Wall Street Fights Back

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A group of pinstriped traders, upset with the bank-bashing rhetoric emanating from Washington, launched a Wall Street defense campaign the same morning that Treasury Secretary Tim Geithner was being grilled by Congress. According to Crain’s business magazine, the traders vowed to fight against further bank regulation and defend their right to “create wealth for the people.” The group rallied about 150 folks across from the New York Stock Exchange. According to the New York Times: “The fact that virtually all of the virtually all-male attendees wore suits and ties did make the gathering perhaps the best-dressed rally in history.” The feisty defenders of the Wall Street status quo kicked off their protest not on the street, but in the comfortable offices of John Thomas Financial, a three-year-old investment house. As CEO Thomas Belesis explained: “It’s cold out.” The event appeared to be a thinly-veiled campaign rally for Bruce A. Blakeman, a Long Island Republican lawyer running for the United States Senate who contributed: “My friends, we can’t kill the goose that laid the golden egg.” To follow the antics of these reverse Robin Hoods visit Restore Wall Street.