Angry protesters converge on the Chicago headquarters of Goldman Sachs.
They plan to ask Goldman Sachs to donate its entire projected $23 billion bonus pool to prevent every foreclosure in America. The protesters are calling their rally --- which is supposed to last for three days – Show Down in Chicago.
The rally dovetails with the American Bankers Association’s annual meeting.
ABA President Edward Yinglin defended his organization against the protestors during his opening remarks, by pointing out that many of those in attendance are community bankers.
"You did not make any abusive subprime loans; you did not take big bonuses for products that later blew up," Yingling said, according to Reuters.
Still, demonstrators are taking the opportunity to make a statement about their dissatisfaction with America’s banking system.