Even as the three-week-old protests against Wall Street grow louder, Wall Street itself remains silent. As the “Occupy Wall Street” movement continues to spread across the nation, the traders, bankers and hedge-fund managers targeted as the “1 percent” have barely weighed in on the protests, according to the NY Post report.
The few that have opined tend to express sympathy, if not always support, for the movement.
“The protesting is a statement the future is very clouded for a lot of people,” Larry Fink, CEO of giant investment firm BlackRock, said earlier this week at in event in Toronto.
“These are not lazy people sitting around looking for something to do,” he added. “We have people losing hope and they’re going into the street, whether it’s justified or not.”
“I think people are understandably angry,” Neel Kashkari, the head of equities for money-management firm Pimco, said this week on CNBC. “The financial crisis was deeply unfair.”
Even hedge-fund manager George Soros, whose wealth is estimated at $22 billion by Forbes, said he can understand the protesters’ grievances.
At a United Nations conference on Monday, Soros compared small business owners -- many of which went out of business during the downturn -- with the banks, which received government aid and then paid “bumper bonuses.”
Find out more at http://www.nypost.com/p/news/business/silence_on_the_street_Y3p7LgVzsjCH5WrfSB4mVN
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