Mo’ Money, Mo’ Problems – OWS has $500K In The Bank…
- Posted on October 23, 2011 at 11:27pm by
Mike Opelka
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Money, one of the main issues that sparked the Occupation of Wall Street, is now causing tension among the ranks of protesters.
Occupy Wall Street (OWS) may not have a unified goal, or a confirmed set of demands, or even an official leader… but the rag-tag group assembled in Zuccotti Park has a half-million dollars in the bank.
According to the New York Post, OWS has deposited five hundred thousand dollars into an account and is using the money to fund the daily operations in Lower Manhattan. They also have physical assets substantial enough to require significant storage space. CBS News reports that the protesters are filling a large storage space around the corner from the park they occupy.
“They’ve amassed mounds of blankets, pillows, sleeping bags, cans of food, medical and hygienic supplies — even oddities like a box of knitting wool and 20 pairs of swimming goggles (to shield protesters from pepper-spray attacks). Supporters are shipping about 300 boxes a day.”
Donations in the form of money and goods have been coming in since the early days of “Occupy Wall Street” but most of the protesters were oblivious to how much money had been collected until the newspapers started reporting it. And now there is a mad scramble by many to stake a claim on a share of the cash sitting in a union-owned credit union. Early last week it was reported that $300,000 in cash had been donated to the group from various sources and that money had been deposited in a local branch of a credit union:
“Close to $300,000 in cash also has been donated, through the movement’s website and by people who give money in person at the park, said Bill Dobbs, a press liaison for the movement. The movement has an account at Amalgamated Bank, which bills itself as ‘the only 100 percent union-owned bank in the United States.’”
Less than a week after that news broke, the total amount in the OWS bank account has reportedly swollen to $500,000 and according to the New York Post, the money, and how it is or isn’t being spent has started causing problems inside Zuccotti Park.
For example- the Comfort Working Group (one of several small sub groups that have sprouted up inside OWS) thinks its daily $150 allocation to purchase shoes, socks and cold weather gear is too little, especially compared to the $2000 a day afforded the Kitchen Group.
A drummer representing the “Pulse Working Group” (they support the seemingly non-stop Drum Circles) is not happy after his request for $8000 to cover drums damaged by vandals and weather, was rejected by the General Assembly.
As the Finance Committee renders decisions on petitions made for allocations, the working groups whose amounts are rejected or reduced are becoming quite vocal about their displeasure.
This may be a sign of bigger problems ahead.
Stay tuned.
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Comments (129)
Rajabear1
Posted on October 24, 2011 at 12:12amAll of them are asked to go out and BEG for donations and then have to turn all of it over to a ‘central bank’ for all accounts. They are ‘working’ for their money but aren’t allowed to keep it. They are getting their first real education of the socialist utopian dream–there is ALWAYS someone controlling the masses. This is where the fissures will begin, I believe. By the way, the drums that were vandalized were most likely marching orders from the organizers or working family bunch. The residents near the park wanted restricted to 2 hrs a day and they agreed, but when the drummers found out they refused and the was a big brush up. Somehow, I don‘t think their going to be given and cash for their ’needs’ watching this unfold is fascinating, you just couldn’t make this stuff up if you tried.
Report Post »ZAB
Posted on October 24, 2011 at 12:18amSounds likee the Moonies rrun amok!
Report Post »phillipwgirard
Posted on October 24, 2011 at 12:26amRAJA1 basically what you said, the truth is better than fiction,
Report Post »DJ6ual
Posted on October 24, 2011 at 12:28amTruth is ALWAYS stranger than fiction.
Report Post »CatB
Posted on October 24, 2011 at 1:01amGlenn is doing a “special” on OWS Monday at 5pm .. no doubt this will be in it!
GBTV at 5 pm Monday!
TEA!
Report Post »Firebrand
Posted on October 24, 2011 at 1:11amSocialism always breaks down right about the time real people get involved. It’s the difference between theory and application. In order for socialism to work the way socialists want it to, you have to be able to negate human nature. Humans, as altruistic as we would like to be, are for the most part and in REALITY greedy, power hungry, selfish, vengeful, and sometimes just plain mean. Though the progenitor or head of such a movement may in fact be genuinely selfless, it doesn’t take more than a couple iterations before human nature takes over. The problem then becomes that when the people have everything provided for them, they in reality own nothing. Starving, hungry, and shelter-less people will do and agree to anything to get their basal needs back (Maslow ring a bell?).
Let’s be honest. The OWS crowd are only protesting because they don’t have what they WANT in life. IT has nothing to do with needs. The US has come to a point where all your needs are met, but that isn’t good enough anymore. So, now they argue about what constitutes a need and a right. If they can expand what your needs are, then pretty soon everything becomes a need or a right. Then everything is provided for you and you own nothing.
Someone needs to ask Obama during the debates the following question. “What should people be responsible for providing for themselves? In other words, what SHOULDN’T the government provide other than the obvious drugs, alcohol, gambling money…etc?”.
Report Post »Salamander
Posted on October 24, 2011 at 1:16amPertty soon, they’ll be in the 1% and then have to give up all their ‘hardly earned’ money to the poor people!-the 99%! The rest of the World would be laughing themselves silly over this mess, if they weren’t truly starving to death! The bottom 5% in American is still probably the top 1% on the World scene!
Report Post »Marci
Posted on October 24, 2011 at 2:32amIsn’t that the truth Raja? Welcome to socialist Utopia. This is how it works and funny how these dimwits still haven’t realized they are being governed by a “larger group” and they aren’t really in control at all. You think this would be an education on that, but we are dealing with complete idiots here.
Report Post »EZDOZIT
Posted on October 24, 2011 at 4:34amObama and Biden are the 1 %.
Report Post »Sheepdog911
Posted on October 24, 2011 at 5:58amWelcome to the world of socialism. You can’t have what is yours. The irony of putting their money into a bank is just too much. In the end, the few, the self appointed central committee will walk away with all the money. If NYC werre smart, they’d file against the account to fund clean up and police overtime.
Report Post »demint.disciple
Posted on October 24, 2011 at 8:08amDaily operations ??? Like what ? It’s not like they need toiletries .. Perfect, they are “GIVEN” money because that’s what they want free handouts, but now also, they put it in that filthy big business bank..Look at that picture of them on here and I ask, would you or anyone you know donate ANYTHING to these morons ?
Report Post »poorrichard09
Posted on October 24, 2011 at 8:31amHmmm. Sounds like GREED is bubbling up among the utopians. Human nature never changes.
Report Post »Vechorik
Posted on October 24, 2011 at 8:42amI’ve asked Blaze to report this, to no avail.
I’ve been posting it in the financial section, hoping people will see it.
It’s very important and NOT AN AD!
What Obama could do to physical gold people are holding in their hands!
Report Post »http://www.youtube.com/watch?v=dbrsI8S4Tro
biohazard23
Posted on October 24, 2011 at 8:45amIrony, thy name is OWS…..
Report Post »skitrees
Posted on October 24, 2011 at 9:12am@Firebrand – GREAT idea: posing the question of “what SHOULDN’T the government provide” to Obama – or ANY progressive for that matter. Really great topic starter; thanks for the idea.
Report Post »AvengerK
Posted on October 24, 2011 at 3:37pmLOL…”Collapse Wall Street…but what kind of interest do we get on our deposit and is there free checking”? ….Idiots.
Report Post »South Philly Boy
Posted on October 24, 2011 at 12:10amThey should have to PAY TAXES on that money
Report Post »bomzin
Posted on October 24, 2011 at 12:35amBrilliant idea we should tax not for profit organazations. All of them.
Report Post »Mimi24
Posted on October 24, 2011 at 12:43amNice try Bomzim, but no.
Report Post »Mimi24
Posted on October 24, 2011 at 12:44amSorry, Bonnzin.
Report Post »lorikeet
Posted on October 24, 2011 at 12:46am@southphillyboy — I bet they are supposed to pay taxes on that money. Unless someone set this up as a nonprofit way in advance. Which would mean it’s not so spontaneous. (big surprise, huh) Something tells me the IRS won’t be looking at their books though.
Report Post »demint.disciple
Posted on October 24, 2011 at 8:19amPretty Ironic that the drummer needs an 8000 dollar handout and the OWS higher ups say NO, I mean isn’t that what they are out there for,free handouts ? Hypocrites I guess.
Report Post »DJ6ual
Posted on October 24, 2011 at 12:09amIt would be nice to see OWS use those funds to employee some of the protesters. I’d love to see them get organized and train their followers to be lobbyists and/or politicians. I don’t agree with OWS on almost anything, but I would rather fight it out with them at the ballot box then the on the street corner! With this level of financial backing it would be a nice change of pace to see the OWS show some maturity and resolve their problems like adults. Is that really asking too much?
Report Post »phillipwgirard
Posted on October 24, 2011 at 1:21amDJ6 I think asking them for ANYTHING would be asking for too much, but i’m with you on that.
Report Post »Meyvn
Posted on October 24, 2011 at 5:58amI wouldn’t want to see any of them to become lobbyists and/or politicians. If anything, I am thinking they are in dire need of sanitation engineers.
Report Post »LB
Posted on October 24, 2011 at 12:06amGive it a little more time…They will start eating each other.
Report Post »DJ6ual
Posted on October 24, 2011 at 12:12amLiterally? Figuratively? or both? …lol!
Report Post »phillipwgirard
Posted on October 24, 2011 at 12:13amwhile they eat eachother, the rest of us can eat cake.
Report Post »AProudConservative
Posted on October 24, 2011 at 12:20amI wonder what an anti-Semitic, left wingnut Communist would taste like? I’ll have mine medium-well done. I wonder if this will be on the menu at Ruths-Chris?
Report Post »eugenia
Posted on October 24, 2011 at 1:09amWhy not. They’re already stealing from each other especially those pricey gadgets and in Cleveland, raping each other. So much for love, peace, unicorns and rainbows.
Report Post »phillipwgirard
Posted on October 24, 2011 at 12:06amHOLD ON A DAMN MINUTE HERE! They’re protesting people who make a million or more a year right? Well it seems to me that since they believe in the collective and the all are one psychy, they just made a half million in a little more than a month. any comments on this one? i’de love to hear more on this please!!!!!!!!!!!!!!!!!!!
Report Post »hineni
Posted on October 24, 2011 at 12:04amThat amount would cover about 2 college loans. The young college-educated protestors have eagerly taken govt. loans for college and turned themselves into indentured servants who can‘t find professional jobs and are all moving back to their parents’ homes. The universities don’t care — they’ve got all the money the govt. approved for the kids who were too stupid to prepare themselves for lifelong college debt. They’re also too stupid to realize they should be protesting academia. Caption: Dumbass future leaders of a bankrupt America.
Report Post »franko58
Posted on October 24, 2011 at 12:03amIs there anyone on this sight now that remembers the poor, unlucky husband and wife that lost their wallet and all their money, at the Glenn Beck gathering, in august? Not only did some very, very generous, super great persongive these people quite a bit of “HOLD OVER CASH”, to make it through the time and to get home? That alone is unbelieveably great, but it gets better, who remembers the person that found their money, ……..AND RETURNED IT TO THE PEOPLE. Let’s see that happen at any of these obnoxious semi-riots, where all these cool and groovy hippies ARE STEALING FROM EACH OTHER. YEA, JUST LIKE THE TEA PARTY!!!!!!
Report Post »honor007
Posted on October 24, 2011 at 12:26amI remember that!!!! Only at a tea party. And at Tea Party Rally’s, someone making upsetting comments that are NOT in line with the movement; they are confronted by fellow Tea Partiers, and then they leave. We don’t deal with hate.
Report Post »Remember the Flying V Flock of Geese Flyover, that was the most beautiful, divine moment I ever witnessed. That day was truly a miracle. God Bless Glenn Beck~
http://www.youtube.com/watch?v=jc3PGadwS0w&feature=player_embedded
Mimi24
Posted on October 24, 2011 at 12:42amI didn’t hear that but thanks for posting. Great story.
Report Post »babylonvi
Posted on October 24, 2011 at 12:01amWho says the money isn‘t coming from Obama via CIA ’black’ budget accounts?
Report Post »DJ6ual
Posted on October 24, 2011 at 12:23amWho is to say the money isn’t coming directly from people who believe they are contributing to the Obama campaign?
Who is to say the money isn’t coming from stolen Credit Cards and Faked Mortgage Loans?
Who is to say the money isn’t coming from “kick-backs” that Corporations negotiated with the leaders/organizers of OWS when they were allowed to use the OWS Movement to market their products (i.e. Ben & Jerry)?
It would be nice to know.
Report Post »SoiledDove
Posted on October 24, 2011 at 4:02am@DJ6UAL,
Have you ever of Occam’s razor? You should really read up on it…
Sure, it COULD be a massive left wing conspiracy. Of course, the money could have come from supporters of the movement who could not be there in person but who nonetheless strongly agree with the message of the protesters.
I’d bet all the money I have in the world that it is the second one.
Report Post »staythecourse
Posted on October 23, 2011 at 11:59pmSo….who is going to be filing out the tax forms for the government?
Report Post »babylonvi
Posted on October 24, 2011 at 12:02amThe CIA doesn’t pat tax.
Report Post »demint.disciple
Posted on October 24, 2011 at 8:27am@SOILEDDOVE.. And what message, might I ask, would that be ?
Report Post »Slayer
Posted on October 23, 2011 at 11:58pmHow much taxes are going to be paid on this money and by whom? Someone needs to get the IRS down there quick.
Report Post »Rajabear1
Posted on October 24, 2011 at 11:05amI believe last week I read that they are running all their donations through a 501c which is why they have to turn in their panhandled ‘donations’ through their central bank account rather than directly use all but a small amount ($150 per day, I think) for their daily needs.
Report Post »Smokey_Bojangles
Posted on October 23, 2011 at 11:54pmNow they will protest not getting $8000 for drums.Hell,Ringo don’t even have drums that Expensive.
Report Post »Theleftisda
Posted on October 24, 2011 at 12:02amBut mommy said they cost 8 grand
Report Post »oregon scott
Posted on October 24, 2011 at 7:53pmMy guess is his mom said you can take them out and play with them but if the get ruined, you are going to have to replace them yourself. I am wondering about all the parents that think the kids are in school while paying the tuition and not knowing what the kids are up to. and why the cell bill is outrageous from all the texting and web surfing. What will they do if they get their wish and Mom and Dad lose their Jobs and can’t support these fools any more. Just wondering.
Report Post »oregon scott
Posted on October 24, 2011 at 7:54pmMy guess is his mom said you can take the drums out and play with them but if the get ruined, you are going to have to replace them yourself. I am wondering about all the parents that think the kids are in school while paying the tuition and not knowing what the kids are up to. and why the cell bill is outrageous from all the texting and web surfing. What will they do if they get their wish and Mom and Dad lose their Jobs and can’t support these fools any more. Just wondering.
Report Post »goobert
Posted on October 23, 2011 at 11:53pmI hope this whole George Soros financing this thing backfires on Soros and ends up getting Ron Paul in as president.
Report Post »Meyvn
Posted on October 24, 2011 at 6:09amIt would be nice. We need to re-introduce the “Green Backs”, like Lincoln did, abolish the Federal Reserve, make fractional reserve banking illegal, exit the IMF, World Bank, BIS, and UN. This all needs to be done simultaneously.
Report Post »franko58
Posted on October 23, 2011 at 11:52pmI hope that they will obay the tax laws like all good americans. They need a good financial advisor? Let’s see, ah, ah, I’m thinking, umm……, I wonder, oh I wonder, maybe Guitner, (sic), (like him). I‘m sure if he’s busy, then the union organizers will help, let’s not forget we have, JIMMY HOFFA working for these idiots, he’s good with money, after all his dad taught him ! Be good american citizens kiddies, and keep all receipts, and PAY YOUR TAXES TO YOUR UNCLE SAM. WE ARE WATCHING !!!!
Report Post »demint.disciple
Posted on October 24, 2011 at 8:38amWhat a goof you (sic) your own spelling.. It was you that spelled it.. Do you know what (sic) means, or ? I‘m not putting you down I just don’t want you to look foolish.. :~) It means (Thus; so. Used to indicate that a quoted passage, especially one containing an error or unconventional spelling, has been retained in its original form or written intentionally. Used when quoting an exact..
Report Post »Robert-CA
Posted on October 23, 2011 at 11:52pmCome on OWS spread YOUR wealth .
Report Post »seeker9
Posted on October 23, 2011 at 11:50pmCould be used for… I don’t know, cleanup maybe?
Report Post »HumbleMan
Posted on October 24, 2011 at 4:30amI‘m guessing it wouldn’t put a dent in the damage they have caused or in the tax-funded overtime for the NYPD. As with most liberal movements, it’s a net-loss.
Report Post »phillipwgirard
Posted on October 23, 2011 at 11:49pmunbelievably sick.
Report Post »pamela kay
Posted on October 23, 2011 at 11:48pmOne can truely see the comparisont to the Tea Party and the OWS as allot of BS. So they are getting everything free and still not satisfied? Amazing. While there are a couple of things both agree on the route the OWS have taken is not the direction that the Tea Party wants or needs to go. We can not accept the violence and disruption that the OWS have shown. Nor would we allow the thug groups and anti American and anti Jewish remarks. We love our country and want it back. We believe in the constitution and smaller government. Lower taxes, capitalsm, freedom and God. We never destroyed property, left trash, or disrupted anyones lives. We paid our own way ,out of our own pockets. We want to cleanup the greed and corruption in Washington. We believe in closing our borders, supporting our military, and are proud to wave the American flag. We work hard and pay our taxes and live by the rules.
Report Post »banjarmon
Posted on October 23, 2011 at 11:48pmFollow the MONEY TRAIL!!!!………..Soros???
Report Post »Drakkhanlord
Posted on October 24, 2011 at 1:30amsoros , unions, and the rest of the marxiSoccomms…
Report Post »Smokey_Bojangles
Posted on October 23, 2011 at 11:45pmDrop in the Bucket to what George Soros already pays them.
Report Post »Swurvis
Posted on October 23, 2011 at 11:45pmHow long until the supposed 99% rise up against this Financial Committee that’s trying to keep them down? Isn’t that the point of these protests?
Report Post »banjarmon
Posted on October 23, 2011 at 11:44pmThe GREEDY in the OWS are rearing there UGLY HEAD!!!
Report Post »Therightsofbilly
Posted on October 24, 2011 at 12:12amI think they should put it in a “lawk bawx” as Algore would say.
Then they can parcel it out to all of the poor, less fortunate, occupiers out there that could not afford to come and live on the street with them.
It would be the liberal thing to do.
Report Post »Delta D-5-3
Posted on October 23, 2011 at 11:42pmHalf MILLION dollars??? Hmmm, thought people were “protesting” because they didn’t have any money because you know, the evil banks took it all………losers. Go home and get a damn job.
Report Post »thepatriotdave
Posted on October 23, 2011 at 11:54pmThis is freakin hilarious! The anti-capitalists are finding out that managing money is not as easy as they claim.
Report Post »On second thought… they have known all along what hipocrits they are being. They just wanted a reason to raise some hell for their Dear Leader B. Obama! Anything for “the cause”, the “Communist cause” that is!!!
Defends the TRUTH
Posted on October 24, 2011 at 12:41amOr better yet, Maybe they should go home and try to CREATE a Job or business…like the rest of the 99% of us!!!!! Just using their numbers….LOL
HOOKED on Capitalism works for ME!!!!!!!!!!!!!!!!
Report Post »lukerw
Posted on October 23, 2011 at 11:40pmThat’s not even 2000 if split equally… so they might as well just stay & protest!
Report Post »JEANNIEMAC
Posted on October 23, 2011 at 11:38pmThe “useful idiots” are squabbling amongst themselves. Apparently some of the “have-nots“ have become ”haves” and are controlling the riches the demonstrations have amassed. Now the other have-nots can demonstrate against the new occupier haves.
Report Post »bullcrapbuster
Posted on October 23, 2011 at 11:33pmHa ha ha
Report Post »CatB
Posted on October 23, 2011 at 11:36pmThey are protesting the BANKS and have $500,000 in the BANK! LOL … Gotta love it … hypocisy LIVES!
TEA!
Report Post »seeker9
Posted on October 24, 2011 at 12:12amThat is over the $250K to qualify as millionire. Time to “eat the rich” as their placards say!
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