top
San Francisco
San Francisco
Indybay
Indybay
Indybay
Regions
Indybay Regions North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area California United States International Americas Haiti Iraq Palestine Afghanistan
Topics
Newswire
Calendar
Features
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature

A New Way Forward

by kristin hope (omgsoy [at] gmail.com)
Hundreds of protesters converged on the Federal Reserve Bank at 11am in solidarity with nationwide protests against the global financial crisis. Organized by A New Way Forward, this grassroots movement attracted a diverse crowd that made plenty of noise. This event was what will hopefully become a first step towards a series of national and international protests, culminating in the successful regulation of our nation's financial systems.
640_img_8565.jpg
Demonstrators marched in front of the Federal Reserve Bank: a symbol of unaccountability and a lack of transparency which plagues our society. Protesters ranged from young anarchists to the Raging Grannies, with a variety of political affiliations represented. This is a bi-partisan, non-political issue and A New Way Forward aims to give a voice to the voiceless and a means to take down a corrupt system in which those with the money decide the fate of the masses.

The protest lasted for about an hour and fifteen minutes, when some decided to continue the fight and take it to Union Square and others lingered around the Federal Reserve, receiving honks from passing cars and tour busses.

America has seen successful financial regulation, stemming from the Glass-Steagall Act of 1933, commonly known as The Banking Act, which separated financial institutions based on their type of business - commercial versus investment. In 1999, when Glass-Steagall was repealed by Sen. Phil Gramm (R-Texas), large banks were able to merge the previously separate sectors of business to form the mass conglomerates which - in part - caused the financial crisis in which we find ourselves today. Lobbyists, with their powerful campaign contributions, encouraged our government to enact legislation which benefited the banks; causing people to be stripped of their voice, silenced by money. Without regulation, our people are at the mercy of CEOs and shareholders. Regulation and nationalization worked before. It can work again.
§Jail the CEO!
by kristin hope
640_img_8603.jpg
§Burn it like an effigy!
by kristin hope
640_img_8597.jpg
§crowd1
by kristin hope
640_img_8570.jpg
§crowd2
by kristin hope
640_img_8579.jpg
§grannies2
by kristin hope
640_img_8600.jpg
Add Your Comments
Listed below are the latest comments about this post.
These comments are submitted anonymously by website visitors.
TITLE
AUTHOR
DATE
Lotus Yee Fong
Sat, Oct 17, 2009 9:09AM
Boone A.
Tue, Apr 14, 2009 4:11PM
yes
Mon, Apr 13, 2009 5:55PM
green pacificst
Mon, Apr 13, 2009 5:21PM
a-feminist
Mon, Apr 13, 2009 12:43PM
keep your eye on indybay
Mon, Apr 13, 2009 11:20AM
Aaron Aarons
Mon, Apr 13, 2009 4:56AM
me again
Mon, Apr 13, 2009 1:23AM
a-feminist
Sun, Apr 12, 2009 4:26PM
WalkTalk
Sun, Apr 12, 2009 2:54PM
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$ 70.00 donated
in the past month

Get Involved

If you'd like to help with maintaining or developing the website, contact us.

Publish

Publish your stories and upcoming events on Indybay.

IMC Network