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Photo: Why A Financial Firm Needs Cross Shredder

Photo: Why A Financial Firm Needs Cross Shredder

Some office workers tossed whole pieces of paper out of their windows during the Giants' ticker tape parade on Tuesday—and some of those papers included medical information with Social Security numbers. Other companies probably thought they were fine because they used shredded paper... but this photo shows that one firm probably needs a cross shredder, because this is clearly a stock call option. Probably with enough digging and tape, you could put together the whole document! more ›

Execs At Bailed Out Banks Convinced Government They Couldn't Survive On $500K

Execs At Bailed Out Banks Convinced Government They Couldn't Survive On $500K

A new report came out today from the Special Inspector General charged with auditing the government's TARP program for foundering financial institutions. According to the report, which you can read in full below, the "Special Master" appointed to curb executive pay at companies getting TARP money wasn't all that special after all. Although President Obama and Congress wanted pay caps of $500K for executives at seven companies that got bailed out, 49 fat cats still got paid $5 million or more between 2009 and 2011. Here's why, according to the audit: more ›

Wall Street "Frat" Just A Bunch Of Sad Old Men & Their Crème Brûlée

Wall Street "Frat" Just A Bunch Of Sad Old Men & Their Crème Brûlée

Would you believe that Wall Street's ruling class has a fraternity of its own? One that enjoys eating lavish meals at the St. Regis and regaling its members with "raucous" skits that only reinforce how hopelessly out of touch they are? Pick your jaw off the floor, brother: the Times is on it. more ›

Interactive Map: Are You A Member Of The 1%?

Interactive Map: Are You A Member Of The 1%?

If there's one thing Americans love, besides cheese-filled sausages, it's boiling down their every trait and unique essence into a monetary figure that defines who they are. To that end, the New York Times has an nifty interactive map that tells you which "percent" you are both nationally and compared to other areas of the country. We'd be King of Danville! more ›

Monday's OWS March To Honor MLK's Fight Against Economic Injustice

Monday's OWS March To Honor MLK's Fight Against Economic Injustice

Following tomorrow night's worldwide candlelight vigil for Martin Luther King Jr., a group of African American faith leaders will join Occupy Wall Street in a march at 10 a.m. Monday from the Financial District to Madison Square Garden in an effort to "reclaim the dream" and further the slain civil rights leader's fight for economic justice. more ›

Wall Street "Fat Cat" Paid $240,000 To Attend Giants Game In Style

Wall Street "Fat Cat" Paid $240,000 To Attend Giants Game In Style

Have you heard? There is a momentous contest between two sporting teams of toned millionaires tomorrow, one of which hails from the Excelsior State! And 57-year-old Peter Serafin won't miss a minute, thanks to his $240,000, 20-hour trip across the country to Lambeau Field. Serafin, who shockingly works in finance, has filled a 70-foot RV with "two beautiful waitresses, a driver and even the executive chef at Old Homestead Steakhouse" to ferry himself and five friends to Wisconsin for the game. "It's exciting," he tells the Post, "It's like a dream come true." Yes, all our dreams involve 20 hours of being trapped in a metal box on the highway with fried chicken and "10 live lobsters." more ›

Wall Street Bankers Threaten To Sue If Bonuses Aren't Big

Wall Street Bankers Threaten To Sue If Bonuses Aren't Big

According to the WSJ, Wall Street's end-of-year bonuses will shrink drastically thanks to dismal fourth-quarter figures. Around 400 partners at Goldman Sachs will see their net pay cut in half, while Morgan Stanley's bonuses may dip from 40% to 30%. Some socialist bankers (they exist) might suggest that a falling tide sinks all boats, but those idiots clearly haven't stepped aboard the Serene. Never ones to take fairness lying down, a group of executives at the brokerage firm Jefferies Group are threatening to sue or quit or both if their pay isn't up to par. more ›

Top 5 Moments Of Occupy Wall Street

Top 5 Moments Of Occupy Wall Street
      

Despite the somewhat shark-jumping designation of "The Protester" as Time Magazine's Person of the Year, it's difficult to imagine something that so thoroughly engulfed the public discourse at the end of 2011 as Occupy Wall Street. Click through to see our top five most salient moments of the movement.

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Over 40 Arrested As Protesters Attempt To Occupy Duarte Square

Over 40 Arrested As Protesters Attempt To Occupy Duarte Square
     

Well over 40 protesters were arrested yesterday after they scaled the fences into Duarte Square, the vacant lot at Canal Street and Sixth Ave owned Trinity Wall Street. The demonstrators entered the lot with the help of a ladder (that was later confiscated by NYPD) before police intervened—and members of the clergy, current or retired, were some of the first people detained. As the hundreds of demonstrators swelled against the fences, police struggled to prevent the lot from being overrun. A NYPD spokesperson could not confirm the number of arrests or the charges because they have not yet been finalized. more ›

[UPDATE] Occupy Wall Street May Occupy Trinity Church's Property Today

[UPDATE] Occupy Wall Street May Occupy Trinity Church's Property Today

[UPDATES BELOW] Exactly three months ago, a group of protesters converged on a privately-owned, public space in Lower Manhattan to protest economic injustice. At noon today, Occupy Wall Street will again attempt to retake private property, this time from a real estate giant that has been supportive of the movement since the beginning: Trinity Wall Street church. more ›

Milk Street Cafe, Which Blamed Occupy Wall Street For Bad Business, Closing Tomorrow

Milk Street Cafe, Which Blamed Occupy Wall Street For Bad Business, Closing Tomorrow

Hope you're happy, Occupy Wall Street. All your rabble rousing has driven a small business owner out of business, the business owner said. You'll recall that Marc Epstein, the owner of the kosher upscale food court that opened in June on Wall Street, laid off a quarter of his staff at the end of October, when the Occupy Wall Street occupation at nearby Zuccotti Park was at its zenith. With business down 30 percent, Epstein described himself as "collateral damage" from Occupy Wall Street, which he characterized as "not serious... If it was, they would not want small businesses going out of business." Now he's out of business. more ›

Wall Street Firm Hires Occupy Wall Street Protester, Which Makes Up For Everything

Wall Street Firm Hires Occupy Wall Street Protester, Which Makes Up For Everything

Those hippie bums looking for a handout in Zuccotti Park can pack up their drums and go home: a Wall Street brokerage firm has magnanimously started offering protesters jobs, starting with one Tracy Postert, who's traded in her protest sign for a desk job just blocks from the park. Postert had been demonstrating at Zuccotti holding signs such as “Reagan sucks," "I’ll vote after the revolution," and "Ph.D. Biomedical Scientist seeking full time employment, ask me for my resume." Guess which one got her the job at John Thomas Financial Brokerage? more ›

Secret Bailout Loans Made Banks Billions Of Dollars

Secret Bailout Loans Made Banks Billions Of Dollars

Remember when we taxpayers just had to bail out all those financial institutions because they were in terrible financial shape and "too big to fail?" If we fronted them a little money now, we were told, these normally successful banks would keep on humming. But through FOIA requests, Bloomberg News reveals that the bailout was much larger than initially believed—$7.7 trillion by September of 2009, and banks made an estimated $13 billion of the generous terms of the loans. more ›

Ex-Wall Street Scam Artist Has Online Dating Profile—In Prison

Ex-Wall Street Scam Artist Has Online Dating Profile—In Prison

Ladies: are you curious about online dating but too shy to meet anyone before 2013? Do you enjoy the idea of pinstripes as a metaphor for prison bars? Well, inmate #57431-053 AKA Ray Angeloff would love to meet you, as soon as he's paroled from his federal money laundering charges. Angeloff was sentenced in 2009 to five years in prison for posing as a legitimate Wall Street trader and swindling thousands of investors out of at least $3.5 million. While he's at a low-security wing of a Florida prison, he's looking for love online at PrisonInmates.com. more ›

Viral Or Real?: Husband Claims Wife Is Cheating, Posts Screenshots Of Her Facebook Page On Subway Walls

Viral Or Real?: Husband Claims Wife Is Cheating, Posts Screenshots Of Her Facebook Page On Subway Walls

A tipster sent us this photo today, taken this morning at the Wall Street subway station. The display you see consists of screenshots from a woman's Facebook and iPhone, and was presumably put there by a scorned husband, Philip, to publicly call out his cheating wife, Erin. We've sent someone over to get clearer photos of the collage, and for a closer look to determine if this is some sort of viral marketing campaign for a stupid dating website or phone plan or Lifetime movie or whatever. Stay tuned! And if you are real, hang in there, Philip. more ›

Tips For Talking Occupy Wall Street At The Thanksgiving Table

       

Because you'll have to talk about SOMETHING at the Thanksgiving dinner table, here are some tips for engaging the topic of Occupy Wall Street. more ›

Young, Laid Off Wall Street Suits Can't Believe Employers Are So Cruel

Young, Laid Off Wall Street Suits Can't Believe Employers Are So Cruel

Will no one think of the young bankers in these hard economic times? Between the third quarters of 2008 and 2011 the financial sector lost 110,000 employees between the ages of 20 and 34. DealBook spoke to one 28-year-old former Credit Suisse employee, who was hired and fired in a week's time. "I did everything right. I came into work every day, I put in long hours, and I still got punched in the face." more ›

Videos: Did Occupy Wall Street Protesters Harass Kids Yesterday?

Videos: Did Occupy Wall Street Protesters Harass Kids Yesterday?

As the dust settles on Occupy Wall Street's "day of action" on Thursday, allegations have emerged that some protesters harassed young kids as they walked to school with their parents near Wall Street in the morning. CBS reports that they saw one protester follow a father and his little daughter down one block, while others chanted "follow those kids!" One mother told CBS, "For them it’s horrible. They’re afraid of all the crowds. We’re not even able to get through. They’re just, he’s … very afraid now.” Watch their report below: more ›

Thursday, 11/17: Occupy Wall Street Vows To Shut Down NYSE And Occupy MTA, Brooklyn Bridge

Thursday, 11/17: Occupy Wall Street Vows To Shut Down NYSE And Occupy MTA, Brooklyn Bridge

Tomorrow is the two-month anniversary of Occupy Wall Street's presence in Lower Manhattan. Despite the loss of its permanent encampment, the movement has ambitious direct action events planned for tomorrow, including a 7:00 a.m. march to shut down the New York Stock Exchange, a 3 p.m. occupation of 16 central subway stations, and a "Festival of Lights" march at 5 p.m. beginning at Foley Square and ending on the Brooklyn Bridge. more ›

Sleepless In Zuccotti: Occupiers Confront New Park Regulations

       

Despite earlier signage indicating a 10 p.m. curfew in Zuccotti Park after yesterday's eviction and cleaning, the NYPD clarified that protesters will be allowed to stay in the park 24 hours a day. However, "lying down" remains prohibited, making it difficult for those who have made the park their home to sleep there. One man skirted the rule by sleeping in a semi-upright position. Another who identified himself as homeless curled up in the fetal position on a bench. Two NYPD officers approached him within minutes, and jabbed him in the ribs with their hands. "Sit up. You can't lie down. No sleeping." more ›

Occupy Wall Street To Attempt To Shut Down NYSE For 2-Month Anniversary

Occupy Wall Street To Attempt To Shut Down NYSE For 2-Month Anniversary

It seems like just yesterday when we reported on this "occupation" of Wall Street, whose goal was to "flood into lower Manhattan, set up tents, kitchens, peaceful barricades, and occupy Wall Street for a few months." At the time, we naïvely suggested that they had "better find a slogan, fast," but we've since learned that demands are overrated, and by the measure of that initial goal, the movement has been a success. To celebrate the two-month anniversary of the occupation, the movement is planning to shut down the New York Stock Exchange on Thursday morning and "throw a block party the 1% will never forget." more ›

Fired MF Global Employees Blame Corzine (Of Course)

Fired MF Global Employees Blame Corzine (Of Course)

Yesterday, troubled brokerage MF Global fired its 1,066 employees in the broker-dealer operations as the bankrupt firm tries to find $600 million in investor funds that have essentially disappeared. And apparently some employees found out they were canned from the media. more ›

Fancy Spa Nixes Free Breakfasts, Lawyer Sues For $730K

Fancy Spa Nixes Free Breakfasts, Lawyer Sues For $730K

Breakfast is the most important meal of the day, our mother always said, and clearly lawyer Richard Katz agrees. Katz has filed a $730,000 lawsuit against the Setai Club and Spa Wall Street because it stopped serving the "complimentary full breakfast" he was promised with his $5,000 in annual membership fees. A cold buffet is not the same as "whatever you wanted." more ›

Occupy Wall Street Plans To Stay Forever With 15 New Bike-Powered Generators

Occupy Wall Street Plans To Stay Forever With 15 New Bike-Powered Generators
   

Fifteen newly built bicycle-powered generators are helping to power the movement at Occupy Wall Street. After the FDNY and NYPD seized generators and biofuels citing a fire hazard, clever and resourceful occupiers, with the help of Pedal Power NYC and Time's Up!, have developed a green and sustainable way to solve their energy needs. Though the confiscated generators were returned to protesters last night, winter's approach ensures that those living in Zuccotti Park will need all the power they can muster. more ›

Surprise: Banks Don't Give A SH*T About SEC Regulations

Surprise: Banks Don't Give A SH*T About SEC Regulations

According to an analysis by the Times, 51 violations of the SEC's anti-fraud statutes committed over the last 15 years can be traced back to the same 19 banks. In each case, the bank usually pays a nominal fine and promises that it will never happen again, only to be caught breaking the same laws. Basically, these Wall Street banks SWEAR that they'll stop cheating, but the SEC keeps catching them taking showers at 3 a.m. and working "really late tonight." more ›

Today's 11 Mile "End To End For 99%" March Begins On 181st, Ends In Zuccotti Park

Today's 11 Mile "End To End For 99%" March Begins On 181st, Ends In Zuccotti Park

At 10:30 this morning, elected officials and neighborhood civic leaders began marching 11 miles from 181st and St. Nicholas down to Zuccotti Park, in an event dubbed "End to End for 99%" that seeks to link the communities of Northern Manhattan and the Bronx with the movement in Lower Manhattan. "Our communities have been devastated by the economic assault on middle class and poor families, even as Wall Street has enjoyed a historic financial bonanza," State Senator Adriano Espaillat said in a statement. "We're marching for jobs, we're marching for affordable housing, we're marching for the millionaire's tax," city councilmember Ydanis Rodriguez says. more ›

Video, Photos: Gotham City Police Department Is Occupying Lower Manhattan

Video, Photos: Gotham City Police Department Is Occupying Lower Manhattan
     

As we wrote about earlier today, obscure indie film The Dark Knight Rises was shooting around Wall Street all day (as it will be doing tomorrow as well). Director Christopher Nolan watched as over a thousand extras filled up lower Manhattan, performing as Gotham City cops and a group of rebels clashing on the streets of Gotham, exchanging fake gunfire in the process. Check out some videos below. more ›

Video: NYPD Horse And Civilian Dog Make Fast Friends

Video: NYPD Horse And Civilian Dog Make Fast Friends

Today is Friday, so why not enjoy this adorable video of a French bulldog in a sweater becoming fast friends with a police horse on Wall Street? As the videographer notes the scene makes "a nice contrast to the perception everyone has of the NYPD in the area due to the Occupy Wall Street camp nearby." If there is one thing that can bring people together, it is the power of the cute. Now, y'all ready to awwww? more ›

Corzine's Collapse: Ex-NJ Gov Resigns From Troubled MF Global With $12 Million Severance

Corzine's Collapse: Ex-NJ Gov Resigns From Troubled MF Global With $12 Million Severance

With his brokerage firm's troubles plastered on the front pages of the NY Times and Wall Street Journal, former NJ Governor Jon Corzine resigned from MF Global today. The company issued a statement saying that Corzine, who once headed Goldman Sachs, would not seek his $12 million severance. Which makes sense, since the firm filed for bankruptcy earlier this week and couldn't find about $700 million in funds. But was Corzine's decision hasty? Because now there are reports that the money has been found! more ›

Wall Street Restaurant Owner Lays Off Staff, May Go Bust Because Of Occupy Wall Street Barricades

Wall Street Restaurant Owner Lays Off Staff, May Go Bust Because Of Occupy Wall Street Barricades

The owner of the Milk Street Cafe, a big upscale food court that opened in June on Wall Street, has laid off a quarter of his staff, and he predicts he'll go out of business soon. Though he was doing well and on track to break even on his investment next month, the NYPD's barricades on Wall Street— put in place to keep out Occupy Wall Street protesters—have been killing him. Owner Marc Epstein tells us he's had to lay off over 20 employees, and his business is off 30% because Wall Street is a dead zone. Reached by phone today, Epstein says: more ›

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