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Recognizing Labor's Financial Challenges

Without question, big Wall Street banks have wrought great harm to union pensions and other investments, not to mention wrecking the U.S. economy. The key challenge for labor is to find an alternative to reckless banks, many of which are tightly aligned with big corporations and use profits from labor's own capital to block labor's goals.

Continued investment in these same banks will continue to harm organized labor, its affiliates, and union families. Labor's capital will work most productively to encourage labor jobs, expand labor's facilities, and fight for labor's causes when secured in the Bank of Labor. We can best meet our challenges when our collective assets are united in a bank that believes in labor, was founded by labor, is owned by labor, staffed by labor, and share's labor's vision for the future.