Itâ€™s hard to work in finance and ignore the Occupy movements. In Chicago, the participants march past our offices on a regular basis. The whispers and rumors of some of the supposed policy proposals could have wide-sweeping consequences for the financial sector as a whole if realized. Much of the press and government have expressed confusion over what, exactly, theyâ€™re trying to do. Even in our own offices, opinion on the occupations is divided.
Ambiguous, wide reaching and controversial, what started as Occupy Wall Street has become a worldwide movement, withÂ OccupyTogether.org reporting 118 confirmed occupations globally- many of which are U.S-based. Critics have argued that the movement is a form of class warfare comprised of hippies, anarchists and socialists, but with the numbers of supporters online and at the occupations themselves increasing daily, there comes a point where it doesnâ€™t do us any good to pretend this isnâ€™t happening. There comes a point where we need to understand whatâ€™s happening, and why.
The general reaction of the finance world (with notable exceptions likeÂ Soros andÂ Bernanke) has been to dismiss the protests as a temporary annoyance, but if you read our blog, you know we rarely take anyoneâ€™s word for anything. In true Attain fashion, we decided to research the Occupy movement ourselves. After extensive reading, interviews and several trips down to the Occupy Chicago events themselves, hereâ€™s what we found.
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