MEDIAITE: Limbaugh later accused President Obama of being behind the Occupy Wall Street movement, saying that it was driven by Tea Party envy from left-leaners. “The Democrats are so jealous of [the] Tea Party, they can’t see straight,” Limbaugh said. “Obama’s responsible for this. This kind of thing is not spontaneous, they didn’t bubble up out of nothing; they’ve had to create this, they’ve had to pay for it. They’re advertising.” MORE
GAWKER: The Occupy Wall Street protests have been going on for a month. And it seems the FBI and NYPD have had help tracking protesters’ moves thanks to a conservative computer security expert who gained access to one of the group’s internal mailing lists, and then handed over information on the group’s plans to authorities and corporations targeted by protesters. Since the Occupy Wall Street protest began on September 17, New York security consultant Thomas Ryan has been waging a campaign to infiltrate and discredit the movement. Ryan says he’s done contract work for the U.S. Army and he brags on his blog that he leads “a team called Black Cell, a team of the most-highly trained and capable physical, threat and cyber security professionals in the world.” But over the past few weeks, he and his computer security buddies have been spending time covertly 
attending Occupy Wall Street meetings, monitoring organizers’ social media accounts, and hanging out with protesters in Lower Manhattan. As part of their intelligence-gathering operation, the group gained access to a listserv used by Occupy Wall Street organizers called September17discuss. On September17discuss, organizers hash out tactics and plan events, conduct post-mortems of media appearances, and trade the latest protest gossip. On Friday, Ryan leaked thousands of September17discuss emails to conservative blogger Andrew Breitbart, who is now using them to try to smear Occupy Wall Street as an anarchist conspiracy to disrupt global markets. MORE
MATT TAIBBI: This will be an effort to transform OWS from a populist and wholly non-partisan protest against bailouts, theft, insider trading, self-dealing, regulatory capture and the market-perverting effect of the Too-Big-To-Fail banks into something a little more familiar and less threatening, i.e. a captive “liberal” uprising that the right will use to whip up support and the Democrats will try to turn into electoral energy for 2012. […] The Rush Limbaughs of the world are very comfortable with a narrative that has Noam Chomsky, MoveOn and Barack Obama on one side, and the Tea Party and Republican leaders on the other. The rest of the traditional media won’t mind that narrative either, if it can get enough “facts” to back it up. They know how to do that story and most of our political media is based upon that Crossfire paradigm of left-vs-right commentary shows and NFL Today-style team-vs-team campaign reporting. What nobody is comfortable with is a movement in which virtually the entire spectrum of middle class and poor Americans is on the same page, railing against incestuous political and financial corruption on Wall Street and in Washington. The reality is that Occupy Wall Street and the millions of middle Americans who make up the Tea Party are natural allies and should be on the same page about most of the key issues, and that’s a story our media won’t want to or know how to handle. MORE
GLENN GREENWALD: Can the Occupy Wall Street protests be transformed into a get-out-the-vote organ of Obama 2012 and the Democratic Party? To determine if this is likely, let’s review a few relevant facts. In March, 2008, The Los Angeles Times published an article with the headline “Democrats are darlings of Wall St“, which reported that both Obama and Clinton “are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions.” In June, 2008, Reuters published an article entitled “Wall Street puts its money behind Obama”; it detailed that Obama had almost twice as much in contributions from “the securities and investment industry” and that “Democrats garnered 57 percent of the contributions from” that industry. When the financial collapse exploded, then-candidate Obama became an outspoken supporter of the Wall Street bailout. After Obama’s election, the Democratic Party controlled the White House, the Senate and the House for the first two years, and the White House and Senate for the ten months after that. During this time, unemployment and home foreclosures were painfully high, while Wall Street and corporate profits exploded, along with income inequality. In July, 2009, The New York Times dubbed JPMorgan Chase CEO Jamie Dimon “Obama’s favorite banker” because of his close relationship with, and heavy influence on, leading Democrats, including the President. In February, 2010, President Obama defended Dimon’s $17 million bonus and the $9 million bonus to Goldman CEO Lloyd Blankfein — both of whose firms received substantial taxpayer bailouts — as fair and reasonable. MORE
TELEGRAPH: The biggest financial backer of the Occupy Wall Street protests is a former “superstar” oil trader who earned up to $15 million (£9.5 million) a year and supports the Republican party, it has emerged. […] Mr Halper’s donation is all the more surprising given that Mr Romney has emerged as Wall Street’s presidential choice, raising far more in donations from financial executives than Barack Obama. He has so far collected $350,000 (£222,717) from Goldman Sachs employees, seven times more than Mr Obama. The President’s appeal among Goldman staff has declined since his 2008 campaign, when individually they gave him $1 million (£636,335) — more than at any other firm. MORE
CHRIS HEDGES: There is no danger that the protesters who have occupied squares, parks and plazas across the nation in defiance of the corporate state will be co-opted by the Democratic Party or groups like MoveOn. The faux liberal reformers, whose abject failure to stand up for the rights of the poor and the working class, have signed on to this movement because they fear becoming irrelevant. Union leaders, who pull down salaries five times that of the rank and file as they bargain away rights and benefits, know the foundations are shaking. So do Democratic politicians from Barack Obama to Nancy Pelosi. So do the array of “liberal” groups and institutions, including the press, that have worked to funnel discontented voters back into the swamp of electoral politics and mocked those who called for profound structural reform. There is no danger that the protesters who have occupied squares, parks and plazas across the nation in defiance of the corporate state will be co-opted by the Democratic Party or groups like MoveOn. The faux liberal reformers, whose abject failure to stand up for the rights of the poor and the working class, have signed on to this movement because they fear becoming irrelevant. Union leaders, who pull down salaries five times that of the rank and file as they bargain away rights and benefits, know the foundations are shaking. So do Democratic politicians from Barack Obama to Nancy Pelosi. So do the array of “liberal” groups and institutions, including the press, that have worked to funnel discontented voters back into the swamp of electoral politics and mocked those who called for profound structural reform. MORE
MATT TAIBBI: I think the movement’s basic strategy – to build numbers and stay in the fight, rather than tying itself to any particular set of principles – makes a lot of sense early on. But the time is rapidly approaching when the movement is going to have to offer concrete solutions to the problems posed by Wall Street. To do that, it will need a short but powerful list of demands. There are thousands one could make, but I’d suggest focusing on five:
1. Break up the monopolies. The so-called “Too Big to Fail” financial companies – now sometimes called by the more accurate term “Systemically Dangerous Institutions” – are a direct threat to national security. They are above the law and above market consequence, making them more dangerous and unaccountable than a thousand mafias combined. There are about 20 such firms in America, and they need to be dismantled; a good start would be to repeal the Gramm-Leach-Bliley Act and mandate the separation of insurance companies, investment banks and commercial banks.
2. Pay for your own bailouts. A tax of 0.1 percent on all trades of stocks and bonds and a 0.01 percent tax on all trades of derivatives would generate enough revenue to pay us back for the bailouts, and still have plenty left over to fight the deficits the banks claim to be so worried about. It would also deter the endless chase for instant profits through computerized insider-trading schemes like High Frequency Trading, and force Wall Street to go back to the job it’s supposed to be doing, i.e., making sober investments in job-creating businesses and watching them grow.
3. No public money for private lobbying. A company that receives a public bailout should not be allowed to use the taxpayer’s own money to lobby against him. You can either suck on the public teat or influence the next presidential race, but you can’t do both. Butt out for once and let the people choose the next president and Congress. MORE
MTV REAL WORLD: MTV’s Real World is seeking cast members to tell their unique stories on our show. If you are over the age of 20 and appear to be between the ages of 20-24, and the description below sounds like you, we want to hear from you! Are you a part of the OCCUPY WALL STREET movement? If so, please contact realworldcasting@bunim-murray.com. Your subject heading should be YOUR NAME and WALL STREET. Please attach 3 RECENT PHOTOS and a brief BIO, including your full NAME, DATE OF BIRTH (for ID purposes only) as well as your CONTACT INFORMATION including PHONE #. [via CRAIGSLIST]