Occupy Wall Street
I’m sure many of you are starting to take notice of the “Occupy Wall Street” movement. When I saw an article today in the Chronicle about students walking out of classes to show support I figured I better check into this a bit more. What I found was a #occupywallstreet Twitter feed that was flying by faster then I have ever seen. Live Streams showed a substancial crowd presence that appeared to be quite engaged. And the heightened fears of Greece going into default justifies the concern. Recent days have shown us that Washington is very nervous about all of this. And I would bet that some of the Wall Street fat cats are starting to seek out safe asylums off shore. Might not be a bad idea for some of the politicians as well. Occupy Wall Street rallys are scheduled around the country but it will probably focus on NY and Washington. I’m going to go out on a limb here and predict that this protest will grow to proposions equivalent to those of of the Vietnam war. This is no “Tea Party”, these are very frustrated educated masses equipped with social networking of a scale that dwarfs the recent revolutions of the middle east.
What will be the result of these protests? My guess is that we will not be bailing out our banks in the next round of their defaults.