Susan Brannon
12 October 2011
Occupy Wall Street Arrests
Unfortunately, the organization is not quite organized enough to maintain a list of those arrested during the Occupy Wall Street Protests throughout the country and provide numbers. I tried my best to get the "numbers" here is what I have found.
New York - Sept 20th 7
New York - Sept 24th 80
New York - Sept 25th "dozens" at least 50
New York - Oct 1, More than 700
New York - Oct 6, 28
There are some great images out there:
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Wednesday, October 12, 2011
Occupy Wall Street - Arrests
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Tuesday, October 11, 2011
Justice Department Request Information for WikiLeaks Volunteer
Susan Brannon
10 October 2011
Google, the email giant has been forced to release email information of the WikiLeaks volunteer's to the U.S. Justice Department. Another email company, Sonic fought the order that was issued on January 4, 2001 but lost the case. Sonic felt that they did the right thing, in spite of the high cost to fight the request. At this time, it is unclear if Google, fought the request, or compiled.
The US government requested login IPs and the IPs of those that the WikiLeaks communicated with, as well as their email addresses. They requested information dating back to November 1, 2009.
Unfortunately, the Electronic Communications Privacy Act, dating back to 1986 is questionable to the seizures of private communications. The Act was introduced three years before the world wide web was born. Both Google and Microsoft are trying to fight for a reform of the law. The law makes it easier for the government to access emails that the postal mail.
Assange, the founder of WikiLeaks has already warned the U.S. citizens that Facebook, Yahoo and Google account information is quite accessible to government officials.
1) The government do not need a search warrant, they do not need not need to show probable cause, but on reasonable grounds and the emails could contain relevant and material to an investigation.
2) They email providers are prohibited from notifying that the emails have been searched or seized.
In the last six months of 2010, Google received 4,601 requests for data and they complied with 94% of the requests. Google has a transparency report on their website. (Transparency Report)
The request for email was for an Applelbaum who is a Tor Project programmer, that helps keep identities protected on the Internet. His friends have had their laptops and cell phones temporarily seized. The Justice Department wants to know who Appelbaum has corresponded with which they feel would be more useful.
On October 7th, the White House released and executive order to fight federal employee leaks of private information is an Insider Threat Task Force. The insider Threat Task Force, is lead by Attorney General Eric Holder and Director of National Intelligence James Clapper.
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Occupy Wall Street-Demands
Susan Brannon
11 October 2011
The mainstream news seems to be a bit confused about the Occupy Wall Street demands. Although there is not a physical list of demands, the voice is clear. I just can't understand why FOX news can't get it. In response, I decided to put images of the signs during the protests. Yes, the signs do have words on them, which generate a voice, by the people for the people. I don't think that it is too difficult to figure out. FOX,...why don't you hire me to do your research or go out in the field and figure it out for you? (I don't have a job)
Have fun reading!
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
11 October 2011
The mainstream news seems to be a bit confused about the Occupy Wall Street demands. Although there is not a physical list of demands, the voice is clear. I just can't understand why FOX news can't get it. In response, I decided to put images of the signs during the protests. Yes, the signs do have words on them, which generate a voice, by the people for the people. I don't think that it is too difficult to figure out. FOX,...why don't you hire me to do your research or go out in the field and figure it out for you? (I don't have a job)
Have fun reading!
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
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Another Hidden ATM Bank Card Fee Scam: High to Low Processing
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
CREDIT CARD BAD BOYS
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Sept 2011 Wells Fargo to charge $3.00 to use a debit card!?! Use a credit union!
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Occupy Houston October 6, 2011: Interviews and March on Wells Fargo Plaza
Bank of America Cash Advance Scam
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
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Bank fee surprises Oct 2011
Wells Fargo, Citi Bank, altering rewards programs, Bank of America
thus one of the reasons for Occupy Wall Street Protests
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Monday, October 10, 2011
Homeowner vs Bank of America: No Deed No Debt
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Bank of America recorded call regarding foreclosure Part 2 of 2
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Bank of America recorded call regarding foreclosure Part 1 of 2
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Bank of America Walkout
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Bank of America refuses to let customers close accounts
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
You can also close your account with the larger banks like these people
as a way of joining the revolt for Occupy Wall Street.
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Police brag to use nightsticks 10.05.11
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cops beating people up at occupy wall street
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What is Wall Street?
Susan Brannon
10 October 2011
What is Wall Street?
Wall Street does not refer only to the stock exchange, but also to big business interests against those of small business and the working middle class. It is used for research analysts, shareholders and financial institutions including investment banks. The term Wall Street can be used instead of the term "corporate America" Wall Street represents financial and economic power, elitism and power politics. In the past "Wall Street" was a positive and powerful term for times when America was in a financial bubble. However, today Wall Street is viewed negatively by many Americans because of the mortgage mess from 2007-2010; the banks bailouts and bank corruption along with 'ponzi schemes'.
Wall Street is located in the financial district of New York. It is an eight-block-long street housing the NY Stock Exchange, NASDAQ, New York Mercantile Exchange, NY Board of Trade, and many big named global and American banks such as Citi Corp, Goldman Sachs, JP Morgan, Chase, and Merril Lynch.
There is a special Wall Street culture, back in 1996 anthropologist Karen Ho worked on Wall Street. Later she decided to work towards a Ph.D. and research the Wall Street culture. By 2009 she finished her research and she discovered that Wall Street is the "nexus" to major U.S. corporations and institutional investors" with a lot of influence. In the 1980's there was constant change, people moving and restructuring. She explains that the Wall Street attitude influences the rest of the corporate world. For example, if the mortgages aren't the best thing, they say, "Let's get rid of the mortgage desk and we'll hire them back in a year." Although people are working hard each week, they talk about job insecurity. The bankers understand that they are 'liquid people" It is a part of their culture.
The bankers know that they may not have their job next year. Ho quoted one banker as saying, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." They are structured to push as many deals as they can through. Yes, they see their jobs as risky, but they feel that this is the reason that they were paid 1 million the last year. Many of us do not have that privilege, and when we loose our jobs, it is really hard to pick ourselves back up again.
The bankers imagine that outside workers are like themselves, with interchangeable skills, thinking that downsizing is a challenge and always networked. However, it is not the same thing for the average American worker. Most American's experience downward mobility when loosing their jobs. Ho feels that the problem is that today, Wall Streets values have "reached out to so many corners of people's daily lives that actually changing the system means that everyone has to change."
I believe that our system is not ready for that type of change, and the Americans don't want a negative change, but we are feeling it. Corporations are downsizing, cutting hours, workers, closing factories, out sourcing, moving abroad and their are not enough jobs to replace them. We do not make that $1 million a year for the down years to keep us going. Most of us live from paycheck to paycheck. Last month American credit card spending went up 60%. More and more Americans are charging their food and basic needs.
One thing is certain, the Wall Street culture does not work on Main Street.
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
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Sunday, October 09, 2011
Obama: Wall Street reform 2011
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?Obama Presidential Campaign on the Bank Corruption...
Talking about Wall Street and large amounts of money being spent on Lobbying.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?Obama Presidential Campaign on the Bank Corruption...
Talking about Wall Street and large amounts of money being spent on Lobbying.
Wall Street Prostitution Ring BUSTED
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Obama speech (2009) Wall Street's "Complacency"
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How Does Goldman Sachs Make Its Profits (Part 2)
See Part one first! Occupy Wall Street
How Does Goldman Sachs Make Its Profits? (Part 1)
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
A reminder; Occupy Wall Street
Bill McKibben at Occupy Wall Street rally 10/8/2011
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Examples of U.S. Financial Corruption
Susan Brannon
9 October 2011
Examples of U.S. Financial Corruption
- Most gold is traded on the markets and is not backed by the actual metal itself. When people think that they are buying gold, they are actually buying pieces of paper that say that they own gold, while being charged storage fees to store the gold. Insiders reveal that the London Bullion Market Association has approximately a hundred times more gold deposits than actual gold bullion.
- Joe Cassano to helped bring down AIG is getting away scott free and can keep the millions in profits that he made in the process.
- Goldman Sachs denies "betting against clients"...the Wall Street bank issues eight-page letter to shareholders justifying its conduct before, during and after the financial crisis.
The eight-page letter, signed by chief executive Lloyd Blankfein and president Gary Cohn, also contained a detailed defence of the $12.9bn (£8.5bn) payout which Goldman received from AIG after the failed insurance giant was bailed out by the US government. Goldman had helped to fuel the housing boom during the last decade by packaging hundreds of millions of dollars worth of housing loans into complicated financial products such as collateralised debt obligations (CDOs). "These CDOs were sold on to other banks and investors such as pension funds, who suffered big losses when the sub-prime housing bubble burst. Goldman, though, actually profited from the fiasco by short-selling the market before the credit crunch." (The guardian)
Goldman was the biggest beneficiary from the US government's bailout of AIG in autumn 2008. Goldman claimed at the time that its exposure to AIG was "immaterial", but in March 2009 it emerged that it actually received $12.9bn of the $44bn handed to various counterparties who had taken out insurance contracts with AIG. Goldman said that $4.8bn of the money was paid in return for securities which could otherwise have been sold for the same price, while $2.5bn covered existing debts owed because of the deteriorating market.
Another $5.8bn was handed over to settle credit default swaps, or insurance contracts, on the CDOs that had helped to create the crisis.
- Goldman Sachs made billions of dollars from the economic collapse:
Step 1: Sell mortgage-related securities that are absolute junk to trusting clients at vastly overinflated prices.
Step 2: Bet against those same mortgage-related securities and make massive bets against the U.S. housing market so that your firm will make massive profits when the U.S. economy collapses.
Step 3: Have ex-Goldman executives in key positions of power in the U.S. government so that bailout money can be funneled to entities such as AIG that Goldman has made these bets with so that they can get paid after they win their bets.
Step 4: Collect the profits - Goldman Sachs is having their "most successful year" and will end up reporting approximately $50 billion in revenue for 2009.
-Data analysed by the Wall Street Journal found that 18 major banks were, on average, able to reduce debt levels used to fund securities tradesby 42pc over the last five quarters using repurchase agreements, also known as “repo” trades. Under certain circumstances, some repurchase trades can be booked as “sales” and used to reduce debt.
The assessment, based on data from the Federal Reserve Bank of New York, highlights the extent to which advanced accounting is still in use, even in the wake of the crippling financial crisis.
In Lehman’s case, the court-appointed investigator’s report into the bank’s September 2008 downfall found that the bank had used “Repo 105” – the name given to the technique within the bank – to significantly mask its borrowing, so decreasing its apparent risk profile.
According to the report, the ruse allowed Lehman to claim its liabilities were $50bn (£33bn) lower than they actually were by May 2008, just months before the bank collapsed. (The Telegraph)
- The Federal Reserve bought up a majority of U.S. government debt in 2009, likened to printing money out of thin air. Some call it a Ponzi scheme.
- The Federal Reserve holds credit-default swaps on the debt of Florida schools and debt owned by the states of California and Nevada. This will turn into a huge profit if the states default on the debt. Isn't this a conflict of interest?
- record bonuses during and after the financial crisis...and continues.
- We may not know much about what is going on inside some of these banks, but they sure do know a lot about us. For example, it has been revealed that the data mining operations of the major credit card companies are becoming so sophisticated that they can actually predict how likely you are to get a divorce. (The Daily Beast)
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
9 October 2011
Examples of U.S. Financial Corruption
- Most gold is traded on the markets and is not backed by the actual metal itself. When people think that they are buying gold, they are actually buying pieces of paper that say that they own gold, while being charged storage fees to store the gold. Insiders reveal that the London Bullion Market Association has approximately a hundred times more gold deposits than actual gold bullion.
- Joe Cassano to helped bring down AIG is getting away scott free and can keep the millions in profits that he made in the process.
- Goldman Sachs denies "betting against clients"...the Wall Street bank issues eight-page letter to shareholders justifying its conduct before, during and after the financial crisis.
The eight-page letter, signed by chief executive Lloyd Blankfein and president Gary Cohn, also contained a detailed defence of the $12.9bn (£8.5bn) payout which Goldman received from AIG after the failed insurance giant was bailed out by the US government. Goldman had helped to fuel the housing boom during the last decade by packaging hundreds of millions of dollars worth of housing loans into complicated financial products such as collateralised debt obligations (CDOs). "These CDOs were sold on to other banks and investors such as pension funds, who suffered big losses when the sub-prime housing bubble burst. Goldman, though, actually profited from the fiasco by short-selling the market before the credit crunch." (The guardian)
Goldman was the biggest beneficiary from the US government's bailout of AIG in autumn 2008. Goldman claimed at the time that its exposure to AIG was "immaterial", but in March 2009 it emerged that it actually received $12.9bn of the $44bn handed to various counterparties who had taken out insurance contracts with AIG. Goldman said that $4.8bn of the money was paid in return for securities which could otherwise have been sold for the same price, while $2.5bn covered existing debts owed because of the deteriorating market.
Another $5.8bn was handed over to settle credit default swaps, or insurance contracts, on the CDOs that had helped to create the crisis.
- Goldman Sachs made billions of dollars from the economic collapse:
Step 1: Sell mortgage-related securities that are absolute junk to trusting clients at vastly overinflated prices.
Step 2: Bet against those same mortgage-related securities and make massive bets against the U.S. housing market so that your firm will make massive profits when the U.S. economy collapses.
Step 3: Have ex-Goldman executives in key positions of power in the U.S. government so that bailout money can be funneled to entities such as AIG that Goldman has made these bets with so that they can get paid after they win their bets.
Step 4: Collect the profits - Goldman Sachs is having their "most successful year" and will end up reporting approximately $50 billion in revenue for 2009.
-Data analysed by the Wall Street Journal found that 18 major banks were, on average, able to reduce debt levels used to fund securities tradesby 42pc over the last five quarters using repurchase agreements, also known as “repo” trades. Under certain circumstances, some repurchase trades can be booked as “sales” and used to reduce debt.
The assessment, based on data from the Federal Reserve Bank of New York, highlights the extent to which advanced accounting is still in use, even in the wake of the crippling financial crisis.
In Lehman’s case, the court-appointed investigator’s report into the bank’s September 2008 downfall found that the bank had used “Repo 105” – the name given to the technique within the bank – to significantly mask its borrowing, so decreasing its apparent risk profile.
According to the report, the ruse allowed Lehman to claim its liabilities were $50bn (£33bn) lower than they actually were by May 2008, just months before the bank collapsed. (The Telegraph)
- The Federal Reserve bought up a majority of U.S. government debt in 2009, likened to printing money out of thin air. Some call it a Ponzi scheme.
- The Federal Reserve holds credit-default swaps on the debt of Florida schools and debt owned by the states of California and Nevada. This will turn into a huge profit if the states default on the debt. Isn't this a conflict of interest?
- record bonuses during and after the financial crisis...and continues.
- We may not know much about what is going on inside some of these banks, but they sure do know a lot about us. For example, it has been revealed that the data mining operations of the major credit card companies are becoming so sophisticated that they can actually predict how likely you are to get a divorce. (The Daily Beast)
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
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Presidential Candidates Response to Occupy Wall Street
Susan Brannon
9 October 2011
The best thing to do is to find out what the presidential candidates response to the "Occupy Wall Street" protests that are taking lead all over the country.
Here is what I have found so far:
President Obama: "I think people are frustrated, and the protesters are giving voice to a more broad-based frustration about how our financial system works," "I think it expresses the frustrations the American people feel, that we had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country ... and yet you're still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place,"
Herman Cain reiterated his criticism of the Occupy Wall Street protesters Friday, saying the groups are “anti-capitalism” and “anti-free market.”
“They are not working on the right problem,” Cain said at a social conservatives convention in Washington. “Wall Street didn’t write those failed policies. Wall Street didn’t spend a trillion dollars. You can demonstrate all you want on Wall Street, the problem is 1600 Pennsylvania Avenue.”
Ron Paul: "If they were demonstrating peacefully, and making a point, and arguing our case, and drawing attention to the Fed -- I would say, good!"
Mitt Rommey: "I'm just trying to get myself to occupy the White House."
Donald Trump: "Nobody knows why they're protesting but they're having a good time. ... A lot of them are down there for dating purposes!" He also added, "Some of them really don't look unemployed. And their parents look like they really probably work on Wall Street."
Buddy Roemer: "As I continue touring college campuses throughout New Hampshire, I am reminded of all the young Americans currently taking part in the Occupy Wall Street movement. Please know that I stand by you. ... Wall Street grew to be a source of capital for growing companies. It has become something else: a facilitator for greed and for the selling of American jobs. Enough already."
Other Folks Reactions: Eric Cantor says that, he is "concerned over the protests" that are spreading throughout the country, "This administration's failed policies have resulted in an assault on many of our nation's bedrock principles," "And, believe it or not, some in this town have condoned the pitting of Americans against Americans,"
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
9 October 2011
The best thing to do is to find out what the presidential candidates response to the "Occupy Wall Street" protests that are taking lead all over the country.
Here is what I have found so far:
President Obama: "I think people are frustrated, and the protesters are giving voice to a more broad-based frustration about how our financial system works," "I think it expresses the frustrations the American people feel, that we had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country ... and yet you're still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place,"
Herman Cain reiterated his criticism of the Occupy Wall Street protesters Friday, saying the groups are “anti-capitalism” and “anti-free market.”
“They are not working on the right problem,” Cain said at a social conservatives convention in Washington. “Wall Street didn’t write those failed policies. Wall Street didn’t spend a trillion dollars. You can demonstrate all you want on Wall Street, the problem is 1600 Pennsylvania Avenue.”
Ron Paul: "If they were demonstrating peacefully, and making a point, and arguing our case, and drawing attention to the Fed -- I would say, good!"
Mitt Rommey: "I'm just trying to get myself to occupy the White House."
Donald Trump: "Nobody knows why they're protesting but they're having a good time. ... A lot of them are down there for dating purposes!" He also added, "Some of them really don't look unemployed. And their parents look like they really probably work on Wall Street."
Buddy Roemer: "As I continue touring college campuses throughout New Hampshire, I am reminded of all the young Americans currently taking part in the Occupy Wall Street movement. Please know that I stand by you. ... Wall Street grew to be a source of capital for growing companies. It has become something else: a facilitator for greed and for the selling of American jobs. Enough already."
Other Folks Reactions: Eric Cantor says that, he is "concerned over the protests" that are spreading throughout the country, "This administration's failed policies have resulted in an assault on many of our nation's bedrock principles," "And, believe it or not, some in this town have condoned the pitting of Americans against Americans,"
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Labels:
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One Example of Wall Street Corruption
Susan Brannon
8 October 2011
Despite hundreds of billions in taxpayers' bailouts and trillions in losses for investors, 2008 ended with a huge bonuses for wall street. The firms paid $18 billion in bonuses and the largest firms reached to $265,000. In 2010 the average bonus for the firms was $128,000 in addition to the salaries, options and perks. Warren Buffet said, "If an institution had to go to society and say, "save me because if you don't I'm going to topple society, I would have it so that that person, the CEO and his spouse at least come away broke."
There has not been any negative consequence for the people who toppled the global economy. Their wealth was protected and they continued with their games with the knowledge that their firms were to big to fail.
When the protesters for "Occupy Wall Street" marched on wall street in New York, they held signs that said, "We are the 99 percent." Firm employees watched the protest from their office balconies drinking champagne and held signs that said, "We are the 1 percent." Now if that is not a punch in the face with arrogance, I don't know what is.
Some of the countries in Europe initiated huge tax rates for large bonuses and increased the tax rates for those who make over 90,000 Euros for the next two years. Here in the U.S. there are no penalties for failures, or shall I say, the penalties trickle down to the tax payers, the middle and lower class taking away from what little they have. We pay the price for others' incompetence and the mistakes that they made and we are continuing to pay that price.
The one percent would say, "that is capitalism, if don't work hard enough then you don't get the bonuses, it is their problem...not mine." I have also heard, "Well, we all know that life is not fair, who ever said that it was?" Okay, I agree that life is not fair, but who gave the right for bankers and Wall Street to steal and get away with it? Our problem is, that if I made a mistake with my business, I know that I cannot go to the government and ask for free money to help me stay open.
We all know that our financial system is corrupt and I am glad that some Americans are marching in the streets...I only wish that their were more of them to make a difference. This is important and we must make the time to be heard as a large group. The American dream is being stolen, the financial players will just about do anything if they feel that they can get away with it while contributing to the destruction of our economic machine.
Here is a small example of gold manipulation and corruption I have read about:
- They are manipulating with the price of gold and silver and the Commodities Futures Trading Commission, who are supposed to be regulating the firms have been sitting back, doing nothing while watching it all happen. A whistle blower exposed the manipulation of the world gold and silver. Here is how it goes: "Back in November 2009, Andrew Maguire, a former Goldman Sachs silver trader in Goldman's London office, contacted the CFTC's Enforcement Division and reported the illegal manipulation of the silver market by traders at JPMorgan Chase.
Maguire told the CFTC how silver traders at JPMorgan Chase openly bragged about their exploits - including how they sent a signal to the market in advance so that other traders could make a profit during price suppression episodes."
"Traders would recognize these signals and would make money shorting precious metals alongside JPMorgan Chase. Maguire explained to the CFTC how there would routinely be market manipulations at the time of option expiries, during non-farm payroll data releases, during commodities exchange contract rollovers, as well as at other times if it was deemed necessary.
On February 3rd, Maguire gave the CFTC a two day warning of a market manipulation event by email to Eliud Ramirez, who is a senior investigator for the CFTC’s Enforcement Division.
Maguire warned Ramirez that the price of precious metals would be suppressed upon the release of non-farm payroll data on February 5th. As the manipulation of the precious metals markets was unfolding on February 5th, Maguire sent additional emails to Ramirez explaining exactly what was going on.
And it wasn't just that Maguire predicted that the price would be forced down. It was the level of precision that he was able to communicate to the CFTC that was the most stunning. He warned the CFTC that the price of silver was to be taken down regardless of what happened to the employment numbers and that the price of silver would end up below $15 per ounce. Over the next couple of days, the price of silver was indeed taken down from $16.17 per ounce down to a low of $14.62 per ounce.
Because of Maguire’s warning, the CFTC was able to watch a crime unfold, right in front of their eyes, in real time." (The Economic Collapse Blog)
What did the CFTC do? Nothing, nada, not a thing. A trial was held later, that was recorded on video and the testimony had only 5 minutes to give his voice and Maguire was not invited to testify. *Please See the Bill Murphy of GATA reveals whistle-blower" Video on this blog.
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
8 October 2011
Despite hundreds of billions in taxpayers' bailouts and trillions in losses for investors, 2008 ended with a huge bonuses for wall street. The firms paid $18 billion in bonuses and the largest firms reached to $265,000. In 2010 the average bonus for the firms was $128,000 in addition to the salaries, options and perks. Warren Buffet said, "If an institution had to go to society and say, "save me because if you don't I'm going to topple society, I would have it so that that person, the CEO and his spouse at least come away broke."
There has not been any negative consequence for the people who toppled the global economy. Their wealth was protected and they continued with their games with the knowledge that their firms were to big to fail.
When the protesters for "Occupy Wall Street" marched on wall street in New York, they held signs that said, "We are the 99 percent." Firm employees watched the protest from their office balconies drinking champagne and held signs that said, "We are the 1 percent." Now if that is not a punch in the face with arrogance, I don't know what is.
Some of the countries in Europe initiated huge tax rates for large bonuses and increased the tax rates for those who make over 90,000 Euros for the next two years. Here in the U.S. there are no penalties for failures, or shall I say, the penalties trickle down to the tax payers, the middle and lower class taking away from what little they have. We pay the price for others' incompetence and the mistakes that they made and we are continuing to pay that price.
The one percent would say, "that is capitalism, if don't work hard enough then you don't get the bonuses, it is their problem...not mine." I have also heard, "Well, we all know that life is not fair, who ever said that it was?" Okay, I agree that life is not fair, but who gave the right for bankers and Wall Street to steal and get away with it? Our problem is, that if I made a mistake with my business, I know that I cannot go to the government and ask for free money to help me stay open.
We all know that our financial system is corrupt and I am glad that some Americans are marching in the streets...I only wish that their were more of them to make a difference. This is important and we must make the time to be heard as a large group. The American dream is being stolen, the financial players will just about do anything if they feel that they can get away with it while contributing to the destruction of our economic machine.
Here is a small example of gold manipulation and corruption I have read about:
- They are manipulating with the price of gold and silver and the Commodities Futures Trading Commission, who are supposed to be regulating the firms have been sitting back, doing nothing while watching it all happen. A whistle blower exposed the manipulation of the world gold and silver. Here is how it goes: "Back in November 2009, Andrew Maguire, a former Goldman Sachs silver trader in Goldman's London office, contacted the CFTC's Enforcement Division and reported the illegal manipulation of the silver market by traders at JPMorgan Chase.
Maguire told the CFTC how silver traders at JPMorgan Chase openly bragged about their exploits - including how they sent a signal to the market in advance so that other traders could make a profit during price suppression episodes."
"Traders would recognize these signals and would make money shorting precious metals alongside JPMorgan Chase. Maguire explained to the CFTC how there would routinely be market manipulations at the time of option expiries, during non-farm payroll data releases, during commodities exchange contract rollovers, as well as at other times if it was deemed necessary.
On February 3rd, Maguire gave the CFTC a two day warning of a market manipulation event by email to Eliud Ramirez, who is a senior investigator for the CFTC’s Enforcement Division.
Maguire warned Ramirez that the price of precious metals would be suppressed upon the release of non-farm payroll data on February 5th. As the manipulation of the precious metals markets was unfolding on February 5th, Maguire sent additional emails to Ramirez explaining exactly what was going on.
And it wasn't just that Maguire predicted that the price would be forced down. It was the level of precision that he was able to communicate to the CFTC that was the most stunning. He warned the CFTC that the price of silver was to be taken down regardless of what happened to the employment numbers and that the price of silver would end up below $15 per ounce. Over the next couple of days, the price of silver was indeed taken down from $16.17 per ounce down to a low of $14.62 per ounce.
Because of Maguire’s warning, the CFTC was able to watch a crime unfold, right in front of their eyes, in real time." (The Economic Collapse Blog)
What did the CFTC do? Nothing, nada, not a thing. A trial was held later, that was recorded on video and the testimony had only 5 minutes to give his voice and Maguire was not invited to testify. *Please See the Bill Murphy of GATA reveals whistle-blower" Video on this blog.
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Labels:
America Revolution,
article,
Corruption,
economic crisis,
Protests,
Susan Brannon,
wall street
Saturday, October 08, 2011
Occupy Wall Street - Proposed unproposed list of demands
Re-post
Posted Sept. 25, 2011, 3:46 p.m. EST (12 days ago) by anonymous
Admin note: This is not an official list of demands. This is a forum post submitted by a single user and hyped by irresponsible news/commentary agencies like Fox News and Mises.org. This content was not published by the OccupyWallSt.org collective, nor was it ever proposed or agreed to on a consensus basis with the NYC General Assembly. There is NO official list of demands.
Demand one: Restoration of the living wage. This demand can only be met by ending "Freetrade" by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.
Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America's nuclear power plants.
Demand eight: Racial and gender equal rights amendment.
Demand nine: Open borders migration. anyone can travel anywhere to work and live.
Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period.
Demand twelve: Outlaw all credit reporting agencies.
Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Posted Sept. 25, 2011, 3:46 p.m. EST (12 days ago) by anonymous
Admin note: This is not an official list of demands. This is a forum post submitted by a single user and hyped by irresponsible news/commentary agencies like Fox News and Mises.org. This content was not published by the OccupyWallSt.org collective, nor was it ever proposed or agreed to on a consensus basis with the NYC General Assembly. There is NO official list of demands.
Demand one: Restoration of the living wage. This demand can only be met by ending "Freetrade" by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.
Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors.
Demand three: Guaranteed living wage income regardless of employment.
Demand four: Free college education.
Demand five: Begin a fast track process to bring the fossil fuel economy to an end while at the same bringing the alternative energy economy up to energy demand.
Demand six: One trillion dollars in infrastructure (Water, Sewer, Rail, Roads and Bridges and Electrical Grid) spending now.
Demand seven: One trillion dollars in ecological restoration planting forests, reestablishing wetlands and the natural flow of river systems and decommissioning of all of America's nuclear power plants.
Demand eight: Racial and gender equal rights amendment.
Demand nine: Open borders migration. anyone can travel anywhere to work and live.
Demand ten: Bring American elections up to international standards of a paper ballot precinct counted and recounted in front of an independent and party observers system.
Demand eleven: Immediate across the board debt forgiveness for all. Debt forgiveness of sovereign debt, commercial loans, home mortgages, home equity loans, credit card debt, student loans and personal loans now! All debt must be stricken from the "Books." World Bank Loans to all Nations, Bank to Bank Debt and all Bonds and Margin Call Debt in the stock market including all Derivatives or Credit Default Swaps, all 65 trillion dollars of them must also be stricken from the "Books." And I don't mean debt that is in default, I mean all debt on the entire planet period.
Demand twelve: Outlaw all credit reporting agencies.
Demand thirteen: Allow all workers to sign a ballot at any time during a union organizing campaign or at any time that represents their yeah or nay to having a union represent them in collective bargaining or to form a union.
These demands will create so many jobs it will be completely impossible to fill them without an open borders policy.
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Labels:
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Protests,
wall street
CNN LAUGHS AT OCCUPY WALL STREET SERIOUSLY SPREAD THE WORD
CNN has lost it, worse than FOX
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
Occupy Wall Street - Quiz
By: By PETER CATAPANO New York Times
All of a sudden everybody’s got an opinion.
Last week, amid loud complaints that the Occupy Wall Street protests were being unfairly ignored by the media and the nation’s politicians, the media and the nation’s politicians started paying attention. And so the gnat-like media buzz of late September quickly became the barking dog of October, and now — well the whole thing has gone completely honey badger. The honey badger, as you may know, is known for its relentless nature, and in this case seems to have dragged an elephant into the room. Thus it has become a matter that politicians, including several presidential candidates, and public figures of all species could no longer ignore. In the past few days, they have stepped up and made their views known.
Want to know who said what this week about the protests? Here’s a little Occupy Wall Street quiz.
1. “I for one am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country.”
2. “I think it expresses the frustration the American people feel.”
3. “They blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington. And at some level, I can’t blame them.”
4. “Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!”
5. “We are the 1 percent.”
6. “God bless them for their spontaneity. It’s young, it’s spontaneous, it’s focused and it’s going to be effective.”
7. “This is like the Tea Party — only it’s real. By the time this is over, it will make the Tea Party look like … a tea party.”
8. “I think it’s dangerous, this class warfare.”
9. “What they’re trying to do is take away the jobs of people working in the city, take away the tax base that we have.”
10. “I’m very, very understanding of where they’re coming from.”
(Answers: 1. Eric Cantor, House Majority Leader 2. President Barack Obama 3. Ben Bernanke, Chairman of the Federal Reserve 4. Herman Cain, Republican presidential candidate 5. Signs taped to the windows on the eighth floor of Chicago’s Board of Trade building. 6. Nancy Pelosi, House Minority Leader 7. Russ Feingold, former Democratic senator 8. Mitt Romney, Republican presidential candidate 9. New York City Mayor Michael Bloomberg 10. Senator John Kerry, Democrat of Massachusetts)
If you look at the results, you’ll see a sort of historically familiar pattern: Democrats sympathizing with the protestors, Republicans railing against them and Michael Bloomberg worrying about his city’s tax base.
As The Hill and many other outlets reported, and our little quiz shows, the week brought a torrent of quips from congressional Democrats in support of the protestors, and another torrent from the right that vilified them. So is this turning into yet another red and blue battleground? Another gridiron for the clear cut ideological split between the two parties?
It’s complicated.
The Times’s Mark Landler considered specifically the political implications for the president, who can now see the protests from his front door. Opportunity or threat? Like I said, it’s complicated:
Anti-Wall Street protesters marched past the gates of the White House on Thursday, bringing their message of economic injustice to the capital and posing an opportunity, but also a threat, to President Obama, who presents himself as a fervent defender of the middle class. …
To hear some Democratic analysts tell it, the mushrooming protests could be the start of a populist movement on the left that counterbalances the surge of the Tea Party on the right, and closes what some Democrats fear is an “enthusiasm gap” between their party and Republicans in the 2012 election.
But that assumes the president is able to win the support of these insurgents, rather than be shunned by them.
Mr. Obama, in a series of recent hard-edged speeches around the country, has channeled many of the grievances of the movement known as Occupy Wall Street deepening economic inequity, a tax code that gives breaks to the wealthy and corporate interests and banks that profit from hidden consumer fees.
Yet the president also oversaw a bailout of those banks, appointed a Treasury secretary, Timothy F. Geithner, who is viewed by the protesters as a shill for Wall Street and pushed a reform of the financial industry that many in the movement condemn as shamefully inadequate in curbing its excesses.
Like Landler, Josh Kraushaar at National Journal also notes Obama’s newfound “populist” stance, and deems it a risky tactic for the president’s re-election:
Liberals have long argued that a message calling for the wealthy to pay their fair share is broadly popular—and indeed, most polls show voters support abstract proposals calling for higher taxes on the rich. But it’s rarely worked in practice. If taxes were raised as part of a comprehensive economic plan raising revenues and cutting spending, that’s one thing. As part of a political argument designed to mobilize the base for his reelection campaign, it’s bound to be received less warmly.
Others have identified Geithner as a flashpoint figure, the key player in Obama’s administration who would serve as a target for Republicans and protestors alike:
Joseph Cannon at his blog Cannonfire poses this challenge: “If you are part of the movement, ask yourself: Do you truly want to gain power — to get things done — or do you just want to complain? In my experience, most leftwingers tend to view the exercise of power as a form of bad taste. Yes, power does corrupt — but without it, what can be accomplished?” Then: “I propose that the OWS forces make a muscle and land a solid initial punch, aimed at a specific target. Timothy Geithner. The Secretary of the Treasury must go.”
Among his six reasons for the wisdom of this tactic, are these two:
Forcing Obama to take an unwelcome step establishes once and for all that the OWS movement is not a stalking horse for the Obama campaign. It says to the world: “We don’t work for this president. Either he starts working for us, or we’ll find someone who will.” …
Demanding that Obama fire Geithner forces the president to make a choice. Right now, he’s trying to square the circle, solidifying the base while asking the Wall Streeters for cash. Obama can have one or the other but not both.
Not surprisingly, many on the right squirmed to find the Tea Party drawn into the discussion. Among them was Donald Douglas at American Power, who wrote, “The comparison between Occupy Wall Street and the tea parties is bogus, of course.” He continued:
And it’s frankly obscene that folks think Obama should benefit politically from these protests. The White House has been in bed with Wall Street. The dilemma for the Democrats is how they can channel the protests against the Republicans without getting caught up in a generalized anti-government tsunami in 2012. As was clear at the press conference yesterday, the president will basically lie through his teeth, blaming the economic crisis on his predecessor and waging a morally bankrupt class war on the high-income earners.
Rich Lowry at National Review also scoffs at the comparison: “The Tea Party had such an impact because it had a better claim on the middle of America than its adversaries. It wrapped itself in our history and patriotic trappings. It plugged in to the political system and changed the course of the country in the 2010 elections. The Left went from denying it, to ridiculing it, to envying it.
“Occupy Wall Street is not a real answer. It is both more self-involved and more ambitious than the Tea Party. It represents an ill-defined, free-floating radicalism. Its fuzzy endpoint is a “revolution” no one can precisely describe, but the thrust of which is overturning our system of capitalism as we know it.”
The president wasn’t the only one getting called out by commentators for their positions on the protests. Of the many who came forward this week, Cantor came under particular scrutiny. Steve Benen at Political Animal offered a withering view of Cantor’s “mob” statement:
At this point two years ago, Republicans quickly became outraged if Democrats dared to criticize so-called “Tea Party” activists. After all, how could Dems have the audacity to disparage law-abiding Americans speaking out against abuses that offend them? How could Democrats have the gall to condemn sincere patriots who want to have their voices heard?
Two years later, Cantor is entirely comfortable chastising Americans who disagree with his failed, regressive economic vision as a “mob.” How tolerant of him.
by: By PETER CATAPANO New York Times
7 Oct 2011
But just as important is this notion that progressive activists are “pitting of Americans against Americans.” I’m not sure what that means, exactly, but I suspect the oft-confused Majority Leader believes it’s divisive to support economic justice, to demand tax fairness, and to expect responsible corporate conduct.
The New Republic’s Jonathan Cohn had a relatively circumspect view of the protests and the ensuing political turf battles — probably a reasonable reaction, given that the movement is likely to be around for a while. Cohn writes, “This movement could run out of gas or take what I would consider a wrong turn. It could, for example, inflame tensions between blue collar and white collar Americans, rather than improving solidarity between them. It could also become captive to its fringe elements. For now, though, I’m happy to see people getting organized to promote a left-of-center economic agenda, however vague its agenda — and however uncertain its future.”
http://opinionator.blogs.nytimes.com/2011/10/07/the-occupy-wall-street-quiz/
The Movement: Occupy Wall St.
Resources:
Occupy Together
Twitter: @occupywallst
Related Articles:
Making Sense of the Bank of America Mortgage Fraud
Making Sense of the Failing Economy and U.S. Downgrade
Debt Plan Fact Sheet
Our Tax Dollars at Work
Satellite View of Foreclosures
American Struggling Middle Class (Video)
Global Confidence in Economy Collapses
Crime Against Humanity
Examples of US Financial Corruption
Presidential Candidates Response to Occupy Wall Street
One Example of Wall Street Corruption
Occupy Wall Street - Proposed/Unproposed List of Demands
What is Wall Street?
All of a sudden everybody’s got an opinion.
Last week, amid loud complaints that the Occupy Wall Street protests were being unfairly ignored by the media and the nation’s politicians, the media and the nation’s politicians started paying attention. And so the gnat-like media buzz of late September quickly became the barking dog of October, and now — well the whole thing has gone completely honey badger. The honey badger, as you may know, is known for its relentless nature, and in this case seems to have dragged an elephant into the room. Thus it has become a matter that politicians, including several presidential candidates, and public figures of all species could no longer ignore. In the past few days, they have stepped up and made their views known.
Want to know who said what this week about the protests? Here’s a little Occupy Wall Street quiz.
1. “I for one am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country.”
2. “I think it expresses the frustration the American people feel.”
3. “They blame, with some justification, the problems in the financial sector for getting us into this mess, and they’re dissatisfied with the policy response here in Washington. And at some level, I can’t blame them.”
4. “Don’t blame Wall Street, don’t blame the big banks, if you don’t have a job and you’re not rich, blame yourself!”
5. “We are the 1 percent.”
6. “God bless them for their spontaneity. It’s young, it’s spontaneous, it’s focused and it’s going to be effective.”
7. “This is like the Tea Party — only it’s real. By the time this is over, it will make the Tea Party look like … a tea party.”
8. “I think it’s dangerous, this class warfare.”
9. “What they’re trying to do is take away the jobs of people working in the city, take away the tax base that we have.”
10. “I’m very, very understanding of where they’re coming from.”
(Answers: 1. Eric Cantor, House Majority Leader 2. President Barack Obama 3. Ben Bernanke, Chairman of the Federal Reserve 4. Herman Cain, Republican presidential candidate 5. Signs taped to the windows on the eighth floor of Chicago’s Board of Trade building. 6. Nancy Pelosi, House Minority Leader 7. Russ Feingold, former Democratic senator 8. Mitt Romney, Republican presidential candidate 9. New York City Mayor Michael Bloomberg 10. Senator John Kerry, Democrat of Massachusetts)
If you look at the results, you’ll see a sort of historically familiar pattern: Democrats sympathizing with the protestors, Republicans railing against them and Michael Bloomberg worrying about his city’s tax base.
As The Hill and many other outlets reported, and our little quiz shows, the week brought a torrent of quips from congressional Democrats in support of the protestors, and another torrent from the right that vilified them. So is this turning into yet another red and blue battleground? Another gridiron for the clear cut ideological split between the two parties?
It’s complicated.
The Times’s Mark Landler considered specifically the political implications for the president, who can now see the protests from his front door. Opportunity or threat? Like I said, it’s complicated:
Anti-Wall Street protesters marched past the gates of the White House on Thursday, bringing their message of economic injustice to the capital and posing an opportunity, but also a threat, to President Obama, who presents himself as a fervent defender of the middle class. …
To hear some Democratic analysts tell it, the mushrooming protests could be the start of a populist movement on the left that counterbalances the surge of the Tea Party on the right, and closes what some Democrats fear is an “enthusiasm gap” between their party and Republicans in the 2012 election.
But that assumes the president is able to win the support of these insurgents, rather than be shunned by them.
Mr. Obama, in a series of recent hard-edged speeches around the country, has channeled many of the grievances of the movement known as Occupy Wall Street deepening economic inequity, a tax code that gives breaks to the wealthy and corporate interests and banks that profit from hidden consumer fees.
Yet the president also oversaw a bailout of those banks, appointed a Treasury secretary, Timothy F. Geithner, who is viewed by the protesters as a shill for Wall Street and pushed a reform of the financial industry that many in the movement condemn as shamefully inadequate in curbing its excesses.
Like Landler, Josh Kraushaar at National Journal also notes Obama’s newfound “populist” stance, and deems it a risky tactic for the president’s re-election:
Liberals have long argued that a message calling for the wealthy to pay their fair share is broadly popular—and indeed, most polls show voters support abstract proposals calling for higher taxes on the rich. But it’s rarely worked in practice. If taxes were raised as part of a comprehensive economic plan raising revenues and cutting spending, that’s one thing. As part of a political argument designed to mobilize the base for his reelection campaign, it’s bound to be received less warmly.
Others have identified Geithner as a flashpoint figure, the key player in Obama’s administration who would serve as a target for Republicans and protestors alike:
Joseph Cannon at his blog Cannonfire poses this challenge: “If you are part of the movement, ask yourself: Do you truly want to gain power — to get things done — or do you just want to complain? In my experience, most leftwingers tend to view the exercise of power as a form of bad taste. Yes, power does corrupt — but without it, what can be accomplished?” Then: “I propose that the OWS forces make a muscle and land a solid initial punch, aimed at a specific target. Timothy Geithner. The Secretary of the Treasury must go.”
Among his six reasons for the wisdom of this tactic, are these two:
Forcing Obama to take an unwelcome step establishes once and for all that the OWS movement is not a stalking horse for the Obama campaign. It says to the world: “We don’t work for this president. Either he starts working for us, or we’ll find someone who will.” …
Demanding that Obama fire Geithner forces the president to make a choice. Right now, he’s trying to square the circle, solidifying the base while asking the Wall Streeters for cash. Obama can have one or the other but not both.
Not surprisingly, many on the right squirmed to find the Tea Party drawn into the discussion. Among them was Donald Douglas at American Power, who wrote, “The comparison between Occupy Wall Street and the tea parties is bogus, of course.” He continued:
And it’s frankly obscene that folks think Obama should benefit politically from these protests. The White House has been in bed with Wall Street. The dilemma for the Democrats is how they can channel the protests against the Republicans without getting caught up in a generalized anti-government tsunami in 2012. As was clear at the press conference yesterday, the president will basically lie through his teeth, blaming the economic crisis on his predecessor and waging a morally bankrupt class war on the high-income earners.
Rich Lowry at National Review also scoffs at the comparison: “The Tea Party had such an impact because it had a better claim on the middle of America than its adversaries. It wrapped itself in our history and patriotic trappings. It plugged in to the political system and changed the course of the country in the 2010 elections. The Left went from denying it, to ridiculing it, to envying it.
“Occupy Wall Street is not a real answer. It is both more self-involved and more ambitious than the Tea Party. It represents an ill-defined, free-floating radicalism. Its fuzzy endpoint is a “revolution” no one can precisely describe, but the thrust of which is overturning our system of capitalism as we know it.”
The president wasn’t the only one getting called out by commentators for their positions on the protests. Of the many who came forward this week, Cantor came under particular scrutiny. Steve Benen at Political Animal offered a withering view of Cantor’s “mob” statement:
At this point two years ago, Republicans quickly became outraged if Democrats dared to criticize so-called “Tea Party” activists. After all, how could Dems have the audacity to disparage law-abiding Americans speaking out against abuses that offend them? How could Democrats have the gall to condemn sincere patriots who want to have their voices heard?
Two years later, Cantor is entirely comfortable chastising Americans who disagree with his failed, regressive economic vision as a “mob.” How tolerant of him.
by: By PETER CATAPANO New York Times
7 Oct 2011
But just as important is this notion that progressive activists are “pitting of Americans against Americans.” I’m not sure what that means, exactly, but I suspect the oft-confused Majority Leader believes it’s divisive to support economic justice, to demand tax fairness, and to expect responsible corporate conduct.
The New Republic’s Jonathan Cohn had a relatively circumspect view of the protests and the ensuing political turf battles — probably a reasonable reaction, given that the movement is likely to be around for a while. Cohn writes, “This movement could run out of gas or take what I would consider a wrong turn. It could, for example, inflame tensions between blue collar and white collar Americans, rather than improving solidarity between them. It could also become captive to its fringe elements. For now, though, I’m happy to see people getting organized to promote a left-of-center economic agenda, however vague its agenda — and however uncertain its future.”
http://opinionator.blogs.nytimes.com/2011/10/07/the-occupy-wall-street-quiz/
The Movement: Occupy Wall St.
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Twitter: @occupywallst
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The Movement: Occupy Wall St.
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Occupy Together
Welcome to OCCUPY TOGETHER, an unofficial hub for all of the events springing up across the country in solidarity with Occupy Wall St. As we have followed the news on Facebook, twitter, and the various live feeds across the internet, we felt compelled to build a site that would help spread the word as more protests organize across the world. We hope to provide people with information about events that are organizing, ongoing, and building across the U.S. as we, the 99%, take action against the greed and corruption of the 1%.
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