On the 28th a large demonstration was held in Brighton outside the bank's North Street branch, a letter was handed in to the branch manager, thousands of leaflets were given out and two Barclays customers, after reading the leaflet, told picketers that they would close their accounts. A Barclays spokesperson, speaking to the Brighton Argus, said “Barclays Group provides financial services to the defence sector within a specific policy framework." One can only guess that framework is to generate as much profit as possible for themselves
On Saturday 28th November protests took place in Brighton, Wrexham and Cambridge as part of a day of action marking the launch of ,Smash EDO's 'Target Barclays' campaign.
Smash EDO have been calling for autonomous actions against Barclays Bank to force them to stop providing 'market maker' services for ITT Corporation on the NYSE. Smash EDO's site states 'Bankers and institutional investors are the glue that finances the state terror wreaked by the arms trade. Companies like EDO do not operate in a vacuum but are propped up by the networks of corporations and investors which constitute the global capitalist system which puts profit before peace, greed before people.'
As ITT’s market maker, Barclay’s acts as a ‘middle man’, purchasing shares from a seller and holding them until such a time as a buyer becomes available. This ensures the stability of ITT’s share price by allowing shareholders to sell off their assets at any time, even when a buyer is not immediately available, and vice versa. Barclay’s also profits from this enterprise, by selling ITT’s shares at a small markup, which nevertheless generates a considerable income when spread across large sales.
In Wrexham a picket was held outside the new local branch of Barclays and in Cambridge on the night of the 27th November a group of anonymous pixies scaled scaffolding above there local Barclays branch and carved the words "Barclays - £7bn in the Arms Trade" in six foot letters into tarpaulins. The message was still visible on the evening of the 28th.
Smash EDO's next big mobilisation is the REMEMBER GAZA SMASH EDO MASS DEMO JANUARY 18TH. Assemble at 1pm, Brighton, wear black.
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Comments
Hide the following 7 comments
No camera, no problem
29.11.2009 00:57
Anon
No camera, big problem.
29.11.2009 07:50
Besides, it was photographs and video that got the police into trouble over the G20 demo. Cameras are an essential piece of kit for activists these days, to publicise their activities and gather their own evidence.
Wotsit
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29.11.2009 14:14
active
Cover their faces.
29.11.2009 16:14
Wotsit
Bash The Tog!
29.11.2009 19:50
This liberal shit we have recently had were they have been tolerated is sickening, and thankfully coming to an end. Too many protestors are sick of having their pics published for all to see on the net and are starting to fight back (again).
Selfish togs are going to get what they deserve, and rightly so - fucking parasites who are little better than the police, the trots or the bosses.
{A}
Yes because it really helps build a good PR..
30.11.2009 00:07
You won't win public support by making yourselves look suspicious.
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30.11.2009 02:13
We aren't all liberal reformists - some of us have been around long enough to realise that getting the public onside isn't very important. Look at the STW marches in London, millions of people attending with a vast majority of the public "onside" and britain still declared war.
If public support means having your pic took by absolute tits who just want to build themselves a career in the "independent" media then most of us would rather do without it.
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