The New York City Central Labor Council is calling for a mobilization tomorrow in Wall Street to protest the bailout for bankers. Here is a piece of the statement which outlines the demands:

In response to the growing concerns for worker’s needs, the Central Labor Council Executive Board today announced the following “Seven Conditions for $700 Billion Bailout Plan”:

1.    Tap Into Financial and Legal Tools to Stop Home Foreclosures.  Use the full array of financial and legal tools available to the government to stop home foreclosures and restructure home mortgage loans for working families. 

2.    Institute Aggressive Public Oversight.  Any action of the $700 billion bailout must be governed by an independent board with transparency and effective public and congressional oversight.

3.    Stop the CEO Party Train.  Restrict executive compensation at any companies that directly benefit from the bailout.

4.    Repeal the Bush Tax Cuts.  Repeal of Bush tax cuts to finance the bailout; invest money towards national infrastructure investments in highway, bridge and rail maintenance and improvements, and improvements in public educational systems and preservation of public services, mass transit and health care services.

5.    Let Wall Street Pay for Wall Street’s Mistakes.  Every company that benefits financially from the bailout must present a secure return investment plan.

6.    Prey on the predators.  Crackdown on predatory lending practices by corrupt financial institutions by using full force of the law.

7.    Address Corporate Governance Imbalances.  Work to address the disastrous weaknesses in our financial regulatory system and corporate governance structure that allowed our financial future to become so vulnerable. 

 

   The demo goes down at noon at Broad and Exchange Place…