Saturday, October 22, 2011

Anger against Wall Street Criminals, or helping the 5,000 to 10,000 daily foreclosure victims, which should be more important to the Occupy Movement?

When I went to college many years ago, I noticed that what fueled most college level protests were anger against something or someone. It was much easier to find anger energy among my fellow college students than proactive energy that involved helping others. 


I fear the Occupy movement is in danger of focusing too much energy on anger towards wall street,  their own student loans, and ending the fed, and perhaps not enough energy on actually saving the 99% from the further loss of their remaining assets.
What is the point of punishing wall street if in that same amount of time millions of homeowners are unfairly foreclosed upon? 
Today I had what I consider to be a disturbing chat discussion on the Los Angeles Occupy Live stream.

On the Los Angeles live stream chat I mentioned that 5,000 to 10,000 homeowners are being foreclosed upon on a daily basis and I got the following series of responses from one responder who shall remain nameless. "NPR does stories about the home foreclosures", the implication being that the foreclosure victims are already being publicized and therefore are a non issue in the Occupy Movement. 


This comment was then followed by a reference to foreclosure victims as "those people". Not to be outdone, the "those people" comment was explained as meaning many of the foreclosure victims were actually foreigners buying up properties in the United States, and therefore not U.S. citizens.
Can the Occupy Movement afford to believe that the 5,000 to 10,000 home daily foreclosures is not a top priority?
Then there is a certain percentage of occupiers who want all of their debts wiped free and clear. I feel that this is the kind of tactic or maneuver I would expect from the CIA were they to attempt to cause disruption and public disfavor over the Occupy Movement.
I am amazed at how many people just don't get that it is the interest rate charges on debt that can make the debt insufferable and impossible to ever pay back. 
Just like the Republicans versus Democrats, I feel like I am witnessing the ultra's from opposite ends of the political spectrum battling each other. The republican conservatives who want to ridicule the Occupy movement as being about entitlements and freebies on side, and those within the Occupy movement who clamor for entitlements, freebies, and revenge on the other side.
Right now the banks are running their foreclosure buzz saw at the rate of 5,000 to 10,000 homes a day and the "no restructuring of debt unless the homeowner first defaults" is the blade the bankers are using to do their dirty work.
From my experience, the Occupy Chat rooms are 99 comments about bringing prospective wall street criminals to justice, debt absolution and end the fed, for every 1 comment about how the banks are STILL stealing assets from main street. That's a 99% I don't want to be a part of, do you?
What is going to be the number one priority of the Occupy Movement, anger at wall street, or coming up with a simple tool for fighting the banks when it comes to the foreclosure and defaulting of the 99%?
If we change one simple banking rule to "Restructuring a Debt DOES NOT require a default first" main street can begin to fight back against the "law abiding" bankers who presently are defaulting on anybody who asks for a debt restructure.


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