Bankers and Their Victims »
Posted By tehranchik 1 month, 3 weeks ago in Business & FinanceDay two of the Showdown in Chicago, a three-day-long protest against big banks, began a bit dismally for The Nation. An email from American Bankers Association spokesman John Hall informed us that our press credentials had been revoked. The reason? Because we'd arrived early to cover a protest outside the ABA's annual meeting at the Sheraton Hotel the night before, he told us, ABA officials believed us to be "moles for the protesters."
Alas. That meant I wouldn't have the chance to hear how there's a silver lining to every recession -- I'm sorry, recovery -- through such workshops as "Strategies for Acquiring Troubled Banks" (this is, after all, the first year since 1992 when more than a hundred have failed in a single year) and "NonInterest Income," no doubt rich with tips on how to increase revenue through hiking fees on checking accounts, credit cards, and overdraft protection. Nor could I learn how to roll back socialism in "Unwinding Government Intervention," or sort through the puzzling link between record unemployment and depressed spending in "The Impact of the Recession on Consumer Preferences and Behavior." Worst of all, I'd miss Newt Gingrich's keynote speech in which, it was promised, he would "strike an optimistic tone."
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tehranchik
Well, I'm from and live in the Pacific Northwest. I did live in the middle east during the late 70's and early 80 ...
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