[credit provider=”via Daily Kos” url=”http://www.dailykos.com/story/2011/11/02/1032693/-LIVE:-OccupySeattle-surrounds-Jamie-Dimon,-Attempts-Citizens-Arrest!”]
Last night, Occupy movements across the country took to the streets for a General Strike.In Oakland, things got totally out of control, multiple banks and businesses were targeted, and the port of Oakland was shut down.
According to Daily Kos, starting around 6:30 p.m., 500 protesters surrounded the Sheraton hotel where he was giving a speech. Police in full riot gear had to use pepper spay to disperse the crowd after hours of demonstrators “occupying” the perimeter of the building. They said they wanted to chase Dimon out.
“Whose streets?” they chanted, “Our streets.”
On one hand, we understand the protesters’ ire with the CEO of JPM. Dimon is a well-known critic of regulation and the demonizing of bankers.
On the other hand, while the protesters were attempting to surround him in order to make what they called a “citizen’s arrest,” Dimon was inside agreeing with some parts of their movement. In his speech last night for the University of Washington’s Foster School of Business he actually said he sympathized with the protesters (via the Seattle Times):
“They’re right. In general, these big institutions of America let them down,” he said. “That’s not the same thing as to say that every bank was bad, every politician was bad. That’s where I would disagree.”
And on the topic of the widening wealth gap in America, one which some of Dimon’s peers have denied, he is with the protesters as well:
“America has become more inequitable in the last 10 or 20 years. That’s a fact,” he said. “I don’t personally think that’s a good thing. I’ve been a big supporter of progressive taxes.”
Dimon also supports policies that would allow companies that have moved their operations off-shore to bring their capital back to the United States, as well as lower capital requirements so that banks can lend more easily.
In his speech he had a message specifically for young people:
“Keep the faith. I wish we hadn’t put them in this position. Remember those fundamentals always when you wake up: You are in the best country and it will come back.”
In the end, the protesters left around 9:30 pm after they found out that Dimon had been rushed out of the hotel around 9:00 pm.
Here’s what Dimon is going to come home to: Jamie Dimon’s Bathroom: An Exclusive Tour Of What It Looks Like >>