From POLITICAL HOTSHEET at CBS NEWS:
Over the past several weeks, hundreds of Americans have submitted personal tales of economic hardship on the “Occupy Wall Street”-affiliated Tumblr “We are the 99 percent.” Now, conservatives who oppose the Wall Street protests have an answer to it in the form of their own Tumblr, entitled “We are the 53%.”
According to the Washington Post, the blog was conceptualized by Redstate.org founder Erick Erickson, who collaborated on it with the Texas Public Policy Foundation’s Josh Trevino and conservative filmmaker Mike Wilson.
The Tumblr claims to represent the 53 percent of Americans who pay federal income taxes – the implication being that those associated with “Occupy Wall Street” are not also part of that 53 percent and do not pay federal income taxes.
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From THINK PROGRESS ECONOMY:
A new Stop Snitchin campaign to deter would-be informants, in this case against people speaking up against crimes on Wall Street, is quietly taking shape, this time far from the media’s eye.
Financial experts and academics agree that strong whistleblower regulations could have prevented the Bernie Madoff Ponzi scheme and indeed much of the financial crisis if employees at firms engaged in fraudulent activity had spoken up early or had reported complex crimes to the appropriate authorities. Employees at firms at the center for the financial crisis, including troubled lender Countrywide, have cited intimidation and other illicit tactics as the reason few people spoke up as whistleblowers. Since the old whistleblower laws provided for weak legal protections for informants and relatively rare rewards, the Dodd-Frank financial reform law passed last year revamped the system with new rights for informants blowing the whistle on financial crimes.
Bank lobbyists and Fox News, however, have made such protections enemy number one.
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