Occupy Sets Wall Street Tie-Up as Protesters Face Burnout - Bloomberg
The cascade of banking scandals since May 1, the last time Occupy organized major protests, reads like a roll call of corporate greed and dishonesty. Regulators found that Barclays Plc (BARC) systematically attempted to rig global interest rates; Standard Chartered Plc (STAN) faces federal inquiries over claims it funneled Iranian money through the U.S.; Senate investigators said HSBC Holdings Plc (HSBA) helped drug lords launder funds; and JPMorgan Chase & Co. (JPM) lost at least $5.8 billion on trades.
“It really hasn’t sparked the same outrage,” said Akshat Tewary, an employment attorney who co-wrote a 325-page comment letter in February on bank regulation with the group Occupy the SEC. “It’s harder to maintain that kind of momentum.” — Bloomberg
- - - - - - - - - - -
The movement has indeed lost steam. People have lost interest because the country isn’t in the throes of a recession. I think the movement will make a comeback in the coming months if economic conditions turn south…a significant probability.
Notes
-
perpetualjourney reblogged this from rationalcapitalistspeculator
-
rationalcapitalistspeculator posted this
