This Is the Video of Princeton Students Interrupting a J.P. Morgan Info Session With an Occupy Chant
- Posted on December 29, 2011 at 2:42pm by
Jonathon M. Seidl
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Bloomberg News columnist Michael Lewis wrote a scathing critique of the big banking firms on Thursday. The column, a fake letter from one banker to his colleagues, mentions a stunt that Occupy Princeton pulled off earlier this month, when protesters interrupted a J.P. Morgan info session on campus.
Here’s how Lewis described it:
Across the Ivy League the young people whom our Wall Street division once subjugated with ease are becoming troublesome. Our good friends at Goldman Sachs, to cite one example, have been forced to cancel their recruiting trips to Harvard and Brown. At Princeton, 30 students masquerading as job applicants entered a pair of Wall Street informational sessions, asked many obnoxious questions (”How do I get a job lobbying the U.S. government to protect Wall Street interests?”), rose and chanted a list of charges at bankers from JPMorgan and Goldman Sachs, and, finally, posted videos of their outrageous behavior on YouTube.
Business Insider adds more details:
In this brilliant prank, around 20 students masquerading as job applicants disrupted a JP Morgan recruiting session. One student in a suit stood up and shouted “Mic Check” and the other Occupiers repeated after him. [...]
After the recitation when the Occupiers pack up to leave, the woman organizing the recruiting session hilariously pretends that nothing happened and announces that anyone with more questions about JP Morgan can stay in the room.
Here’s what the group shouted:
“Mic CheckPrinceton’s motto is:
In the nation’s service and service of all nations
JP Morgan-Chase, your actions violate our motto
Your predatory lending practices helped crash our economy
We‘ve bailed out your executives’ bonuses
You’ve evicted struggling homeowners while taking their tax money
You support mountaintop removal mining in Appalachia
which destroys our ecological future
In light of these actions,
we protest the campus culture
that whitewashes the crooked dealings of Wall Street
as a prestigious career path.
We are here today
as a voice for the 99%
shut out by a system that punishes them
just for being born without privilege.
What we need is not a university for the 1%,
but a university “In the Nation’s Service,
and in the Service of All Nations.”
And this is how it looked when it happened:
Although the incident was posted by Occupy Princeton in early December, it’s gaining traction now — evn as the Occupy movement seems to be fizzling out for the winter.
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Comments (104)
Canada_Goose
Posted on December 29, 2011 at 3:50pmLast Wednesday the DOJ announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom. Off course they never actually plead guilty to anything.
In the run-up to the global financial collapse, Citigroup’s bankers worked feverishly to create complex securities. In just one year, 2007, Citi marketed more than $20 billion worth of deals backed by home mortgages to investors around the world, most of which failed spectacularly. Subsequent lawsuits and investigations turned up evidence that the bank knew that some of the products were low quality and, in some instances, had even bet they would fail. Citibank made a lot of money from these bets because they knew where the toxic assets were, because they put them there, on purpose, in order to bet against them. CitiBank created these CDO toxic assets in a way that was designed to fail, and sold them to customers as solid investments, and then made bets that these assets were worthless. When the designed-to-fail assets failed, CitiBank made money, the customers were wiped out.
Report Post »Canada_Goose
Posted on December 29, 2011 at 3:56pmThe SEC offered to “settle” this case with CitiBank, accepting a cash fine in exchange for dropping any prosecution or even making CitiBank admit wrongdoing. But promsingly this was rejected by the judge.
Recall back in July 2010 Goldman Sachs agreed to $550 million to settle a fraud suit brought by the SEC that accused the Wall Street bank of selling a subprime-mortgage investment that was secretly designed to fail.
Report Post »momsense
Posted on December 29, 2011 at 3:39pmSomeone ought to tell these maggots that it was their Democratic Party thaat demmanded that unqualified people be given mortgages they couldn‘t pay and losng their homes when they couldn’t—Can we say Bawney Fwank?
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 3:51pmtrue and those no doc loans were a time bomb from Clintons administration. He knew he’d be out of office when the rates adjusted.
True story my friend is a real estate agent and a bank gave a loan to a guy whose application said “sandwich artist”. Yup a guy that worked at subway got a $700,000 mortgage because all he had to do was say he could afford it.
and the occuturds think that was the banks fault.
Report Post »cvs334
Posted on December 29, 2011 at 3:58pmReally … these kids are frustrated like we all should be … everything they said is right, just sounded juvenile saying it. Our 401ks are are crushed because of them … our jobs are in jeopardy because of these bankers … our houses are worth less and are difficult to sell because of the bankers … can we string the bankers up and start over … hell do that with congress at the same time!!
Report Post »Tom K
Posted on December 29, 2011 at 4:09pm@MOMSENSE: Barney and friends forced the politically correct card and mortgages were awarded to those who could NEVER pay for them. Barney and friends should already be in prison. ( Barney in a womens’ prison, of course ) The 20 Occupiers took up space that some interested students could have occupied. There should be a space on every job application that asks if the applicant was ever part of any occupy movement which would weed out many undesirables from the hiring pool. Good luck paying back your student loans. Do you want fries with that ?
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 4:15pmIf people that jumped into the housing bandwagon spent 10 minutes figuring out that a 100,000 loan at 1 percent was $1000 a year in interest and when it adjusted to say 7 percent it would be $7000 in interest they could quickly figure out their $400,000 loan was going to cost them $28,000 a year in interest and a payment of over $2,333 just to cover interest.
People were greedy and the banks were greedy. The banks should of been sold and the people should of been kicked to the curb for their stupidity in buying more than they could afford. A caveman could see he couldn’t afford it.
If any college graduate lost his house because of his stupidity in not doing the math it’s his fault, not the banks. I also blame it on the colleges for not teaching basic economics. Do I blame the banks sure I do. But they were just another piece of the puzzle.
But was the real goal to socialize the banking system, so when they devalued the dollar they could control the interest rate? Was this time bomb in no doc loans that Clinton pushed through part of his plan? Hitlary was supposed to be the next dictator… um president.
Report Post »jblovesAmerica
Posted on December 29, 2011 at 4:43pmdoes this nitwit know of FRANK RAINES-JAMIE GORELICK-CHRIS DODD-BARNEY-AND BILL CLINTON??????
Report Post »theaveng
Posted on December 29, 2011 at 5:14pm>>>”it was their Democratic Party thaat demmanded that unqualified people be given mortgages they couldn‘t pay”
And the Democrat Party that rammed through the TARP bailouts for bankers in 2008. The republicans vote against it, but the Democrat majority carried the day and the bill went through
Report Post ».
Cosmos102
Posted on December 29, 2011 at 9:36pm@CVS
Upon taking office in 2009, Barrack Obama bailed out the already failed banking institutions to the tune of 1.5 trillion. The banks were already 50 trillion in debt, so it was like putting a band aid on a corpse. It did nothing for the banking institutions. It was a payout to the CEO’s of the investment institutions. Had they been allowed to fail, we would have symbolically “strung the bankers up”. These OWS protesters know it…or at least their leaders do, but they also know that if they speak out against Obama, their movement will be toast.
Obama IS big Wall Street. He has them in his pocket. It’s all a big game of smoke and mirrors. The middle class are always the ones who end up getting screwed.
Report Post »grandmaof5
Posted on December 30, 2011 at 6:36amIt goes to show you can still be stupid and go to an Ivy League school. You make good grades coming from a broken public school (they need their bonus funding), take out a government loan to pay for college, and listen to professors (who need you sitting in their classes to pay for their retirement) blame everyone but the universities who have raised tuition to outrageous heights.
Report Post »Rowgue
Posted on December 30, 2011 at 4:10pm@CVS334
Wake up idiot. The government FORCED the banks to lend to people that would not normally qualify for loans. They claimed that the normal qualification process for loans was too stringent and was discriminatory towards lower income people. They were threatened that if they did not approve these loans the government would take action against them.
Saying this was predatory lending is so nonsensical and assinine. Predatory lending is loan sharks, payday loan stores, and credit card companies that charge astronomical interest rates because they know the vast majority of people using their services have no other option. These mortgage loans were forced by the government to be approved and forced to be offered at discounted interest rates to boot. These were some of the best loan conditions anyone borrowing money could ever ask for, they were just forced to be given to people that had no intention of ever making a single payment on them. And then to compound the disaster the government in the form of fannie and freedie bought the bulk of those unrecoverable debts rather than let all the banks go under that they had forced to take it on in the first place.
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 3:37pmNow I want to infiltrate an Occupy Camp just for the hell of it.
I want to make a sign that says. “I went to Princeton and all I got was this sign”
(No I didn’t go to princeton. But I don’t mind messing with the Occuturds) You should of seen the look on their faces when a bunch of NFL football fans went walking past their camp. They knew they were in the wrong demographic)
Report Post »bookdad
Posted on December 29, 2011 at 3:37pmI hope the JP Morgan folks there took names so that when these communists apply for work they will be black listed.
Report Post »Rotten Toe
Posted on December 29, 2011 at 4:03pmThese over-weened, children will soon be waiting tables. Let’s make certain we tip them poorly.
Report Post »jungle J
Posted on December 29, 2011 at 3:34pmwhat if the students are correct?
Report Post »brother_ed
Posted on December 29, 2011 at 4:03pmAbout what?
Our system does not force people into doing business with anyone. If you don’t like a companies practices, don’t do business with them. Convince others to do the same via intelligent dialect.
The banks don’t force people to take loans from them.
Sorry, but the students are wrong. They start from a false premise, so they end up with the wrong conclusion.
Report Post »Detroit paperboy
Posted on December 29, 2011 at 6:41pmAbout what, Obama and the Democrats bailing out the banks ??? Lets not bother them with inconveient truths…..But id be pissed too if i owed 50thousand for my worthless liberal arts degree from a worthless liberal college taught by a worthless liberal professor !!!!
Report Post »Twobyfour
Posted on December 30, 2011 at 3:21ambrother_ed: “Our system does not force people into doing business with anyone.”
Until now. But if the paulians vote in droves for Obama because they couldn’t get their RP carrot, then I have one word for you–ObamaCare. I am sure there would be many word of similar nature that would follow.
Report Post »andyrm
Posted on December 29, 2011 at 3:33pmIf I were these companies, I would just pack up and leave. The students who were there trying to get a job would surely take care of those who flushed that opportunity away!!!
Report Post »HorseCrazy
Posted on December 29, 2011 at 7:03pmsoon enough the big companies will learn that real world knowledge doesnt come from college and will start hiring and training their own… many already are. I dont accept college graduates to work for me (except my accountant and my lawyer) too much work dealing with the young who have been programmed by these schools to no longer think for themselves but spew liberal talking points and entitled attitudes.
Report Post »Gonzo
Posted on December 30, 2011 at 9:40amYou mean those poor 99%er students who’s mommy and daddy pay $100K a year for their Princeton education? Protesting yourself, educated doesn’t equal smart.
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 3:33pmI can see it now.
“I went to Princeton and all I got was a degree in Occupying T-Shirts”
Captialism… time to make some shirts
Report Post »amtsoundsmith
Posted on December 30, 2011 at 8:44pmI like it!
Report Post »ChiefGeorge
Posted on December 29, 2011 at 3:27pmThe brownshirts strike once again. Thank God for now they are harmless. Besides the JPM’s of the world were pressured into giving the loans via the Government. They told her!
Report Post »666Sucks
Posted on December 29, 2011 at 3:26pmI have a saying, ” If you lock a Mensa child in a room with comic books for 20 years, you get an intelligent idiot!” And that is what has become of our ivy league schools AKA communist puppy mills!
Report Post »jopmur
Posted on December 29, 2011 at 3:26pmLMAO @ these clueless children. I can say I‘m truly thankful that my college age kids didn’t turn out this stupid. I realize that much of this is “trickle-down” stupidity from the parents and professors………it‘s not all the chanting child’s fault. Liberalism really is a mental disorder, with a pinch of stupidity and envy thrown in.
Report Post »Br@dley
Posted on December 29, 2011 at 3:31pmj.p. morgan.
partially responsible for the federal reserve
partially resposible for hitler.
i think the OWS folks have it right on this occasion
Report Post »Twobyfour
Posted on December 30, 2011 at 12:46amBr@dley, check the current date and check the time frames of the events you describe.
It’s like saying that because I am caucasian that I am responsible for slavery, regardless that I am an immigrant that got here in 1984.
Report Post »bringiton
Posted on December 29, 2011 at 3:23pmAre they still here?
Report Post »MrSunshine
Posted on December 29, 2011 at 3:17pmThese mindless drones remind of Alice the Goon….”I love Popeye, I love Popeye, I love Popeye, I love Popeye, I love Popeye, I love Popeye, I love Popeye….wah wah wah wah, wah wah wah wah, wah wah wah wah, wah wah wah wah, wah wah wah wah”.
Aaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh SHADDUP!
Report Post »CS_GUY
Posted on December 29, 2011 at 3:16pmWow, I was not aware they allowed pea-brained hippies into Princeton!
Shutup you priviledged few who are allowed to learn in a pristine environment.
We know you didn’t dream this up, so which professor conned your feable minds into letting your prissy mouths overload your puppy-dog jaws.
The real world could care less what you prissy boys and girls think.
Report Post »Cavallo
Posted on December 29, 2011 at 3:14pmThere are definately other college institutions where you are not going to have that kind of juvenile conduct. Lucrative employers should look into recruiting at institutions that do not condone childish antics, because it will be reflected in the work ethic of even serious applicants.
Report Post »V-MAN MACE
Posted on December 29, 2011 at 3:13pmJP Morgan is a criminal.
Gold Man- Sacks is criminal too.
I‘m glad they’re heckling this Robber Baron trash.
Report Post »Twobyfour
Posted on December 30, 2011 at 3:00amRobber barons was a pejorative associated with American industrialists. You know, these people that built up USA into the superpower that it became during the 20th century.
Did you know that in 1900, Argentina was the richest country in the world? One wonders what happened… It’s rather simple… Argentina picked the route to socialism. US went the other way.
As for “criminals” JP Morgan and such, I suppose hat you can direct me to court proceedings and convictions. Thanks in advance.
Report Post »666Sucks
Posted on December 29, 2011 at 3:13pmI can’t get Beck to even look at this, so I am posting it on as many popular stories as possible” http://www.westernjournalism.com/did-holder-create-okc-bombing-to-steal-americans-liberty/?utm_source=Western+Journalism&utm_campaign=9cc20f0de6-RSS_EMAIL_CAMPAIGN&utm_medium=email
Report Post »thegreatcarnac
Posted on December 29, 2011 at 3:09pmThe ‘left’ is ridiculous but dangerous. They are mindless zombies and nothing but useful idiots for a group who will throw them away as soon as possible. Do not think for one minute that the “Occupy” movement is not a pile of trash thought up by the obama people. We will see their real communist identity this summer.
Report Post »Foxxybrown
Posted on December 29, 2011 at 3:08pmThese A– Clowns are just as stupid as their fearless leader, take the script (tele-promoter) away from fat boy and he would be speechless. Mindless Zombies…. Go grab another cheese burger dumpy…
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 3:14pmdid you say tele-prompter? oh wow they already Occupied the “white house”
Report Post »I.Gaspar
Posted on December 29, 2011 at 3:04pmObama and the unions are backing these twits…where is this all headed? Riots next spring and summer?
Report Post »What a bunch of hapless losers being used by the left. But at least in this one, they probably bathed before attending…
GhostOfJefferson
Posted on December 29, 2011 at 3:07pmI have no idea what these people, the Left, mean when they say “predatory lending practices”. Are the banks out in the wee late hours of the night, clubbing people over the head and forcing them to sign “or else”? Have I missed a lucrative business career as a serial bank clubbing agent?
Report Post »I.Gaspar
Posted on December 29, 2011 at 3:25pm@GHOSTOFJEFFERSON:
Report Post »Maybe they see us all as baby seals, just waiting to be clubbed and skinned.
If these occupy people could just look a little deeper, they’d see that the banks have been basically doing what the politicians tell them to do…and if they really wanted to make a point they should all get together at Barney Frank’s house.
progressiveslayer
Posted on December 29, 2011 at 3:35pm@ ghost Same here,I never could figure out how a bank forced someone to take out a loan.I do however know how the federal government can force a bank to make bad loans.The government issues an edict,everyone will be made equal and Mr.banker you will make a loan to this couple,what’s that you say Mr.banker they have bad credit? We told you we are all equal,now close the loan.
Report Post »lynda1276
Posted on December 29, 2011 at 3:04pmi remember being that age and thinking i knew something. These kids are soooo clueless it makes me laugh
Report Post »SoCaLCapitalist
Posted on December 29, 2011 at 3:12pmAt that age I was already managing a bank. In 5 years those fools will be occupying an unemployment line. Way to waste your time and money on a useless education.
Maybe when they wake up they can sue their lazy professors that told them protesting was a good career move.
Report Post »Twobyfour
Posted on December 30, 2011 at 3:14amI quit that mode of thinking at 18 when I went into the real world. Buy, what a surprise it was! It took me couple of years to get over the shock. Then I started really learning and continued as decades went by. I’m not done.
Report Post »bullcrapbuster
Posted on December 29, 2011 at 3:03pmLike these idiots are going to change anything for the better?
Report Post »abbygirl1994
Posted on December 29, 2011 at 3:03pmPuppets… stupid puppets.. sounds like a bunch of six years old.. blah blah blah,, Grow up!
Report Post »Twobyfour
Posted on December 30, 2011 at 3:17amThe problem is, they won’t grow up. Some of them might, but many will be stuck in the post pubertal stage of mental development…
Report Post »Actually, sometimes it looks as if they got stuck at the preschool level.
OhioRifleman
Posted on December 29, 2011 at 2:59pmObama’s Warrior-Socialists. ‘Nuff said.
Report Post »Darmok and Jalad at Tanagra
Posted on December 29, 2011 at 2:58pmHey kids, lets not discuss the issues, don’t bring intelligent dialogue to the table. Just chant stupid nonsensical slogans your puppetmasters have taught you. Whatever you do, don’t take the Red Pill. I notice the right hasn’t done this to the Democrats. They just seem to want to debate them with logic.
Report Post »Detroit paperboy
Posted on December 29, 2011 at 2:48pmPaid Democrat Rent A mobs…. Nothing more…..
Report Post »Lloyd Drako
Posted on December 29, 2011 at 2:51pmHalf of them will probably be working for Morgan in 20 years. Ah, youth!
Report Post »kaydeebeau
Posted on December 29, 2011 at 2:58pmNot sure where they expect to get a job with such fabulous resumes as a degree in underwater bubble blowing and no other work experience other than OWS involvement.. And it is even more heartening to know that the college education of today holds less credence than a high school diploma did 30 years ago. At least when you graduated from high school 30 yrs ago, you could read and write, had basic math skills that didn’t require a calculator and had most likely had a summer job or 2 to hone real life skills
Report Post »progressiveslayer
Posted on December 29, 2011 at 2:59pmThey’re always chanting like mindless drones,bunch of candyasses who have no clue about anything or how the real world operates.
Report Post »Darmok and Jalad at Tanagra
Posted on December 29, 2011 at 3:05pmTheir future job will be wearing the Panda outfit and chanting the new slogan for getting a free cell phone. Word of warning kids, it gets hot in those suits, hydrate.
Report Post »Twobyfour
Posted on December 30, 2011 at 3:30amkaydeebeau, there is a test online somewhere from 1890′s for 8th grade. It’s a miracle if someone with a college education within the last 20 years scores on it better than 75%, most people barely hit the 50% mark.
I would date myself if I told you I scored 89%.
Report Post »Twobyfour
Posted on December 30, 2011 at 3:33amLloyd Drako, a rumor has it that these people are unemployable, except in the food/service industry.
Report Post »scheduler
Posted on December 29, 2011 at 2:55pmYeah seems like it was staged.
http://politicalbowl.com – Political Videos
Report Post »kaydeebeau
Posted on December 29, 2011 at 3:00pmHow exactly does one who can afford a Princeton “education” fall into the category of “born without prvilege”?
Report Post »cloudsofwar
Posted on December 29, 2011 at 3:06pmobamas talking points. they are very good at repeating.
Report Post »positive1
Posted on December 29, 2011 at 3:15pmTo all those Occupier’s that want to make a difference in the country….Start occupying the court houses and courtrooms and getting involved in the Judicial System at the local, state and federal level. This is where you can make a difference, for you, your family, your friends, and neighbors. The jury system that protects your rights and freedoms is broken and the judges, district attorneys and lawyers are failing to protect and respect our Constitutional Rights. If you want to free up large sums of taxpayer monies this is revolution that needs to happen.
Report Post »Twobyfour
Posted on December 30, 2011 at 3:08ampositive1, afraid that what you said they would consider it incomprehensible, you may as well speak in Greekamd it would amount to the same.
Report Post »QuietBeige
Posted on December 30, 2011 at 9:18pmYou are funny! Thanks!
Report Post »