F The Banks to Confront Obama at Campaign Fundraiser in NYC

FOR IMMEDIATE RELEASE
CONTACT: press@occupywallst.org, 347-292-1444

Obama Selling Off Presidency While Investigation of Wall Street Corruption
Goes Begging
F The Banks to Confront Obama at Campaign Fundraiser in NYC

Tonight, members of F the Banks and Occupy Wall Street will be highlighting the Obama Administration’s failure to investigate crimes which brought on the financial crisis with a vibrant (and loud) counter-fundraiser for the woefully underfunded and understaffed federal Mortgage Fraud Task Force. Outside of President Obama’s high dollar fundraiser, NYers will demand that justice be brought to the banks by confronting Obama with his broken promises and deceptive funding priorities.

In January’s State of the Union address, Obama announced the new “special unit” to investigate and “hold accountable those who broke the law.” The investigations could have serious results: Big banks held accountable (criminal penalties for executives) for crimes against the American people and our economy; meaningful settlements provided for millions of underwater homeowners.

Recently, the F the Banks members had a sit in at New York State Attorney General Eric Schneiderman’s Mahattan office, to push him to take charge of the floundering Mortgage Fraud Task Force. With last week’s financial smack down by a Wall Street-friendly Congress to deny full funding to the investigative Task Force, and the predictions of over $1Billion to be raised by the Obama re-election campaign and related PACs, it is clear that election fundraising trumps justice for American homeowners.

When/Where: Monday, June 4th, 6pm, converge at Bryant Park. 7pm move to New Amsterdam Theater (42nd St Btwn 7th and 8th Ave).

Visuals/Photo Opps: Counter-fundraisers will wave dollar bills to underscore the ridiculous disparity between campaign spending and the amount of money needed to bring justice to the banks, as well as bang on pots and pans to bring noisy attention to the quiet investigation.

Wall Street greed remains unchecked and unbowed. While the county wants money out of politics, Obama is hauling in more Big Apple cash for his reelection effort – selling the White House to donors while millions of Americans are underwater. More information can be found at: www.fthebanks.org

Occupy Wall Street is part of an international people powered movement fighting for economic justice in the face of croney capitalism, the crimes of Wall Street, and a government controlled by monied interests. #OWS is the 99% organizing to end the tyranny of the 1%. 
For more info www.occupywallst.org and press.nycga.net
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