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Bank of (Insert Country Here)
The Bank of America was originally the Bank of Italy. It was founded in San Francisco in 1904 by Amadeo Giannini. The bank served fellow Italian immigrants, who American banks refused to do business with. At the time, banks only worked with the wealthy; storing money under the mattress was very common for common people.
This isn’t the only interesting thing about Giannini. He managed to save all his deposits from his bank buiding during the great earthquake and fire in 1906. With all the other banks smoldering ruins, he set up a makeshift office with a desk of a plank over two barrels. Giannini lent the saved money to whoever was willing to invest in rebuilding; later in life he was very proud that all those loans were repaid.
Tell Obama: You've Arrested the Wrong People
Five years after the greed and recklessness of Wall Street criminals crashed our economy, Eric Holder’s Department of Justice is finally making some arrests. But it’s not Wall Street bankers sitting in jail. Nope, it’s struggling homeowners and foreclosure victims who went to DC to demand the end of Too Big to Jail.
Yesterday, 500 people surrounded the Department of Justice headquarters. 27 got arrested - 17 last night and 10 more this morning at 6 AM - and are refusing to leave until the Obama Administration agrees to get the DOJ to start launching criminal investigations into the actions that led to the Great Recession. We need your support to make this happen!
Please call the White House and tell them you support the homeowners and foreclosure fighters they’ve arrested at the Department of Justice and also want to see Wall Street criminals held accountable.
Here’s the contact info and a short script.
The White House Comment Line: (202) 456-1111
Hi, my name is _______________ and I’m calling in support of the 27 people you had arrested at the DOJ yesterday and this morning. You’ve arrested the wrong people. You should be arresting the Wall Street bankers who caused the Great Recession, not jailing struggling homeowners and foreclosure fighters just trying keep their homes from being stolen. Please end your policy of Too Big to Jail and start making Wall Street pay us back.
How The Banking System Works.
- Banks: Trust us with your money
- People: What if you lose our money, who will insure our money?
- Banks: The government
- People: You mean the government that's funded with our money?
- Banks: Yes.
- People: So we are giving you our money and if you lose it we will be paid back with money that the government taxes from us?
- Banks: Yes.
- People: Where will that new money come from if you lost it in the first place?
- Banks: We'll lend it to you.
- People: How does that work?
- Banks: It's complex. No need to worry, the system can't fail because if it did, everything would come to an end.
- People: ...
- Banks: ...
- People: ...
- Banks: Trust us with your money.