The Militant Labor Forum presents:
Rising joblessness, bank failures, mortgage defaults: the economic crisis deepens
While mortgage payments increase and more working people face losing their homes, unemployment is rising, inflation increasing, and more banks and mortgage lenders are failing. The recent collapse of Indymac Bank highlights the limits of so-called ?deposit insurance? and the risk to working people of losing their savings and retirement funds. Meanwhile Congress is preparing to bail out the giant mortgage lending companies Fannie Mae and Freddie Mac. What program of action do working people need to defend ourselves here and around the world?
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Desempleo creciente, fracasos de bancos, faltas de hipotecas: la crisis econ?mica se profundiza
Mientras se crecen los pagos de hipotecas y m?s trabajadores pierden sus casas, el desempleo sube, inflaci?n est? creciendo, y m?s bancos y prestadores fracasan. El ruina reciente del banco Indymac indica los limites de ?seguro de deposito? y el riesgo al pueblo trabajador de perder sus ahorros y fondos de jubilaci?n. A la misma vez, el Congreso est? preparando el rescate de las compa??as gigantescas de hipotecas Fannie Mae y Freddie Mac. ?Qu? programa de acci?n necesitamos los trabajadores para defendernos aqu? y alrededor del mundo?
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Speaker: Arlene Rubinstein, Socialist Workers candidate for Congress, Dist. 37
Friday, August 1 * Viernes 1 de agosto 7:30 pm ? suggested donation $5
Militant Labor Forum 2826 S. Vermont, Suite 9, Los Angeles 323-737-2191 ? militantlaborforum@sbcglobal.net Habr? traducci?n al espa?ol
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