The national underemployment rate is 17.5 percent. Without the $700 billion bailout, Wall Street banksters would be among the unemployed. Instead, they are making record profits and doling out multimillion dollar bonuses.
Public Citizen and SEIU and organizing a protest in front of Goldman Sachs’ DC office, 101 Constitution Avenue, N.W., today at Noon to protest the obscene bonuses and send a message to Congress, “Enough is enough.”
In a statement, Public Citizen President Robert Weissman said:
More than a year after the onset of the financial crisis, three things are apparent: Congress has not passed any financial reform legislation (except for credit card rules); the more time passes, the more Wall Street objects to the prospect of any meaningful controls of its operations; and the legislation that has so far progressed in Congress is not commensurate with the scale of the crisis Wall Street caused.
It’s time to break up the big banks, clamp down on the Wall Street bonus culture - including by imposing a windfall tax on the $140 billion in bonuses and compensation that Wall Street aims to pay in 2009 - and impose a speculation tax on stock and derivative trading. These and like measures are what the public wants - and they are what we need to prevent a recurrence of the financial meltdown.
Can’t be there? Then sign the petition and “fight the powers that be.”