Letters to the editor

All in this together

published October 17, 2011

[This letter was originally published in the New York Daily News on Oct. 17, 2011.]

Manhattan: Union members are supporting the Occupy Wall Street movement because they know their pensions are at stake. The 2000-2002 drop in the stock market caused by greedy corporate manipulators devastated union members' pension funds. In 2008-2009, the value of the pension funds was again greatly depressed by the drop in the market caused by bankers and their Wall Street allies who recklessly, unethically and perhaps illegally put together investments that were designed to fail. Only when Wall Street is regulated and markets are not manipulated will American workers be able to invest for a secure retirement.

Mel Aaronson, treasurer, UFT