Wall Street Change offers simple, logical solutions to tough economic problems
that appear to have been caused by Wall Street Investment Fraud.

Friday, November 11, 2011

Consolidating the Occupy Movement motives into a solid, concrete mission.


Many Occupiers have different ideas about what needs to be done so the odds of implementing all of these ideas are small, the odds all of these ideas canceling each other out are high.

I’ve researched banking, wall street and credit card companies for the past fives years and written a total of 2 websites and 10 bank watchdog blogs, all without any external funding so I am beholden to nobody. 

First I learned about all of the banking and wall street atrocities that hurt the 99%. Then I learned about a particular "WHY" regarding "why" some of these financial atrocities happen. Just recently I learned what could instantly save the 99% from further erosion of their wealth by wall street and the banks.

Right now, any debt restructuring by the 99% requires the debtor be placed into credit default first by the very entities that pay themselves undeserved and unknown millions and perhaps billions of dollars in yearly bonuses! 

Considering that there are ten’s of millions of debtors who need debt restructuring because of fraudulent wall street activity which tanked the economy, it is outrageous to have these thieves tell us that we are credit defaulters if we need our debts restructured.

So if the occupiers are truly looking for a unity of message while saving main street and the 99%, demand that justifiable debt restructure NOT require a credit default first.

It’s really that simple and direct.

Consider that the 99% lost 7.3 trillion dollars in Home Equity value since 2006, add in another trillion or two in 401K devaluation, add in ongoing high interest rates on credit card and student loan debt that siphon the ability to pay down a debt, and americans are being bled dry to the tune of over TEN TRILLION DOLLARS. 

Most of the 99%'s debt should be subject to debt restructuring without a credit rating default for the tens of millions of americans who need it.

Until non-default credit restructuring is passed into law, the bleeding of assets from the 99% will continue and it will make me question why it is more important for the occupy movement to punish a wall street scoundrel than prevent additional trillions of dollars in losses to the 99%.
Justifiable Debt Restructuring DOES NOT require a credit rating default assessed by those who have caused the economic melt down via their own fraudulent activities, but until this comes reality, the economy WILL NOT improve. 

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