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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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  • science28 2012/09/19 00:03:36
    Yes
    science28
    +4
    It showed that someone is paying attention to the fact that the corporate elite is screwing the rest of us.
  • lorrie science28 2012/09/19 00:52:52
    lorrie
    +1
    you saw the truth to, now what the hell is wrong with everyone else?
  • mike br... science28 2012/09/19 01:16:55
  • Bureauc 0webama 2012/09/19 00:03:02
  • Stan Kapusta 2012/09/18 23:52:43 (edited)
    Yes
    Stan Kapusta
    +1
    It showed that it's citizens weren't afraid to protest. Boneheads are everywhere. Best of all the banksters can get caught.
  • mike br... Stan Ka... 2012/09/19 01:17:48
  • Stan Ka... mike br... 2012/09/19 02:58:16
    Stan Kapusta
    True!
  • lill 2012/09/18 23:43:14
    No
    lill
    +1
    It could have changed something, if anyone ever really understood what they stood for and what they were trying to accomplish. Most of the country had no idea what the Occupy Movement was doing.
  • Denis B 2012/09/18 23:42:29 (edited)
    No
    Denis B
    The best that can be done is to open a small business and apply it to reach other goals. All the Occupy Wall Street movement did was to demonstrate how inefficient at management the social class which runs our country has become. Let's see what happens after a decade or two. I propose to give the power to the Federal government to create employment and tax, tax, tax Wall Street. Create massive public works , for example: The Grand Coulee Dam, revamp our airports and infrastructure. Why would any American with a half a brain want to live in New York City? As an immigrant once told me, "New York City is only for Americans who don't know how to do anything". Unless a person has a six figure annual income in NYC, why stay? Even with a six figure income, what about all of the jealousy and panhandling that a person has to support? Many organizations in a variety of countries are hiring people with the proper skills. Any young person should be trying to get a college degree. That is the most patriotic thing that they can do for themselves and our country. Molly the riveter
  • waterlady 2012/09/18 23:42:27
    No
    waterlady
    +1
    It hurt the small business owners.
  • SimianSays 2012/09/18 23:34:44
    It changed some things
    SimianSays
    +3
    Hopefully, it may have changed people's perception of what effect their voices and positions really have. IF you are not from the ultra-privileged class, THEN you are merely a chess piece, used for whatever purpose suits their strategy, be it pawn, rook, bishop, etc., depending on your potential; are you beautiful? Then you can make an excellent living as a supermodel... Can you sing exceptionally well? Then you can become a pop star. Are you able to swing a golf club, baseball bat, tennis racket, etc. with precision? Then you are able to find yourself among the overcompensated...The list goes on.
  • mike br... SimianSays 2012/09/19 01:23:02
  • SimianSays mike br... 2012/09/19 05:18:26
    SimianSays
    +2
    Remove the word LIBERAL and you just might have a point.
  • Diana Rice 2012/09/18 23:32:22
  • me 2012/09/18 23:27:56
    It changed some things
    me
    +3
    It helped raise awareness among some that the financial crisis was actually caused by fraudulent practices at very high levels on "Wall Street" and in the financial instrument trading industry, and I think it led to more prosecution of those practices than we might otherwise have seen take place as well as investigations of others...and there ARE others. That was the initial purpose of the OWS, to demand accountability of those who stole billions of dollars, worldwide in the mortgage derivatives scams, mostly from peoples' pension funds or retirement funds. They have become diversified, , have branched out, dealt with other issues. Gotten disorganized sometimes, gone off on tangents, attracted some wingnuts, got off track, been stymied, been ridiculed and sometimes, admittedly, stood up for the ridiculous. But the core seems to remain focused enough and stable enough to keep coming back and coalescing around some new and pretty important issue. If you don't think some big bank stealing from your pension fund is an important issue, ah well. We disagree. LOL.
  • texasred 2012/09/18 23:26:38
    No
    texasred
    +1
    Except the lives of those that were raped or murdered and the locations that they trashed.
  • science28 texasred 2012/09/19 00:05:10
    science28
    +2
    No rapes or murders were committed by the Occupiers.
  • texasred science28 2012/09/19 00:15:16
  • lorrie texasred 2012/09/19 00:54:25
    lorrie
    +1
    they weren't connected to OWS,
  • texasred lorrie 2012/09/19 01:06:24
    texasred
    +2
    Yes... they were.
  • gitmogreg lorrie 2012/09/19 03:00:55
    gitmogreg
    Where'd they happen? At OWS. They might not have been "connected" but they certainly were there as a part of the movement.
    The guy s****ing on the police car - was he not connected either?
    These people were the face of OWS, like it or not.
  • Cat 2012/09/18 23:25:25
    Yes
    Cat
    +2
    It changed municipal police and sanitation expenses in many cities.
  • Splinter76 2012/09/18 23:20:36 (edited)
    No
    Splinter76
    For everything it wanted to change, it doesn't seem like it did anything at all. P.S. - That picture with them in the circle just makes me laugh so hard. Seems so silly.
  • Larre 2012/09/18 23:19:05
    Yes
    Larre
    +1
    Indeed..
  • dog 2012/09/18 23:10:26
    Yes
    dog
    No camping laws
  • Warfinge 2012/09/18 22:49:49
    No
    Warfinge
    +1
    The point of Occupy IMHO was to drown out the Tea Party. That wasn't hard because the Tea Party was pretty mellow anyway. I feel like this was a sponsored protest by the DNC and it brought out the worst in the protesters. I think they would have been more impressive if they had started with an concrete agenda. Civil disobedience combined with no particular goal made Occupy look pretty stupid early on. Later as they grasped for reasons for their "movement" they looked even more dodgy. In the end, they only contributed debt to already cash strapped municipalities and made people angrier at their unemployed butts. Booo!
  • Tennessee3501 2012/09/18 22:43:28 (edited)
    Yes
    Tennessee3501
    +1
    Because of the Occupy Wall Street movement, those of us who remember the hippie culture of the 1960's have been able to experience "de je vu all over again." LOL !
  • lorrie Tenness... 2012/09/19 00:54:55
    lorrie
    +1
    peace and love and flowers
  • Tenness... lorrie 2012/09/19 19:24:17
    Tennessee3501
    +1
    And bare feet!
  • kellendunk 2012/09/18 22:40:56
    Yes
    kellendunk
    +1
    When the protests started we were talking about deficit reduction and looking at harsh austerity measures. Now we're talking more about the disparity between the super wealthy and everyone else. They changed something, they changed the topic of discussion.
  • gitmogreg kellendunk 2012/09/19 03:02:49
    gitmogreg
    We are $15-$16 trillion in debt. Like it or not, Austerity and deficit reduction are all we should be talking about.
  • Jennifer Maesner 2012/09/18 22:38:06
    Yes
    Jennifer Maesner
    +2
    Yes. It brought to to light just how many idiots think they're entitled to someone else's money while they sit on their asses, not paying any income tax, insisting that everyone else pick up the slack they created all on their own. And yes I know that's a run-on sentence.
  • Jim 2012/09/18 22:34:44 (edited)
    No
    Jim
    The entire paradigm of "non-violent" protest is a proven failure. Protest ONLY matters IF the people have the RAGE and WEAPONS to back their displeasure. There is a reason why Dr. MLK has been whitewashed and packaged into this ultra-pacifist who only preached flowery sermons of, "I Have A Dream..." There is a reason why the Elites saturated the public conscience with Gandhi and his passive approach to tyranny. An approach that ONLY worked in India and ONLY because the British Empire was exhausted from two world wars.

    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 paradigm of "non-violent" protest is a proven failure. Protest ONLY matters IF the people have the RAGE and WEAPONS to back their displeasure. There is a reason why Dr. MLK has been whitewashed and packaged into this ultra-pacifist who only preached flowery sermons of, "I Have A Dream..." There is a reason why the Elites saturated the public conscience with Gandhi and his passive approach to tyranny. An approach that ONLY worked in India and ONLY because the British Empire was exhausted from two world wars.

    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!
    (more)
  • baboula 2012/09/18 22:14:12
    No
    baboula
    +2
    other than show how the protesters were either criminal or useful idiots
  • Adam 2012/09/18 22:09:33
  • gitmogreg Adam 2012/09/19 03:03:35
    gitmogreg
    Too bad you didn't do that
  • Jeffrey Hardin 2012/09/18 22:07:50
    No
    Jeffrey Hardin
    +3
    Suffered a lot of folks and showed their arrogance and childishness is all. Here in the South that would have gotten them a well deserve butt kicking, especially defecating in peoples yards and in front of store fronts. Yea, I would definitely say they changed nothing because of their own debauchery...
  • Susanne DeWitt 2012/09/18 22:07:42
    No
    Susanne DeWitt
    +1
    It was all noise and was hijacked by all sorts of "anti" people. It didn't accomplish anything and it annoyed a lot of people. The leadership was too weak to deliver the main message and it did not offer alternatives.
    sanne DeWitt
  • cc 2012/09/18 21:50:22
    Yes
    cc
    +2
    Yes! They changed our city, county and state budgets from bad...to WORSE!! They love the man they have in the White House, who helped destabilize the economy with his uncertainty and poor leadership. The same guy who put stock market men and former Federal Reserve officers into top positions.
    ....but this is all Bush's fault right? ....nope. Not all of it, my OWS idiots.
  • scart molotov 2012/09/18 21:49:53
    Yes
    scart molotov
    +2
    "Occupy" is ongoing, it did change, is changing & will change in the future.

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