Ten thousand AFL-CIO union members marched on Wall Street May 2, demanding that financial bigwigs call off the swarm of lobbyists working to gut regulatory reform legislation.
The workers also called for an end to the Street’s focus on speculative investments over business lending, and for the big banks to funnel some of their spare cash into job creation initiatives.
“We are all paying the price for those who knew no limits on their greed,” AFL-CIO President Richard Trumka told the crowd. “Eight and a half million jobs – that’s the real cost of bankers’ bonuses and private jets and cute tricks like the one that got Goldman Sachs in trouble.”
The rally began precisely at Wall Street’s 4 p.m. closing hour, with a slow march down a six-block route, followed by Trumka’s speech near the iconic bull at the corner of Wall Street and Broad.
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