On Wednesday, November 2, 2011,, Jamie Dimon, the CEO of JP Morgan Chase will be visiting Seattle. Chase collected billions in bailouts while giving millions in bonuses to executives like Dimon, laying off thousands of Washingtonians, and forcing families out of their homes with predatory lending.
Let’s show him that what Seattle really thinks of banksters like him!
We’ll be taking on Dimon with some awesome events:
1pm: Meet at Seattle Central Community College – 1 hour speak out.
2pm: March and action at a major bank.
4:30pm: Meet at Westlake Park to make signs and other preparations for march
6pm: March from Westlake Park to the Sheraton where Mr. Dimon will be speaking.
Occupy Seattle believes that Chase bank and Jamie Dimon are complicit in the collapse of the US economy and the ongoing economic injustice in our nation today.
The list of injustices is long. Here is a short sample:
- While the majority of Americans saw their incomes decrease in 2010, Dimon received a 1,500 percent increase in compensation to $20.8 million.
- Dimon believes that foreclosure is a form of magnanimous “debt relief” that leaves the former homeowners “better off” than they were before. As he said in May 2011, “…Giving debt relief to people that really need it, that’s what foreclosure is.”
- In 2011, Chase agreed to pay $153.6 million to settle US Securities and Exchange Commission fraud charges.
- In March of 2010, Chase agreed to pay $75 million in fines and forfeit $647 million in fees to settle federal regulators’ charges that it made unlawful payments to friends of public officials to win municipal bond business.
- In October 2010, executives at Chase confessed to signing tens of thousands of foreclosure documents without reading them.
- In 2009, Chase reported a profit of $11.7 billion, more than twice its profit for 2008, the year the bank received a federal taxpayer bailout of $94.7 billion.
- Adding insult to injury, Chase admitted in January of this year to overcharged more than 4,000 active-duty military personnel on their home loans.
The action is also in solidarity with the planned General Strike in Oakland. Let’s make November 2nd one to remember! Please RSVP and invite all your friends to this Facebook event: