The banks that want the Minneapolis Public Schools' business will be taking questions from the public!
In October, we launched a campaign to ask the Minneapolis Public Schools to stop banking with the big banks that are harming our community. In the Spring, they took the first step toward doing that, and committed to considering community impact in their decision. Now, they've invited the community to weigh in on the selection process. The finalists in the selection process (US Bank, Wells Fargo, Bremer Bank, and JP Morgan Chase) will be taking questions from the community in a public event at UROC.
It's very important to make sure the Minneapolis Public Schools hears us loud and clear that community impact should weigh heavily on their decision. The finalists they've selected include Bremer Bank, a local bank which gives 40% of its profits back to the community each year, is an industry leader in small business lending in Minnesota, and pays its fair share of taxes. The other three on the list have been the target of community protests for a huge range of misdeeds, including reckless and often illegal foreclosures, payday lending at obscene interest rates, dodging taxes, supporting anti-immigrant policies, refusing to work with the Somali community to transfer money to families in Somalia, and lobbying against taxes on the rich that would fund our schools.
So... what questions would YOU ask of the representatives from these banks? What questions do you want to make sure the Minneapolis Public Schools considers as it makes its decision? Some bank is going to earn profits managing our public money... where do you want those profits to go?
Be there Wednesday morning at 8:30 to take this rare opportunity to directly ask questions of the banks that are holding our economy hostage.
67 8th Ave NE
Minneapolis, MN 55413
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