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NYPD Makes Arrests in Protests

NEW YORK ( TheStreet) -- Several Occupy Wall Street protesters were arrested Friday morning in a bid to march toward the core of the Financial District.

"There were persons taken into custody," the New York Police Department told TheStreet, later stating that 14 people were arrested.

The protesters had avoided a major confrontation with authorities over their camp site near Broadway -- Zuccotti Park -- after the city postponed a cleanup of that space.

Hundreds of protesters erupted in victory cheers after it was announced that the park's owner -- Brookfield Properties -- would not move ahead with a 7 a.m. Friday deadline to clean the park.

City police had warned that the protesters, dampened after an evening of torrential downpours, that they would be forcibly removed and not allowed to return with camping equipment after the cleaning.

Following the announcement by Brookfield, there was a sense of elation and euphoria. Many protesters wearing various union T-shirts returned to work while others moved from the park to the nearby Sprint (S) store in order to queue for the new Apple (AAPL) iPhone 4S.

However, after declaring victory, scores of protesters decided to form a march down Broadway. Several hundred Occupy Wall Street protesters could be seen passing Trinity Church singing We're Not Gonna to Take It, the 80's glam-metal rock anthem, in an obvious reference to nearby New York Stock Exchange.

Marchers later confronted police lines near Beaver Street, where the New York Post reported police arrested at least eight people after a "throng of protesters flipped over a police scooter on Broadway."

"This morning Occupy Wall Street has shown their courage and their commitment to continued legal occupation and a continued demand for economic justice," said Strong Economy for All Coalition Executive Director Michael Kink in an email statement. "Brookfield, Mayor Bloomberg, Speaker Quinn and State Senator Dan Squadron deserve credit for working towards a solution that protects the park, the local community and the First Amendment."

What is the point of the Occupy Wall Street protest and similar demonstrations?

Inequality. The rich add zeroes to their bank accounts while others cope with debit card fees.
Jealousy. Class warfare and income redistribution. The protesters don't want to work, they just want a free ride.
Economy. It's tough to find a job out there, especially if you don't have one.
Politics. The right has its Tea Party and now the left has Occupy Wall Street.
Greed. Banks and other corporations crashed the global economy in 2008 and then dined at the taxpayer bailout trough.
Educational system. Many have massive student loan debt but no jobs to help pay that off.
All of the above.

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