Category Archives: Wall St.
Port Authority
Dockworkers and truckers on the west coast were largely ungracious about the Occupy movement’s efforts on their behalf. Protesters attempted to disrupt capitalism by shutting down ports from San Diego to Anchorage, causing workers to be sent home without pay.
The president, who disrupted the the Keystone Pipeline and the jobs that go with it, has previously said of the protesters, “you are the reason I ran for office“.
Watch Your Step
Jon Stewart explores inequality inside Occupy Wall Street. OWS didn’t quite achieve a classes society but it can point with pride to a few classless people. You can watch one here but it’s kind of gross.
Real Scandal
Politico had over 90 stories last week about the Herman Cain sexual harassment allegations. It’s still unclear just what is being alleged but it doesn’t appear to include pulling down his pants and ordering a subordinate to “kiss it”. That would be the charge against President Bill Clinton from about the same era.
Oddly, women’s groups swarmed to the defense of the “lovable rogue” and, after being impeached, he weathered the storm – minus his Arkansas law license.
None of us, however (at least not the 99%), weathered the storm caused by another scandal with racial overtones. Paul Sperry reported in IBD, how Clinton pressured financial institutions to make home loans to the un-creditworthy. Meanwhile, MSN Money quotes David Weidner, of Marketwatch, saying Clinton’s biggest mistake was the repeal of Glass-Steagall.
Business Week reported this week that, after stating a $4.4 billion loss for the third quarter, Freddie Mac will seek an additional 6 billion dollar bail-out from taxpayers.
One Percent Pander
In an ABC interview with Jake Tapper last night, Obama reached out to the Occupy Wall Street crowd and called for a more “egalitarian” society.
No word yet on a bail-out for Wall Street’s investment in Obama.
Update: It turns out the president is still raking The Street.
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