We did not fix our underlying problems on Wall Street. The Obama Administration installed Elizabeth Warren to be top-cop for the financial industry, but their considerable bank accounts, along with those of hedge fund operators and commodity barons like the Koch Brothers have been leveled at keeping her and the regulators of the Commodities Futures Trading Commission (CFTC) at bay.
The place right now where the financial markets are overheating to the point of collapse are mostly in commodities and futures on the same crappy derivatives that drove Wall Street off the cliff in 2008.
The something that needs to be done is that people need to get good and Howard Beale old-school kind of ANGRY.
Educate yourself, and speak truth to power by way of your congressman and/or senator.
Right now, at t2P, we've been running op-ed pieces to get you up to speed on commodities and how their being manipulated affects everything from your $4.00 gas to the cost of a Big Mac.
Commodities are being manipulated to levels that won't sustain our food or raw materials needs, all to line the pockets of a very few. I did the research, which is in my article "Have a Little Oil and Global Commoditization with that $7.00 Big Mac Meal?"
Novelist and t2P contributor Deborah Shlian just published a great piece: "The Born Lack of Identity: Will Wall Street Wave Off Warren for Our Economy’s 2nd Epic Fail?"
Elizabeth Warren was supposed to be Wyatt Earp to the Wild West of Wall Street. Thus far, they have been able to keep her holed up at the town jail. If she fails, what happens to all of those protections that were supposed to be put in place to stop a second major melt-down in the economy?
Unjustifiably high raw materials costs, not based on supply and demand, put quality of life for millions around the world into the sewer, including you.
Read, then write your senators and email your representatives. Get involved. Apathy is just what Goldman and the Koch Brothers rely upon.
Prove them wrong.
My shiny two.