Several thousand citizens made their voices heard this week in Chicago at the American Bankers Association convention, telling the banksters that enough is enough. We’re sick of them taking trillions of dollars in taxpayer cash and supports while handing out millions in bonuses to their executives. It’s time to break up the big banking firms and re-regulate the financial markets. The videos above and below are from this week’s protests; the Huffington Post has some more. You can also get a lot more information and find out how to take action at Showdown in Chicago.
I’m glad to see people are “fired up” about our taxpayer monies going to bailout the financial institutions.
But please realize that until we also do something to reign in the “Big Four” Public Accounting firms and their self-regulated global oligopoly the financial crises will continue in industry after industry.
The Enron meltdown happened in the energy industry. This current crisis is in the banking industry. All financial crises have one main thing in common–their financial statements had been grossly incorrect for years, yet the public accountants are rarely held accountable for the co-conspirator role they’ve played.
Ciao for Now,
Sara