TD bank exec sees 'good side' to Occupy movement

[Swede]

The head of Canada's second largest bank says the lack of solutions offered by the Occupy Wall Street movement -- a point that has drawn widespread criticism -- may be actually one of its greatest strengths.

"The good side of Occupy Wall Street is that they're saying, ‘This isn't working for me. There's something going wrong here and we don't like it,'" Ed Clark, the CEO of TD Bank, said Sunday.

So far, protesters have avoided what Clark sees as "the biggest risk," which is latching on to a solution prematurely.

"In my view, the problem is that people move too fast from defining the problem to defining the solution when we haven't really got a consensus around what is really the nature of the problem we have to deal with," Clark told CTV's Power Play from Toronto.

While he worries the movement might eventually be "taken over" by "more radical groups," the protests have until now been "a positive force in saying, ‘Let's be clear, something's not working here.'"



Read more: http://www.ctv.ca/CTVNews/Canada/20111030/bank-exec-lauds-occupy-movement-111030/#ixzz1cHuLAluI

[applegrove]

1. TD Ameritrade is part of TD banks if anyone wants to know. Thankfully our banksters in Canada

have not drunk the koolaid of the right wing. Probably why we didn't have a housing bubble in Canada.