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Living on Less in an Age Where Banks Are Thriving on Excess

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opednews.com Headlined to H4 10/24/09

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Ferol Wagner of CCI talks about the criminality of payday loans

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Member of "Greatest Generation" Tells Her Story, Speaks Out

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Ordinary Americans from all over the country will be coming to Chicago to protest a banking industry that has committed massive acts of fraud and corruption and manipulated the political process to obstruct the passage of any kind of financial reforms that may prevent them from further accumulating wealth.


Wall Street doesn't want to be told what it can and cannot do, but at the Showdown in Chicago, folks like Ferol Wagner, who have lost major portions of their retirement savings, will come out on October 25-27 to "demand responsibility, accountability and restitution" from Wall Street "for their greed and fraudulent acts."

Wagner, an 81-year old member of Citizens for Community Improvement (CCI) from Des Moines, Iowa, lost 30% of her retirment savings to the economic collapse. She explains her current situation:

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"I have to be real frugal with these savings cause I have no other source of income and I am a widow---I am 81 years old. We never know how long we live. Now, there's longevity in my family. My mother lived to 101. If I should live that long or even close to that, my savings will have gone down and been depleted long before that. Of course, I'll have Social Security. That's what I think now, but there may be a problem with that and it won't pay all the bills. And if I go to a nursing facility, I don't know where the money will come from. I should not be forced to be a burden on my loved ones."

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Kevin Gosztola is managing editor of Shadowproof Press. He also produces and co-hosts the weekly podcast, "Unauthorized Disclosure." He was an editor for OpEdNews.com

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