Look Out, Wall Street, the New Populism is Coming

[eridani]

http://www.nationofchange.org/look-out-wall-street-new-populism-coming-1400335423

The fear triggered in some circles by a figure like Sen. Elizabeth Warren (who is the keynote speaker at The New Populism Conference) is based, not on concerns about “blood lust,” but on an understanding of the politics involved. Washington insiders can protect Wall Street – and themselves – only so long as nobody represents the majority on the political stage. Once a populist alternative appears, like that represented by Sen. Warren and like-minded politicians, this “bipartisan” tilt toward bankers becomes much harder to maintain.

Why? Because these populist leaders aren’t just proposing the right policies toward Wall Street. They’re also offering very popular policies with much deeper and broader support than those of the Clinton, Bush, or Obama administrations. Polling results compiled in CAF’s PopulistMajority.org website show, for example, that:

•More than half of those polled last month think the problems with banks that led to the 2008 financial crisis haven’t been fixed (to a large extent, they’re right);
•Two-thirds of those polled believe that Wall Street financial institutions make it harder to find good jobs in the United States than was true in the past (again, there’s a lot of truth to that, given the increasing share of national profits being captured by the nonproductive financial sector);
•Two-thirds believe there should be more government oversight of financial institutions such as banks and credit card companies;
•More than nine out of 10 people polled believe it is important to regulate financial services in order to ensure fairness toward customers;
•80 percent of those polled supported the creation of the Consumer Financial Protection Bureau (CFPB) after learning about Wall Street’s role in the economic crisis of 2008;
•83 percent believe that new rules should be implemented for Wall Street, and that bankers should be held accountable for the actions that caused the financial crisis.












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[annabanana]

1. They will fight against this harder than

they've fought anything, ever, anytime, anywhere...

[cantbeserious]

2. The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us

eom

[Squinch]

3. I had an interesting conversation with a friend who holds a position at a major brokerage house

in which she is able to see a lot of the planning and inner workings.

She said that the internal departments were all reorganizing in anticipation that a Glass Steagall-type move is coming in the near future. They are separating out their commercial and investor operations and departments. When I asked why, given that Dodd Frank didn't require any such thing, she said that she didn't know, but that it was a clear effort that was going on.

Hopefully this will reduce the opposition to some kind of sensible legislation to get everyone's money out of the hands of the insane, coked-up gamblers.

[socialist_n_TN]

4. Well, it is called "populism".....

because the positions are popular.