Occupy Wall Street protest demands outline complete and complex reforms to our financial system
The protesters behind Occupy Wall Street and their supporters, of which I am one, share a gut feeling of utter disgust, rage and frustration at the havoc our nation’s policies, from Washington to Wall Street, have wreaked not only on this current economy, but on hope of a more stable, widespread financial security for the future.
As such, the manifesto released by Occupy Wall Street is actually fairly complete, more so than its detractors would have people believe. The list includes requirements that others and I have argued for years, such as bringing back Glass-Steagall (i.e., breaking up the banks) and detaching corporate money and its influence from the political system.
More than at any other time in our nation’s history, bipartisan political leaders, regulatory bodies and quasi-private entities, like the Federal Reserve, have subsidized an unstable, risk-laden, abusive and sometimes criminal banking system, which, through its unchecked practices, has catalyzed what I consider another Great Depression that will last for years.