The "Occupy" Rallies

#427
#427
lawgator1 said:
Let's assume that your thinking as to the merit of their underlying argument were correct.

Is it not also the case that they have some good reason to be ticked?
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I don't remotely think they have a reason to be ticked.

This is one of those deals where you really should pack your shiz if you don't like how we roll. Unfortunately, there are haves and have nots everywhere in every scheme.
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#430
#430
BigPapaVol said:
I don't remotely think they have a reason to be ticked.

This is one of those deals where you really should pack your shiz if you don't like how we roll. Unfortunately, there are haves and have nots everywhere in every scheme.
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I know a back door he needs to knock on.
 
#431
#431
BigPapaVol said:
Wall St parasites? Help me out there.
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Thanks for help on the typo.

And yeah, there are folks on Wall St that are absolutely parasitic. I'm not going to pretend like dishonesty in the CBO market didn't hasten the '08 market turmoil. Ithink there are several firms that are still in business that probably shouldn't be.

But again, what does that have to do with cleaning the slate for student loans?
 
#432
#432
T-TownVol said:
Lobbying is legal, why is this Wall Street/Big Corp's fault?
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I'm not suggesting that the corporations should be restricted from lobbying. That doesn't mean that Wall St has always acted ethically. And they should have been allowed to pay for their mistakes.
 
#433
#433
bamawriter said:
I'm not suggesting that the corporations should be restricted from lobbying. That doesn't mean that Wall St has always acted ethically. And they should have been allowed to pay for their mistakes.
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Last I looked, Wall Street does not make the laws in this country, nor do they hand out the money from the government coffers.
 
#434
#434
T-TownVol said:
Last I looked, Wall Street does not make the laws in this country, nor do they hand out the money from the government coffers.
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You seem to be responding to something I am not arguing. I'm not blaiming Wall St for taking bailout money; they would have been stupid not to take it. But they should have been allowed to suffer the consequences of their collective idiocy. Of course, much of that idiocy was forced on them by the CRA, but I'm no more a fan of that garbage than I am of fraudulent CBOs.
 
#435
#435
bamawriter said:
You seem to be responding to something I am not arguing. I'm not blaiming Wall St for taking bailout money; they would have been stupid not to take it. But they should have been allowed to suffer the consequences of their collective idiocy. Of course, much of that idiocy was forced on them by the CRA, but I'm no more a fan of that garbage than I am of fraudulent CBOs.
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It is just an issue that most do not admit.......they were basically forced to take the bail-outs and they have paid it back with interest. For all this outrage to be focused on them is just plain ignorant.
 
#437
#437
CDO market was the vehicle and the underwriters of those issues jaw some culpability, but they believed in the SWAPs as insurance (which stupid) and sold it to the buyers (and they were stupid for accepting unregulated securities as credit enhancement), but market wide the lack of underwriting was ignored. That was the death knell, consisting the utter trash that Fannie and Freddie were promoting.
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#438
#438
VOLatile said:
They're protesting a lot of different things.
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Logical.

Most protest I have seen work that way. Somebody screams "protest" the crowd grows and most never find out the original reason why and end up protesting something else.
 
#440
#440
So, basically the rally consists of the following:

"Grr! I'm so angry at those Wall Street fat cats that have coopted our government!"

"What should we do about it?"

"Protest, obviously."

"Great! What are our demands?"

"Student loan forgiveness."

que?
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#441
#441
dreVol said:
So, basically the rally consists of the following:

"Grr! I'm so angry at those Wall Street fat cats that have coopted our government!"

"What should we do about it?"

"Protest, obviously."

"Great! What are our demands?"

"Student loan forgiveness."

que?
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I believe I read early on that one thing they advocated was investigation into the financial connections between government and bankers.

At this point, it seems like there I'd like 80% agreement on the general thing they are complaining about, and around 10 % agreement on the solution.

The fact that they don't immediately and universally agree on a solution does not invalidate the complaint.
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#442
#442
Then they should be protesting government not bankers. The bankers only have the access/influence that the government gives them. How is that so frapping hard to grasp?
 
#443
#443
Simple really - Obama has spent nearly 3 years telling people it is greedy rich people that are the cause of our problems (and W). Apparently they believe him.
 
#445
#445
They're mad that Wall St. got a bailout, but I don't hear them complaining about the Unions getting a bailout. Why is that?
 
#446
#446
volinbham said:
Simple really - Obama has spent nearly 3 years telling people it is greedy rich people that are the cause of our problems (and W). Apparently they believe him.
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To go further he ran on "changing" that, and has done nothing but pour gas on a brush fire.
 
#447
#447
So the politicians that all make 6 figure salaries among other revenue streams. That give themselves pay raises, a couple months off a year, huge pensions. So they're not part of that 1 percent? Also all immune to Obama's healthcare overhaul. What makes them not part of that 1 percent?
 
#448
#448
lawgator1 said:
At this point, it seems like there I'd like 80% agreement on the general thing they are complaining about, and around 10 % agreement on the solution.

The fact that they don't immediately and universally agree on a solution does not invalidate the complaint.
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So if I find 10 people to agree that my cat is sexually harassing me, but we can't figure out what to do about it, my complaint against my cat is totally valid?
 
#449
#449
bamawriter said:
True.

But can you shed some light on what results they are hoping to accomplish? Other than universal student loan forgiveness, I can't figure anything out.
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I would like to see transparency in government, Bradley Manning released or at least given a fair trial anytime soon, no more lobbying, and a few other things. Student loan forgiveness is a pipe dream and I seriously doubt that any of them actually think they are going to get that.
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