I pledge to Boycott Bank of America until they renegotiate toxic swaps that have cost Chicago Public Schools and the City of Chicago more than $1 billion. I also ask that the Illinois Attorney General, Lisa Madigan, begin public hearings to investigate the tremendous financial damage caused by toxic swaps on Chicago and our schools.
Why is this important?
I work for the Chicago Teachers Union. We are outraged that the Chicago Board of Education has known for four years that these toxic swaps with Bank of America were putting a tremendous strain on the school budget.
However, despite being briefed, warned and provided ample information, they did nothing.
We are taking matters into our own hands and giving the people an opportunity to create meaningful change and hold Bank of America accountable.
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