Even if this protest is ill-defined and ambiguous as to what exactly its directed at, the sense of frustration is understood. The financial system melted down. We are not recovering, because additional risks have remained loaded on -- and are threatening -- the financial system.
The "people in the street" sense this. There has been an injustice, as many major Wall St. firms have profited for many years using insane leverage and ridiculously cheap government money to take risks that threatened this system.
Generally they look like they're behaving decently well, at least from the photographs. And the right to protest is a valuable part of any democracy.
Stll, I think I'm leaning toward annoyance on this one. Don't know why exactly, but I thnk it's partly due to the lack of any clear objective, and partly due to a thought that these folks are just out for a long walk in the park with the dog.
Based on my experience, any loosely organized street movement that can survive for couple of weeks has the potential to be a big one. If I am the leader of NYPD, I will be really concerned. Once the movement has a strong leader (someone from Tea Party?), it will rock the Wall Street.
I agree that most people are apathetic about this movement. It seems more like people who have time on their hands than a real movement. Many pictures just show people dancing and having fun.
However, there are a lot of problems here. I think you need to start somewhere if things are going to get fixed. So let's pick one thing and get started.
I keep vacillating between empathy and annoyance at this protest, but after reading this post, I feel like I have a greater understanding. It is hard to capture frustration in words, and I think that's the bottom line here. People are simply fed up with the way things are going.
The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
To save this item to your list of favorite Investor Uprising content so you can find it later in your Profile page, click the "Save It" button next to the item.
If you found this interesting or useful, please use the links to the services below to share it with other readers. You will need a free account with each service to share an item via that service.
Tweet This