The National Community Reinvestment Coalition and dozens of Chicago region community reinvestment stakeholders, including Woodstock Institute, met outside Wells Fargo offices in Chicago to demand “Jobs & Homes Now!”
The groups joined workers from Quad City Die Casting in Moline, IL to call on Wells Fargo to save their jobs and keep their plant open. Like small businesses around the country, Quad City Die Casting needs credit for day-to-day operations. But Wells Fargo, which received $25 billion in federal bailout funds, has, to date, refused to extend Quad City’s line of credit. As a result, a plant closing has been announced for July 12, eliminating nearly 100 works. In response, rally participants engaged in chants such as “You got bailed out, We got sold out!” as passing cars honked in support.