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Forum Post: Time for a Million People March on The Hill

Posted 2 years ago on Oct. 12, 2011, 7:43 p.m. EST by Wallstreetitsover (25)
This content is user submitted and not an official statement

That's how we do it, by numbers, that's one thing elected officials fear worst. Either way, I feel this should be part of our platform:

We are here Congress because we want to bring BACK the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which saved our country from the Great Depression, and also CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 which deregulated energy markets and allowed such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 400 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not closed, allowing speculators, for example, to resell barrels of oil over and over again before it reaches the gas station owner. It's basically, legal gambling at our expense. What were those lawmakers thinking then?

My letter to Congress:

This financial reform movement has been a dream of mine since 2008, after hearing the Congressional Hearing on Energy Reform and on how Financial Deregulations hurts the hard working Americans, and turns undeserved brokers/executives into overnight Millionaires!

So I feel (and many others) that only way we can get back on safe financial footing again is to close the Enron Loophole, created for energy/oil speculators, and bring back The Glass-Steagall Act of 1933, which prevented the current banking and insurance loopholes/scams. After all, it worked great until late 90's, until when Congress threw it out. Since then, like prior to 1933, we are experiencing what our country went though then, total Wall Street Greed with no Penalties, its all legal Gambling now...thanks to the architects of our new system in 1999, President Clinton and Rep Senator Phil Gramm. Think about where we are now, it all started in 1999 with the subprime loans Gramm was preaching on Senate floor. http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related

And for the Free Trade Movement, bringing back the Glass-Steagall Act will not hurt our financial markets or hinder Free Trade, as the GOP rhetoric claims, instead with this back in PLACE bankers can still make millions a day, but not the trillions as they do now on the accounts of hard working Americans.

Bankers need more regulation, not less. Don't let the Bankers new Game to charge for debit cards as the results of the Dodd/Frank Wall Street Reform and Consumer Protection Act surprise you. Right after it passed, we have the banking lobby on national TV saying that "we" will pay for it, after we bailed them out, What nerve! So this is their response to having it their way since 1999: We have have to find a way to give out Executives their way out of line bonuses: Bingo, charge for debit cards! This is the banks throwing their influence over our Elected officials, that are suppose to work for us, after all we voted for them to do the right thing, which doesn't include the banking lobbyist agenda....

Let's get focused and bring back Glass-Steagall Act of 1933, they got it right 1933, we don't need to reinvent the wheel because bringing this Act back will create an even playing field once again....and let's finally Close the Enron Loophole, which allowed Enron to charge what they wanted for energy; they went to jail for this; but no one closed the loophole, why? Re-election Monies from the banks and oil companies! The writing is on the wall.

Why we need Glass-Steagall to be reinstated:

http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wXj http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act/

Why are oil prices high?

http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related http://www.youtube.com/watch?v=f-kExdTgNZA&feature=channel

Rolling Stones Reporter: Truth about Goldman Sachs--they have cornered the markets, why? Enron Loophole and repeal of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw

39 Comments

39 Comments


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[-] 2 points by recallScottWalker (20) 2 years ago

Senate republicans commit treason by killing 2 million jobs yesterday.

[-] 1 points by Wallstreetitsover (25) 2 years ago

missed that one, thanks, well, let's add that thought to our March to The Hill, you will be accountable or held for....The problem now, whether your a dem or rep, they're both birds of the same feather, meaning they all take questionable monies from groups that use them for their interest over ours. Have you ever noticed that a Congressman never rats out each other for taking money, they can't, why? they all do! We need to change that too, no more than $100 from anyone, corp or person--that should help create an even playing field; after all, if they get the same money from each group, hopefully, now they'll pick the one for the people, verse now the one that promises to fund their re-election campaign; hate to say it, but that's the sad truth. And they know it.

[-] 1 points by recallScottWalker (20) 2 years ago

check out the Supreme Court majority Kennedy, Thomas, Scalia, Alito, and Roberts in Citizens United which struck down McCain-Feingold campaign law. On the issue you raise, the Supreme Court members named above are the problem

[-] 1 points by 8472ofborg (100) from Bruce, SD 2 years ago

No, no, and no. No marching, no fighting. Just sitting, being seen, and being heard.

[-] 1 points by Wallstreetitsover (25) 2 years ago

exactly. like Woodstock for example

[-] 1 points by RichardGates (1529) from Fort Walton Beach, FL 2 years ago

look at the top of this page. does it say occupy washington, no, it does not. washington has been under fire for a decade with no result. you extinguish a fire by aiming at the source. although glass needs to be returned FOR SURE. don't fall into the trap that gov is the enemy, our gov is what gives us a right to march on wallstreet.

[-] 1 points by Wallstreetitsover (25) 2 years ago

Great point. I completely agree. My intentions are for the betterment of our Country, which includes a fair government as its foundation. Thanks for sharing this.

[-] 1 points by coolnyc (216) from Stone Ridge, NY 2 years ago

Occupation captured their attention. A million person march on DC would shake their world. Let's scare the hell out of them.

[-] 1 points by Wallstreetitsover (25) 2 years ago

now we just have to figure how to do it, bring in the Woodstock producer! It will come to be our Woodstock against Wall Street!

[-] 1 points by coolnyc (216) from Stone Ridge, NY 2 years ago

At some point we need some organization. I think this whole leaderless thing is amazing and wonderful, but not real practical when you're trying to be tactical and strategic.

[-] 1 points by Wallstreetitsover (25) 2 years ago

maybe we should start a Forum on finding leadership/organization ideas for a million people march on The Hill. After all, what's so great about this movement is we all are opened mined; we are all just trying to find the right way to close those unfair loopholes, which I feel the two I mentioned we be a major gain: for instance the Dodd Frank Bill was so watered down by banking lobbyist, it's like getting back 10% of Glass-Steagall Act. Let's keep the talk going...

[-] 1 points by ribis (240) 2 years ago

We can do this when we have the numbers. We don't have the numbers right now, though. Survive the winter, build the base, and we can have a merry little OWS spring of our own.

My own recommendation on those lines is at http://occupywallst.org/forum/occupy-local-government/ , and it's for local organization that can let us keep growing through these cold winter months.

[-] 1 points by Wallstreetitsover (25) 2 years ago

Yes! And I feel this movement will just gain more strength, the cat is out of the bag, people are getting wiser--will will be there at lest by the Spring!

[-] 1 points by brentclarke (1) 2 years ago

So. . . who gets to choose who is the boss. I own my own company. Do you get to decide whether I am making too much? I make 10 times what my employees make. Is that too much? I am accumulating wealth to pass to my child. When I die, do you get to take all of it, or just most of it? I already paid taxes on the money. Do you get decide how much is "fair" for my heirs to keep? My brother is a doctor. Your manifest says he should make $28,000.00 per year. He makes around $300,000.00 now. He went to school for four years undergrad, four years medical school, and 5 years residency. He works 80 hours a week. Does he still have to work 80 hours a week for roughly 10% of his former salary? You people are DELUSIONAL.

[-] 1 points by Wallstreetitsover (25) 2 years ago

sorry you see it that way, but the goal is to bring back the "even" playing field we had until 1999, when it all changed back to the reckless Wall Street policies of what gave us the Great Depression. I feel you will be much better off. All Glass-Steagall does is tell bankers and insurance companies to stop being brokers and go back to banking and insurance, which now with no regulation, they can make more money by being brokers. That's the root cause of our financial problems. Thanks for this.

[-] 1 points by Chromer (124) 2 years ago

Time for 10 million people to march the hill!

[-] 1 points by Wallstreetitsover (25) 2 years ago

perfect!

[-] 1 points by brightonsage (4494) 2 years ago

You are the right track and that is a good start. The meltdown showed a number of other loopholes in financial regulation and, Dodd Frank, like the healthcare "reform", was diluted and gerrymandered and filled with goodies. There is still a deluge of cold water being dumped on it. Glass-Steagall wasn't as comprehensive as we need for today. Now that the bankers have had a taste of rigging the game (they have invested so much in figuring out how to do it and hired the guns to do it) they will not go back to the culture they had during G-S. Sarbanes-Oxley is still being attacked, and could be improved.

We need more sheriff's in town and folks have to check their guns at the city limits.

[-] 1 points by Wallstreetitsover (25) 2 years ago

you are so right!

[-] 1 points by patriot4change (818) 2 years ago

Oh, no you didn't. Oh, no. There you go. There you go. A Million people marching on Washington D.C. This is getting good now. Count me in!

[-] 1 points by Wallstreetitsover (25) 2 years ago

there you go! I was hoping to hear from someone like you! Thanks

[-] 1 points by betsydoula (143) from Beverly Hills, FL 2 years ago

Thanks for sharing this information. I do believe the Glass-Steagull act should be reinstated and will email that to the 99% declaration to add on.

[-] 1 points by Wallstreetitsover (25) 2 years ago

Thanks Partner! Let's show them who is boss!

[-] 0 points by brentclarke (1) 2 years ago

So. . . who gets to choose who is the boss. I own my own company. Do you get to decide whether I am making too much? I make 10 times what my employees make. Is that too much? I am accumulating wealth to pass to my child. When I die, do you get to take all of it, or just most of it? I already paid taxes on the money. Do you get decide how much is "fair" for my heirs to keep? My brother is a doctor. Your manifest says he should make $28,000.00 per year. He makes around $300,000.00 now. He went to school for four years undergrad, four years medical school, and 5 years residency. He works 80 hours a week. Does he still have to work 80 hours a week for roughly 10% of his former salary? You people are DELUSIONAL.

[-] 1 points by coolnyc (216) from Stone Ridge, NY 2 years ago

I don't know who you are listening to but it isn't about taking away the hard earned wages of your labor. It's about politicians selling their souls to special interests to get elected. It's about unregulated gambling with the wealth of our great country. Work hard. Be productive. Reap the rewards. That's good for everyone. It's the BIG boys playing the system - a system that they built by buying influence from our elected officials - at others expense of the rest of us that are the problem.

[-] 1 points by Wallstreetitsover (25) 2 years ago

right on partner! couldn't of said it better....

[-] 0 points by Mariannka (63) 2 years ago

I am amased at how Occupy works. Would like to have your input on the movement to understaqnd it better. I am asking you to answer 10 questions and I am happy to share results if you are interested. Please, take some time for it: Thank you! http://www.surveymonkey.com/s/Q3NF7QB

[-] 1 points by gettro (40) 2 years ago

your copy and paste skills are almost as good as mine

[-] 1 points by Mariannka (63) 2 years ago

I also have opened a forum, would love to generate discussion on organising the movement.

[-] 1 points by Wallstreetitsover (25) 2 years ago

yes! maybe we should start a Forum on finding leadership/organization ideas for a million people march on The Hill. After all, what's so great about this movement is we all are opened mined; we are all just trying to find the right way to close those unfair loopholes, which I feel the two I mentioned we be a major gain: for instance the Dodd Frank Bill was so watered down by banking lobbyist, it's like getting back 10% of Glass-Steagall Act. Let's keep the talk going...promise to fill out the info for your site soon :)

[-] 1 points by gettro (40) 2 years ago

your infinite patience for nonsense like me has impressed me greatly

[-] 1 points by Mariannka (63) 2 years ago

:-) BY the way, do you have a better idea how to generat ethe input in astructured way. This questionaire should be only a first step, the free flowign discussion is great, but...

[-] 1 points by gettro (40) 2 years ago

you should post a few different versions of your paragraph so that people think that they are reading something new.

[-] 1 points by Mariannka (63) 2 years ago

OK. point taken.

[-] 1 points by Wallstreetitsover (25) 2 years ago

will do.

[-] 1 points by Mariannka (63) 2 years ago

Great, there is need to understand how this works, otherwise movements haev a life cycle......

[-] 1 points by Wallstreetitsover (25) 2 years ago

yes, they loose their fire and burn-out; but, I think this movement is going to create New Party for the People, one the people can elect who they want, verse what the two party system gives us now...lobbyist

[-] 1 points by Mariannka (63) 2 years ago

Hmm. Have your done the questionaire yet? I am trying to see if there is a new way of energy, have done reading and trying to see if it is a unique thing. Is it sustainable what can eb the outcome? Next steps?

[-] 1 points by Wallstreetitsover (25) 2 years ago

how about solar, tipping point is almost here, from 2008:

Solar power currently provides less than 1% of the world’s energy, but a panel of experts announced in early 2008 that solar energy is part of a sustainable future.

Ray Kurzweil: A tipping point is that it’s more effective and less expensive than the alternatives.

That’s Ray Kurzweil – inventor, writer, futurist, CEO of Kurzweil Technologies – and part of a blue ribbon panel that explored engineering challenges for the 21st century. He said he believes the tipping point for solar energy will come soon.

Ray Kurzweil: It’s going to be economically attractive. Even if nobody cares about environment, or let’s say particular organizations don’t care about the environment, they’re going to go with the least expensive solution. Solar energy has the added benefits that it’s renewable, it’s friendly to the environment, and we have plenty of solar energy. We have 10,000 times more sunlight that we need to meet all of our energy needs.

The panel announced its findings at the February 2008 meeting of the American Association for the Advancement of Science.

Ray Kurzweil: In energy, the tipping point is well defined, that is the cost per watt. Right now, using these old traditional solar panels, the energy per watt is 3 or 4 times more expensive than fossil fuels. But, solar energy cost is coming down, whereas fossil fuels are doing the opposite. And based on those trajectories, a crossing point where solar energy will be cheaper than fossil fuels is definitely within 5 years, maybe sooner.

Kurzweil was part of a panel convened by the National Academy of Engineering at the request of the National Science Foundation. The panel included experts from a wide range of fields, from a founder of Google and a pioneer in the mapping of the human genome to a Nobel laureate and a past director of the National Institutes of Health.

Members of the panel announced the engineering challenges on Feb. 15, 2008, at the American Association for the Advancement of Science (AAAS) annual meeting in Boston.

The group identified 14 challenges for the future – one of them being how to make solar power economical.

Related:

Print your own organic solar cell, someday

Our thanks to:

Ray Kurzweil Kurzweil Technologies Wellesley, MA