Tag Archives: Bank Bailout

March for Jobs at the G20! | Bail Out the People Movement

march4jobsWhy are we demanding jobs or income at the G-20 Economic Crisis Meeting in Pittsburgh in September?

30 million people in the U.S. are unemployed or underemployed – We say NO!

 

 

What is the G-20?

It’s a group of Treasury officials and central bankers from 20 countries, the International Monetary Fund and the World Bank. Its goal is to protect bank profits, whatever it costs the people of the world.

The U.S. delegation is led by Treasury Secretary Timothy Geithner and Ben Bernanke, head of the Federal Reserve System (The Fed). They organized a bailout of the banks, insurance companies and stock brokerages that totals $12.6 trillion–or $42,105 for every adult and child in the U.S.

How much is a trillion dollars? It is 1,000 billion. And a billion is 1,000 million.

The Federal Reserve controls this money, yet most people have never heard of it. The Fed has seven governors, all bankers, appointed by the U.S. President for 14-year terms. George W. Bush appointed Bernanke Chairman of his Council of Economic Advisors and then head of the Fed. The Fed operates in secrecy, even from Congress, yet makes decisions affecting whether we work, have homes, or eat.

Geithner, the former chief of the NY Federal Reserve Bank, worked with the Fed under the Bush administration to devise the bank bailout. He invented the Troubled Assets Relief Program (TARP) and eight other programs to funnel taxpayer money into the banks. His top aide is from Goldman Sachs Bank. He changed bank regulations to prohibit congressional audits of the Federal Reserve.

Who is representing the people at the G20 conference? No one!

Profit recovery for banks –
Jobless ‘recovery’ for workers
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Filed under Actions, Actions | Events, American Politics, American Progressive Politics, Economics, Foreclosure/Housing, Obama Administration, Protest, The Bush Administration

Bail Out the People Not the Banks

In Memory of Martin Luther King, Jr: Announcing a NATIONAL  


WE  DEMAND JOBS!  

Moratorium on Evictions & Foreclosures
 
BAILOUT WORKERS

STOP LAY-OFFS & CUTBACKS  

END THE WARS

Bring the Troops Home

Housing & Healthcare
Are a right

No Transit
Fare Hike

 

Bail out Students and YOUTH

 STOP THE WAR
ON IMMIGRANTS  

END ATTACKS ON WOMEN & LGBT PEOPLE

UNITE!  


The March on Wall Street was one of the events approved by hundreds of activists at Fight Back conferences in NYC in LA in January. There will be a report back from the conferences at the Feb. 18 planning meeting.

March On

Wall Street

Friday APRIL 3 & Saturday APRIL 4


MARCH ON WALL STREET
PLANNING MEETING

Wed., February 18 – 7 P.M.
CUNY Graduate Center
365 5th Ave., between 34th & 35th St.
(you’ll need ID to get into the building)
Trains:  N, R, W, B, F to 34th St.; PATH to 33rd St.


March on Wall Street on the Anniversary on the day Martin Luther King gave his life fighting for social and economic justice. Why? Because we must demand that the needs of the people come before the greed of the super rich. Millions are jobless and homeless, and millions more will be living on the streets if the government continues to waste trillions of dollars on saving wealthy bankers instead of saving people.

And just as King knew that the struggle for civil rights at home had to also be part of the struggle against war abroad, he understood that no one, regardless of their race would be free until everyone had the right to a decent paying job or an income for those unable to work. Most importantly, King also understood that “Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed.” The time for suffering in silence has come to an end. Nothing will change unless our desperation and anger is channeled into a mighty movement that unites and fights.  It’s time to march on Wall St. Come to the march, and tell everyone you know to come with you. Continue reading

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Filed under Actions | Events