NEW YORK — Nearly 200 demonstrators, protesting the government-led bailout of Bear Stearns, pushed past security guards and forced their way into the investment bank's high-rise headquarters in Midtown Manhattan.

"Help Main Street, not Wall Street" was the chant that arose once the protesters amassed in the lobby on March 26. They also waved placards and sounded air horns as stunned Bear Stearns employees looked on.

The demonstration was organized by Neighborhood Assistance Corp., a nonprofit group, to denounce the Federal Reserve Board's decision to expend $29 billion to save Bear Stearns while millions of homeowners are at risk of foreclosure, the organization said.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.