July 2010 — President Obama has signed Wall Street reform into law this month.
The big bank execs are all sitting around wondering how this happened. I know the answer.
It was you. And thousands like you who demanded we get this done.
I want to insist that you take a minute to stop and reflect on what we've achieved.
We made a list; scroll down and take a look.
Regardless of what motivated you to get involved, I hope you keep
finding the inspiration to press on. And I hope you share it with those
around you.
Still lots to do. Some very powerful people against us. But I like our odds with you on our side.
Here are just a few of the things we did together:
Online,
you've sent more than 100,000 letters to Bank of America, Goldman Sachs
and other Wall Street banks - holding them accountable for the damage
they've done to our economy.
You helped expose Goldman Sachs' record of trashing small businesses like Stella D'Oro, and sent thousands of phone calls to CEO Lloyd Blankfein's office, demanding that his bank show a real commitment to fixing the economy they helped destroy.
In
the first major demonstration following the bank bailouts, SEIU and
allies staged demonstrations outside of AIG in Washington, D.C. and in
more than 30 states to demand Wall Street banks use taxpayer money to
help rebuild communities, not pay out multi-billion dollar bonuses. Check out the photos.
SEIU members & activists, clergy, bank employees, and families delivered more than 90,000 taxpayer proxies
to Bank of America's annual shareholder meeting to demand the bank fire
CEO Ken Lewis and eliminate predatory practices that helped create our
economic crisis. Because of our actions, Lewis was forced to resign as
Chair of the Board. SEIU members also demanded Lewis receive no
retirement payout given his giant salary and key role in the economic
crisis. View photos of the taxpayer proxy delivery and from actions across the country. Watch video here.
SEIU members & activists, and current and former bank employees exposed the harmful and predatory practices of the big banks and partnered with lawmakers and consumer groups to call for new protections for bank employees to blow the whistle on harmful protects and protect consumers.
Members
and activists from SEIU and NPA led three days of demonstrations around
the annual conference of the American Bankers Association in Chicago.
SEIU members and allies crashed a bankers' ball, demonstrated inside
and outside of Wall Street banks across the city, and 5,000 Americans
marched through the streets of Chicago to demand banks stop spending
millions fighting reforms to help our economy recover and prevent
another crisis. Lots of photos and video here.
SEIU
and NPA members and our allies took on the giant 'vampire squid'
Goldman Sachs for its leading role in the economic crisis and efforts
to block key Wall Street reforms. View photos and video here.
When Wall Street paid out a record $140 billion in pay and bonuses in 2009,
SEIU members and supporters again took action to expose how that money
could be used to help our families and communities recover. The pay
for Wall Street's top bankers could solve nearly every state budget gap
in the country, stop every foreclosure through 2012, or extend
unemployment benefits for every American out of work for 7 months.
SEIU
members exposed the more than $1.2 billion Wall Street banks plan to
collect this year from our cities and states from toxic interest rate
swaps sold before the crisis. And we're working with lawmakers and
community groups including ACCE and PICO in Los Angeles, Oakland, and
in a growing number of cities to demand Wall Street re-negotiate or
cancel these deals to save first responders, healthcare services, and
education programs from being cut in our communities. Watch this video on interest rate swaps.
We're
making banks pay for their continued role in the foreclosure crisis.
Los Angeles was one of the first cities in the country to pass an
ordinance fining banks up to $1000 a day for failing to keep up
properties they foreclose on. SEIU, ACCE and others launched a web site
www.LAHoodwinked.com
to allow neighbors to report properties in disrepair. Cities like Los
Angeles can collect hundreds of thousands of dollars to protect
services from being cut. And neighbors won't have to worry about the
value of their home plummeting even more because the foreclosed home
next to them is falling apart.
And we're
working with members of NPA, PICO, ACCE, IAF and other community groups
to demand Wall Street banks implement real foreclosure prevention
programs, write down principal on over-valued, underwater mortgages,
and help families keep their homes. Foreclosed families are moving into
Wall Street banks and traveling across the country to demand reforms. Watch the video.
SEIU
members and activists joined thousands of other families and members of
NPA, PICO, ACCE, IAF and other groups to march down the streets of San
Francisco, Charlotte, Kansas City, Chicago, and on Wall Street
and stage actions outside the annual shareholder meetings of the top
Wall Street banks this April to protest Wall Street's failure to
reinvest back in our communities.
In May,
families from more than a dozen states converged on Washington, D.C.
for three days of trainings and demonstrations to expose Wall Street
lobbyists and demand Congress put the needs of Main Street before the
demands of Wall Street. More than 2,000 Americans shut down traffic on
K Street and took action outside the offices of the major Wall Street
lobbyists. SEIU members were again joined by members of NPA , PICO and
other community allies for the demonstrations. See the video and photos.