Occupy Wall Street spreads to Princeton

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The protests of recruiting events at Ivy League schools, which have typically been feeder schools to top Wall Street firms, moved to New Jersey last week.

Occupy Princeton disrupted two events, one by JPMorgan Chase, the other by Goldman Sachs. According to the school paper, protestors at the J.P Morgan event, "cited lending practices that ‘helped crash our economy,' eviction of ‘struggling homeowners while taking their tax money' and support of ‘mountaintop removal mining in Appalachia, which destroys our ecological future.' At the Goldman Sachs event on Thursday, the occupiers modified the mic check speech to pertain to Goldman Sachs specifically, including condemnations of ‘imposed commodity markets' in 2007 and 2008 that ‘contributed to the global food crisis with a quarter million people starving.'"

I am still not sure what to make of the university protests. It's unclear if the protesters represent the views of a majority of students, some of whom hold fairly fairly nuanced views about Wall Street. There will always be a socially conscious percentage of the student population and some students would have never considered a job on Wall Street in any case. That segment is usually not as vocal as it is now.

The real change may be the reduced opportunities for students who want to work on Wall Street. The job spigot is not rushing like it used to be. While there will be plenty who are still lusting for a job with a top Wall Street firm, not everyone will land their dream job. And that's sort of sad in itself. That just prompts them to widen their field of vision to consider other productive careers, which may end up being a good thing.  

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