For Immediate Release

Contact: 

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

Bail Out People Not Banks

Thousands To Protest On Wall Street Against Bailout

Friday Ooctober 24, 3 to 6 PM at Federal Hall

NEW YORK/Nationwide - 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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