Haircuts with a message in Zuccotti

[media-credit name=”Downtown Express photo by Joseph M. Calisi” align=”aligncenter” width=”600″][/media-credit]On Monday, Oct. 24 there was a new contingent of demonstrators taking up space in Zuccotti Park: barbers.

The term “haircut” is common in the banking industry and refers to banks or other lenders decreasing a borrower’s debt by adjusting the terms of a loan. At Occupy Wall Street on Monday, Oct. 25, six barbers set up chairs to give free haircuts. Their message was to tell Wall Street to stop giving “haircuts” to large corporations. The six chairs represented the six largest banks: JPMorganChase, Bank of America, Citibank, Wells Fargo, Morgan Stanley and Goldman Sachs.