I know it's been a while since we have talked. I regret to have been unable to perform my duties in relation to this blog due to personal and professional distractions. I am breaking my current silence tonight inorder to share a message with you from me to the occupy wall street protesters. this message reads:
to the 99%,
The root of the problem that caused the financial crisis that stemmed from the housing bubble is the CDS (credit default swap). CDS's are basically a bet by wall street that people will default on their loans. as long as people are allowed to bet on loan defaults the system will be set up in such a way that makes it an eventual inevitability. one message I have not seen on any banner, "pizza box", or piece of card board, is "outlaw credit default swaps".
this is purely a moral issue. we should not fear those who are exercising their constitutional rights. nor should we demonize them inorder to protect the financial minority. it has allways been a fundamental American right to stand up and speak out against inequality and injustice. this is America at its best and should be supported. this is a movement that can and will change America but it needs to consolidate its message so that real progress can be made.
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