Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktMan arrested in Toronto for crawling into tents and sniffing some young lady’s feet. The poor foot-sniffer, just looking for olfactory justice for foot fetishists, was promptly oppressed by The Man™.
Reports of sexual harassment and assault at OWS events continue.
Protesters in L.A. have cost local government $45,000 so far. Redistributing wealth from other city services to protecting (and cleaning up after) the Noble Protestor.
Enthusiasm has apparently waned for some:
Rachel Goldie, 20, decided to leave the protest Wednesday because she felt it had been corrupted by people who didn’t care about economic justice. “Everybody is pretty much just partying it up,” she said.
Harassing people randomly is probably not the best way to sell your message. Occupy Baltimore distributes pamphlet urging victims of sexual assault not to report it to the police. Yay, enlightenment!
Lee Stranahan makes some ironic comments on OWS declaration via the medium of pictures. I especially like this one.
Lee also makes an argument for the fundamental differences between OWS and the Tea Party. Myself, I like Arun Gupta’s reflection upon the similarities of their root causes, while acknowledging various differences.
In NYC, residents are protesting the protestors. Noise pollution and garbage being two major issues.
The WSJ on OWS. Observations, some digs at Obama and MoveOn.org, but . . . I dunno, I expect more from you, WSJ. James Picht blames a sense of entitlement on the behalf of Wall Street bankers and welfare queens as the problem.
And that’s that, for now.
Filed under: Uncategorized |
All Things in Moderation 
Sorry Kev, I'm not biting today. No more defending OWS from me, I'm just not in the mood anymore. I'll let you guys have the floor. If I find an interesting link I'll try to post it though. I read yours.
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Np, lm. I find it interesting the OWS has become such a topic of conversation. That alone is an impressive achievement. And you really can't blame a guy for wanting to smell a girls feet. 😉
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lol, to each his own I guess.
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Speaking of links, this one from Taibbi is at least somewhat tangential. His point 2) is interesting as well.1) Bank of America is shifting a huge collection of Merrill Lynch derivatives contracts onto its own federally-insured balance sheet. This move of risky instruments off the uninsured Merrill balance sheet onto the commercial bank's balance sheet was done to prevent Bank of America's creditors from attacking the firm with collateral calls and other sorties. Essentially, an irresponsible debtor, B of A, is keeping a loan shark from breaking his legs by getting his rich parents to co-sign his loan. The parents in this metaphor would be the FDIC.The FDIC naturally is not pleased with this development, but the Fed, the supreme banking regulator, is apparently encouraging this move. Here's how Bloomberg characterized this move: In short, the Fed's priorities seem to lie with protecting the bank-holding company from losses at Merrill, even if that means greater risks for the FDIC's insurance fund. Again and again, the Fed proves it has no appetite for allowing Wall Street to eat its own pain, and continually encourages banks to stick the government with its losses and bad assets. This move will allow Bank of America to keep a Band-Aid over its disastrous financial situation far longer than it would be able to in a genuinely free market. People should be outraged at this development.
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"People should be outraged at this development."This is my issue with OWS. They're in the wrong place. I drive down Constitution Ave, past the Federal Reserve, on my way to work. And there's nobody camped out there.
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Re: B of A:I think the Feds may have "persuaded" BoA to take over Merrill and Countrywide. If that is the case, the least the government can do is help them ease out of the mess.
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Brent, I think that's a similar argument to the one scott was making the other day. I'm sure it's probably true, but then it doesn't speak to the grievance some have of the collusion between the banks and the Fed.
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