Foreclosures are Making the ‘fat cats’ of Wall Street Wake up to Realities

Foreclosures are making the ‘fat cats’ of Wall Street wake up to the reality that their public image needs brushing up. A rally highlighting their plight was organized during the lunch hour in the plush office premises of John Thomas financial – an investment house or recent entry. The idea of launching an organization above party colours (restorewallstreet.com) was the brainchild of Thomas Belesis the CEO of John Thomas.

Belesis started off by making the right noises. He said, “Due to recent events, we must heed the clarion call for change.” Next to speak was A. Blakeman, a lawyer from Long Island running for the Senate. He said, “My friends, we can’t kill the goose that laid the golden egg.” Essentially the so-called rally turned out to be Blakeman’s press conference. Prior to the beginning of the rally Belesis said that idea had dawned to him about a month ago after hearing “the repeating, relentless attacks on Wall Street.” He said, “I want the people who work on Wall Street to be heard.”

The chief market analyst of John Thomas, Wayne Kaufman referred to the abusive and “infantile language of alluding to them as “fat cat bankers” coming from the President was a cause of concern. He said, “At the end of the day we’re citizens of United States too.”

Right now operations of the new organization remain vague. Belesis said they would put up events and signs. Todd Shapiro, a public relations official lending a helping hand said, “It’s going to be like a Chamber of Commerce and put bull for Wall Street.” Shapiro added that it would not restrict itself to replying only to the White House. He said, “If someone in the middle of Minnesota says something bad about Wall Street, we will respond.”

They were of course all walking on thin ice because the Wall Street characters were not thought of as deprived or ill treated by any group. The rally did not display any anger.

The Managing Director of Alternative Investments of John Thomas was 45 year old David Hilton. He smoothly said that he was very much happy with what he had come to know about the new organization. He reiterated that he was not angry. He said, “I’m concerned. I think anger is a misused word. Negative thoughts never seem to get me anywhere, so why start now.” When he was asked about who should sympathize with this rally and its cause he quipped, “That’s a good question. I don’t know.”

Another broker, Jonathan McHale replied when asked whether he felt like a fat cat, “”I fell like a strong cat.”