Greg Hunter
USA Watchdog
What started out as a little insignificant protest that the mainstream media tried to ignore (or at least downplay) has turned into a global phenomenon in a little less than a month.
One of the many headlines that featured the protesters of the Occupy Wall Street (OWS) movement this past weekend said “From Tahrir Square to Times Square: Protests Erupt in Over 1,500 Cities Worldwide.” The report from the OWS website went on to say, “the Occupy Wall Street movement has spread worldwide today with demonstrations in over 1,500 cities globally and over 100 US cities from coast to coast. In New York, thousands marched in various protests by trade unions, students, environmentalists, and community groups. As occupiers flocked to Washington Square Park, two dozen participants were arrested at a nearby Citibank while attempting to withdraw their accounts from the global banking giant.” (Click here for the complete OWS website.)
(we recommend OccupyTogether.org – Ed.)
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In Chicago, protesters were chanting “Shame on you” as some of them were being arrested. The “shame” is for the Wall Street bankers who caused the financial meltdown in 2008. I believe the protesters think the police are jailing the wrong people. To date, none of the financial elite have been indicted, let alone investigated.
In the aftermath of the Savings and Loan scandal in the late ’80s and early ’90s, 1,000 financial elites were successfully prosecuted. The 2008 meltdown is at least 50 times bigger. I have long thought the reason there are no prosecutions for what is surely massive crime in the mortgage, securities, and banking arena is fear by the government that mass prosecutions would implode the system. “Too Big To Fail” has turned into “Too Big To Jail”!!
Now, it seems everyone has jumped on the OWS bandwagon. The SEIU union, the U.S. Communist Party and Nazi Party have all given their support. Even top Republicans and Democrats are trying to identify with the OWS movement. The Financial Times reported yesterday, “Referring to protests that have spread from Wall Street to London, Rome and elsewhere, Mr. Obama said: “Dr King would want us to challenge the excesses of Wall Street without demonising those who work there.” Mr. Obama had previously said the protests “express the frustration” of ordinary Americans with the financial sector.
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