Occupy Vigilantes Write New Volcker Rule Script: Susan Antilla
http://www.bloomberg.com/news/2012-03-01/occupy-the-sec-writes-new-volcker-rule-script-commentary-by-susan-antilla.html
t isnt every day that a reporter gets to sit in on a high-stakes policy meeting in New Yorks financial district, but thats exactly what I did on a balmy evening in late February at 60 Wall Street, the U.S. headquarters of Deutsche Bank AG.
No, the bank didnt lose its institutional marbles and give me clearance to scribble notes while its cognoscenti mapped out corporate strategy. The confab I dropped in on was taking place under potted palm trees in the banks ground-floor public atrium, and the participants were 13 members of Occupy the SEC, a spinoff group of the Occupy Wall Street movement. I cant help but conclude that their plans for petitions, marches, op-eds and sit-down meetings with banking regulators will be inflicting Wall Street with a long, nasty attack of agita.
Occupy Wall Street and its working groups, including Occupy the SEC, were supposed to be dead, in case you missed the obituaries. Now the protesters are messing with detractors heads with the emergence of a media-savvy collection of legal, banking and activist members who come off as sane and authoritative. This is not the way the Occupy bashers welfare-bum hippies propaganda script was supposed to play out.
On Feb. 13, seven writers who described themselves as concerned citizens, activists and financial professionals filed a 325-page comment letter to financial regulators, outlining their concerns about loopholes in the Lets Try to Avoid the Next Financial Crisis proposal known as the Volcker rule.
*** unlike breitbart -- the rumors of the demise of OWS are exaggerated