showdown in chicago
GRITtv: Consumer Agency Gains, But Foes Remain
This video from the Huffington Post Investigative Fund details the bankers' fight against the proposed Consumer Financial Protection Agency--as well as opposition from unexpected quarters. The existing regulators stand to lose money if a new agency is formed, and Republican and some Democratic lawmakers are backing off from the stronger regulations originally suggested.
Email this pageGRITtv: Showdown in Chicago: People vs. Bankers
Economist Dean Baker compared the American Bankers Association to termites, saying "it does most of its damage in the dark." But activists from all over the country have converged in Chicago this week for dramatic protests at the ABA's annual convention, designed to drag the bankers' actions out into the light. We'll have updates all week on the actions at the Showdown in Chicago, but here's a look at one of the first actions at the "Bankers' Ball," where activists decided to crash the party. Thanks to SEIU for the video.
