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Posts with the tag Chrysler

In a shattered economy where more and more workers are finding themselves stripped of that title, every day, is there any room for greed? We would hope that the answer should be a firm, resounding “NO!” but it seems as though JP Morgan Chase feels differently.

In fact, the banking giant that has already received a substantial bailout, courtesy of the American taxpayers, disagrees so adamantly that it is on the verge of throwing Chrysler off the deep end and effectively putting as many as 300,000 American auto workers out of their jobs. Chase carries a large part of Chrysler’s debt, and the bank is refusing to negotiate with Chrysler on its debt, threatening to force the auto company into bankruptcy – a move that will not only make thousands of jobs for hardworking middle class families vanish, but will disrupt health insurance coverage for current workers and Chrysler retirees, too.

In a recent story by the Free Press, Governor Granholm even called out the major banks, arguing that “any banks that received rescue money from the federal government should be open to concessions on the Chrysler debts they hold.” This includes JP Morgan Chase.

In light of this despicable and reprehensible behavior, Progress Michigan (in conjunction with Fire Dog Lake) is calling for a boycott of JP Morgan Chase. In order to support the hardworking middle class auto workers who make this country great, we are encouraging you to close down your Chase bank account and to cut up your Chase credit card. Even if you don’t have an account with Chase, you can still sign our petition of solidarity and show that you are standing strong for the American middle class.

It’s time we stopped letting powerful special interests accept taxpayer dollars while walking all over the hardworking middle class. Join our boycott of JP Morgan Chase today and send a signal to the banking giant that we’re serious and saving our working families and auto employees.

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