Occupy Wall Street Protests not working? What do you think?

[Kasz216]

richardhutnik said:

Kasz216 said:

So again.... Ben Bernake is not a Wall Street insider... the fed is a government agency AND the bailout was decided by congress.  If you want a reason why the bailouts happened?  Why not mention Congress' ability to insider trade.... legally.

I mean it's crazy I have to point all this out, considering I was never in favor of the bailout, and still aren't, and think in reality in an Ideal world the Federal Reserve would do almost nothing when it comes to monetary policy.

If I am not mistaken I DID mention insider trading by congress in here, and it got linked up with this comment: "Well, golly, protest Washington over that".  I did mention it before.

And the Fed is as much of a Federal Agency as Sallie Mae is.

Which is... you know, what should be going on.  Protesting Wallstreet remains stupid.  Even if the protestors do start to hate on Obama.  (Though honestly, if i was going to vote for anyone so far, it'd probabbly BE obama, since the republican replacements at this point are well... just as bad.  Though I plan to just write in noone.)

Aslo, few problems with the bolded

1) Sallie Mae's federal charter was terminated in 2004.  So you would of been better going with Freddie Mac or something.

2) Sallie Mae's leaders have never been apointed by the government. (or Freddie)

3) Sallie Mae has never given over it's profits to the government. (Or freddie)

 

The government has as much control over the Federal Reserve as it does the CIA.