Occupy Wall Street Finance Report Reveals Money Woes; Press Team Unfazed In Statement

occupy wall street .jpg
Yesterday, NY1 brought our attention to the news that New York's Occupy Wall Street appears to be tight on funds, findings based on on a weekly report for March 2 posted on the New York General Assembly's website. The Accounting Working Group report reads: "at our current rate of expenditure, we will be out of money in THREE WEEKS." According to the report, the general fund contains $44,827.96, while close to $90,000 is set aside for bail money. A member of the accounting group told Reuters: "while we give the dire warning so that people will be conscious and considerate of how we're spending our money, we are still going to be able to take care of our people in the way that really matters - making sure that their bail and their court fees are paid."

Fundraising gathered $1,556 in the week of the report. A total of $14,942 was spent during the week on expenditures including MetroCards, medics and their kitchen.

When we reached out to the Occupy Wall Street Press Team we received the following statement:

Occupy Wall Street (OWS) in less than six months has sparked crucial discussion -- how a small number of people (the 1%) have gotten so much money and power while many others (the 99%) are worried about getting thrown under the bus. OWS is a people-powered movement - people learning what is going on, getting angry and fighting for economic justice.

OWS has enjoyed many kinds of support and donations- everything from food and sleeping bags, couch space, and financial contributions. The help is much appreciated. This is a struggle which doesn't come gift-wrapped or fit on a spread sheet. The bank account will go up and down - we've done a lot with a lot and also done a lot with a little. As Spring approaches there will be more of us out on the streets crying out for economic justice.

A march is scheduled for Occupy Wall Street's six-month anniversary on March 17.

[EstherZuckerman / ezwrites]

Go to Runnin' Scared for all our latest news coverage.


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13 comments
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Bangar
Bangar

Really hope the adults splinter away from the kids.

ForNextGeneration
ForNextGeneration

Where is the website that I can donate to the Occupy Wall Street movement?

Parsley
Parsley

It is unfair that there is not a government program in effect that will pay Occupy Wall Street people to protest. I recommend a National Office of Protester Engagement which will help fund protesters who decide camping in public spaces, rent free, for months at a time is a constitutional right. People have not taken into account that many protesters mothers will not let them get high in the basement or have drum circles in the backyard at 2 o'clock AM, so without parental support how do you expect these folks to live? I say we increase taxes on the 99% to help support the .00005% of the population that makes up Occupy and other such protests. I am sending a box of goods to OWS, clothing and essentials, I started with my dirty socks because I bought new ones.

nextgneration
nextgneration

Where is the website that I can donate to the Occupy Wall Street movement?

Bangar
Bangar

Don't donate.  There's zero transparency and accountancy.  Hold your money for the next wave of people who will account for it, and tell you how they spent your money.  These people don't. 

medical alarm
medical alarm

  this was a really nice post. In idea I would like to put in writing like this additionally – taking time and actual effort to make a very excellent article but what can I say I procrastinate alot and by no means seem to get something completed.

glenn beaton
glenn beaton

Money woes?  Huh.  Seemed like such a great business plan....

Los_Pepes
Los_Pepes

It would be interesting to know how many the put up bail for decided not to show up in court thus loosing the money for the group.

Guest
Guest

"Give us money so we can protest people who want money"  

Guest
Guest

maybe they should get jobs

TWS
TWS

Good.

Jen
Jen

there is no better way to protest than to limit the amount of money you give the government.

www.taxkilla.com

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