SOURCE: SERVICE EMPLOYEES INTERNATIONAL UNION

March 14, 2007 13:28 ET

As US Chamber of Commerce Holds Capital Markets Summit, SEIU President Andy Stern Warns Against Altering Rules of the Economy to Benefit the Few

Letter Today From Stern to Congressional Leaders Responds to This Week's Report From the US Chamber's Commission on the Regulation of US Capital Markets

WASHINGTON, DC -- (MARKET WIRE) -- March 14, 2007 -- This week's report by the US Chamber of Commerce Commission on the Regulation of US Capital Markets reads like a set of special pleadings to alter the rules of the economy to benefit the few, says a letter sent today to the chairs and ranking members of key Congressional committees from SEIU (Service Employees International Union) President Andy Stern. Today the US Chamber is convening its first annual "Capital Markets Summit" in Washington.

"The worst development for our country would be to tweak the rules of the game yet again in a way that would enable the few to profiteer, without creating an America that shares prosperity with everybody," says Stern in the letter. "We need to work together to solve the crisis of exclusion from the country's economic gains. Otherwise, we risk becoming a society with islands of wealth surrounded by an ocean of economic insecurity, rather than a vast mainland of prosperity."

Click here to view the full text of the letter.

With 1.8 million members, SEIU is the fastest growing union in North America. Focused on uniting workers in three sectors to improve their lives and the services they provide, SEIU is the largest health care union, including hospitals, nursing homes, and home care; the largest property services union, including building cleaning and security; and the second largest public employee union.

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