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We cannot achieve economic, environmental, or educational justice until we confront structural racism and take our demands directly to the financial elite profiting off the crises in our communities.

Action Center on Race and the Economy

5 days ago

In order to reimagine safety in our communities, we must shift our spending away from cops and banks so we can make investments in the public services that our communities need most.

Instead of prioritizing the hardest hit Chicagoans, the Mayor wants to divert $1 billion in ARPA relief to pay off loans--including $465 million to Wall Street giant JPMorgan Chase. That’s more than half of Chicago’s relief money!

These are the same banks that targeted Black and Brown customers with predatory mortgages and then foreclosed on them, and profited from private prisons and immigrant detention centers. These same banks profit from upholding an unfair system that overcharges municipalities when they borrow. Police and Wall Street deals are two expenses that continue to grow, forcing our communities to bear the costs of balancing the budget.

JPMorgan Chase has already gotten billions in bailouts. It doesn’t need our pandemic recovery money too! Sign this petition to call on JPMorgan Chase to waive interest on this loan so we can keep our relief money. ... See MoreSee Less

DON’T LET JP MORGAN CHASE TAKE CHICAGO’S RELIEF MONEY!

actionnetwork.org

In order to reimagine safety in our communities, we must shift our spending away from cops and banks to make reparative investments in the public services that our communities need most. Instead of pr...

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ACRE Follow 4,772 6,497

Campaign hub for organizations working at the intersection of racial justice and Wall Street accountability. Press/Contact: media@acrecampaigns.org

'; ACRE @ACREcampaigns ·

14h 1392225128348483586

"The message from groups like the Action Center for Race and the Economy, though, is that the Fed chair’s actions have not been nearly enough...“From a racial justice perspective, Powell has just been terrible.” @snbhatti

Victoria Guida @vtg2

Jay Powell has a decent chance of being reappointed as Fed chair. But another thing that caught my attention in reporting this story is that Lael Brainard might not face much resistance from the left if she’s the pick instead.
https://www.politico.com/news/2021/05/11/fed-chair-powell-biden-left-486746

Reply on Twitter 1392225128348483586 Retweet on Twitter 1392225128348483586 2 Like on Twitter 1392225128348483586 5 Twitter 1392225128348483586

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