NYPD on Wall Street's bankroll
October 17, 2011 12:46 PM   Subscribe

If you’re a Wall Street behemoth, there are endless opportunities to privatize profits and socialize losses beyond collecting trillions of dollars in bailouts from taxpayers. One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998. It’s called the Paid Detail Unit and it allows the New York Stock Exchange and Wall Street corporations, including those repeatedly charged with crimes, to order up a flank of New York’s finest with the ease of dialing the deli for a pastrami on rye.
posted by trogdole (11 comments total)

This post was deleted for the following reason: Looks like this came up already in one of the open threads. -- cortex



 
I wonder if there's a way to tell PDU officers from ones on regular shifts.
posted by rhizome at 12:54 PM on October 17, 2011


I wonder if there's a way to tell PDU officers from ones on regular shifts.

Bigger rings and golder chains.
posted by Blazecock Pileon at 12:57 PM on October 17, 2011


The article references them being in white shirts. I haven't been paying attention to the photos from OWS, so I don't know if that's foolproof or not.
posted by trogdole at 12:58 PM on October 17, 2011


Fuck this Earth. I want off.
posted by beaucoupkevin at 12:58 PM on October 17, 2011


To be completely honest, I'd rather have corporations hiring trained cops at $41/hour than rent-a-mall cops at minimum wage. The corporations in question aren't going to go sans-security just because the city eliminates the program; at least cops are trained in legal restrictions on security officers. In addition, it makes the city some side cash. Unless the program costs the city more than it makes in revenue (which so far as I can tell from the article is not the case), what's the problem?
posted by saeculorum at 1:01 PM on October 17, 2011


And by "rent-a-mall cops", I really meant "rent-a-cop mall security officers".
posted by saeculorum at 1:01 PM on October 17, 2011


The Occupy Wall Street protesters should pool together some money and hire a few Paid Detail cops for a few hours at a time to protect themselves from Wall Street's Paid Detail cops.

Who wouldn't want to see some NYPD vs. NYPD action?
posted by dbscissors at 1:02 PM on October 17, 2011 [7 favorites]



The article references them being in white shirts.

I really picked the wrong time to read The Windup Girl.
posted by The Whelk at 1:03 PM on October 17, 2011


How is this different from the widespread practice of hiring an off-duty cop in uniform to manage traffic at a private construction site or to work a security detail at Wal-Mart?

I'm not saying this isn't something we shouldn't be concerned about. I'm just trying to understand if this is different than how off-duty cops have been hired by private enterprises for a long time.
posted by grouse at 1:03 PM on October 17, 2011


Who wouldn't want to see some NYPD vs. NYPD action?

Careful there. Rule 34.
posted by loquacious at 1:03 PM on October 17, 2011 [1 favorite]




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