occupy wall street explained

[Cranky]

If this were truly about bank bailouts, then where were these people when the tea party was protesting (legally I might add), to the bank bailouts? Where do you stand on the bail outs of the car companies? All bailouts, or just the ones that benefit you or those around you?
Bailouts are bad in any form in our country because it picks winners and losers and determines who will win/lose. That's not how it's suppose to work. You have a good Idea/product, people will buy it. You have a bad business model? You will go out of business.
It's not the governments job to save people from themselves. We have bankruptcy laws. The banks and car companies should have gone through bankruptcy and been made to restructure, just like Chrysler in the 80's.
How about some personal accountability in business or in life!!
One more thing, corporations can only get away with what is lawful or not enforced. The real beef should be with the government. Where was the SEC when these guys were losing hundreds of billions of dollars? That's right, watching **** on the computer. Why isn't Christopher Cox in jail for not doing his job and costing the taxpayers trillions of dollars? Why is it possible for GE to file a 57000 page tax return and pay NO taxes? Why aren't the protesters on GE's lawn protesting them? Why does no one in the press call out Obama for having Immelt on the presidents "jobs council" while shipping thousands of jobs to China?
These clueless people are protesting the wrong end. They should be protesting the government for not enforcing the current laws and for setting up the environment for crony capitalism.

At first, I was for the bailouts then started thinking about it and changed my mind. As for what Chrysler in 80, they never did file for bankruptcy but did get secured loans from the private sector. The loans were guaranteed by the gooberment so the banks would 'feel' more secure about loaning the money. Ford did a similar deal recently but from what I can understand, nothing was secured by our gooberment. I agree with the rest of what you said. Btw, Kissenger is the one that got the door open for China oh so many years ago....

 

[Finallygotmine]

I stand corrected on Chrysler, I could swear they had to pay back the government. But I do remember that they pulled their collective *** out of the fire. At least for a while led by Iacoca. I just would like to see people/business stand on their own and let the true markets sort themselves out. I am for eliminating ALL subsidies, even farming. These people (OWS) just seem to be whining to me.

 

[Endangered Species]

I stand corrected on Chrysler, I could swear they had to pay back the government. But I do remember that they pulled their collective *** out of the fire. At least for a while led by Iacoca. I just would like to see people/business stand on their own and let the true markets sort themselves out. I am for eliminating ALL subsidies, even farming. These people (OWS) just seem to be whining to me.

Iacocca paid back the government 7 years early, with interest. He knew the more the government was in his business the worse off they would be.

I agree with what you said. I'll bet if the government would eliminate the farm sub subsidies, I'll bet the small farms would make a come back.

The Occu-tards think that since they have $80,000.00 in school debt that the banks should just forgive the debt. Don't these people think about this crap before they sign on the dotted line...? Some day they will have to pay this debt off.

Just like the housing foreclosure. I'm sorry I have a hard time feeling sorry for a person because he signed a loan for a house 4-5 times his or her annual wage, then lost the house because the interest only period was over, or they lost there job or took a pay cut and now they can't afford the payments, then wants the bank to forgive the loan.

I'm sick of this blame the bank thing.... Let's do the math.

Jim makes $50,000.00 a year, his wife make $30,000.00 a year for a total income of $80,000.00 a year. (Not too shabby)

But then they buy a house for $300,000.00... What's wrong with this picture???? Now we are not taking into consideration the $1,200.00 worth of car payments in the driveway and the $300.00 a month for the Snowmobile in the garage, etc etc.
How is this mess the banks fault any more than it is the car dealerships fault for selling him a car with in the payment this person can afford? The homeowner never looked at the principal just the payment, yet when it comes time to pay the piper they want to blame everyone but them selves.

Oh yha wait it gets even more logical. They set on un-employment for 99 weeks because they can’t find a job that pays the same or more than the one they just lost.

Now my dad always told me that it’s easier to find a job when you have one then it is when you don’t. So go find a job even it only pays minimum wage while you look for something else that pays better with more of a future. But before these Occu-tards go look for a job they better listen to Newt and get a bath first.

 

[Cranky]

Iacocca paid back the government 7 years early, with interest. He knew the more the government was in his business the worse off they would be.

Yeah, the gooberment was probably sticking their noses into the business but there was NO payments to the gooberment by Chrysler because there were no loans to them by the gooberment! It was a gooberment guaranteed loan pretty much like a VA loan is. Vets who use the VA loan to buy a house pretty much do the same thing that Chrysler did back when. A VA loan is backed by our 'great' gooberment if the vet walks but all payments go to a mortgage holder. Mine was American Mortgage but it was originated by another vet and I assumed it. Also, whoever originates a VA loan is responsible for it even if the house is sold to someone that 'assumes' the loan and then walks. The gooberment will go after the vet that originated it but the mortgage holder will get some of their money if the house ends up at auction. If the gooberment had loaned money, the stock would have gone to 0 just like it did with GM and Chrysler did 'this' time. GM got back on their feet and came back public and had their IPO just over a year ago...Chrysler is pretty much still owned by the gooberment and I haven't heard anything about them going public anytime soon.

 

[Pastortom1]

Occupy wall street explained: Men and Women of all races, backgrounds, political and religious beliefs, began to organize in nonviolent protest. These men and women represent the 99% with the goal of ending the greed and corruption of the wealthiest 1% of America. Occupy Wall Street is a leaderless resistance movement which began as a call to action from Adbusters, a Canadian-based anti-consumerist organization. Think, see between the lies. I'm retired NYCPD .I have friends down there involved in this ****. Nonviolent my ***. Provoking & abusing the media views Yes!!!Organized in the USA ! Their leader, just look to the White House. You should decided to explain it to your daughters and sons.. This is a Trojan Horse... Wake up ..

Bingo! :blob1::hello2::sunny:

 

[Finallygotmine]

Ironically, this article was printed this morning.

http://www.bloomberg.com/news/2011-...congress-gave-banks-13-billion-in-income.html

If this doesn't make you afraid for the survival of our way of life, nothing will.
7.7 trillion in "secret" loans to the banks, and they are bigger, NOW, than ever. So much for the guidance of Chris Dodd and Barney Frank.

 

[Finallygotmine]

The irony deepens.

http://thehill.com/blogs/ballot-box/house-races/195579-rep-frank-wont-run-for-reelection

 

[Endangered Species]

The irony deepens.

http://thehill.com/blogs/ballot-box/house-races/195579-rep-frank-wont-run-for-reelection

The father of the sub prime mortgage is now retiring... I still can't believe he kept getting re-elected.

 

[696pack]

It is my understanding that a few days before leaving office G.W. Bush changed ONE line in the bill for the bail out that allowed the banks to take the money with no strings attached, No teeth for enforcing them to lend it in any way. B of A almost immediately bought a bank in China. Many of the banks used some of it to appease irrate stock holders that had seen no earning for sometime as if they were owed anything since the banks couldn't run their business to EARN a profit.

Mark my words, before it is all over there will be ANOTHER load of money printed and given to the banks with requirements to lend specific percentages to home owners, businesses and new business start up in order to FINALLY stimulate the economy.

 

[brandon64]

It is my understanding that a few days before leaving office G.W. Bush changed ONE line in the bill for the bail out that allowed the banks to take the money with no strings attached, No teeth for enforcing them to lend it in any way. B of A almost immediately bought a bank in China. Many of the banks used some of it to appease irrate stock holders that had seen no earning for sometime as if they were owed anything since the banks couldn't run their business to EARN a profit.

Mark my words, before it is all over there will be ANOTHER load of money printed and given to the banks with requirements to lend specific percentages to home owners, businesses and new business start up in order to FINALLY stimulate the economy.

Thats right, it's ALL Bushes fault. NOTHING to do with our current president.

 

[70Fish]

Just keep the money printing presses a rollin'! Remember that Fed Chief Bernanke was appointed by GWB, and retained by Prez Barry.

As far as the OWS goofs are concerned, they do have a point in protesting GS; which was responsible for hiding much of Greece's debt before, and how did that work out?

 

[Finallygotmine]

It is my understanding that a few days before leaving office G.W. Bush changed ONE line in the bill for the bail out that allowed the banks to take the money with no strings attached, No teeth for enforcing them to lend it in any way. B of A almost immediately bought a bank in China. Many of the banks used some of it to appease irrate stock holders that had seen no earning for sometime as if they were owed anything since the banks couldn't run their business to EARN a profit.

Mark my words, before it is all over there will be ANOTHER load of money printed and given to the banks with requirements to lend specific percentages to home owners, businesses and new business start up in order to FINALLY stimulate the economy.

There is no line item veto. The president can only sign what is sent to him. He cannot change the bill and sign it or you would not need a congress. I think you need to read the links. The banks had NO money to buy anything, they had to borrow money to stay alive. We are borrowing money from China, not buying assets from them. This is all guaranteed with the sweat and blood, the American taxpayer.
I'm not saying Bush is not at fault, just that the blame game on him, alone, is misdirected. ALL congressional people are corrupt. Until we the people demand the halls of congress be closed to lobbyists, we will forever be manipulated by a congressional/corporate power that we the people probably misunderstand and underestimate.

 

[696pack]

There is no line item veto. The president can only sign what is sent to him. He cannot change the bill and sign it or you would not need a congress. I think you need to read the links. The banks had NO money to buy anything, they had to borrow money to stay alive. We are borrowing money from China, not buying assets from them. This is all guaranteed with the sweat and blood, the American taxpayer.
I'm not saying Bush is not at fault, just that the blame game on him, alone, is misdirected. ALL congressional people are corrupt. Until we the people demand the halls of congress be closed to lobbyists, we will forever be manipulated by a congressional/corporate power that we the people probably misunderstand and underestimate.

I may have the specifics wrong on this but I remember reading something about a last minute change just before Bush left office.

Also I am not saying that it is all Bush's fault. There are many factors that effect all of this.

I am aware that we were borrowing money from China but B of A DID buy a bank in China shortly after they got their bail out money. In fact I heard recently that they were now selling or have sold it.

 

[Finallygotmine]

I am aware that we were borrowing money from China but B of A DID buy a bank in China shortly after they got their bail out money. In fact I heard recently that they were now selling or have sold it.

After thinking how that makes no sense, I guess I can believe it. Especially after getting all that money from us.

In fact, I looked it up. Looks like they bought some, but not all of the bank.

http://www.americanbanker.com/syndi...-construction-1044035-1.html?zkPrintable=true

 

[Pops1967GTX]

It's great that we are having a debate! Again we must see what the real truth is about. There is an exhaustive list of the guilty on both sides for the financial mess & the country's problems. Just deflecting the blame from the main culprit! This President has often said, “why let a good crisis go to waste?” .

Why was there a financial crisis in the first place? Because of runaway spending that sent the national debt up against the legal limit. But when all the big spending bills were being rushed through Congress, the Democrats had such an overwhelming majority in both houses of Congress that nothing the Republicans could do made the slightest difference.

It feels like the last 4 years, America has had one crisis after another. Is this a Plan?? Is this through “Ignorance Stupidity or Connivance.” Is There is an Elephant in the Closet??

But whinging is easier, than taking personal responsibility! If we want to chane the World we must start with ourselves. (Gandhi)

 

[bigmanjbmopar]

I blame chevy owners! occupy all the cameros! dam cheby lovers!

 

[Finallygotmine]

It feels like the last 4 years, America has had one crisis after another. Is this a Plan?? Is this through “Ignorance Stupidity or Connivance.” Is There is an Elephant in the Closet??

Man, i hear you. It seems like we may never be out of war and a string of crisis. When can there just be "normalcy"? Hopefully we can get the country back to the center-right where we have always been and chop the government back down to a reasonable size.