On Oct 12, 2011 PACT held a bank accountability press conference to announce mounting divestments and to call on CA Attorney General Kamala Harris to take strong action to hold banks accountable for their unethical and illegal practices that have caused and prolonged the economic crisis.
San Jose churches, organizations and residents are divesting millions of dollars from big banks due to their unethical policies and practices. Most Holy Trinity Catholic Church is moving all of its accounts out of Bank of America. The City of San Jose has moved money out of B of A following its social responsibility investment policy. PACT is divesting from Wells Fargo. Community members are moving their money to follow their values - closing their accounts with big, national banks that caused the economic crisis and have taken no responsibility or action to be part of the solution.