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America's Progressive Community

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FOR IMMEDIATE RELEASE
October 23, 2008
2:07 PM

CONTACT: Bail Out People Not Banks

Dustin Langley 646-354-8056; Larry Holmes 917-825-2302

Thousands To Protest On Wall Street Against Bailout

Friday Ooctober 24, 3 to 6 PM at Federal Hall

Protests in Tucson, Arizona; Los Angeles,California; Atlanta, Georgia; Chicago, Illinois; Baltimore, Maryland; Boston,| Massachusetts; Detroit,| Michigan, NYC,| New York; Raleigh, North Carolina, Cleveland, Ohio; Philadelphia, Pennsylvania, & Washington, DC

NEW YORK/Nationwide - October 23 - For list of local actions around the country, see http://www.stopforeclosuresandevictions.org/oct24-272008orgcents.shtml

On Friday October 24, thousands of people will converge on Wall Street to participate in a "Bailout the People - Not the Bankers" protest rally. The protest, organized by the newly formed Bailout the People Movement will take place between 3:00 and 6:30 pm at Federal Hall, 26 Wall Street, near the New York Stock Exchange.

The October 24 Wall Street protest is part of 4 days of coordinated protest against the Bailout of the Banks across the country from October 24 to October 27.

A statement announcing the protest signed by many activists says "The world economy is headed into a deep recession or even a depression, and the U.S. government and its top bankers are giving what's going to amount to trillions of dollars to bailout the richest banks while doing virtually nothing to help ordinary working and poor people who are being thrown out of their homes and jobs."   The statement also said, "The programs proposed by the two major presidential candidates would will not stop the mass suffering and desperation caused by unprecedented storm of home foreclosures and evictions, rising unemployment, and drastic budget cuts to vital social services such as healthcare, education, in addition to the severe losses in working people's wages and pensions".

The October 24 speakers at protest rally on Wall St. will speak to the need for a moratorium on home foreclosures and eviction, a freeze on all budget cuts in social services at all levels of government and a massive jobs program amongst other measures.

Signers of the statement include:

  • NYC Councilmember Charles Barron
  • Chris Silvera, Secretary-Treasurer, Local 808 International Brotherhood of Teamsters
  • The Harlem Tenants Council
  • Moratorium Now Coalition To Stop Foreclosures and Evictions (Michigan)
  • Labor/Community Coalition to Stop Foreclosures and Evictions (Los Angeles)
  • The May 1 Coalition for Immigrant and Workers Rights
  • ... And hundreds more (for signers and more information on NYC and national protest go to www.stopforeclosuresandevictions.org)
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