Posted on 10/10/2011 5:17:26 AM PDT by Kaslin
I have written how I don’t caucus with the Occupy Wall Street Crowd. They are a fraud.
The knee jerk reaction is that if I don’t concur with Occupy Wall Street and their assault on capitalism, that I must be a greedy capitalist and think the bankers are great guys that should be left alone.
If you are a regular reader of this blog, you will find that’s not true. Banks weren’t the root cause of the massive financial crisis we had, but they certainly were maidens to the disaster.
Banks responded to incentives that were put in place by regulators and government agencies like Fannie Mae and Freddie Mac.
Today, banks are being castigated for not lending to Main Street. But, you can’t blame them. The Federal Reserve is creating a situation where banks can just surf the yield curve and make a lot of money. They don’t need to work hard and take a larger risk to make a profit.
What’s really clear to me is that Washington DC really doesn’t know what to do about banks. Dodd-Frank is a miserable failure and already has raised the cost of doing business and hurt consumers. People in the CFTC and SEC are clueless to changes in the industry and what to do about them.
Bankers have become one of Obama’s favorite whipping boys in public. Behind the scenes he enjoys cashing their checks.
Occupy Wall Street is the right outrage, but it’s in the wrong place. It’s not capitalism that is killing us. It’s the people that try to control capitalism for their own means that are killing us.
UPDATE
Every good protest needs a whiny song. This is fantastic.
Remy's Occupy Wall Street Protest Song
They’re not interested in finding the root cause because they voted for the idiot and his friends and they might have to face some real truths. They’re waiting for the dear leader to make good on his promise of freebees and to free them of all thier financial and social responsibilities.
Wait till these “flea baggers” find out that Obummer is going after their student loan debits with private bill collectors.
“Flea baggers,” that’s classic.
With his wink, 0bama confirmed what I had suspected: These radicals "occupying" Wall Street and other venues are dyed in the wool 0bamunist marxist radicals doing 0bama's bidding.
FUBO GTFO! 468 Days until Noon Jan 20, 2013
Video Exposing How ‘Occupy Wall Street’ Was Organized From Day One by SEIU/ACORN Front – The Working Family Party, and How They All Tie to the Obama Administration, DNC, Democratic Socialists of America, Tides and George SoreA$$:
http://www.theblaze.com/stories/video-exposing-occupy-wall-street-was-organized-from-day-one...
Fleece Baggers.
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