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Contact:  Dan Levitan (646) 200-5315, Eric Koch (646) 200-5309, Peter Kadushin (UFT) (212) 510-6463

OVER 10,000 TO MARCH ON WALL STREET TO MAKE THE BANKS PAY

Unprecedented Labor-Community Coalition Calls on Mayor Bloomberg to Close Loopholes and Renegotiate Bad Deals that Cost City Taxpayers Billions

More than 10,000 people will flood the Wall Street area on Thursday to call on Mayor Bloomberg to close the loopholes and stop the destructive bank practices that destroy our communities and cost taxpayers billions instead of enacting layoffs and budget cuts that hurt working families and low-income New Yorkers. 

The afternoon of events will kick-off at 4:00pm at eight assembly sites, each themed around budget and issues areas at risk from Mayor Bloomberg’s cuts and bad bank practices.  

4:00 PM ASSEMBLY SITES:

(1) Education

City Hall*

260 Broadway

(2) Students

Charging Bull  

26 Broadway

(3) Transportation/Energy

Bowling Green

1Bowling Green

(4) Immigration

Battery Park

Battery Place and State Street

(5) Housing

Staten Island Ferry

1 State Street

(6) Peace

Vietnam Veterans Memorial

55 Water Street

(7) Jobs

Wall Street Fountain

110 Wall St

(8) Human Services / Safety Net

South St. Seaport

20 Fulton St

* Note: Liu, De Blasio, and the Rev. Sharpton will join UFT President Michael Mulgrew at the City Hall Assembly site.

At 4:30pm, demonstrators will begin marches from assembly sites to the intersection of Water Street and Wall Street, where they will participate in over 100 street teach-ins to educate the public on the bad deals, loopholes and sweetheart deals for Wall Street that cost New York City billions.

  • Example:  City officials gave over $100 million in subsidies to JPMorgan Chase, Citigroup and Morgan Stanley to save or create over 17,000 jobs – and they didn’t.  Bloomberg must demand accountability and get back unearned subsidies to prevent budget cuts.

 

Also, at 4:30pm, Comptroller John Liu, Public Advocate Bill de Blasio, and the Rev. Al Sharpton will join UFT President Michael Mulgrew at a City Hall teach-in on education cuts.  At 5:00pm the group will march from City Hall down Broadway through the Wall Street area to join the teach-ins at Water Street and Wall Street. 

At 5:30pm all participants will join at Water Street and Wall Street and march down to Battery Park for an energetic closing session.

 

What:  May 12 Day of Action to Save Our City’s Budget and Make the Banks Pay

Who:  More than 10,000 demonstrators from the May 12 Coalition, joined by Liu, De Blasio, and the Rev. Sharpton

Where and When:   

4:00PM – Mobilization begins at 8 Assembly sites including City Hall

4:30 PM – Demonstrators in Financial District begin March to Water St. and Wall St. Convergence Point

5:00 PM — Liu, De Blasio, and the Rev. Sharpton join UFT President Michael Mulgrew on march from City Hall down Broadway, through the Wall Street area to Water Street and Wall Street

5:00PM – Over 100 of street teach-ins begin at Water St. and Wall St.

5:30PM – All groups join at Water and Wall, March continues to Battery Park


 

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