Myrtle Beach Real Estate by Mirela

The Occupy Wall Street Movement is not against Wall Street

 

The Occupy Wall Street Movement is not against Wall Street

 

The Occupy Wall Street Movement is not against Wall Street. It is only against Wall Street Corruption. In particular, the Wall Street corruption of the Wall Street Banksters.

In 1999, Congress repealed the The Glass-Steagall Act, which was put in place right after the great depression to protect against the predatory Banking practices that facilitated the great depression and it worked beautifully for all those years. In its place, Congress enacted The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, which effectively made predatory lending legal, thereby creating the basis for the subprime home mortgage crisis that cost taxpayers trillions of dollars: http://bit.ly/YesGlassSteagall
The real terrorists are in the white house, congress and wall street
A year later, Congress drove the final nail in our Financial coffin, with the enaction of The Commodity Futures Modernization Act of 2000) which gave the wall street banksters carte blanche to launch the mortgage backed derivatives schemes, in essence legalizing wall street gambling: http://bit.ly/WeGotScrewed

Last year, The Supreme Court ruled that corporations are people - Citizens United http://bit.ly/NoCitizensUnited . The implications of allowing corporations to contribute unlimited amounts of money secretly and without any regulation, in essence insured their stronghold on our government, by not only lobbying, but now having full blessing to straight out BUY the elections. Last year's elections were the most expensive mid term elections in America's history and 2012 promises to be the most expensive election EVER, with Obama's campaign budget at over a BILLION dollars, the most expensive presidential election EVER! Anyone who thinks that in this type of environment we could have anything remotely similar to a Democracy is probably under the spell of Fox and Rush Limbaugh and completely delusional...

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Unfortunately, most Americans don't know the truth, thus they believe the corporate media lies. Only a handful of huge corporations own all the media, so what you get when you watch the so called News, are obfuscations of the truth.

Here is a list of independent and foreign media, for those who want to know what's really going on: http://on.fb.me/AlternativeMedia

Here is a great book I strongly recommend reading. I urge you to read it. It will shed light on everything I mentioned and you will see what I see and you will understand why I am so supportive of this most important movement:

Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America: http://www.amazon.com/Griftopia-Machines-Vampire-Breaking-America/dp/0385529953#reader_0385529953

Also, here are three very good movies to watch in order to get more understanding on the heist perpetrated on the American people by the Banksters. This too, will help you understand how grave our situation is and why we desperately need this movement:

Hope for the 99%Inside Job: http://www.youtube.com/watch?v=LbjdVYmJRHI&feature=related

Meltdown (part 1): http://www.youtube.com/watch?v=6zZ_JfROhOE

Plunder: http://www.plunderthecrimeofourtime.com/

"When plunder becomes a way of life for a group of men,
they create for themselves,
in the course of time,
a legal system that authorizes it,
and a moral code that glorifies it.”
– Political economist Frederic Bastiat, The Law [1850]

“I used to think of Wall Street as a financial center.
I now think of it as a crime scene.”
– Filmmaker Danny Schecter, Plunder (2009)

The Best Way To Rob a Bank is To Own One: http://www.youtube.com/watch?feature=player_embedded&v=Rz1b__MdtHY

Move To Amend: http://movetoamend.org/

Have corporations overplayed their hand & a backlash is now underway? http://www.youtube.com/watch?v=FwtRg2WMm6A&feature=share

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I fought for my country, not wall street
Our Congress today is a forum for legalized bribery. One consumer group using information from Opensecrets.org calculates that the financial services industry, including real estate, spent $2.3 billion on federal campaign contributions from 1990 to 2010, which was more than the health care, energy, defense, agriculture and transportation industries combined. Why are there 61 members on the House Committee on Financial Services? So many congressmen want to be in a position to sell votes to Wall Street.

We can’t afford this any longer. We need to focus on four reforms that don’t require new bureaucracies to implement. 1) If a bank is too big to fail, it is too big and needs to be broken up. We can’t risk another trillion-dollar bailout. 2) If your bank’s deposits are federally insured by U.S. taxpayers, you can’t do any proprietary trading with those deposits — period. 3) Derivatives have to be traded on transparent exchanges where we can see if another A.I.G. is building up enormous risk. 4) Finally, an idea from the blogosphere: U.S. congressmen should have to dress like Nascar drivers and wear the logos of all the banks, investment banks, insurance companies and real estate firms that they’re taking money from. The public needs to know.

Capitalism and free markets are the best engines for generating growth and relieving poverty — provided they are balanced with meaningful transparency, regulation and oversight. We lost that balance in the last decade. If we don’t get it back — and there is now a tidal wave of money resisting that — we will have another crisis. And, if that happens, the cry for justice could turn ugly. Free advice to the financial services industry: Stick to being bulls. Stop being pigs.
http://www.nytimes.com/2011/10/30/opinion/sunday/friedman-did-you-hear-the-one-about-the-bankers.html?_r=1&src=recg

 

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Comment balloon 17 commentsMirela Monte • October 30 2011 02:11PM
The Occupy Wall Street Movement is not against Wall Street
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The Occupy Wall Street Movement is not against Wall Street. It is only against Wall Street Corruption. In particular, the Wall Street corruption of the Wall Street Banksters. In 1999, Congress repealed the The Glass-Steagall… more
The Best Way to Rob a Bank Is to Own One
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