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Soros Sympathizes With Wall Street Protesters

Tuesday, 04 Oct 2011 07:49 AM

Billionaire financier George Soros says he sympathizes with the pain of those holding protests on Wall Street, around New York and now nationwide.

The protests, started by many expressing their frustration with the economy and also with sentiments that taxpayer money is bailing out Wall Street fat cats, are entering their third week.

"The decision not to inject capital into the banks, but to effectively relieve them of their bad assets and then allow them to earn their way out of a hole leaves the banks bumper profits and then allows them to pay bumper bonuses," says Soros, expressing the views of many protestors, the BBC reports.

George Soros
(Getty Images photo)
Protests have now popped up across the country, as more and more want to show they are fed up over a weak economy, poor hiring and perceived corporate greed.

The movement, dubbed Occupy Wall Street, has spawned protests or plans for protests in more than 50 cities from San Francisco to Portland, Maine, according to the website occupytogether.org, an unofficial organizing hub for the protests, the Christian Science Monitor reports.

Some are calling it a Tea Party movement for liberals, or a U.S. version of the Arab Spring, the latter being popular uprisings that snowballed into political upheavals that rocked Middle East political establishments earlier this year.

"I’ve felt this way for a long time. I’ve really just kind of been waiting for a movement to come along that I thought would last and have some resonation within the community," says Steven Harris, a laid-off truck driver in Kansas City, the Associated Press reports.

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