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Ignorance is thinking that only 1 percent are crooks.
Everyday our state dept. does the bidding of wall st. greed. Destroying freedom around the world for temporary gain.
Wake up, if you want to.
Trading chinese crap for freedom is not my idea of happiness.
Wall st. exploits the world for its own, frat boy sell outs....
You have been watching too much MSNBC and not spending enough time in the real world.
The things you use in your daily life are products that exist only because of wall street. Making the claims you do while still living in a house built in the last 20 years, driving a car, using a computer, etc. etc. is nothing short of hypocritical.
People love to hate wall street because it means they don't have to admit that they personally didn't save enough money for retirement or plan for what they would do if they lost their job. It is ALWAYS easier to blame someone else than take responsibility, isn't it?
Everyday our state dept. does the bidding of wall st. greed. Destroying freedom around the world for temporary gain.
Too bad you didn't have the chance to live under Taliban rule in Afghanistan before the U.S. went in there and helped the various anti-Taliban factions drive them out. Flying kites was an outlawed activity, as was listening to music or trimming your beard. Yeah, real freedom destroyed by the U.S.
And did you have the chance to live under the rule of Sadaam Hussein in Iraq? Boy, that was real freedom too! All destroyed by the U.S.
And how about Libya? The people have risen up spontaneously to drive out a tyrant and they are being supported by NATO, of which the U.S. is a part.
Your strange and illogical counter-factual concepts of freedom are truly scary.
Too bad you didn't have the chance to live under Taliban rule in Afghanistan before the U.S. went in there and helped the various anti-Taliban factions drive them out. Flying kites was an outlawed activity, as was listening to music or trimming your beard. Yeah, real freedom destroyed by the U.S.
US helped put the Taliban in and was sending them money.
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And did you have the chance to live under the rule of Sadaam Hussein in Iraq? Boy, that was real freedom too! All destroyed by the U.S.
US helped put Saddam in and had sent him weapons.
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And how about Libya? The people have risen up spontaneously to drive out a tyrant and they are being supported by NATO, of which the U.S. is a part.
US helped K-daffy, and even had him torturing people for US.
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Your strange and illogical counter-factual concepts of freedom are truly scary.
If a business offers a service or product for a certain price and a person is willing to pay that price, even if it is a bad deal you do not blame the business for offering it!
You're switching topics, I'm not blaming banks for making people take out loans they couldn't afford...even though banks went to great lengths to encourage this sort of thing. No, I'm talking about the causes of the recession. Remember that topic?
We are in this recession because banks created financial products, because they hid the underlying ricks, allowed for a rapid expansion of credit. They were short-sighted products that were toxic, yet you want to blame the consumers because they used them once made available?
Too bad you didn't have the chance to live under Taliban rule in Afghanistan before the U.S. went in there and helped the various anti-Taliban factions drive them out.
Let's see, the US came in and pushed the Taliban back, while doing so many thousands of innocent folks died. So where are we today? There is a corrupt puppet government with little power, the Taliban are coming out of the mountains and taking over and innocent people continue to be killed in large numbers.
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Originally Posted by Escort Rider
Boy, that was real freedom too! All destroyed by the U.S.
There is more violence and less freedoms in Iraq today then there was under Saddam. Not to mention that Iraq is slowly being taken over by Iran...at least the Shi'itte parts.
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Originally Posted by Escort Rider
And how about Libya? The people have risen up spontaneously to drive out a tyrant and they are being supported by NATO...
Yes Libya, Islamic radicals are being supported to take out a tyrant. Gee, I believe this was tried before, the result? The Taliban.....
There is only clear winner in any of the above....the American military industrial complex. All of this has resulted in a transfer of trillions of dollars from American citizens to the military industrial complex.
The recession was created by individual people overextending themselves and buying houses beyond what they could really afford. The financial markets responded in kind to the wants and needs of their clients (you and me). Sure, highly leveraged quant traders sped up the decline, but the housing bubble that caused it was caused by you and me buying a 2,400 sqft home with 0% down on a 30 year mortgage when we couldn't afford it.
You are joking right? How many stars had to line up to create the housing bubble?
Lets see... we had to have loose Fed policy, we had to have over inflated housing values, we had to have massive fraud in loan applications, we had to have the bankers and Wall St. conspiring to take the risk off the banks and to bundle the garbage mortgages and sell them to pension funds and other patsies, we had to have Freddy and Fanny guarantee the over inflated mortgages, we had to have rating agencies give AAA ratings to the garbage loans, we had to have people at the highest levels of government stop any attempt at regulation the derivatives that fueled the entire machine, we had to have the NAR run one of the most successful and dishonest marketing campaigns ever seen, and finally we had to have people stupid enough to believe that they could afford $500,000 houses on middle class wages.
Yea, it is all the fault of the home buyers..... What an incredibly ignorant position.
You're switching topics, I'm not blaming banks for making people take out loans they couldn't afford...even though banks went to great lengths to encourage this sort of thing. No, I'm talking about the causes of the recession. Remember that topic?
We are in this recession because banks created financial products, because they hid the underlying ricks, allowed for a rapid expansion of credit. They were short-sighted products that were toxic, yet you want to blame the consumers because they used them once made available?
The recession was caused by the burst housing bubble (which was caused by you and me). The speed at which the recession accelerated was precipitated by banking policy.
The first domino, however, was the consumer. Obviously MSNBC and Jon Stewart (do liberals get news from any other sources?) would not report that though, as real data analysis isn't as important as retaining viewers.
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Originally Posted by jimhcom
You are joking right? How many stars had to line up to create the housing bubble?
Lets see... we had to have loose Fed policy, we had to have over inflated housing values, we had to have massive fraud in loan applications, we had to have the bankers and Wall St. conspiring to take the risk off the banks and to bundle the garbage mortgages and sell them to pension funds and other patsies, we had to have Freddy and Fanny guarantee the over inflated mortgages, we had to have rating agencies give AAA ratings to the garbage loans, we had to have people at the highest levels of government stop any attempt at regulation the derivatives that fueled the entire machine, we had to have the NAR run one of the most successful and dishonest marketing campaigns ever seen, and finally we had to have people stupid enough to believe that they could afford $500,000 houses on middle class wages.
Yea, it is all the fault of the home buyers..... What an incredibly ignorant position.
What was the first domino in that chain? Do some research before you call other people ignorant. There is more to the scenario than what the nightly news tells you.
This Wall Street protest was a non event. A bunch of people with time to spend sightseeing in NYC, hoping to get attention, who can comfortably stage a protest. Many are spoiled rich kids, others are aging hippies. When REAL riots start, these assorted doofuses would be the first to scatter or be victimized( and not by the police).
They could have staged a much more high profile protest at The White House and targeted the same money movers. Or they could take over a FEMA camp and really blow some minds. But thats not targeting the right people, actually it would be but these tools couldn't figure that out.
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