Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. If every visitor to this site in December gave just $10 we could cover our basic operating costs for 2017. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

"You Got Bailed Out, We Got Sold Out" - Thousands Protest on Wall Street

StoryApril 30, 2010
Watch iconWatch Full Show

Thousands of people turned out for a protest on Wall Street Thursday to denounce the taxpayer-funded bailout and the role of large financial firms in the nation’s economic crisis. A coalition of union and community groups organized the march as the Senate opened debate on a measure to overhaul financial regulation. [includes rush transcript]


TRANSCRIPT
This is a rush transcript. Copy may not be in its final form.

AMY GOODMAN: In New York, thousands of workers and union leaders marched on Wall Street Thursday to express their outrage over the recession, predatory lending practices and the federal response to the crisis. Independent journalist Brandon Jourdan was on the scene and filed this report for Democracy Now!

    BRANDON JOURDAN: Approximately 10,000 people marched to Wall Street in protest of job losses, home foreclosures, questionable lending practices, and the tax-funded bailout of financial institutions. Before the announced rally, over 100 protesters disrupted the lobbies of two bank offices. Demonstrators entered the JPMorgan Chase office on Park Avenue.

    PROTEST SPEAKER: JPMorgan Chase helped cause the Great Recession in many ways, including in issuing over $295.3 billion in subprime loans from 2005 to 2007 through direct organization and investments.

    BRANDON JOURDAN: The group then proceeded to the Seagram Building, which houses the offices of Wells Fargo and Wachovia.

    PROTEST SPEAKER: Wells Fargo helped cause the Great Recession in many ways, including organizing or cost issuing $74.2 billion worth of subprime loans.

    JOSEPH FERDINAND: We tried, you know, email, snail mail, phone calls, and it’s as though we didn’t exist. So, we took it up a notch, and we came to them.

    BRANDON JOURDAN: At 4:00 p.m., as Wall Street’s closing bell sounded, thousands of workers rallied at City Hall in downtown Manhattan.

    JACK AHERN: Americans are left counting pennies, while the bankers are counting billions. And that just ain’t right.

    BRANDON JOURDAN: Following an hour rally, the crowd marched down Broadway past Wall Street to Bowling Green.

    PROTESTERS: You got bailed out! We got sold out! You got bailed out! We got sold out!

    REV. LISA ROBINSON: As I talk to you, I have been served with foreclosure papers. So I’m here demanding that something be done. They came to the little people to be bailed out. Now it’s time for Wall Street to step up and do something for the people to help us maintain what we have. The main message is, stop predatory lending. We need jobs. Stop these astronomical interest rates. And help the people that got you where you are today.

    PROTESTER: We’re down here to let the banks know that we’re tired of their mess.

    BRANDON JOURDAN: The rally was organized by a large coalition including National People’s Action, the AFL-CIO, SEIU, MoveOn.org and several community groups.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Next story from this daily show

Spewing 5,000 Barrels of Oil a Day, BP Spill Hits Louisiana Coastline

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation