For the past few months at Occupy we’ve been focusing more and more on having a single message and goal. That has been to break up the big banks.
What’s great about this goal is that it’s a non-partisan issue; there is growing consensus (among non-bankers) from the left and the right that the current situation is outrageous and untenable. What’s not great, of course, is that the situation is so easy to spot because it’s so heinous.
Yesterday another voice joined the Break-Up-The-Big-Banks chorus in the form of an editorial at Bloomberg (hat tip Hannah Appel). They wrote a persuasive piece on breaking up the big banks based on simple arithmetic involving bank profits and taxpayer subsidy. Even the title fits that description: “Why Should Taxpayers Give Big Banks $83 Billion a Year?”....Occupy Wall Street Alternative Banking Committee
Break up the megabanks already
Cathy O’Neil | mathbabe.org
Not only is Occupy not dead or dead in the water, either, "occupy" as a strategy is going to happen. I don't have any idea when or under what circumstances but it is pretty obvious the present course in not sustainable and when enough people are hurt badly enough by it to get off their butts, then places are going to be occupied. But putting a clock on it is not possible now.
