NEW YORK – Concerns over Wall Street practices and economic inequality that have led to sit-ins and rallies in New York and elsewhere reverberated up to the White House on Thursday, with President Barack Obama saying the protesters are expressing the frustrations of the American public.
Thousands of protesters, including many in union T-shirts, marched the day before in lower Manhattan, joined by labor leaders who say they will continue to support the protests with manpower and donations of goods and services.
The protests have slowly grown in size and attention over more than two weeks, with the president’s acknowledgment at a news conference a sign they might be jelling into a political movement.
Obama said he understood the public’s concerns about how the nation’s financial system works and said Americans see Wall Street as an example of the financial industry not always following the rules.
“It expresses the frustrations that the American people feel that we had the biggest financial crisis since the Great Depression, huge collateral damage all throughout the country, all across Main Street,” the president said. “And yet you’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that
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