Community and labor organizations demanded Tuesday that banks and private equity firms pay California counties millions in overdue real estate taxes related to corporate acquisitions stemming from the economic crisis.
During a protest Tuesday afternoon at JPMorgan Chase's offices at 560 Mission St. in San Francisco, members of the Alliance of Californians for Community Empowerment, the Service Employees International Union, and other groups demanded to speak with a Chase representative.
Chase declined to send a representative to meet with the crowd of approximately 35, whose grievances included the unpaid taxes and other issues, including the costs to counties associated with blighted residential foreclosures, a decline in small business loans, and lost retirement savings due to reckless investments by financial institutions.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/08/10/BUN71ES0A8.DTL#ixzz0wGpQrKo1
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