Chicago Public Radio
Now Playing

12:00am BBC World Service
4:00am Smart City
  View Schedule


Pledge Now

There are many ways to support public radio.
Submit
Pledge Now
Events
11.21.2009 7th Annual DIY Trunkshow
11.22.2009 The Warrior Poetry Project: A Concert Reading of Poems by Veterans
View full calendar
revolution in access
Feder Blog
Submit
  • facebook
  • twitter
  • unknown
City RoomTM Public Affairs coverage from our award-winning staff
Business
Labor March Demands Banking Regulation




 
 
Bookmark and Share Share
 


Protesters confront bankers in downtown Chicago. (Chip Mitchell/WBEZ)

Some top U.S. labor leaders rallied protesters in Chicago on Tuesday. They came for a convention of the American Bankers Association. The labor leaders are calling for tougher regulation of the financial sector.

About 2,000 union members and community activists marched to the bankers’ meeting. They criticized everything from mortgage rip-offs to overdraft fees.

AFL-CIO President Richard Trumka praised a move by President Barack Obama’s administration to cut executive pay. Trumka also called for tighter government controls on systemic risk, the derivatives market and corporate governance...

TRUMKA: ...to force these bankers out of their Wild West mentality, out of their arrogance, out of their contempt for the public that they’re supposed to serve.

Some of the convention delegates say they don’t deserve the scorn. They say it was Wall Street investment houses, not local banks, that packaged and sold subprime mortgages and paid the multimillion-dollar bonuses.

More: Chicago protests can be fun. Especially when you’re near the guy with the trumpet.

Leave a comment
Curtis, Chicago // Tuesday, October 27, 2009 @ 9:03 PM

The convention delegates' comments don't really hold water - see: http://communitymediaworkshop.org/newstips/?p=829

Add your comment:
Comments are moderated. See guidelines.

Name  


Neighborhood / town


Comment  


Email address (this will not be shared)    


CAPTCHA Code Image Speak the code


Type the word you see above  


Support Provided By


Become a Sponsor
Support Provided By


Become a Sponsor
Local News
Killing in Puerto Rico Hits Chicagoans Hard

Despite Rebuke, Burris 'Pleased' Senate Inquiry Over

Illinois Looking to Catch Up on Medicaid Payments

School Gives Special Ed Kids A Different Test, and Scores Soar

Oprah Counts Down to the End

Asian Carp Breach Barrier

Latest Unemployment Numbers Bad for Chicago Area, But There May Be Reason for Hope



National News
Moderate Dems pivotal in Saturday health care vote

Levin: May be more troubling emails from Hasan

US to drop shooting case against Blackwater guard

GOP: Health test recommendations could affect care

Police: NC girl raped, killed on day she was taken

Calif. launches probe into scam targeting churches

Army relents, will allow media at Palin book event



International News
Blast near aid office wounds 1 in NW Pakistan

China says 31 dead, 82 trapped in mine explosion

Chavez praises Carlos the Jackal

Campaigner against hate crimes killed in Moscow

Researcher: Faint writing seen on Shroud of Turin

Museum: Galileo's fingers, tooth are found

Argentina forces dirty war orphans to provide DNA

Kidnapped Britons say Somali pirates may kill them