From Wall Street to Fleet Street: Protests Set for London

Exchange to see influx of Occupy Wall Street demonstrators starting on Saturday

The Occupy Wall Street movement, whose growing presence in Lower Manhattan has steadily attracted more notice, is spreading to Fleet Street, where protestors plan a march this Saturday to the London Stock Exchange.

Reuters reported that demonstrators plan to take part in a peaceful protest that will start at noon. Kai Wargalla, one of the organizers of Occupy London Stock Exchange, was quoted in the report saying that approximately 4,000 people were expected to take part. Wargalla, a student, said in the report, “We are protesting against social and financial injustices. If you look at the financial sector and the political and regulatory system they don’t work for us, the common man.”

The group intends to gather in Paternoster Square, which is near the London offices of both Bank of America Corp. in King Edward Street and Goldman Sachs Group on Fleet Street. Tom Gilbert, a spokesman for the London Stock Exchange, said the exchange was aware of the protest and had no further comment.

The demonstrations have attracted the notice and perhaps even sympathy from Ben Bernanke, Mohamed El-Erian, Bill Gross, and even Vikram Pandit. Bernanke said he could not blame them; El-Erian warned that they should be heeded; Gross tweeted that the 99%, as demonstrators call themselves, are “fighting back after 30 years of being shot at” and Pandit said, "Their sentiments are completely understandable." On Wednesday, even Warren Buffett’s son Howard, director of Berkshire Hathaway, defended them.

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