The Class War has begun

Compelling read from Frank Rich in NY Magazine today. It is smart, recounts historically relevant protests from our past with eerily similar problems of wealth inequity and middle-class decay. How anyone can fail to see the problem being the rise of Financial Services - wherein labor results in people at the top making money from money - and making nothing else at all - and the complete lack of effective regulation on this industry. All this combined with the fact that these companies are too big to fail - IS THE PROBLEM.

We simply must regulate these industries, and I believe force banks out of gambling with our money (Glass-Steagall) and back to making money from banking alone. I also believe we must break up these banks and create smaller, less risky (small enough to fail) entities.



These steps alone are not negotiable - and are at the heart of the Occupy Wall Street anger. Time for Obama to tie this movement to his moniker of Hope and Change.

Think Global, Act Local: I for one am moving my money from a large bank to my local credit union right away - in solidarity with the movement.