Tag: JP Morgan Chase

Dear friends and neighbors in Hunters Point: I’ve been reading the questions you’re asking about safety and health in your neighborhood and thought I might be able to point you toward some answers. I was born and lived in San Francisco for many years and know your neighborhood well. I remember when it was a vital part of our city and a good place to live. So, it’s been sad to see how poorly the years and the 1 percent have treated you. You deserve better.

On March 18, residents of Midtown Park Apartments, Cultural Action Network, ACCE Action and allies attempted to close down two Chase and US Bank locations they believe are connected to current tenant displacement in the Mission, Fillmore-Western Addition and Bayview through evictions and predatory-lending foreclosures. They also delivered petitions for those banks to pledge to divest from investments and practices that result in displacement of long-time San Franciscans.

For 24 years Bill and Hillary Clinton have courted Wall Street money with notable success. No other political couple in modern history has enjoyed so much money flowing to them from Wall Street for such a long time – $92.57 million over a quarter century. Because of the Clintons’ romance with Wall Street and their corrupt New Democratic Party, the New York bankers and the Clintons are richer today. Others – betrayed, abandoned, savaged – are not.

Much hullabaloo has been made recently about slavery as entertainment in movies like “Django Unchained.” But lost in the discussion is slavery as history. Though sadistic and macabre, the plain truth is that slavery was an unprecedented economic juggernaut whose impact is still lived by each of us daily. Here’s my top-10 list of things everyone should know about the economic roots of slavery.

Banco de Venezuela is one of the most important banks in Venezuela, with a 12 percent share of the market in loans and obtained profits of US$170 million in the first half of 2008, a 29 percent increase on 2007, when its profits had already increased by 20 percent. It has 285 offices and 3 million customers. Banco de Venezuela was nationalized in 1994 after a massive banking crisis which bankrupted 60 percent of the banking sector, only to be privatized in 1996 and bought by the Spanish multinational banking group Grupo Santander for only US$300 million. In only nine months Grupo Santander recovered its original investment.