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From the Open-Publishing Newswire
Sun May 22 2011 (Updated 05/29/11)Jail the Bankers, Not the Teachers!
Sun May 22 2011 (Updated 05/29/11)Oakland Educators Protest and Sit-in at Wells Fargo Bank for Funding
On May 12th, Oakland Education Association (OEA) teachers and their supporters protested at the Wells Fargo bank on Broadway and 12th Street to demand that the bank use its wealth to stop the cuts in Oakland schools. Several staged a sit-in inside the bank branch and were arrested.
In announcing their action, Oakland Teachers declared: Oakland teachers are sick and tired that our schools suffer while the banks get a bailout, and we're fighting back. Wells Fargo received $25 Billion in bailout money. Wells Fargo made $12 Billion in 2010 and paid no taxes. Wells Fargo owns part of the debt of the Oakland Unified School District, a debt that increased drastically when the state took control of the district due to financial problems, leaving the district in worse financial shape than before the takeover.
Photos | Protest Announcement
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