After 40 years, banking industry's annual meeting faces protesters again in Chicago
Hundreds of protesters are gathering in Chicago this week to demonstrate at the American Bankers Association's annual meeting. The protesters are calling on banks that received billions in federal bailout money to help consumers who have fallen victim to bad loan practices and are losing their homes to foreclosure. The protesters are calling the rallies a "Showdown in Chicago."
Read more here in the Chicago Tribune, about the influence of unions in the protest here from NPR, and about picketing outside the Chicago offices of Goldman Sachs and Wells Fargo here from the Wall Street Journal.
In my many years of reporting on the banking industry, I covered ABA annual meetings from New York to New Orleans to Chicago to Honolulu. The last time there were serious protests directed so vigorously and specifically against bankers was in... Chicago, in the late and admittedly combative 1960s.
What goes around comes around.
Photo: Deborah Clark joins thousands of protestors demonstrating in Chicago for bank reform during a rally before marching to the Sheraton Hotel where the ABA annual convention was held. (Photo by Scott Olson/Getty Images)
-- Robert Trigaux, Times Business Columnist