Monday, November 28, 2011

WHAT DID OCCUPY WALLSTREET ETC REALLY WANT?

No 1 agenda item: get the money out of politics. Prevent boundless sums enter the campaign process.

No 2: reform the banking system to prevent fraud and manipulation, with the most frequent item being to restore the Glass-Steagall Act – the Depression-era law, done away with by President Clinton, that separates investment banks from commercial banks. This law would correct the conditions for the recent crisis, as investment banks could not take risks for profit that create kale derivatives out of thin air, and wipe out the commercial and savings banks.

No 3: draft laws against the little-known loophole that currently allows members of Congress to pass legislation affecting Delaware-based corporations in which they themselves are investors.

Naomi Wolf
guardian.co.uk, Friday 25 November 2011 12.25 EST
Article history

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