FOR IMMEDIATE RELEASE:
Nov. 4, 2011
CONTACT: Davina Lynch (858) 880-8343
Protesters to Converge on Gaslamp Bank of America for “National Move Your Money Day”
SAN DIEGO—Several groups, including MoveOn.org, Veterans for Peace, the Gray Panthers, and Occupy San Diego will be holding a “Death of the American Dream” mock funeral outside of Gaslamp Bank of America, 455 Island Ave. at noon.
The rally is part of the national bank transfer day (www.banktransferday.org), in which customers are urged to move their money out of banks and into community credit unions.
“In part because of its 115 offshore tax havens, Bank of America paid no federal taxes for 2009, in spite of making $4.4 billion in profit, and they even got cash back from the government,” states protest organizer Davina Lynch. “That helped them to spend $11 million in campaign contributions and $24 million on lobbying. They will lay off 30,000 employees this year.”
Occupy San Diego protesters will begin marching from the Civic Center at 10:30am to converge with the Bank of America Protest as well.
“JPMorgan Chase bank admitted to overcharging 4,000 military families, and to erroneously foreclosing on others, though only after a marine sued them and NBC exposed their activities. Bank of America exhibited similar behavior,” states Lynch.
The protesters hope to encourage large numbers of people nationwide to transfer their money out of the big banks and into community credit unions so their money is invested back in their communities rather than going to executive salaries and bonuses.