Activists Protest on Streets and in Board Rooms
In Minneapolis, protesters rallied outside the Convention Center as Bancorp’s shareholders entered to attend the annual meeting. Minnesotans for a Fair Economy even managed to have a few enter as proxy shareholders, which allowed them to question U.S. Bank’s CEO Richard Davis.
Monique White faces foreclosure after her nonprofit job was cut due to budget constraints.
“I basically told [Davis] that my house is in foreclosure and I explained to him how high the foreclosure is in my area,” said White, who entered the meeting as a proxy shareholder. “The house across the street sold for $9,000. I don’t understand how U.S. Bank hadn’t been willing to meet with me to renegotiate or modify my loan and make it affordable for me to stay.”
As a result, Davis told her that bank officials would meet with her. But there was no guarantee of a resolution nor a timetable despite her working two-part time jobs.
The Somali community in the Twin Cities faces a type of humanitarian crisis as two large banks (U.S. Bank and Wells Fargo) stopped transferring funds to their family members in the East African nation. Davis once again pledged to meet with the community. More than 1,000 Somali community members have vowed to close their accounts if no resolution can be found by May 11.
In New York, activists visited some of the nation’s biggest tax dodgers.
The Tax Dodgers pose in their uniforms, hula-hooping cheerleaders hold up their “Tax Loopholes,” and the “team manager” thanks “hardworking, taxpaying Americans” for “paying taxes so we don’t have to.”
Everyday Americans had to file their taxes yesterday, but large corporations exerted their influence to lessen their burden. Must be nice.
Picture by Aaron Krager