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Demonstrators March on JP Morgan and Bear Stearns HQ
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Thomas Marczewski
New York City Independent Media Center
March 28, 2008
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| An unannounced protest brought the realities of the average home-owner to the very heart of the banking industry. | |
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Wearing yellow shirts that declare, “Stop Loan Sharks,” hundreds of protestors from across the US marched on JP Morgan Case headquarters and then into the lobby of Bear Stearns across the street. Having suffered through the mortgage crisis, and finding themselves unable or struggling to pay off higher interest rates, the participants on Wednesday expressed their outrage at a government backed $20 billion dollar bail-out of Bear Stearns, one of the key investment banks behind the melt-down.
The mood in the lobby was strangely relaxed. We had just entered en masse in what was a powerful show of strength and solidarity. Now as the protestors, employees, and security took it all in, an air of, “let’s get down to business,” settled on the crowd. Bruce Marks, head of the NACA or the Neighborhood Assistance Corporation of America, and organizers began marching up and down the L shaped lobby, right passed the security desk and employee entrance. Chanting, “Main street not Wall street,” and demanding to see Jamie Dimon, CEO of JP Morgan, the demonstrators held the lobby for an hour, as employees either quickly rushed by or stood around long enough to take a picture with their cellphone.
The peaceful demonstration inside the lobby at an end, we walked out and onto the street were the chanting and marching continued. As Bruce Marks announced, “Today we marched into their house, we violated their space.” Indeed, this unannounced protest brought the realities of the average home-owners to the very heart of the banking industry, and though stricter regulation or a fine instead of a bail-out would please those hurt more, Wednesday’s show of strength proved a small victory in the larger struggle.
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March 28th, 2008 at 7:04 pm
“participants on Wednesday expressed their outrage at a government backed $20 billion dollar bail-out of Bear Stearns”
Federal Reserve is not Government organisation. I thought this was clear. Government represents Corporations interests and not you. UNITED STATES is a Corporation in its own right.
March 28th, 2008 at 7:28 pm
If the Federal Reserve is not a government organization, then why are its governors appointed and confirmed the same way that Executive Branch officials are appointed and confirmed???
March 28th, 2008 at 7:32 pm
Bail out the troubled homeowners too.
Clearly we can all see the Socialism for the HAVES, and the Shackles that bind the rest of us.
Money, as it is used today, is a social contract to keep the HAVES from PERFORMING ANY
M A N U A L L A B O R.
We have the ability to break this contract.
B A R T E R
S E L F S U F F I C I E N C Y
F A R M I N G
2nd A M E N D M E N T
etc.
The most difficult thing is to go COLD TURKEY from using this monetary system. Of course we currently cannot be off 100 percent, but we must make some effort for our LIBERTY. Many are successfully weening off, and the more we convert the LESS they have. We must not let them DIVIDE us.
March 28th, 2008 at 7:32 pm
Sigh……good point grig…why don’t they realize it is a taxpayer bail out…the ones whom should be protesting are us who have paid all bills on time and have not lived beyond our means. Because we will foot the damn bill!!!!!!!
March 28th, 2008 at 8:40 pm
need to see more demonstrations like these then some shit will finally happen.. good or bad.. ehe
March 28th, 2008 at 8:41 pm
… the stitching has stretched and is just starting to burst at the seams…. how much more duct tape does the fed have?
March 28th, 2008 at 8:45 pm
The Federal Reserve is a CORPORATION owned by two hand fulls of International Jewish Bankers.
March 28th, 2008 at 8:58 pm
Did ya’ll hear Bob Chapman on AJ show this week? He said Bear Stearns refused to participate in a scheme with the Fed back in 1998, and so they let this happen to Bear S.
The Fed refused to do the bailout themselves, and drove the share price down to $2 from way more $216, I think, but I didn’t get that number written down, and loaned a failing bank-JPMChase (Cousin Rockefeller) the money to acquire all the ‘assets’ and let the Execs run away with their big fat bonuses, which they would not have been able to keep in a Bankruptcy plea. But the employees DIDN’T get to have a retirement, I think. Can you spell ENRON?
Those Banksters never forget, and your day will come if you don’t play ball. Wonder who else they will get even with in this financial mess up.
March 28th, 2008 at 9:25 pm
The False Messiah/Antichrist and his system will try to STARVE all who do not submit to its RULE.
March 28th, 2008 at 9:44 pm
PRAISE GOD!! its about time we had some action here, instead of the stupid moronic ” christians ” who need to ” pray ” more. WHAT A JOKE, while they mock God with ISHTAR PLAYS
and preach the sick , prosperity gospel. God is in control, but he was also in control when we exposed, opposed, and deposed THE KING GEORGE about 225 yrs. ago! We need not be violent, but we are heading into WW3 and also a police state here, soon, so lets be vigilant, not silent! OPEN YOUR MOUTHS, BROTHERS, NOT BEING COWARDS! dino from wis.
March 28th, 2008 at 10:13 pm
The Stock Market will become a huge vortex that sucks all the wealth of the nation and world and makes sure we are all penniless so we have to grovel in front of the government.
March 29th, 2008 at 2:44 am
…Ah-bdi…You guys dont know shit about no …bdi…bankin’. I mon tell you how to fix this…bdi…bitch for good (…ah-bdi…).First , you take the…bdi…interest rates , pack’em tight with depleted uranium …ah-bdi…,than you get some of them…bdi…bad ass baby/puppy killer marines and have them shove that up (way up !) the goddamn…bdi…deficit !!! Now ,…ah-bdi…that should do it , by gadfry!!!…ah-bdi…
March 29th, 2008 at 3:28 am
The US job market 2009 -
http://youtube.com/watch?v=3XGJq8wrw5I
March 29th, 2008 at 4:20 am
i hate j.p morgan! they are federal reserve scum! and created all of this this for their own benefit. I hope those mafias against these fat cats in the far east start soon – Bring it on please, please, please!!!
March 29th, 2008 at 7:08 am
Ya screw J.P. Morgan and all those elitist international bankers! They need to be checked down…
March 29th, 2008 at 7:16 am
The Govt will give the Fed Reserve Corp more power since they already own the USA and everyone inside it.
March 29th, 2008 at 7:23 am
tom stop being stupid
March 29th, 2008 at 7:34 am
BushCo are also real estate fraud scammers. The $145 Billion S&L “scandal” was the largest financial fraud in human history at that time…..and the world laid it at the feet of GeorgeH, Neil, Jeb, and George W Bush’s. Now we find ourselves in a “subprime-poor-people-did-it mortgage” scandal yet again based on the exact same crimes as the S&L scandal. All of this was conspired and perpetrated well before GW took office. Finally……having Ben Bernanke as Fed Chairman is like having Harriet Meyers as a Supreme Court Justice. Up until Bernanke’s crimes during Katrina, he was simply a financial “advisor” to GWBush. 6 months later he is the Fed Chairman. The financial crimes Bernanke committed during Katrina have NEVER been brought to light. To recap….what crimes are the Bush’s good at? Real estate, war, drugs, incarcerations, pharma, law/law enforcement, and oil. That just about sums it up what we have seen over the last 8 years.
March 29th, 2008 at 10:36 am
Wish I could of been in there with them.
13*
March 29th, 2008 at 12:20 pm
First none of you have a clue! Start buying the Yen, that is if you have any money left? Get ready for the BIGGEST BUBBLE TO BURST, it is 30 times BIGGER than the credit crunch, get ready when it POPS, people will see their net worth get cut in half, of courst if they have a net worth?
The BUBBLE IS CALLED THE CARRY TRADE PROBLEM, remember that name, simply put it is a financial shall game the world financiers have been playing for years throught the Bank of Japan, the bank that has become the WORLD’S “SECRET BANKER” Western bankers and hedge funds figured out they could borrow money at 0% to 1% and invest it elsewhere at 5% – 10%, and a brand new bubble was born: the Yen CARRY TRADE. This hidden bubble has grown by 1,071 % propping up markets and inflating assets from New York to Barcelona…from London to Sydney.
And now all that money – Trillions of dollars -is getting homesick. Its all about to flood back to its source. And the bubbles it helped to inflate are going to POP… one by one, youve just seen a small POP with the mortgage an credt crash. When the dollar goes down the Yen goes up, WHY?
Because those loans are due NOW and these bankers, financiers must pay it back at higher rates, they must sell off assets and repay these loans or risk bankruptcy. Buy Yens Now while they are low, this will kick those greedy bankes right in their butts, and it just might save you.
March 29th, 2008 at 12:56 pm
50% of the blaim rests upon those who spent more then they have.
this is the result of greedy banks and those who life styles dont match their fiances.
I think both should be allowed to crash naturally.
serves them right.
March 29th, 2008 at 1:22 pm
#21, Just say no: That is the correct sollution. After which we seek to abolish the FED and all private banking in the US.
March 29th, 2008 at 3:32 pm
The blame is not on those that spent more than they have, it rests solely on the banks and all creditors for allowing more credit than should have been given out. When the bank tells you your loan is good you tend to trust and believe them as they know what you owe, to whom you owe, your credit rating, you income, your mom maiden name, you pets name, age, job, all payments to utilities, etc…but just say no says it is 50% to the borrower! Give me a break they know what they are doing by giving the loans out to the people in the first place, it is a win-win for the bankers, your money or your property. Notice how the bankruptcy laws were change a few years ago before the bubble collapse, they have did this all by design. Wake up just say no and smell what the fed is cooking.
March 29th, 2008 at 7:42 pm
Deal in precious metal. open an account with a precious metal dealer. have all your cutomers exchange their fiat money for precious metals coin.
March 29th, 2008 at 9:00 pm
Everyone needs to grow up and stop being whiney little *&()& The blame is not on the banks. Banks are here as a convenience to us all. The entire blame lies on on all of us consumers who are too gready for our own good. Every borrower knew what they were getting into. Everyone just wants it all and wants more than they can afford. GROW UP AND STOP CRYING!! Take responsibility for your own greed and deal with it!! F#$%# babies!! I am going into forclosure because I to an ARM to buy a house I knew I couldn’t afford. The bank didn’t buy the house I did!! To quote a song from the Eagles “Get over it!!!”
March 29th, 2008 at 9:08 pm
Grow up. You do have some valid points. However, I would HIGHLY reccomend that you watch the following two videos. Google Video “Money Masters”, and Alex Jones-
“Comprehensive Annual Financial Reports”.
I don’t think you realize yet just how much yourself, and others have been, and are being robbed.
Investement banking is a “members only” club, and investement bankers in the club are the largest insider traders in the world. It is imperative that we all understand how money is made, under what laws, why, and most importantly by who, and for what reason.
March 29th, 2008 at 9:10 pm
Google my name
March 29th, 2008 at 9:19 pm
Ambassador of Poland Victor? If you were really in Skull & Bones, what was your code name?
March 29th, 2008 at 9:22 pm
Sir…..because Bush selected me to the Ambassadorship of Poland, I by law, have to answer NOTHING to anyone in the world. Even if Congress asks about my homosexual relationship with President Bush in college when we were roomates at 2 seperate all-male cheerleading schools, I would never have to answer. Can you believe I was convicted of election fraud in 1974? Talk about things to come huh? Ps…..what ever happened to the video of George and Jeb Bush being busted for selling cocaine in the Miami Intl airport in 1985?
March 29th, 2008 at 9:27 pm
Victor,
That tape is at the bottom of the sea with George the elders WWII flight logs.
March 29th, 2008 at 9:28 pm
“It’s known by many sources that George W. Bush in 1968 [when he was tapped into the Skulls and Bones] was performing homosexual acts with his male sex-mate and Yale roommate Mayor Ashe of Knoxville, TN. While mayor, Ashe made several unscheduled visits to the White House and, according to US Secret Service sources, Bush made at least 8 unscheduled and unannounced trips to Knoxville while he has been President.
Ashe is suspected of two arrests. One was in Washington DC and the other was in Atlanta, while he was a Tennessee state legislator. They allegedly involved arrests while he was picking up male tranvestite prostitutes in public restrooms.
Ashe was allegedly introduced on live TV, by Peter Jennings, as “The gay mayor from Knoxville” at a national mayor’s conference in San Francisco.”
March 29th, 2008 at 9:30 pm
There are even suspicions in the US that the anthrax mailings right after 9/11 — a matter that like Bin Laden, is still unsolved — was done to shut down the National Enquirer newspaper in Florida, which supposedly had photos of George W. Bush from his Skull and Bones secret society days at Yale in compromising sexual positions. Ambassador Ashe was a member of Skull and Bones at the same time. The only casualty of the Florida attack was the photo editor, Bob Stevens, whose widow is suing the US Government for not keeping the anthrax under control. The building was bought for a ridiculously low price by none other than the New York mayor, George Bush’s pal, Rudy Guiliani, who has cleaned it up.
March 29th, 2008 at 9:34 pm
“In 1986, the Bush family arranged for George to join Worthy Creations, a church group in El Paso that focuses on converting homosexuals through faith.
“A year later, Bush claimed to be straight, born again, and engaged to Laura Welch
March 29th, 2008 at 10:07 pm
Bush is getting ramrodded up the ass by someone other than cheney. HAHA
March 30th, 2008 at 12:55 am
These mass demonstrations are exactly what will be needed in the coming months as the economy continues its downwaed spiral. Thousands need to get involved, anything less and the police state comes in with their heavy equipment and off to the FEMA camps. Mass general strikes, and whatever it takes to take back our Constitution and our country.
March 30th, 2008 at 9:39 am
yah all got it all wrong. It who issues the money that counts. Andrew jackson knew that the bank of england and interest on vapour money were to blame. When jackson died, people wept in the streets. There is going to be a lot of weeping if you ‘merkans don’t take out the top guys that are causing all these problems and return the issue of money back to the people rather than a handful of thugs that are psychopaths and are jsut going to keep stealing….because they can…until you say enough! Stop using the dollar, go to community currency, stop charing your brothers interest on interest, but above all get rid of the top sheisters…and you know who they are. history just repeats for ever until you learn.
March 30th, 2008 at 10:26 am
BushCo are also real estate fraud scammers. The $145 Billion S&L “scandal” was the largest financial fraud in human history at that time…..and the world laid it at the feet of GeorgeH, Neil, Jeb, and George W Bush’s. Now we find ourselves in a “subprime-poor-people-did-it mortgage” scandal yet again based on the exact same crimes as the S&L scandal. All of this was conspired and perpetrated well before GW took office. Finally……having Ben Bernanke as Fed Chairman is like having Harriet Meyers as a Supreme Court Justice. Up until Bernanke’s crimes during Katrina, he was simply a financial “advisor” to GWBush. 6 months later he is the Fed Chairman. The financial crimes Bernanke committed during Katrina have NEVER been brought to light. To recap….what crimes are the Bush’s good at? Real estate, war, drugs, incarcerations, pharma, law/law enforcement, and oil. That just about sums it up what we have seen over the last 8 years.
March 30th, 2008 at 4:10 pm
I protested in the digital world because they had a location set up in second life but all of the protesting drove them out,they are no longer part of the cyber world …
March 30th, 2008 at 5:57 pm
Thank You protesters!!! Lets get this party started and crank up the protests to the point New York
can’t handle any other visitors other then “We the People”.
We are “FED” UP with this Cartel and the political arena in this country. The treason, theft, money laundering and “False Flag” operations, causing death to innocent people while covering up for all their financial greed. The lies, the trough feeding, the crap…It has got to be stopped.
This Cartel prays on Americans and uses us as collateral for their out of control spending. The Cartel imposes more taxes, favors less salary and enslaves us to debt. They own it … yet we pay for it all.
Our elected representatives are no better. There is one or two but the rest have chosen to save themselves and abandon the people they represent. From the White House down the fish stinks.
The Secretary Treasurer empowered to extremes, the Federal Reserve Private Bankers calling the shots.
Freedoms being taken right out from under us for their control and power.
England still owns us and that has to end.
The TERRORISTS are our own people… crashing planes into buildings, stealing American monies,
treating the world like the mafia treated each other.
We can take this country back and WE better.