These days it's hard not to see all the news about the "Occupy Wall Street" movement and how it is spreading to other cities and countries. I am actually surprised it has taken this long for people to rally together to take a stand against our largest financial institutions who are responsible for the collapse of our economy.
Protesters on Wall Street
Some star power added to the mix...
Occupy Movements in Tokyo and Europe
Last week, they movement marched up Fifth Avenue, home to many Wall Street executives.
Coincidentally, while I started reading more about this topic a few days ago, I stumbled upon a documentary called Inside Job, narrated by Matt Damon, that methodically chronicles the collapse of our financial institutions and, unbelievably, how the people that were in charge of these banks that made disastrous decisions in 2006-2008 are still in charge today while many of them should be behind bars.
This little movie, which won the 2011 Academy Award for Best Documentary, is packed with information and is a clear and concise timetable of events. Click here to see the trailer. I highly recommend watching. It is on-demand on the Starz Channel right now.
Back to the Occupy Movement...
This weekend alone:
•President Obama referred to the protests at Sunday's dedication of a monument for Martin Luther King Jr., saying the civil rights leader "would want us to challenge the excesses of Wall Street without demonizing those who work there."
•In Chicago, 2,000 attended a protest, and then 500 set up camp at an entrance to Grant Park before police began the arrests.
•In New York City, thousands of protesters in Times Square chanted, "Banks got bailed out! We got sold out!" and 42 were arrested for taking down police barriers. Two-dozen were arrested after entering a Citibank branch and refusing to leave.
•In Arizona, about 100 people were arrested — 53 in Tucson and 46 in Phoenix — after protesters refused police orders to disperse. In Phoenix, 1,000 people packed César Chávez Park to protest abuses by banks and corporations. Several hundred rallied in Tucson's Military Plaza Park.
Elsewhere Saturday: About 1,500 demonstrators marched for several blocks in Pittsburgh; an estimated 1,500 marched past banks in Orlando; about 1,000 rallied in downtown Denver and nearly 200 spent the night in Detroit's Grand Circus Park.
Similar demonstrations took place in London, Toronto and Mexico City. In Rome, protesters broke away from the main demonstration, smashing shop and bank windows, and burning cars. Mayor Gianni Alemanno estimated the damage to city property at $1.4million.
Stay tuned...this is such an amazing story