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Forum Post: Clarity On Purpose and Facts

Posted 12 years ago on Oct. 10, 2011, 6:09 p.m. EST by mellonmartin (2)
This content is user submitted and not an official statement

I am thrilled with the movement but what remains unclear via the media sources I have scanned so far is a clear and definable objective. The focus on Wall Street for our current economic issues in the U.S. is only one part of the root cause. Wall Street encompasses various components from market makers, banks, brokers, funds, traders - many of which have nothing to do with our current economic condition to the housing melt down.

Major banks in terms of a lack of regulation and oversight are clearly a conduit to the issues we are faced with today. Clearly Goldman, Lehman and hundreds of national and regional banks that chased the easy transitional money in the real-estate market are to blame for the financial melt down that we the tax payers paid for. One of the media sources paints the movements concern with banks and Washington and that is clearly an issue but that has been around when trading was done in Taverns or in the streets of NY, Boston to Philadelphia. So starting with banks is complicated on what the movements purposes is because banks encompass trading, lending, credit or in today's times a lack of offering credit or lending, and a variety of other functions that are needed to help us get personal loans and credit to small and large businesses factoring their inventory purchases for the products they sell.

It seems the movement should ask Washington to change the following:

  • Complete Regulation Reform - One central regulator, no more lobbyists, transparency and simplicity, and accountability.

  • Action needed now improve the flow of credit to small business so they can develop, expand and HIRE.

  • No more bail outs - we have families with no insurance, no jobs, not hope but yet we have bailed out institutions for the benefit of the stakeholders in those institutions. i thought we lived in a democracy (Patriot Act changed that) and not nationalizing banks and large companies when they fail to govern them selves. Free markets dictate the weak fall and strong get stronger and when they get too big (which again Washington should have never allowed) then they blow up and the market re-sets.

  • U.S.A Fiscal Reform - we want and should demand a complete overhaul of our budget to the wasteful spending in the middle east to a wide variety of useless government organizations and re-invest that into job creation in green energy and quality health care for everyone. This may not fall under the Occupy Washington Theme but we might as well tie it into what is the underlying issue of our current situation and that is jobs and a slow growth economy (GDP) that is walking a very shaky plank that if we make one small miss step we could see a very prolonged recession to a possible depression.

PLEASE FIND CLARITY IN THE MOVEMENT AND DO NOT END UP WASTING AN OPPORTUNITY.

Excuse the typo's and grammar, I Dyslexic.

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