As the battle over financial reform takes shape, it's become clear there are essentially three camps. The first, represented by the American Bankers Association, which convened in Chicago for its annual conference in October, is the do-nothing camp. Oh sure, ABA's Ed Yingling will say he favors reform and offer ...
Articles tagged with: “Showdown in Chicago”
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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). ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Yesterday afternoon, more than 1,000 people from 20 states came by bus, train, and plane to the Showdown in Chicago to deliver the message “Enough is Enough” to the American Bankers Association at their annual convention. At the opening session, story after story spoke to the pain and frustration that ...
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 ...
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 ...
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% ...
Showdown in Chicago: Creating a "Which Side Are You On" Moment
It would be hard to dream up a story as incredible as this: The same financial institutions that drove a record foreclosure crisis, sent our economy into a deep recession, and needed billions upon billions in taxpayer bailouts are spending money like never before to defeat financial reform that would ...
The $200,000 Insult: Come to Chicago
Kenneth Feinberg, President Obama's compensation czar for bailed out banks, appears to have taken some genuine steps to rein in excessive executive compensation at the basket case banks that received the most TARP money. He cut cash salaries by 90 percent in some cases and reduced overall compensation for the ...
"Michael Moore's Action Plan: 15 Things Every American Can Do Right Now"
Friends,It's the #1 question I'm constantly asked after people see my movie: "OK -- so NOW what can I DO?!"You want something to do? Well, you've come to the right place! 'Cause I got 15 things you and I can do right now to fight back and try to fix ...
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 ...
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 ...
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Mike's Blog
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June 5th, 2013
Here's How We Built a Movie Theater for the People – and Why the MPAA Says It's #1 in the World
This past week, the Motion Picture Association of America (MPAA), the main federation of Hollywood's six major studios, posted on their web site a list of what they believe ...
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March 23rd, 2013
This evening is going be a big moment in turning our country around on the issue of gun violence. That's why I desperately want you ...
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March 21st, 2013
I am hosting a nationwide series of house parties this Saturday night where tens of thousands of people will gather together in living rooms to ...
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March 15th, 2013
The response to my Newtown letter this week has been overwhelming. It is so very clear to everyone that the majority of Americans have had ...
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March 13th, 2013
America, You Must Not Look Away (How to Finish Off the NRA)
The year was 1955. Emmett Till was a young African American boy from Chicago visiting relatives in Mississippi. One day Emmett was seen "flirting" with ...
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February 26th, 2013
My Final Word on Buzzfeed and Emad Burnat's Detention at LAX
Thanks to everyone for bearing with me as I spend so much time on what happened to Emad Burnat. It's important to me because he's ...
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February 26th, 2013
Michael Moore Responds to Buzzfeed Story on '5 Broken Cameras' Co-Director Emad Burnat
On Tuesday, February 19th, Emad Burnat, the Palestianian co-director of the Oscar-nominated documentary '5 Broken Cameras,' was detained with his wife and son at Los ...
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September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
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December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
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May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
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November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
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September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
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December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
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November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
