A Sign Occupy Wall Street Is Having Political Impact

Discussion in 'Politics' started by hvactec, Dec 24, 2011.

  1. hvactec
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    hvactec VIP Member

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    For those saying that Occupy Wall Street hasn't had a concrete effect, take a look at this. It's not much, but it's a little something. The leaders of the House Financial Services Committee announced yesterday that they will be holding hearings on the SEC's practice of concluding settlements with Wall Street defendants without forcing the accused to admit to wrongdoing.

    This whole thing seems to be the creature of ranking Republican Spencer Bachus.
    From his site:

    "The SEC’s practice of using 'no-contest settlements' has raised concerns about accountability and transparency, and I’m pleased the Committee will examine these concerns in a bipartisan manner," said Chairman Bachus.


    If they actually do something about this, then it'll be time to give them a pat on the back. But in the meantime, we can expect to see a lot of things like this in an election year marked by an absence of a real galvanizing message coming from either party. With OWS and populist anger generally filling that messaging void, there are going to be a lot of politicians who will look to capitalize by doing things like, for instance, beating up on the SEC in a few days of well-publicized but ineffectual hearings.

    Spencer Bachus to positioning himself as a champion of Wall Steeet reform is, of course, hilarious. Not only was he one of the leaders of the opposition to even the very mild Dodd-Frank reform, he went out of his way to stall changes to the rules governing derivative trades that would have prevented abuses like JP Morgan Chase's rape of Jefferson County, Alabama. This was particularly egregious because Bachus, who was the House's third-biggest recipient of Wall Street money and a heavy beneficiary of donations from Chase, happened to be Jefferson County's congressman.

    So this guy is no enemy of the banks.

    Read more: A Sign Occupy Wall Street Is Having Political Impact | Matt Taibbi | Rolling Stone
     
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  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I hope people remember Obama's antisemitic, Marxist OWS for 2012
     
  3. Dragon
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    Dragon Senior Member

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    CrusaderFrank is a liar.

    To be clear: Occupy is neither Marxist, nor antisemitic, nor Obama's.
     
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  4. occupied
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    occupied Gold Member

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    Congressmen hold hearings all of the time intending only to seem like they give a shit.
     
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  5. georgephillip
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    georgephillip Gold Member Supporting Member

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    "From the Arab Spring to Athens from Occupy Wall Street to Moscow..."

    There is a global awakening arriving just in time for the US 2012 presidential coronation.
    Whether it's Romney or Newt or Obama the 1% win.
    "The Year of the Protestor" says there are alternatives:

    "Time Magazine paying homage to the global protester of 2011 as the person of the year is a double-edged sword. On the one hand it is an unexpected honor for occupiers in this country to be singled out for attention this Holiday Season — without the use of pepper spray to highlight their importance, not to mention discourage what they do best: protest...

    Look in the eyes of the of the 99%

    Time Magazine's 'The Protester': The Eyes Have It | Common Dreams
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Reality is unkind to Dragon.

    Occupy is Marxist, antisemitic and Obama's.

    Boo Hoo.

    Boo Fucking Hoo.
     
  7. georgephillip
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    georgephillip Gold Member Supporting Member

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    "2011 was a revolutionary year for a new movement that is changing the world. From NYC to Cairo, we are just getting started. We are still busy building this amazing movement, and we couldn't do it without you -- our supporters! Let's make next year even better!

    "(This video was passed by consensus through the New York City General Assembly on Tuesday, December 20, 2011.)"

    OWS Thanks Our Supporters! | Common Dreams
     
  8. Jackson
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    Jackson Gold Member Supporting Member

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    Hearings on the SEC have been urged for a long time before OWS> The only thing that OWS has accomplished is that cities are not going to take the abuse of the laws any longer.
     
  9. FactFinder
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    FactFinder VIP Member

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    A Sign Occupy Wall Street Is Having Political Impact

    You need no sign. You can be confident that it is a fact.
     
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  10. Sunni Man
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    Sunni Man Diamond Member

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    The ideology of the OWS protesters is 100% Marxist in both rhetoric and goals. :doubt:
     
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