Occupy L.A. marches through downtown; MoveOn to protest too
But the management consultant said she felt compelled to join hundreds of Occupy Los Angeles activists who took to the streets of downtown Saturday morning to protest what they see as greedy Wall Street bankers and the government's inability to ease a rising inequality in wealth.
"I feel like we're back in the Roaring '20s and moving toward the Great Depression,'' said Teller, wearing a short-sleeved flowered shirt and a sensible sun hat. "We need more regulation of our financial sector and remedies that help people, not banks."
Hundreds of marchers set out from an encampment at City Hall and moved south along Spring Street shortly after 10 a.m., carrying signs such as "Get Money Out of Politics" and "Corporations are Not People."
Most were younger protesters in their 20s and 30s who have set up camp outside City Hall for two weeks in support of the larger Occupy Wall Street movement in New York City. The Los Angeles protesters planned to gather in Pershing Square for a rally before moving farther south toward the city's financial district.
A second anti-greed protest, organized by the progressive MoveOn.com group, is expected to take place later Saturday.
Teller drove to the downtown area with about 20 other gray-haired members of Valley Grassroots for Democracy, a left-leaning organization that supports democratic causes. Steve Krantz, 64, said he joined the marchers because Wall Street bankers, politicians and lobbyists have corrupted the political system to favor the ultra-rich.
"We need some corrections in our country, that's why I'm here,'' said Krantz, a retired IBM executive. "I'm part of the 99%."
-- Catherine Saillant
Photo: Protesters rally in downtown Los Angeles on Saturday. Credit: Rick Loomis / Los Angeles Times