Business

Two Business ‘Heavy Hitters’ Sympathize With Occupy: ‘We Really Did Let Down a Lot of People’

The financial news site Bloomberg aired an interview with Larry Fink and Bill Gross as part of their “Heavy Hitters series.”

For those unfamiliar with the two businessmen, here’s a quick rundown.

See What these two Business ‘Heavy Hitters’ Have to say about Occupy Wall StreetLarry Fink  is the chairman and chief executive officer of BlackRock, a international investment management mega-firm.

Incidentally, BlackRock also happens to be the single largest money-management firm in the world.

Bill Gross is an American financial manager who co-founded Pacific Investment Management (PIMCO).

He is “the nation’s most prominent bond investor,” according to the New York Times.

He also manages PIMCO’s “Total Return” fund which is the world’s largest bond fund and fifth largest mutual fund.

Needless to say, these two men are undoubtedly knowledgeable of the financial sector. But does that business knowledge necessarily translate into an understanding of cultural movements and the worries of middle-class America?

During the course of their Bloomberg interview, Occupy Wall Street became the topic of discussion. As you will see in the clip below, the two financial giants had some very, very interesting perspectives.

To put it quite simply: they support Occupy Wall St.

“To them, the protests aren’t strange — Americans have been through this before. This is just what happens in a country when people are unhappy, and they have a lot to be unhappy about,” writes Business Insider, and then gives us these highlights:

  • 0:28 — Fink: “I’m actually very happy with Occupy Wall Street because I think that actually for the first time in 3 years we may have fringe element symmetry...The Tea Party shaped the 2010 elections in a very big way and frankly I was personally surprised that we didn’t have a left wing element…I’m not saying I agree with one side or the other, I agree with a lot of fringe elements and what they’re trying to say.”
  • 1:29 — Fink: “We have to admit, as members of the financial press and the financial community…Washington…we really did let down a lot of people… To resolve this we have to admit it.”
  • 2:23 — Gross: “(I have) Sympathy for labor as opposed to capital…Wall Street as opposed to Main Street…that’s the 1% versus the 99 can basically be differentiated in that way. For a long time, for 20 or 30 years, capital has benefitted at the expense of labor…How can one not sympathize with their predicament?…To not have sympathy with Main Street as opposed to Wall Street is to have blinders.“
  • 3:43 — Gross: “The fact is that Washington is dominated by K Street and it‘s dominated by finance and contributions from large corporations which don’t have the interests of Main Street.

Watch for yourself below:

Although one feels compelled to agree that Washington has indeed failed to take responsibility for the financial crash, could it be that the pair drew an unfair connection between the more disciplined and principled Tea Party (no arrests, riots, or public defecation) and the Occupy Wall Street crowd (numerous arrests and acts of violence)?

 

Comments (35)

  • bikerdogred1
    Posted on November 24, 2011 at 12:32pm

    Two jew comies

    Report Post »  
  • don young
    Posted on November 23, 2011 at 2:01pm

    They are into finance but have know common sense let them go out and stay with the protesters i bet they wont.

    Report Post »  
  • warloch
    Posted on November 23, 2011 at 9:17am

    Just because someone is an expert at some particular thing does not make them an expert at everything nor does having a college degree indicate intelligence. These guys are using Straw man Arguments.

    Report Post » warloch  
  • BlessedONE333
    Posted on November 23, 2011 at 3:04am

    PROOF THE OCCUPY WALL STREET MOVEMENT and all the other occupy events were created, paid for, and staged by the New World Order members! And they are proud of this deception and tell you in their own words!
    http://www.youtube.com/watch?v=eMPlzmqrA5k

    unlike the tea party spontaneous grass roots events – this occupy movement is a direct result of communists taking over our government and the governments of the middle eastern world!

    MAKE THE VIDEO GO VIRAL!

    Report Post » BlessedONE333  
  • your sensei
    Posted on November 22, 2011 at 10:33pm

    This is great. And how easy it is to throw your conservatives into a tail-chasing confusapalooza. here are your corporate overlords, your financial trumpet bearers admitting their moral deficit.

    What are you to do? They don’t sound like Steve Wynn. What are you to think? Oh, oh, oh . . . Gleeeeeen? Ar en you out there glenn? Please de-confuse this for me, won’t you? Rush? Anybody? Please!

    Report Post » your sensei  
    • ConservativeDad
      Posted on November 22, 2011 at 11:42pm

      I find it interesting that Mr. Gross rails K street, but yet his firm has spent more than $300,000 this year on K street lobbyist (source: http://www.opensecrets.org/lobby/clientsum.php?id=D000023352&year=2011). What a double standard.

      Report Post »  
    • Berealalready
      Posted on November 23, 2011 at 12:22am

      why assume these guys are conservatives? Is Warren Buffet? Anyways, virtually all TEA party people think that the bailouts were wrong. That is a point of agreement ya big dummy. TEA party does not support corporate overlords, that’s just dopey. We’re just not ANTI-capitalists. Don’t try that silly “anti-crapitalist” moniker. Profit is good, and can be done in morally without screwing anyone. We also don’t trust the gooberment to fix the very problems they created.

      You spew a partisan argument that is based on a flawed premise. BTW, have you stopped beating your wife?

      Report Post »  
    • georgiavietvet
      Posted on November 23, 2011 at 12:24am

      YOUR SENSEI…………………..what a completely abject lemming you are. you will follow your god, obama, right over the cliif into the deepest depths of hell. you are another one of those who have your head so far up your own behind, that you have to open your mouth to see daylight. and that is why when you talk, all that comes out is fecal matter…………………………..

      Report Post »  
    • your sensei
      Posted on November 23, 2011 at 8:28am

      Berealsomeday . . . .Stop beating my wife? Why, yes, I have. And you‘ll be glad to know that it’s not that hard. Don‘t think you can’t do it it. I have faith in you, Mr. Already.

      Report Post » your sensei  
    • CHIEFSMOKE
      Posted on November 23, 2011 at 9:53pm

      Nobody’s sensei-

      These two uber-crony, klepto-capitalists are strikingly obvious tools of the global left. I saw it in their first statements. Read the article again! And again! And again! Then read world political history covering at least the last 101 years. Then read the article again! Until you see it! The globalist-left always work toward a conflict between labor and capital, until they can justify a cleansing or purge, if you will. You, therefore have a choice to make. Side with the global-leftists or stand up for this Country and its Constitution! Now, go and take a Time Out and do the homework, then come back here for some adult dialogue.

      Report Post »  
  • SandyfromChesterfield
    Posted on November 22, 2011 at 10:26pm

    The CEO of PIMCO is Mohamed El-Erian. Wonder why they did not mention this?

    Report Post »  
  • Southernsoul
    Posted on November 22, 2011 at 7:54pm

    Really, the agree with OWS? Which part, the Jew hating, the rapes, the drug use, the ability to print your own money? I’d say these guys have been watching too much MSNBC.

    Report Post » Southernsoul  
    • techengineer11
      Posted on November 22, 2011 at 9:23pm

      Both these men are Jewish right?

      Report Post » techengineer11  
    • UrbanCombatSurvivor
      Posted on November 22, 2011 at 10:32pm

      Pay attention to what is going on here folks. This is getting much, much closer to what some of us has seen coming.

      Glenn said it, Top down, bottom up. They are infiltrating and hijacking the system from more than one angle, pay attention, winter is coming…

      Report Post »  
    • babylonvi
      Posted on November 23, 2011 at 12:17am

      Achting!…… Achtung!….Oberfurer Techengineer11 is among us.

      Report Post » babylonvi  
  • geonj
    Posted on November 22, 2011 at 7:04pm

    money managers are not job creators. someone like the co founder of home depot has much more credibility speaking about the economy vs ows morons.

    Report Post » geonj  
  • garbagecanlogic
    Posted on November 22, 2011 at 6:48pm

    Come on, at least tell us which way these two vote, gotta be dummycrats.

    The U.S. Out Of The U.N.
    The U.N. Out Of The U.S.

    Report Post »  
    • AvengerK
      Posted on November 22, 2011 at 6:53pm

      It appears from the statements that Fink and Gross aren‘t agreeing with OWS’s demands..they‘re simply applauding what they believe is the left’s “Tea Party”. Happy to disappoint both Fink and Gross as OWS degenerates into the all too familiar lefty protests of property destruction, disruption and filth and loses more and more public sentiment on the way. By the time this reaches it’s ultimate conclusion democrats will be running from OWS like OWSers from jobs..and baths.

      Report Post »  
    • shazam3
      Posted on November 22, 2011 at 7:08pm

      Another couple of investor types that never had a job that made anything from the ground or parts. They made money off of investors that had the money to lose or the greed to gain. I laugh that they consider themselves all knowing…….

      Report Post »  
    • encinom
      Posted on November 22, 2011 at 10:05pm

      The single greatest boil down of the OWS cause “For a long time, for 20 or 30 years, capital has benefitted at the expense of labor.”

      While the Beckerheads fight on behalf of Capital, the true Americans are standing with Main Street and Labor on behalf of her citizens.

      Report Post »  
  • JQCitizen
    Posted on November 22, 2011 at 5:51pm

    Hey, Fink!!! Dingbat!!! If you REALLY KNEW anything about the two movements, (Occupy & Teaparty) you would know by the sheer numbers the following:

    Occupy is the 1%: THOSE ARE “FRINGE” NUMBERS.

    Teaparty is a signifigant grassroots movement. Compare several hundred people at a time to 1.5 Million in Washington DC, and a LANDSLIDE in 2010. THOSE ARE “MAJORITY” NUMBERS, Bud.

    Report Post »  
    • encinom
      Posted on November 22, 2011 at 10:08pm

      Teaparty is an astroturf group funded by the Koch Brothers and led by DC insiders, that has attached the under-educated, racists. It is clear from statements made by Cain, that the Tea Party celebrates its own ignorance.

      Report Post »  
  • grayling646
    Posted on November 22, 2011 at 5:29pm

    Here’s a solution: They should use some of their profits to build a factory and pay a good wage and benefits. Then go to OWS and offer them jobs. This would prove that they‘re really contrite and we’d find out if OWS really wants a job or if they just want a free lunch.

    Report Post »  
  • hypnos
    Posted on November 22, 2011 at 5:26pm

    Watch the other hand. Nobody absolves you for your new found guilt. What a bunch of cowards. Either stop being part of system or shut the hell up.

    Report Post » hypnos  
  • sillyfreshness
    Posted on November 22, 2011 at 5:21pm

    By looking at their ring of hair, beady eyes, glasses, and hooked noses, I’d bet they are Jews. Jews automatically sympathize and support with Bolshevik causes, even though those very same Jews are part of that 1% everybody hates. Their are wolves in sheep’s clothing. That‘s why I’ll support Jews once they stop being ultra leftist, Democrat Voting Bolsheviks.

    Report Post » sillyfreshness  
    • Anamah
      Posted on November 22, 2011 at 6:39pm

      You seems to have a better match with Sillyrotten. You are not fresh at all; you are a racist!
      I can accept many Jews sympathize more with the Left than with the Right, but we can easily explain why…Isn’t it? You could be amazed how many different Jewish phenotypes are …And yes, there are many Conservatives as center Right. I hope Obama wont have their vote!!! Please Jewish people think THINK!!! And remember pogroms weren’t good neither…

      Report Post »  
  • THX-1138
    Posted on November 22, 2011 at 5:01pm

    Well, they’re not idiots so they must be parroting what their masters have instructed them to. (We’re no threat to them but Obama and the other One Worlders sure as hell are.)

    Keep lying guys, see where it leads…

    Report Post » THX-1138  
    • AvengerK
      Posted on November 22, 2011 at 6:55pm

      They‘re not agreeing with OWS’s demands..they‘re applauding what they believe is a counter to the right’s “tea parties”. These are just lefty businessmen looking for a political bloc like the tea parties. As OWS drags on and more and more people dislike it OWS will become an albatross around the democrats’ necks. I‘d be curious to see if the put in money to Van Jones’ aspirations to create a political wing of OWS. That is..if OWS hasn’t become utterly toxic by that time.

      Report Post »  
    • freedomofspeech
      Posted on November 23, 2011 at 1:02am

      you have a point. Obama can and will make Wall street do his biding, main street is just considered “a speed bump”. The global community is all set to go. Both the Occupiers and the TEA party are irrelevant, just entertainment for the Soros supporters. Does anyone really believe what these two polar opposite groups represent will have any impact on the controlers of the system? Follow the money, see were it flows, looks like investment firms and those who can legally trade w/inside information and are able to pass regulations, laws and such. I read post against the TEA party, post against the occupy party, pros cons tell you all, it don’t make a lick of difference. Only God can help us now. So buy your 50lb of rice and store it and pray God will have mercy on our souls.

      Report Post »  
  • lukerw
    Posted on November 22, 2011 at 4:46pm

    Napoleon choose his Generals based upon Luck… being in the right place at the right time… and winning battles & surviving.

    It seems like these gentlemen became Executives based upon the Napoleonic Code! Idiots!

    Report Post » lukerw  
  • smithclar3nc3
    Posted on November 22, 2011 at 4:40pm

    People let themselves down, sure there might be some that got a raw deal(10%) but most made the bed they lay in. If you do nothing,you getting nothing and if you go to college to be able to get tax dollars and get a degree in sanskrit you get what you earned huge debt and a useless degree. If you quit school and deside to do drugs and party you get what you earned addiction,mental disaese,STD’s and a park bench to sleep on. People make their own destiny. Unfortunatly hind sight is 20/20 and foresight require an intellect. WHICH PUTS ALOT OF PEOPLE IN OWS

    Report Post »  
  • 762x51
    Posted on November 22, 2011 at 4:32pm

    If their conscious bothers them, let them spend their own money to clear it, not mine.

    Report Post »  
    • Bible Quotin' Science Fearin' Conservative American
      Posted on November 22, 2011 at 6:12pm

      You‘re too dumb to realize that they’re spending your money already.

      Report Post » Bible Quotin' Science Fearin' Conservative American  
    • AvengerK
      Posted on November 22, 2011 at 7:01pm

      And you‘d be even dumber to allow DAS KAPITAL QUOTIN’ and his socialist filth confiscate your money and spend it as they see fit. At least you have a choice in how and where to invest your money..not with DAS KAPITAL’S government buddies though…. they want it..they’ll take it. And put into “lucrative” ventures like..“affordable housing”…where lending standards are lowered to such ridiculous levels that you get mortgage meltdowns..but also..make sure you’re sheltering Fannie Mae from congressional scrutiny as Barney Frank (D) and Chris Dodd(D) like to do.

      Report Post »  

Sign In To Post Comments! Sign In

Sign Up For Our Newsletter!

Glenn Beck Radio

Listen to Glenn Beck 24/7 Listen Now
Restoring Love