Wall Street

10,000 workers shut down Wall Street

On April 29, more than 10,000 union members and others organised a protest on Wall Street in New York organised by the AFL-CIO union federation, Alternet.org said the next day. 鈥淭he banners declared 鈥榃all Street: Never Again鈥 and 鈥楲ess Audis, More Audits鈥. Almost to a one, they echoed the clear policy demands of the day: regulatory reform, new taxes on banks and speculators, and a jobs bill.鈥

We kid you not

Six US banks control 60% of GDP 鈥淭hey are Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo. They have assets equivalent to 60 percent of our gross national product. 鈥淎nd to put this in perspective, in the mid-1990s, these six banks or their predecessors, since there have been a lot of mergers, had less than 20 percent. Their assets were less than 20 percent of the gross national product.鈥