
Divest LALos Angeles, CA, United States

24 Jul 2017
Hello friends of Divest LA,
Five months ago, we created the campaign for the City of Los Angeles to divest public funds from Wells Fargo for its long history of corrupt and unethical banking practices. After a hard-hitting grassroots campaign led by local activists, LA City Council unanimously voted to begin the process to divest $40 million in holdings from Wells Fargo, in addition to a comprehensive overhaul of the city’s financial framework.
This was a testament of the true power of coordinated and strategized public pressure. And we’re going back in.
In Phase 2 of Divest LA, we are pushing the city to divest its entire depositories and financial services with Wells Fargo. Through the legislative process – we’re aiming for their BILLIONS.
But that’s not all. Something extraordinary is happening across the country. In major progressive cities from Seattle to San Francisco, Oakland to Washington DC, divestment campaigns are creating an organic pathway towards the PUBLIC BANKING movement.
Join us as we launch PUBLIC BANK LA, the campaign to make Wall Street obsolete! Support the movement to mobilize the City of LA to create a publicly-owned municipal bank, accountable to the people, not big banking profiteers. Goodbye, Wall Street!
Please sign our Change.org petition to Mayor Garcetti and LA City Council for the creation of the Los Angeles public bank: https://www.change.org/publicbankla
We will now organize to demand LA City Council create a publicly owned bank- 100% accountable to the people of the city, chartered to specifically invest locally in green energy, small businesses and affordable housing, completely barred from involvement in fossil fuels and predatory practices, whose bankers will be PUBLIC SERVANTS- not private profiteers.
IMAGINE the possibilities- billions of dollars get funneled away from Wall Street back onto Main Street, and all banking is done to better the community.
Join us for our upcoming meeting on July 29, 2017, to develop the movement Wall Street hoped would never happen- this is the start of complete system change.
We are calling on organizers, supporters and activists to join the upcoming campaign to officially create the nation's first Municipal Public Bank. Divestment was just the beginning- this is where the REAL change happens.
Join us for history in the making! THIS IS THE REVOLUTION.
Check out our newly launched website: http://publicbankla.com
Facebook Event Page: https://www.facebook.com/events/1704404003188777/
Revolution LA Meetup Event Page: https://www.meetup.com/Revolution-LA/events/241758620/
Please sign our Change.org petition to Mayor Garcetti and LA City Council to create a Los Angeles public bank: https://www.change.org/publicbankla
THANK YOU FOR YOUR SUPPORT! ONWARDS!
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