Labor & Employment Law

Join Us and Make Wall Street Pay

By James Parks

Starting today, the union movement and our allies are taking our fight for good jobs now to the biggest Wall Street banks whose reckless greed has gone a long way to wreck the U.S. economy and kill American jobs.

From March 15-26, working people will hold rallies and demonstrations at branches of the Big Six Wall Street banks?Bank of America, Chase, Citigroup, Wachovia-Wells Fargo, Goldman Sachs and Morgan Stanley?across the country. They will tell the banks: “I Am Not Your ATM” and “Make Wall Street Pay for Creating New Jobs.”

You also can tell Wall Street executives to pay to create good jobs by sending a letter urging them to do the right thing. Just click here.

Find out about events in your area here. If you take part in an event, be sure to send us your photo or video here.

The AFL-CIO Good Jobs Now site has all the tools you’ll need to let Wall Street know we mean business. There’s a Wall Street fact sheet, along with an explanation of our stand on making Wall Street pay to create good jobs, arguments for extending unemployment insurance benefits, creating good, green jobs with benefits and other issues.

The AFL-CIO supports four proposals for banks to pay a fair share to restore the economy: fees on Wall Street banks to pay back the cost of the bank bailout; a special levy on Wall Street bonuses, as proposed in the United Kingdom; a tax on the income of hedge fund and private equity managers, the wealthiest people in the country, at ordinary income rates, by closing the carried interest loophole and a financial speculation.

Full post as published by AFL-CIO NOW BLOG on March 15, 2010 (boomark / email).