Sep 29, 2014
The city of Los Angeles recently disciplined more than 100 sanitation truck drivers for protesting deals between Los Angeles and Wall Street banks. In early July, drivers with their trash and wastewater trucks had staged a protest at downtown L.A.
The city of Los Angeles last year handed over more than 290 million dollars to Wall Street. These mostly bloated and inventive fees are the tip of the iceberg of the taxes funneled to the Wall Street banks and firms. The amount paid by the city in fees to the banks was almost double the 163 million dollars the city paid out for maintenance and repair of its streets.
After the protest, City Council member Bernard C. Parks said, “I don't know if you could have a more blatant misuse of city resources than to demonstrate in city vehicles, using city gas, on city time ... And at the same time, [they were] blocking ... the financial industry from getting to work.”
Yes, there has been a “blatant misuse of city resources” – by Parks and the rest of the City Council who gave away public money to the benefit of Wall Street banks.