NEW YORK CITY: CORPORATE CRIME & DIRECT ACTION Nov 22 2002
Eviction Papers Served to World's Most Destructive Bank; Four Arrested
Citigroup has earned the title of the World's Most Destructive Bank for its
environmental plunder, consumption of third world economies, and support of
apartheid-era South Africa and, more recently, Enron and WorldCom. On
November 21, activists attempted to serve Citigroup with well-earned
eviction papers. As part of the Corporate Crime Patrol, four activists from
the Wetlands locked themselves to the door of a Citibank in New York City
and were arrested. Similarly, on November 14, activists with the Rainforest
Action Network engaged in civil disobedience at five separate Citibank
locations in San Francisco.
Read: full feature | NYC IMC summary | SF IMC summary
[ NYC IMC | SF IMC | Tell Citibank: End Predatory Lending ]
http://www.indymedia.org/
Still,better shares in the bank than money in the bank...
Aussie bank cartel a winner amidst global uncertainty
Going by the front page of the business section of the SMH this morning the
combined profits of the 4 major banks are now at about A$10.5 billion. In
US dollar terms this equates to about US$6 billion even with our depressed
exchange rate.
Microsoft, who basically has a worldwide monopoly, can only manage US$7
billion in profits. Coca-Cola only manages $4b.
For a group of financial institutions basically servicing a minuscule
economy (the majority of their profits are local, look at their dreadful
overseas performance) this is pretty ridiculous. Talk about gouging the
local economy
