For Immediate Release
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'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:
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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.
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A multi-issue national organization, Demos combines research, policy development, and advocacy to influence public debates and catalyze change. We publish books, reports, and briefing papers that illuminate critical problems and advance innovative solutions; work at both the national and state level with advocates and policymakers to promote reforms; help to build the capacity and skills of key progressive constituencies; project our values into the media by promoting Demos Fellows and staff in print, broadcast, and Internet venues; and host public events that showcase new ideas and leading progressive voices.