The resignation of Greg Smith may or may not be the beginning of something big, but more and more of these events are happening and one of them could provide the tipping point for an irreversible change in culture.
Occupy DC is making an impact nationally. As of this date, all of the leading presidential candidates have started talking about the occupy movement. There has never been a protest like it in the history of the country.
We have a message for Wall Street. It's time to pay back for the damage you have wrought. A meaningful tax on financial instruments could harvest up to $350 billion every year to help reframe the economy and heal America.
I've felt like an old veteran at the Occupy Durham general assemblies -- thrilled to see the burst of enthusiasm, terrified lest most of it perish like the radish seedlings that I just thinned in the fall garden
In my youth we used the word "sit-in," instead of "Occupy," but the movements are essentially the same kind of phenomenon, both symbolic forms of resistance to an oppressive social or economic status quo.
Most of Bank of America's competitors have decided not to impose a debit card fee and even Bank of America itself is looking to modify (or hopefully eliminate) the charge. Chalk this up as an Occupy Wall Street victory.
Credit Obama, Volcker and the sponsors of Dodd-Frank for setting out to rein in and correct much of the obvious Wall Street excesses, despite that they did it with kid gloves to avoid killing the whole octopus.