Loading...
HomeMy WebLinkAbout2011-1220 Documents Submitted at Mtg dot & john fisher- smith 20 December, 2011 Subject: Annual Review of Investment Policy City Council Agenda 20 December, 2011 XI. NEW AND MISCELLANEOUS BUSINESS 1. Will Council conduct annual review and accept the current City of Ashland Investment Policy? Mayor John and Councilors, (revised to align with extempore comments) Dot and I have been concerned for many years about everything needing to be local and sustainable. The Times They Are a-Changin' sang Bob Dylan. The repeal of the 1933 Glass-Segal Act in 1999 has, as predicted at the time, made the large Wall Street investment banks behave more like casinos. http://tiny.cc/ad8my The disastrous failure of MF Global on October 30th proves once again that the pundits of high finance, while making themselves rich with their financial instruments and derivatives, have also created a dangerous financial instability, which continues to spin out of their control. While Mr. Corzine the CEO could not tell a Congressional Committee why it failed, some theorize it was due to low interest rates causing a reduction in the float. Float is the aggregate of all moneys in the pipeline—including our checking account—that banks can lend out overnight to improve their bottom line (see P.S. below). In the United Kingdom, Parliament has just put in place a measure, similar to our defunct Glass—Segal Act, placing a firewall between what they call `High Street Banks' which serve historic banking functions and large Investment Banks, which resemble our Wall Street banks. Big investment banks (list page 2) like Bank of America tend to siphon more money out of localities than they give back — in the same manner as giant retailers like Walmart. We suggest that it would serve the citizens and businesses of Ashland, Jackson County and the State of Oregon, for the City of Ashland's deposits and investments to be placed, responsibly and lawfully, where they have the greatest local impact. And that this will bear a greater premium to the City's welfare, because money that remains in the city and local community will continue to circulate and benefit local businesses and citizens. John Fisher-Smith t 945 oak street , ashland , OR 97520 ( 541 ) 482 - 3269 E-mail:<dot @opendoor.com> dish @opendoor.com.neb dot & john fisher - smith 20 December, 2011 P.S. Float: When I was talking about the float, I was referring to the approximate number of days between issuance of a check and presentation of the check for payment at the organization's bank; so that on any given day the institution may use the aggregate of all those moneys of numerous accounts for short term lending. From Wikipedia Largest full-service investment banks The following are the largest full-service global investment banks; Full-service investment banks usually provides both advisory and financing banking services, as well as the sales, market making, and research on a broad array of financial products including equities, credit, rates, currency, commodities, and their derivatives: Bank of America Barclays Capital Citigroup Credit Suisse Deutsche Bank Goldman Sachs JPMorgan Chase Morgan Stanley Nomura Securities UBS Wells Fargo Securities 2 945 oak street , ashland , OR 97520 ( 541 ) 482 - 3269 E-mail:<dot @opendoor.com> dish @opendoor.com.net> OCe�Qtl Ashland Divest from Bank of America December 20, 2011 llCtlOn Bank of America helped bring down the economy, received $25 billion in taxpayer bailout funds, and now they've been caught illegally forging documents to kick thousands of struggling families out of their homes. Hundreds of thousands of people have closed their Bank of America accounts in the last few weeks, including numbers of churches across the country. Background of City of Ashland Choosing Bank of America: Oregon Action met recently with Ashland City Recorder Barbara Christiansen to discuss the possibility of moving the City of Ashland's accounts out of Bank America and into another, more responsible bank. Ms. Christiansen explained that the "Concentration Account" held with BOA has four Zero Balance Accounts. These include accounts payable and receivable and represent City departments such as: Parks, Police, Utilities, taxes, merchant fees, and VISA. The City selects its operational bank by publishing a Request For Proposals (RFP) for banking services which banks respond to with proposals. A committee of city staff rates the proposals received from banks based on a set of criteria. Currently, Ashland has a three-year contract with BOA with the possibility of two one-year extensions. The present contract has 1.5 years left to run. Request to City of Ashland: Oregon Action would like the criteria for choosing city banking services to include a point about keeping the city's money in the local community. We want to know, for instance, does the bank we do business with make loans to local businesses. We are asking the City if we could work informally with the staff and the City Recorder to address new criteria for the next round of Request for Proposals to banks. And, we would like the next RFP to go out as soon as is practical. City of Ashland Investment in Local Credit Unions: Local governments are limited by state law to in the amount they can deposit in credit union savings accounts. That amount is $250,000. The law has changed. In 2010 the Oregon Legislature joined 19 states in allowing credit unions to accept larger deposits. The law gives the State Treasurer and credit unions until January 2013 to set up the collateralization pool to back these investments. ,The City of Ashland could be one of the first cities to implement HB 3700 by investing $25 in t ee nealization pool with Rogue Federal Credit Union. Larger sums can be added after January 2013. Request to the City of Ashland: Oregon Action requests that the Ashland City Council amend their investment po hies to include the option of taking advantage of HB 3700 to deposit monies in a local credit union. For more information: Oregon Action 541-772-4029 Reasons to Reconsider Ashland's Use of Bank of America: As the Occupy Movement rolls on from city to city and port to port one of its consistent focuses has been on the malfeasances of the "too big to fail banks." In this regard Bank of America deserves special attention. hi addition to its refusal to stop its foreclosure practices, its robo-signing complicity and its obscene compensation to its CEO and corporate officers, Bank of America has a well-documented, long history of frauds and fines, most recently paying a 137 million dollar("slap on the wrist") fine to the SEC for"having engaged in bid- rigging and other non-competitive behavior in their efforts to sell `municipal bond derivatives to various state agencies,municipalities, school districts and nonprofits."Adding insult to injury, BOA made 4.4 billion in profits in fiscal year 2010, receiving a total bailout from the Federal Reserve of nearly one trillion and paying no taxes, instead being rewarded with a 1.9 billion tax refund (Sanders). Here in Southern Oregon we must reexamine our local banking practices in light of Bank of America's material and moral debt default. On the material side of the balance sheet, Bank of America does not lend to small businesses. It made 98 small business loans in 2007 and only three as of August 28, 2010. As of that date, it had in place only one billion in commitments to Oregon small businesses. (Manning) One of the places BOA does lend is to a business called"Advance America."Advance America, which has an office just over the state line in Yreka, is a giant payday chain, a leader in the so-called "poverty industry." BOA provides them with a$265 million line of credit, allowing the chain to borrow money at three percent interest and loan it out at over 400% interest, in effect, supporting usury. (Rivlin) Just last week, faced with increasing scrutiny by the media and the recent success of"Move Your Money,"Bank of America, which has a"D" Weiss rating(Bay), surreptitiously moved its massive derivative positions from its Merrill Lynch investment arm into an FDIC account, shifting its risk of loss on these speculative derivative contracts to the FDIC and, subsequently, to the U.S.taxpayer, who will be left holding the bag. The notional value of these contracts...you can't wrap your brain around these numbers... is 75 TRILLION dollars! (Goodman). These so-called"business practices" are the inevitable outcome of BOA's morally bankrupt"leadership." Simply put,the directors of BOA have not kept faith with America. In their unwavering obsession with profit, they have driven unbridled capitalism over a cliff, ignoring any moral hazard and foregoing any fiduciary responsibility to the American people. They have, as the saying goes, "privatized their profit and socialized their costs." Maximizing their use of laws and loopholes and lobbyists,they have gained unfair competitive advantage and have blatantly betrayed the democratic ideals of our nation to which they deceitfully pledge allegiance. It is up to us, "we the people"to take back the reins. Locally, we can start by asking the City of Ashland to divest itself of any accounts it may have with BOA and to reinvest those funds in a community bank that is a true steward of American democracy. On December 20`b the Annual City of Ashland Investment Policies will be on the City Council agenda. Meanwhile, Occupy Ashland, Peace House, Oregon Action and Good Grief America are sponsoring"Move Ashland's Money"this Saturday, December 17a'from 11 am to 4 pm at Peace House, 543 S. Mountain St. in Ashland. Come and learn about actions we can take, discuss our push for an Oregon State Bank and sign our petition to the City of Ashland for Responsible Banking Resolution. Andrew Seles, retired English professor and freelance writer, member of Oregon Action Bay, Carne. DS News.com. 5/27/10 Goodman, Avery. `Bank of America Dumps 75 Trillion in Derivatives on U.S. Taxpayer with Federal Approval." www.seekingall2ha.com Manning, Jeff. "For Small Business Owners Credit Crisis Won't Go Away."The Oregonian. August 28, 2010. Rivlin, Gary. "Which Bank is the Worst?" www.TbeDailyBeast.com. October 25, 2011 Sanders, Bernie The Speech. Nation Books. 2011. Oregon Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its VW current banking with Bank of America. A new request for banking servic�should be initiated now addressed to Ashland local banks. t NAME ADDRESS E-MAIL M-0-d, cbn-, 7Lr Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregonaction.org Oregon A°�1Oj Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL me _ car ` cc t�L3 fAYL` 22 /U4J r Send to Oregon Action 33 N.Central Ave It 303 Medford,OR 97501 541-772-4029 rich @oregonaction.org F TActio " Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL / avev, p� Ck ` r e ' y V 5 Sen n.,'& sf fo ��� k�av��s ?06 4K- 5'll�culn.r�t)eRa., @ .�,�'l• coy.. �-3 J W;11tiU,1�, Y�UrL�y� c��uU },, 1 0\A 1��w1U12 `�S w����cnv�•brn1���1dep.N U� -G�Y� hu�f�l F.F5'o G IkN VA 5-VA f- I �() SeU{.M� 5�: ahumly�US @$Mal(• CaIN Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregonaction.org Oregon Act'°n Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL C) J 0 9-7 S-z-0 (� , i 113S Asl 1 �N kk; y'� (L- rSty � .} 1„ kr sF; a � �-jr r.. ? ; IZo lim 4/VA4# a o 5 �rf)-h;.s ILd �u -S ? er �11 L) zr� ri✓ s:G 1h D S 2SZ 3 r St 6h la y753 0 li��taXs��r eo�s•� Qr/ (� e L/90 5�/GuJG�err y G�ihr Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @0ordgonaction.org ®regon c t'°" Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL 7 S 3 �o qol OuJ 5-71 e P`\A" fJ ' Sf Send to Oregon Action 33 N. Central Ave �03 Medfo�OR 97501 541-772-4029 �N rich @o egonactio .org Oregon Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL G ' �)l4 GCS;_`.!_ I �,9J_��• rP � " l Q.�. � � pp /�' ,w ) o-L7J 1 6,� ma, reams c,n l U ► � � 4 �,q�� (� / l. . rv.�Z, ( rvelwrc . ��t � J --t7 j s A) (-? C p S �� S I-e s IIIP L S fang a Send to Oregon Action 33 N. Central Ave 4 :303 Medford, OR 97501 541-772 4029 r1ch @oregonaction.org Lam. S Oregon petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS R�-6S1 E-MAIL � g5�iq I �Ca 0, /)V 1162- MeV © 2, Q e '41-b Gv-ah� 5'. 45MC. �i G u c, boa .co h� '�(cP f'I/I L{M / 9✓ Aw//I�Q.In/ �Ve /dYj( .7�RNViDVI T lrl'I A�IOD. W lKe r (6 -�16,, .A3 CL r, 6V ng cr e goiz s GOrr I OW 5 I GL � _ � � 4l ' r c � � �� vs �e ✓.1 r GQ Send t4 Oregon Action 133 N. Central Ave # 303 Medford, OR 97501 541-772-40 9 rich @oregonaction.org ireggqop ,act:°n Petition to the City of Ashland for Responsible Banlang Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL '/ 3783 o/ei 5&,p e G�+x . [*w. ?7 ` r6 Z YIUtGi do VY)a r be op pr%(NI ►ye t / ✓'rte �-q7 -� e � vl G� r 107 LN Pr2Ova crr. 17 S a� l.. Cow M�v�n� w �� so ►n ���1. c>ule��- � �+�� vv�ou�a.s,'n5s O jQ�fi •� u i �e- 7 cQ u�c IUiC� �. vp CL I J6, AAv - H01-f n 6�� P146A f 6o.✓e- Jdaorf0,( orh- h 36��@ ,ti�:�:carc, Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregonaction.org oxegon AQO° Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL -zo J �o/ , / •z Send td-Oregon Action 33 N.Central Ave T303 Medford,OR 97501 541-772-4029 rich @oregonaction.org Oregon aotto�n Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL N 9 lti l� �t L�!2 ` 3C( d �t7 « 4,2- b n o 47111 ti -V- �l � 1 k C LAJ Sr AS4CA N b V1 -t J. L h ,.K I 3 w Z v �xr 7 0 rho i Send to Oregon Actin .Central Ave #3b3 Medford,OR 97501 541-772-4029 rich @oregonaction.org Oregon ''Q5O0 Petition to the City of Ashland for Responsible Banlung Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking o llacoI y will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL MQ {�2 r llo'� Vow �IeSS /�Sh a `1752D SiSSyperr @ yahoo . Cor^ U6-L -Fa , vviewyf Asl�Qa , w ' 7�r�IF✓ ►mac W . t Iz�a �V (A e A wit c 4'z4i 7 nn ��ti yaSFCl An Izd ly'n L nQ hQ Y C Send to Oregon Action 33 N.Central Ave #303 Medford,0 97501 541-772-4029 iich @ore actio n.org C� y � Oregon A° °° Petition to the City of Ashland for Responsible Banlang Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with Irresponsible Wall Street Banks. Banking locallywill keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. Anew request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL am I /7h4/7 s�7' • TNn s ad l�U�iria./ J 5 r rit .- -70�L (4c1,+ S-t-_ .«, � d (\ t_".. r �' \ L 7 L I CQI � lip 4.t-4-,At 71'- a/a 2/5lA,4 x&n Q_ 0 wn alfi fa® Qo% Co Aj Arr a-i S a2(7 Send to Oregon Action 33 N.Central Ave #303 Medford,OR 97501 541-772-4029 rich @ regon on.org Oregon a°t'on Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAIME ADDRESS E-MAIL L - 1 o EJ� Q �6J 7 l I jJ� �G DCCcIYI w2l�i Al k�J{^� i_VN LT Wu `I G SN_-lLu h,4�J /'\f�iGnJ7 Oil :t'JA NSiG i\x I\S T� LM1hNi. �UM � "112 7C% WrJ lST O�� L� /JC•(� �9�.5 . h G.J�Y', lCL// 3 d �i✓fN tube in /q lie / 5h/. St ✓ /io Send to Oregon Action 33 N.Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregonaction.org Oregon petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should Immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL �TlvM Mc-Gt1,1-m� Lla1g SET/t�! CpKC� 15757 HW Svc- `l% Xh4 e- _ i 14e /067 45 Send to Oregon Action 33-N Ave #j03 Medford,OR 97501 541-772-4029 rich @oregonaction.org Oregon A°t'°n Petition to the City of Ashland for Responsible B We believe that the City of Ashland should utilize banking services with responsible local banks d9 Re business with Wall Street Banks. Banking locally will keep our city businesses. Therefore the Ashland City Council should immediately Pass a Responsible Banking resolution to stop doing its money circulating locally and provide loans for local current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL f � n C, G 1< r w c i ... � i. J , G ���� i I FL Send to Oregon Action 33 N.Cen �a m n t� <1'��C tral Ave #303 Medford,OR 975 1 541-772-4029 rich @ore ona 1 1 g ction.org tAcgt�%13n Petition to the City of Ashland for We believe that the City f Responsible Banlflng Resolution ty Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks, Banldng locally will keep our city businesses. Therefore the Ashland City Council should immediately circulating locally and provide loans for local current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland y pass a Responsible Banking resolution to stop doing its banks. N ME local ' ADDRESS ►- r% E-MAIL �':� Gt, yu�� h Send to Oregon Action 33 N. Central Ave #303 Medford,OR 97 � 5 1 541-772-4029 rich @oregonaction.org Oregon °�'°" Petition to the City of Ashland for Responsible B services with responsible anl{lI] irresponsible Wall Street Banks. g Resolution We believe that the City of Ashland should utilize banking businesses. Banking locally local banks and not do business with Therefore the Ashland City yhou keep our city money circulating locally and provide loans For local current banking with Bank ofAmerica. A new�requestforr banking service should be initiate banks. s pass a Responsible d be i Banking resolution to stop NAME d now addressed to Ashland and local ADDRESS E-MAIL `~ g c11J 0 CovOV SvZ- Pe AW L • Lr p, > - QltLV'I f yyt. net .206 Yry� �'.G� d o / n l �r K 2 /�7Sry Send to 0 e �` `�"�� v =.Lov.cA. , go Action 33 IV. Central Ave # 303 Medford R 9 01 CU 541- ►. Cl.� 029 rich @oregonaction.org i 3> L 4.( ✓ I L7-5 - o � �CA-�� � p Oregon - ZDZb a �'I�Q2c,�s, /1�7- �a�E:anpetition to `w � - ZZ the City of Ashland for Res We believe that the City Responsible ty ofAshland should utilize banking services BanlCing Resolution irresponsible Wall Street Banks. Banking locally with responsible local banks and not do business with businesses. Therefore the Ashland City Y wdl keep our city current banking money circulating locally and provide loans for local g with Bank ofAmerica. A new bankng service should be initiate banks. immediately pass a Responsible Banking resolution to sto NAME d now addressed to Ashland local ADDRESS en ADDRESS u Cis , Z 7 /J ° 2 Lay o U�/ f C X11 CC O�'Ln,��� c CcSl M // L2GrC pz. C76 - JoI nJ G U Send to o�gon Acti V 33 V �. � Central Ave # 3_p3 Me�f��� o&41-772-4029 rich r f�I' ' 7y�i/r `�, 1�"fit B( 17cJ @oregonaction.or$ L ®regon f°°t`°" Petition to the Ci tY of Ashland for Responsible We believe that the City of Ashland should utilize banking service s with re Banl{111 irresponsible Wall Street Banks. Banking local) b Resolution businesses. y will keep responsible local banks and not do business Therefore the Ashland City Council should immediately money circulating locally and provide loans for local current banking with g with Bank ofAmerica. A new request for banking service should be initiated now addressed o banks, NAME p doing its d to Ashland local ADDRESS C E-MAIL u, `. L .��� S LI Send to Oregon Action 33 N. Central Ave 4i 303 Medford, OR 97501 541-772-4029 rich @oregonacti6n.org Or ego n '��t1O" Petition to the City of Ashland for Responsible We believe that the City of Ashland should utilize banking services with responsible Banking g Resolution irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediate) t do business with current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local y pass a Responsible Banking resolution to stop doing its banks. NAME 1 ADDRESS � - E-MAIL ?c1�tt r Lock �2,r v ss )r ✓�n l�/ i '/� A� • (cil 77��,, �:�I �j 3 ,q 2 Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregon action.0r g Oregon '��t`°" Petition to the City of Ashland for Responsible We believe that the City of Ashland should utilize banking services with responbaBalll{ing'oRd Resolution irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately usiness with current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local y pass a Responsible Banking resolution to stop doing its banks. NAME ADDRESS ��� _ ( E-MAIL :3-7 / h� S 7 o f Cv1 t, �� P r� Viz, 3v� 5fi Send to Oregon Action 33 N. Central Ave #303 Medford, OR 97501 541-772-4029 rich @oregonaction.org ®regon Act"" Petition to the City of Ashland for Re We believe that the City of Ashland should utilize banking services with responsible Resolution l banks an irresponsible Wall Street Ranks. Banking locally will keep our ci ty money circulating locally and businesses. Therefore the Ashland City Council should immediate) d not do business with provide loans for local y pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland banks. NAME local a . ADDRESS �� rs C4-, dW1C- E-MAIL lhCZd l��C(. /rjS j' iJ z L� +J E � L C /J1 - � t3t� 46l� G�6rfllL1� �� c.P. his co G. . . aneIr,eWe66 ( P � I PA L) Send to Oregon Action 3311. Central Ave I l,U EF #303 Medford, OR 97501 541-772 2-4029 ic I i 1 rl l rich @oregonaction.org Oregon " Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS �7 E-MAIL L / /mod e- +n I �( �v� � � c� /nth Ecrurd �ti7McN�. Cv*12 i > Gl�tl� 92,7 V1u-4� e v Gu ct�ff�') a ),e6,d b0 ,-. 0 an Send to Oregon Action 33 N.Central Ave #303 Medford,OR 97501 541-772-4029 rich @oregonaction.org Oregon Petition to the City of Ashland for Responsible Banldng Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E-MAIL - w St - / 7� L%Cef � c¢ i e ue �tsq l�iLlo„v �l- sh Gob C a- k/ ka r? aka �V°ccc 3sa Cfcu s � (ti J Send to Oregon Actlon 33 N.Central Ave #!303 Medford,OR 97501 541-772-4029 rich Cooregonaction.org `�. Oregon fiction - Petition to the Ci 1.y of Ashland for Responsible B We believe that the City of Ashland should utilize banking services with responsible anhnb irresponsible Wall Street Banks. Banking local) businesses. Therefore the Ashland City Council should immediate) local banks and not do y will keep our city money circulating locally and provide loans for . current baniting with Bank of America. A new request for banking service should be initiated now add banks. Y pass a Responsible Baniting resolution to stop doi�,� NAME ressed to Ashland loL.. ADDRESS E-MAIL 05�u Ai f Send to Oregon Action 33 N. Central Ave #303 Medford, OR 97501 541-772-4029 rich @oregonaction.org F Tn°" Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its current banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME A 1 DDRESS E-MAIL i u r�S/ i" i t cam ( S LA ' Z t 3 Lt / Z SAC � 7 Send to Oregon Action 33 N. Central Ave # 303 Medford, OR 97501 541-772-4029 rich @oregonaction.org Oregon Petition to the City of Ashland for Responsible Banking Resolution We believe that the City of Ashland should utilize banking services with responsible local banks and not do business with irresponsible Wall Street Banks. Banking locally will keep our city money circulating locally and provide loans for local businesses. Therefore the Ashland City Council should immediately pass a Responsible Banking resolution to stop doing its c r:ent banking with Bank of America. A new request for banking service should be initiated now addressed to Ashland local banks. NAME ADDRESS E—MAIL = rdv\ lei 7--); IIb� 1Ac� SSi � t"� a .�'7 t7 G 7S 30 �C_ , s � g4, =Z �ti�,; �� ►� �1< a� ��z 2 .f C�la�.�t�� � �� <�� , J L'1 Ll ( L� L "VC1 �5 A Z-G j tJCr. -C ti CO . Cl U 2-j J Send to Oregon Action 33 N. Central Ave­# 303 Medford, OR 97501 '541-772-4029 rich y @oregona ti .o g i cO". +23 Cad l S —� a 3 - fit, s � C;HS` � �SieN 1 _ I i i f I f ii 1 i I ii AN Lai- j