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Peninsula | Global Justice and Anti-Capitalism

Protest at Chase Bank: JP Morgan/Chase Greases the Wheels for British Petroleum
by R. Robertson ( ruth [at] anewwayforward.org )
Sunday Jun 27th, 2010 12:56 AM
Members of organizations including A New Way Forward demonstrated in front of a Chase Bank branch in Palo Alto, California on June 26. JP Morgan Chase got $25 billion in government bailout money and they grease the wheels for British Petroleum (BP).

Chase is the chief depository bank for BP, which means that Chase essentially handles all the stock services and payouts for BP. Chase holds 27.74% of total ordinary issued shared capital.

...
§Street theater
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

BP is Blinded by Profit; Chase Banker is chummy
§Chase Enables BP
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

§Eyes are BP logos
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

§BP character has a big oil derrick...
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

...protruding from belly
§Facing the street traffic...
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

...Chase Banker is chummy with the BP "rep" with sign
§Chase Floats BP's Boat
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

§Palo Alto Police try to contain the demo
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

...but the demonstrators had the last word
§Not to be chased away by the powers-that-be
by R. Robertson Sunday Jun 27th, 2010 12:56 AM

Demonstrators continued for another half hour. This sign says why they were there...BP and Chase are too chummy

Comments  (Hide Comments)

by Tellers can switch jobs to credit unions!
Saturday Jul 10th, 2010 4:29 PM
From Chase, BofA and the other banks on the "Too Big to Fail" bailout list, the talking heads never mentioned that the bank tellers who would be laid off following the impending bankruptcy could have used their job skills at locally owned credit unions also!

The talking heads in corporate media claimed that these banks were all "Too Big to Fail" and that if taxpayers didn't support the bailout then our entire economy would go down the tubes and we'ld all have to go out to the woods and eat ants to survive. (Well, they didn't exactly say THAT, though that was their message; drastic consequences would occur if there was no bailout!)

This shows that the concern was never with the bank tellers being laid off, it was more tied into the absolute power that these big corporate banks hold over our economy. That petrochemical corporations are wrapped up with these banks shows where their true concerns lie!

If all the big corporate banks went bankrupt and consumers and workers all switched over to local credit unions, we would also not be under the financial influence of petrochemical corporations!!