Tuesday, May 3, 2011

The results of the pledge drive...

During the first two weeks of April 2011, Berkeley City College students led a pledge drive to get people to move their money out of the big corporate banks and into socially responsible credit unions. Here are the statistics from our pledge drive:

35 people
signed the pledge

Of these, people pledged to withdraw from the following banks:

Bank of America - 17 people
Wells Fargo - 7 people
Chase - 5 people
Other (Citibank, Bank of the West, Mechanics Bank, US Bank, declined to state) - 6 people

Thanks to everybody who moved their money!! And congratulations!!

The teach-in and community day were a great success!

Thanks to everyone who attended our teach-in and community day, and a special thanks to the speakers, credit union representatives, student dj's and organizers of the events. Check out our slide show of the community day. The teach-in was recorded in part, so hopefully we will be able to post it here for posterity.

Check out this article on the events, by community member Colin Davis.

Sunday, April 10, 2011

Wells Fargo's evil pack with Narco-Terrorists.


How a big US bank laundered billions from Mexico's murderous drug gangs

As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored
Ed Vulliamy The Observer, Sunday 3 April 2011

On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico, as the sun was setting. Mexican soldiers, waiting to intercept it, found 128 cases packed with 5.7 tons of cocaine, valued at $100m. But something else – more important and far-reaching – was discovered in the paper trail behind the purchase of the plane by the Sinaloa narco-trafficking cartel.

During a 22-month investigation by agents from the US Drug Enforcement Administration, the Internal Revenue Service and others, it emerged that the cocaine smugglers had bought the plane with money they had laundered through one of the biggest banks in the United States: Wachovia, now part of the giant Wells Fargo.

The authorities uncovered billions of dollars in wire transfers, traveller's cheques and cash shipments through Mexican exchanges into Wachovia accounts. Wachovia was put under immediate investigation for failing to maintain an effective anti-money laundering programme. Of special significance was that the period concerned began in 2004, which coincided with the first escalation of violence along the US-Mexico border that ignited the current drugs war.

Friday, April 8, 2011

Berkeley Daily Planet article on BCC Move Your Money!

Read this comprehensive article by The Berkeley Daily Planet about how the BCC Move Your Money project takes aim at the corporate tax cheats.

Wednesday, April 6, 2011

Get acquainted with Professor Richard Wolff

Richard Wolff gives much-needed perspective on our economy and how we got here.

Listen to Move Your Money speak on 94.1 KPFA!

Today, two students from Berkeley City College spoke on the radio about the Move Your Money events we are organizing. Check it out at www.kpfa.org/archive/id/68809