General Discussion
In reply to the discussion: Let's Not Forget OWS... [View all]sabrina 1
(62,325 posts)about. That is why I asked the question. Congress approved the laws that allowed the financial meltdown to happen over the past decade. Not just Republicans, Democrats. All but 7 Democrats voted to end Glass Steagal in the Senate eg.
So if everyone knew all this, how come no one stopped it? Was anyone screaming at Clinton not to sign the Gramm Blilely Bill? Dorgan was, he predicted the meltdown if they signed that bill. But who listened to him? Where were all the loud voices, like OWS, to stop them from that disastrous vote?
They would have a much more difficult time doing that now, thanks to the awareness raised by OWS about this partnership between our government and Wall Street. But back then, apparently only a few, Brooksley Born eg, who was run out of town with no objection from all these supposedly informed people, were raising the alarm, by Democrats, not by Republicans. They were lonely voices. Not so anymore.
There was a huge need for a movement like OWS to make sure that what has happened over the past decade doesn't happen again, at least without the public knowing about it, and people like Brooksley Born and Dorgan and the other lonely few, have the public's support when they try to stop them.