On Tuesday morning, in Chicago, the unions came to town. It was the final day of the rolling protest dubbed The Showdown in Chicago, a confrontation with the American Bankers Association, whose members had gathered for their annual meeting. With a crowd estimated at 5,000, it was without a doubt ...
Articles tagged with: “tarp”
5,000 Protest Bank Power, Abuses, as ‘Showdown’ Culminates
CHICAGO – Angenita Tanner faces tough times. Her home-based child care business is threatened by potential Illinois state budget cuts to programs subsidizing care for children of low-income workers. Already her clients have found it hard to pay for her services, leading her to fall behind on her mortgage. But ...
Protests at US bankers' convention
America's bankers may not agree on much. But on one issue, they are entirely united. They refuse to become humble whipping boys, taking the blame from an angry nation for the global financial crisis.More than 1,500 senior executives from banks across the nation congregated in Chicago this week for what ...
Day two of the Showdown in Chicago, a three-day-long protest against big banks, began a bit dismally for The Nation. An email from American Bankers Association spokesman John Hall informed us that our press credentials had been revoked. The reason? Because we'd arrived early to cover a protest outside the ...
Protesters Deliver Letter to Goldman Sachs—And Await Response
CHICAGO—After working for 42 years, Erma Hall-Wood thought she had earned a modest but peaceful retirement. Then the financial crisis devastated her savings and the 68-year-old Los Angeles County Department of Health retiree became one of millions of Americans who have lost their homes to foreclosure."I thought I would have ...
Protests Aimed at Bankers' Convention
Chicago - For five decades, Bonita Williamson called a house at 56th and South Loomis Streets home. She's slated to be evicted from that home on Monday. "Everyone thinks it's a property, it's a building. It's a legacy," Williamson said. "We had five generations grow up in this building." Williamson ...
Economy Yielding ‘Very Angry’ People, Bankers Told
Oct. 26 -- A top American Bankers Association official defended the group’s members against demonstrators massing in Chicago to protest the industry’s opposition to proposed regulations in response to the financial crisis.“A lot of people lost their jobs, and they are very frustrated and they’re very angry,” Bob Schmermund, executive ...
VIDEO: You Weren't on the Guest List
Today was an amazing beginning for us. Not just the beginning of the three day protest against the American Bankers Association (ABA) conference, but the beginning of the end for business as usual on Wall Street. The big banks heard loud and clear tonight that taxpayers are fed up with ...
Protesters storm big bankers meet, chant ‘we’ll be back’ as police escort them out
The annual American Bankers Association meeting in Chicago is not going as planned. Besieged by activists from the Service Employees International Union, the AFL-CIO and Americans for Financial Reform, the leaders of America's financial sector were interrupted Sunday night as a throng of protesters poured into the conference area and ...
The Movement Against the Banks
A massive rally in Chicago next week aims to express public displeasure with the massive bank bailout outside the American Bank Association annual meeting. Protesters will converge at 11:30 on Monday, October 26, at 301 North Water Street, where the meeting is taking place. "The same financial institutions that caused ...
At rescued banks, perks keep rolling
NEW YORK -- Even as the nation's biggest financial firms were struggling and the federal government was spending hundreds of billions of dollars to save many of them, the companies as a group were boosting the perks and benefits they pay their chief executives. The firms, accounting for more $350 ...
Announcing the Goldman Project
Goldman Sachs raked in billions with taxpayer help while you're still unemployed. The bank announced $3.1 billion in third-quarter profits, and set aside $5.3 billion for bonuses. Help us find out how they spend it.Goldman's third-quarter take is down slightly from its record-breaking $3.4 billion second-quarter earnings, and the amount ...
The secret Paulson-Goldman meeting
Andrew Ross Sorkin's new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. At this point, we're still months away from the now-famous but then-secret waiver, issued in mid-September, which allowed Hank Paulson to talk to Goldman Sachs; he'd promised not to ...
Take America Back from the Banks
The elites hate to acknowledge it, but when large numbers of ordinary people are moved to action, it changes the narrow political world where the elites call the shots. Inside accounts reveal the extent to which Lyndon Johnson and Richard Nixon's conduct of the Vietnam war was constrained by the ...
Foreclosures Continued to Rise in 3rd Quarter as Banks Worked on Backlog
The number of homeowners pulled into the foreclosure crisis increased by 5 percent during the third quarter as a government program to help borrowers stay in their homes struggled to gain traction, according to RealtyTrac data released Thursday. RealtyTrac found that more than 925,000 borrowers received a foreclosure filing, which ...
It would be nice to believe that things will be different next time.“What’s the point in bailing them out if there aren’t any jobs?’’ asks one of the organizers of the Christmastime protest at Republic Windows and Doors, the Chicago company whose laid-off workers staged a peaceful, six-day sit-in at ...
Congresswoman Marcy Kaptur steals the show in Michael Moore’s new movie Capitalism: A Love Story as the sharp-tongued critic of last year’s financial bailout. Sitting in her Washington office, the cheerful 63-year-old representative from Ohio has the manner of a benevolent fairy godmother, but her message is harsh and to ...
Michael Moore exposes Paul Ryan’s bank bailout bluster
Wisconsin Congressman Paul Ryan is one of the stars of Michael Moore's new movie, "Capitalism: A Love Story."But you can bet that the conservative from Janesville is hoping that none of his constituents sees his performance.In a section of the critically acclaimed examination of how Wall Street insiders diverted hundreds ...
Friends, Thank you, all of you, who packed the theaters across North America last night to see my new film. The movie houses were rockin'! The national movie exit poll company announced this morning that the audiences in America gave "Capitalism: A Love Story" a rare "A" rating! Wow, thank ...
Q&A: Why Michael Moore Hates Capitalism
By Bill Saporito / TIME Since his debut in 1979's Roger and Me, documentary filmmaker/agitator Michael Moore has aimed his blunderbuss of a lens against large American corporations and the institutions that he believes have flat-out screwed the working class. In his latest film, Capitalism, Moore ridicules the business philosophy ...
DealBook's Interview With Michael Moore
New York Times Not many people can lay claim to attempting a “citizen’s arrest” of the nation’s banking bosses. But it’s par for the course for Michael Moore, the controversial film maker whose latest documentary on the financial crisis takes a harsh look at capitalism — and Wall Street banks ...
Union says Quad-City Die Casting set to close Friday
By Doug Schorpp / Quad-City Times Friday will be the last day on the job for most workers at Quad-City Die Casting in Moline. Company officials have continued to decline comment on the closing or events that have led to the decision. In all, more than 100 employees will lose ...
Autos, banks spend $20M lobbying
By Silla Brush / HillAuto companies and eight of the country's biggest banks that received tens of billions of dollars in federal bailout money spent more than $20 million on lobbying Washington lawmakers in the first half of this year. General Motors, Chrysler and GMAC, the finance arm of GM, ...
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Mike's Blog
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June 5th, 2013
Here's How We Built a Movie Theater for the People – and Why the MPAA Says It's #1 in the World
This past week, the Motion Picture Association of America (MPAA), the main federation of Hollywood's six major studios, posted on their web site a list of what they believe ...
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March 23rd, 2013
This evening is going be a big moment in turning our country around on the issue of gun violence. That's why I desperately want you ...
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March 21st, 2013
I am hosting a nationwide series of house parties this Saturday night where tens of thousands of people will gather together in living rooms to ...
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March 15th, 2013
The response to my Newtown letter this week has been overwhelming. It is so very clear to everyone that the majority of Americans have had ...
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March 13th, 2013
America, You Must Not Look Away (How to Finish Off the NRA)
The year was 1955. Emmett Till was a young African American boy from Chicago visiting relatives in Mississippi. One day Emmett was seen "flirting" with ...
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February 26th, 2013
My Final Word on Buzzfeed and Emad Burnat's Detention at LAX
Thanks to everyone for bearing with me as I spend so much time on what happened to Emad Burnat. It's important to me because he's ...
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February 26th, 2013
Michael Moore Responds to Buzzfeed Story on '5 Broken Cameras' Co-Director Emad Burnat
On Tuesday, February 19th, Emad Burnat, the Palestianian co-director of the Oscar-nominated documentary '5 Broken Cameras,' was detained with his wife and son at Los ...
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September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
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December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
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May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
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November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
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September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
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December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
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November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
