Protest at Chase Bank demands:
‘Moratorium on foreclosures! Stop funding farm worker abuse!’
By
Ben Carroll
Detroit
Published Jul 11, 2010 11:26 PM
An estimated 1,000 people marched on Chase Bank in Detroit on June 25 during
the U.S. Social Forum to demand a moratorium on foreclosures and evictions and
an end to Chase’s funding of RJ Reynolds’ abuse of farmworkers in
North Carolina’s tobacco fields.
The demonstration, organized by Detroit’s Moratorium Now! Coalition to
Stop Foreclosures, Evictions and Utility Shutoffs, the Farm Labor Organizing
Committee, and the Faith and Spirituality Committee of the USSF, drew
farmworkers, Detroit residents, trade unionists, members of the faith community
and activists from across the country to target the bank for its attacks on
workers and its role in the economic crisis.
The action began with a rally at Grand Circus Park and pushed downtown through
the financial district as chants of “Bail out people, not banks!”
and “Chase Bank, shame on you, farmworkers are people too!” filled
the streets. Once at Chase, a spirited picket line was formed that completely
surrounded the bank.
The demonstration swelled up the steps of the bank as a delegation that had
intended to meet with bank officials to discuss the demands was blocked from
entering the building. After a standoff and struggle at the door with police,
the delegation, which consisted of FLOC president Baldemar Velásquez,
United Auto Workers president Bob King and religious leaders, was allowed to
enter the building.
FLOC has been organizing for more than three years to win improvements in
working conditions for tobacco workers in the fields of North Carolina who
supply RJ Reynolds. Despite organizing massive community pressure on Reynolds
to win basic increases in human rights for farmworkers, the tobacco giant
refuses to negotiate with the workers.
FLOC has developed a new approach of looking at who does business with Reynolds
as a way to pressure the company to come to the table. “JP Morgan Chase
is the largest Reynolds creditor and gives almost a half billion dollars in
credit to Reynolds. When they receive repayments on the loans they give, they
are profiting off of those conditions for farmworkers,” said FLOC
organizer Justin Flores.
“We decided to organize a future boycott and get pledges from people all
over the U.S. with Chase bank accounts or credit cards to be willing to take
out their money the day after Labor Day if JP Morgan Chase doesn’t do
something to pressure Reynolds about the working conditions.”
Chase Bank was also targeted because of its role in the predatory lending
scandal that continues to cost taxpayers billions of dollars and resulted in
the ongoing foreclosure epidemic that has devastated whole sections of Detroit
and other cities.
The Moratorium NOW! Coalition has been raising a demand for several years for a
national moratorium on foreclosures and evictions which would cost nothing and
allow families to stay in their homes. One coalition organizer told this
reporter how refreshing it was to hear the new UAW president leading chants for
the moratorium.
The focus aimed at both the foreclosure crisis and attacks on working people
exposed the central role the banks continue to play in the ongoing economic
crisis. The unity built between the struggles to win a moratorium on
foreclosures and for farmworkers to get justice in the fields was a major
advance for both struggles.
Carroll is an organizer in Raleigh, N.C., with the youth organization Fight
Imperialism, Stand Together.
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