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Occupy Wall Street
It seems like the news of the week on Wall Street is all occupation related. Protesters are voicing a wide variety of grievances from educational reform to worker’s rights. One thing that the protesters seem to agree on is seeing an overhaul of our financial system. Many want to see the Dodd-Frank bill passed, which could change everything from the way a working capital loan is packaged to regulations regarding business capital loans.
Yesterday, protesters marched on the homes of some of New York City’s more notorious wealthy residents including Rupert Murdoch and David Koch. Although the protests have been gaining a lot of media attention, many people wonder if the protests will fizzle out when the city cools down for winter.
Reaction to the protesters is fairly mixed. Some have likened them to the Tea Party, claiming they are the grass-roots fringe of the Democrats. Others say they are everyday people with legitimate concerns about growing inequities in the American financial system. Some Republicans have gone so far as to call them a “mob.”
It will be interesting to see what point of view triumphs, or if a compromise can be reached. A Fox News poll released yesterday found that 70% of people support the OWS movement. (A link to the poll was circulated on liberal blogs, so that number may in fact be much lower.) Regardless, anyone working in the financial industry should be taking note.
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Posted on: Wednesday, October 12th, 2011 at 11:00 am
Posted in: working capital loan
Tags: business capital loan(s), working capital loan