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Wrath of McGrath Blog General Join Us the Weekend of APR. 28 - MAY 1, along with the AFL-CIO and Affiliated Groups, to Protest Big Bank USA, Exec Bonuses, and the Wall Street Madness Leading Everyone But the Top One Percent to Ruin.
Wrath of McGrath Blog General Join Us the Weekend of APR. 28 - MAY 1, along with the AFL-CIO and Affiliated Groups, to Protest Big Bank USA, Exec Bonuses, and the Wall Street Madness Leading Everyone But the Top One Percent to Ruin.
Join Us the Weekend of APR. 28 - MAY 1, along with the AFL-CIO and Affiliated Groups, to Protest Big Bank USA, Exec Bonuses, and the Wall Street Madness Leading Everyone But the Top One Percent to Ruin.
Written by Jim McGrath Tuesday, 13 April 2010 14:41
GREED REIGNS AND RUINS: The chart from published in "The Nation" says it all: income disparity between the top .01 percent and the lower 90 percent of earners is similar and worse to that of the 1920s, making for a destabilizing influence, harmfully inequitable distribution of resources and another Depression. It is subtitled, "Re-creating the Gap that Gave Us the Great Depression." Before the Reagan years, the top made 200 times more than the bottom 90 percent; this disparity has grown to almost 1,000 percent, based on the vast amounts of debt, fraudulent financial "innovations" and the last 30 years' "magic of the marketplace." See the stark, shocking graph here: http://www.thenation.com/doc/20080630/extreme_inequality
We are demonstrating in NYC against these ills, against granting bonuses for voodoo finance birthed by voodoo economics, and for meaningful financial reform to protect what is left of our prosperity for ourselves and our posterity. We ask you and all right thinking to join us! We will be joining the massive demonstration by the AFL-CIO and other allied groups on Thursday, April 29th. We also plan other demonstrations on the May Day weekend (April 30th - May 2, 2010). Join us! We are TENAC, the Tenants' Advocacy Coalition, This e-mail address is being protected from spambots. You need JavaScript enabled to view it , (202) 628-3688.
PICKETING WALL STREET AND
BIG BANK USA!
Some of us picketed against Wall Street and Big Bank USA in January along with representatives of The Catholic Worker in New York City. We plan to do so again on April 28 with Big Labor and allied groups and other times over the weekend. We invite any others and/or their organizations to join us. For further details, let us know.
Wall Street and Big Bank USA have put the entire U.S. economy and fiscal system into a coma, through their machinations and rip-offs. Worse still, they have done so with taxpayer bail-outs. They continue their massive non-lending practices and massive executive in-house bonus policies, and their escape from any regulatory action. Their non-lending policies hurt tenants especially in their "right-to-buy" their buildings in conversion situations. "Right to Buy:" means nothing, if you cannot get a loan to buy.
We say there must be a lot more Federal regulatory action and punishment, and we intend to push for it.
Jim McGrath
Chairman
TENAC
Tenants' Advocacy Coalition
WALL STREET + BIG BANK USA
CRIME BUT NO PUNISHMENT!
U.S. economic and fiscal meltdowns are right here - all around us - Wall Street + Big Bank USA. Here are the pirates responsible. Big Bank USA says NO to loans for the American people but YES to "mega-buck" bonuses for themselves! Big Bank USA has been subsidized by U.S. "bailout" funds, but Big Bank USA has "bailed out" on economic recovery and the American people. Goldman Sachs executives are getting so much gold -- man, their sacks "runneth over."
ENOUGH ALREADY!
"LESS BAIL, MORE JAIL"
WE SAY GIVE IT BACK!
The great Honore de Balzac, said: "Behind every great fortune lies a great crime!" We believe that there are many great crimes behind the fortunes looted from the American people by the Wall Street and Big Bank buccaneers. Remember the Holocaust, where all that killing went on and "nobody knew anything." In the midst of this financial holocaust, untold numbers made a financial "killing" at the enormous expense of all yet "nobody is to blame." The big boys on Wall Street and in Big Bank USA know where the money went and how it got there, and need to pay it back. We say "Less Bail, More Jail!"
ENOUGH ALREADY!
WE SAY GIVE IT BACK!
TO OUR FRIENDS IN GREECE: BEWARE GOLDMAN BEARING GIFTS IN SACKS!
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