Supporting the Occupy Wall Street Gang?

Have you given much thought to the Occupy Wall Street demonstrations going on in New York and now, around the country? I hadn't either so don't feel bad. But, being that I am a political writer and this is a "mass" political action, I figure someone out there might want to hear my thoughts on it.So here goes nothing...

Nice plan, wrong target.

Nothing that was done on Wall Street has, as of yet, been proven to be a crime. If anything most all of these investment houses followed the letter of the law at the time. The repeal of the Glass-Seagall Act, originally passed in 1933 to combat speculation in the market by banks and building a permanent separation between commercial and speculative banking, is the real culprit here, not the Wall Street bankers. In addition to them, Barney Frank and Chris Dodds need to be investigated as these are the heads of the two of the biggest problems in the housing industry, Fannie Mae and Freddie Mac. These quasi-governmental agencies are headed by elected members of congress. These two guys swore to us that there was no issue with either entity when they were buying up these BS loans from the real banks. Then when we are done giving these guys a rectal exam of their finances we should look at Moody and Standards and Poors and ask them just what they were basing the worthiness of these products back when they were rating them as good buys.

In other words, the issue here is Congress, not the Banks. The Banks did what the banks were legally allowed to do following the repeal of Glass Seagall by Congress in 1999 through the Gramm–Leach–Bliley Act and signed by then President Clinton (touted at the time as the first Black President; perhaps the second Black President can fix what the first Black President screwed up?). Our elected officials, constantly on the look out for fresh contributions for their back to back to back runs for office sold us out for their own gain. Nothing new, I know.

So here's what these pompous snobs blowing the tuition money mom and dad gave them need to do, HEAD SOUTH. Your complaint is with Washington DC not New York City. Take all those people and set them on Washington Dc in the form of two massive groups. One group, and we will call them WeBeTE-1 (Wet Behind The Ears) sets up shop on Pennsylvania Ave. right in front of the White House since the road is now closed to through traffic. WeBeTE-2, our second group of intrepid demonstrators, would set up shop between the Washington Memorial and the Capitol Building. These are the folks who need to hear from Americans and these are the folks who can actually do something about the situation.

Spending time in New York and protesting Banking activities is about as smart as protesting a theater in Scranton Ohio about a bad film produced in Hollywood. If anything, these guys are attacking fellow victims of the same poor judgement, even if the Banks did ask for the changes. Asking for a change and making the change happen are two totally different things.

Congress has a fiduciary responsibility to its investors (tax payer) not to allow our money to be gambled with without our consent. But they failed to do their job didn't they.

If you really want to protest someone in New York over this mess, head to Chappaqua. At least in Chappaqua you can find someone involved with the creation of the problem instead of just yelling at those who followed the poorly conceived law...

Now I hear these punks are trying to take their case to the homes of the wealthy, not just the wealthy bankers, but just the wealthy wherever they can find their homes. If you really want to move this nationally head to all the IRS and other Federal Buildings because again, the Federal Government caused this problem, not the banks in and of themselves.

It is almost as if they no longer teach civics in this country... oh wait, they don't!

But what would I know; I'm just an Average American.