PRess Release: OVER 10,000 TO MARCH ON WALL STREET TO MAKE THE BANKS PAY


Contact:  Dan Levitan (646) 200-5315, Eric Koch (646) 200-5309, Peter Kadushin (UFT) (212) 510-6463

 

OVER 10,000 TO MARCH ON WALL STREET TO MAKE THE BANKS PAY

 

Unprecedented Labor-Community Coalition Calls on Mayor Bloomberg to Close Loopholes and Renegotiate Bad Deals that Cost City Taxpayers Billions

 

More than 10,000 people will flood the Wall Street area on Thursday to call on Mayor Bloomberg to close the loopholes and stop the destructive bank practices that destroy our communities and cost taxpayers billions instead of enacting layoffs and budget cuts that hurt working families and low-income New Yorkers. 

 

The afternoon of events will kick-off at 4:00pm at eight assembly sites, each themed around budget and issues areas at risk from Mayor Bloomberg’s cuts and bad bank practices.  

 

4:00 PM ASSEMBLY SITES:

(1) Education

City Hall*

260 Broadway

(2) Students

Charging Bull  

26 Broadway

(3) Transportation/Energy

Bowling Green

1Bowling Green

(4) Immigration

Battery Park

Battery Place and State Street

(5) Housing

Staten Island Ferry

1 State Street

(6) Peace

Vietnam Veterans Memorial

55 Water Street

(7) Jobs

Wall Street Fountain

110 Wall St

(8) Human Services / Safety Net

South St. Seaport

20 Fulton St

 

* Note: Liu, De Blasio, and the Rev. Sharpton will join UFT President Michael Mulgrew at the City Hall Assembly site.

 

At 4:30pm, demonstrators will begin marches from assembly sites to the intersection of Water Street and Wall Street, where they will participate in over 100 street teach-ins to educate the public on the bad deals, loopholes and sweetheart deals for Wall Street that cost New York City billions.

 

  • Example:  City officials gave over $100 million in subsidies to JPMorgan Chase, Citigroup and Morgan Stanley to save or create over 17,000 jobs – and they didn’t.  Bloomberg must demand accountability and get back unearned subsidies to prevent budget cuts.

 

Also, at 4:30pm, Comptroller John Liu, Public Advocate Bill de Blasio, and the Rev. Al Sharpton will join UFT President Michael Mulgrew at a City Hall teach-in on education cuts.  At 5:00pm the group will march from City Hall down Broadway through the Wall Street area to join the teach-ins at Water Street and Wall Street. 

 

At 5:30pm all participants will join at Water Street and Wall Street and march down to Battery Park for an energetic closing session.

 

 

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