icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
30 Apr, 2010 20:33

Wall Street protests fail to move bankers

As ordinary Americans rally on Wall Street, the US financial sector goes about business as usual, paying out bonuses and hiring lobbyists to protests financial reform.

 Traffic came to a halt in New York City’s financial district on April 29 as rallying crowds swamped the streets in the biggest anti-Wall Street demonstration since the US was hit by an economic crisis.

These thousands of people rallying in New York represent the millions all over the United States who are outraged over Wall Street bailouts and the country’s economic problems. Even kids know something isn’t right.

“They are just doing the reverse of Robin Hood – they are stealing from the poor, who need all their things to live, and giving it all to the rich – makes no sense!” said 9-year-old Sam Kesler.

Because of the scams of Wall Street’s fatcats, millions of Americans lost their homes and millions more lost their jobs.

“When the top 1 percent of wealth in this country controls the political decisions, when the money that comes straight out of banks goes to bonuses instead of taking control of problems, and that same money goes to the politicians who make those decisions, people should be damn annoyed,” said one protestor.

These protestors are angry that instead of bailing out the people, the US government made the taxpayers foot the bill for companies and investment firms deemed “too big to fail.”

Just months after being kept afloat by government loans, bankers again received millions of dollars in bonuses, and yet this outrage is not making too many bankers bite their lips in shame.

Record-high levels of cash are being spent on an army of lobbyists working constantly in Washington to prevent proposed financial reforms. And in New York, the financial district is going about business as usual.