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Bank of England Director: Occupy Was Right on Financial Reform

A top official at the Bank of England has been quoted heaping unlikely praise on the Occupy movement for challenging the financial system over the past year. At a recent event in London, Andrew Haldane, the Bank’s executive director of financial stability, said the call by the Occupy movement to stop financial-sector greed and excess has been "loud and persuasive" on policymakers, leading to a "reformation of finance that Occupy has helped stir." Haldane added that Occupy resonated with large sectors of the public because "they are right."

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