Tuesday, October 27, 2009

Thousands Protest Against Bankers Looting the Public Purse

Chicagoans came out in thousands today to protest against banks at the American Bankers Association meeting. At this point we need several such peaceful protests between now and December, if we are to expect some "real" change in the banks behavior. Given that the tax payer just rescued several of the too-big-to-fail institutions from going over the cliff, the banks attitude towards granting yet bigger bonuses to their employees while at the same time denying loans to small businesses and consumers is simply outrageous.

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