Saturday, March 12, 2011

WI protesters shut down Walker-loving bank branch

We love this story. Wisconsin firefighters (not sure how many yet) decided to withdraw their money from M&I bank in Madison on Thursday. M&I not only received bailout money, but its executives gave substantial money to Koch whore Scott Walker's campaign for governor.
According to Alternet, the firefighters took out $192,000.
Heeding a call by Firefighters Local 311 President Joe Conway to 'Move your money,' union members withdrew over $100,000 from the bank, with some reports stating that number is as high as $192,000. Either way, it was a hefty enough chunk of change that M&I shut its doors and closed for the day at 3PM.

Other bank customers took out money too, hundreds of protesters picketed outside its doors and the bank branch locked its doors. DailyKos has pictures of citizens protesting outside the bank and a few more details. (The mainstream media probably won't touch this one):
...the specific branch near the Capitol is closed to avoid a run and the amount withdrawn by the firemen was only $192,000. I think that means random citizens pulled another $400,000 out on their own...
We're delighted to report there's a campaign to boycott the bank:
Is This The Thanks We Get?
After working families gave Marshall and Ilsley Bank (M&I) a $1.7 billion bailout in 2008, their executives did an about face and funded Governor Scott Walker's attack on our right to collectively bargain. (visit for more information)

In fact, their financial help combined was more than what the Koch Brothers contributed.
And while Governor Walker was demanding austerity from working people, M&I CEO Mark Furlong got an $18 million golden parachute.
Even after the bank was having diffulty paying back its TARP loan.
Is this the thanks we get for bailing out M&I Bank?
Tell M&I CEO Mark Furlong and his board to come clean and stop backing the politicians who took away our rights.