More than 1,000 outraged residents, religious leaders and city workers descend on Bunker Hill financial district and city hall and declared “LA is not Wall Street’s ATM.” They urged city leaders to restore vital city services and middle-class jobs.
The Fix LA coalition–with the backing of SEIU 721 members and LA City Traffic Officers–blanketed the City Hall area Thursday to feed parking meters and place faux tickets on cars, then traveled to Bunker Hill deliver a giant parking violation to Bank of New York Mellon, which takes in $5 million a year in taxpayer money as a result of a bad bank deal.
Their message: Get back taxpayer money from Wall Street so we can use it to restore city services such as street repair, removal of abandoned cars, alleyway clean-up, and traffic control.
Today SEIU 721 and our partners in the Fix LA coalition scored a huge victory: the Los Angeles City Council voted 14-0 Wednesday to hold big banks accountable and bring millions of dollars back to our streets instead of Wall Street! The measure, sponsored by Councilmembers Paul Koretz, Gil Cedillo … Read More
At a lively March 25 rally in front of the Bank of NY Mellon in Los Angeles, the Fix LA Coalition unveiled a groundbreaking research report, entitled “No Small Fees: LA Spends More on Wall Street than Our Streets,” revealing that Wall Street charges the City of Los Angeles more than $200 million in fees.