Occupy Wall Street

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Quote from Agassi:

This is very similar to the Anna Hazare Movement that recently happened in India. He was protesting against massive corruption in the Indian government.
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Protesting against massive corruption in the government is what we need. Instead, we’re seeing government employees (i.e., unions for teachers and other fields) trying to make things even more corrupt. Oh, and a bunch of liberal arts majors wanting handouts because they know they won’t make anything with their “Multicultural Hubris” and “French Feminist Studies” degrees.

Go to the right part of most any city in the U.S. and you’ll find traffic jams somewhere between suburbia and the interstates around 5 A.M. These are the small business owners, doctors, engineers, accountants, etc. who are paying for the demands of the handout junkies and public service unions. They are the ones who should be protesting, but they don’t have time…
 
I think this dude is probably closest to being correct about the whole thing...

http://finance.yahoo.com/blogs/dail...24959.html?sec=topStories&pos=9&asset=&ccode=

"Randall Lane: Wall St. Protestors Don’t Hate Success, They Hate Big Rewards for Failure"

Of course there are plenty of people protesting without having a clue (the 99% crap). On the other hand, some traders are confusing themselves with Too Big To Fail banks. When the trader screws up he is blown-out. When a TBTF bank does (how come they didn't do more due diligence that their counterparties could pay without sucking on gov't tit?) they reward themselves huge.

Steve Jobs had a pretty shitty personality, but nobody denies he earned his money himself, even paying himself $1/yr. Plenty even canonize him. But then, he was allowed to fail with NEXT like a REAL capitalist.
 
Quote from MKTrader:

Protesting against massive corruption in the government is what we need. Instead, we’re seeing government employees (i.e., unions for teachers and other fields) trying to make things even more corrupt. Oh, and a bunch of liberal arts majors wanting handouts because they know they won’t make anything with their “Multicultural Hubris” and “French Feminist Studies” degrees.

Go to the right part of most any city in the U.S. and you’ll find traffic jams somewhere between suburbia and the interstates around 5 A.M. These are the small business owners, doctors, engineers, accountants, etc. who are paying for the demands of the handout junkies and public service unions. They are the ones who should be protesting, but they don’t have time…
More...

I agree..this is what gets lost in the mix and the polarized debate between the "have's" and the perceived "have nots" (i.e. Union members).

The protests are sort of a breeding ground for anyone with a grievance about today's culture and economy. I'm sure there are some clued in people at these protests that are campaigning against TBTF and Fed largesse, but that message is not convenient for the mainstream media. It's analygous to the Ron Paul message which is always ignored. Instead, any soundbite of his is spun into an entirely different message to try and polarize him and his followers.
 
Quote from MKTrader:

Protesting against massive corruption in the government is what we need. Instead, we’re seeing government employees (i.e., unions for teachers and other fields) trying to make things even more corrupt. Oh, and a bunch of liberal arts majors wanting handouts because they know they won’t make anything with their “Multicultural Hubris” and “French Feminist Studies” degrees.

Go to the right part of most any city in the U.S. and you’ll find traffic jams somewhere between suburbia and the interstates around 5 A.M. These are the small business owners, doctors, engineers, accountants, etc. who are paying for the demands of the handout junkies and public service unions. They are the ones who should be protesting, but they don’t have time…
More...

Pinpoint the core of the corruption. Take out the jugular:

The Federal Reserve has been kiting checks and T-bonds are worthless due to lack of consideration.
 
Quote from FireWalker:

Pinpoint the core of the corruption. Take out the jugular:

The Federal Reserve has been kiting checks and T-bonds are worthless due to lack of consideration.
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To clarify this a bit:
- The Treasury owes nothing to the Federal Reserve due to lack of consideration. National debt $0. Personal income taxes $0.
- The T-bond market can remain afloat for a while as those bonds were traded with consideration conveyed.
- The Treasury's fiduciary responsibility to T-bond savers can be made good through Congress.
 
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