28
Mrz
2005

Bank must take stand for Third World

03/27/05

Banking giant J.P. Morgan Chase is under pressure to condemn millions of people to perpetual poverty. Thanks to the short-sighted surrenders of two of its competitors, J.P. Morgan Chase's management is now facing serious harassment by the activist group Rainforest Action Network, who wants to dictate the bank’s lending policies in the developing world. Last week, RAN expanded its campaign against the U.S. financial services industry into tony Greenwich, CT, to the very street where J.P. Morgan Chase's CEO, William Harrison, lives. RAN activists put up old-fashioned Wild West-type 'Wanted' posters featuring Mr. Harrison as 'Billy the Kid.' The posters criticized the bank for 'reckless investment in environmentally and socially destructive projects in dozens of countries' and urged Mr. Harrison's neighbors and friends to 'ask him to do the right thing...

//www.foxnews.com/story/0,2933,151446,00.html


Informant: Thomas L. Knapp
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