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Posts Tagged ‘no bailout’

Housing Advocates Call to “Bail Out Main St., Not Wall St.!” at Federal Reserve Protest

Posted by smeddum on September 26, 2008

Housing Advocates Call to “Bail Out Main St., Not Wall St.!” at Federal Reserve Protest
by Jason Pramas (Independent), Sep-26-08 Housing Leather District openmediaboston

BOSTON/Leather District – As an immediate response to the growing financial crisis and the sub-prime mortgage scandal which was its major trigger, 30 people from local housing advocacy organizations and unions gathered in front of the Federal Reserve Bank of Boston on Tuesday to demand a federal bailout for working families instead of financial services companies. The event was organized by the Boston Chapter of the Association of Community Organizations for Community Reform Now and the Massachusetts Alliance Against Predatory Lending. Read the rest of this entry »

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Video:No cash for trash

Posted by smeddum on September 26, 2008

More at Godlikeproductions

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Wachovia Slumps After WaMu’s Seizure, Bailout Impasse

Posted by smeddum on September 26, 2008

Wachovia Slumps After WaMu’s Seizure, Bailout Impasse
By Linda Shen and David Mildenberg

Sept. 26 (Bloomberg)

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The pressure on Capitol Hill has all the making of a high drama; it looks to me that it will not be the bailout at issue but the type of bailout and how it should be sold to the public. In other words how to pull off the scam

— Wachovia Corp. and National City Corp. slumped after negotiations on the government’s financial bailout stalled and Washington Mutual Inc. was seized by regulators and sold to JPMorgan Chase & Co. Read the rest of this entry »

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2 rallies today to protest Wall Street bailout

Posted by smeddum on September 26, 2008

2 rallies today to protest Wall Street bailout democratandchronicle

Groups of activists are organizing a pair of local protests in downtown Rochester and Palmyra to decry the proposed $700 billion federal bailout of troubled Wall Street financial firms. Read the rest of this entry »

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Wall Street Should Be Looking for Bail, Not a Bailout

Posted by smeddum on September 26, 2008

“Wall Street Should Be Looking for Bail, Not a Bailout”
LIUNA Opposes Any No-Strings Raid on Taxpayers; Calls for Congress to Seize the Opportunity to Build America So America Works Again Wall Street Journal Marketwatch

Last update: 3:42 p.m. EDT Sept. 25, 2008

WASHINGTON, Sep 25, 2008 (BUSINESS WIRE) — As the Bush Administration and Congress craft a $700 billion Wall Street bailout, LIUNA — the Laborers’ International Union of North America — is rejecting any no-strings raid on taxpayers and calling on Congress to seize the opportunity to build America. Read the rest of this entry »

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Bailout Outrage Races Across the Web

Posted by smeddum on September 26, 2008

Bailout Outrage Races Across the Web
The Internet is flooded with angst about Treasury Secretary Paulson’s proposed $700 billion bailout—and inspiring old-fashioned street protests

by Moira Herbst Business week

Arun Gupta was enraged as he learned the details of Treasury Secretary Henry Paulson’s plan to fix the U.S. banking system with $700 billion in taxpayer funds. The 43-year-old copy editor and freelance journalist, who publishes his own alternative newspaper, The Indypendent, needed to channel his angst but couldn’t find a live protest to attend. So on Sept. 22, he sent an e-mail to some politically active friends in New York. Within days, they’d planned a protest against the bailout in New York and at 80 other locations in the U.S. on Sept. 25. Read the rest of this entry »

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House Republicans Undercut Bush on Rescue, Slow Talks

Posted by smeddum on September 26, 2008

House Republicans Undercut Bush on Rescue, Slow Talks
By Alison Vekshin and James Rowley

Sept. 26 (Bloomberg) — Negotiations on the $700 billion rescue of the U.S. financial system stalled as House Republicans undercut the Bush administration and left it to congressional leaders to hammer out a compromise to calm markets. Read the rest of this entry »

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Video: Wall Street “No Bailout” protests

Posted by alfied on September 26, 2008

Protests have started in Dublin too. No movement in Britain yet.

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Hundreds of Economists Urge Congress Not to Rush on Rescue Plan

Posted by smeddum on September 25, 2008

Hundreds of Economists Urge Congress Not to Rush on Rescue Plan
By Matthew Benjamin

Sept. 25 (Bloomberg) — More than 150 prominent U.S. economists, including three Nobel Prize winners, urged Congress to hold off on passing a $700 billion financial market rescue plan until it can be studied more closely. Read the rest of this entry »

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Labor unions protest in New York against bailout

Posted by smeddum on September 25, 2008

Labor unions protest in New York against bailout
Thu Sep 25, 2008 4:32pm EDT
By Christian Wiessner

NEW YORK (Reuters) – Hard hats, transit workers, machinists, teachers and other labor unionists railed against the U.S. government’s proposed bailout of Wall Street on Thursday in a protest steps from the New York Stock Exchange. Read the rest of this entry »

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Citizens Dumping Personal Junk on Wall Street to Protest Bailout

Posted by smeddum on September 25, 2008

Citizens Dumping Personal Junk on Wall Street to Protest Bailout
By Sarah Lai Stirland, Wired.com
Posted on September 25, 2008, Printed on September 25, 2008
http://www.alternet.org/story/100230/

An e-mail that began as a rallying cry from a lone journalist to an influential circle of friends to protest the U.S. government bailout of Wall Street has ignited a national day of street protests. Some demonstrators plan to dump their rubbish in front of the bronze bull sculpture near Wall Street in downtown Manhattan Thursday. Read the rest of this entry »

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