Taking it to the streets
October 27, 2009 | alternatives, industry | Comments (0)In what seems to me to be a misguided effort to force banks to change. Seems to me these people are just venting:
The group, which included supporters from community group National People’s Action and the Service Employees International Union, has organized the protests to coincide with the annual meeting of the American Bankers Association. The group is demanding that “banks end their over-reliance on greed and profits and commit to using their taxpayer bailouts and backstops to help America’s economy recover,” said a news release from the Service Employees International Union.
The protests, similar to ones that have flared up in other cities throughout the financial crisis, pick up on popular sentiment that big banks are partly to blame for the financial crisis. Last week, a government pay czar proposed slashing compensation for bank executives whose companies received government bailout money.
“Over-reliance on greed…”? What does that mean?
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