K Street Showdown with Big Banks’ Lobbyists May 17
Last week, 10,000 of us-along with 16,000 virtual marchers-marched to the doors of Wall Streets’ Big Banks and told them it was time to pay to restore the millions of jobs their reckless practices destroyed and time to stop their multi-million dollar lobbying campaign to kill Wall Street reform.
On May 17, we’re set for a Showdown on K Street, the famous Washington. D.C., avenue of high-priced, deep-pocketed, hired-gun lobbyists who are leading the Big Banks’ fight against real Wall Street reform.
The action targets the lobbyists for Wall Street’s Big Six banks-Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo/Wachovia.
Since last year and so far through 2010, big banks are spending about $1.4 million a day in lobbying and political expenses to fight reform. There are four Big Bank lobbyists for every member of Congress.
Like we did in downtown Manhattan, we’re partnering up with the National People’s Action, MoveOn, SEIU and others to deliver a message that the Big Banks’ money or their lobbyists can’t silence-the American people demand an end Wall Street’s dangerous practices and financial products that tanked the economy.
Details for the march and rally are still being worked out, so stay tuned.