ECONOMICS: Wisconsin Firefighters Take It From The Bank

Wisconsin Firefighters Spark

"Move Your Money" Moment

by: Mary Bottari  |  PR Watch | Report

Firefighters continue to be chief supporters of the Wisconsin labor movement even though they have not been targeted by conservative proposals to eliminate collective bargaining rights. (Photo: CindyH Photography / Flickr)

 

On the day that the bill passed the Wisconsin Assembly effectively ending 50 years of collective bargaining in Wisconsin and eviscerating the ability of public unions to raise money through dues, a new front opened in the battle for the future of Wisconsin families.

Bagpipes blaring, hundreds of firefighters walked across the street from the Wisconsin Capitol building, stood outside the Marshall and Ilsley Bank (M&I Bank) and played a few tunes -- loudly. Later, a group of firefighters and consumers stopped back in at the bank to make a few transactions. One by one they closed their accounts and withdrew their life savings, totaling approximately $190,000. See a video clip. After the last customer left, the bank quickly closed its doors, just in case the spontaneous "Move Your Money" moment caught fire.

The sedate, old fashioned M&I Bank on the Capitol Square has gained some notoriety in recent weeks. Oddly, a tunnel in the M&I parking garage links to the capitol basement. Dubbed the "rat hole" to the Walker palace, the tunnel was used by Governor Scott Walker to ferry lobbyists into the capitol building to hear his budget address during a time when the capitol was in a virtual lock down in defiance of a court order and after Sherriffs has quit the building refusing to be a "palace guard."

Now the bank is getting caught up in the controversy again. Word is beginning to spread that M&I is one of Walker's biggest backers. Top executives at M&I Bank have long been boosters of Walker. M&I Chief Executive Dennis Kuester and his wife gave $20,000 to Walker in recent years. When you package individual and PAC contributions by employers, M&I is number one -- at $57,000 dollars. The firm apparently uses a conduit to bundle much of its money to Walker. Flyers, webpages, and Facebook sites have popped up encouraging WI consumers to boycott Walker campaign contributors and "Pull the Plug on M&I Bank." Other banks whose employees have donated large sums to Walker, such as Associated Bank and North Shore Bank may also be seeing their customers soon.

ECONOMIC TRANSPARENCY

Joe Conway, President Madison Fire Fighters Local 311, explained to CMD that the action was totally spontaneous, but that "economic transparency" was going to be a big theme in the fight ahead. "Groups will be sending letters to Walker's major donors giving them the opportunity to support the teachers, firefighters and police in their community." Conway is well aware that new polling shows that 74% of Wisconsin families support collective bargaining rights for public workers.

Two of these letters are already in the mail to M&I Bank and Kwik Trip. "The undersigned groups would like your company to publicly oppose Governor Walker’s efforts to virtually eliminate collective bargaining for public employees in Wisconsin. In the event that you cannot support this effort to save collective bargaining, please be advised that the undersigned will publicly and formally boycott the goods and services provided by your company," the letter says. "However, if you join us, we will do everything in our power to publicly celebrate your partnership in the fight to preserve the right of public employees to be heard at the bargaining table."

The letters are signed by the heads of the Wisconsin Professional Police Association, the Professional Fire Fighters of Wisconsin, the International Association of Fire Fighters Local 311, Madison Teachers Inc., Dane County Deputy Sheriffs Association and the Madison Professional Police Officers Association.

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JUST THE BEGINNING

Walker's list of campaign contributors is already in wide circulation on websites like "Scott Walker Watch" and fast-growing Facebook pages like "Boycott Scott Walkers Contributors". These grassroots efforts are backed up by solid names and numbers extracted from the Wisconsin Democracy Campaign (WDC) database, a nonpartisan, nonprofit organization that tracks money in politics.

The WDC data shows that Walker's major contributors include a diversity of national and state-based firms including Koch Brother Industries, AT&T, Walmart, John Deere Tractor, Johnsonville Brats, Miller/Coors, Kwik Trip, Sargento Cheese, and SC Johnson & Sons (producers of Windex, Glade, Pledge etc). The letter writing effort is being undertaken not to put people out of work, but to encourage workers to let their bosses know it is time to reconsider their support for Walker's newly revealed radical agenda.

Sam Hokin, a Wisconsinite and small businessman who started the Facebook page in the early days of the protest, put the strategy bluntly: "The only thing the Republicans care about is money. The only way you can touch them is through their revenue. They don't care about signs and protesters. They don't care about the opinion of the majority of the people in the state, their bottom line is money." Unions, pension funds, cities and counties and average consumers bank at these banks and support these firms by buying their products and services. They have tremendous clout in Wisconsin's small economy.

GREATEST HEIST IN HISTORY

Wisconsin workers are keenly aware that they are part of a historic push back that is spreading from state to state. After $14 trillion dollars of housing wealth, wages and retirement savings were taken from the middle class during the 2008 financial collapse, workers are being asked to take it on the chin again. Michael Moore put it best: “We aren't broke. Wisconsin is not broke. The country is awash in wealth and cash. It’s just that it’s not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the über-rich.”

M&I Bank is in the process of being bought by a Canadian bank. It took $2 billion in TARP bailout money from the taxpayers and have yet to pay it back. "They [state Republicans] came in like the Grim Reaper to drive a knife into the heart of labor," yelled Jim Garity at a recent rally. Garity is a unionized Jefferson County Highway Department worker and leader. "But we are going to stand and we are not going to bleed. Governor Walker's plan is to give more money to Wall Street, but we are going to take back our money from Wall Street and put Main Street to work!" Walker's recent moves include over $200 billion in tax cuts for corporations while stripping $1 trillion from Wisconsin schools and local governments.

The "take it back" movement is gaining steam. At the federal level, AFL-CIO, SEIU are joined by consumer groups in a fight to apply a small [financial transaction tax] to damaging Wall Street speculation in order to recoup over $100 billion dollars a year for job creation and other essential needs.

IT'S ABOUT POWER

Walker's collective bargaining bill not only seeks to gut a 50 year tradition in the state where public unions started, but by doing away with automatic check off for union dues he seeks to cripple the the ability of public sector unions to hire employees to organize, grow and be a force in Wisconsin politics. State Senate Majority Leader Scott Fitzgerald, one of Walker’s closest allies in the legislature, admitted as much to FOX News. "If we win this battle, and the money is not there under the auspices of the unions, certainly what you’re going to find is President Obama is going to have a much difficult, much more difficult time getting elected and winning the state of Wisconsin," said Fitzgerald.

While some hold out hope for a general strike and vigorous recall efforts are underway, others remain focused on leveraging the power of the "sleeping giant" to force Walker to back down and to prevent devastating cuts to schools and municipalities. Stay tuned. This fire might be hard to contain.

 

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578 COMMENTS

 Ladies and Gentlemen,

    M & I Bank of Wisconsin has committed an unpardonable offense. This bank took bailout funds and thanks to the magic of Citizens United our own tax dollars flowed through their executives hands into the coffers of Scott Walker's gubernatorial campaign. We haven't dug deeply yet, but I think when we do we're going to find that we no longer have Russ Feingold's voice in the Senate because of this as well.

   The mainstream media isn't covering it, but I'd like to show you a few images of what poetic justice looks like ...

(UPDATE 3 - M&I has made a weasely statement. I've placed it at the bottom of the diary)



   What these pictures show are six hundred ordinary citizens descending on the M&I branch near the Wisconsin Capitol after learning of their purchase of the gubernatorial election last November. Two firefighters with old school ideas about saving had over $600,000 between the two of them and they demanded cashier's checks on the spot.

   Not everyone has the purchase price of a couple of homes sitting in the bank, but if the 60% of Wisconsin that's sick to death of Scott Walker's behavior simply go close their accounts the bank will crash and they'll have stripped him of the funds he needs to fight the recall next January.

   A couple of people have the documentation and my money is on @Karoli over at Crooks & Liars getting the job done first. I'll come back and post the first good piece I see. I'm trying to get this out and keep it tidy - look in one of the comments and I'll provide some of the links the researchers sent me, so those inclined to do their own digging can get started.


   You know what really chaps my ass here? All week we've been seeing Tea Party trolls saying "It's not fair that public employees take our tax dollars and use them in elections."

   On behalf of all of us who work for a living, unlike those fools with their misspelled signs being bussed around by Koch Brothers I'd like to say ...

UPDATE #1

   According to this other rec list diary Bank that funded Walker, now closed, the specific branch near the Capitol is closed to avoid a run and the amount withdrawn by the firemen was only $192,000. I think that means random citizens pulled another $400,000 out on their own.

    Looks like Susie Madrak over at C&L got to them first with Wisconsin Unions Call For Boycott Of Local Bank Over Walker Support, Withdraw Funds

   OK, here is a fine link on who needs a spank over all of this - Scott Walker Watch's Boycott list. Spread this far and wide.

    They have a Facebook page for Boycotting Scott Walker Contributors as well.

UPDATE #2

    Per Jake's front page piece there is now a campaign to hold this bank and its executives accountable.

     And I have provided the CEO, Mr. Mark Furlong with a nice bit.ly present so we can refer to him in shorthand.


UPDATE #3:

   The bank in question, Marshall & Ilsley, issued a most unimpressive statement.

 
MILWAUKEE, March 11, 2011 PRNewswire -- M&I Bank (M&I) today issued the following statement in response to a letter it received from a union group threatening to boycott M&I if M&I does not publicly oppose Governor Walker's budget repair bill.
M&I has not taken, and will not take, a position either for or against the budget repair bill. As M&I has publicly stated before:

M&I has not contributed to any candidate and did not contribute to Governor Walker or Mayor Barrett in the last gubernatorial election.

M&I has over 6,000 employees in Wisconsin, and, in the great tradition of political freedom in this country, those employees have the right to contribute to the candidate of their choice.

M&I employees contributed to both Wisconsin gubernatorial candidates in the last election.

M&I is proud of our tradition of standing with teachers, nurses, police officers, fire fighters, and other dedicated public employees to support, improve, and grow Wisconsin communities. M&I has 188 branches in cities, towns, and villages throughout Wisconsin, and M&I employees work side-by-side with these dedicated public employees in civic endeavors across the state.

  So, it wasn't the bank, it was the sleazy executives. So, when do we see copies of their pink slips?


   Here are some funny activists at the M&I headquarters in Milwaukee ...

   This is just silly but quite apropos ...

ORIGINALLY POSTED TO STRANDED WIND ON FRI MAR 11, 2011 AT 10:37 AM EST.

 

>via: http://www.dailykos.com/story/2011/03/11/955214/-Were-Going-To-Destroy-A-Bank