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We kick the ass of the ruling class

Banks Cannot Gamble On Your Future (As Much As They Would Like To)

Posted 8 months ago on Dec. 14, 2013, 5:25 p.m. EST by OccupyWallSt
Tags: occupy the sec, volcker rule, direct action

What if you could change the rules on Wall Street without bribing regulators or buying off politicians?

Well, we did it. We passed the Volcker Rule

Occupy the SEC, a working group of Occupy Wall Street, submitted critical public comment to SEC officials and followed up like crazy.

"We met with each regulator after they wrote the rule, and we worked with other interest groups collaboratively through the process," says Occupy's Eric Taylor

"To get ideas, we had a weekly conference call where we talked about things with a couple other groups," added member Akshat Tewary.

Making change. From the streets and in the halls of power.

Read more: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/11/the-volcker-rule-cites-the-occupy-movement-284-times/

via our friends, US Uncut

15 Comments

15 Comments


Read the Rules
[-] 7 points by shadz66 (19985) 8 months ago

Viva OWS and 'Occupy The SEC' :

"Banks Weren’t Meant to Be Like This", by Prof. Michael Hudson :

"How Big Banks Run the World - at Your Expense", by Prof. Gar Alperovitz :

Re. 'The State Owned "Bank Of North Dakota' :

Also for consideration :

"How Big Banks Victimize Our Democracy", by Bill Moyers & Matt Taibbi (Video & Transcript) :

''The Wild and Cruel Gap Between Debtors and Creditors'', by Ralph Nader :

''How Does The Financial System Work ?'' (Short Video & Transcript) :

radix omnium malorum est cupiditas ...

[-] 3 points by LeoYo (5854) 8 months ago

When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

Sunday, 15 December 2013 11:00 By Paul Kiel, ProPublica | News Analysis

http://truth-out.org/news/item/20638-when-lenders-sue-quick-cash-can-turn-into-a-lifetime-of-debt

[-] 6 points by shadz66 (19985) 8 months ago

Jubilee Now !!! Usury has so much to answer for !! Thanx for your strong link and further to the Ralph Nader link above, I append in compliment, a cross link to a OWS news item & 2 other excellent links :

radix omnium malorum est cupiditas ...

[-] 6 points by beautifulworld (20442) 8 months ago

Absolutely awesome. I would not underestimate the power of the message of Occupy Wall Street. They took down the tents but they can't take down the ideas. Great job, Occupy the SEC!

[-] 3 points by Spartacus14 (102) from Boulder, CO 8 months ago

Yes "awesome" does seem to be the operative word for Occupy The SEC.

http://mathbabe.org/2013/12/12/occupy-the-sec-shows-us-all-how-to-occupy/

[-] 2 points by beautifulworld (20442) 7 months ago

"The final rule, or at least its preamble, references Occupy the SEC’s public commenting letter 284 times. The rule could have been way worse, and probably would have been without OSEC’s contribution." From mathbabe. Truly awesome.

And, Happy New Year Spartacus and to everyone dedicated to keeping the forum devoted to the 99%!

[Removed]

[-] 1 points by MattLHolck (16833) from San Diego, CA 8 months ago

no one knows what volkner is

nor do the first three paragraphs specify

[-] 2 points by MattLHolck (16833) from San Diego, CA 8 months ago

OK

banks that control mist of the money can't drain accounts with in them?

[-] 4 points by Brynin (39) 8 months ago

I don't understand why people, groups, organizations never address the system of operation as a whole. systematically going through the the many lawyers that allows for our society to operate. What keeps the gears turning. Everything we do or use and the cost of it all. Energy puts a cost on everything. Transportation, shipping, cost of operating, making goods, running machines, powering your home, growing food, shipping food. Storing food, chemicals we use, powering cars... and so on..It all needs energy. I would say addressing energy is step one of many. Address unused as well as outdated energy methods. The cost of living is basically nothing more then energy constraint or a raising cost of as well as artificial scarcity of. Not to mention how contemporary values among our culture and how those values create an artificial cost of living and a verity of problems.

Uneducated consumerism or materialism..Waste or over production that just get's tossed out..meaning the many tons of product and food we just throw out or misuse or don't recycle. Nor do we have the necessary updated facilitates built to even recycle waste in the first place. I will never understand why we can't just give way over produced goods. Yeah let's just tossed it out. fking morons.

Stupidity is what i call it. Waste has value. Can be reused or given to people. Reproduce goods and lowering the cost. As well as produce energy. Putting more money in people's pockets. Money they no longer have to spend. . Money is a fucking joke.

Simply..

In reality the cost of living at this point in time is a complete fabrication when you incorporate into the argument what we are now able or capable of or have the technological capability of doing. Innovating how we operate.

Like going from bows to guns. Rubbing sticks for fire to lighters or matches.

Use other forms of energy that will not have or have a much lower cost to consume. Only cost really being the needed resources to construct the newer methods. We can use the same advancements for agriculture, travel, housing, education, public transportation systems, air travel, boats....

No i don't mean GMO.. GMO is not a technology it's a mistake is what it is.

As far as agriculture i'm talking vertical farms. Built right on top or next to your local grocery stores, your apartment complex, your schools, your house, in down-up or mid town where ever you live. These farms would grow natural product all year round no issues with seasons changes.

If something like a vertical farm plan was drawn up, wish it already is. Used around this country and/or planet it would cut the middle man costs. Lower shipping cost, packaging. Get ride of chemical cost, heavy equipment cost and yes labor cost. Vertical farms can basically operate on their own. If we really wanted to we could run, harvest and plant food from our ipods/cell phones.

Ok so now these Farms or buildings need energy. well take your pick on future idea's of energy. That don't pollute the planet and destroy land, affect people's health. Long list of alternative's that work. I hate to break it to big oil and coal. Your services are no longer needed.

Once you lower the cost of living people will no longer have to spend or earn as much money. Meaning their pay checks can now cover the cost of living and business's won't need to make as much money or profit and spend less to operate and can pay employees less or more because everything is updated and cheap. Like it was back in the mid 1900's and earlier. Go get a hot dog, fries and soda for .25 cents.

I wanna add water shortage into this rant. people add that thought to cost. There is no water shortage. This planet is 71-2% water. All of which can be used. I know, i know... salt..

If we stop polluting the god dam ocean all that water can be treated, filtered and used. desalination process and still being advanced

Technology is wonderful thing. If used properly.

end of rant for now.

Link to important info.

http://www.youtube.com/watch?v=K9FDIne7M9o&feature=youtube_gdata

[-] 2 points by Brynin (39) 8 months ago

More short term "fixes" to a broken outdated system of operation.

[-] 1 points by Nomomentumstock (1) from San Francisco, CA 8 months ago

Instead of complaining on broad issues, Occupy Wall St should go after one target at a time. The momentum stock is how these greedy Wall Street bankers and hedge fund managers make money. We should go after one momentum stock at a time by calling 99% to against it (not to use their services). This will cause the stock to fall while returning the control of the corporate (issuing the stock) to the management but these greedy institutions. We should not help these greedy institution count their dollar bill while they are taking our properties away!

[-] 1 points by MattLHolck (16833) from San Diego, CA 8 months ago

pure generalization wit no clear statement of the rule

[+] -5 points by michaeljames (-78) from New York, NY 8 months ago

Yes, I can't support changing rules just for the sake of changing rules. Which rules and how are they going to change? Indeed. Sharp point. Good job!

[+] -8 points by michaeljames (-78) from New York, NY 8 months ago

I feel bad for that baby whose image is being used without permission on many different Internet messages. Why don't Internet message makers use images of themselves? I'm sure glad it's not my baby's image!