Occupiers target Wall Street on group's one year anniversary CEO John Tabacco on movement


This is a rush transcript from "Your World," September 17, 2012. This copy may not be in its final form and may be updated.

NEIL CAVUTO, HOST OF "YOUR WORLD": This isn't abroad. This is here. One year older, not necessarily one year wiser, because while those Occupiers were back, their muddied message remained just as confusing, but just as loud, out in force trying to shut down Wall Street today, targeting big banks like HSBC and the New York Stock Exchange itself, prompting more than 100 arrests and indications this hour they're far from done, the protests expected to continue well into the evening.

Get ready. The 99 percenters are just getting started.

Welcome, everyone. Glad to have you. I'm Neil Cavuto.

And the Occupy Movement is doing its best to be the shutdown movement on Wall Street today. It did not work because the folks who trade stocks, well, they still traded. Business as usual inside, amid the streaming and often screaming protesters outside.

My next guest says Wall Street wasn't fazed because Occupiers message wasn't resonating. And John Tabacco should know. He works on Wall Street and he and his brother famously held their own memorable counter protest demanding Occupiers occupy a desk. They tried to hire and not a single taker.

John Tabacco back with us right now.

How was it down there today?

JOHN TABACCO, CEO, LOCATESTOCK.COM: Neil, today, it was a walk in the park, literally.

I went down to Zuccotti Park. And last year at this time, as you know, we went out there and we tried to hire some Occupiers and we tried to make at least a counter protest, to maybe give them an idea about getting a job rather than sleeping in a park.

And we met tons of resistance last year. This year, I strolled right through the park, got some snide remark about not having my 99 percent uniform on, but other than that, it was, like, the old toothless dog on the porch. A lot of barking.

CAVUTO: Well, whatever happened when you and your brother were trying to hire some of the protesters there? Other Wall Street guys were trying to do something similar. To a man or woman, they reported it was tough to find people to come up and even apply.


We held a job fair right in the middle of the park and I think that was one of the best tactics Mayor Bloomberg ever saw as far as clearing the park because there were hardly any takers. And then there were actually a few people that came in and gave their resumes and we set them up with interviews, but to no avail, Neil. None of them met muster. None of them showed up for their appointments.

The one or two that did showed up kind of shabbily dressed and unprepared maybe to mock us or whatever it was, but they weren't really in the market for a job.

CAVUTO: So, what do you think then, as now, their protest is about?

TABACCO: Neil, in the beginning, when this started, I felt like it was good that they energized some people if they had a single message.

And the single message should have been that we need our federal policies to change and let that trickle down to better bank regulation. Their message became fragmented. Their message became a left-wing liberal zealot message.

And I think, as it stands today, and I tried to speak to a few people, they still don't have a message. And when you have a protest and you have a message, you get a result. Its one year later. They haven't demonstrated a single result, other than costing New York City and other municipalities a ton of dough putting their cops and sanitation men out in the street to protect these people and then clean up after them.

So, to me, I haven't seen any change in the message, nor a single, focused message.

CAVUTO: Do you think anything changed? You mentioned the numbers a few months back, even a year ago, versus now. It's obviously not the group and the force it was. What do you think happened?

TABACCO: I think what happened was it got too fragmented, and the people that came out with the core message that were trying to get at the federal policies that allowed too-big-to-fail to happen, those people kind of got muffled out by this larger, fragmented message.

And when you go down there now, it looks like a collection of Woodstock veterans and homeless people. And they're kind of just holding up cardboard signs. But...

CAVUTO: But they wanted to make Wall Street the focus because the argument was then, as I'm sure it was today, the source of all these bailouts, bigger bailouts than the auto industry ever enjoyed, bigger rescues than any other group enjoyed. So Wall Street is the bane of our existence.

Did you ever think that mustered anything?

TABACCO: No. I don't think it mustered anything at all.

In fact, I gave or at least tried to give some advice to the Occupiers that what they needed to do was point their message at the federal policies that allow the too-big-to-fail and the bank blowups.

CAVUTO: What did they say to that, this is government, not us?

TABACCO: What they say is these are the bad guys. Meantime, probably 85 percent of the people that work in the Wall Street area are regular middle-class working people going to their desk jobs, making a living, living paycheck to paycheck.

They're not the people that are allowing these things to happen. You have Barack Obama's number one fundraiser, Jon Corzine, whose company could not find $1.5 billion and no one is pointing the spear at the president and saying, why are these federal policies still allowed to continue?

But they're pointing out regular working people down on Wall Street. And I think, to be honest with you, it's good for them, let them have their day in the sun for their nothingness, but it seems like this whole movement is just washing away, Neil.

CAVUTO: All right, thank you, John Tabacco.

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