The Socialist Party USA (NYC local) protests against
the proposed $700 billion Wall Street bailout. This
proposal caters to the wishes of Wall Street bankers
while disregarding the increasing indebtedness and
economic squeeze which most working people are
experiencing. The corporate "bailout culture" sends
the message to all sorts of corporations that public
tax funds are fair game for laying-off bad
investments.

Wall Street is responsible for cleaning up its own
mess. The primary source of the immediate financial
crisis in the banking industry is mortgaged-backed
securities packaged by mortgage lenders and then sold
to banks that were willing to make a market for these
new financial instruments. Bankers made these
purchases with full knowledge of the potential for
loss. To now ask the federal government to coverread more »