
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...
Top Opinion
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And that doesn't include the beatings and thefts that occurred.
The guy s****ing on the police car - was he not connected either?
These people were the face of OWS, like it or not.
The entire Occupy movement was a pathetic attempt to merge the pseudo-pacifism of 1960's with the New Age group-think of today and belive that public posturing and "love" will defeat Wall Street. Certain talk show hosts get the people all whipped up in anger but then pull in their claws and saying that it's all about "infowars" and "standing up" and "running for city council" and other useless platitudes that avoids the real solution.
The ONLY ONLY ONLY ONLY time that Elites and their legates EVER responded to public anger was when their lives were taken by force as punishment for their wickedness! The bloody fights and strikes of union labor in the early 1900's laid the foundation to make possible what we used to enjoy. Some of those thing we still (barely) ...
The entire Occupy movement was a pathetic attempt to merge the pseudo-pacifism of 1960's with the New Age group-think of today and belive that public posturing and "love" will defeat Wall Street. Certain talk show hosts get the people all whipped up in anger but then pull in their claws and saying that it's all about "infowars" and "standing up" and "running for city council" and other useless platitudes that avoids the real solution.
The ONLY ONLY ONLY ONLY time that Elites and their legates EVER responded to public anger was when their lives were taken by force as punishment for their wickedness! The bloody fights and strikes of union labor in the early 1900's laid the foundation to make possible what we used to enjoy. Some of those thing we still (barely) have, like 40hr work weeks, Medicare, Medicaid, unemployment, food stamps, SCHIP, traditional pensions, are declining rapidly. It wasn't Dr MLK that the Elites feared but Malcolm X and Stokely Carmichael! Not ONE white elite would DARE take on Louis Farrakhan today in a moderated debate! Too bad whites are so castrated that we FEAR adopting our own version of those civil rights fighters for ourselves albeit for a class-based struggle against the 1%
We The Slaves KNOW that there is no Due Process remaining and that The System will NEVER allow us to regain control peacefully. We KNOW it will take 10,000 Robespierres and 10,000 guillotines to cleanse us of the elite parasites. Problem is that, unlike the French and American Revolutions, we do not have the repository of Great Minds to call on to guide us in such an overhaul and restoration. The 99% don't know about the Magna Carta, Peace of Westphalia, Social Contract, U.S. Constitution, abolition of corporal slavery, and the New Deal. The last one which never reached its perfection because FDR did not live to see his Economic Bill of Rights introduced into Congress; let alone be signed into law. The U.S. would have achieved what mankind has sought for centuries had FDR's Economic Bill of Rights been codified. We would have been the America our ancestors longed to see instead of the disgusting tyrannical toilet we've become.
Occupy deserves nothing but CONTEMPT and SCORN for its fecklessness. I suppose it MIGHT be possible to replicate what has been done by Alexis Tsipras and SYRIZA Bloc in Greece. Instead of pathetic posing, an American version of SYRIZA would have clear class-based DEMANDS and a PROGRAM that restores what's been robbed from us over the past 30-40 years. All of that requires the American Lumpenproletariat to be knowledgeable and AWARE about a great many historical things in order for such a movement to live and breathe. But, our social fabric is not woven to carry such conversations amongst ourselves and, BTW, Dancing With The Stars will be on! I'll let Sean Hannity worry about Occupy for me!
sanne DeWitt
....but this is all Bush's fault right? ....nope. Not all of it, my OWS idiots.