10-19-2011, 01:50 PM
Wow. Daniels list of things to ponder and questions to answer made me want to assume the fetal position and hide. Do we really have to articulate and qualify each of these items before we can bitch about a system gone mad? I can add to his list but I don't think it will bring any clarity. While the specifics of OWS haven't been clearly laid out, I think that there is a particular revulsion towards those who turned our financial system into a private gambling club. They create toxic loans. They sell toxic loans. They bet against toxic loans. And when they are presented with the possibility that said toxic loans won't earn them a larger profit than they imagined then they cry "too big too fail" and we give them 700 billion dollars which they divvy up amongst themselves. I have no gripes about the Wall Street that was the engine that financed our industry. I'm bitching about those bankers who prefer to increase their wealth by totally disregarding the industries that need their help. Very secure businesses can't borrow money now because they can't deliver the same return as some abstract, computer generated gambling scheme/game that can only be played by those in the private club.
How about a little sensible regulation?
How about a little sensible regulation?