Skip to main content

View Diary: The first time Wall Street was occupied (54 comments)

Comment Preferences

  •  One thing that strikes me here is that (5+ / 0-)

    when a social movement is fighting for something tangible, like a wage or a working condition or an elusive right, the participants can both focus their energies on the project and endure the repeated onslaughts of authority.  Wisconsin was a great example of this last winter.  This Wall Street strike (not a protest) was over meat and potatoes issues.

    OccupyWallStreet still lacks from my vantage point a limited set of clear objectives.  Do they want foreclosures to stop?  Do they want domestic job investment?  Do they want the prosecution of fraud?  Choosing one or two of these, or a couple of others, would put the protest on firmer footing, grow the movement, and build the narrative.

    (Of course, no one is pepper spraying me for posting this...)

    "And now we know that government by organized money is just as dangerous as government by organized mob." -- FDR

    by Mogolori on Mon Sep 26, 2011 at 09:07:42 AM PDT

    •  disagree (2+ / 0-)
      Recommended by:
      zedaker, Hirodog

      occupywallstreet already has NAILED it.  By focusing on wallstreet it already has done a great deal.  Wall street IS the problem.  People have to be lead by babysteps.  99% of americans have no clue how the financial world works, so now is not the time to teach them about derivatives.  Now is the time to simple point the finger and say.  See that Banker,  HE/SHE IS THE PROBLEM.

      Banks are fucking evil, and I bet if we had a poll here, even many here still dont quite get it.

      Bad is never good until worse happens

      by dark daze on Mon Sep 26, 2011 at 09:29:08 AM PDT

      [ Parent ]

      •  If Wall Street is the problem (5+ / 0-)

        what's the solution?

        Shut down all stock and commodity trading activity?

        Nationalize the banks?

        Tear up the pavement?

        Banks aren't evil. Banks can't be evil. Banks are just buildings. And not all bankers are evil. Not all banking policies are evil.

        The evil comes from a combination of two factors: the psychological intoxication of dealing every day with unfathomable amounts of money, surrounded by other people who deal with unfathomable amounts of money, isolated from the day-to-day experiences of people whose lives revolve around much, much smaller amounts of money; and the arrogance of believing that all that money confers virtue and the right to rule.

        It takes those things together, combined with the preposterous legal precedent that a corporation is a "person" whose needs and desires trump those of real people and which is compelled by corporate law to behave in ways that in a real person would be sociopathic, to create real evil.

        And if the Blue Sky Mining Company won't come to my rescue, if the sugar refining company won't save me, who's gonna save me?

        by Geenius at Wrok on Mon Sep 26, 2011 at 09:52:04 AM PDT

        [ Parent ]

        •  You've answered (4+ / 0-)
          what's the solution?

          Nationalize the banks?

          your own question. Society is dependent on banking to function. For that reason, we need a Public Option in banking, just as we do in health care, just as we already have in education, police, and fire departments.

          The President and Congress should direct the Treasury department to offer retail banking services to the public on a non-profit basis. Savings, checking, debit cards, mortgages, etc. Just as with schools, if consumers prefer the private market, they're free to use it. But any and every essential service can and should be provided by the government to the public on a no-frills, non-profit basis.

          There is no morally justifiable reason why our economy should be held hostage to the greed of a few who demand the highest possible profits the traffic will bear for something that each and every one of us depends on in order to function in modern society.

          Al Qeada is a faith-based initiative.

          by drewfromct on Mon Sep 26, 2011 at 10:25:57 AM PDT

          [ Parent ]

          •  nice answer (1+ / 0-)
            Recommended by:
            drewfromct

            Bad is never good until worse happens

            by dark daze on Mon Sep 26, 2011 at 11:36:44 AM PDT

            [ Parent ]

            •  If you agree (1+ / 0-)
              Recommended by:
              dark daze

              with the idea, please help spread it around.

              Thanks!

              Al Qeada is a faith-based initiative.

              by drewfromct on Mon Sep 26, 2011 at 11:42:16 AM PDT

              [ Parent ]

              •  now if only (4+ / 0-)

                we had some famous guy who said basically the same thing as people wont take our word for it....oh thats right.  

                Maybe this Thomas Jefferson fella was on to something when he said

                “I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.”

                Bad is never good until worse happens

                by dark daze on Mon Sep 26, 2011 at 11:57:56 AM PDT

                [ Parent ]

                •  Wow that quote should be on all their signs! nt (2+ / 0-)
                  Recommended by:
                  drewfromct, dark daze
                •  That sounds like something (2+ / 0-)
                  Recommended by:
                  dark daze, gjohnsit

                  the Teabaggers would agree with.

                  I wonder if that meme could be spread among them without them catching on that we agree with it.

                  We desperately need to find real common ground with them (as opposed to looking at where concessions could be made, as Obama and the "Dem leadership" would have us do). Their energy and passion need to be put to work on behalf of economic populism. What a sweet thought, to subvert them away from their corporate puppetmasters.

                  Could the words of the sacred Founding Fathers be the elixir that breaks the chains of the Koch brothers' Frankenstein monster once and for all?

                  Meh. Probably not. But I think it could be worth a try.

                  Al Qeada is a faith-based initiative.

                  by drewfromct on Mon Sep 26, 2011 at 01:16:42 PM PDT

                  [ Parent ]

          •  A non-profit banking system already exists (2+ / 0-)
            Recommended by:
            drewfromct, gjohnsit

            Credit Unions offer the banking functions you listed, usually at much lower costs than the for-profit banks and without too many risky activities (so far).

            It used to be very hard to join a CU unless you met a bunch of restrictive criteria (mostly due to regulations which protected banks) but now it's much easier to join one if it operates in your area and has revised its membership criteria.

            I highly recommend checking out a few CU's in your area here or here & joining at least one of them as your primary financial institution. I've used this one for over 20 years now & have been extremely satisfied with their service.

            •  Credit Unions are great (0+ / 0-)

              if you have one close by. I joined one that was next to a place I worked. I still have an account there, but the job is long gone, and I now live about two hours from the nearest branch, and they're not part of an ATM network anywhere close to where I live. I can make deposits by mail, but taking money out is a hassle.

              Al Qeada is a faith-based initiative.

              by drewfromct on Mon Sep 26, 2011 at 02:22:01 PM PDT

              [ Parent ]

              •  Yes, the service quality does vary widely, (0+ / 0-)

                but I'd encourage you to do a bit more homework (yes, it does take some work) and choose one that works for your current needs.

                The main CU I've used since I lived in NJ (Affinity) is available to anyone living in NY, NJ, & PA (by joining one of their membership associations) or through affiliations with hundreds of other organizations.  They offers free ATM transactions at thousands of ATMs around the nation, including the Coop (other Credit unions), AllPoint (Walgreens, etc.) and Vcom (7-11, etc.) networks, so it has been very easy to stay with them even though I moved away from NJ.  They even gave me a mortgage loan in CA.

                When I lived in San Francisco, I found that the SF Fire CU accepted anyone living, working, or studying in CA.  And since they only had 2 branches, they provided free ATM services by refunding the fees charged by all the other ATMs...nice!

                I imagine there are similar options in CT, so check out a few.

        •  and (1+ / 0-)
          Recommended by:
          gjohnsit

          well according to the much of our history, usury was evil and punishable BY DEATH.

          They had that right.

          Bad is never good until worse happens

          by dark daze on Mon Sep 26, 2011 at 11:37:40 AM PDT

          [ Parent ]

      •  Wall Street is the problem (5+ / 0-)

        but Mogolori is still right about one thing: Where is the end game?
           occupywallstreet seems to be more a collection of moral outrage than a firm agenda with goals.

          Don't get me wrong - a totally support the Wall Street protests. Without question or reservation.

          I'm just saying that the occupywallstreet movement will fizzle if it doesn't have a clear set of goals (and thus a way to measure success).

        "The people have only as much liberty as they have the intelligence to want & the courage to take." - Emma Goldman

        by gjohnsit on Mon Sep 26, 2011 at 09:53:16 AM PDT

        [ Parent ]

        •  its goal (0+ / 0-)

          is to be a catalyst to start a much bigger movement.

          No one sitting in a park is going to change federal regulation.  Its about making us citizens take notice, to get them moving off their asses, and its given them a idea of who and what is the problem.  You cant ask for much more than that.

          To actually start changing things, gonna take helluva lot more than this, but this may be a start.

          See it for what it is.

          Bad is never good until worse happens

          by dark daze on Mon Sep 26, 2011 at 11:36:20 AM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site