NEW YORK ( MainStreet) -- The Occupy Wall Street protest has evolved from a ragtag group of activists with no clear message and minimal media exposure to a multicity movement with more than a thousand participants in New York alone, plenty of coverage on the major networks and newspapers and ... still no clear message.When the protestors first moved into downtown New York, the group posted a message to its "unofficial de facto" Web site, OccupyWallSt.org, declaring its goal to not "let corporate greed and corrupt politics set the policies if
|As the Occupy Wall Street protest gains momentum, the movement still lacks a single cause to focus on.|
It's been three years exactly since President George W. Bush signed the Troubled Asset Relief Program into law, essentially providing a round of bailouts to the nation's largest financial institutions. So what better time to stage a protest on Wall Street to remind legislators that bailing out financial firms anytime in the future with taxpayer money will not be tolerated. To their credit, the Dodd-Frank financial reform package and a recent set of FDIC rules will require banks to outline how to unwind their businesses should they go bankrupt, thereby establishing a pathway around the "too big to fail" principle, but there is still nothing on the books technically preventing government from bailing out a financial firm should they deem it necessary.