October, 27 2009, 11:45am EDT
'Showdown in Chicago' Protests Against Banking Excess
WASHINGTON
Today, thousands of Americans are gathering on the streets of
Chicago to march against financial service industry excess that has
cost the American taxpayers trillions of dollars, destabilized the
economy and undermined the stability of millions of US households.
In response to the public outcry against excesses in the financial
services industries, dubbed "The Showdown in Chicago", the following
statement was issued from Heather McGhee, director of the Washingtong,
DC, Office for the public policy and research center Demos:
Today's exercise of citizen democracy shows that the American people
recognize who's lobbying against their financial security. In opposing
or trying to weaken the regulatory reforms that would prevent another
crisis, financial institutions are lobbying against safe homeownership,
against secure retirement, and fundamentally, against a better
financial future for our children.
Demos is a think tank that powers the movement for a just, inclusive, multiracial democracy. Through cutting-edge policy research, inspiring litigation, and deep relationships with grassroots organizations, Demos champions solutions that will create a democracy and economy rooted in racial equity.
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