Marketplace Scratch Pad

Are you ready to rumble?

Scott Jagow Oct 26, 2009

The American people may have reached a boiling point with their anger towards Wall Street. As I write this, hundreds of protesters have gathered outside Goldman Sachs headquarters in Chicago. It’s part of a three-day rally aptly titled “The Showdown in Chicago.”

The rally coincides with the American Bankers Association annual meeting. These pictures were taken moments ago outside Goldman Sachs headquarters:

The protest organizers include unions, activists and consumer groups. They have a central website for photos, information and tweets: showdowninchicago.org. They’re literally making this out to be a boxing match with the ABA:

Here’s some footage from protesters crashing an ABA party last night:

Rob Johnson of the Roosevelt Institute is among the protesters. He writes on Huffington Post:

The question most asked here is “how long can this go on? Bailouts for the ones who created the mess, bankers acting like they earned it, foreclosures and bankruptcies and unemployment rising, and the Congressional Committees pretending to reform the financial regulatory system while they load up on money from the financial lobbyists.

My answer is that no one knows how long. We know that it will change. We will not see a nation that lives on 30 percent credit card rates. We will not see Wall Street wages forever at a 40 percent premium to wages throughout the economy adjusted for skill and experience. We will not pretend that only financial repackagers work hard and are deserving.

The question is when and how, not if, it will change.

Do you agree? Or are people just going to wind up like this guy, beating the crap out of stuff in their garage? (FYI – serious profanity)

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.