Yesterday I put up an Instapopulist post regarding the national demonstrations which will be happening tomorrow. This effort is being organized and coordinated by a new grass roots organization called A New Way Forward.
Today, I want to emphasize the importance of showing up at these demonstrations, in light of the new article from Michael Hirsch of Newsweek. Here's the link to the story.
As Hirsch points out, the administration has received push back from some members of the Senate. And there are some slight indications that there is sentiment within the administration to institute modest to serious regulations. Yet, the NY Fed is currently holding meetings with WS insiders and their traditional regulators, to decide the type of regulation that would work best for them. In other words, regulation lite and no transparency to outside agencies.
There is a power struggle going on that is only now being reported for what it is in the MSM. Better late than never. These mega banks that are "too big to fail" must be broken up. They are simply "too big to exist". We need to keep up the pressure from Main Street and a good turnout tomorrow is a great way to start.