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Originally posted by xavi1000
reply to post by Rockdisjoint
Hm ,propaganda ... your observation is wrong ...just see the names who refuse to give interviews
Originally posted by radosta
I
"They" are not scared. They are laughing at you. Their system will probably collapse but it has nothing to do with protests. It will be because of their own hubris and incompetence. Then those that rebuild will be people with intelligence and ability who very likely have nothing to do with these clown festivals that will only serve as talking points for pundits and politicians.
Originally posted by citizen3273676
to the protesters... remember mubarak thought the protests were stupid and pointless.
Originally posted by beezzer
reply to post by Cuervo
Cuervo, I respect you. But this? Really?
Wall Street, corporations live off the laws they influenced in DC.
Change the laws, you change the dynamics of Wall Street.
But we need brave and honest people in DC before that can happen.
Originally posted by Alxandro
Originally posted by Cuervo
Three years ago, Wall Street ruined our economy. Nobody has been indicted or convicted. They destroyed 20% of our net worth that we have worked 200 years to accumulate. What is so hard to understand? And don't tell me to take it to DC because people who say that really know that this is where the criminals are but they just don't want to admit that their pet political groups/parties/movements might not be as vigilant as they wish.
What's the easiest way to keep cockroaches at bay? Sweep the food off your freakin' floor!
Three years ago was when Obama got elected into office.
That should be enough to tell you all you need to know.
The buck has got to stop somewhere, unless of course you feel he deserves a free pass.
Originally posted by Cuervo
Three years ago, Wall Street ruined our economy. Nobody has been indicted or convicted. They destroyed 20% of our net worth that we have worked 200 years to accumulate. What is so hard to understand? And don't tell me to take it to DC because people who say that really know that this is where the criminals are but they just don't want to admit that their pet political groups/parties/movements might not be as vigilant as they wish.
Originally posted by Section31
Originally posted by Cuervo
Three years ago, Wall Street ruined our economy. Nobody has been indicted or convicted. They destroyed 20% of our net worth that we have worked 200 years to accumulate. What is so hard to understand? And don't tell me to take it to DC because people who say that really know that this is where the criminals are but they just don't want to admit that their pet political groups/parties/movements might not be as vigilant as they wish.
First, people have been convicted for committing fraud. "Bernie" Madoff was one of them.
Second, the person responsible for the housing market crash is... Barney Frank (D. MA). Salle Mae and Freddie Mac is a Democrat sponsor, which gave Barney Frank campaign funding in exchange for lobbyist power. Since Barney Frank is a Democrat in a Democrat controlled state, "OccupyWallStreet" will never-ever be able to remove the man's influence. Salle Mae and Freddie Mac received billions of dollars from Obama's bailout plan.
Salle Mae and Freddie Mac allowed risky home mortgages to be given to those who could not afford the bills, and then they insured the mortgages and gambled them on the stock exchange. Barney Frank turned a blind eye in exchange for campaign financing. Why? His companion (boyfriend) works for the company.
Irony, Barney Frank and Obama are supporters of "OccupyWallStreet", and they receive campaign financing from the unions that have recently joined the group.
edit on 10/10/2011 by Section31 because: (no reason given)
Originally posted by ldyserenity
reply to post by GeorgiaGirl
So then the wall st lobbyists aren't treasoness, or they're not worth having to face justice for their part? So we just vote politicians that are hand picked by them into office...you didn't know the electoral college picks the nominees? Not US citizens? Look up electoral college online and then look at who these people are individually. Yep they are likely bankers and wall st executives (or ex both).edit on 10-10-2011 by ldyserenity because: (no reason given)
Must electors vote for the candidate who won their State's popular vote?
There is no Constitutional provision or Federal law that requires electors to vote according to the results of the popular vote in their States. Some States, however, require electors to cast their votes according to the popular vote. These pledges fall into two categories—electors bound by State law and those bound by pledges to political parties.Which States bind electors to popular vote results? Refer to Electors Bound by State Law and Pledges to find out.
...Today, it is rare for electors to disregard the popular vote by casting their electoral vote for someone other than their party's candidate. Electors generally hold a leadership position in their party or were chosen to recognize years of loyal service to the party. Throughout our history as a nation, more than 99 percent of electors have voted as pledged.
Originally posted by Section31
Originally posted by Cuervo
Three years ago, Wall Street ruined our economy. Nobody has been indicted or convicted. They destroyed 20% of our net worth that we have worked 200 years to accumulate. What is so hard to understand? And don't tell me to take it to DC because people who say that really know that this is where the criminals are but they just don't want to admit that their pet political groups/parties/movements might not be as vigilant as they wish.
First, people have been convicted for committing fraud. "Bernie" Madoff was one of them.
Second, the person responsible for the housing market crash is... Barney Frank (D. MA). Salle Mae and Freddie Mac is a Democrat sponsor, which gave Barney Frank campaign funding in exchange for lobbyist power. Since Barney Frank is a Democrat in a Democrat controlled state, "OccupyWallStreet" will never-ever be able to remove the man's influence. Salle Mae and Freddie Mac received billions of dollars from Obama's bailout plan.
Salle Mae and Freddie Mac allowed people to take out risky home mortgages. Since they knew people would not be able to pay the mortgages, Salle Mae and Freddie Mac insured them without any backing. So, they placed the insured certificates and risky mortgages on the stock market. As a result the mortgages having an adjustable interest rate, the stock market caused people's payments to skyrocket.
Since Barney Frank (D. MA) was getting lobbyist money from Salle Mae and Freddie Mac, he ended up turning a blind eye on what they were doing. Salle Mae and Freddie Mac was deemed 'to big to fail', so Obama handed them bailout money to save the banks.
Barney Frank's (D. MA) companion (boyfriend) runs one of the banks.
Irony, Barney Frank and Obama are supporters of "OccupyWallStreet", and both men received campaign funding from the unions, banks, and corporations the group hates.
edit on 10/10/2011 by Section31 because: (no reason given)
Originally posted by Cuervo
Originally posted by Section31
Originally posted by Cuervo
Three years ago, Wall Street ruined our economy. Nobody has been indicted or convicted. They destroyed 20% of our net worth that we have worked 200 years to accumulate. What is so hard to understand? And don't tell me to take it to DC because people who say that really know that this is where the criminals are but they just don't want to admit that their pet political groups/parties/movements might not be as vigilant as they wish.
First, people have been convicted for committing fraud. "Bernie" Madoff was one of them.
Second, the person responsible for the housing market crash is... Barney Frank (D. MA). Salle Mae and Freddie Mac is a Democrat sponsor, which gave Barney Frank campaign funding in exchange for lobbyist power. Since Barney Frank is a Democrat in a Democrat controlled state, "OccupyWallStreet" will never-ever be able to remove the man's influence. Salle Mae and Freddie Mac received billions of dollars from Obama's bailout plan.
Salle Mae and Freddie Mac allowed risky home mortgages to be given to those who could not afford the bills, and then they insured the mortgages and gambled them on the stock exchange. Barney Frank turned a blind eye in exchange for campaign financing. Why? His companion (boyfriend) works for the company.
Irony, Barney Frank and Obama are supporters of "OccupyWallStreet", and they receive campaign financing from the unions that have recently joined the group.
edit on 10/10/2011 by Section31 because: (no reason given)
Madoff was arrested for ripping off rich people. Why do you think the only person arrested for stealing was the guy who was stealing from other rich people? Oh, and the bail out plan wasn't Obama's plan. Oh, and Salle Mae and Freddie Mac aren't people, they are organizations that need to answer to Americans. Oh, and Barney Frank has nothing to do with this. His campaign contributions totaled $42,350 between 1989 and 2008... not exactly bribe money.
None of this has anything to do with the legitimacy of the protests.
WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.
So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.
Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.
Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.
"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?
"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because he’s gay. It’s the quintessential double standard."
Read more: www.foxnews.com...
Originally posted by GeorgiaGirl
Facts sure are pesky, aren't they?
This is why so many of us know the OWS message is flawed. Blame is flowing in the wrong direction.
While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil and gas giant over the years.
Originally posted by citizen3273676
i support the protest good to see americans getting off the couch and joining a common cause!
to the protesters... remember mubarak thought the protests were stupid and pointless.
Originally posted by pngxp
reply to post by CantSay
wasnt it over regulation that largely led to this?
when the government started telling banks they HAD to give loans to the "underprivileged". because that way the poor and minorities could finally own homes too?
banks used to be able to make decisions on their own if i understand things right. if somebody came in and said "i work as a janitor this year. ive had 10 jobs in the past 5 years, and i make aproximately $20,000 a year. and have 3 kids i pay child support for. i would like a loan for $250,000 for a house" the banks could just say NO. because it is obvious that they are a risky loan.
had the banks been able to pick and choose who they give loans to, we probably wouldnt be in this mess. but instead, government had to get involved and make sure "everything was fair" for everyone, and anyone could get a loan that wanted one. creative solutions had to be implemented because banks HAD TO lend to people.
and people who dont understand what adjustable rates are and dont understand what interest is, or how it works, or why its even there are just completely innocent because they didnt want to take the time to read and understand a document they were signing that committed them to a 30 year agreement??? what sort of idiot does that??? how is that the banks fault that people are extremely ignorant, lazy and greedy?? people wanted things they couldnt afford! thats what caused a lot of this mess. the bankers are just soooo greedy for "taking everyones money", but the people who took the money from the bank that they could never pay back arent greedy at all? go figure.
it just not the banks fault like everyone makes it out to be. and if you truly believe it is, then you are now officially buying My house, because i offered it to you. you will be purchasing it for $600,000. send me a private message with your address where i can send you the contract. but dont worry about reading it. its not important that you know what you are getting into. its only 30 years anyways!
Mythmaking is in full swing as the Bush administration prepares to leave town. Among the more prominent is the assertion that the housing meltdown resulted from unbridled capitalism under a president opposed to all regulation.
Like most myths, this is entertaining but fictional. In reality, Fannie Mae and Freddie Mac were among the principal culprits of the housing crisis, and Mr. Bush wanted to rein them in before things got out of hand.
Rather than a failure of capitalism, the housing meltdown shows what's likely to happen when government grants special privileges to favored private entities that facilitate bad actors and lousy practices.
Fannie and Freddie are "government-sponsored enterprises" (GSEs), chartered by Congress. As such, they had an implicit promise of taxpayer backing and could borrow money at rates well below competitors.
Because of this, the Bush administration warned in the budget it issued in April 2001 that Fannie and Freddie were too large and overleveraged. Their failure "could cause strong repercussions in financial markets, affecting federally insured entities and economic activity" well beyond housing.
Mr. Bush wanted to limit systemic risk by raising the GSEs' capital requirements, compelling preapproval of new activities, and limiting the size of their portfolios. Why should government regulate banks, credit unions and savings and loans, but not GSEs? Mr. Bush wanted the GSEs to be treated just like their private-sector competitors.
Originally posted by Section31
Originally posted by GeorgiaGirl
Facts sure are pesky, aren't they?
This is why so many of us know the OWS message is flawed. Blame is flowing in the wrong direction.
Its called irony.
Link: Obama biggest recipient of BP cash
While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil and gas giant over the years.
Wow.
Looks like Obama is violating "OccupyWallStreet's" prime directive.
"Oh, those damn politicians being bought out by lobbyists." - "OccupyWallStreet"
Too bad Obama didn't get the memo.
edit on 10/10/2011 by Section31 because: (no reason given)