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US homeless want bank to foot the bill
Published: 20 March, 2010, 07:21
Edited: 21 March, 2010, 12:51
A shoppers walks out of Bloomingdale's past a homeless man in New York on January 29, 2010 (AFP Photo / Timothy A. Clary)
(8.4Mb) embed videoTAGS: Crisis, Protest, Crisis Chronicle, Human rights, USA
Protestors took to the streets of New York demanding that one of America's biggest banks start to repay its billion dollar bailout and provide help for some of the city's homeless.
Chase Manhattan bank is accused of letting hundreds of unused properties go to waste when many people don't even have a roof over their head.
What the homeless community is demanding is that Chase, after being bailed out by taxpayers to the tune of $25 billion, now reciprocate and essentially hand over some of its properties so the homeless can move into the buildings.
The homeless people were rallying out on the street earlier this week, sending their message to the bank. They say it’s not fair that the banks received a bailout while those who have nothing are now in worsening conditions due to the recession.
19.03.2010, 22:26
8 comments
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RT: "They say it’s not fair that the banks received a bailout while those who have nothing are now in worsening conditions due to the recession." Life in a democracy is never fair - nor, can it be. Democracy is a political system that thrives on grab-as-grab-can greed in individuals. There are the winners and then there are the not as successful. The American homeless are on the bottom of the pile. The homeless don't understand how the financial world operates in America. The wealth of the nation always flow to the top inner circle of executives and CEOs of the American industry and finance - and never to the bottom. Of course, the politicians get their share to keep them supportive of the American "democracy". These homeless people can beat their plastic buckets, stomp their feet and chant all they want, but they will still be out on the street and penniless.