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Originally Posted by Daradon
Some of it definitely is apathy for sure, but like I said in my case it's more of a case of not understanding what it is these people want to accomplish mostly because they don't have a clear concise message.
And I guess, it's not entirely all their fault, I mean it's a lot easier to protest a war and get troops out ala Vietnam than fix the wealth gap and corruption in a social and political system. But still I think they should have had more of an idea of what they wanted to accomplish or how when they started this. Even their slogan 'What's our demand?' sounds ridiculous. It can either be taken as sounding clueless, or immature. The whole thing just isn't being done very well.
I heard about this when it started and was quite excited about it, but after finding out more about it, I found it hard to care about.
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In general, no laws were broken because the regulatory environment had been lessened or hadn't existed in the arena in which dangerous leverage was created . . . . . hence no one going to jail.
The Canadian banking system emerged from the 2000's as a global star, not because our bankers were smarter than the others but because our politicians had confined them to a regulatory straight jacket that kept them from following the global herd. In actual fact, our clever Canadian bankers spent a lot of the 2000's protesting this government imposed straightjacket even though our system allows them a semi-monopoly as compensation.
We have seen these leverage bombs taking us down before. Usually they arise out of non-regulated environments, where smart guys figure out there are no rules and dive in, followed by everyone else until the grand explosion. In this case, the world of derivatives and packaged mortgages.
All of this has happened before and all of this will happen again . . . . some way, some how. There's always someone looking for an angle.
So . . . . . I'm kind of wondering why these people are protesting on Wall St. when the animals working there were only doing what came instinctively and was essentially allowed by rules.
Instead, they should be protesting outside of Congress and the White House or state legislatures because, ultimately, those are the places that open or close the gates.
This was about the cage, not the lions in the cage.
Cowperson