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Sunday 16 October 2011

by: Zaid Jilani, ThinkProgress [3] | News Analysis

http://www.truth-out.org/other-occupation-how-wall-street-occupies-washington/1318774400

As ThinkProgress has previously noted [5], the 99 Percent Movement has been set off thanks to long-standing economic inequities and and a recession caused primarily by Wall Street’s misdeeds.

Wall Street did not engage in reckless financial behavior — which plunged 64 million people worldwide into extreme poverty [6] — in a vacuum.

In order to engage in these practices that brought the world’s economy to its knees, Wall Street had to make sure that the federal government based in Washington, DC would both de-regulate the financial industry (and provide lax oversight) and that Congress and the Federal Reserve would bail out banks with few strings attached if they were in danger of failing

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Recommend “Zaid Jilani” - The Other Occupation, How Wall Street Occupies Washington (Email)

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