Occupy Wall Street’s Beef: Wall Street is Cheating

These people aren’t protesting money. They’re not protesting banking. They’re protesting corruption on Wall Street.

When you take into consideration all the theft and fraud and market manipulation and other evil shit Wall Street bankers have been guilty of in the last ten-fifteen years, you have to have balls like church bells to trot out a propaganda line that says the protesters are just jealous of their hard-earned money.

Think about it: there have always been rich and poor people in America, so if this is about jealousy, why the protests now? The idea that masses of people suddenly discovered a deep-seated animus/envy toward the rich – after keeping it strategically hidden for decades – is crazy.

— Matt Taibbi, Blog post at Rolling Stone

Matt Taibbi finally articulated what I have been trying to find words for. I don’t begrudge Wall Street, or anyone, their good fortune (I seek the same good fortune). I just begrudge the way a few people have rigged the system in their favor.

Similar Posts

  • The Illusion of Knowledge

    The greatest obstacle to discovering the shape of the earth, the continents and the ocean was not ignorance but the illusion of knowledge.

    — Daniel Boorstin

    To really appreciate the profundity of this quote you have to think back to Galileo (1564 – 1642) and his epic battle with the Roman Catholic church over the nature of our solar system. Although Copernicus (1473 – 1543) had developed the heliocentric theory a hundred years earlier, the “prevailing wisdom” maintained that the earth was at rest at the center of the universe while the sun and the planets revolved around it.

    But Galileo had a telescope — and became convinced that Copernicus was right. He championed the sun-centric “theory” at great personal risk. He was declared a heretic, forced to recant, and spent the last years of his life under house arrest. The church did not lift its ban on the general prohibition against works advocating heliocentrism until 1758.

  • Reading

    Books must be read as deliberately and reservedly as they are written.

    — Henry David Thoreau, Walden

    I have always been a deliberate reader. When I stumbled across this quote while reading Walden so many years ago, it simply gave me permission to enjoy the pace at which I read. Good writing is more than just conveying ideas or recounting a story. Good writing creates a mood, and images, and evokes emotions — and these cannot be digested while speed reading.

    One of my favorite writers is Pat Conroy, and my favorite book of his is Prince of Tides. When I read this poetic prose I am drawn in to the rich and colorful images Conroy is able to create. Every sentence feels like a sculpture carefully crafted.

  • Just Be

    Sometimes the best thing we can do is to stop “doing” and just be. You don’t have to “be” anything. We don’t have to “be” quiet, or productive, or useful, or nice. Just be.

    In his brilliant album that gave music and lyrics to Richard Bach’s Jonathan Livingston Seagull, Neil Diamond wrote:

    Be, as a page that aches for a word that speaks on a theme that is timeless.

  • Be the Best of Whatever You Are

    If you can’t be a pine at the top of the hill,
         Be a shrub in the valley – but be
    The best little shrub by the side of the hill;
         Be a bush if you can’t be a tree.

    If you can’t be a bush, be a bit of grass,
         And some highway happier make;
    If you can’t be a muskie then just be a bass,
         But the liveliest bass in the lake!

    We can’t all be captains, some have to be crew,
         There’s something for all of us here;
    There’s work to be done, and we all have to do
         Our part in the way that’s sincere.

    If you can’t be a highway, then just be a trail,
         If you can’t be the sun, be a star;
    It isn’t by size that you win or you fail,
         Be the best of whatever you are.

    — Douglas Mallock

  • Financial Rigor

    One of the things you learn in engineering is to be rigorous. If you build a bridge that falls down on a windy day, there’s going to be hell to pay. Financial markets are not like that; they are very noisy. It’s hard to tell who’s skillful and who’s just lucky. And a lot of analyses are done in extremely haphazard, primitive ways, but the investing public doesn’t know any better.

    Feb 23, 2009 issue of Wired.

    Dan diBartolomeo is the head of Northfield Information Services, a Boston financial analysis firm. He has a long history of analyzing investment strategies and complex securities. His comparison of financial markets to the rigors of engineering is noteworthy.

  • Canada Relations

    Geography has made us neighbors, history has made us friends, economics has made us partners, and necessity has made us allies.

    — President Robert F. Kennedy on US / Canada relations.

    The US President’s first foreign trip is highly symbolic. Yesterday President Obama reinforced a long standing tradition and made Canada the destination for his first foreign trip. President Bush’s first foreign trip was to Mexico. US / Canada relations were strained throughout his entire term. Presidents Jimmy Carter and Gerald Ford never visited Canada at all.

    Granted, this trip was more than a pit stop than an extended visit. He arrived in the morning to meet with Prime Minister Stephen Harper, ate through a working lunch, held a joint news conference, met briefly at the airport with the leader of Canada’s opposition party, and was back home in the White House in time for dinner.

    Even though he only had time to pop in for a quick chat, I am glad that my native country is back at the top of the list for our new US President.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.