The Millionaires' March, organized by the Working Families Party and NY Communities For Change, is in full swing as Occupy Wall Street protesters march to the homes of billionaires and millionaires "specially chosen for their willingness to hoard wealth at the expense of the 99%." Those lucky men include super-rich industrialist (and shadowy Tea Party backer) David Koch, News Corp. owner Rupert Murdoch, real estate developer Howard Milstein, hedge fund manager John Paulson, and JPMorgan CEO Jamie Dimon. The march started about an hour ago, and Gridlock Sam has been Tweeting, "Lots of tourists taking photos and adding to the crowd that's right now several hundred" and "Pds got the barricades ready to roll if necessary. Will try to keep march on sidewalks but could spill onto a lane of 5 av."
Occupy Wall Street Protest 1% New Yorkers Who Hoard Wealth
Occupy Wall Street Will Visit Upper East Side Homes Of Fat Cats Like Rupert Murdoch, David Koch
Today, Occupy Wall Street protesters will be visiting the 1% (really, the 0.001%) on the Upper East Side, by marching to the homes of billionaires and millionaires. Organized by the Working Families Party and New York Communities for Change, they will be going by the apartment buildings of Tea Party-lovin' richest man in NYC David Koch, News Corp. owner Rupert Murdoch, real estate developer (and Andrew Cuomo donor) Howard Milstein, hedge fund manager John Paulson, and JPMorgan CEO Jamie Dimon.
JPMorgan CEO: Banks Are Lending
At a Crain's New York forum this morning, JPMorgan Chase CEO Jamie Dimon told the audience that his bank had made $100 billion in loans since getting bailed out: "He immediately added, however, that banks have tightened credit because the recession has chilled demand for new loans. He also said banks are wary because of the huge losses they still face, reminding the audience that J.P. Morgan expects to lose $10 billion next year just from dud credit card loans." Dimon thinks the Fed should regulate all parts of the financial system and also defended bonuses to executives, pointing out many of his execs were given bonuses in JPMorgan stock, whose value has plummeted. Wonder what he thought of Paul Krugman's Bailouts for Bunglers column in the Times yesterday.

