For Immediate Release
Who: Local community groups and participants with #ResistTrumpTuesdays actions
What: Protest of Chase Bank CEO’s involvement with Trump and recent executive order dismantling bank regulations
When: Tuesday, February 7th, 2017, 12PM 1PM
Where: Chase Bank at 595 Market St., San Francisco, CA
San Francisco, CA: Tomorrow, as part of ongoing national #ResistTrumpTuesdays protests, community members will demonstrate at a downtown Chase bank office to demand JP Morgan Chase CEO Jamie Dimon resign from Trump’s advisory council and oppose Trump’s latest executive order Friday aimed at slashing bank regulation. The protests builds off last week’s successful protests and #deleteUber movement which forced Uber CEO Travis Kalanick to resign from Trump’s advisory council.
On Friday, Trump met with Dimon and others on his advisory council, while also announcing he expects to cut more out of DoddFrank, a bipartisan act that was passed to prevent a repeat of the 2008 financial meltdown which plunged the country into the Great Recession. Thousands lost their homes to foreclosures in the crisis.
“Trump said there is nobody better to tell him about banking regulation than Chase CEO Jamie Dimon. We’re here to say there is nobody worse. Many of our members were foreclosure victims of Chase and its profithungry bad lending practices,” said John Eller, San Francisco director of Alliance of Californians for Community Empowerment. JP Morgan Chase settled with the Department of Justice for a landmark $13 billion for fraudulent lending and mortgage securitization practices that contributed to the 2008 crisis.
Kimi Lee with Bay Resistance said, “We’re telling Trump and Dimon that our banking system, like our healthcare or our public education, is not for sale. We can’t gamble with the health of our economy.”