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Class Warfare

Occupy L.A. to March in Financial District Downtown For Bank Transfer Day

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Fri, Nov 4, 2011 at 8:06 AM

click to enlarge ALEXIS TEJADA
  • Alexis Tejada
L.A. has played second fiddle to Occupy Wall Street, where the American movement started, and Occupy Oakland, where it has exploded.

But on Saturday the spotlight could finally be on us. That's because National Bank Transfer Day, which has roots here, will be highlighted by the Occupy movement downtown.

A march is happening in the Financial District to get you to take your money out of the big Wall Street-backed banks. It happens ...

... at 10:30 a.m. at California Plaza.


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The group Good Jobs LA is joining in on the fun. A statement from the org:

Saturday's march is part of a series of planned events in the downtown LA financial district to protest the corporate greed that is hurting local communities and killing good jobs.

Those who want to close their accounts Saturday are encouraged to "gather" at 9 a.m. The banks that most often see the ire of protesters (for their allegedly fraudulent lending that led to the subprime real estate meltdown and subsequent Great Recession) are:

Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., Citigroup Inc. and Ally Financial Inc.

More inspiring words from Good Jobs LA:

Wall Street banks are leaving LA communities behind. When Wall Street banks needed help after their greed and recklessness crashed our economy, Congress rushed to bail them out with billions in taxpayer money - but now Wall Street Banks are continuing to put families out of their homes and failing to invest in local communities to create good jobs.

[@dennisjromero/djromero@laweekly.com]

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