Democracy Now--Showdown in Chicago: Protesters Greet American Bankers Association Conference
By Heather Monday Oct 26, 2009 6:06pm
From Democracy Now:
SHARIF ABDEL KOUDDOUS: When the American Bankers Association scheduled their annual meeting in Chicago for this week, they probably weren’t expecting the reception they’ve received. Instead of a quiet convention in a downtown hotel, the ABA has been greeted by a parallel gathering of thousands of people in what organizers call the “Showdown in Chicago.” Spearheaded by the group National People’s Action, organizers have tried to bring together a cross-section of Americans affected by the financial meltdown, including homeowners, renters, farmers, workers and retirees. The Showdown kicked off Sunday when protesters entered the lobby of the hotel where the ABA delegates are gathering.
PROTESTER: We are not here to cause trouble. We are here because we are in trouble.
PROTESTER: That’s right!
CROWD: Bust up big banks! Bust up big banks! Bust up big banks! Bust up big banks! Bust up big banks! Bust up big banks!
PROTESTER: The American Bankers Association has helped loosen the rules that protect us, allowing the unfettered greed that has brought us to the brink of a recession. And to those bankers who are members and support the ABA’s war against the working and middle class, shame on you! Shame on you! Shame on you!
CROWD: Shame on you! Shame on you! Shame on you! Shame on you! [inaudible] We’ll be back! We’ll be back! We’ll be back! We’ll be back! We’ll be back! We’ll be back!…
SHARIF ABDEL KOUDDOUS: For more on the Showdown in Chicago, we’re joined by George Goehl. He’s executive director of National People’s Action, the lead organizer of the Showdown in Chicago.
George Goehl, welcome to Democracy Now! Can you first explain why the protest and why the ABA in Chicago?
GEORGE GOEHL: Yeah, I mean, if you really think about it, this is an incredible situation. I mean, who would have figured that the same banks that created the foreclosure crisis, sent the economy into a tailspin, needed billions in bailout dollars, would then lead the charge to kill any real financial reform that would protect consumers and make sure something like this didn’t happen again? So the ABA is the top lobby for the banks, and they decided to have their convention in Chicago, and we felt we had to be there to greet them.
SHARIF ABDEL KOUDDOUS: And what are some of the main things that you’re calling for?
GEORGE GOEHL: Well, one, we think their ideas have failed. Their focus on deregulation paved the road that we walk today. So it’s time that they stop spending tens of millions of dollars up on Capitol Hill each month trying to defeat financial reform and sit out on the sidelines, particularly around consumer protection, around policies, around “too big to fail,” and around community reinvestment. There’s a Consumer Protection Agency that’s been proposed by President Obama that would actually protect people from predatory consumer products, but the bankers are trying to kill that program.







