By Mary de Camp
I just read this article & would like to register an opinion…
With news of a recent $2 billion loss by JP Morgan/Chase bank due to “hedging”, I wonder why my government devotes so much time and attention to peaceful demonstrations against the current economic and political systems. Occupy Protesters, those brave souls who earned Time’s coveted “Person of the Year” status, are the problem?
Surely someone – anyone – you and me!?! – should be making a ruckus about the status quo. The only repercussion I heard from the $2 billion “oopsy-doodle” was that a high-ranking female bank officer resigned. Well! ‘at should do it, doncha think? Problem solved! Let the system self-correct, just as the invisible hand of the market always does, right?
Our senior senator, Jon Kyl, believes that. His statement was about how this fiasco provided important information for bankers and that they’ll fix it and nobody would be upset if the “hedge” had generated $2 billion in profits. Ugh. This is the same guy who was widely mocked for his “not intended to be a factual statement” quote following his faux pas about 90% of Planned Parenthood’s business was in abortion services.
Can’t we do better, America? What’s up with you, Arizona? Whose side are those “government agents” on, anyway? Let’s work to alter the balance of power and return everyone’s dignity. It’s gotta be rough on the 1% to feel so disconnected from, different than, and threatened by Occupiers.