The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- At first, he thought Occupy Wall Street was dangerous. Now, Mitt Romney understands the source of the group's anger. It is though America's anger. The people at the center of a global financial crisis have been laughing all the way to the bank, on the coattails of taxpayer-funded bailouts and by maximizing personal wealth at the expense of shareholders and employees. As a presidential hopeful with private and public sector experience, Romney is able to understand the source of this anger and he would be right to champion resolving it. Wall Street is not a symbol of what's wrong in America. It is the source for what's wrong with America.
|GOP presidential candidate Mitt Romney|
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American businesses, unlike others in the world, have always had a laser focus on maximizing shareholder value that has driven enormous wealth creation for the nation. Wall Street too often focuses on personal wealth creation and maximizing the compensation of executives and traders. Americans have always taken pride in being honest hard workers who find public assistance humiliating. Wall Street celebrated public assistance because it augmented their bonus pool. In America, risk takers are either rewarded or they lose their shirt. On Wall Street, they take the risks and the American people lose their shirts. America has earned a global reputation as a nation of innovators: a country that creates products that make the world a better place. The innovations from Wall Street have sullied this reputation by innovations that brought the world a global financial crisis. The American dream used to be every American's dream. The aftermath of the financial crisis, leaves many unable to dream.