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SEIU Organizing Protest In Front Of Goldman's D.C. Office At Noon

Tyler Durden's picture




The Service Employees International Union must not have gotten the revised scriptures. Which is the presumably why the SEIU is organizing a protest at noon in front of the Washington D.C. cephalopod cathedral: "Enough is enough. Join hundreds of taxpayers on
November 16th, when we demand that Goldman Sachs give its $23 billion
in bonuses to foreclosure prevention programs and press Congress to
implement rules that would protect Americans from big bank greed."

The full press release from the SEIU's website:

  • WHAT: High Noon at Goldman Sachs. Taxpayers demand that Goldman stop using our money to pay their bonuses and lobby against us.
  • WHO: Hundreds of workers, religious leaders, and taxpayers from around the country.
  • WHERE: 12:00pm at Goldman Sachs DC office, 101 Constitution Ave NW, Washington, DC 20001.

More on the event from Politico:

Goldman is one of the few large financial firms that early on chose
not to lobby against the left’s favorite part of the financial reform
package — the creation of a consumer financial protection agency. And
most if not all of the major Wall Street players say they agree no
firms should be too big to fail and support at least the principle
behind Democrats’ proposals to end the "too big to fail" era.

 

But Goldman and other Wall Street firms are very opposed to a new idea
gaining traction on the “to big” front — legislation that would empower
the federal government to preemptively break up big, complex or
interconnected firms even if they’re healthy. Goldman is a member of a
coalition, Partnership of New York City, that will meet with the New
York congressional delegation next week to urge their resistance to
such measures.

The area in front of the firm's New York headquarters is so far "populist-anger" free, if not "armed-guards" free. The Main-Wall Street schism is getting more acute by the day.




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Mon, 11/16/2009 - 12:04 | Link to Comment D.O.D.
D.O.D.'s picture

I'll make some calls, expect some Outlawz to show...

Mon, 11/16/2009 - 12:06 | Link to Comment Argonaught
Argonaught's picture

Awesome.  One group specializing in robbing taxpayers protesting another group specializing in robbing taxpayers.

Mon, 11/16/2009 - 12:49 | Link to Comment Mad Max
Mad Max's picture

Couldn't have said it any better.

Stay away from this protest.  Could be fun to watch on TV though.  Of course I doubt that the SEIU types will get nearly the brutality from police that a bunch of geriatric white retirees worried about their pensions and healthcare would get.

Mon, 11/16/2009 - 12:51 | Link to Comment D.O.D.
D.O.D.'s picture

"Vampires, pretending to be human, pretending to be vampires; how avant gaurde"

Mon, 11/16/2009 - 13:39 | Link to Comment Stevm30
Stevm30's picture

Yes - look for signs saying "Stop sucking blood from our host - find your own!"

Mon, 11/16/2009 - 12:07 | Link to Comment Biff Malibu
Biff Malibu's picture

I stopped reading MISH Shedlock because of his constant idiotic anti-union bashing, and now I find it very funny that the UNIONS which many of my conservative friends (myself also being a conservative...strange..), anyway, how many of my conservative friends blame the UNIONS for this country going down the toilet, and the UNIONS are the ONLY ONES WITH BALLS to STAND UP to the great vampire squid...

Biff

IAFF

 

Mon, 11/16/2009 - 12:37 | Link to Comment Breaker
Breaker's picture

This is just faux class warfare. Andy Stern and the folks at Goldman are part of the same class--the governing class. For example, to all intents and purposes, Andy Stern owns the State of California and dictates most issues of political importance there. More than any one other person, he is responsible for the mess CA is in and has become immensely powerful creating that mess.

So this strikes me more as a set-piece (instead of someone "standing up" to Goldman) geared toward making sure the non-governing class remains segmented and divided along traditional worker vs capitalist lines. Heaven forbid they figure out that the bad guys here may put on different hats (union leader hat, investment banking hat, president hat etc) but that they are part of a single group that specializes in taking money from the productive portion of society, putting it in their pockets, and helping other members of the governing class do the same.

I would be pleased if this were evidence of the governing class starting to turn on itself. But that is, in my opinion, still some time off.

Mon, 11/16/2009 - 12:40 | Link to Comment Argonaught
Argonaught's picture

ding ding ding!  Two gov't teet-suckers jostling for position (both stepping all over the taxpayer)

Mon, 11/16/2009 - 18:05 | Link to Comment geopol
geopol's picture

That's OK, Just slip one of Arnolds I.O.U.'S in your 1040.

Mon, 11/16/2009 - 13:30 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:40 | Link to Comment R. Wilson
R. Wilson's picture

Labor might nominally take a stand against GS, et al, but don't forget that both parties would benefit should the US continue down the path of oligarchy.

Mon, 11/16/2009 - 12:58 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:11 | Link to Comment Catullus
Catullus's picture

Someone want to get a camera out there and take some pictures?

Mon, 11/16/2009 - 12:12 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:13 | Link to Comment Harbourcity
Harbourcity's picture

THIS JUST IN!

The US Government is organizing a protest at noon in front of the Washington D.C. cephalopod cathedral: "Enough is enough. Join hundreds of government employees on November 16th, when we demand that Goldman Sachs give its $23 billion in bonuses to pay off the deficit and press Congress to implement rules that would protect US government employees and politicians from big bank greed."

The full press release from the US GOVT WEBSITE 

  • WHAT: High Noon at Goldman Sachs. US Government demand that Goldman stop using our money to pay their bonuses and lobby against taxpayers.
  • WHO: Hundreds of government workers, politicians, and lobbyists from around the country.
  • WHERE: 12:00pm at Goldman Sachs DC office, 101 Constitution Ave NW, Washington, DC 20001.
Mon, 11/16/2009 - 12:21 | Link to Comment D.O.D.
D.O.D.'s picture

Yeah that sounds good; gov't, bankers, and taxpayers, all in the same place.  Yeah, let's have a sit down, a chit chat; we got some things to discuss...

Mon, 11/16/2009 - 12:14 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:16 | Link to Comment buzzsaw99
buzzsaw99's picture

HAHAHAHAHAHA!!

That's a good one!!

Thanx 4 the laugh ZH.

Mon, 11/16/2009 - 12:19 | Link to Comment SDRII
SDRII's picture

Master trust data shows yet another massive ROI to public investors in TARP: 300 bps in a month is pretty good; who says there is no inflation

• BAC Portfolio yield 24.54% vs 21.89% in September and 23.29% in August; ex-recoveries 24.08% vs 21.52% in September and 22.94% in August

Mon, 11/16/2009 - 12:27 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:44 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:46 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:49 | Link to Comment Anonymous
Mon, 11/16/2009 - 12:58 | Link to Comment bigdad06
bigdad06's picture

HAHAHA!!! If they were really serious they would be protesting in New York and not D.C. What a joke! If each of the protestors bought gold and silver they wouldn't be protesting, they would be celebrating like me!! WHEEE!!!! It will be fun to watch though. Note to self: get some popcorn.

Mon, 11/16/2009 - 13:00 | Link to Comment aka_ces
aka_ces's picture

Holy squid !

Mon, 11/16/2009 - 13:00 | Link to Comment trav777
trav777's picture

SEIU:  Gibs me dat

Not clear here how "giving" this money to "foreclosure prevention" is going to help a problem caused by not earning enough to freaking afford what you borrowed to buy

Mon, 11/16/2009 - 13:03 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:03 | Link to Comment grunk
grunk's picture

Mr. Shark, meet Mr. Remora.

Mon, 11/16/2009 - 14:27 | Link to Comment Mad Max
Mad Max's picture

Which one is which?  Hard to tell from here.

Mon, 11/16/2009 - 13:04 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:12 | Link to Comment Anonymous
Mon, 11/16/2009 - 14:21 | Link to Comment Anonymous
Mon, 11/16/2009 - 14:42 | Link to Comment faustian bargain
faustian bargain's picture

hicks and cranks versus thugs and gangsters...decisions, decisions...

Mon, 11/16/2009 - 13:16 | Link to Comment digalert
digalert's picture

Take heed, Obamas organizers oops I mean SEIU the new policy makers are voicing their concern. someones not going by the playbook

Mon, 11/16/2009 - 13:18 | Link to Comment laughing_swordfish
laughing_swordfish's picture

Interesting.

One species of Vampire Squid (governemnt employee unions) protesting the activities of another (Goldman Sachs).

That the "protest" is taking place in Washington rather than NY says it all.

We knew it would come to this - there's so little left in the "real" economy that the scavengers are now fighting over the scraps that remain.

How Droll.

 

 

Mon, 11/16/2009 - 13:32 | Link to Comment Anonymous
Mon, 11/16/2009 - 13:22 | Link to Comment Anonymous
Mon, 11/16/2009 - 14:47 | Link to Comment Argonaught
Argonaught's picture

You mean Larry Summers?  No, he is busy defending GS.  Also, he prefers the term 'Big Boned' to 'giant' or 'inflated'.

Mon, 11/16/2009 - 13:36 | Link to Comment perpetual-runner-up
perpetual-runner-up's picture

did seui rough up the tea party goes to get better position in front of GS HQ?

Mon, 11/16/2009 - 13:43 | Link to Comment carbonmutant
carbonmutant's picture

Pigs fighting at the trough.

Mon, 11/16/2009 - 15:08 | Link to Comment mrhonkytonk1948
mrhonkytonk1948's picture

I feel the same way I do when the Jets play the Giants:  is there some way they could both lose?

Mon, 11/16/2009 - 16:43 | Link to Comment Anonymous
Mon, 11/16/2009 - 17:08 | Link to Comment trav777
trav777's picture

Theory: good

reality: different

 

Unions were great when they forced disgorgement of company profits to workers instead of what they are now, part of the interlocking executive directorate.  Same private schools, same golf clubs, same political/class circle.

 

What we NEED is the ownership of companies, namely the pensions and mooch funds to start FORCING payment of dividends and we need more aggressive capgains taxes and relaxed divvy taxes to support this.  No more profits to stock buybacks to support the freakin execs' options strikes and no more megabonuses for share price PONZIS.  I mean, every fkin company is Worldcom now.  Mgmt just games the sheets for as many quarters as they can then the share price collapses and they still get paid plus keep ALL the bonuses they got and oh sh!t they managed to bail on the stock right before the crash.  After 10 years, the OWNERS get sh!t on.

The notion that capgains are reward for ownership is bullsh!t.  Because those gains have time and time again proven to be completely bogus and known to evaporate implosively.  Who here owns a business and pays your managers all of the freaking profits!??!!?

Mon, 11/16/2009 - 17:58 | Link to Comment newera22
newera22's picture

I am a big capitalist. I am on the side of SEIU on this one.

Mon, 11/16/2009 - 18:02 | Link to Comment Anonymous
Mon, 11/16/2009 - 19:04 | Link to Comment Anonymous
Mon, 11/16/2009 - 19:26 | Link to Comment Zippyin Annapolis
Zippyin Annapolis's picture

SIEU=GS

 

They are both organized appropriators, thieving thugs and just one step ahead of the law.

Tue, 11/17/2009 - 01:12 | Link to Comment tom a taxpayer
tom a taxpayer's picture

Address correction - Goldman Sachs office in Wash D.C. is at 1600 Pennsylvania Avenue.

Tue, 11/17/2009 - 03:44 | Link to Comment j0sh1130
j0sh1130's picture

my own personal thoughts on GS aside, trying to force congress to take an investment firms money to bolster foreclosure programs is stupid.  GS didnt do it all themselves.  why dont you go to your local motgage brokers office (the same guy that got your servie worker's ass a mortgage on a home you couldnt afford to begin with) and demand he give you his leased s class and sell his underwater home to make you whole again.

Tue, 11/17/2009 - 14:42 | Link to Comment Anonymous
Tue, 11/17/2009 - 14:43 | Link to Comment Anonymous
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