There is an Urban Legend among truck drivers, about a driver delivering to a warehouse. Now this particular warehouse, he particularly hates to deliver to. Usually, after a driver opens his trailer doors and backs into the dock, he gets to spend precious bunk time while waiting to load or unload. Not at this warehouse. When he backs into the dock and goes in to let them know he’s ready, they casually point to a forklift and ignore him. The meaning being he does it for himself and gets no additional sleep.
Well, one fine day while driving to the warehouse, the driver worked out a plan. He backed into the dock, went in and announced he was ready. He was directed to the forklift. He climbed aboard, fired it up and aimed it for an empty bay door, jumping off right before it sailed out, crashing ruinously to the ground below.
Hearing the great crash, the warehouse managers came running out, demanding to know who did this. “I did,” the truck driver said, “but I think I know what I did wrong. If you get me another forklift, I think I can do better next time.” So, what did the warehouse managers do?
A) Hastily agree and provided the truck driver with another forklift?
B) Demand the driver leave immediately, ban him from the property but maintain the same policies?
C) Hire trained forklift operators and ban any truck drivers from operating them?
Since this is an urban legend, there are no wrong answers.
Now we see Lehman Brothers, laying in crushed wreckage in the throes of dying quivers. Government Treasury Agents demand to know who is responsible. ShitiGroup, Skank Of America, Golden Sacks, Sterrill Mynsch, said they were. “Sorry about your busted economy,” the ring of professional check kiters declared, “but if you give us $700 Billion dollars, we think we can do better next time. If not, I’m afraid we’ll all have to jump.” So what did the Government agents do?
Well, we did get Dodd-Frank, and a consumer protection agency. Of course Dodd won’t be running for reelection due to pending employment in the financial industry, leaving loopholes in the legislation big enough that our tired truck driver can turn around in. And the Consumer Protection Agency is yet leaderless, the best choice kicked to the curb–Elizabeth Warren.
It is painfully and crystal clear that something is deeply wrong in America. Those who occupy Wall Street, and their Brethren (and Sistren!) with like protests across America are demonstrating frustration with our Government. Corporations and banks and bond traders will do all they can to make as much money as they can–from the rest of us. Unfettered, raw, free range capitalism has only one end in all the history of the world–all the money and power in the hands of the very few and a powerless terrified everybody else. That is not the America I know and love and it is what the Occupy Wall Street movement is fighting to prevent.
cross posted at my place.