From AFL-CIO president Richard Trumpka:
So, the financial services industry says it wants to “earn back the trust of the American people.”
That must mean it’s loosening up loans to small businesses and investing money in communities hard hit by the nation’s jobs crisis, right?
Actually not. According to the Financial Services Roundtable, which represents the 150 largest banks and insurance companies, “earning back the trust of the American people” means spending millions of dollars on a public relations campaign to make Big Banks look warm and fuzzy.
Here’s a message for the corporations that took $700 billion in our taxpayer bailout dollars: America’s 17 million jobless workers can’t feed their families on PR. Link to article…