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Indian sparks off bailout protests in the US

September 27, 2008

Text: Moira Herbst, BusinessWeek.com

Arun Gupta was enraged as he learned the details of Treasury Secretary Henry Paulson's plan to fix the U.S. banking system with $700 billion in taxpayer funds.

The 43-year-old copy editor and freelance journalist, who publishes his own alternative newspaper, The Indypendent, needed to channel his angst but couldn't find a live protest to attend.

So on Sept. 22, he sent an e-mail to some politically active friends in New York. Within days, they'd planned a protest against the bailout in New York and at 80 other locations in the U.S. on Sept. 25.

Image: People rally in front of the New York Stock Exchange in the financial district against the proposed government buyout of financial firms in New York City. | Photograph: Spencer Platt/Getty Images

Also read: Mad as hell on Main Street
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