Occupy the SEC Pitches An Extreme Makeover of Wall Street

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Occupy the SEC Pitches An Extreme Makeover of Wall Street by Pam Martens "Too big" failed on Wall Street in 2008 in a tumultuous explosion that wiped out century old iconoclastic institutions.

In December last year, Occupy Wall Street protesters dressed up like giant squids and. which accused Goldman Sachs of fraud. The SEC accused Goldman of selling clients sub-prime mortgage backed.

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This era of extreme wealth and extreme inequality is minting private dynasties that rival public corporations. On Wall Street, many executives expect. Rather, banks tend to serve as intermediaries.

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Occupy the SEC is an activist group which aims to influence financial regulators to work for the public interest. The "SEC" in its name refers to the US Securities and Exchange Commission, but OSEC’s scope covers all financial regulatory activity. OSEC was formed and developed as an outgrowth and working group of occupy wall street. Among its members are employees or former employees of some of the largest financial firms. They have been described as "a counterweight to the deep-pocket lobbying