Bank Lobbyists Terrified of Occupy Movement

Lobbying firm Clark Lytle Geduldig & Cranford sent a proposal to the American Bankers Association, offering to implement an $850,000 strategy to undermine the credibility of the Occupy Wall Street protesters. The plan was leaked to MSNBC host Chris Hayes, who made the memo available on the net.

The authors of the proposal have exposed just how scared the banking industry really is. Should the Occupy movement co-opt the Democratic party in the same way the Tea Party did the Republicans, according to the lobbyists, such events could “have very long-lasting political, policy, and financial impacts on the companies in the center of the bullseye.”

The document goes on to caution that Tea Party protesters could potentially join forces with Occupy Wall Street because “well-known Wall Street companies stand at the nexus of where [OWS] protesters and the Tea Party overlap on angered populism. [...] This combination has the potential to be explosive later in the year when media reports cover the next round of bonuses and contrast it with stories of millions of Americans making do with less this holiday season.”

Of course, for less than a million dollars, how much could the lobbyists really hope to accomplish? JP Morgan Chase dumped $4.6 million directly into the NYPD, and so far the cops have only exasperated the situation.

But, like you’ve read here many times before, the occupy movement will not be stopped. There is too much at stake, and too much already wrong with our system for us to simply give up. The point of no return has been breached and now we cannot stop until we’ve reclaimed democracy for the world.

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One Response to “Bank Lobbyists Terrified of Occupy Movement”

  1. WiseFather says:

    You might like this. I called my credit card’s customer service line to do some negotiating. Having a bit of leverage, I thought it presented a great opportunity to mess with them a little and make a few points about the unfairness of the credit card lending system. I made video of the call and posted it on my blog and Youtube. It is quite funny even if you are pro-megabank. Since it’s a protest at home, I called it my kitchen counterstrike against Bank of America. http://www.ragingwisdom.com/?p=508

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