In Private, Wall St. Bankers Dismiss Protesters as Unsophisticated

[In Other News]

Source: New York Times

Publicly, bankers say they understand the anger at Wall Street — but believe they are misunderstood by the protesters camped on their doorstep.

But when they speak privately, it is often a different story.

“Most people view it as a ragtag group looking for sex, drugs and rock ’n’ roll,” said one top hedge fund manager.

“It’s not a middle-class uprising,” adds another veteran bank executive. “It’s fringe groups. It’s people who have the time to do this.”

Read more: http://www.nytimes.com/2011/10/15/business/in-private-conversation-wall-street-is-more-critical-of-protesters.html?_r=1&hp

---

Yeah, you have to be pretty damn "sophisticated" to take the world's #1 economy and screw it into the ground! :grr:

[sakabatou]

1. In this more news, we find more and more bankers finding their heads up their asses

[Historic NY]

35. Will "Bank Transfer Day" get their attention.

http://www.thestreet.com/story/11274526/1/bank-transfer-day-a-protest-with-your-money.html

I'm planning some changes.

[cyberpj]

68. Elsewhere on DU someone posted that small depositors leaving would only raise their ratings because

of an improvement in the debt to capital ratios.

Dunno. But it does sound possible.

[wordpix]

65. banksters should show more sophistication than to run their mouths without OKs of their PR people

:)

[ret5hd]

2. “It’s fringe groups. It’s people who have the time to do this.”

Oh, you mean the people unemployed because of your actions!?!?

[In Other News]

4. Amazing how the Tea Partiers can work AND protest at the same time...

Ain't it? :rofl:

[think]

8. I must admit Koch Industries and their lobbyists do appear more sophisticated. OWS has facts but...

Who cares about substance. Image is everything!

[peacetalksforall]

50. And that is quite a sophisticate home office the Bros have in Wichita. I can picturen

a bank in the building - just for the employees.

[In Other News]

55. No

Faith in Jeeeeeeeeeeeeeeeeeeeeeeeeezus (and cancerous capitalism) is everything!!! :sarcasm:

[bongbong]

10. Actually...

Actually, most of the teabaggers were retired people. A number of these were famous for having signs reading "Keep Your Government Hands Off My Medicare" or "Keep Your Government Hands Off My Social Security". And since the teabaggers were sponsored and funded by billionaires, any of the teabaggers who were employed had their time-cost deducted as "business expenses" by the billionaires.

[No Elephants]

13. I never actually saw those signs. I heard Obama make jokes to that effect, but

I never saw those signs.

[1monster]

20. I'm on my out the door, or I'd find more for you... google image it.

[lunatica]

30. Those young people holding those signs need their Medicare dammit!!

[1monster]

60. Yeah, I noticed that and wondered at the quality of intelligence in that group..

But maybe they just for got the parent in their signs. You know: "Keep your dirty government hands off my parents' medicare."

[peacetalksforall]

51. This is a mixed sampling, but you can spot the

teabagger signs easily . It's a very long list with large enough images to read the signs and you only have to click the image or the arrow to view the next, no waiting for it to upload.

http://politicalhumor.about.com/library/bl-funniest-protest-signs.htm

[Name removed]

66. Deleted message

Message removed by moderator. Click here to review the message board rules.

[fascisthunter]

3. that's ok... see if they say that in the next few weeks

because this movement is growing globally.

[Demeter]

5. Another Wall St. "Bubble" that's Going to Burst, and Everyone Will Be Surprised

It would be funny, if lives didn't depend upon it.

[ixion]

6. Coming from a group of people, most of whom belong behind bars,

their comments mean nothing.

[wildeyed]

7. "Hey, we paid for these politicians and now they are not defending us!"

He added that he was disappointed that members of Congress from New York, especially Senator Charles E. Schumer and Senator Kirsten Gillibrand, had not come out swinging for an industry that donates heavily to their campaigns. “They need to understand who their constituency is,” he said.

Really Mr. Hedge Fund Man? You really think that because you donated, you deserve more consideration than the average citizen taxpayer? Asshole.

These guys might be smart about derivatives, but they really don't understand history. When the wealth divide gets too big, the middle class rise up and smack you. Hard.

[No Elephants]

12. The politicians are too busy pretending OWS is about ONLY Wall Street, and not the politicians, too.

[Hotler]

17. This guy needs his ass kicked. eom.

[PatSeg]

"Their consitituency" is

the people who live in their districts or states, not just the donors. Actually some donors aren't even constituents anyway. That big money manages to find its way to elections all over the country.

[quakerboy]

37. Thats the system they paid for

Why aren't they getting it?

Oh.. Wait.. they are. The deal was the Pol's do what the banks want while saying what the people want to hear.

[6000eliot]

9. Then "sophisticated" must mean "evil, heartless fucks."

[No Elephants]

11. "Not a middle class uprising" There is barely a middle class to "uprise" anymore.

The disparity between the wealth of the top 1 to 5% and the crumbs "enjoyed" by everyone else in the country is huge.

Guess Wall Street is just too,too sophisticated to know that.

Fringe this, morans!

[whosinpower]

14. That is what Mubarek said

In the beginning of the Arab Spring in Egypt too. Just a bunch of unemployed youths.....and then suddenly the doctors, teachers and professionals started showing up....

[Magoo48]

15. Wealth does not equal sophistication....

[Trillo]

16. "...a ragtag group looking for sex, drugs and rock ’n’ roll"

Bankers have been wearing Bankster uniforms for too long. They no longer remember what real people look like.

[BiggJawn]

18. You really don't have to be "sophisticated" to operate a Guillotine...

FSM, how I'd love to see these fuckers thrown into instant abject poverty...

[kooljerk666]

21. Excellent post.........

I really love the French for the "reign Of Terror". I
know it got a little unfocused toward the end but any
country that executes the aristo/plutocrats lock
stock & barrel deserves a big "WAY TO GO" at
least from me.

[kooljerk666]

19. In Private I say...............

All kinds of stuff that would get this post flagged real quick.
Like advocating V*&^%$#$E against $%^& and their %^*()_&*%$@S....

FUCK THEM I'd like a new product.
It is called "Soylent Chow" (tm) & meat is the first ingredient.

[harmonicon]

22. Take my word for it: the unemployed have a lot of time.

Stupid me, belonging to this silly "fringe group".

[ixion]

24. yeah, somewhere between 10 and 20 percent of the population

does not constitute a 'fringe group'. It is, in fact, a significant subgroup.

[Mosaic]

23. This is pretty sophisticated

[Bigmack]

25. Those assholes better pray it stays "unsophisticated"... nt

[blackspade]

26. Yeah, right..

Love this quote:
“It’s not a middle-class uprising,” adds another veteran bank executive. “It’s fringe groups. It’s people who have the time to do this.”

Talk about tone deaf!
Who does he think a lot of the out of work folks are?
Clue: Middle class!

Fucking idiot.

[scentopine]

27. “They need to understand who their constituency is,” he said.

He added that he was disappointed that members of Congress from New York, especially Senator Charles E. Schumer and Senator Kirsten Gillibrand, had not come out swinging for an industry that donates heavily to their campaigns. “They need to understand who their constituency is,” he said.

----------------------------------

Democrats, republicans (and what ever the hell kind of right winger is in the White House) understand Wall Street is their only constituent. That's exactly the problem.

99% of us are unrepresented.

[newspeak]

33. so, he proves the OWS correct

the banks, WS are only to be heard, because they are politicians' constituency; not the people. Is this a "let them eat cake" moment for the banks? Maybe he's ignorant that the middle class is being killed off by people like him and there is a growing amount of unemployed people, can't find a job looking for months who have more than enough time to protest his sorry arse.

[BREMPRO]

36. "their constiuency...."

that jaw dropping statement by a 1%er screams out both the emblem of OWS protest and a profound disconnect between Wall street and Maine street. they actually believe THEY are their senator and rep's constituency rather than the majority of citizens and expect cover because they donate heavily to their campaigns... exactly the problem.

[scentopine]

54. Agree - they believe in free market, they can buy any congressman they want -nt

[certainot]

28. these are the same characterizations heard 24/7 on 1000 radio stations and they

will stick and work long term to enable jerkwads like those to the extent that there is NO organized opposition to that giant coordinated think tank megaphone

[lunatica]

29. LOL! They're whistling past the graveyard

Scared to fucking death --> :scared:

If they were really dismissing us they wouldn't say a thing because that's what 'dismissing' does. It ignores the object of dismissal, not downplay it.

[abq e streeter]

31. Good. I'm sure the Redcoats dismissed Washington's little rag-tag, unsophisticated army too

at the beginning...

[aquart]

41. They did. The French aristocrats weren't too impressed by the peasants, either.

Although that was also an uprising of the pissed-off middle.

[EC]

32. Yeah, the unemployed do seem to have

a lot of time to do this, don't they? It is the middle-class who are unemployed, that's who is there, not some fringe.

[SoapBox]

34. This is JUST Step Number 1...Step Number 2, needs to be getting organized to elect good people.

The GOPBaggers and RushThugs have been getting their CREEPS elected at ALL levels of government...city, county, state and federal.

NOW, it will be the turn of the 99%, to do the same. We need GOOD people, that have the interest
of America and Americans in mind, based on scientific fact (not wing-nut-crazy religious dribble)
to govern in our DEMOCRACY (vs. the Thug Terrorist Dictatorship).

Keep it up folks! I'm proud of you!

[Tiggeroshii]

38. Considering how many people are unemployed or just owrking part-time, a damn LOT have the time

for this. And it is the bankers who are responsible for it. Why don't they make a few sacrifices, hire everybody back, and then they won't have to deal with these "rag-tag fringe groups" that seem to have a voice all over the world now?

[clinton4life2011]

39. Out of touch...

Isn't it obvious the elites are out of touch?

[Iliyah]

42. and guess what

lol, the gopers do want to take your medicare, ssi, health care, civil rights, working rights, voting rights, women rights, etc and also thru their policies many people will die (from no insurance coverage or pre-existing) therefore, hello - death panels.

these so called tea baggers protested against their own interest. why i'm i not surprised, they continually vote against their own interest.

[aquart]

40. With that much money, who needs reality?

They won't respect us till they see indictments.

[Deep13]

43. In public, OWS protestors dismiss bankers as...

...thieving, back-stabbing, sociopathic, cartoonishly evil traitors.

[DeSwiss]

44. ''It’s fringe groups. It’s people who have the time to do this.''

Yes, and you made us. We're called the foreclosed upon and the unemployed. Nothing to do. Nowhere to go.

So go ahead, ignore us.

Nothing will happen.

All you have to do is keep doing what you're doing.

It'll all be just fine.

- Until it's not.

K&R




http://www.youtube.com/watch?v=g6bUUmelbyw">It All Goes Back In The Box

[ezmerelda39]

45. Sophistication

Would it make a difference if everyone protesting showed up in a suit and tie? Is it necessary to dress the part to appear sophisticated? That tells us a lot about the depth of sophistication of the 1%, the height of shallowness. If the 99% were dressing for good looks it might look good for the media but the 1% has made it financially impossible for many of the 99% to sport a new suit. For those suggesting that the protesters are 'unsophisticated' I would ask 'just how many suits are hanging in your well organized closet?' I doubt there is one individual among the 1% who would have the wherewithal to sustain an entire night in protest over anything. Pampered, Pompous Asses! Those are just assumptions...just as they are assuming that the protesters have nothing else to do with their time.

[Name removed]

46. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Hubert Flottz]

47. "looking for sex, drugs and rock ’n’ roll"

Oh, you mean like the superbanker from France that got caught with his drawers down in New York, or the RNC looking for a bondage bar where they could spend some of the cash the church sent them?

[Yon_Yonson]

48. Banksters, corporate amerika and their political whores are 'fiddling while Rome burns'

:hippie:

[GreenPartyVoter]

49. A lot of people have been laid off and now have the time. Jerkwad!

[Jackpine Radical]

52. Thanks to the machinations of Wall Street,

LOTS of people "have the time to do this."

Apparently the Wisconsin Spring taught them nothing.

[Skittles]

53. they do NOT fucking get it

they don't understand how much anger and resentment is out there

[Kablooie]

58. Until it hits them in the pocketbook they will remain ignorant and arrogant.

[In Other News]

56. So.....

Fifty-six gets frontpaged, but 63 does not. :(

[Kablooie]

57. OWS is just an "entertaining sideshow". Whew!

Something's going to have to hit big to break through those ironwood skulls of theirs.

Until they actually see their pocketbooks diminish, there will be no effect at all.

[primavera]

59. "Let them eat cake"

Where have I heard that before? I don't recall that it worked out very well then either.

[lbrtbell]

61. Yeah, like these fat cats are so sophisticated

You'd probably puke if you knew what these sickos were doing behind closed doors. :puke:

[libodem]

62. They must be saying

Rome has got it goin' on. We need to roll and burn their cars. Fuck 'em.

[Javaman]

63. "It's those pesky kids with their rock and/or roll trying to make the scene"

clearly out of touch with reality, but what do you expect from people who rarely if ever mingle with the great "unwashed" masses.

feed the poor by eating the rich.

[wordpix]

64. "It’s people who have the time to do this.” Banksters can only hope we'll keep those 3 jobs/day &

fall asleep exhausted after. Otherwise, they're screwed.

[yellowcanine]

67. The ability to gamble with other people's money is "sophisticated" ??

Because that is what it sounds like, dirtballs.

[supernova]

69. Unsophisticated? They can't even explain

the tools they use on a daily basis. I'd call that very unsophisticated.

"Duh. i don' t what it is or how it works. I just know it makes me stupid rich."

[Proles]

70. It's gotten to the point now where this movement cannot

be extinguished by marginalizing them and ignoring them.

It's way past that point now. Now, when the movement is belittled, it only grows stronger.