Move Our Money: Community Groups, Local Governments to Divest Funds from Big Banks With Goal of Moving $1 Billion

As part of an overall “Move Our Money” campaign encouraging Americans to move their funds out of big Wall Street banks, a coalition of community groups and others has undertaken a campaign to move $1 billion from banks such as Bank of America, JPMorgan Chase, and Wells Fargo to community banks … Continue reading

Protest Group Decries ‘Back-Door Bail-Out’ of Bank of America

A group organizing protests distinct from, but similar in spirit to, Occupy Wall Street is denouncing permission granted by the Obama administration to allow Bank of America’s holding company to transfer risky derivative assets from Merrill Lynch to its federally insured bank. The New Bottom Line — a coalition of … Continue reading