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News ::
MIT students say "No" to Citibank
26 Sep 2000
MIT students Fax-In to Citibank, deeming it the World's Most Destructive Bank. Students demanded that Citibank stop funding environmental destruction and pledged to vigorously oppose Citibank's Presence on Campus.
MIT students and area activists gathered on MIT campus today to urge students and community members to not sign up for Citibank credit cards. Students were encouraged to fax a letter to Citibank on the spot and tell the company that as students, and often customers, they will not tolerate Citibank using their dollars to fund environmentally destructive projects.

Over 400 student signatures have already told Citibank to leave MIT until they stop funding environmental destruction. Over 100 have called into Citibank directly and demanded accountability, stating they did not want a Citibank credit card until the corporation cleaned up it’s lending practices

“MIT is an important recruiting pool for Citibank, and this direct action shows that students at MIT and around Boston care about where their money goes. They are adamant that their money not be used to underwrite the destruction of the global environment and Boston communities,” said Christopher Lucas, a Green Corps Organizer working with the Rainforest Action Network in Boston. “From Redwoods to Red-lining, Prisons to Pollution, Citibank is truly the world’s most destructive bank.”

A large “Spank the Bank” banner was hung and information was passed out to MIT students urging them to know where their money goes and oppose Citibank’s presence on their campus. They were then given a letter to sign or a fake “bill” which they could sign and fax to Citibank. Students were also invited to attend a press conference to be held on October 17th at the Salmon Smith Barney Offices on State Street.

This was the second event in a series of action events planned for the snowballing Citigroup Boycott Campaign, which is spearheaded by the Rainforest Action Network

MIT has a history of intimate involvement with Citigroup, Citibank’s parent corporation, making MIT and Boston area campuses strategic and effective locations for this campaign.

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