Art Cashin Exposes The Fracture Within The #OWS Movement

Tyler Durden's picture

One can always rely on Art Cashin and the Friends Of The Fermentation (FoF) to provide a novel perspective on pretty much everything.

From Art Cashin of UBS

It May Be That Way In 99% Of All Places - The office of one of the regulars in the Friends of Fermentation is in a building that faces Zuccotti Park, the campground for the Occupy Wall Street crew. Being a sociable type (he’s in sales); he sometimes stops to ask someone where they are from and why they are here.

Last Wednesday, he began to chat with a young man with a tambourine who was seeking donations for the group. After a brief chat, my FoF pal told the young man - “I’m not gonna give you any money.” When asked why not, my friend replied - “‘Cause you guys screwed up the drum thing.”

The allusion was to an incident in which an anti-protester had snuck in one night and slashed the leather heads of several drums with a razor knife. The drum owners had asked the protest leaders for a portion of the donations to repair the drums. The leaders, rather publicly denied the request.

The tambourine guy tried one more time. “No”, maintained my friend, “The drum thing was stupid.”

The tambourine guy looked to his left, then to his right as if to see if anyone was near. Then he leaned in toward my pal and whispered - “I gotta admit, management here is pretty dumb. They don’t have a clue.”

Welcome to Wall Street friend, that’s a phrase you’ll hear a lot around here.

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blueRidgeBoy's picture

who cares.  these pussies will be back in their parents' basements by Christmas

CPL's picture

Sad thing is most of them have families with kids when they do move back to their ancestral home.


And that is exactly why most of them are out there.  To give you the opportunity to explore the idea that you might end up in your parents basement by Xmas.  If not you, then someone else you know.

fuu's picture

Keep on keeping on.

MachoMan's picture

I don't want anyone else living in my parents' basement

NoSePuede's picture

It's bullshit that we older adults still think we're in the same economy that we had.  Kids are the first to see the collapsing side of a  credit-fueled binge.

My former Marine corp son struggled for six months to find a job.  He applied EVERYWHERE.  He finally found one at a local supermarket.  The last thing he wants to do is be dependent on anyone or anything.  We're making the most of it, but it eats at him and all I can do is support and encourage.

It doesn't take great talent to pick a kid out of the crowd and have him spout.  Kids don't have the answers.  They have the questions.  It the piss poor stewardship of this country by us older people that's made things hard for everyone.  Are we proud of the legacy that we're leaving them? 


trav7777's picture

what's the American Dream Myth?  Work hard and you'll be richer than your parents.  That ain't happening now.

Graduate, go to college, get job, work, retire.  That shit is last century.  The class war is HERE, but it's been waged by the executive class on the working class.  Why hire an american when everyone in the kitchen is mexican and can't speak english and can be exploited?

The OWS kids with their iPads are running into a wall I call "unmet expectations" or unfulfilled entitlements.  This is obvious when looking down through the "I am the 99%" stories where we see person after person levered up in egregious debt, whether it's a person who bought a house at the peak or a student who accrued $100k for a useless college degree.

People still expect as a right all the trappings of an economy that no longer exists.  And it stings to see connected kids getting all the favors as if this is Brazil

MachoMan's picture

Bingo.  You show me OWS rolling up its sleeves and actually desiring to get its fingernails dirty (this doesn't mean just not showering), and I'll be the first to give it some credit...  until that day, I'll continue to discredit it.

TruthHunter's picture

More likely, kids but not families...

Catman's picture

Or in a van down by the river, eating government cheese

Carlyle Groupie's picture

‘Occupy Boston’ takes Israeli Consulate

Awareness is growing and the Israel types are getting nervous. Squash the OWS movement! We simply cannot have groups congregating and discussing the realities of The United States of Israel.

Carlyle Groupie's picture

"Sarkozy to Obama: I'm fed up with Netanyahu"

Sarkozy tells Obama Netanyahu is a "liar"

"You're fed up with him, but I have to deal with him even more often than you," Obama replied.

Right on O! We're all sick of this scum!

Vote for Obama or Sarkozy!

john39's picture

odd that.... the "leader of the free world" has to deal with a tyrant from a little shit hole in the dessert "every day"....  almost as if obummer resents taking his orders for nutyhayoo.... the HORROR.

MSimon's picture

Israel is growing and the Arabs are about to fall off a cliff. Obviously the Resident needs advice from a country that actually works.BTW Israel will soon be self sufficient in oil and gas. They design Intel chips. Their biotech is world class.

Demographics is destiny. And the Arabs/Persians are sinking like a stone. Starvation is stalking Egypt.

11b40's picture

Israel exists due to America's largess - financial, political & military.  Take that away, and what will you have?

And watch out for those demographics, too.  Hoards of hungry Arabs with less to lose everyday is not a pretty picture.  The Palestinian problem will only continue to get worse, and now Egypt is a big and growing problem.

It is far past time that America read the riot act to Israel and force them to come to terms with reality.  They constantly thumb their nose at the rest of the world as they are lead around by the far-right Zionists, who, in essence are no better than the extremists Muslims.  Extremists everywhere are going to be the downfall of all of us.

trav7777's picture

the palestinian problem will resolve itself over time as they are systematically dispossed of even more land.  At the end of the day, with peace on the table, there won't be enough of a State left for them.  And the zionists will proclaim, "what's done is done."

The REALITY is that the ME conflict won't be solved by anything other than force of arms.  This is a really OLD blood feud and a couple of religions that cannot live with anyone else's religion.  The jews do not tolerate anymore than the muslims in their neighborhood do.

11b40's picture

I agree.  Plus, we have no dog in this hunt, so why do we continue to bankroll the ancient blood feud?  Why not let them go at it, and let God decide the winner.  After all, both sides lay claim to being His favorite.  How else can it ever be proven?

Demologos's picture

Israel will soon be oil and gas sufficient because they are stealing it from the Palestinians and Lebanese.  Israel is  designing Intel chips no doubt with hackable back doors so they can steal our intellectual property and spy on anyone they choose.  Israel's biotech is world class, especially kidney removal techniques for organ trafficking to rich clients in the US.

Demographically, Israel is failing.  A lot of Israelis are trying to get out and fewer Jews want to go there, at least sane ones.  The Arab countries are growing populations.  The only reason starvation is stalking Egypt is the changeover from food crops that used to feed their population, and then some, to boutique crops like strawberries to please the globalization monster.

Israel works?  Didn't MSimon notice the massive demonstrations there by people who are being crushed by high rents jacked-up by greedy landlords?  Israel's Zionist government needs a war right now to distract the public and force dissenters to shut up or have their patriotism questioned.  Hey, the same trick their butt boyfriends in the US government would like to try here.




BigJim's picture

Demographics is destiny, huh? So how's it looking for Israel, with burgeoning Arab and Orthodox populations within its borders, and a growing proportion of zio-indifferent Latinos in its main sponsor, the US?

trav7777's picture

Of course Netanyayhoo is a fuckin liar...and a corrupt convict.  But his fellow citizens, aka dual passport holders run the USA.  Vast majorities of media, finance, and legislative chairs.

Your career will commit suicide the second you even contemplate questioning how the protection of whatever Israel wants is in the US's central strategic interests.

Hell, we were willing to basically go to nuclear war over this little State.

MachoMan's picture

I dunno...  their parents probably even got sick of them by now...

DaveyJones's picture

"pussy" is a strange word for someone screwed over by a corrupt government

SOP's picture

How about "distracted children"  ????



Hugh_Jorgan's picture

Perhaps it would be better to describe a person that was "screwed over by a corrupt government" but responds by picketing the Banksters on Wall Street all while noshing down on all the free "Soros'd eouvres" as an imbecile rather than a pussy, then eh?

DaveyJones's picture

"all the while" is your only objection. You don't criticise their target. And they are getting up from their computers plus taking to the streets. What is your plan of action? 

Barbar's picture

you will be chanting marches alongside such pussies as you have so eloquently put it when gasoline is 10$ a gallon. write this down somewhere.

knukles's picture

So their day jobs are at MF Global?

ZippyBananaPants's picture

What does any of this have to do with Justin Bieiber's baby daddy lawsuit?

HD's picture

Someone PLEASE explain to me why that kid is famous? I can't think of anything he has done. I saw him interviewed on Conan and he was just obnoxious, even for a teenager.

Nothing To See Here's picture

Wow, so someone actually stopped to watch a Bieber interview...

Mr Pink's picture

I actually remember sitting through it too. Conan might be  the only thing funnier than the posters on this site.


I am a Man I am Forty's picture

youtube, music, movies, pop culture, teenage girls, music this a serious question??

kaiserhoff's picture

Hell yes, and is it good for the Jews?

SelfGov's picture

The movement is over.

A guy with a drum is pissed.

fuu's picture

And the tamborine man disagrees with management.

midtowng's picture

Why exactly is this worthy of a ZH front page article? This wouldn't even make it to being mentioned on Fox news.

HD's picture

If Goldman owned those drums the fed would have bailed them out. Sounds like the OWS understand moral hazard better than the Street.

DormRoom's picture

with a name like, 'Art Cashin', how could you not be successful in life?

Shizzmoney's picture

Everyone go back to being sheep.  Your thoughts are not welcome in America no more.

New motto in America: "You'll like our shitty country and shut the fuck up"

Mercury's picture

 “I gotta admit, management here is pretty dumb. They don’t have a clue.”

Just wait until you have to deal with your regulators...


youngman's picture

"Drums..they have drums...and all I have is this cheap tamborine....that is not fair...that the one percent have drums....and the rest of us only have tamborines...drum wanna is this country a joint head hurts.."

Free Markets's picture

When you earnestly believe you can compensate for a lack of skills by doubling your efforts, There's no end to what you can't do.

LongSoupLine's picture

I'm to the point of not finding humor in any subject mater relating to Wall Street, Banks, government, politics, media, or any other blanket and/or supporting subject that relates or correlates to global financials.


I guess I flat-out don't have any humor remaining.  With that, we must truly be very close to end state of this giant lie. 

toady's picture

I've been there for a while too. I just keep monitoring for the eventual meltdown so I can head for the hills.

Still, I gotta get a laugh in every now and then, especially now when things are still going good.

I can't imagine there will be a lot to laugh about when there are tanks in the street.