Last Updated 10:39 p.m. ET
Albuquerque police subdued a 48-year-old man who lunged with a knife at a group of protesters gathered Friday evening near the University of New Mexico in support of the Occupy Wall Street movement.
About 100 people were in the area when Miguel Aguirre - described by police as a homeless man who also was drunk - pulled out a knife and attempted to stab several protesters. No one was injured.
Police said protesters felt threatened when Aguirre held a knife with a 6- to 8-inch blade and asked, "Who wants to be first?"
CBS Affiliate KRQE reports police had to resort to using a Taser gun on the man when he refused to follow their instructions.
/ KRQE
He told police he didn't remember pulling a knife on protesters.
Police said Aguirre will be charged with aggravated assault with deadly weapon, refusing to obey a police and other charges.
It's unclear whether Aguirre has an attorney. He was in police custody Friday night.
Aussie riot police break up Occupy protest
Complete CBS News coverage: "Occupy" protests
Chicago: Members of the anti-Wall Street group Occupy Chicago have reached Grant Park in their attempt to make the area the permanent home for their movement.
Protesters led a slow march from Chicago's financial district Saturday, taking more than 45 minutes to reach the park. Along the way, police on horses blocked marchers from walking on the street on Michigan Avenue, leaving them with just the sidewalks to occupy.
Police now say about 1,500 people are gathered for the protest.
A city ordinance prevents the Occupy Chicago group from camping outside the Federal Reserve Bank. Organizers say they want to make Grant Park the movement's home, but they lack permits.
Police arrested 175 people in the park last weekend after protesters set up tents at Grant Park past its public hours.
Oakland, Calif.: Hundreds of anti-Wall Street protesters defiantly remained at their campsite outside Oakland's City Hall early Saturday, despite a city order to vacate.
As the 10 p.m. time of the city's ultimatum passed Friday night, Occupy Oakland demonstrators showed no signs of departing as music blasted from the plaza. More protesters arrived with tents as midnight approached.
Occupy Oakland defies vacate orders
/ WCBS
Police negotiated with him for more than two hours before he voluntarily came down at about 9:15 a.m. Officials said he was to be taken to a city hospital for a psychiatric evaluation; it's not clear whether he will face criminal charges.
A number of demonstrators expressed displeasure over the stunt, saying it was an unfortunate distraction.
Seeger, Guthrie join Occupy Wall Street rally
Seattle, Wash.: Police said a man affiliated with the Occupy Seattle protests was arrested Saturday morning when he stood in front of a patrol car and refused to move. Officers booked him for obstructing.
On Friday evening officers arrested a 39-year-old man for writing graffiti with chalk on the walls of Westlake Park. He was booked into county jail for property damage. Police have made more than 50 arrests since protesters moved into Westlake at the start of the month.
Demonstrators march in Frankfurt, Germany on Saturday, October 22, 2011, as part of "Occupy Frankfurt" ("Besetzt Frankfurt").
/ AP/Martin Oeser/dapdOrganizers of the protest - which is inspired by New York's Occupy Wall Street movement - said turnout was about 6,000.
Some protesters have been camping out in front of the European Central Bank's office tower in Frankfurt since a demonstration of around 5,000 there last week. Several hundred protesters criticizing banks and capitalism as a whole also took to the streets in Berlin, where about 4,000 had turned out last Saturday.
http://explainlikeakid.blogspot.com/2011/10/why-people-are-protesting-on-wall.html
In 1985 bankers from Salomon Brothers, BNP Paribas, Goldman Sachs and J.P. Morgan met at a Palm Beach hotel and reached agreement on how credit default swaps should be handled. (Fool's Gold, Gillian Tett 2009)
The banks used AIG as the main source of credit default swaps because of its execellent credit rating. As the world's largest insurance company AIG retained hundreds of billions of dollars in loss reserves. However, none of those loss reserves could be used for indemnification of credit default swaps. All of the AIG reserves were dedicated to specific classes of insurance, such as life, property and casualty. AIG just took the money banks paid for credit default swaps and paid it's executives without retaining any loss reserve those swaps. Banks ramped up subprime loans thinking that if the loans failed they would be paid by AIG. The problem was that when they reached agreement on how credit default swaps were to be handled one of the most important agreements they made was that the swaps would be considered a financial instrument insead of insurance. That decision took regulation of the swaps away from state insurance regulators who are charged with ensuring that insurance companies keep appropriate loss reserves. Since the banks controlled the national government they directed the federal government not to regulate credit default swaps.
When those bad mortgages failed the banks expected their money from AIG. Trouble was, AIG did not have near enough money to pay off on the bad mortgages. The rationale used for the taxpayer bailout of AIG is that without the bailout the largest banks in the U.S. would fail. The banks took the taxpayer money and used it to pay huge executive bonuses, presumably to reward them for almost wrecking the economy.
Now the bankers have the money and the middle and lower classes are expected pick up more of the tab for bailing out the bankers. That is why people are upset. The whole scheme was developed by bankers as a vehicle make money whether they made good loans or bad loans and because they controlled the regulators the banks did not have to worry any governmental interference.
When those who lost money on the toxic mortgages the bankers sold as safe investments rated AAA when the banks knew the mortgages were anything but complained the banks said those people just did not do their due diligence. That is like saying Bernie Madoff should not be in jail because if people had done their due diligence they would not have lost money. The arrogance of the bankers is without limit.
http://usahistoryalive.wordpress.com/
As for the "occupy people", they seem to really be confused. Wall Street is not robbing the 99%. The majority of Americans have their retirements invested in Wall Street. If you want to know who is robbing America of jobs, you have no one to blame but the politicians in Washington DC. Corrupt politicians from BOTH POLITICAL PARTIES have robbed funds from the Social Security system in order to purchase goodies today for voters. These people should be prosecuted, but everyone knows that they will not be.
The idiotic health care law in 2014 will impose huge crippling expenses and regulations on business, and many business owners are having to put cash aside for that nonsense rather than hire people. Congress (including Barney Frank) pushed banks and mortgage companies to give loans to people who could not pay them back, and this led to the original mortgage collapse that began the entire economic downturn for the United States.
Massive continued unemployment, massive national debt, and international terrorism are the top three treats to citizens of the United States. I understand the frustration in this country with our horrible economy, but Wall Street is not responsible for any of these three. To the "occupy people" I say this in sincerity, your anger is misplaced.
Rank
Organization
Total '89-'12
Dem %
Repub %
Tilt
1
ActBlue
$55,745,059
99%
0%
2
AT&T Inc
$47,571,779
44%
55%
3
American Fedn of State, County & Municipal Employees
$46,167,658
94%
1%
4
National Assn of Realtors
$40,718,176
47%
49%
5
Service Employees International Union
$37,634,367
75%
2%
6
National Education Assn
$37,051,378
82%
5%
7
Goldman Sachs
$35,790,579
60%
39%
8
American Assn for Justice
$34,715,804
89%
8%
9
Intl Brotherhood of Electrical Workers
$34,292,471
97%
2%
10
Laborers Union
$31,876,950
89%
7%
11
American Federation of Teachers
$31,681,366
91%
0%
12
Teamsters Union
$31,285,842
89%
6%
13
Carpenters & Joiners Union
$30,769,258
86%
9%
14
Communications Workers of America
$30,192,447
94%
0%
15
Citigroup Inc
$28,842,146
49%
49%
16
American Medical Assn
$27,880,935
40%
59%
17
United Auto Workers
$27,539,652
98%
0%
18
United Food & Commercial Workers Union
$27,344,608
93%
0%
19
National Auto Dealers Assn
$26,966,358
32%
67%
20
Machinists & Aerospace Workers Union
$26,879,727
98%
1%
go to http://www.opensecrets.org/orgs/list.php if you want to see the full list. The democrtates get the most money from unions, taking political donations. THEY ARE BOUGHT AND YOU CANNOT DENY IT! IF YOU DO YOU ARE IN DENILE. LOOK IT UP OR SHUT UP!
What a chicken or coward you really are.
Satan like you knows it in and out like you, satan like you also fears it's truth and what Revelations has in store for you two.
Time to go and pray for your soul.
Besides, your little game has become boring.
I'll be back to try and help you out.
***
Idiot, "Revelation" (as in the book of) is not plural. Pay attention to what you read. It does you no good otherwise.
One thing I must say though, is that they are barking up the wrong tree. They need to start with protesting at the FED, and if time permits, protest at Wall Street.
One clear signal that this movement is not exactly grassroots, or as organic as they want you to think, is that people have tried to organize protests at the FED in NY, and no one showed up. So why then, do thousands of people just pop up at Wall Street to protest? If anyone thinks these things are spontaneous and not carefully planned, they are mistaken. I think the powers that be are up to their usual tricks again. They fund and organize these "movements" so that real, true protest movements don't crop up. By funding and organizing these movements before The People can, they are basically setting the boundaries for protesting and voicing outrage at the systems, political and economic. They want to set the boundaries to a safe and family friendly setting, so that real demands for real progress and change are not heard. They are very good at it, and it is clear that is what they are doing. Otherwise this would be Occupy the FED.