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Occupy Buffalo protestors on Thursday convinced their city to end its business ties with JP Morgan Chase – and move $45 million out of the Wall Street giant and into a local bank – First Niagara Financial Group. As the Buffalo city comptroller said about the move: “Not only will the funds earn more interest with First Niagara, a major local employer headquartered in Buffalo, but it also sends a crystal-clear message to JPMorgan Chase that the City of Buffalo is not happy with their business practices.”

One of the great successes of the Occupy movement since it began this year is convincing Americans, businesses, and entire cities to move hundreds of millions of dollars out of Wall Street banks and into local banks. Let’s keep it up.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 9:59 am

Comments

I am sure the city can use the added income to repair a small portion of the damage these little fools have caused.

THISAA's picture
THISAA
Joined:
Dec. 16, 2011 5:49 am
Quote THISAA:

I am sure the city can use the added income to repair a small portion of the damage these little fools have caused.

And the rest they can use to pay down debt from tax breaks to corporations and the 1%. Everybody wins ..... except JP Morgan Chase.

Laborisgood's picture
Laborisgood
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Jul. 31, 2007 3:01 pm

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The Death of the Middle Class was by Design...

Even in the face of the so-called Recovery, poverty and inequality are getting worse in our country, and more wealth and power is flowing straight to the top. According to Paul Buchheit over at Alternet, this is the end result of winner-take-all capitalism, and this destruction of the working class has all been by design.

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