The Business Insider website has reported about a “secret audio tape” of lefty Stephen Lerner, a fomer leader of the Service Employees International Union plotting against JP Morgan Chase.
What? A socialist organizer of janitors and health aides is planning to protest JP Morgan Chase? Stop the presses! Bloggers, stop blogging about your cat and start retweeting this!
BTW, The founder of The Business Insider website, Henry Blodgett, started The Business Insider after he was convicted of securities fraud and barred from the securities industries!
So I guess he’s knows Wall Street from the inside. The inside trade that is.
Here’s the whole audio clip:
Here’s an excerpt from the video (Business Insider’s emphasis):
The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:
How do we bring down the stock market
How do we bring down their bonuses
How do we interfere with there ability to be rich
And that means we have to politically isolate them, economically isolate them  and disrupt them
That does sound pretty darn radical. But the speech was in the context of defending unions against attacks from the right:
“It’s a strike issue for us. We will strike unless you force the banks to relieve the debt of the city. I’m not going to go through all the detail except to say there’s extraordinary things we could do and if you add on top of that, if we really thought about moving to the kind of disruption in Madison, but moving that to Wall Street and moving that to other cities around the country where we basically said you stole $17 trillion, you’ve impoverished us and we’re going to make it impossible for, for you to operate.”
So? High finance has ruined the economy, and a lot of people are pissed. It’s amazing that people aren’t protesting these guys every day.
This is not some incredible exposé of “economic terrorism” caught on tape at a commie hideout as Glenn Beck has been portraying it.
What happened here was some low-level conservative operative brought a recorder into a college seminar called “Towards a Politics of Solidarity” sponsored by a group called Left Forum at Pace University in New York City and then posted it on a website.
A website controlled, by a guy who, while at Merrill Lynch, touted Internet stocks like 24/7 Media, Excite@Home, and InfoSpace while at the same time calling them “shit,” “crap,” and “junk” in internal emails.
So whose are the dangerous ones here?
Is it:
Those hippy college lefties and out-of-touch union leaders:
SEIU
Or
The guys behind the credit default swaps that helped bring down the economy?
You make the call!
