We have many Halls of Fame in the US: every sport has one and there’s one for rock and roll. However, sometimes we need to “honor” those who are the worst of the worst, to call attention to their abuses and hopefully get them to change course while getting people to consider alternatives. In those cases, we need a Hall of Shame. Based on its proven capacity to do harm to the United States and the world, we think no industry deserves a Hall of Shame more than banking.
As part of Green America’s Break Up With Your Mega-Bank Campaign, we’re now launching the Mega-Bank Hall of Shame. We’ll be periodically adding financial institutions to the list and taking nominees from readers. We’re launching the Hall of Shame with Citigroup, one of the largest banks in the world.