Shame on Charles Schwab

While working families across America are protesting Charles Schwab’s support for Social Security privatization, the investment firm doesn’t seem to be listening. Unlike other finance companies, Schwab has not dropped its membership in lobbying groups ready to spend millions to privatize Social Security.

Schwab must be ashamed of its position—as it should be. Company executives are claiming Schwab hasn’t taken a position on privatization. Shame on Schwab for trying to pass off that nonsense—Schwab belongs to, funds and even takes leadership roles in several of the business groups pouring money into the fight to privatize Social Security. According to published reports, Schwab’s chief investment strategist, Liz Ann Sonders, and Charles Schwab, the CEO himself, have endorsed privatization.

Please take a minute to fax the following message to a Schwab office near you.