NEW YORK (CBSNewYork) — People from all over the country gathered in Lower Manhattan Saturday to voice their frustration with both the economy and Wall Street.

Thousands marched, chanted and some even did yoga, all to get their message across.

“The banks got bailed out. The people have yet to be bailed out,” protester Elias Holtz told CBS 2’s Ann Mercogliano.

LISTEN: 1010 WINS’ Terry Sheridan reports 

Holtz is a struggling freelancer who moved to New York three years ago with big dreams. Like many others, he says he’s struggling to pay his college loans.

“This is just an expression of frustration with the lack of solutions by our government to address the economic crisis,” he said.

Police surround the Wall Street bull (credit: CBS 2)

The protest’s centerpiece was the iconic Wall Street brass bull, which was surrounded by barriers and police officers.

“The financial sector has too overwhelming a presence in our governmental system,” one protester told 1010 WINS’ Terry Sheridan.

Many of the protesters looked like they were going camping instead of protesting, with backpacks, sleeping bags and tents, and handing out SpaghettiOs and peanut butter.

Word of the “Occupy Wall Street” protest spread over the Internet, and organizers hoped for a crowd that in the tens of thousands would have an overnight stay.

They marched from Bowling Green down Broadway with no shortage of police keeping a watchful eye. At one point, CBS 2 we caught a glimpse of Police Commissioner Ray Kelly driving through the controlled chaos.

Police said there were no arrests during the day, and that while no permits were sought, plans for the protest had been made public.

Police called it an orderly day.

“I’d like to stay till Tuesday or Wednesday. I have to go back to Ohio for a little bit of work, but I’m praying that the movement’s so strong that I’ll come back next week. I want this to be a month-long thing if possible,” one protester said.

What do you think of the protest? Sound off in our comments section below…

“I’d like to stay till Tuesday or Wednesday. I have to go back to Ohio for a little bit of work, but I’m praying that the movement’s so strong that I’ll come back next week. I want this to be a month-long thing if possible,” one protester said.

Comments (96)
  1. Gene Bresler says:

    I guess when people are hurting, it is hard to distract them with sports, TV and Entertainment.

  2. Rich Zubaty says:

    This is the best thing that’s happened since the 1970s. Value it and nurture it, so that it grows. The financial services industry is controlling our government and stripping the wealth of this country and someone has to take a stand to stop it. What WAS that bank bailout about?

    1. Jeffrey Goldstein says:

      The Bailout was so the rich could get richer and steal it all from taxpayers. Geithner was a crook when he headed the N.Y. Fed. I totally agree with your feelings about this wonderful movement.

  3. Front says:

    It’s interesting to see in these comments that those who support the protests are, for the most part, making rational, informed arguments and those who do not are spouting misinformed (sometimes vitriolic) nonsense. One of the most daunting problems in America is that there is such profound misinformation and lack of basic knowledge among the public.

  4. Front says:

    It’s interesting to see in these comments that those who support the protests are, for the most part, making rational, informed arguments and those who do not are spouting misinformed (sometimes vitriolic) nonsense. One of the most daunting problems in America is that there is such profound misinformation and lack of basic knowledge among the public.

    (And why is that despicable comment against Muslims still here?)

  5. jj says:

    Looks like Obama is losing another faction of his support.

    1. Kevin Schmidt says:

      Looks like the GOP and the DINOs are losing another faction of their support.

  6. rsak says:

    What about the corruption of the unions? GE? All the corrupt companies that took millions of gov’t bailout money then went bankrupt? Will the protesters have the b@*ls to fight ALL the corruption or just be stupid enough to fight Obamas political agenda so he can get re-elected?

  7. ann23 says:

    I am very suspicious of these protests. They clearly are manipulated (by La Rouche? someone similar).
    The entire focus on Wall Street is a distraction. This is not the left protest, more like proto-fascist.

    1. Kevin Schmidt says:

      You better look up the definition of the word “clearly”. For you to even bring up LaRouche’s name proves your thinking is muddled at best!

      The big banksters and the Wall Street fraudsters stole trillions of dollars from the entire world, and then threw the entire world into the Great Recession. Worst of all, they are paying them selves billions of dollars in bonuses. This is “clearly” an anti-fascist protest.

      1. Jim says:

        And you should look up the definition of the word “fascist”. Sigh, the blind arguing with the blind.

  8. Jeff says:

    Wonderful. So glad people are begining to realize their (peaceful, nonviolent) power. Next stop, Washington DC:

    1. Bruce Goldensteinberg says:

      Jeff, you and your ilk should be arrested for seeking to overthrow this nation. It’s a shame the police must cower in fear of you and the rabble instead of arresting all of you.

      1. Felix says:

        Have you ever read the Declaration of Independence? Some people think it’s kind of a big deal. Here, I’ll copy and paste the relevant section for you. The bit in the stars is the part I’d like you to pay attention to:

        We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — ***That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.***

  9. pugphan says:

    Wow what a great idea a protest on Wall Street…on Saturday when all the big shot are there, uh? I see a lot of socialist, commie and marxy peeps here. Oh wait they were expected.

    1. Felix says:

      Why is it that simply believing in socialist, communism, or the beliefs of Karl Marx is seen as so crazy by some people it’s actually an insult of its own? Do you actually know the fundamental teachings of these political philosophies, or are you just repeating whatever Glenn Beck tells you?

  10. Rubysnan says:

    This whole back and forth makes me sad. It shows why “compromise” is an irrelevant term these days.. While there are a few serious commentators who make sincere and useful suggestions, the rest are egotists like JC, who attacks anything that doesn’t fit into his agenda, and people who attack him (I agree he asks for it, but responding to him negatively adds nothing useful and positive to the conversation.)

  11. Vic Anderson says:

    (Occupy Wall $treet) OW$! Until they HELP!! Thank y’all for Also Manning The BARA¢KADE$!!!

  12. JW says:

    I have an idea – let me go protest the same financial system that I support by buying an iPhone. You want to protest? Stay home and stop buying stuff. Stop buying new TVs, new cars, new refridgerators, basically anything you can’t absolutley live without. The only reason this financial sytem exists is because people are too stupid not to buy into it.
    Forget about outlawing lobbying. Outlaw advertising.
    We need is a barter economy, and for people to stop being so materialistic.
    Oh, wait, I forgot, I should just blame somebody else for the problems that we have. That’s so much easier and it makes me feel like a better person. Yes, it’s “Wall Street’s” fault! Eureeka! I’ve solved the problem by reducing it to a two-word catchphrase that sybolizes all evil.
    I hate to break it to you, but you only think you are better than the corrupt politicians, and the greedy rich.

    How to solve all the world’s problems in short – Stop singing “We Are The World”, and start singing “Man In The Mirror”

    1. JW says:

      I’m sorry if that last statement needed explanation.
      “We Are The World” gives you a warm fuzzy feeling and makes you think you are a good person.
      “Man In The Mirror” has to do with reality.

    2. Ruthie Benjamin says:

      I agree, JW

    3. Patrucua says:

      I agree with JW. that We should Protest with our wallets -but- I will add: Wall Street/Corporate Money does have far too much influence in Government.

      1. Marty says:


        I agree; but, I would take your thought a step further: Wall Street/Corporations own/run this country. We The People are no longer represented by our representatives….Oh, wait. Corporations are People. Well…like…you know…my bad.

    4. Paul Harvey says:

      The minute someone chimes in with ‘we need a barter economy’ is the moment you know they are a complete and utter moron.

    5. Felix says:

      The issue at hand is not all of capitalism. It is fine to own a company, to sell a product. It is fine to buy products from large companies. What is NOT okay is for the top one percent of Americans to get special treatment from the government in hopes that they’ll create jobs that never seem to materialize. Bank of America got a huge bailout from the taxpayers a few years ago, and last week they laid off 40,000 American taxpayers. GREED is the problem — not iPhones.

      1. Sir Joe says:

        How do you pay for a $25 million bonus?

        By outsourcing 10,000 minimum wage jobs to India. Then the executive can go out and purchase a $20 million apartment or mansion, and the terminated workers will be lucky to be able to afford a loaf of bread. Welcome to the new America. With a government “Of the superrich, by the superrich, and for the superrich.”

    6. Kevin Schmidt says:

      If that is your idea of an idea, then you are out of ideas. The fraudsters on Wall Street committed the largest ongoing case of fraud in history. Yet, you chose to blame the victim, and worse yet, claim the victim is just as criminal as the Wall Street criminals. Pathetic!

    7. sh says:

      I am “staying home” and not buying anything, because I can’t afford most things other than rent (live w/ a roomie to save), utilities (65 is toasty!), ramen noodles and my student loan payments. I worked 2 jobs, 7 days a week, to make ends meet for 2 years, finally getting excited to find one job to work as many hours in only 5 days a week, to still just make ends meet. I have no iPhone (or iPod), my car is 7 years old (and I rarely drive it b/c the cost of gas), all of my furniture and most of my clothes are second hand. Where else do I cut my budget to stick it to the man?

  13. JW says:

    why can’t I see my comments?

    1. Kevin Schmidt says:

      I can see them. Don’t worry, you’re not missing anything.

  14. Jeff says:

    My best wishes to the corageous protesters in fighting for justice for the rest of us.Stay safe and please new york city Let them protest in peace. They are not hurting anyone. This is the anniversery of the signing of our constitution.

    1. Bruce Goldensteinberg says:

      You support the rabble in the streets? Those are the people who want nothing more than Marxism-Leninism.

      1. Vic Anderson says:

        How ’bout meritocracy, instead?

      2. Paul Harvey says:

        Another winner. These boards seem to attract utter morons. It’s a real problem to address economic problems when the noise ratio from halfwits cranks up who don’t have the intellectual capacity to understand you can tweak an economic system without it becoming Marxism/Leninism. What an idiot.

      3. Marty says:

        Yo! Goldensteinberg,

        Horse fodder. Ending the wars is a Marxist concept? Corporations paying a fair share of federal taxes is a Marxist concept?

        In my opinion, Goldsensteinberg:

        1. Your understanding of Marxism is problematic…at best.

        2. You don’t know the difference between marxism and socialism.

        3. You don’t know the difference between Marxism and Leninism.

        4. If given multiple choices, you couldn’t IDENTIFY ANY major political/economic theory.

  15. Me says:

    It sounds like this group has some good ideas. I say outlaw lobbying, end the trade deficit, bring US jobs lost to China etc. back (this is why alternative energy companies are failing – they can’t compete with Chinese manufacturers using slave labor). Have everything we buy cheaply made in China and sooner or later no one in the USA can afford even those low priced products due to lost jobs and wages. Reading labels doesn’t work because nothing is made in the USA anymore and even if it is the parts were made overseas. Where can I buy a computer, camcorder, etc. made in USA? Stop putting the cart before the horse – end the China trade deficit and bring back jobs from China THEN create new manufacturing jobs here. You can’t replace most of lost jobs in textiles etc. with solar jobs. And why did the USA borrow money from China? Ridiculous! Also end the extreme profits on oil, lower/cap the price of gas and stop wasting money on wars! Oil, war, and pharma cost too much/we can’t afford!

    1. Paul Harvey says:

      No one ever addresses the elephant in the room, and every politician is scared to death of it. Military spending. We spend more than the rest of the world combined on military spending. 60 cents of your tax dollars goes towards it. Why are our infrastructure and educational systems failing? Because we’re supporting a network of 500+ bases worldwide for no real reason. Bring ALL of the servicemen/women home. Stop subsidizing them to live overseas. Put much of the military to work on domestic infrastructure projects instead of buying yet another nuclear sub. Servicemen/women living here, working on projects here, instead of giving money away overseas.

  16. JC says:

    Right on, Bubba well said.

  17. GLORIA says:



    1. Felix says:



  18. GLORIA says:



  19. GLORIA says:




    1. JC says:

      So your saying that you didn’t understand what the word “Risk” meant? Why didn’t you keep your 401K in cash? Too busy watching TV to read the fine print? If you can make money without doing any real labor, don’t you think that you can lose money? Don’t you know what a “caps lock” key is? The heard is calling, idiot…

      1. Nawahine says:

        rude arrogant, typical snoot… hmm… you sound like a troll

      2. Felix says:

        Haha… thanks, JC, for making me laugh. You call someone out for using all-caps (something that annoys me too) and then you say “your” instead of “you’re” and “heard” instead of “herd.”

        I suggest learning basic English yourself before calling someone else an idiot.

    2. Tex says:

      Not a returning champion on Jeopardy,are you Gloria..Aint is not a word you start a sentence with, unless you are chatting with a friend in the ghetto…You have the option of moving your 401k around any time you want to. That is if you can stay away from the soap operas on TV long enough……

      1. JC says:

        Hey Felix, you’re not the sharpest tool in the shed either. FYI, “all-caps” isn’t a word, dummy. At least I just had spell check word changing errors. Try adding an interesting comment next time as I have, love it or hate it. That’s what language is for, to convey a message unless you are just interesting in correcting spelling all day…

  20. hyipro says:

    mmm Bloomberg may be right and the peaceful riot has begun, is London that far off in NYC I think not to many hard working people are so angry at the system they will blow soon, including the college grad’s still looking for work after years of frustration and debt.

  21. goblin says:

    What the hell is a struggling Freelancer? Sounds like Mr. Holtz should have invested wisely and sought educating himself in something the job sector actually needed.

    1. sh says:

      Freelancers might also be called entrepreneurs or self-employed. Does that sound better? Perhaps Mr. Holtz has been educated in a field the job sector desires, but companies are unwilling to hire full time employees for that position. Why? Because it is cheaper to hire the freelancer and not pay all the taxes. So the companies that do hire freelancers want their services but not enough to hire them, and because of the current economy, freelancers have to for-go such luxuries as health insurance to keep their costs low and compete. Not everything is black and white.

  22. Meme Meyagi says:

    there are 7 million mooslime terrorists in usa. what is being done about it?

    1. Kale says:

      How do you know every one of them is a terrorist? I call BS

      1. JC says:

        Kale, glad that you agree with me, thanks. So, i’m a jerk to you, so be it. I’m here to help the uninformed and misguided who fell for choosing the wrong president at the absolute wrong time to lead our country out of this mess. Now they are protesting in the wrong place. Please don’t make the same mistake again in 2012 as we are all suffering greatly under this regime. The protest itself and some of the comments on here are destructive as have been the last 3 years of failed policies including bailing out the banks and some of “Wall St” as you would call it. Picking winners and losers if for the market to do and not for Washington. Certainly not for our leader to handle, he who has never even ran a lemonade stand.

    2. nawahine says:

      are you serious?????

  23. Deb says:

    oh my, you americans!!! some of you are soooo narrow minded! you can’t see they’re fu***** with you because you don’t want to!!! capital and jobs???!!! seriously????? so blind….

    1. JC says:

      Hey Deb, learn the language first before you comment, we have no idea what you are trying to say. Time to get back to Craigslist and emailing people about how you’re in the military overseas and you need to sell your camaro real cheap or that you need someone to accept $5MM for you, just pay them $50 first…

      1. Kale says:

        Most of your comments show how much of a jerk you are, but I have to agree. This foolishness doesn’t solve anything; People are getting crazy rightt now.

      2. OEyvind says:

        Aftre reading your comments, JC, I have to say:

        STFU allready, you borderline psychopath moronic troll. Embrace fascism and social darwinism all you want. You will still be a loser in the monopolistic, totalitarian corporatist system. All the bullies that bullied you in school will keep on bullying you, because you take it so well. Embracing their mindset and “philosophy” isn’t going to make you one of them, it makes you a broken person with a sold out soul.

        And you will still be a small person, with a pathetic soul and a tiny intellect nomatter how much you berate other people in a forum to make your own miserable, dark, and fearful life feel better. Your misanthropy mirrors your own spirit. Your dull emotional life and lack of ability to feel other humans make your world view a hellish hall of mirrors where you constantly fight against your own weaknesses, and they are EVERYWHERE.

  24. Bruce Goldensteinberg says:

    Wall Street allocates capital to its most efficient uses. Wall Street is not the enemy. The enemy is the government which ties the hands of job creators and prevents them from recharging the economy. I have a friend on Wall Street and he wants to lend money to get the economy moving again but all the new regulations are making it impossible to do so. Also, there is too much uncertainty right now due to ObamaCare and the onerous regulations and mandates contained therein. Companies are afraid to hire because they fear being penalized under the new law. Wall Street is not the enemy. The White House is the real problem.

    1. Me says:

      The corporations are on Wall St. so that’s a good place to demonstrate. The government is fed/influenced/controlled by corporate lobbying to keep laws in favor of corporate greed/corruption and hurting the people. Oil, defense, pharma, etc. companies spend the most on lobbying, practically own the government and make billions off the people. The government (Bush) started big needless wars approved based on a lie (Saddam has WMDs) that cost over $1 TRILLION over the past 10 years, so don’t expect we the people to pay for them. Think about how much each working person would have to pay to pay off $1 TRILLION. Google “cost of war per person,” “trade deficit” and “corporate lobbying.” US legislation increasingly protects corporate interests. Republicans are the worst and are in the corporations’ back pockets but I don’t think either of the 2 big parties can fix things until corporate influence is outlawed. Truman spoke against corporate greed years ago. Google “corporate greed Truman.”

    2. rsak says:

      I agree. The protesters are going to affect the countless numbers of hard workers that go to “Wall Street” everyday to work – MOST making under 200,000, not millions or billions. If you live in NY, $200K is barely middle class. Obama, regulation, fear of the future is the reason we have not seen more jobs. Maybe those protesters should start businesses and be productive instead of sitting on a street all day protesting the need for a larger government hand out.

      1. Scott says:

        150K-200K is most certainly upper-middle class in NYC, even if your choose to live in Manhattan. I supported a family on a 50K to 55K for five years while living in Brooklyn. Sure, we had spend the money wisely, live in nice, but not trendy neighborhoods like Windsor Terrace or Ditmas Park instead of Prospect Park or DUMBO. But really, if someone can’t manage to live well on 150K-200K in Manhattan, financial planning is not their strong suit.

        If Wall Street can’t manage to conduct business because citizens are peaceably assembling to express their views, how well should we expect them to handle the complex business and financial problems of the world today?

  25. ekim says:

    Oh yes – protect the “job creators” Job Creators they may be, but not in this country. The rich will do everything in their power to not create jobs in the U.S. where employees might still have a smidgen of power. They create jobs overseas. They’re the job exporters. It’s amazing to me these right wing wackos who apparently must not have any family, no kids, no grandkids and could care less about the rest of us all the while supporting policies and crooks who continue to put us into deeper and deeper economic crisis. Talk about shooting in the foot!

    1. JC says:

      And who would want to hire you? I wouldn’t. You demand “power” but you forget that you are asking for and accepting a job. You are asking to be paid a salary from someone else, someone who has risked failure, bankruptcy, his/her savings, time, marriage, family, and their own career to go out and create something positive. You are NOT entitled to a job nor anything for that matter. Go out and fend for yourself and see how you do. You’ll be back, begging for your job I guarantee it. Respect the life that you have chosen or start taking your own risks.

      1. Me says:

        Huh? I think better questions are “who’s hiring anyone?” and “who’s hiring with decent wages?” People looking for work have time to protest.

  26. BiteTheHandThatFeedsU says:

    The businesses on Wall street are the only thing keeping NY from becoming Detroit…

    1. Frank Rizzo says:

      Yea, shut down Wall Street and see 75% of gov’t services cut off. Who do you think pays for the socialist city that in NYC?

    2. nawahine says:

      the businesses on Wall street created what Detroit has become

  27. Front says:

    Wall St. is responsible for the current economic crisis. Speculators do not produce anything of value, they are merely leeches. Large sums are shifted around among the few, and the many are left with nothing of substance. We need a return of our manufacturing base, which creates real wealth that is shared among all social strata. Speculation on stocks needs to be heavily regulated. And corporations and the wealthy need to pay their fair share of taxes.

    I applaud this effort to try to shed some light on the mechanisms that have left us — the 99% who don’t profit from the gambling that goes on on Wall St. — reeling.

    1. JC says:

      Idiot – some of us speculate for a living. If you are not smart enough to compete, don’t play. Sounds like you should find a nice Socialist or Communist country to move to as well. Bon Voyage!

      1. isis says:

        Speculate…and give nothing of value to the human race. You can’t wait to get your hands on fiat money, move it around and take a piece. You can’t possibly have a soul.

  28. Jamel says:

    Creates capital and jobs? Are you delusional? Obviously.

    1. Trisha says:

      Do you have a job?
      Obviously not !

  29. Hames says:

    Who do you think got us into this mess in the first place? Your precious “business oriented people” aka Republicans. Effin morons like you is the reason why the government and Wall Street can get away whatever the hell they want these days

  30. Nick 1975 says:

    These protesters look like nothing more than STUCK UP, ENTITLED prissy hipster transplants — you know the ones you see in Brooklyn or in Cambridge Massachusetts. They are just bitter because their degree in Philosophy or English Literature isn’t in demand and that they may have to get off the teat of mommy & daddy.

    1. William says:

      You hit the nail right on the head!!!!

    2. Front says:

      Who cares what the protesters look like? They are fighting for all of us! Unless you are in the top 1%, you are complaining against your own interests.

      1. Bruce Goldensteinberg says:

        Wall Street creates JOBS – something the president knows nothing about. Obama has never created a private sector job. Wall Street fuels businesses. We should thank them for fighting for all of us instead of demonizing them. I hate to say this, but all the anti-Wall Street rhetoric sounds a lot like anti-semitism. This makes sense though, because under the surface of a leftist, you often find those who despise Jewish people.

      2. JC says:

        And what exactly are you fighting for again? Sounds like they are just looking for a cheap place to camp in NYC…

    3. JW says:

      Young people are stupid.

  31. maya says:

    You must think we are supposed to say stuck on stupid, protecting our abusive pimps. lol @ “business oriented people” helping us. All they care about is making themselves rich, rich, and more rich. We are tired of falling for the okie-doke. People like you want us to blame “socialism” and fight against each other while the greedy wicked rob us blind and leave us in the mess we are in.

    1. JC says:

      Unfortunately, it looks like you will have to live with being stupid for the rest of your life. If you want to be “rich, rich, rich” too, then try using your brain and start taking risks like the successful job creators have. Try helping yourself, you can sort of read and write and you do have Google (Greedy American Company) so do some research on how to improve your life.

  32. ED says:

    We need to stop the “flash trading” that is going on now. When you a buying stock on computer driven trades that have no ties to the company they are buying is wrong. We make cars that can go 150mph, that doesn’t mean you drive them 150mph. Same goes for stocks and the people making BILLIONS off these flash trades. Tax flash trades if you want to raise someones tax and have a stock market that is driven by “fundamentals” anyone remember those days ?

    1. JC says:

      Ed, right on. Get the MIT Phd’s out of trading. Revert back to fractions and put them out of business. You wont have any more Rouge Traders either as real traders don’t know squat about how to hack the back office systems to cover our huge losses.

  33. Marina Ios says:

    this is sad and scary, but , on the other hand, what would the government expect? seriously now , people are starting getting desperate.

  34. AnotherVersionoftheTruth says:

    Classic… Pigs protecting a a big brass Bull, only in America.

    1. Deb says:

      totally agree

    2. JC says:

      There is only True and False dummy, go back to Philosophy 101. This is your problem, you create too much grey in between. Bulls will trample sheeple like you and Bears will eat you for breakfast.

      1. nawahine says:

        OMG get over yourself JC.. wanna be bad ass…..

  35. This should be front page news everywhere. But college football’s on the tube. Ah well, next time people….

    1. JC says:

      We can change this because we are the primary driver of the world economy. Using the right policies under a capable, business-centric conservative leader we can do it. You guys are just are protesting in the wrong place – not Wall St. but should be the White House lawn.

      1. nawahine says:

        Earth to JC… the occupy the white house lawn event begins on October 7th
        you ought to go and get an attitude adjustment it would be good for you someone can help you get your head out of your butt..

      2. Somsy Attanaphone says:

        You trader leeches are the primary driver of your own pockets. The rest of the country doesn’t need or want you.

  36. pepito grillo says:

    It´s just a begining. But a big one this time.

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