Protests rock Chicago bankers conference

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CHICAGO — Chanting "ABA you're the worst, time to put the people first," over 1,000 people confronted the officers of some of America's biggest banks today, Oct. 26, on the second of three days of protest during an ABA (American Bankers Association) conference. Tomorrow on the third day thousands more, including AFL-CIO president Richard Trumka and Change to Win president Anna Burger, will demonstrate in the name of taxpayers, retirees, family farmers, clergy, workers, students, homeowners, and community allies.

Today's protest also included protesters taking over the lobby of Goldman Sachs Chicago Headquarters demanding that the officers accept a letter from people hurt by their policies. Protesters carried signs demanding rigorous re-regulation of banks and financial institutions and for breaking up the biggest banks deemed "too big to fail."

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  • I am disappointed there were not enough signs condemning the President for his bailout of the banks. If we wish to be truly to the left we must hold everyone accountable.

    Posted by detectivetom, 10/29/2009 4:03am (4 years ago)

  • By "old way," I assume you mean "from a partisan Marxist-Leninist perspective".
    It's great to see people organizing against the banks. However, re-regulation and letters aren't going to produce the results that workers need. A Marxist analysis would point out that greed or a lack of virtue isn't the problem; capitalism is. The logic of the capitalist system is the driving force behind the actions of these bankers and the rest of the bourgeoisie. As the Party press, it's PW's job to point that out. Reporting on these struggles is important, but we have to combine that with a solid Marxist critique, in order to push the struggle to the next level.

    Posted by Nicholas Hewko, 10/29/2009 1:00am (4 years ago)

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