https://pjmedia.com/spengler/2011/10/06/wall-street-protesters-have-met-the-enemy-and-it-is-they/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 11:06:11 -0400<![CDATA[America is the land of opportunity, and never before the great housing bubble has a Ponzi scheme drawn such a wide base of support and benefited so many people. This was the most democratic scam in history, and if you got in on the first half of it, you&#8217;re still better off. The big losers were not homeowners, but the bankers. A quick look at the numbers shows how misinformed are the protesters running around Wall Street. Instead of picketing the bankers, they should pair off and picket each other. I ran through the numbers recently in an Asia Times Online essay. Here&#8217;s the story of the People&#8217;s Ponzi scheme in a nutshell:]]>Thu, 06 Oct 2011 13:16:41 -0400<![CDATA[David P. Goldman]]>https://pjmedia.com/david-p-goldman/2011/10/06/wall-street-protesters-have-met-the-enemy-and-it-is-they-n130567