Occupy Wall Street Movement Is a Year Old: Did it Change Anything?
Chris D
2012/09/17 19:00:00
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It must get tiring camping out in front of the Stock Exchange and complaining that there are no work opportunities, because the crowds have gone home -- hopefully to a place to live and a job. The campers did have a point though.
The banks caused a huge crisis by repackaging crappy defaulting loans and selling them back to us as mortgage-backed securities and "derivative" investment products. That's a nice magic trick...then once it all blew up, the the politicians used tax payer money (otherwise known as TARP funds) and bailed the bankers out, so they could still get their bonuses. Maybe the bankers who were paying big money to the election campaigns (on both sides) were cashing in their influence? Either way, the whole thing sinks. So maybe we should be able to regulate the financial services industry a bit better so that banks can't defraud America. Isn't that the government's job?
How did the industry ever get deregulated in the first place? Well, the whole cause of this mess can be traced back to when Bill Clinton signed the The Gramm–Leach–Bliley Act, also known as the Financial Services Modernization Act into law in 1999, repealing part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. Voila, the fox was now guarding the hen house, and guess what happened?
So the government causes the problem by letting banks self-regulate their businesses. The Occupy Wall Streeters started with a good high level complaint, but then the cause spiraled into a sloppy self, indulgent mess that became an attraction for petty criminals and anyone looking to cause trouble. Did the movement change anything or was it all just noise?
CNN.COM reports:
The banks caused a huge crisis by repackaging crappy defaulting loans and selling them back to us as mortgage-backed securities and "derivative" investment products. That's a nice magic trick...then once it all blew up, the the politicians used tax payer money (otherwise known as TARP funds) and bailed the bankers out, so they could still get their bonuses. Maybe the bankers who were paying big money to the election campaigns (on both sides) were cashing in their influence? Either way, the whole thing sinks. So maybe we should be able to regulate the financial services industry a bit better so that banks can't defraud America. Isn't that the government's job?
How did the industry ever get deregulated in the first place? Well, the whole cause of this mess can be traced back to when Bill Clinton signed the The Gramm–Leach–Bliley Act, also known as the Financial Services Modernization Act into law in 1999, repealing part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. Voila, the fox was now guarding the hen house, and guess what happened?
So the government causes the problem by letting banks self-regulate their businesses. The Occupy Wall Streeters started with a good high level complaint, but then the cause spiraled into a sloppy self, indulgent mess that became an attraction for petty criminals and anyone looking to cause trouble. Did the movement change anything or was it all just noise?
CNN.COM reports:
Police encircled Lower Manhattan's Zuccotti Park on Sunday as protesters geared up to observe the one-year anniversary of Occupy Wall Street.
Read More: http://www.cnn.com/2012/09/16/us/ny-occupy-anniver...
meanwhile, they have certainly changed the narrative. before they came along it was all, "The debt! The debt!" Now it's, "Jobs! Jobs!"
and when did anyone mention the 99% before they began drawing attention to the rest of us?
and stay tuned. the fat lady ain't sung yet.
Sniff, sniff ..... nope.
There is one 10 miles north and another 10 miles south of my home.
The subprime lending crisis which mushroomed into the current Depression was sown and harvested by George Bush II, who then followed up with a massive bailout program for the irresponsible lenders...right before handing off the whole mess to Obama to handle. At the same time that Mitch McConnell issued instructions to Republicans to obstruct Obama at every term and use every tool at their disposal to deny him a successful presidency.
Though FoxNews and the rest of Rupert Murdoch's media empire is working overtime to sell the GOP narrative that America's plight is all Obama's fault, even poorly informed Americans can sense that's not really the truth. Thus Obama's lead in the polls in spite of the Depression and the conservative mainstream media.
Anyway, you are right. The narrative was changed. And the Occupy protesters changed it.
The only thing Bush did, and I agree it was reprehensible, was not throw everyone of those bastards he could .. in jail.
The only 'thing' you're feeling in the air is the gathering Concervatives sharpening their knives. Nov 06 is going to be Nov 02 ... on steroids.
And I just noticed ........ ~the conservative main stream media~ ???????
Ha,ha,ha,ha,ha,ha,ha,ha,ha,ha...
Meanwhile, here's some media for you, revealing that reality does indeed have a liberal bias, since the reality is that 8 years of the Cheney-Bush administration created and oversaw the subprime lending mess and our current Depression:
More mainstream corporate-controlled media for you below, revealing that facts and reality continue to fail to agree with neoconservative fantasies that the Left wields great power and imposes great misery. The statement only becomes true if you substitute 'the Right' for 'the Left:'
How Bush White House Philosophy Ignored Warnings & Precipitated Mortgage-Driven Global Financial Meltdown (New York Times)
Enjoy that cold splash or truth...or go back to your rubber room ~ whichever you prefer.
You can go get busy researching the origins and drivers of the sub-prime ...... starting at Carter, then to Clinton, then on to Barney Frank, Chris Dodd, Franklin Raines, etc. It's fairly easy to understand. You'll also learn that GW was raising alarms about it. I will agree he didn't do enought to grab those scruffy Democrat gangsters by the neck and throw them in jail.
And the MSM comment? .......... Ah,ha,ha,ha,ha,ha!! Dumby !
What contributed to Fox's enormous popularity was it's non-MSM stances. Fox is unrepentent in presenting conservative points of view as well as liberal. It operates outside of the main stream.
But ... we're getting off track, dumby. The ~Occupy~ movement is a loser-fest and Brietbart (God rest his soul) is post-humously doing the nation and world a great service in displaying what a mealy-mouthed filthy gang of Marxist bitches and bitch-slapped sycophants it is/was comprised of.
(1) I've touched a nerve;
(2) you turn to insults when you have no argument.
I attached that moniker 'in addition' to refuting your absurdities. You may rest assured my nerves are intact and untouched.
I was insulting your obvious belief that a few crumby posters somehow are an adequate substitute for serious debate. Do you understand that salient point?
May I please continue ... or are you going to slap up some crumby dumby piece of photoshopped buffoonery to try and prove the the foundation for and pomotion of the subprime mortgage disaster was not owned 90+% by New Party Democrat liberalism ... on steroids.
And just a question do have something against democracy and liberty?
Rephrase your silly question. You know it's moronic as it stands. You lead with an assumption. Any person involved in marketing or sales knows that as an 'assumed close'. It often works in a sales situation but is disingenuous nonsense in a debating forum.
You've lost; get over it.
I'm certain he could figure that out. You? ... not so much.
Enjoy.
He was answered, just as you say. He just didn't like the answer:
The subprime debacle & global financial meltdown was hatched by the Cheney-Bush administration;
Obstructionism orchestrated by Mitch McConnell from the moment Obama took office has stood in the way of economic recovery and prolonged the GOP-created Depression;
The media are owned and sponsored by corporations, so they therefore are controlled by the beneficiaries of capitalism and corporatism and are pretty much the opposite of liberal in their bias;
Rupert Murdoch will endorse liberalism when Bush and Cheney are working an ice cream stand in Hell.
All Congressional submissions squashed by Harry Reid.
MSM = ABC, NBC, MSNBC, CBS = Socialist hacks.
Sorry that you had to be so wrong.
Do yourself a favour. Grab some popcorn and see something that will open your veiled and crusty eyes.
http://youtu.be/iHcr_8Qgdos
Yet, some believe the blame game, I guess their Momma's never taught them to accept their mistakes and stop blaming somebody, nobody or everybody!
Yep, morons alright!
Not cool and not wanted in our efforts against Marxism in America.