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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 7 4:00 PM EST

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To: Hawkmoon who wrote (81119)	10/10/2011 3:21:43 AM
From: Maurice Winn	4 Recommendations Read Replies (1) of 217576

Hawk, it really does puzzle me what "reform" means in regard to "Wall Street". <only public pressure will lead to the reform of Wall St. and it's incestuous relationship with American politics. > En masse, people get what they vote for. What's particularly ironical is that those most opposed to "Wall Street" are those least likely to vote for the little government that's required. They want big government and Big Brother. They should not be surprised when they get it. They voted for Obama in droves. Obama spent money, upping the ante from $billions to $trillions in a single term, he buddied up with "Wall Street". He had "shovel ready projects" like funds for Solyndra and any number of "stimulus spending" special pleaders. Obama is supporting the Occupy Wall Street people because he knows they'll vote for him some more. I have dealt with "Wall Street" for 20 years now and it seems okay to me. There aren't any reforms requiring legislation and regulation that I have been thinking would be a good idea. Big Ben and Uncle Al KBE have done a good enough job [near enough for government work]. It's absurd that bludging borrowers blame the Federal Reserve for the fact that they offered too much money for houses. As second defendant they blame the stupid creditors who loaned obviously hopeless cases too much money for obviously over-priced houses. The mortgagees were supposedly skilled in the art of lending money. Not so. It's reasonable to blame politicians who demanded [apparently though I haven't checked myself] that loans be made to people with extra melanin. But the politicians who demanded the bad loans be made are not in trouble from the Occupy Wall Street people. Mqurice

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