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In Private, Wall St. Bankers Dismiss Protesters as Unsophisticated

Via: New York Times

Publicly, bankers say they understand the anger at Wall Street — but believe they are misunderstood by the protesters camped on their doorstep.

But when they speak privately, it is often a different story.

“Most people view it as a ragtag group looking for sex, drugs and rock ’n’ roll,” said one top hedge fund manager.

“It’s not a middle-class uprising,” adds another veteran bank executive. “It’s fringe groups. It’s people who have the time to do this.”

~~~

It will ultimately thin out, Wall Street types insist — especially when the weatherturns colder. They see the protesters as an entertaining sideshow, little more than flash mobs of slackers, seeking to lock arms with Kanye West or get a whiff of the antiestablishment politics that defined their parents’ generation.

“There is a view that it will be a lot of sound and fury signifying nothing,” said one financial industry official.

http://www.nytimes.com/2011/10/15/business/in-private-conversation-wall-street-is-more-critical-of-protesters.html?pagewanted=2&ref=nyregion

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October 16, 2011 - Posted by | Occupy Wall Street | , ,

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