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Thread: US corruption leads to occupy the wallstreet movement

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    Senior Member Array aamirbati's Avatar
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    US corruption leads to occupy the wallstreet movement

    It is not dollars, treasuries, bonds and debt that is being sold by your government.
    It is you.
    american government financial corruption forced american nation to start the occupy wallstreet movement. it is a protest to stop the so called bail out packages given to private institutions.


     








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    Senior Member Array aamirbati's Avatar
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    What is Occupy wall street movement?
    Occupy Wall Street is an ongoing series of demonstrations which began September 17, 2011 in Zuccotti Park, located in New York City's's Wall Street financial district, which were initiated by the Canadian activist group Adbusters. The protests are against social and economic inequality, high unemployment, greed, as well as corruption, and the undue influence of corporations—particularly from the financial services sector—on government. The protesters' slogan We are the 99% refers to the growing difference in wealth in the U.S. between the wealthiest 1% and the rest of the population.


    How it started?
    in a July 13, 2011 blog post, the Canadian-based Adbusters Foundation, best known for its advertisement-free anti-consumerist magazine Adbusters, proposed a peaceful occupation of Wall Street to protest corporate influence on democracy, the absence of legal repercussions for the bankers behind the recent global financial crisis, and a growing disparity in wealth


    The protesters targeted Wall Street because of the part it played in the economic crisis of 2008 which started the Great Recession. They say that Wall Street's risky lending practices of mortgage-backed securities which ultimately proved to be worthless caused the crisis, and that the government bailout breached a sense of propriety. The protesters say that Wall Street recklessly and blatantly abused the credit default swap market, and that the instability of that market must have been known beforehand. They say that the guilty parties should be prosecuted.

    Some journalists have criticized the protests saying it is hard to discern a unified aim for the movement, while other commentators have said that although the movement is not in complete agreement on its message and goals, it does have a message which is fairly coherent. Douglas Rushkoff, writing for CNN, said that even though the protesters are not ready to articulate an exact array of problems or how to solve them,


    Anyone who says he has no idea what these folks are protesting is not being truthful. Whether we agree with them or not, we all know what they are upset about, and we all know that there are investment bankers working on Wall Street getting richer while things for most of the rest of us are getting tougher. What upsets banking's defenders and politicians alike is the refusal of this movement to state its terms or set its goals in the traditional language of campaigns...They mean to show that there is an inappropriate and correctable disconnect between the abundance America produces and the scarcity its markets manufacture


    The phrase "The 99%" is a political slogan of "Occupy" protesters


    Early on the protesters were mostly young due to their pronounced use of
    social networks through which they promoted the protests.

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