UPDATE: Play calls out big banks to help create jobs - WKOW 27: Madison, WI Breaking News, Weather and Sports

UPDATE: Play calls out big banks to help create jobs

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 By Brian Rodriguez - bio | email | Twitter | Facebook | Blog

MADISON (WKOW) -- JPMorgan Chase CEO Jamie Dimon was, all of a sudden, apprehended by a mob on the Capitol Square in Madison.

He was put on trial for issuing millions of dollars in bonuses after tax payers spent billions to bail his bank out.

"How do you plead?" asked the judge presiding on the fake trial on the corner of Wisconsin Avenue and Mifflin Street.

"Absolutely and completely innocent, you got nothing on me!" responded the man playing Jamie Dimon.

The play was fun and fictional, but its message was serious.

"Jobs are just crucial and there is no sector of the economy that is exempt from the economic pain people are experiencing," said Ken Volante, a member of Madison Teachers Inc. who played Dimon in the play.

The national movement put on by the labor group AFL CIO, demanded bailed out banks be taxed on things like bonuses and large transactions on Wall Street to create jobs.

"We bailed out Wall Street now its time for Wall Street to bail out Main Street," said Jim Cavanaugh, president of the South Central Federation of Labor.

The union groups want Congress to use the money banks have paid back to invest in projects like fixing roads and bridges, as well as investing in more green jobs.

"Also to take what's left or repaid of the Tarp money and let community banks have access to that money to make loans for small and medium businesses in our community," Cavanaugh said.

Some watched the whole show, others just for a little.

Even still, these actors say reaching a few people can go a long way.

"We need to show this is indeed our money , whether we pay taxes, whether we get furloughs whether we lose our jobs," said Joanie Kanter of Madison.

"I think we need to do as many actions as possible so the people who are suffering can be seen," Cavanagh said.

The AFL CIO movement also asks Washington to extend the Cobra insurance plan as well as unemployment benefits.

Not just for 30 days, but until the recession is over.

Other demonstrations like Tuesday's play are happening all across the country over the next two weeks.

JPMorgan Chase responded to our request for comment but choose not to participate in the story.

 

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By Brian Rodriguez - bio | email | Twitter | Facebook | Blog

MADISON (WKOW) -- A play is taking place in downtown Madison, calling out the big banks to help put people back to work.

Local union members took part in a performance that put JPMorgan Chase CEO Jamie Dimon on trial.

He was answering tough questions about the big bonuses given out during the major government bail out.

The message is "it's time for Wall Street to bail out Main Street."

The play is one of about 200 demonstrations being put on across the country over the next two weeks by groups with the AFL CIO.

It demands bailed out banks be taxed on things like bonuses and large transactions on Wall Street.

The union groups want Congress to use that money toward a new jobs program.

A plan that puts people back to work rebuilding roads and bridges, as well as expanding green jobs.

It also asks for congress to expand the insurance program Cobra and unemployment, not just another 30 days, but until the recession is over.

JPMorgan Chase responded to our request, but only to say they choose not to participate.

27 Reporter Brian Rodriguez will have the passionate reaction from those in the play.

The full story tonight on 27 news at 10pm.

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