Labor Targets Wall Street on Private Accounts

NPR | By Frank Langfitt

Published April 1, 2005 at 12:00 AM CST

John Sweeney, head of the AFL-CIO, leads a crowd of union protesters outside the Washington offices of investment firm Charles Schwab.

Leaders of organized labor staged protests around the country Friday, opposing President Bush's drive to overhaul Social Security and create personal investment accounts.

But instead of going after the president or members of Congress, labor leaders are targeting Wall Street firms. They say the companies are quietly promoting Bush's proposal to let people put a portion of their Social Security savings into the stock market.

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Frank Langfitt

Frank Langfitt is NPR's Roving National Correspondent. He has covered everything from threats to democracy and the use of inflatable animals as political props to America’s biggest croquet tournament, its oldest fiddler’s convention and the creative process behind Born to Run.

See stories by Frank Langfitt