Wednesday, July 5, 2017

Why Wall Street Should Be Viewed as a Major National Threat

Click here to access article by Pam Martens and Russ Martens from their blog Wall Street on Parade

The Martens are no leftist revolutionaries. Rather they are reformers of the capitalist system because they believe naively that they can with their little blog alert Americans to the Wall Street's self-serving hold on the American economy--thus on the US itself--and then Americans will elect representatives who will regulate these Wall Street subversives in order to keep the economy stable. There is no hint in their writings of a "Deep State", 24/7 surveillance of ordinary Americans, the prolific organs of ideological control and news management, the insidious insertion of laws that create a police state if needed, etc.
Both the Democrat and Republican party platforms for the 2016 presidential campaign promised to rein in the abuses of Wall Street by restoring the Glass-Steagall Act and its separation of insured banks from the wild speculations of investment banks on Wall Street. Only an uproar from the American people and strident, ongoing editorials from our nation’s newspapers will bring that critical legislation to the fore.
However as reformers, they do dig up some interesting facts about the crimes of Wall Street  (a more acceptable liberal synonym for capitalists) and the deleterious effects that they are having on ordinary people of the US.