Friday, March 25, 2011

Let’s Drag This Out In the Sunshine

Let’s Drag This Out In the Sunshine: "

srsly. gives me pause.


Original TheBlaze post”


[Steve Lerner, formerly of SEIU] And so there are actually extraordinary things that we could do right now that would start to de, destabilize the folks that are in power and start to rebuild a movement.


…And so the question would be, what would happen if we organized homeowners in mass to do a mortgage strike. Just say if we get, and, and, if we get half a million people to agree, we’ll all not, we’ll agree we won’t pay our mortgages, it would literally cause a new financial crisis.


…The folks that control this country care about one thing: how the stock market does; how the bond market does; and what their bonus is. So I think we weed out a very simple strategy: how do we bring down the stock market, how do we bring down their bonuses, how do we interfere with their ability to, to be rich. And if we don’t do, and that means you have to politically isolate them, economically isolate them and disrupt them.


…Yes. …connect three ideas – that we’re not broke, there’s plenty of money; they have the money, we need to get it back; and that they’re using Bloomberg and other people in government as the vehicle to try to destroy us. And so that we need to take on those folks at the same time and that will start here.


Original BusinessInsider post:


The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.


Video here


letter sent from Rep. Jason Chaffetz (R-UT) to Attorney General Eric Holder requesting investigation here


Ezra Klein’s take


Whatcha think? Any economic insights? Any viable alternative plans for those holding vulnerable assets in their 401K, etc… Any pools as to the over/under on Holder investigating this as “economic terrorism?” At all?

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