Memo to U.S. Banks: Here’s How to Subvert ‘Occupy’ Movement

A Washington lobby firm has outlined in a memo a possible strategy for big banks to subvert the Occupy Wall Street movement by digging up research to “undermine their credibility in a profound way.”
The proposed strategy was written on the letterhead of the lobbying firm Clark Lytle Geduldig & Cranford and addressed to a firm’s client, the American Bankers Association (ABA), reported the MSNBC program “Up w/ Chris Hayes.”
The ABA is the primary voice of the banking industry, representing banks of all sizes and charters. The industry group said it did not act on the proposal.
Much of the anger of the Occupy movement, referred to in the memo as “OWS,” is aimed at big banks and Wall Street firms, some of which took U.S. bailout funds in the aftermath of the financial crisis three years ago.
CLGC’s memo proposes to the ABA that it pay the firm $850,000 to conduct “opposition research” against those behind the leadership and funding of the Occupy protests. And it offers polling research targeting key swing-state Senate races to help defeat Democratic candidates in next year’s election.
The memo states that Democratic Party leaders have begun to openly support the Occupy movement. But the biggest concern should be that “Republicans will no longer defend Wall Street companies – and might start running against them too,” the memo to the ABA said.
The firm proposes creating “negative narratives” about the Occupy protests and  Democratic politicians who are supportive.
“It will be vital to understand who is funding it (OWS movement) and what their backgrounds and motives are,” the memo reads. “If we can show they have the same cynical motivation as a political opponent it will undermine their credibility in a profound way. A key strategic goal will ultimately be to show any evidence of fraud on the other side.”
The memo states that the Occupy movement should be taken seriously.
The memo reads: “It may be easy to dismiss OWS as a ragtag group of protestors, but they have demonstrated that they should be treated more like an organized competitor who is very nimble and capable of working the media, coordinating third party support and engaging office holders to do their bidding.”
However, the memo warns that “well-known Wall Street companies” are in the “nexus” of where Occupy protestors and the Tea Party, the politically-conservative populist movement, overlap on “angered populism.”
“This combination has the potential to be explosive later in the year when media reports cover the next round of bonuses and contrast it with stories of millions of Americans making do with less this holiday season,” the memo reads.
Jeff Sigmund, an ABA spokesperson, confirmed that the association got the memo. “Our Government Relations staff did receive the proposal – it was unsolicited and we chose not to act on it in any way,” he said in a statement to the MSNBC program “Up w/ Chris Hayes.”

5 thoughts on “Memo to U.S. Banks: Here’s How to Subvert ‘Occupy’ Movement

  • November 19, 2011 at 9:35 pm

    I was taken back a bit reading this, But now any hope of me voting for a Republican is Gone, I always had a feeling the Republican were in with the Big Banks, But now I see it is True, To bad the Republican forgot who elected them

  • November 19, 2011 at 10:25 pm

    I HOPE the Dems have the wit to use THIS. Thank you big banks and Wall Street-now we know where YOU really stand-plutocratic jerks. AND WHY big money tends to support the GOP.
    Now-how much does everyone want to be the giant MEDIA companies in the US….BURY this story…

  • November 20, 2011 at 12:59 pm

    The Dems and the Republicans are really the same party with two different faces. The media whipsaws the average voter back and forth when really there is very little difference between them.
    It is like fascism and communism…the people under either system would be hard pressed to explain any meaningfull difference between the two.
    Get Ron Paul in before it’s too late.

  • November 20, 2011 at 5:01 pm

    What I find odd is the date in this document; November 24, 2011. It has not happen yet! Could it be and omen of somthing to come?

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