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Financial institution of America – Take Back the Financial system 4-28-09 (04)
Image by seiuhealthcare775nw
Photo Credit: Neil Parekh / SEIU Healthcare 775NW
Seattle Taxpayers Demonstrate at Bank of America as Portion of Continued Nationwide Actions to Take Back the Economic climate
“Taxpayer Proxy” Action Demands Bank Fire CEO Ken Lewis,
Commit to Powerful Banking Reform, Voice for Workers
Seattle (April 28, 2009) – Taxpayers, working households and SEIU members joined collectively in Seattle today and much more than 100 other cities across the nation these days to take action outside Bank of America branches and collect and provide “Taxpayer Proxies” demanding the financial institution fire CEO Ken Lewis and commit to financial reform that puts buyers and workers ahead of income.
The taxpayer actions took place on the eve of Financial institution of America’s annual shareholder meeting in Charlotte, NC. Right after accepting billion in bailout funds, taxpayers and the government are the greatest shareholders of Bank of America, and taxpayers in Seattle are demanding that their voices be heard.
On April 29th a delegation of neighborhood and national leaders will supply the “Taxpayer Proxy” demands to the Financial institution of America shareholder meeting calling on it to: fire CEO Ken Lewis assistance sturdy banking reform get rid of predatory lending practices and unreasonable charges help the Employee Cost-free Option Act to make certain workers have a voice to speak out for shoppers and enhance functioning problems and offer inexpensive healthcare to financial institution employees so they are not forced to depend on tax-payer funded public wellness plans.
“Taxpayers didn’t cause this economic crisis—but we confident are having to pay the value," said SanJerra Collins, a caregiver from Tacoma and member of SEIU Healthcare 775NW. “For years, financial institutions have constructed a enterprise model all around pushing dangerous merchandise and burying consumers in more and much more debt. It is time for banking institutions to halt these predatory practices and develop a technique that is about assisting folks, not exploiting individuals.”
Above the final two years, Bank of America CEO Ken Lewis has received .8 million in compensation, even though the median wage for a teller at Bank of America hovers about the federal poverty line for a family of four.
In spite of getting billion in federal taxpayer bailout funds given that final fall, Bank of America has announced plans to lay off 30,000 to 35,000 workers and handed out .2 million in corporate bonuses. Financial institution of America could have utilised the income they paid out in bonuses to give every single of its bank tellers an estimated 1,000 raise—nearly seven occasions their median salary.
The bank also continues to make taxpayers pick up the tab for about million a 12 months in employee wellness care fees due to the fact numerous Bank of America workers can not afford the company’s wellness insurance coverage and ought to depend on public healthcare programs. This expenses Washington state taxpayers 9,000 every 12 months.
Last year, Bank of America collected .3 billion in financial institution charges, nearly 30 % larger than both of its two largest competitors. And even immediately after taking bailout cash Bank of America continues running up credit card interest prices on customers even if they have made every single payment on time. The bank arbitrarily hiked interest charges on a single million play-by-the-guidelines, spend-on-time customers in 2007 alone.
In 2008, Bank of America invested over million on lobbying and opposed expenses like the Employee Free of charge Selection Act, the Credit Cardholders Bill of Rights and the Foreclosure Prevention Act which would immediately benefit the financial system and customers.
For far more info, please go to www.TakeBackTheEconomy.org.
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SEIU Locals in Washington State
include:
SEIU Neighborhood six – representing three,500 janitors and safety guards
SEIU Regional 49 – representing one,200 well being care employees in SW Washington
SEIU Healthcare 775NW – representing 35,000 lengthy-phrase care workers
SEIU 925 – representing 23,000 schooling and child care employees
SEIU Healthcare 1199NW – representing 22,000 nurses and healthcare employees
SEIU Regional 1948 – representing 27,000 school workers
Bank of America – Take Back the Financial system 4-28-09 (14)
Picture by seiuhealthcare775nw
Photo Credit: Neil Parekh / SEIU Healthcare 775NW
Seattle Taxpayers Demonstrate at Bank of America as Component of Continued Nationwide Actions to Take Back the Financial system
“Taxpayer Proxy” Action Demands Financial institution Fire CEO Ken Lewis,
Commit to Sturdy Banking Reform, Voice for Workers
Seattle (April 28, 2009) – Taxpayers, working households and SEIU members joined with each other in Seattle these days and much more than 100 other cities across the nation these days to take action outside Bank of America branches and gather and supply “Taxpayer Proxies” demanding the financial institution fire CEO Ken Lewis and commit to economic reform that puts buyers and employees ahead of income.
The taxpayer actions took location on the eve of Bank of America’s annual shareholder meeting in Charlotte, NC. After accepting billion in bailout funds, taxpayers and the government are the greatest shareholders of Bank of America, and taxpayers in Seattle are demanding that their voices be heard.
On April 29th a delegation of neighborhood and nationwide leaders will provide the “Taxpayer Proxy” demands to the Financial institution of America shareholder meeting calling on it to: fire CEO Ken Lewis assistance sturdy banking reform get rid of predatory lending practices and unreasonable charges assistance the Employee Free Option Act to make certain employees have a voice to speak out for consumers and increase working conditions and offer cost-effective healthcare to bank workers so they are not forced to depend on tax-payer funded public wellbeing applications.
“Taxpayers didn’t result in this economic crisis—but we positive are having to pay the price," mentioned SanJerra Collins, a caregiver from Tacoma and member of SEIU Healthcare 775NW. “For many years, financial institutions have developed a business model all around pushing dangerous products and burying buyers in a lot more and far more debt. It is time for financial institutions to cease these predatory practices and create a program that’s about assisting people, not exploiting folks.”
Over the final two years, Financial institution of America CEO Ken Lewis has received .eight million in compensation, while the median wage for a teller at Bank of America hovers all around the federal poverty line for a family members of 4.
Despite getting billion in federal taxpayer bailout funds since last fall, Financial institution of America has announced plans to lay off 30,000 to 35,000 employees and handed out .2 million in corporate bonuses. Bank of America could have employed the income they paid out in bonuses to give every of its bank tellers an estimated one,000 raise—nearly seven times their median salary.
The bank also continues to make taxpayers choose up the tab for about million a 12 months in employee well being care fees due to the fact numerous Bank of America employees cannot afford the company’s wellness insurance coverage and must rely on public healthcare applications. This charges Washington state taxpayers 9,000 every 12 months.
Final 12 months, Financial institution of America collected .3 billion in bank fees, nearly 30 % larger than both of its two largest rivals. And even after taking bailout income Bank of America continues operating up credit card interest charges on clients even if they have created every payment on time. The bank arbitrarily hiked interest prices on one particular million perform-by-the-rules, shell out-on-time clients in 2007 alone.
In 2008, Bank of America invested above million on lobbying and opposed expenses like the Employee Free Option Act, the Credit Cardholders Bill of Rights and the Foreclosure Prevention Act which would immediately advantage the economic climate and customers.
For more details, please check out www.TakeBackTheEconomy.org.
###
SEIU Locals in Washington State
incorporate:
SEIU Neighborhood six – representing 3,500 janitors and safety guards
SEIU Neighborhood 49 – representing 1,200 wellness care workers in SW Washington
SEIU Healthcare 775NW – representing 35,000 extended-expression care workers
SEIU 925 – representing 23,000 training and kid care employees
SEIU Healthcare 1199NW – representing 22,000 nurses and healthcare workers
SEIU Nearby 1948 – representing 27,000 college employees
Bank of America – Take Back the Economy 4-28-09 (28)
Image by seiuhealthcare775nw
Photo Credit: Neil Parekh / SEIU Healthcare 775NW
Seattle Taxpayers Demonstrate at Financial institution of America as Portion of Continued Nationwide Actions to Take Back the Economy
“Taxpayer Proxy” Action Demands Financial institution Fire CEO Ken Lewis,
Commit to Sturdy Banking Reform, Voice for Employees
Seattle (April 28, 2009) – Taxpayers, operating families and SEIU members joined with each other in Seattle right now and far more than a hundred other cities across the nation these days to take action outdoors Financial institution of America branches and collect and deliver “Taxpayer Proxies” demanding the financial institution fire CEO Ken Lewis and commit to monetary reform that puts buyers and employees ahead of earnings.
The taxpayer actions took place on the eve of Bank of America’s annual shareholder meeting in Charlotte, NC. After accepting billion in bailout funds, taxpayers and the government are the largest shareholders of Financial institution of America, and taxpayers in Seattle are demanding that their voices be heard.
On April 29th a delegation of community and nationwide leaders will provide the “Taxpayer Proxy” demands to the Bank of America shareholder meeting calling on it to: fire CEO Ken Lewis support robust banking reform remove predatory lending practices and unreasonable charges support the Employee Totally free Selection Act to make certain employees have a voice to speak out for shoppers and enhance working conditions and offer cost-effective healthcare to financial institution employees so they are not forced to rely on tax-payer funded public well being applications.
“Taxpayers didn’t trigger this financial crisis—but we sure are paying the cost," explained SanJerra Collins, a caregiver from Tacoma and member of SEIU Healthcare 775NW. “For many years, financial institutions have constructed a business model around pushing dangerous goods and burying customers in a lot more and more debt. It’s time for financial institutions to stop these predatory practices and create a system that is about assisting individuals, not exploiting individuals.”
More than the last two a long time, Bank of America CEO Ken Lewis has received .eight million in compensation, while the median wage for a teller at Financial institution of America hovers close to the federal poverty line for a loved ones of four.
Despite receiving billion in federal taxpayer bailout funds considering that final fall, Bank of America has announced plans to lay off 30,000 to 35,000 employees and handed out .two million in corporate bonuses. Bank of America could have employed the cash they paid out in bonuses to give every of its financial institution tellers an estimated 1,000 raise—nearly 7 instances their median salary.
The bank also continues to make taxpayers select up the tab for about million a 12 months in employee well being care expenses since several Bank of America employees cannot afford the company’s health insurance coverage and need to rely on public healthcare applications. This costs Washington state taxpayers 9,000 each and every 12 months.
Last 12 months, Financial institution of America collected .three billion in bank fees, practically 30 percent higher than either of its two greatest competitors. And even immediately after taking bailout cash Bank of America continues running up credit card interest charges on buyers even if they have made each payment on time. The bank arbitrarily hiked interest charges on 1 million play-by-the-principles, pay out-on-time customers in 2007 alone.
In 2008, Bank of America spent over million on lobbying and opposed bills like the Employee Free of charge Alternative Act, the Credit Cardholders Bill of Rights and the Foreclosure Prevention Act which would right advantage the economy and consumers.
For much more details, please go to www.TakeBackTheEconomy.org.
###
SEIU Locals in Washington State
contain:
SEIU Local six – representing 3,500 janitors and safety guards
SEIU Neighborhood 49 – representing one,200 health care employees in SW Washington
SEIU Healthcare 775NW – representing 35,000 lengthy-phrase care workers
SEIU 925 – representing 23,000 education and child care workers
SEIU Healthcare 1199NW – representing 22,000 nurses and healthcare employees
SEIU Neighborhood 1948 – representing 27,000 school employees