Huge Protests Planned Across the US to Demand Financial Reform

Posted on Tuesday, April 27th, 2010 at 10:21 am by dpacheco

Protesters plan to send a message to the Senate that ordinary working people won’t stand for the kind of rapacious profiteering Goldman Sachs and other Wall Street companies specialize in anymore. They want real reform to ensure that there won’t be another financial collapse like the one that nearly took down the global economy in 2008. National People’s Action, with the help of the AFL-CIO, PICO National Network and others, is organizing thousands to launch the “Showdown on Wall Street!” protest on April 29.

From AlterNet:

Good thing Goldman Sachs reported its first-quarter profits on the popular pot holiday April 20. Because you had to be totally stoned to appreciate the sheer, corrupt elegance of its nearly $3.5 billion earnings.   

It’s hopefully Goldman’s last outrageous ripoff. The Securities and Exchange Commission filed fraud charges as recently as last week against the rapacious vampire squid of a bank. ”People are angry and frustrated with how the big banks drove our economy into the ditch, took billions in taxpayer funded bail-outs, and are now doing nothing to help fix the mess they created,” said Liz Ryan Murray, senior policy analyst at National People’s Action, which is marshaling thousands with the help of the AFL-CIO, PICO National Network and more to launch the “Showdown on Wall Street!” protest on April 29.  

“While we struggle with the foreclosures and unemployment their reckless and greedy behavior caused, they’re back to huge profits and obscene bonuses,” Murray said. ”We’re sending a message to these banks that enough is enough. The American people aren’t going to stand for it anymore, and we will continue to keep the pressure on until they change their behavior. We’re also sending a message to Congress that we’ve had enough of them putting the profits of Wall Street ahead of the needs of Main Street. We know the Senate will be listening and watching as thousands of American voters take to the streets to demand real reform.” 

Read the whole article here.

 
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