A coalition of progressive political organizations, trade unions and groups against poverty, racism and foreclosures is expected to protest taxpayer bailouts of banks and call for their nationalization. Protesters are expected to march on Wall Street in New York this year and call for permanent nationalization and the outlawing of gimmicks like derivatives. Nationalization would break the hold of corrupt but powerful financial interests which have incalculably damaged the world economy.
Ideally, the Wall Street demonstration would form part of a Global March on banks, including London's "The City" where the majority of Britain's and much of the world's financial control is vested.
Sign up for online discussion for organizing the March at:
http://groups.yahoo.com/group/MarchOnWallStreet/
POSTER COMMENT: Avoiding foreclosures is not enough. Part of the current financial chaos is due to inflated house prices due to speculative flipping. House prices have to be permanently limited to the cost of building, furnishing, repair and upgrades. Speculative gains need to be outlawed to maintain order in the housing market, particularly since shelter is a living essential.
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