Wall Street Banksters doth protest too loudly.....

[marmar]

:cry: :nopity:



Is the orchestra ready.....? :nopity: :nopity: :nopity:



Wall Street Begins Campaign to Thwart ‘Populist Overreaction’
By Robert Schmidt


June 25 (Bloomberg) -- Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

The securities industry “must be perceived as part of the solution, which will allow it to better defend against populist overreaction,” the documents, prepared for a June 17 meeting of SIFMA’s board, said.

The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.” .........(more)

The complete piece is at: http://www.bloomberg.com/apps/news?pid=20601087&sid=aNBWPPxGyWaU

[DJ13]

1. I posted this on abother board about this same subject

Wall Street Begins Campaign to Thwart ‘Populist Overreaction’

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OVERREACTION?!





















They can go fuck themselves!

[onethatcares]

2. Amen.

I share your sentiments entirely.

[Greyhound]

3. K&R, but dropping like a rock as usual.

Kind of sad, really.
:kick: & R

[Zorra]

4. "Execution Phase"? If I were a Wall St. Bankster, I'd change that phrase.

Sounds like a bloody period from the populist French Revolution.

[Marr]

5. Wait a minute-- they're using *our* money to convince us that they need *more* money?

"At least $85k a month" on PR efforts?