Like many states and local governments around the country, Oakland is being victimized by the banking industry.
In a counterattack against Wall Street, grassroots groups and state leaders joined forces to exact significant concessions from the big banks.
Women from Code Pink, along with a few male allies, recently picketed the Bank of America on Inwood and Lemmon.
In their constant quest for ever-larger profits, at least five of the nation's leading banks have entered the sleazy, unscrupulous, and usurious field of payday lending.
The flight attendants called the action, and the pilots and Transport Workers Union quickly joined in. Other unions and solidarity activists drove into DFW International Airport for the action.
A $26.5 billion settlement between the states' attorneys general and big banks over the financial finagling with mortgage-backed securities is a good first step, AFL-CIO President Richard Trumka says.
Police arrested some 400 demonstrators Jan. 28 in response to the latest attempt by Occupy Oakland activists to occupy a vacant building and establish a new encampment there.
Responding to public demands to prosecute the banks responsible for creating the financial crisis, President Obama announced on Tuesday a new financial irregularities task force
After months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis.
The slight dip in foreclosure rates in 2011 was not the beginning of a trend towards reversal of the mortgage crisis.