Current Secretary of the Treasury Timothy Geithner was president of the New York Federal Reserve when AIG and big banks were given the secret bailout. The editors of Fight Back! say that Geithner should resign, or be removed from the post of Treasury Secretary.
On Friday, Jan. 8, the Labor Department reported that 85,000 more jobs were lost in December of 2009. This was much worse than mainstream economists predicted and shows that another ‘job-loss’ recovery may be underway.
Members of the Welfare Rights Committee and the Minnesota Coalition for a People’s Bailout gathered in the state capitol building, Dec. 2, outside the room where Minnesota Management and Budget department heads presented the ‘November Forecast,’ projecting a $1.2 billion deficit.
Friends, neighbors and supporters of Leslie Parks, a longtime resident of south Minneapolis who is facing foreclosure, gathered in front of her home Nov. 19, to demand that her mortgage holder - IndyMac - come to the table and reach an agreement that allows Parks to remain in her home.
As of Nov. 18, dozens of tents are cropping up on UCLA’s quad as over 100 students begin a tent city, part of an all-night protest against the budget cuts, layoffs and tuition hikes in the University of California (UC) system.