Worst-case scenario's closing fast: Occupy Wall Street growing. But no political power or allies yet. Feared yes, attacked by GOP proxy tea party. Soon the Occupation will explode into a new American Revolution.
When? A string of European bank collapses is dead ahead. And like the Arab Spring, they will trigger an economic disaster for American banks.
Yes, coming soon says Martin Weiss in his "7 Major Advance Warnings," which is "bound to have a life-changing impact on nearly all investors in the U.S. and around the globe." His new Weiss Ratings warnings are the "most important" in a 40-year career. The stress on Wall Street banks will force them back to Congress for more bailouts.
Warning eight: No new bailouts. That will push the economy into a deep recession.
Then what? New Glass-Steagall? Not enough. Tax the rich? Not enough. Perp walks? Not enough. Presidential commission? Useless promises. Occupy Wall Street will fail without a fundamental constitutional change. No compromise. Or Wall Street wins, again. We go back to the same free market, deregulated, too-greedy to-fail, conservative Reaganomics policies that have been destroying democracy for a generation.
Comment: Citigroup and the SEC, protecting Investors, while Americans go homeless!
If this Editor understands the above it sounds simply as if: In 2007 Citibank used "collateralized debt obligations" covered by junk assets to bet against mortgages that were destined to fail (due to the looming job-less market), knowing of the coming economic collapse in the housing(/job) market without investors knowing. So investors complained and the SEC got investors their money back. In the end 1,000's of people have lost their homes and gotten no help. If I'm not understanding, one thing is still obvious: