Wall_Street

It isn't enough just to scream at the Occupy Wall Street demonstrations. We need our political system to start reflect this anger back into, 'How do we fix it? How do we get the economy going again?'

Whether one agrees or disagrees with the tactics of the Occupy Wall Street movement, it's easy to understand the inspiration for its anger as well as its impatience.

Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.

I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street.

I got all the respect in the world for the front-runners in this race, but ask yourself: If we replace a Democratic insider with a Republican insider, you think we're really going to change Washington, D.C.? You don't have to settle for Washington and Wall Street insiders who supported the Wall Street bailout and the Obamacare individual mandate.

If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.

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Sharia has become an increasingly significant force in American capitalism, thanks to the embrace by Wall Street and the U.S. government of so-called Sharia-Compliant Finance. Indeed, this country's taxpayers now own the largest purveyor of sharia-compliant insurance products in the world: AIG.

We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's, or Abraham Lincoln's?

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

Over the objections, where they sound like squealing pigs, over the objections of Romney and all his allies, we passed some of the toughest Wall Street regulations in history, turning Wall Street back into the allocator of capital it always has been and no longer a casino. And they want to repeal it.

The history of Wall Street is inseparable from New York.

Every president needs to deal with the permanent government of the country, and the permanent government of the country is Wall Street oligarchs and corporate plutocrats and the questions becomes what is the relationship between that president and Wall Street.

What you're seeing with Occupy Wall Street and the others are people who are unhappy and they're directing their unhappiness now toward Wall Street and toward those they think are doing too well in our society.