October2011 Movement Closes Citibank to Protest Record Profits Made at the Expense of Human Needs
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Uploaded by ncftTV on Oct 20, 2011
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shot by Asher Platts and Kevin Egan
Cut by Dennis Trainor, Jr
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Washington, DC - A group of 40 protesters marched to the Citibank, a subsidiary of Citigroup, at 14th and G Streets NW this morning to protest the announcement of the seventh consecutive quarter of massive profits by Citigroup while the economy continues to collapse. Upon the arrival of the protesters, the bank shut down. Six protesters including a video team remained inside the building. Video will be available soon. Police have been called to the scene.
Citigroup, one of the nation's largest banking and investment firms, reported yesterday that their quarterly earnings are up $3.8 billion, 74% higher than a year ago. Citigroup continues to foreclose on mortgages. They hold back loans to small businesses and consumers. They choke the economy while they are profiting massively.
This is a slap in the face to the average American who earns miniscule interest rates on the money they have in Citigroup banks, are unable to obtain loans and mortgages, and are being forced to pay all sorts of fees and charges just to access their own money.
Citigroup's profits are typical of the banking industry in general who accepted billions in bailout loans from the American people, yet now seem to think that the money belongs to them personally.
Here is a list of complaints aginst Citibank:
1. Citigroup has paid ZERO corporate taxes for the last four years.
2. Citigroup has 427 subsidiaries in foreign tax havens to hide their profits.
3. Citigroup was the LARGEST recipient of federal bailout money-- $476 billion.
4. CEO John Havens receives $9.5 million annually, while paying their tellers $12.65 an hour.
5. Citigroup just posted a 3rd quarter net profit of $3.8 billion, a 74% increase over last year.
Citigroup, Citibank, move your money, occupy, protesters, police, close accounts, closing your account with Citibank, ows, occupy wall street, occupydc, freedom plaza, kevin zeese, dennis trainor jr,
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Top Comments
All Comments (91)
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Whether you respect their methods or not, these protestors are exposing Citibank for what it is. I am a conservative, pro-business, corporate president. I paid off my accounts with Citibank yesterday simply because of their profiteering practices. They targeted me as someone unable to pay $79, asking me to fill out an on-line questionaire explaining "how I got into this financial situation". I paid the whole loan balance off on the spot. They said they were disapointed. Too Bad, Citibank.
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Bull Shit selective outrage.
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Get your money out of the corporate banks? Yes.... I think so as well... For many reasons that you are about to find out the hard way ;)
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back so soon? but you just got arrested in the last video?.....
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@lamaddussa Not entirely there is a PREPONDERANCE of evidence to support that most of the evil and wicked people are liberal demoncrats see Michele Malkin's liberal primer you'll see then come back with atleast 1/2 as much against conservative.
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I travel abroad a lot and because I have a small credit union it's hard to get around. I was stranded without cash in Amsterdam for example. I hate to support the corps, but I need something to fit my lifestyle.
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@DirkMcgee Why?
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"Their CEO makes nearly TEN MILLION dollars a year, while their tellers make $12.65 an hour."
If that isn't greed I don't know what is.
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Funny. Everyone is trying to leave the big banks and I'm trying to ditch my little bank. Local credit unions suck, or rather mine does.
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Honestly, the guy is on private property.... If he resists he WILL be arrested.
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Move your money? What money?
The average American has 13 credit obligations.
There's no money to move, just a an account to direct your directly deposited paycheck, which will disappear within hours.
xTheOxx 4 months ago 11
Credit Union banking is the way to go. I don't pay all the ridiculous fees that big banks charge.
akeffo 4 months ago 6