Biden: Wall Street protesters have a lot in common with the tea party

Chris Moody

Vice President Joe Biden likened the protesters who have camped out on Wall Street in New York City to the tea party movement Thursday, citing anger over the federal program that spent hundreds of millions of dollars to bail out private banks in 2008.

"There's a lot in common with the tea party," Biden said at forum in Washington, D.C., when asked about the "Occupy Wall Street" movement. "The tea party started why? TARP. They thought it was unfair -- we were bailing out the big guy."

Agreement between both groups--the tea party and those organizing the Wall Street protests--probably doesn't go much further than that.

"What is the core of that protest, and why is it increasing in terms of the people it's attracting? The core is the bargain has been breached with the American people," Biden said. "The American people do not think the system is fair or on the level."