2011 Activism home
Wall Street Crimes
244,025
petition signatures
3,906
phone calls to the
White House
1
CREDO statement
on
Occupy Wall Street
There are a million reasons why the Occupy Wall Street movement started where it did. The banks, hedge funds and other financial institutions represented on Wall Street caused the meltdown that wrecked our economy and the lives of millions of Americans. And not a single banker went to jail.
CREDO was proud to publicly express its support of the Occupy movement with a company statement. When protesters were mistreated by police in Oakland, in New York and at the University of California at Davis, CREDO members took action. More than 244,000 members signed petitions in support of the rights of peaceful protesters.
Meanwhile, federal agencies tried to broker an agreement with the states and the five biggest banks—which engaged in robo-signing, falsified documents and illegally evicted homeowners—that would let the banks off the hook for foreclosure fraud with only a slap on the wrist. CREDO members, outraged at this potential sellout, pushed back. We asked the attorneys general of two of the large states—Eric Schneiderman of New York and Kamala Harris of California—to investigate and prosecute bankers, not settle. We urged President Obama not to push through such a deal and 3,906 CREDO members called the White House along with 5,367 who called their state attorneys general. In addition, 14,962 CREDO members sent letters to Treasury Secretary Timothy Geithner asking him to help homeowners through the crisis, not provide aid to the banks.
2011 Activism home