Mayor Bloomberg On Wall Street Protests: We Need ‘To Help The Banks’

  surrealist poetry wethinks?

Just another one of the middle-class haters at work.UH. NYC Mayor Michael Bloomberg discussing the Wall Street protests: “The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line.” Hm! We could try to unpack that and “solve” the riddle of this bizarre statement, which is the utter opposite of what is the actual case, but let’s dive right into the subtext and assume the swelling heathen ranks of protesters are starting to itch like wet beach sand in Bloomberg’s nervous trousers. Or, Michele Bachmann took over his brain.

Let’s see the full Village Voice blog post for some clues:

​New Yorkers need “to help the banks” was Mayor Michael Bloomberg’s message to the Occupy Wall Street crowd in his weekly radio appearance on the John Gambling show.

“The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line,” Bloomberg said, presumably meaning service workers on Wall Street, adding that “we all” share blame for taking on too much risk, not just the financial industry.

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“And people in this day and age need support for their employers. If the banks don’t go out and make loans we will not come out of our economic problems, we will not have jobs so anything we can do that’s responsible to help the banks do that is what we need.”

Hm. Nope. Every single sentence quoted from this radio interview is about as factual as “Jesus rode whales around Neptune with Axl Rose for six thousand years, which led to the invention of the tambourine and the horse.” That was our free-association response to “Americans caused the banks to collapse and protesters hate service workers and middle class wage-earners.” Make your own! [The Village Voice/Photo courtesy of Wonkette super-operative "kenlayisalive"]

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158 comments

  1. Barb

    Should we just deposit our money and let them keep it? That will buy some nice platinum parachutes to replace those faulty golden ones.

    1. Chichikovovich

      Or that they can only afford to donate $40,000-50,000 a month to Republican politicians and PACs, unlike the real heavy hitters.

    1. SayItWithWookies

      One Democrat, one Republican and now one independent — so far. You'd think one of them would know basic math.

  2. MrFizzy

    Rich conservatives have evidently given up even the pretense of making sense. Sadly, they don't have to, because the herd of sheep that passes for the U.S. population doesn't know the difference. And I am sorry if I have offended any Woolican Americans with my comments.

  3. Allmighty_Manos

    "NYC Mayor Michael Bloomberg discussing the Wall Street protests: “The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line.”

    Bloomburg clearly had a senior moment and confused the Wall Street protestors with Chris Christie, Scott Walker and the Tea Party. Teachers make 40-50,000 a year, not Wall Street bankers.

    1. PalinzADummy

      Does this stupid fuck even know that Parade magazine, that oh-so-useful birdcage-liner, publishes a yearly record of how much these rich arseholes make? Maybe he's just too old to be in politics anymore.

  4. Goonemeritus

    To say the face of Citibank is the teller or the nice lady in the mail room. Is like defending the Third Reich because the lady brining tea and strudel to Hitler was really sweet.

  5. lefty74

    When the top 400 in the good old USA control more wealth than 120,000,000 Americans, why would there be division and dissent?

  6. Callyson

    Bloomberg said…that "we all" share blame for taking on too much risk, not just the financial industry.
    Really? I was in on the securitization of mortgages and the deceptive marketing of said securities as safe investments? I was a part of the push for deregulation of Wall Street that led to the reckless risk taking behind the economic implosion? OK, in that case–where is my cut of the bailout? I was in on it!

    1. freakishlywrong

      We "all share blame", but the banksters got the windfall. Y'know, how everything else works in this stupid cuntry.

      1. tessiee

        "We "all share blame", but the banksters got the windfall"

        And then we get the bill, so there's yer sharing right there.

  7. BaldarTFlagass

    I thought if you lived in NYC and made only $40-50K, you had to live in a box or on a ventilation grating.

    1. BerkeleyBear

      Those people don't live in NYC – at least not Manhattan. They nest in more exotic locales like Newark, Queens, and Brooklyn and take various modes of public transportation to work.

      That said, Bloomberg is knowingly full of shit when he claims the protests have anything to do with the administrative assistants, temps, and clerical staff who make that sort of money.

      1. OneYieldRegular

        But you can see that they're struggling just by the looks on their faces as they idly stand around on the balconies of their workplaces swilling champagne.

  8. Mumbletypeg

    My free association skills are currently challenged by the image of that rather clean-shaven looking fellow w/ his shirt tucked in, bearing a statement he is employed yet feels enough urgency to get involved. HOW DO YOU LIKE YOUR UNEMPLOYABLE PATCHOULI-BREATHIN' HIPPIE SCUM NOW, kleptocrats?

  9. Oblios_Cap

    Stop yer bellyaching and just pay the $5 a month for paying with a debit card and all of the other associated fun things that banks charge you for to allow you to use your own money.

    1. littlebigdaddy

      And this is happening just as Americans are trying to be more frugal and wean themselves off credit cards. The banks are getting desperate, realizing that without the irresponsible spending orgies of the last several decades they may have to cut the bonuses (as a last resort).

  10. SorosBot

    Don't blame the people who were directly responsible for the housing crisis, it's everybody's fault, society is to blame, not the banks! Funny that the wingnuts, in defending the financial industry scum, sound like their own parody of liberals who they accuse of coddling criminals.

    1. BlueStateLibel

      I'm sure a lot of those bankers did have horrible childhoods. It couldn't have been easy for them, being so butt ugly and ostrasized by their peers for being such anti-social weirdos and freaks even then.

    2. tessiee

      "Don't blame the people who were directly responsible for the housing crisis, it's everybody's fault, society is to blame, not the banks!"

      You gotta love that whole "personal responsibility" thang.

  11. edgydrifter

    This "the banks need all the money or the economy will implode" meme makes me want to vomit ebola-tainted blood in the faces of every smirking plutocrat on the planet and all their complicit government panderbears. Even if I had ebola, though, I don't think I have enough blood for the job. Fuck.

  12. BaldarTFlagass

    “The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet."

    I really don't think that's what the protesters are protesting. In fact, I'd be willing to bet that it's probably the senior executives that are making $40-50,000 a day that have the protester's dander up.

    1. HistoriCat

      It was a simple misstatement and it could have happened to anyone.

      He meant a month – $40-50,000 a month.

    1. Polythene_Pam

      We had a 'windfall' at in our old 401k fund at work & they decided to do a partial match a couple weeks ago. My share was $222.47. When I went to look at it today, to decide what to do with it (since it has to leave the old, defunct 401k before 11/25), that $222.47 was worth $216.26.

      Bastards.

      I'd better move it out of there quick or I'll be owing them money soon

  13. LouBristol

    Memo to Bloomberg: The banks are NOT going out and making loans, they're buying treasury bonds with whatever bailout money's left after the bonuses have been paid out.

  14. orygoon

    I fucking hate banks so fucking much. I used to get money on savings, you know, like in a money market account. They paid me to have my money. Now they toss pennies at my savings, which I am reluctant to shift into the market. So I loaned The Heir a tidy sum, interest-free, to pay off his student loans (6+ percent interest, I think they were). And when The Spare gets a job, if ever, poor kid, I will try to do likewise.

    I want the fuckity-fucking banks to starve, and come back to us on THEIR knees, begging.

    And I will laugh, and kick them.

    1. Ken Layne

      Yeah, for a supposedly "smart guy," you have to wonder what made fucking Bloomberg decide this was the week to finally take a stand for … banks.

      /Fear. He is afraid. Not just of his constituency, the Wall Street banks, but of having his fiefdom of Manhattan overrun by National Guard because Bloomberg failed to "contain" the protest.

    2. orygoon

      NotSoMuch: yes, and yes, fuck yeah.
      Ken: The problem with being middle-aged is that I don't expect to dance on the comeuppance of all of the deserving bastards. But I'm looking forward to every single opportunity that comes, and will bequeath what's left of the list to my kids.

    1. swordfis

      If you are going to post Antisemitic remarks, you should at least get your facts straight. Yesterday (and today) are Rosh Hashana, the Jewish new year. We fast in a few days on Yom Kippur. Fact checking and bigotry don't mix, apparently.

  15. Callyson

    "when the Vietnam vets came back we didn't treat them the way they deserve to be treated."
    Yeah, Bloomberg, about those vets…they are approaching retirement age now, aren't they? Why don't you ask them how they feel about the way their pensions were treated by Wall Street?
    Dickhead.

    1. GOPCrusher

      And ask them how they feel about fucking Tea Baggers screaming at them, that they are the reason the government is running in the red.

  16. freakishlywrong

    "SomethingSomething eat cake". And the fucking rich. Except for Bloomie. He'd be gamy and stringy.

  17. Lionel[redacted]Esq

    “The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line,”

    So, I assume that Bloomberg will be calling on the executives to renounce their bonuses and any salary above $500,000 so that the extra money can be provided to those employees who are struggling to make ends meet?

    1. DetectiveGrey

      Totally. And then Elton John will be appointed leader of the Tea Party Express immediately following SarahPAC's sudden donation of all accumulated funds to the WWF.

      1. BaldarTFlagass

        I think we went through this the last time I mentioned Mojo's "bank statement" here. You're becoming like JD Salinger or Joseph Heller on that one, Ken!!!

        1. Ken Layne

          Haha. The *truth*, as Mojo and I talked about the last time I did his ranting & raving politics show on Sirius, is that Mojo was *my* guitar player for a brief period in about 1983 or '84. And we did play a lot of double and triple bills over the years, mostly with the Beat Farmers. And Reagan was president, as the Koch Bros. dream of a destroyed middle class and destroyed America began becoming reality. I don't know what it has to do with Heller and Salinger, but that's what I did instead of college and I'm still glad about it.

  18. OneYieldRegular

    Don't look at me. I'm doing my part to help the poor banks by paying them $3.00 every time I get out a $20 from another bank's ATM, and I look forward to helping out by paying $5.00 a month just for their letting have a debit card, and I know I help them by paying for the privilege of having checks, or for the inconvenience to them if my account balance happens to drop below a certain threshold, or if I actually need to talk to a human teller, and, well, by paying those finance charges on my 19% annual interest credit card. That helps too. But really, it's not enough. I could do more. We all could do more. You know what, banks? Just keep all the money I have in my accounts. Really. You deserve it. For being so damn GOOD.

      1. OneYieldRegular

        To tell the truth, my rant was retrospective. I moved nearly all my meager assets into my credit union last year; it's an amazing difference.

  19. mavenmaven

    "Jesus rode whales around Neptune with Axl Rose for six thousand years, which led to the invention of the tambourine and the horse."

    You just won the Wonkette Poetry Slam!!!

  20. Mumbletypeg

    I can't think of any more surrealist non-poetry than this — which as a non-New Yorker took me by surprise — "Zuccotti Park" had its original name, "Liberty Plaza Park," put to rest in favor of this Z-guy's name, who oversaw Brookfield Properties' rebuilding of the park around 2006.

    How much closer to usurping our prized values and freedoms, metaphorically, can it get than that?

  21. CapnFatback

    Bloomberg was clearly talking about poor Carlton Banks, whose prospects took a nosedive in the Aughts after his street-smart cousin Will went to Hollywood to become a huge movie star/Scientologist.

  22. SayItWithWookies

    …adding that “we all” share blame for taking on too much risk, not just the financial industry.

    Um — wrong, motherfucker. I bought a house when it was cheap, still own it, haven't gone into massive debt, paid cash for the car I'm driving, cook my own damn dinner most of the time, don't have a playroom full of expensive toys I bought on credit, and still plug away at my lower-than-average paying job for the damn health benefits.

    And every damn time Congress let the banks and trading houses write their own rules so they can hide their losses, not keep enough cash on hand to cover their risky bets, squeeze people who declare bankruptcy, and sell unsecured crap to consumers so they can collect the commission before it blows up I've thought it was a shitty way to run an economy.

    So gimme a call, asshole — I'll give you some good sound advice on what to do with the goddamn banks. It involves very hot oil and a gently-spiced breading.

    1. fuflans

      yeah this is what i was going to say:

      i have a small fixed mortgage which i have always paid on time. i own my car outright, i carry no credit card debt and i have never taken out any kind of credit line. i have a triple AAA credit rating.

      and – motherfucker – i got downsized and still can't find a job.

      1. SayItWithWookies

        And I wonder if I got laid off how long it would be before I was completely screwed — too bad my recklessly profligate employer wouldn't give me a $17.5 million golden parachute after eleven months of work like that jackass at HP.

  23. Sue4466

    My father-in-law is in his 70s. He saved for his retirement. He invested it in a 401k. He did was he was supposed to do. He'd planned to have enough to live on until he was in his 90s. His 76th birthday was last week. He told us his 401k had run dry. All he has now is SS. Thankfully his house is paid for.

    To say "we all" share the blame for the financial disaster that wiped out his retirement is utter bullshit.

  24. proudgrampa

    You have got to be fucking kidding me. I kinda like Bloomberg most of the time, but the shit that comes out of his mouth sometimes amazes.

  25. widestanceshakedown

    This would be so much easier to take if Bloomberg broke out in song with that Mary Poppins' "tuppence, tuppence/feed the banks" number.

  26. widestanceshakedown

    Hey, banks, meet my little friend, "Mr. Bootstraps." He's all the help any real American needs, right?

  27. DetectiveGrey

    Okay, okay, okay. Let me try:

    It's like saying US Economic Policy is dictated solely by the ratings of Dancing With The Stars integrated over the scores of US Congress members at a game of darts using Dogs Playing Poker as the board, which leads to Deep Dish 9-9-9 Plans cut in the pattern of the landed darts for everyone. And THAT'S why the service workers of Wall Street are the enemy.

    Or like if all of the ponies in the world suddenly cast off their shoes, demanding Armani for the rest of forever.

  28. friendlyskies

    Wow, that's really the best Bloomberg can do? This protest really must have caught our corporate overlords and their craven minions off guard. Sweet.

  29. Come here a minute

    How about "Weird fishes sang the national anthem and reckoned that would make the alien less homesick, under the ground."

    1. poncho_pilot

      "Dear, Hustler. Do you know the scene in Total Recall where the black guy says, 'I wish i had three hands?' well–and keep this under your hat–i work at DARPA and…"

  30. donner_froh

    "If the banks don’t go out and make loans we will not come out of our economic problems, we will not have jobs so anything we can do that’s responsible to help the banks do that is what we need.”

    Dear Mayor Bloomberg:

    The banks aren't making loans you stupid asshole. They have such insane standards for loans that no one qualifies for them other than billionaires like you.

    Eat shit, mister apologist for the bourgeoisie.

    Signed,

    Your biggest fan

    1. tessiee

      "If the banks don’t go out and make loans we will not come out of our economic problems, we will not have jobs so anything we can do that’s responsible to help the banks do that is what we need.”

      ???
      I thought that was what the bailout was supposed to be for.

  31. LiveToServeYa

    We need banks run by hippies, obviously. So, what do you call a hippie banker? A bippie? Well, you bet your sweet one, yes.

  32. DetectiveGrey

    This reminds me of the thinly-veiled scam that my university tried to impart upon us when it came to receiving grants for expenses; any leftover money for books or supplies was funneled into a bank account automatically given to all students. You could either get your money right away for your supplies from the bank account, or file three separate forms to get a check in the mail several weeks after the semester began, provided the forms were processed on time (they weren't). Then, after a customary 1% of your loans were given to the bank, you were subject to these:
    https://www.higheroneaccount.com/info/outfees.jsp

    Note the '50 cents per debit transaction' and '$2.50 for any non-HigherOne ATM' fees. Many on-campus stores automatically swiped your card (that you received in the mail without your consent and before the account was even filled) as debit, and the fee was very masked among paperwork and advertising. The first year they tried this, the closest HigherOne ATM was over state lines. Fortunately, we eventually got them.

    Two years after I'd graduated.

  33. user-of-owls

    anything we can do that’s responsible to help the banks do that is what we need.

    I bet you didn't know that this was Mao Tse-Tung's motto during the Great Leap Forward.

  34. BTWBFDIMHO

    Bank of America rejected 2 short-sale offers for my house and I have to surrender the property now. So Bloomberg wants me to help the banks? Mmmm, maybe not.

  35. Eve8Apples

    "we all share blame for taking on too much risk, not just the financial industry"

    Not so fast Mikey. I live very simply. I am not underwater on a mortgage. I pay my bills every month. I have earned the right to demand the head of every Wall Street banker who brought our economy to the brink of collapse and then had the audacity to expect me and every other frugal American to bail out their worthless asses. By lobbying against regulatory reform to prevent a similiar disaster in the future, they offend every decent, hard working, honest American who saved their fucking paper pushing jobs. I'm not interested in protest. I want heads to roll.

  36. thefrontpage

    We here in the real world usually agree with Mike Bloomberg–but what on earth was he talking about here? He's 100 percent completely, absolutely wrong, of course. What a weird statement! Doesn't the mayor of New York City have, say, advisers getting paid far more than $50,000 a year to advise him on: 1) current events; 2) news events; 3) financial news; 4) banking news; 5) protests that are occurring in his city, and what the protestors are actually saying; 6) public safety issues; 7) public safety issues occurring in his city; 7) public relations; 8) community relations; 9) protests in New York City in general; and 10) communications? I mean, what the hell is Bloomberg paying all of these high-paid staffers for, if no one can adequately and accurately advise him about protests occurring in the middle of New York City that are attracting literal national and international attention?!!!! Bloomber and your staff: What the hell are you guys doing every day? No mayor of New York City should be saying something this stupid with the staff that he has, and with something called journalism existing in the city, too. Gawd, people–wake up!

  37. ttommyunger

    I don't get it. He doesn't need money, why is he such a little prick? These assholes are a puzzlement.

  38. Negropolis

    I know Mikey wouldn't know this, but, no, the banks aren't making loans. They are hoarding it Scrooge McDuck style in the market, knowing that we're just in the eye of the hurricane at the moment that that the outer wall will be hitting us soon.

    My, my, the little dictator is getting awfully nervous….

  39. axmxz

    Yes, we were all in on it – except for the profits and the bail-out part. Socialized risks + privatized profits = you know better than to talk out your ass, Mikey.

  40. GOPCrusher

    And now Bank Of America wants to charge people 5 bucks a month to people that use a debit card. Jesus Fucking Christ.

  41. Sue4466

    Remember the GOP's obsession with the domino theory? communism would just take out country after country. Instead. Rampant capitalism. Whoulda seen that coming?

  42. One_who_wanders

    Yeah, I am thinking it is time to go all Jimmy Stewart and use a Credit Union. Right after I cancel my NetFlix account.Grumble, grumble, corporations these days. . . .

Comments are closed.