[Economic]
Fed Up With Big Banks That Fund Climate Crisis and Oppression, Community Coalition Demands Public Bank for NYC
by Julia Conley
Posted June 12, 2018

NYC needs to dump big banksChanting, “Wells, Chase, B of A, public bank’s a better way!” social justice groups rallied at the New York Stock Exchange on Tuesday to demand that New York City divest from Wall Street banks and establish a public bank that is “expressly chartered to serve the public interest.”

Investment in Wall Street banks like Wells Fargo, Bank of Americas, and JPMorgan Chase is synonymous with harming the environment, propping up private prisons, and putting working families at risk for financial collapse as well as pushing them out of New York neighborhoods, argued the groups. More…