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Labor Targets Wall Street on Private Accounts

John Sweeney, head of the AFL-CIO, leads a crowd of union protesters outside the Washington offices of investment firm  Charles Schwab.
Frank Langfitt, NPR
John Sweeney, head of the AFL-CIO, leads a crowd of union protesters outside the Washington offices of investment firm Charles Schwab.

Leaders of organized labor staged protests around the country Friday, opposing President Bush's drive to overhaul Social Security and create personal investment accounts.

But instead of going after the president or members of Congress, labor leaders are targeting Wall Street firms. They say the companies are quietly promoting Bush's proposal to let people put a portion of their Social Security savings into the stock market.

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Frank Langfitt is NPR's London correspondent. He covers the UK and Ireland, as well as stories elsewhere in Europe.