Here Comes Trouble: Stories from My Life

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Articles tagged with: “American Bankers Association”

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July 20th, 2010

Consumer Post Prospect Has Democrats in Knots

Democrats agonized Monday over whether President Barack Obama should pick Harvard Law School Professor Elizabeth Warren to be the nation's first consumer-finance regulator, an indication of the intense fight to come.Ms. Warren is one of at least three finalists for the post created by legislation overhauling financial regulations, and the ... continue reading

July 15th, 2010

Congress approves sweeping Wall Street reforms

WASHINGTON – Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.A year in the making and 22 months after ... continue reading

June 25th, 2010

Wall Street dodges bullet on derivatives

NEW YORK -- It's a brave new world for the derivatives market. Or is it?Congress' efforts to reshape this murky corner of the nation's financial system may have little impact on the Wall Street firms that dabble in these complex financial investments. As part of the financial regulatory reform bill ... continue reading

Aaron Bartley

Aaron Bartley is Executive Director of People United for Sustainable Housing (PUSH).

April 28th, 2010

PUSH Buffalo Joins the Showdown on Wall Street

In the nearly two years since the biggest banks precipitated a devastating economic meltdown and then exploited the moment to win billions in taxpayer bailouts and billions more in free money from the Federal Reserve, not a single public demonstration of significance has darkened the doors of the Wall Street ... continue reading

April 12th, 2010

More Banker Outrage: Protesters Plan Marches on Wall Street Banks

Outrage over bonuses, bailouts and home foreclosures have prompted angry demonstrations at bank office buildings, bank conferences and even bankers' homes since the financial crisis began. With Wall Street reform proposals up for debate in Congress and bank shareholder meetings taking place later this month, protest organizers say they're getting ... continue reading

April 7th, 2010

Need Cash? Some Thieves Are Taking The Whole ATM

Probably anyone reading this story has taken money from an ATM. But few people have ever walked away with an entire automated teller machine. Thefts of ATMs — the machines themselves — are not common but appear to be happening with more frequency. Four years ago, there were roughly 120 ... continue reading

October 28th, 2009

Unions head to Chicago, protest banks

Unions converged on Chicago on Tuesday to protest lobbying by major banks against proposed reforms of the financial system. The AFL-CIO, the Service Employees International Union (SEIU) and other labor groups were leading a rally expected to draw 5,000 participants outside the annual conference for the American Bankers Association (ABA). ... continue reading

October 28th, 2009

Thousands March in 3-Day Showdown with Banking Industry

Workers gave pink slips to the country's top bankers Tuesday morning to culminate three days of protests, billed as the Showdown in Chicago, during the American Bankers' Association's annual meeting. Before a jeering and cheering crowd of 5,000 union members and activists, Armando Robles, president of UE Local 1110 and ... continue reading

October 27th, 2009

Here Come the Unions

On Tuesday morning, in Chicago, the unions came to town. It was the final day of the rolling protest dubbed The Showdown in Chicago, a confrontation with the American Bankers Association, whose members had gathered for their annual meeting. With a crowd estimated at 5,000, it was without a doubt ... continue reading

October 27th, 2009

5,000 Protest Bank Power, Abuses, as ‘Showdown’ Culminates

CHICAGO – Angenita Tanner faces tough times. Her home-based child care business is threatened by potential Illinois state budget cuts to programs subsidizing care for children of low-income workers. Already her clients have found it hard to pay for her services, leading her to fall behind on her mortgage. But ... continue reading

Leah Fried

UE organizer

October 27th, 2009

After the Showdown

Over 5,000 people greeted the American Bankers Association today outside their fancy Magnificent Mile hotel in downtown Chicago. People took to the streets to voice their disgust at bank greed and to fight the misery caused by bank abuses. There were many unemployed workers, people who have lost their homes ... continue reading

October 27th, 2009

Protests at US bankers' convention

America's bankers may not agree on much. But on one issue, they are entirely united. They refuse to become humble whipping boys, taking the blame from an angry nation for the global financial crisis.More than 1,500 senior executives from banks across the nation congregated in Chicago this week for what ... continue reading

October 27th, 2009

Bankers and Their Victims

Day two of the Showdown in Chicago, a three-day-long protest against big banks, began a bit dismally for The Nation. An email from American Bankers Association spokesman John Hall informed us that our press credentials had been revoked. The reason? Because we'd arrived early to cover a protest outside the ... continue reading

October 27th, 2009

Protesters Deliver Letter to Goldman Sachs—And Await Response

CHICAGO—After working for 42 years, Erma Hall-Wood thought she had earned a modest but peaceful retirement. Then the financial crisis devastated her savings and the 68-year-old Los Angeles County Department of Health retiree became one of millions of Americans who have lost their homes to foreclosure."I thought I would have ... continue reading

October 26th, 2009

Protests Aimed at Bankers' Convention

Chicago - For five decades, Bonita Williamson called a house at 56th and South Loomis Streets home. She's slated to be evicted from that home on Monday. "Everyone thinks it's a property, it's a building. It's a legacy," Williamson said. "We had five generations grow up in this building." Williamson ... continue reading

October 26th, 2009

Economy Yielding ‘Very Angry’ People, Bankers Told

Oct. 26 -- A top American Bankers Association official defended the group’s members against demonstrators massing in Chicago to protest the industry’s opposition to proposed regulations in response to the financial crisis.“A lot of people lost their jobs, and they are very frustrated and they’re very angry,” Bob Schmermund, executive ... continue reading

Dean Baker

Co-Director, CEPR

October 26th, 2009

The American Bankers Association's 15 Minutes of Fame in Chicago

Like termites, the American Bankers Association (ABA) does most of its damage in the dark. But, the ABA is getting a brief period in the limelight this week as a result of the Showdown in Chicago. The Showdown is a series of protests organized by a number of community groups ... continue reading

October 26th, 2009

VIDEO: You Weren't on the Guest List

Today was an amazing beginning for us. Not just the beginning of the three day protest against the American Bankers Association (ABA) conference, but the beginning of the end for business as usual on Wall Street. The big banks heard loud and clear tonight that taxpayers are fed up with ... continue reading

October 26th, 2009

Protesters storm big bankers meet, chant ‘we’ll be back’ as police escort them out

The annual American Bankers Association meeting in Chicago is not going as planned. Besieged by activists from the Service Employees International Union, the AFL-CIO and Americans for Financial Reform, the leaders of America's financial sector were interrupted Sunday night as a throng of protesters poured into the conference area and ... continue reading

October 25th, 2009

A New Crossover Hit: "Break Up the Big Banks"

We've reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune. These four, and others, have formed a distinct choir that is calling for breaking up the big banks. In the United States, three banks hold almost 34% ... continue reading

October 21st, 2009

The Movement Against the Banks

A massive rally in Chicago next week aims to express public displeasure with the massive bank bailout outside the American Bank Association annual meeting. Protesters will converge at 11:30 on Monday, October 26, at 301 North Water Street, where the meeting is taking place. "The same financial institutions that caused ... continue reading

Dean Baker

Co-Director, CEPR

October 19th, 2009

Take America Back from the Banks

The elites hate to acknowledge it, but when large numbers of ordinary people are moved to action, it changes the narrow political world where the elites call the shots. Inside accounts reveal the extent to which Lyndon Johnson and Richard Nixon's conduct of the Vietnam war was constrained by the ... continue reading

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If you have a moment today, I hope you can read the obituary for my father Francis (Frank) Moore, who died this past Saturday at the age of 92: Francis...

Apr 22nd
6:33 PM
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My father, Francis (Frank) Moore, passed away this morning a few months shy if his 93rd birthday. He was a great dad I am blessed to have had him in my life. I...

Apr 20th
2:58 AM
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Time to put the cuffs on Chris Christie -- not for the bridge scandal, but for this: Chris Christie's $300m pension proposal broke state anti-corruption...

Apr 18th
7:31 PM
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George W. Bush Debuts New Paintings Of Dogs, Friends, Ghost Of Iraqi Child That Follows Him... www.theonion.com President Bush has a new hobby -- painting! --...

Apr 17th
7:28 PM
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Big new story from David Sirota and Pando on top Christie adviser and appearance of corruption at New Jersey's pension fund: REVEALED: Gov....

Apr 17th
12:41 PM
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FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States www.theonion.com WASHINGTON—The FBI announced today that it has uncovered a...

Apr 15th
3:28 PM
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Revealed: Rahm Emanuel's top donor bought stock in Marriott just before it was awarded huge contract pando.com As schools are closed and pensions cut,...

Apr 9th
2:00 PM
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I'll be at First Time Fest today in New York City at the screening of my first film, Roger & Me. Loews Village 7 at 12:30 pm. Come see it on the big...

Apr 5th
9:48 AM
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Revealed: Rahm Emanuel cuts public pensions, diverts money to benefit campaign donors pando.com If you've read the financial news out of Chicago the last...

Apr 4th
2:19 PM
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Please take a moment today to think of Casey Austin Sheehan, son of Cindy and Patrick, who was murdered by U.S. foreign policy in Sadr City, Baghdad ten years...

Apr 4th
2:00 PM
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ICYMI - I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence...

Apr 3rd
7:38 PM
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I've joined this "thunderclap" to support the Connecticut legislators who voted yes on last year's Act Concerning Gun Violence Prevention...

Apr 2nd
8:27 PM
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I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested...

Apr 1st
3:55 PM
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How Long Some in the US Will Survive Under New Health Law ...by Donna Smith www.michaelmoore.com Those who must access care to live and can afford it are not...

Mar 31st
10:13 PM
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Last night, The Good Wife on the East Coast started 40 minutes late due to the overrun of the NCAA basketball game. If you had your DVR set for the show, you...

Mar 24th
5:41 PM
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Watching films today, looking for the ones I'm going to pick for my film festival this summer. I (and a whole bunch of others!) have this thing we put on...

Mar 23rd
4:48 PM
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When the U.S. Health Care System Keeps Killing, Who Cares Enough to Fight? ...by Donna Smith www.michaelmoore.com We have largely forgotten that people are at...

Mar 21st
5:56 PM
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Tell the White House not to give up on Dr. Vivek Murthy's nomination as Surgeon General despite the ferocious opposition from the NRA: Don't give...

Mar 21st
5:38 PM
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This criminal would never see a jail cell, nor would his cronies. In fact, they'd later be rewarded with re-election: Presidential Address on War with...

Mar 19th
9:40 PM
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The crime of the century -- our invasion & slaughter in Iraq -- started 11 years ago tonite in this 7pm (ET) hour, March 19th, 2003: CNN Coverage of...

Mar 19th
9:08 PM
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Washington’s Back-to-the-Future Military Policies in Africa ...by Nick Turse www.michaelmoore.com Nick Turse is an award-winning journalist, historian,...

Mar 17th
4:59 PM
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"I think democracy is the most revolutionary thing in the world." -- Tony Benn, 1925-2014 Tony Benn in 'Sicko'

Mar 14th
10:07 AM
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RIP Tony Benn, one of the UK's greatest leaders: Tony Benn, veteran Labour politician, dies aged 88 www.theguardian.com Former cabinet minister died at...

Mar 14th
9:53 AM
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Please read this important story from K. Ford K.: Am I the Face of the New American Middle Class? www.huffingtonpost.com I began to feel I had slipped so low...

Mar 13th
2:24 PM
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Yesterday Dianne Feinstein revealed that the CIA has been spying on the Senate Intelligence Committee. This is all about the report the committee has produced...

Mar 12th
6:48 PM
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Health Care for All Colorado has brought Mercy Killers, a show written and performed by Michael Milligan about our murderous for-profit healthcare system, to...

Mar 10th
1:08 PM
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Health Care Dramas that Sting and Why We Have to Watch ...by Donna Smith www.michaelmoore.com The realities Milligan has written into the show cut deep into...

Mar 10th
1:02 PM
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Did you know the Lehrer Newshour on PBS has been produced for 20 years by a company owned by conservative cable billionaire John Malone? Me neither. After...

Mar 7th
8:39 PM
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Mr. Obama, if int’l law is so damn crucial . . . | RootsAction.org act.rootsaction.org The Russian intervention deserves criticism. But let’s be clear. The...

Mar 6th
1:21 PM
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