An interesting tidbit of news came out recently about the the Occupy Wall Street movement. Seems as though they aren’t so attached to their cause after all (or at least they have selective hatred and concern), since Amagalmated Bank, their “bank of choice” , is part of the problem the 99% are protesting so vehemently against. Turns out that Amalgamated, while originally started and owned by a labor union, actually acted like a greedy corporate bank and participated in supbrime lending in California, and even sold out out to the tune of a 40% share to private equity ventures. One of the chapters of the movement in Oakland even opened an account and deposited $20,000 in Wells Fargo when a credit union was unable to accommodate their needs in a time frame that was convenient for the movement . Oh for shame!
You see, for all of the bitching and moaning and camping and disrupting the movement has done, they also showed the world that they themselves don’t believe entirely in their own cause. Talk about contradictory actions and hypocrisy. What happened? Did they suddenly decide that although they were tearing down corporations and banking institutions (and the people who run them) that it was alright to do business with them because it was necessary? Who could have possibly foreseen that a credit union would have trouble accommodating a large group with large sums of money at times that would be convenient to the consumers?
What you have to understand is that I have no problem with people having opinions on certain matters, or certain beliefs, as that is their inherent right as people and as Americans. What I do take issue with is when people don’t fully think through their reasoning for coming to hose conclusions. By having large, corporate banking institutions with millions of dollars at their disposal, Occupy Wall Street is able to manage the donations and have access to those funds when they need it. Their own bank, by participating in the dangerous business of subprime lending and selling ownership stake to private equity funds, is a contributor to the events that the groups is angry about. A great and funny journalist who I’ve been following for a few years now, Brandon J. Mendelson said “Someone’s gotta tell the protestors that every time they buy those V for Vendetta masks, they’re making Time Warner wealthier.” The people protesting in NYC were surveyed by Baruch College and it turns out that 31% were over 35, over 50% were employed full-time, 13% made over $75,000 which begs the question: what the heck are they complaining about, and even moreso why are they protesting rather than doing their jobs earning money for their families?
Why don’t these people try to do something productive like run for office to try and change things? Why don’t any of them start a business and employ those who cannot find work? Why don’t any of them get off their asses and try to communicate with the people they deem to be offenders rather than protest? Why don’t don’t they start a program to teach people valuable skills so they can become employable again? Why don’t they go back to their jobs (since a good number of protesters have them) and use some of their earnings to financially back a campaign or a constructive platform they believe in? Why disrupt other people, whom they claim to represent from being able to do their jobs and earning a living for themselves?
All of this seems to be flying in the face of what these people are supposedly outrages over, and are fighting against. What kind of message are they sending if they are, on their own, going to make exceptions to the causes beliefs when it benefits them?