You've likely seen it a thousand times before. "My parents went to wherever and all I got was this lousy T-shirt." As clichéd as this slogan may be, it's a characterization that many feel applies perfectly to the Fed, which has spent trillions of dollars restoring Wall Street to pre-crisis levels while doing almost nothing to improve the standing of 95% of the population that resides on Main Street.
"Main Street is a long way from back," says Simon Baker, the CEO of Baker Ave. Asset Management, in the attached video. "If the question is, 'Is Main Street happy?' I don't think so," Baker protests. He refers to the Fed's ongoing stimulus efforts as "a massive, $3.7 trillion redistribution of wealth" that has only benefited banks and financial firms, as well as the wealthiest 5% of the country that holds real assets such as stocks and real estate. "They're the ones benefiting," he says, "not Main Street."
September 17, 2012 - Zuccotti Park, New York City. Occupy Wall Street. Some 'mic check' speeches from the General Assembly... Comrads. Among otheres, there's an Occupy Presidential Candidate. "It's time to fire Wall Street from the White House"
