November 4, 2011Occupy Wall Street heralded by almost all including the president of the United States is less about the 'Haves' and 'Have Nots' but about the rule of law enforcement.
From the way street cops are treating people within the ranks of protest, all the way to the top officials in our SEC (Securities and Exchange Commission) as they fail to enforce the law of the exchange of securities. And quite literally, the security of the nation and other nations are imminently threatened.
There was a distinct tone of a threat of war upon the United States by major nations effected by our destructive, unrestricted investment system.
Selling collateralized debt obligations is a unique idea as a tax shelter in a package on a big scale. Selling these CDO's without a statistical model for our FEDR (Federal Regulated bank) is like jumping off a ship at sea without a life preserver.
Give free people in a prosperous society keys to the banks, like Americans, and don't bother to ask yourself if they'll steal. We do! And, we did.
"Somebody will write it off" became such a mantra in this cash starved social nation of debtors that when it became a commodity, traded internationally there were no 'cops' around to enforce the rule of law.
Now, CDOs are financing desperate old people on fixed income to fight eviction. So, don't cry foul about credit default portfolios. There came come good from the evil, greed.
What shows lacking in our great American system, is restraint and enforcement. Restraint on the street level of enforcers, and enforcement of the actual laws of record, the rule of law from the top commissioners.