3/22/2007

Barclays Bank Boycott to Protest Eminent Domain Abuse: The Libertarian Party of New York, 3/19/07

News release

New York Libertarian Party leaders Richard Cooper and Gary Popkin call for a nationwide boycott of Barclays Bank due to its participation in the eminent domain abuse scheme of Brooklyn's Atlantic Yards. Barclays, a British bank with branches in America, agreed to pay the developer Forest City Ratner over $300 million for naming rights to the Nets basketball team's arena over a thirty-year period. Libertarian State Chair Cooper notes that millions of Americans were outraged by last year's Kelo decision by the Supreme Court upholding eminent domain transfers to private developers. The Libertarians offer an opportunity to demonstrate opposition in a material way.

Brooklyn-Queens Libertarian Party Chair Popkin dubs "..the Barclays participation in eminent domain is an outrage as a private enterprise disrespecting property rights." Popkin notes that controversy was stirred in Brooklyn because of the sordid past of the British bank in the slave trade. He declares that "The actions of the bankers of centuries past do not taint the arena. It is participation in the eminent domain scheme that taints whoever participates in it."

Cooper continues, "To Libertarians, corporate sports welfare and eminent domain abuse are legalized theft, stealing from taxpayers and landowners. Barclays chose to become an accomplice of Bruce Ratner. They should both bear the outrage of indignant Americans who favor freedom and justice."

The Libertarian Party of New York has fought eminent domain that would have dispossessed St. Luke's Pentecostal Church on Long Island and a neighborhood in New Rochelle to make way for an Ikea Swedish furniture store, besides the NY Times headquarters scheme that Cooper dubbed "Time$cam." Cooper and Rev. Fred Jenkins of St. Luke's will speak on the church's victimization and how the Libertarian Party helped them at the state convention to be held Saturday, April 28th at the Radisson MacArthur in Holtsville, Long Island.


Libertarian Party of New York: http://www.ny.lp.org