Skip to main content

This may be something of a hit-and-run diary as I was already in bed, kicking back and surfing the web on the mobile device, when I ran across this:
Occupy Seattle wants to disrupt visit of JP Morgan's Jamie Dimon

The gist of this, from the article on KPLU 88.5's (the local NPR affiliate's) website, is that 18 months ago, the University of Washington's Foster School of Business invited Dimon to be the keynote speaker at their "Business Leadership Celebration", scheduled this year for November 2, the same day as the General Strike in Oakland and solidarity events around the country (and hopefully the world).

Follow me below the Sleepy Ampersand for more.

Sage Wilson is one of the organizers of the upcoming rally and march protesting Dimon's speech at the Sheraton Hotel on Wednesday.

"He is the embodiment of Chase as the bank and big banks in general. He is the top 1% of the 1%. He made $20.8 million in 2010 making him the top paid banker in the country."

Wilson says Dimon's visit is especially galling to anyone who lives in the state. Back in 2008 Dimon spearheaded JP Morgan Chase's acquisition of Washington Mutual - the largest bank failure in history.

"This is a bank which is foreclosing on people. They're charging EBT beneficiaries 85 cents a transaction, they laid off 3,400 people after they bought Washington Mutual. This is stuff that nobody in the 99% wants to see happening," said Wilson.

(Link above for EBT is to California program, used only as an example to show what EBT is.)

Activists here will march from Westlake Park, the site of #OccupySeattle, to the Sheraton Hotel at 6 p.m. on Wednesday, November 2, which will be preceded by an afternoon worth of events.

Occupy Seattle has issued the following statement and timetable of events after approval by the General Assembly:

Welcome Jamie Dimon, CEO of JP Morgan CHASE, to Seattle this Wednesday!

On Wednesday, November 2nd, Jamie Dimon, the CEO of JP Morgan Chase will be visiting Seattle. Chase collected billions in bailouts while giving millions in bonuses to executives like Dimon, laying off thousands of Washingtonians, and forcing families out of their homes with predatory lending.

Let's show him that what Seattle really thinks of banksters like him!

We'll be taking on Dimon with some awesome events:

1pm: Meet at Seattle Central Community College - 1 hour speak out.
2pm: March and action at a major bank.
6pm: Meet at Westlake Park and march to the Sheraton where Mr. Dimon will be speaking.

Occupy Seattle believes that Chase bank and Jamie Dimon are complicit in the collapse of the US economy and the ongoing economic injustice in our nation today.

The list of injustices is long. Here is a short sample:

    * While the majority of Americans saw their incomes decrease in 2010, Dimon received a 1,500 percent increase in compensation to $20.8 million.
    * Dimon believes that foreclosure is a form of magnanimous "debt relief" that leaves the former homeowners "better off" than they were before. As he said in May 2011, “…Giving debt relief to people that really need it, that's what foreclosure is."
    * In 2011, Chase agreed to pay $153.6 million to settle US Securities and Exchange Commission fraud charges.
    * In March of 2010, Chase agreed to pay $75 million in fines and forfeit $647 million in fees to settle federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business.
    * In October 2010, executives at Chase confessed to signing tens of thousands of foreclosure documents without reading them.
    * In 2009, Chase reported a profit of $11.7 billion, more than twice its profit for 2008, the year the bank received a federal taxpayer bailout of $94.7 billion.
    * Adding insult to injury, Chase admitted in January of this year to overcharged more than 4,000 active-duty military personnel on their home loans.

The action is also in solidarity with the planned General Strike in Oakland. Let's make November 2nd one to remember! Please RSVP and invite all your friends to this Facebook event:

http://www.facebook.com/...

I have something scheduled long in advance that I cannot cancel or change that evening, but will try to get over for some of the daytime activities. Solidarity with #OccupyOakland! #OWS all the way!

We are the 99%, and we're not going to let Mr. Dimon leave town without making sure he feels every bit as welcome here as someone from the Bush administration, or less.

Originally posted to Kitsap River on Mon Oct 31, 2011 at 11:09 PM PDT.

Also republished by Occupy Seattle and PacNW Kossacks.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Tip Jar (21+ / 0-)

    Organ donors save multiple lives! A donor's kidney gave me my life back on 02/18/11; he lives on in me and in others. Please talk with your family about your wish to donate and sign up to give others the gift of life.

    by Kitsap River on Mon Oct 31, 2011 at 11:09:00 PM PDT

  •  I too have a prior committment (2+ / 0-)
    Recommended by:
    Kitsap River, mrsgoo

    or else I'd be at the barricades myself.

    Only Nixon could go to China, and only a Democratic president could kill Social Security, Medicare, and Medicaid.

    by Charles CurtisStanley on Mon Oct 31, 2011 at 11:33:18 PM PDT

  •  ohhh boyy! That should be fun. I hope he gets a (4+ / 0-)

    rousing welcome.

    "We're here to start a dialog, nothing more. We keep quiet and let the press, the politicians, and the Wall Streeters hang themselves." From a veteran protester in the civil rights days at Liberty Park. h/t to pistols at dawn.

    by mrsgoo on Mon Oct 31, 2011 at 11:49:14 PM PDT

  •  I'm going to bed; be back in the morning. (3+ / 0-)

    Taking 85 cents per transaction from poor people's benefits as another way to pay Dimon's bloated salary. It's literally removing food from children's mouths. How low can you get?

    Organ donors save multiple lives! A donor's kidney gave me my life back on 02/18/11; he lives on in me and in others. Please talk with your family about your wish to donate and sign up to give others the gift of life.

    by Kitsap River on Tue Nov 01, 2011 at 12:15:00 AM PDT

  •  The clueless dolts (4+ / 0-)

    have a Chase ad on my screen.

    I hope he will have his voice drowned by the voice of the crowd.

    Education is a progressive discovery of our own ignorance.

    by Horace Boothroyd III on Tue Nov 01, 2011 at 12:42:22 AM PDT

  •  Good luck with that! (3+ / 0-)

    I wish I could join you. Nobody more deserves to be unoccupied. In the sense that he should lose his job and relocate to the federal pen.

    And even though it all went wrong I'll stand before the Lord of Song with nothing on my tongue but Hallelujah! -Leonard Cohen .................@laurenreichelt

    by TheFatLadySings on Tue Nov 01, 2011 at 04:33:54 AM PDT

  •  JP Morgan was not "bailed out". (0+ / 0-)

    The federal govt required Morgan to take TARP funds, and to sign on to the TARP deal. And the bank has since paid back 100% of that money, plus interest. Protesting Dimon because JP Morgan was bailed out is simply not reality-based.

    •  Oh look it's our favorite ruling class apologist (0+ / 0-)

      Give me a break.

      Are you seriously going to defend this bank by cherry picking the one thing you disagree with?

      These people helped collapse the economy, assisted by our government.   Jamie Dimon is an excellent target for a protest like this.    I would tell you to read up on what JP Morgan has done but I doubt you would get it, although even my 9 year old could read about this particular bank and realize they are shit.

      I'd rather die than give you control ~ Trent Reznor

      by JustJennifer on Tue Nov 01, 2011 at 06:36:21 AM PDT

      [ Parent ]

    •  Of the seven grievances listed... (1+ / 0-)
      Recommended by:
      N in Seattle

      Six have nothing to do with the bank bailout. I note three more, one of which I find particularly bad, in Sage Wilson's statement. There is plenty of cause there to protest Dimon. Why do you settle on the one out of ten with which you disagree to declare that Occupy Seattle's protest iis not reality-based? Do you agree with any of the reasons they have listed or that occur in the cited organizer's quote, and if you do, which ones?

      Organ donors save multiple lives! A donor's kidney gave me my life back on 02/18/11; he lives on in me and in others. Please talk with your family about your wish to donate and sign up to give others the gift of life.

      by Kitsap River on Tue Nov 01, 2011 at 08:10:53 AM PDT

      [ Parent ]

      •  and none of them mention WaMu (1+ / 0-)
        Recommended by:
        Kitsap River

        Chase got a sweetheart deal when it bought up the remains of the failed WaMu.  I don't think they had much to do with its collapse (thank Kerry Killinger and his thieving buddies for that), but they picked the good side of WaMu -- i.e., its extensive retail customer base -- for a song.

        And then they laid off something like 3000 employees while adding a pile of fees, tossed aside the still-effective customer service on the retail side, demoralized the remaining employees, cut waaaaay back on local philanthropy, etc., etc.

        grok the "edku" -- edscan's "revelation", 21 January 2009

        by N in Seattle on Tue Nov 01, 2011 at 09:47:28 AM PDT

        [ Parent ]

        •  They have made themselves the most-hated bank (1+ / 0-)
          Recommended by:
          N in Seattle

          At least among people I know over here, and it's largely because of that as well as because of their shark-like credit card practices. I know a kot of people who happily banked with WaMu for years, but who deserted for the local community bank or one of the many Puget Sound area credit unions, especially the two local ones.

          I suspect people's memories of friends and family members' sudden job loss when Chase took over, the rapid deterioration of customer service or any regard for their customers at all except as a profit supply, and remembering what WaMu offered when it was still decent will help fuel this protest.

          Organ donors save multiple lives! A donor's kidney gave me my life back on 02/18/11; he lives on in me and in others. Please talk with your family about your wish to donate and sign up to give others the gift of life.

          by Kitsap River on Tue Nov 01, 2011 at 01:28:39 PM PDT

          [ Parent ]

          •  agree completely (1+ / 0-)
            Recommended by:
            Kitsap River

            I went to BECU soon after the sale to Chase ... don't think I ever wrote a Chase check or got a Chase monthly statement.

            From here, WaMu looked like a great bank -- friendly people, courteous service, accommodating policies.  Of course, I saw only the retail bank, not the no-doc mortgage predator (that got gobbled up by an even worse predator).

            grok the "edku" -- edscan's "revelation", 21 January 2009

            by N in Seattle on Tue Nov 01, 2011 at 03:35:07 PM PDT

            [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site