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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:
Police encircled Lower Manhattan's Zuccotti Park on Sunday as protesters geared up to observe the one-year anniversary of Occupy Wall Street.
park sunday protesters geared observe one-year anniversary occupy wall street

Read More: http://www.cnn.com/2012/09/16/us/ny-occupy-anniver...

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  • Steven Hahn 2012/09/19 03:21:34
    No
    Steven Hahn
    +2
    The rich get richer and the poor continue to get poorer. The greedy moguls of Wall Street could care less about you, me, or the Occupy movement. We are, and will remain, fodder for their factories and schemes. To think otherwise is to be delusional.
  • Scott W... Steven ... 2012/09/19 03:33:23
    Scott Wolfe
    Awww Steve; do you want a check from them. Are you mad because they had the disipline and smarts to get rich and you didnt.
  • Tiltawhirl 2012/09/19 03:20:53
    No
    Tiltawhirl
    +1
    Just noise.
  • libertybelle 2012/09/19 02:55:44
    No
    libertybelle
    All they managed to do is to show their backsides and prove to what extent the worthless among us will go to get a handout...this should be a dire warning to all those of us that still are working for a living and paying taxes..with Soros money behind Obama and his Occupy minions..someday this crowd of do-nothings could be living in our houses telling us what to do...be very careful how you vote..please.
  • gitmogreg 2012/09/19 02:51:26
    No
    gitmogreg
    +2
    Agree with them or not, it didn't change anything like the tea party did
  • victoria 2012/09/19 02:45:39
    No
    victoria
    Why, a parent got to do what needs to be done; a dean or principal of a school gotta do what needs to be done; leaders of countries gotta do what needs to be done.

    In life, as well as managing a country or a business, no one can satisfy everybody - you just gotta do what needs to be done for the best of the country, or the business. It might go awry sometimes, but hey.. you will never know what works best if you don't try.

    It's just, LIFE....
  • Doctor 2012/09/19 02:44:17
    No
    Doctor
    But I wish it did change something
  • al 2012/09/19 02:42:42
    Yes
    al
    +2
    It drew attention to the fact that Reagunomics also known as the "trickle down theory " does not work. In essence We sent Our hard earned money up hill to the fat cats that were supposed to make the jobs..wheres the jobs? Willard sent the jobs where?
  • gitmogreg al 2012/09/19 02:53:22
    gitmogreg
    +2
    Drivel
  • Scott W... al 2012/09/19 03:34:47
    Scott Wolfe
    +1
    Obama Keysian economics is just working great; isnt it?
  • Stratwe... al 2012/09/19 04:19:33
    Stratweenie57
    Al,your density is showing. Did you ever get a job from someone who had less than you? Think.
  • MikeB al 2012/09/19 04:20:41
  • thє вlu... al 2012/09/19 13:30:33
  • Jon Bergen al 2012/09/19 18:30:00
    Jon Bergen
    Some of those responding to your comment, due to being busy not paying attention to reality, are able to believe in Reagan's 'trickle down economics'...

    responding comment busy paying attention reality reagans trickle economics

    responding comment busy paying attention reality reagans trickle economics

    responding comment busy paying attention reality reagans trickle economics

    responding comment busy paying attention reality reagans trickle economics

    responding comment busy paying attention reality reagans trickle economics

    ...at the same time that the people in society who record facts HAVE been paying attention...

    reality reagans trickle economics people society record facts paying attention
  • mama sew,gung ho 2012/09/19 02:32:21
    Yes
    mama sew,gung ho
    +1
    It was a lesson in Democracy!The first amendment was exercised,and will continue to be by the 99%ers,as well as the Birthers,Tea Baggers,Swift Boaters,Super SugerDaddy SuperPacs,Libertarian,Peace,and Freedom Party,Green Peace...ya see where I'm gonin!
  • Mindi 2012/09/19 02:22:57
    No
    Mindi
    +4
    They proved that human beings are able to live like pigs in the middle of a city.
  • thє вlu... Mindi 2012/09/19 13:32:23
  • Torchmanner ~PWCM~JLA 2012/09/19 02:01:43
    No
    Torchmanner ~PWCM~JLA
    +4
    It exposed the entitlement OWS crowd for being the communists that they are.
  • DANTE d... Torchma... 2012/09/19 07:14:17
    DANTE da DESTROYER
    Wow the cold war is still present in America? Watch out for the Red's!!! They'll brain wash you! WOW!
    Can you show me anything legit that attaches "them/they" to a Communist Party or sect?
  • Divided States of America 2012/09/19 02:01:03 (edited)
    No
    Divided States of America
    +1
    It did as much good as the Tea Party protests. The Tea Party protests made more sense than Occupy Wall Street, however both are opaque. We will always have high taxes and corporate greed, as they are the cornerstone of our society.
  • Boss 2012/09/19 01:55:20
    No
    Boss
    +1
    shows you need organization more than anything else...
  • Odinsown 2012/09/19 01:43:25
    Yes
    Odinsown
    +3
    It changed the conversation. It showed the ugly teeth of the police state, Occupy did a lot of good things. I disagree with the politics of the movement but they made an impact.
  • raine1200 Odinsown 2012/09/19 04:37:07
    raine1200
    Those occupiers ruined every spot they were camping in. Police had to clear them out so each city could resume clean safe conditions. They were nothing but squatters and should have kept themselves on wall street if that was the grip
  • Odinsown raine1200 2012/09/19 04:56:51 (edited)
    Odinsown
    +2
    They did ruin places they camped, they ruined a park here in my town. The police did clear them out, often using measures much too extreme, injuring people, nearly killing a marine, pepper spraying people who weren't harming or threatening violence, assaulting students at UC Berkeley who weren't in the least violent, resorting to lies in order to arrest people.

    They did however change things for many Americans, the occupiers started conversations about banking practices, the education bubble, drone strikes, surveillance, use of "necessary force" by police, and many other subjects. The movement was flawed, the politics behind the movement were flawed, but not everything to come out of occupy was negative.
  • Airhead Odinsown 2012/09/19 07:55:36
    Airhead
    +1
    Finally, someone else who sees the much broader picture.
  • Prophet 2012/09/19 01:42:42
    Yes
    Prophet
    The landscape.
  • ajracestables1 2012/09/19 01:35:28
    No
    ajracestables1
    +2
    It confirmed how stupid people can really be.
  • Paige 2012/09/19 01:31:56
    No
    Paige
    +2
    Whining little liberal wackos never change. They do however need a bath and clean underwear.
  • DOriginalDonald 2012/09/19 01:27:37
    No
    DOriginalDonald
    +3
    We still have 8% unemployment and a continually worthless dollar
  • Roger 2012/09/19 00:58:13
    No
    Roger
    +3
    I gurantee these people are being supported by the goverment, because it would take millions of dollars to be able to survive by doing nothing for a year and they oppose millionares sooo they are not supporting them so that leaves tax payer money.
  • mike br... Roger 2012/09/19 01:14:31
  • seadog6608PWCM 2012/09/19 00:57:25
  • mike br... seadog6... 2012/09/19 01:14:52
  • seadog6... mike br... 2012/09/19 11:43:29
  • Chokmah 2012/09/19 00:42:00
    No
    Chokmah
    +1
    There are only a couple of ways to change the country:

    A critical mass of rebellion is the only chance for a profound confrontation with the governance hacks, which serve the interests of the elites that restrain the debate to meaningless subjects. Distraction from essential elements for reclamation of our birthrights is the master component used by the power cabal to keep people entertained in their self-induced stupor.
  • Jon Bergen Chokmah 2012/09/19 17:29:11 (edited)
    Jon Bergen
    +1
    Very true.

    Distract us, the citizens ~ in their view, 'the mob,' 'the rabble,' 'the peasants' ~ with small issues while the large ones are ignored. Divide the citizens into factions using often phony issues, set them at each other's throats, keep them bickering. Also, as the Romans said with admirable brevity: Bread, circuses and wine. Keep us supplied with cheap food to prevent riots, keep us occupied with cheap staged entertainments, and keep us drugged. The term may not have existed as such in ancient Rome, but the patricians were absolutely determined to keep the citizenry as sheeple.

    The model implemented by the Roman Empire has been tweaked a bit here and there since then, and upgraded with remarkable improvements in technology, but otherwise has not changed very much.

    model implemented roman empire tweaked upgraded remarkable improvements technology changed

    model implemented roman empire tweaked upgraded remarkable improvements technology changed

    model implemented roman empire tweaked upgraded remarkable improvements technology changed

    (If you have the time and desire, this page is an informative guide to where we are now...and where we are going.)
  • Rod 2012/09/19 00:38:08
    No
    Rod
    +2
    No it did not except to show how ignorant and debase some people can be.
  • JET 2012/09/19 00:22:24
    No
    JET
    +3
    They are just well funded (George Soros) fools.
  • Insanebane 2012/09/19 00:20:13
    It changed some things
    Insanebane
    +1
    Somewhere along the line it did...Probably.

    If fists, rocks and nightsticks didn't go flying
    everywhere it's a start.
  • Maize and blue 2012/09/19 00:05:41
    Yes
    Maize and blue
    it changed people who didnt have a criminal record into having one lol sorry i couldnt help it lol

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