Showdown in Chicago: Thousands Protest Bankers

theddtank 3 months, 2 weeks ago on Twitter

AFL-CIO NOW BLOG | Showdown in Chicago: Thousands Protest Bankers: These brokers and bankers making money by tr.. http://bit.ly/1pl1hF

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IllegalsGoHome 3 months, 2 weeks ago on Wordpress

Congress all but guaranteed that the banks would NOT work for us when they forewarned them of upcoming regulations by giving them months in which to comply. The consumer ’safeguards’ that Congress put in place will be totally useless by the time the ‘comply by’ date rolls around. The banks are raising interest rates and lowering credit limits at an astonishing pace. And they aren’t just ‘going after’ their bad customers. Everyone, except of course their cronies, are paying the price for their poor judgment in lending to anyone with a pulse! I, like others, am sick and tired of seeing my credit score drop through no fault of my own. I have pretty much ceased using any credit cards. If I can’t pay cash for it and it isn’t a ‘can’t live without it’ necessity I don’t buy it. Unlike a year or so ago when I would ‘whip out the plastic’ for pretty much anything I wanted, need it or not! My goal? Pay ‘em off and put ‘em away! I won’t close the accounts though because even that doesn’t look good on that infamous ‘credit report’. ... See all content Hide content

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Steve Neubeck 3 months, 2 weeks ago on Wordpress

there Is a good book “Meltdown:The end of the age of greed byPaul Mason economics editor for the BBC’s “Newsnight” program.He equates the current fiscal crisis as a repeat of 1929 and suggested having banks become heavily regulated utilities to invest in communities.his focus was on North America and western Europe

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ChrisHorton 3 months, 2 weeks ago on Wordpress

“Our economy has been all but destroyed. We have to build a whole new one, based on good jobs, not on bad debt.”

What a challenge! Brave words and true! It’s time to think outside the box- cause there ain’t much left inside this box no more!

How to pay for building “a new economy, based on good jobs not bad debts”? With Federal Reserve Notes - dollars - borrowed by the government from the Fed? Notes issued by the Fed, a private “zombie” bank that’s been issuing trillions and trillions of dollars worth of promises to the banks and insurance companies, and which isn’t bankrupt only because the rush for the exit hasn’t yet become a panic?

The truest voice of the working people in Congress, Dennis Kucinich, has pointed to the way forward: stop trying to salvage the financial system - no more bailouts - cut the whole rotten thing loose from the real economy and let it go. Then directly issue a new currency backed by the promise that it will be good for paying taxes, not by borrowing it into existence like we’ve been doing, but by spending it into existence directly, using it to pay for goods and services, putting people back to work.

We think taking on the health insurance industry is tough - wait till we hear them howling when we try taking on the whole financial system.

Impossible you say, and yet, it has to happen.

Too much for Obama to take on? It was in January, but won’t be if the working people understand the issue and know that for us it’s life and death. It won’t be if we’re solidly behind him! ... See all content Hide content

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editorialchick 3 months, 2 weeks ago on Wordpress

Wealth accumulated without work is theft. These brokers and bankers making money by trading paper are not working.

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uberVU - social comments 3 months, 2 weeks ago on Wordpress

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This post was mentioned on Twitter by PeoplesWorld: AFL-CIO: Showdown in Chicago: Thousands Protest Bankers http://bit.ly/2Hm4p6...

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sharkeykevin 3 months, 2 weeks ago on Wordpress

Why does the AFL-CIO form the mother of all credit unions and have the fruits of our savings come back to us not Wall St. gamblers?

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Mitchell Hirsch 3 months, 2 weeks ago on Twitter

@aflcio President Richard Trumka to Bankers: "You have failed!" http://bit.ly/3gL7v6

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