Bailout // Current

Economy Is Going to Get Much Worse | PEEK | AlterNet

It's funny that everything I blog or mention on Facebook or elsewhere gets me attacked... more

Monkey_Films
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9 hours ago
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Elizabeth Warren: If You Can Borrow at Zero and Speculate, That’s a Heck of a Business Model

A hearing on the efficacy of the bailouts? If you are a bailed out bank, you score... more

WallStCheatSheet
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14 hours ago
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We Used To Call Them Zombie Banks! They're Really Vampire Banks!

Elizabeth Warren, Naomi Klein on MSNBC.

Jenime
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1 day ago
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Neil Barofski’s AIG Counterparty Payment Report Released; Demands Federal Reserve Transparency

The now familiar argument from Government officials about the dire consequences of... more

WallStCheatSheet
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4 days ago
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Taxpayers Lose $2.3 Billion with CIT Bankruptcy

Forget about the local bank robber, or your local street thug, they need to arrest... more

Empowered754
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11 days ago
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'Revenge' App Lets You Kill Bankers, Shoot CEOs

Among the 100,000-plus applications for the iPhone is one that allows users to "kill"... more

atomiclegion
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11 days ago
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3 comments

Top bailed-out banks to pay $30 billion in bonuses

Three of the largest Wall Street firms -- which together received $45,000,000,000 in... more

bansheewail
added this
12 days ago
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46 comments

Bankrupt Batman

Gotham needs a bailout too..... http://www.newgrounds.com/portal/view/517289

happy3kmed
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12 days ago
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4 comments

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Goldman's reputation is suddenly as toxic as the credit default swaps and other... more

atomiclegion
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13 days ago
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5 comments

William Black: Banks Using Suicide Threat to Steal from Citizens

Need a quick analogy to explain "Too Big To Fail"? William Black references Blazing... more

WallStCheatSheet
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18 days ago
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Ford Makes A Profit

Ford announced that its cost-cutting efforts and improving sales helped it earn nearly... more

jimhager
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18 days ago
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CIT group files for bankruptcy protection

The bankruptcy of a key lender that helps retailers stock their shelves is adding to... more

ebindelglass
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19 days ago
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3 comments

"Showdown In Chicago": Protesters Crash Bankers Convention, (VIDEO, IMAGES)

Via National People's Action, here is some footage from the protesters at the ABA conference. From the footage, it's clear there are some strong emotions from the protesters.

At one point a protester grabs a megaphone and says:

"The American Bankers Association has helped loosen the rules that protect us, allowing the unfettered greed that has brought us to the brink of a recession. And for those bankers who are members and support the ABA's war against the working and middle class, shame on you!"

The crowd soon begins chanting "Shame On You!" in unison.

Via Progress Illinois' Twitter feed, here's more video of Sen. Durbin's speech. In this section, he calls for a "showdown" with Wall Street.

According to the Twitter feeds of National People's Action and the SEIU, the protesters are headed to the ABA's "Roaring '20s"-themed cocktail party. (Perhaps the ABA is not aware of the irony of having such an event.)

Sen. Dick Durbin spoke in front of the protesters earlier today. Here's a clip from the video, in which Durbin tells the story of homeowner who was struggling to stay in her home -- and was apparently talked into agreeing to a seemingly atrocious mortgage. The woman's mortgage was riddled with hidden fees and by, "the types of things even a Wall Street lawyer couldn't explain to anyone," Durbin said.

The American Bankers Association's annual convention in Chicago has become the scene for a series of major protests, which are set to continue through Tuesday. Dubbed "the Showdown in Chicago." (http://www.showdowninchicago.org/index.html) (Check back here frequently for updates on the protests.)

Groups like the National People's Action, the Service Employees International Union, Americans For Financial Reform and the AFL-CIO are expected to turn out with thousands of protesters. Sen. Richard Durbin (D - Illinois) is scheduled to address the protesters Sunday evening. Conference speakers include Newt Gingrich, conservative columnist George Will and FDIC chairman Sheila Bair.

Check out these photographs of the "Showdown in Chicago," taken by organizers of the protest.

http://www.huffingtonpost.com/2009/10/25/showdown-in-chicago-prote_n_333245.htmlVia National People's Action, here is some footage from the protesters at the ABA... more