The Occupy Wall Street protests are obviously targeting Wall Street, i.e. the giant banks.The Occupy the Fed protests – led by Alex Jones, the Oathkeepers and other conservatives – are targeting the Federal Reserve.*While some are trying to weaken these two movements through a divide-and-conquer strategy, the truth is that they are two sides of the same coin.Specifically, the corrupt, giant banks would never have gotten so big and powerful on their own. In a free market, the leaner banks with sounder business models would be growing, while the giants who made reckless speculative gambles would have gone bust. See this, this and this.It is the Federal Reserve, Treasury and Congress who have repeatedly bailed out the big banks, ensured they make money at taxpayer expense, exempted them from standard accounting and the criminal and fraud laws which govern the little guy, and encouraged them – through “moral hazard” – of becoming even more reckless.Indeed, the government made them big in the first place....
Read the rest of the post at Washington's Blog, Occupy Wall Street and Occupy the Fed: Two Sides of the Same Coin
Washington's Blog is often out of paradigm but it is a useful aggregator of information on important subjects. This post is particularly significant in that it shows how the left and right are complementing each other in the attack on the financial freewheeling and fraud, and political corruption that has led to economic chaos.
