"Rage" against Wall Street power clogs sidewalks

NEW YORK Mon Sep 19, 2011 7:58pm EDT

Protesters demonstrate near Wall Street against banks and corporations in New York September 17, 2011. REUTERS/Eric Thayer

Protesters demonstrate near Wall Street against banks and corporations in New York September 17, 2011.

Credit: Reuters/Eric Thayer

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NEW YORK (Reuters) - Protesters complaining about the power of the financial industry staged noisy demonstrations that slowed pedestrian traffic on Wall Street for a third day on Monday, vowing to continue "for as long as it takes" to achieve vague demands.

Up to 150 protesters near the New York Stock Exchange held up signs saying "we must end corporate tyranny and corruption" and "debt is slavery". The protesters claimed up to 350 demonstrators had come and gone throughout the morning.

Police reported eight arrests -- two for attempting to enter a Bank of America office on Saturday, when larger crowds amassed for a protest billed as a "Day of Rage," and six more on Monday. At least four on Monday were held for wearing masks, which is illegal for groups of two or more, police said.

"The elite corporate power have hijacked democracy," said Alexander Penley, an international lawyer from New York. "The economic depression we are experiencing today has something to do with how Wall Street is run."

Demonstrators have displayed other signs including "commodity inflation causes starvation" and "I can't afford a lobbyist," indicating wide-ranging frustration with what they say is the financial industry's lack of accountability for the 2008 financial crisis and persistently high unemployment.

Police maintained an intense presence in the Financial District, partitioning off areas of the sidewalk and slowing pedestrian traffic in a neighborhood that in recent years has become more a tourist attraction than a center of financial trades.

The demonstrators have vowed to stay for months, though it was unclear what message Wall Street employees would hear.

"The truth is I was only half paying attention to what they were saying," said Ken Polcari, managing director of ICAP Equities.

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Comments (6)
NedStark wrote:
“”The truth is I was only half paying attention to what they were saying,” said Ken Polcari, managing director of ICAP Equities.

“It just seemed like it was people walking around with nasty signs up talking about the financial community, about Wall Street being the devil and all that,” Polcari said.

Ye, that’s all it was, there, Kenny. Nothing to see hear, folks…move along. Sorry to disturb you masters of the universe at work. There’s still plenty of money to be drained out of the middle class, so…keep at it!

Sep 19, 2011 4:41pm EDT  --  Report as abuse
DrJJJJ wrote:
If ya don’t like the rotten apple, take your money out! Most of us should be investing locally now-safer bet and supports local business! But to turn into anachist on us or will b*tch slap ya out of town! Anarchist have small brains and no morals!

Sep 19, 2011 4:59pm EDT  --  Report as abuse
fred5407 wrote:
I think DrJJJJ is missing the point. This is the beginning of the struggle against the greed, poor ethics, and poor citizenship that is present in the financial industry, and carries over into the large industries and government. This greed is even present in our schools, and in our churches. We have a serious greed illness in the United States and it can and will kill us if we don’t change our ways.

Sep 19, 2011 5:06pm EDT  --  Report as abuse
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