Activists Protest "Bailout Bandits"

[Omaha Steve]

http://www.laborradio.org/node/12046

Submitted by Jesse Russell on September 25, 2009 - 2:45pm

Lede: In dozens of cities this week workers and community activists are protesting the big bank “bailout bandits” and calling for real reforms that will protect working families. Doug Cunningham reports.

By Doug Cunningham

Jobs With Justice spokesman Ricardo Valadez says among the demands are healthcare reform, re-regulation of the financial industry, housing reforms and a jobs creation program. Valadez says the hundreds of billions of tax dollars used to bailout big banks like Bank of America, JP Morgan Chase, Citigroup and Wells Fargo are not helping Main Street’s working families.
Jobs With Justice is also protesting the G-20 economic summit in Pittsburgh.

: “We’re there particularly to call attention to the trade and economic policies that hurt working people. We were promised by the banks that them being bailed out would be good for the American worker. And we have not seen that to be the case. We warned that that wouldn’t be the case and here we are a year later with record unemployment going toward ten percent.”

Jobs With Justice is urging people to put pressure on politicians to come through with strong regulations of the financial industry while passing other reforms that really help working families.

: “It’s our elected officials who make the policies that allow the banks to act the way they do. And so there are a number of legislative congressional fixes to some of this, including re-regulation of the financial industry.”

[joeycola]

1. Best to all out there fighting the good fight.