Money

Former Banker Launches 'End Occupy Wall Street' Website

| by Michael Allen

Former banker and current Republican Senate candidate Tom Leppert has launched a website, EndOccupy.com, which blames young Americans and their supposed “false sense of entitlement” for the country’s current economic crisis.

Leppert formerly served on Washington Mutual’s board of directors, which incurred the biggest bank failure in the history of U.S. based on a series of bad loans. Washington Mutual was later seized by the U.S. government and sold to JPMorgan Chase.

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On his web site, Lippert states: "The Occupy Wall Street crowd represents the same flawed values that got our country into this economic mess. They possess a false sense of entitlement and think they should be receiving government handouts and run up the debt on an imaginary credit card by making hard-working Americans and future generations pay for the bill.”

His web site also asks for petition signatures, which will be sent to President Barack Obama, calling on him to denounce the Occupy Wall Street protests.

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Leppert, who’s running to replace Sen. Kay Bailey Hutchison (R-TX), was one of the last chairmen of Washington Mutual’s audit committee, before the company earned the title of largest bank failure in U.S. history, which cost shareholders $63 billion.

As a candidate for U.S. Senate, one of Leppert’s largest campaign contributors includes the financial services and advisory firm Ernst & Young.

Leppert’s campaign platform includes ending Social Security by transforming it into savings accounts held by private banks and turning Medicare into a coupon program that forces seniors into the private insurance market.

Leppert has also proposed making every state in the U.S. a “right to work” state, where public unions would be forbidden, new employees in unionized industries would not be compelled to join unions and employers could fire their workers for virtually any reason at all. A picture of Leppert: