Monday, April 18, 2011

talk at Rally to boycott Bank of America

Earlier this week, MoveOn.org sent an email to us, more than 3 million members urging us to mobilize to oust Bank of America CEO Ken Lewis. May it be so.

Finally, we are paying attention to the unpaying corporations especially in this time when state and federal governments are facing massive budget problems. It’s about time.

The Bank of America uses subtle loopholes in the tax code to avoid paying their fair share.You and I standing here paid more in taxes than the big tax dodgers like GE and Bank of America.


I’m proud of us who stand here today, knowing that we paid our taxes. Well, why not. Aren’t taxes about the common wealth, that is the common good: money for roads, libraries, police protection and many other needed social services.


It’s to our shame that we have allowed so many loopholes enabling corporate life to withhold money from us, yes, yes, from us, from our common good.


My husband withdrew our accounts from the Bank of America. Money talks and by his withdrawal the money talked to this Bank saying: we refuse to support your crimes against communities, the common wealth.


Let us who are standing here change over to smaller banks. Let us tell our Central Florida friends and relatives to do the same. When we keep our money in our local financial institutions, that money in turn is reinvested in local businesses, which is important for building a stable economy and encouraging local growth. Not so with Wall Street banks like the Bank of America. They use your deposits to make risky investments, gambling at the expense of the economy as a whole.


So, Mr. Bank of America CEO, Ken Lewis, shame on you. You have betrayed your mission. You have not benefitted us but have tried to destroy what is the real America. Rather you employed your bank’s resources to upscale your bonuses, to invest in fine houses, yachts, and other greedy acquisitions. It’s time for you to go, .. for you not only betrayed your clients, but as a leader, you have betrayed yourself, turned yourself into a crook, withholding your corporation’s share of paying its tax share to the common wealth. I feel sorry for you. You have lost your conscience, and if you ever had it, your moral high ground.


Resign, Mr. Lewis. Just resign. Today! Before dinner!