As financial reform legislation stalls in the Senate for the moment and embattled Goldman Sachs CEO Lloyd Blankfein testifies today before a congressional subcommittee, faith-based organizations and religious leaders are mobilizing for stronger regulation of Wall Street.
Faith, labor and community groups will march through San Francisco's financial district today to attend Wells Fargo's annual shareholder meeting. A delegation will address the bank's top executives and demand changes to corporate practices that have bankrupted families while enriching a privileged few. Tomorrow, faith and labor leaders will gather at Bank of America's shareholder meeting in Charlotte, NC and urge the bank's leadership to do a better job helping distressed homeowners refinance troubled mortgages. The Interfaith Center on Corporate Responsibility, a coalition of faith-based investors, recently challenged Citigroup to provide greater transparency about its derivatives trading. The Maryknoll Center on Global Concerns produced a You Tube video and web site