Tag Archives: Wall Street

Protesters Are Gunning for Wall Street, With Faulty Aim – NYTimes.com

25 Sep

The group’s lack of cohesion and its apparent wish to pantomime progressivism rather than practice it knowledgably is unsettling in the face of the challenges so many of its generation face — finding work, repaying student loans, figuring out ways to finish college when money has run out. But what were the chances that its members were going to receive the attention they so richly deserve carrying signs like “Even if the World Were to End Tomorrow I’d Still Plant a Tree Today”?

I don’t know what, if anything, will come of these Wall Street protests. But they anger out of which they grow is not going to disappear any time soon. It will deepen. What then?

If it gives way to despair, then this reporter’s obvious contempt for the protesters will seem sharp and realistic, if not wise. If that anger should take shape and organize, what then? The political system is vulnerable to well-organized and persistent anger. The Republicrats could have their death grip on government crumble in their grasp.

via Protesters Are Gunning for Wall Street, With Faulty Aim – NYTimes.com.

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A real Wall Street takeover threat – Wall Street – Salon.com

19 Sep

The hundreds of young people who converged on the New York Stock Exchange this weekend are calling their demonstration against Wall Street greed an “American Tahrir Square.” While they have a long way to go before they create the tremors that brought down the Mubarak regime, their passion was clearly on display on a sunny Sunday afternoon in Zuccotti Park in lower Manhattan.

The protestors were gathered in the square at the corner of Broadway and Liberty Street, after police blocked them from the epicenter of American finance a couple of blocks away. Many had spent the night in sleeping bags and insisted they were prepared to spend many more to make their point.

via A real Wall Street takeover threat – Wall Street – Salon.com.

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The People vs. Goldman Sachs

12 May

Here’s the kicker for Matt Taibbi’s article in Rolling Stone:

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

And here’s the first paragraph:

They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

Yep. What’re the chances that they’ll get more than a slap on the wrist, if that? The answer to that depends, in part, on how much We the People kick up a fuss. And even then, it’s iffy if anything more than a wet noodle will be used to slap those wrists with the gold handcuffs.

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