Labor & Employment Law

Wall Street: You Broke It, Now Fix It

By admin

Priscilla Luviano, communications coordinator for the Orange County Labor Federation, reports on how angry activists took on Big Banks at a recent Make Wall Street Pay rally.

“You caused the recession, fix it,” shouted Carl Ritola, delegate for the Orange County Labor Federation from Plumbers and Pipe Fitters Local 582. More than 100 angry working men and women marched outside Bank of America and JPMorgan Chase buildings in Santa Ana, Calif., to demand Big Banks do their fair share to restore the economy. In an editorial by Executive Director Tefere Gebre of the Orange County Labor Federation, Gebre noted how Wall Street took

$700 billion in taxpayer bailouts and went right back to business as usual. They choked up credit, handed about $145 billion in pay and bonuses to their executives who tanked our economy and hired an army of lobbyists to fight financial reform.

Rick Eiden, president of the Orange County Labor Federation, and Nick Berardino, OCEA general manager, stormed inside Bank of America in Santa Ana to tell management how their members are without work and have lost their homes “because of the actions of their financial institution.”

Eiden warned Bank of America that Orange County unions will not

go away, will not stop until they treat American working families fairly.

Full post as published by AFL-CIO NOW BLOG on April 01, 2010 (boomark / email).