Saturday, November 19, 2011

Memo: Banks should undermine Occupy

WASHINGTON, D.C. (Reuters) - The Occupy Wall Street movement is a big enough problem for US banks that they should pay for opposition research into the political motives of protesters, said a firm that lobbies for the [banking] industry.

Clark Lytle Geduldig & Cranford, a Washington-based firm, proposed the idea in a memo to the American Banking Association, an industry group which said on Saturday that it did not act on the idea.

The four-page memo outlined how the firm could analyze the source of protesters' money, as well as their rhetoric and the backgrounds of protest leaders.

"If we can show they have the same cynical motivation as a political opponent, it will undermine their credibility in a profound way," said the memo, according to a copy of it on the website of TV news channel MSNBC, which first reported on it.

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