Our Wealth
Franklin Delano Roosevelt wrote that ‘great power involves great responsibility’.
Few American institutions have greater power than our banks. With the ability to create or shrink credit, they delimit what we have to spend. By influencing credit ratings agencies, they help define the rates at which our government can borrow. By, quite literally, putting our money in their hands, they determine the fortunes of Minnesota’s families like few other institutions. When giving this trust, we should expect high standards in return, the kind of standards our Hmong Organizing Program helped define around new development in St. Paul.
We are working with our organizational partners at Minnesotans for A Fair Economy, Make Wall Street Pay, and the New Bottom Line to hold banks accountable to the standards our communities ought to expect.