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October 23rd, 2009 By | News | Posted In: Financial Crisis, Protests, Public Policy

Battling the 'Banksters'

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Thousands of taxpayers from 20 cities — including Cincinnati — will converge on Chicago beginning Sunday for a protest at a major banking conference.

In what’s described as the largest mobilization since the economic crisis began in earnest last year, "Showdown in Chicago” will protest the American Bankers Association (ABA) to demand banks stop spending millions in taxpayer dollars to lobby against reforms that could prevent a similar crisis.

Two local groups are among the many organizations slated to attend the protest, Communities United for Action and Working In Neighborhoods.

Other protestors will include retirees, farmers, workers, homeowners, renters, students, clergy, and small business owners, said protest organizers.

Protestors will demand a banking system that provides greater protections for Americans and a Congress that takes forceful action to push for meaningful reform.

Event sponsors include National People’s Action and the Service Employees International Union.

The ABA’s conference will be held from Oct. 25-27, at the Hyatt Regency Chicago.

“After taking $17.8 trillion in taxpayer bailouts and backstops, the ABA and the six largest banks have spent nearly $35 million fighting Congressional action on financial reform. Meanwhile, ordinary Americans continue to face rising foreclosures, record unemployment, skyrocketing bank and credit card fees, and vanishing pensions and 401(k)s,” according to a prepared statement.

 
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