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Prepared by
Suraj
Rohit
Nimit
Rishi
Agenda
 Introduction
 The seed for unrest
 Anti capitalist
 Bail out for wall street not main street
 Conclusion
Introduction
 Occupy wall street
 Big shift
 The seed for unrest
 During 1998-2005
 After 2001
 US govt.
 US financial Institution
 During 2006-07
 During 2008
 US bailout packages
Anti capitalist movement
 Argued that US govt. should tax the rich
more and spend money on healthcare and
in people’s interest
 Losses were socialized and gains were
priority
 Against free market capitalism
 Regulation of private sector
 OWS protests wanted US govt. to reform
the banking system to prevent fraud
Anti capitalist movement
 To get out the money from politics
 Protested against the govt. agancies
and gigantic powerfull financial
institution
Bail Out
 TARP cause under criticism
 When the top management of tarp
recipients maintained their jobs and high
salaries
 While the shareholders value was either
wiped out or got diluted
 Although TARP had a key role in helping
wall street banks
 OWS movement, protested against the
government bail out
 Since 1960, the CEO
Bail Out
 Since 1960, the CEO, pay had
increases 350 times the average
workers pay
 Between 1979-2007 the top 1% real
income after tax was had increased
270% . While the other 99% did not
even see an increase of 70%.
Conclusion
 Government should always be
transparent in their policy and make its
citizens aware of what they are doing,
as this protest has been a big history
due to the confusion of capitalism in the
minds of people, where as the policies
were to reform the economy.
Thank You

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Occupy Wall Street Movement: Bailouts Benefited Banks Over Main Street

  • 2. Agenda  Introduction  The seed for unrest  Anti capitalist  Bail out for wall street not main street  Conclusion
  • 3. Introduction  Occupy wall street  Big shift  The seed for unrest  During 1998-2005  After 2001  US govt.  US financial Institution  During 2006-07  During 2008  US bailout packages
  • 4. Anti capitalist movement  Argued that US govt. should tax the rich more and spend money on healthcare and in people’s interest  Losses were socialized and gains were priority  Against free market capitalism  Regulation of private sector  OWS protests wanted US govt. to reform the banking system to prevent fraud
  • 5. Anti capitalist movement  To get out the money from politics  Protested against the govt. agancies and gigantic powerfull financial institution
  • 6. Bail Out  TARP cause under criticism  When the top management of tarp recipients maintained their jobs and high salaries  While the shareholders value was either wiped out or got diluted  Although TARP had a key role in helping wall street banks  OWS movement, protested against the government bail out  Since 1960, the CEO
  • 7. Bail Out  Since 1960, the CEO, pay had increases 350 times the average workers pay  Between 1979-2007 the top 1% real income after tax was had increased 270% . While the other 99% did not even see an increase of 70%.
  • 8. Conclusion  Government should always be transparent in their policy and make its citizens aware of what they are doing, as this protest has been a big history due to the confusion of capitalism in the minds of people, where as the policies were to reform the economy.