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Wednesday, April 1, 2009

Riots in London over Bank's Greed

s world leaders gather for Thursday's G20 summit in London, police are bracing today for "unprecedented" protests by a variety of groups.

"The G20 has attracted an unprecedented amount of interest from protest groups," Simon O'Brien, a senior commander from London's Metropolitan police, told reporters.

A tight cordon of hundreds of police officers with linked arms is protecting the Bank of England, one of the focal points of today's protests. The officers have sectioned off the area and protesters are occasionally surging against the human police chain.

Police are also surrounding nearby underground stations; thousands of police officers are patrolling England's capital.

Protests turned somewhat violent outside a branch of the Royal Bank of Scotland, one of Britain's bailed-out banks, after windows were smashed and demonstrators tried to storm the empty building.

A bank representative told ABC News earlier, "The safety of our staff and customers is of paramount importance and as such, we have taken the precautionary step of closing selected London branches." - ABC News Story

There are riots because the people are upset at the greed of the Financial Institutions and blame them for the current economic problems. I want to see how Obama's plan of giving them taxpayer money will go? What kind of reaction would these people have if they lived here and had Trillions of their dollars go to the banks to help bail them out?

1 comment:

Margie Burns said...

Friday, May 1 LINK:
Senate caves to bankers, passes up chance to help U.S. homeowners

www.margieburns.com on Fri 01 May 2009 11:01 AM EDT

The U.S. Senate could have stepped up to the plate yesterday and passed an amendment to help bankruptcy judges help homeowners. Instead, twelve Democrats joined all the Republicans in the Senate--including those two supposed 'moderates' from Maine that we hear so much about--to defeat the amendment.

The amendment to Senate bill 896, called the Helping Families Save Their Homes Act of 2009 and introduced by Sen. Chris Dodd (D-Conn.), would have facilitated renegotiation in foreclosures by bankruptcy judges. It was proposed by Sen. Dick Durbin (D-Ill.)--and if only Durbin had been stronger in protecting the rule of law in ... more »

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