Michael Moore Incites Anger and Sympathy After CNBC Interview
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CNBC interviewed controversial filmmaker Michael Moore at the Occupy Wall Street demonstrations earlier Monday, igniting emotions on both sides.
Asked if he and other demonstrators just want "a perp walk for bankers," Moore said that is just a small part of it. Moore said the people at Occupy Wall Stret want the wealthy taxed more, Glass/Steagall reinstated and money out of politics, among other things.
Asked why the protest is on Wall Street versus Washington D.C., Moore said, "because those are just the employees of this street." He said Wall Street is the center and the "core" of the problem.
"We're wasting our time down there (Washington) because they don't listen to the people," Moore said. "They only listen to who is lining their pockets and those people happen to be right down this street."
Asked if he considers himself the voice of the movement, Moore said "no."
"I am not that. I am one of millions of voices. This movement has no spokesperson, no leader."
Moore said when the 400 wealthiest Americans have more combined wealth than 150 million Americans combined, "that is not a free and open and democratic society and that's not an economy that is run by the people."
Moore said he doesn't own a single share of stock saying Wall Street is a "rigged casino."
Moore also said CNBC isn't doing its job. "It is your job, not just to report that the Dow is up 95 points already today but to go in there and find out what's really happening. Who's going -- who is making this money? Who is dividing this pie up so that the 1% get the majority of it? That's really the story. That's the story of your -- your fellow Americans want you to do. Absolutely. They want to know where their jobs went and where their future is going to be. That's the job of CNBC. So please do your job."
Love him or hate him, he incited much emotion amongst the trading community today.
While many traders detest Moore, some thought he had a good point about getting money out of politics.
Others thought it was disingenuous that Moore is a millionaire himself and will enrich himself further from doing a documentary about the Occupy Wall Street movement.
Asked if he and other demonstrators just want "a perp walk for bankers," Moore said that is just a small part of it. Moore said the people at Occupy Wall Stret want the wealthy taxed more, Glass/Steagall reinstated and money out of politics, among other things.
Asked why the protest is on Wall Street versus Washington D.C., Moore said, "because those are just the employees of this street." He said Wall Street is the center and the "core" of the problem.
"We're wasting our time down there (Washington) because they don't listen to the people," Moore said. "They only listen to who is lining their pockets and those people happen to be right down this street."
Asked if he considers himself the voice of the movement, Moore said "no."
"I am not that. I am one of millions of voices. This movement has no spokesperson, no leader."
Moore said when the 400 wealthiest Americans have more combined wealth than 150 million Americans combined, "that is not a free and open and democratic society and that's not an economy that is run by the people."
Moore said he doesn't own a single share of stock saying Wall Street is a "rigged casino."
Moore also said CNBC isn't doing its job. "It is your job, not just to report that the Dow is up 95 points already today but to go in there and find out what's really happening. Who's going -- who is making this money? Who is dividing this pie up so that the 1% get the majority of it? That's really the story. That's the story of your -- your fellow Americans want you to do. Absolutely. They want to know where their jobs went and where their future is going to be. That's the job of CNBC. So please do your job."
Love him or hate him, he incited much emotion amongst the trading community today.
While many traders detest Moore, some thought he had a good point about getting money out of politics.
Others thought it was disingenuous that Moore is a millionaire himself and will enrich himself further from doing a documentary about the Occupy Wall Street movement.
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