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Occupy Wall Street’s Bank Account Is Swelling
ABC News ^ | October 11, 2011 | Alyssa Newcomb

Posted on 10/11/2011 7:58:31 PM PDT by 2ndDivisionVet

Money might not make the world go round for the protesters in New York City’s Zuccotti Park, but it’s certainly starting to help. The movement, which has been described as “organized anarchy” with no presiding leader, has its very own finance team to handle the influx of donations — which totaled more than $50,000 Tuesday — the group has received. The money is now being kept in a credit union account at the Amalgamated Bank.

“[It's a sign] we’re growing very fast,” said Bre Lembitz, a senior economics major at Clark University who is spending this semester working with Occupy Wall Street after her internship fell through.

Lembitz said the move to a bank has made it easier for the group to accept larger donations.

The money was previously kept in pots, which were used to collect money from passersby sympathetic to the cause.

Currently, any expenditure of $100 or more is voted on at the General Assembly, a daily meeting for everyone in the park to learn the latest Occupy Wall Street news. Anyone who shows up has a vote.

But there are plans to streamline things this week.

“We’re actually launching a website on Thursday for members of our working groups so we can better coordinate how to spend all of the money that’s coming in,” Lembitz said. That includes the media team, the medical unit, the sanitation team and even an archivist, to name a few....

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Local News; Politics
KEYWORDS: hippies; newyork; occupywallst; occupywallstbankroll; occupywallstfund; occupywallstreet; scam
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To: 2ndDivisionVet

This is to cover for the illegal money they already have from the Marxists in our government and elsewhere.


21 posted on 10/11/2011 8:42:06 PM PDT by reasonisfaith (Governor Palin: "I'm not for sale.")
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To: cripplecreek

Yes, as soon as some “profits” start rolling in, they realize, RUH ROH, “anarchy” doesn’t work. Time to organize the board room to protect ourselves from each other’s greed.


22 posted on 10/11/2011 8:42:34 PM PDT by fightinJAG (Herman Cain actually IS a rocket scientist.)
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To: MadMax, the Grinning Reaper
Bill Ayers, Obama's fav domestic terrorist, is involved - he wrote the first list of collective Occupy Wall Street demands.
23 posted on 10/11/2011 8:46:31 PM PDT by fightinJAG (Herman Cain actually IS a rocket scientist.)
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To: 2ndDivisionVet

NYC: ISLAMIC FRIDAY PRAYER AT WALL STREET!
http://loganswarning.com/2011/10/10/nyc-islamic-friday-prayer-at-wall-street/

Does anyone doubt that when these two groups get together that things are going to get ugly ?


24 posted on 10/11/2011 9:16:55 PM PDT by Lera
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To: FlingWingFlyer
Oc2
Commie Rabble
25 posted on 10/11/2011 9:31:34 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: cripplecreek

“Cracks me up the way they’re playing pretend government with a “general assembly”. Like a bunch of 10 year old girls. (You know, the bossy ones)”

So there are privileged occupiers who get to make the decisions for others. And they aren’t elected. Where have we seen this before?


26 posted on 10/11/2011 10:04:27 PM PDT by EQAndyBuzz (I am a Cainiac)
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To: KoRn

“er who’s name is on the account. They can take that money and ride off into the Sunset. Of course, why do it while there are still suckers out there flooding the money in.”

Are taxes being paid on these funds? If the organization isn’t formally set up as a nonprofit, taxes are owed.


27 posted on 10/12/2011 3:14:55 AM PDT by Soul of the South (When times are tough the tough get going.)
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To: 2ndDivisionVet

Are these protesters ‘true believers’ in their hatred of capitalism?

Here’s a simple test: Go to the top of the building on a windy day and throw out a bushel basket full of twenty dollar bills.

It will not only show if they really believe in their ‘cause’ but quickly send them scattering all over Wall Street chasing their REAL beliefs.


28 posted on 10/12/2011 5:42:16 AM PDT by RetSignman (It's Fall...the "Goebbles Warmers" are packing their bags , migrating for their winter caves.)
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To: 2ndDivisionVet
I guess we know where some of that ‘green jobs’ loan money that Solyndra didn't get, is going.
29 posted on 10/12/2011 5:45:30 AM PDT by liberalh8ter
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