The Big Banks crashed our economy, destroying jobs, foreclosing on millions of homes and wrecking city and state budgets across the country. After trillions in taxpayer-funded bailouts, Wall Street is making billions in profits again, and giving away record bonuses to CEOs. The six largest banks – JPMorgan Chase, Bank of America, Citibank, Wells Fargo, Goldman Sachs and Morgan Stanley – are now making over $199 million per day in profits.
But our communities are still hurting. Here in New York City, tens of thousands have lost their homes and we lost 150,000 jobs because of the crisis the banks caused. Now, Mayor Michael Bloomberg is proposing devastating budget cuts to essential services as the only solution to the economic crisis and revenue shortfalls that Wall Street caused.