skip to main content
skip to newscasts

Wednesday, April 24, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

view newscast page
play newscast audioPlay

The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

view newscast page
play newscast audioPlay

Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Protesters Want Accountability from Minnesota's Big Banks

play audio
Play

Wednesday, October 12, 2011   

MINNEAPOLIS - Jobless workers joined labor leaders Tuesday, calling on Minnesota's biggest banks to help jump-start the state economy by investing in job creation and lending to more small businesses.

One of the protesters, LeAnn Bosquez of Maple Grove, says big banks received trillions of dollars in the bailout from a financial crisis she says they helped create.

"Big banks were pushing horrible mortgages. People were not understanding how they were working, and they got into them - which crashed the economy, which cost us jobs."

Bosquez, who lost her job during the recession, says she's still looking for work despite extensive experience in the financial industry and with business management.

"I've turned companies around. I've taken successful companies and grown them. I have a fantastic background. When I have applied for jobs, when I have followed up and talked to someone, they say 'Oh, I'm so sorry. We had over 300 people apply for that job and we've been trying to get back to all of our applicants, but there are just so many, it's hard.' "

Before the financial collapse, Bosquez says, the handwriting was on the wall, but banks just kept pushing for profits.

"I, as a citizen, knew that there were going to be massive foreclosures, and if I was able to figure that out, there's no way I would believe that banks and Wall Street didn't know that also."

The Minnesota AFL-CIO cites independent research which shows that in the past four years, Minnesota's biggest banks - Wells Fargo, US Bank and TCF - have cut their small-business lending by nearly 70 percent.

More details on the protest are online at mnaflcio.org.


get more stories like this via email

more stories
Creedon Newell practices teaching construction skills in Wyoming's new career and technical educator bridge course, designed to encourage trades students and professionals to pursue a career in CTE teaching. (Photo by Rob Hill)

Social Issues

play sound

By Lane Wendell Fischer for the Shasta Scout via The Daily Yonder.Broadcast version by Suzanne Potter for California News Service for the Public News …


Environment

play sound

By Naoki Nitta for Civil Eats.Broadcast version by Suzanne Potter for California News Service reporting for the Solutions Journalism Network-Public Ne…

Social Issues

play sound

Concerns about potential voter intimidation have spurred several states to consider banning firearms at polling sites but so far, New Hampshire is …


Though Connecticut's benefits cliff persists, there are other programs helping people maintain benefits of some kind when their income pushes them over the limit. (Adobe Stock)

Social Issues

play sound

Today, groups working with lower-income families in Connecticut are raising awareness about the state's "benefits cliff" with a day of action…

Social Issues

play sound

Texas Lieutenant Gov. Dan Patrick has released 57 "interim charges," the topics he wants Senate committees to study in preparation for the 89th …

It is estimated the Wild Springs Solar Project in New Underwood, South Dakota, will offset 190,000 metric tons of carbon dioxide emissions per year. (Adobe Stock)

Environment

play sound

The construction of more solar farms in the U.S. has been contentious but a new survey shows their size makes a difference in whether solar projects …

Social Issues

play sound

Minnesota's largest school district is at the center of a budget controversy tied to the recent wave of school board candidates fighting diversity pro…

play sound

Minnesota lawmakers are considering a measure which would force employers to properly classify certain trade union workers and others as employees rat…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021