One Man With A Meaningful Point of View 2, Occupy Wall Street 0

Yup, it’s pretty hard to get anything done when you have no idea what you want or how to get it. While OWS maintains its sad trajectory toward obscurity and oblivion, U.S. District Judge Jed Rakoff proved again today that he’s the lone federal employee since the beginning of the global financial crisis to take meaningful positions against the banks and for the American people.

In a stunning rebuke, Judge Rakoff called the SEC out in its effort to let one of its banker overseers, Citigroup, off the hook after bilking investors out of hundreds of millions of dollars. Citigroup recently announced a third-quarter profit of $3.8 billion dollars yet was on the verge of getting away with a paltry $285 million dollar settlement with no admission of wrongdoing. Judge Rakoff’s smack-down of Citigroup and of Mary Schapiro’s inept SEC is the first glimmer of hope since his earlier SEC settlement ruling in 2009 that America may yet recover from the financial meltdown if not its decade-long depletion of sense, ethics and honor.

The fact that such attempts by the SEC to coddle and protect Wall Street are allowed to continue under the Obama administration is an especially stark example of why the country should be desperately seeking a viable third party candidate to run in 2012.

Keep your fire burning Judge Rakoff, and thanks.