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Wednesday, October 19, 2011

A good read of the public mood

Wall Street’s 1% Meets 2 Billion Seeking Answers: William Pesek - Bloomberg: "There were more obvious places for Tokyo’s Occupy Wall Street protest to converge on Saturday than the nightlife district of Roppongi. It could have begun in Nihonbashi, home to the Tokyo Stock Exchange; Nagatacho, Japan’s Capitol Hill; or Ueno, where droves of Tokyo’s homeless congregate.
Instead, activists chose the city’s hedonistic melting pot of hipsters, strippers, gangsters, expatriates and bankers. Not just any bankers -- Goldman Sachs ones who work in the swanky Roppongi Hills complex. Amid the hundreds of activists, I saw signs saying “No Greed,” “Taxiderm the Rich” and my favorite, held by a 20-something woman: “Stop Vampire Squids.”
It was a reference to Goldman Sachs Group Inc. (GS), which was labeled a “great vampire squid wrapped around the face of humanity” in a 2009 article in Rolling Stone magazine. For better or worse, Asians see Goldman Sachs both as the gold standard of investment banks and a byword for how incestuous ties between banks and government concentrate wealth in the hands of a few."

'via Blog this'

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