Occupy Wilmington takes message on the road


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Submitted: Thu, 10/20/2011 - 8:36pm
Updated: Thu, 10/20/2011 - 8:37pm
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WILMINGTON, NC (WWAY) — Occupy Wilmington was back at it again this afternoon, sharing the group’s message with drivers at one of the city’s busiest intersections.

Protestors took their movement to the corner of S. College Road and Oleander Drive this afternoon. The Wilmington protesters waved signs, played the drums and even used a loud speaker as part of their demonstration.

The movement is part of the wider national group that says it represents the 99 percent of people suffering in the economy. Protestors had specific reasons for being there.

“I’d like them to pass some legislation that would help not only people get jobs, but that would help us to save our homes,” protestor Kris Gupton said.

Another protestors, Brian Cox, said, “I would like to see a more equitable distribution of the wealth in this country, but more than that I’d like to see a better future for my daughter.”

Protestors say they can achieve their goals by continuing these demonstrations, sharing their message on Facebook and by letting congress know what they want.

Members of Occupy Wilmington say they will hold another protest October 29 at Riverfront Park.

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85 Comments on "Occupy Wilmington takes message on the road"


Guest3478
2015 years 8 months ago

Perhaps you should mention the part of the story about how former Treasury Secretary Hank Paulson (during 2008) was also a former CEO of Goldman Sachs, during the time when Goldman was packaging subprime mortgages and selling them as AAA-rated securities to unwary investors (including pension funds) while simultaneously buying investments for themselves that were based on making big returns in the event of failure of the very products they were selling to their clients.
What school are you talking about that you would like me to go back to? I have attended five institutions of higher education (including the University of Tennessee and Auburn University), hold multiple degrees including a Ph.D., have taken a great many courses at both the undergrad and graduate levels in history, business, and economics, and none of this was covered in any of them. Universities teach about legitimate business practices. I learned what I know about these topics in the school of hard knocks, running businesses on Main Street.

lardorty
2015 years 8 months ago

I am 58 years old, employed full time, a taxpayer, registered voter, home owner, and responsible citizen. Fed up with our elected representatives protecting the interests of the large corporate donors to the detriment of the majority of the people. I’ve never participated in a demonstration before “Occupy”, but feel compelled to do so now. We the People deserve better representation than we’re getting. I believe the majority feels likewise, young, old, employed or not, financially comfortable or not. Thanks.

Commonsensenotcommontoday
2015 years 8 months ago

Have you ever seen me write anything good about Paulson? No, you haven’t.

And while Goldman Sachs’ conduct may have been unethical, it was not illegal. There’s a distinct difference and that’s why prosecutions are next to impossible. Even if they had been involved in illegal activity, where do you assemble twelve Americans who can all understand how bonds are rated, what credit default swaps even are, and how the government agencies backing these crap bonds were staking their reputation and the taxpayers’ dollars that they weren’t crap at all? Look what happened at the unsuccessful prosecution of the two Merrill Lynch traders.

Good God, man – you have a PhD and think that shareholders of a corporation incur no risk when they invest! What does that say about the prospects of assembling an intelligent jury from twelve people off the street? Read some of these posts – do you want their authors sitting in judgment on a case involving stripped interest derivatives or the spreads on CDSs.

Goldman Sachs is guilty of simply trying to hedge their own exposure when they awoke TOO LATE to the fact that it was all coming crashing down. If you read “The Big Short” you know that a lot of people awoke to the smoke and shattering mirrors much earlier. Hell, even I saw the cracks appearing and dumped almost all my financial stocks before I got hurt too badly.

Should GS and the others have dropped out of selling MBS when they saw what was coming? Yes. COULD they have dropped out? Highly doubtful. The home loan business would have slammed shut like a vault door. We would have seen exactly what we DID see, only with a lot more panic thrown in. Read the transcripts of the Fannie Mae and Freddie Mac hearings earlier and tell me what the reaction of people like Fwank, Dodd, and Paulson would have been if they had dared rear up to the giant and said, “We’re not selling this junk any more.” Tell me what would have happened to GS if they suddenly presented a roadblock and possible chink in the armor of the federal mortgage giants? What would the governmnet have told them? (What did the governmnet tell the banks that didn’t need TARP? What did the governmnet tell Oppenheimer when they said no to the terms of the Chrysler bankrutcy?)

I have no idea who you are, have no idea what you do, have no idea if you’re an honest businessman or a thief. But if someone else is guaranteeing your loan, I’d lend you $1000 sight unseen. That’s the exact circumstance banks found themselves in and they did get sloppy, from little community S&Ls like Cooperative up to giants like Citigroup. The money was flowing like wine and Uncle Sam was covering all bets.

Ultimate blame lies on the doorstep of Washington, who kept guaranteeing far too many loans of dubious quality that they were completely aware of.

Guest7969
2015 years 8 months ago

can say that I am comfortable making what I make with the work I do…if I want more..I WORK MORE…it’s fairly simple…here it is in its simplest form…

Money = Energy…Energy represents ALL of those things you are unwilling to do to survive. It means you PAY for someone else to expend their energy so you don’t have to. Energy in this example is your doctor, your medicine, your food, etc. Back in the 50’s and 60’s…people didn’t need more money because they did more things for themselves..bottom line…you want to sit on your rear end..YOU NEED MONEY…corporations are just supplying energy, THEIR ENERGY, to do the things you cannot and will not do for yoursef….if you don’t need what they offer…DON’T BUY and they go away! You are on a computer to access this site…you OBVIOUSLY don’t believe what you say!

“social justice, economic justice” = SOCIALISM..of which I will FIGHT YOU TO MY DYING BREATH TO STOP!

Guest7969
2015 years 8 months ago

your old, stupid and most likely a Democrat that unfortunately voted for…wait for it..OBAMA…want to protest someone responsible for this crap…GO PROTEST THE WHITE HOUSE! What you guys FAIL to comprehend here is that you get a vote…WE ALL DO…THAT is what controls the law..corporations follow the law…PERIOD. Want to change the law..VOTE SOMEONE ELSE INTO OFFICE! Again…corporations will ALWAYS make money…they pay no overhead, salary or tax….YOU, the consumer do it all for them…

What you people are for is SOCIALISM…and not the kind we already participate in on the fringes…hard core take that persons money and give it to me SOCIALISM!…and I will DIE FIGHTING AGAINST IT!