?We Own Wall Street?

We Own Wall Street is the truth. The actual ownership of major banks, manufacturers, and retail giants resides in vast repositories of capital that are owned and controlled by the public: mutual funds, public pension funds, and endowments at public institutions. If the public exercised its huge ownership capacity by influencing board member selection, compensation, and political donations, then these companies would be fundamentally altered.

How to do this? It?s actually pretty easy. What?s needed is a bit of leadership. The current Occupy Wall Street could enlist a few savvy and courageous state and city comptrollers. The first steps should be easy, almost nonideological, to demonstrate the power of ownership.

The leaders of the newly minted We Own Wall Street should announce the following: They are putting together a coalition that owns in excess of 5 percent of each of the major Wall Street firms that received bailout funds or loan guarantees. (They could amass this 5 percent by making common cause with union and state pension funds.) ?

Source: http://feeds.slate.com/click.phdo?i=9c600239254f31209fac6c686e42cf24

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