What exactly did Pres. Obama mean when he said today that the left-wing Occupy Wall Street protesters are “giving voice to a more broad-based frustration about how our financial system works?”

Obama also chided those resisting his administration’s efforts to reform the system:

[Y]ou’re still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on [the] abusive practices that got us into this problem in the first place.”

What exactly are these “abusive practices” Obama’s trying to “crack down” on? Banks expecting to profit from making loans? Or, maybe, banks requiring that people who take out loans be able to repay them?

Obama went on to suggest that the protesters aren’t just some radical fringe group – but, instead, are actually representative of how mainstream America feels:

“So yes, I think people are frustrated and the protesters are giving voice to a more broad-based frustration about how our financial system works.”

That’s quite a vague, sweeping indictment of a financial system that’s creating so much prosperity that, even in tough times like these, people are still climbing over fences and breaking into our country in order to participate in it.

Sounds pretty ominous to me. Is the president implying he has a mandate from the people to tear down our financial system and start over with a new one of his liking?