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My Sunday Business Washington Post column is a special Tuesday edition: Occupy Wall Street needs to occupy Congress and lobbyists
Here’s an excerpt from the column:
“There is an unfocused financial rage in the United States.
It was born in the late 1990s on an unholy trinity of accounting swindles, the dot-com collapse and analyst scandals. It grew on a housing boom and bust that created 5 million (and counting) foreclosures, leaving more than a quarter of bank-financed homes worth less than their mortgages. It matured on a growing wealth disparity that eviscerated the middle class and brought back the plutocracy of the 1920s. It reached its peak with the bailout of reckless bankers, who were rewarded for their irresponsibility with what may be the greatest wealth transfer in human history.
And now it seems to be finding its voice with the movement known as Occupy Wall Street.”
It will be interesting to see if there is any response to this in the halls of power in DC.
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Source:
Occupy Wall Street needs to occupy Congress and lobbyists
Barry Ritholtz
Washington Post, October 17, 2011
http://www.washingtonpost.com/business/economy/occupy-wall-street-needs-to-occupy-congress-and-lobbyists/2011/10/14/gIQAap0DsL_story.html
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