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UE/Labor Party On-Line Social Security Workshop

In It
Wall Street?

Why is Wall Street Fighting So Hard
to Privatize Social Security?

Safe with me!

Wall Street and the financial industry are sparing no expense to influence public opinion.

• DuPont Co., Morgan Stanley & Co. and others have donated nearly $1 million to Economic Security 2000, a group formed to develop support for privatization

• Businesses and wealthy individuals have provided a $2 million budget to "Citizens for a Sound Economy" for media ads.

• Insurance companies and other brokerage firms have given $2 million to the Cato Institute to fund research conferences, and other activities for members of Congress, their staffs and other groups.

What they don’t tell you: Wall Street would rake in $240 billion in fees alone in the next 12 years.

Source: The Washington Post in the Economic Policy Institute’s Paycheck Economics



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