Occupy Wallstreet 9/17 .... and now

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  • BrianBrian 7,618 Posts
    Mainly revisted this thread after seeing the Apple stuff in the other thread and felt it was more appropriate in this thread. AAPL was/is a huge fucking cash cow for many of these "1%". How do you reconcile buying shit that lines these evil capitalist pigs' pockets? Not to mention, oh I don't know all of the Chinese labor they use; including shit like this: http://www.telegraph.co.uk/finance/china-business/7773011/A-look-inside-the-Foxconn-suicide-factory.html

    Couldn't leave this one alone....

    [Could Obama do more currently? Maybe. He did get Dodd-Frank passed, which in theory is supposed to address a lot of the problems that led to the collapse of 2008 (again, that's Bush's watch).
    LOL good one. Theory is the absolute muthafucking key word. Plus, gotta love placing blame on shit just because it was on dude's watch when this shit was a multi-generational problem in the making. That shit was on any Congress member in office the past three decades. Critique dude's handling of it, sure.

    However, it's not his fault that Congress has defunded the Dodd-Frank act to the point of it being irrelevant. Obama doesn't control the power of the purse.
    Funding ain't got shit to do with it being toothless.

  • PATXPATX 2,820 Posts


    I think the big unions have already said they will withdraw blanket support for the Dems in 2012, and the youth vote will most definitely stay home. So who is left to help him take on the Koch Brothers? Wall Street and the corporations. So he won't do shit about this for as long as possible.


  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Eff that dude for talking about the crisis in the past tense.

  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    What laws did they break?

    It could be possible to prosecute for fraud, deceit and manipulating securities.
    First on the list could be the rating agencies who instead of rating bonds sold the bond issuers whatever rating they wanted regardless of the bonds worth.

    Mortgage companies, brokers and banks who over valued property, over estimated customers ability to pay, and promoted mortgage schemes like variable rate loans designed to rise to double figures and ninja loans. Many of these consumer protection laws are state laws, and some states did successfully prosecute mortgage companies.

    There may also be cases for inside trading, front running, and other illegal practices.

    Instead of bailing out the bankers they should have been prosecuted.
    The banks that did not invest in mortgage back securities, credit default swaps and were not over leveraged could have easily swooped in and picked the pieces the collapse would have created.

  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    LaserWolf said:

    Instead of bailing out the bankers they should have been prosecuted.

    Of course not when those very banks are Obama's biggest contributors.

  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Occupy Austin, today...



    Decent turn-out, but I was hoping they would block the street.

  • RockadelicRockadelic Out Digging 13,993 Posts
    HarveyCanal said:
    Occupy Austin, today...



    Decent turn-out, but I was hoping they would block the street.

    Occupy Dallas


  • BrianBrian 7,618 Posts
    Yeah, Harvey's post was accurate.

  • HarveyCanalHarveyCanal "a distraction from my main thesis." 13,234 Posts
    Rockadelic said:
    HarveyCanal said:
    Occupy Austin, today...



    Decent turn-out, but I was hoping they would block the street.

    Occupy Dallas


    On the Border-caliber weaksauce.

  • BrianBrian 7,618 Posts
    FrankieMeltzer said:
    Brian said:
    Yeah, Harvey's post was accurate.

    If by "accurate," you mean "untrue," yes.
    Banks make up a huge portion of the total contributions. The next highest are universities that are supported by massive endowments which have direct connections to banks. So yes, it was true.

  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    And that was 2008 when they didn't have any money.

  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    The Left???s Pathetic Tea Party
    The Occupy Wall Street movement is a juvenile rabble.

    In the Occupy Wall Street movement, the Left thinks it might have found its own tea party.

    MoveOn.org and some unions have embraced the protesters. The left-wing Campaign for America???s Future is featuring them at its conference devoted to reinvigorating progressivism. Liberal opinion-makers have celebrated them ??? Washington Post columnist E. J. Dionne welcomes their spirit, and New York Times columnist Nicholas Kristof compares them, astonishingly enough, to the demonstrators at Egypt???s Tahrir Square.

    This is a sign either of desperation to find anyone on the left still energized after three years of Hope and Change, or of a lack of standards, or both. The Left???s tea party is a juvenile rabble, a woolly-headed horde that has been laboring to come up with one concrete demand on the basis of its ??? in the words of one sympathetic writer ??? ???horizontal, autonomous, leaderless, modified-consensus-based system with roots in anarchist thought.???

    The Right???s tea party had its signature event at a rally at the Lincoln Memorial where everyone listened politely to patriotic exhortations and picked up their trash and went home. The Left???s tea party closed down a major thoroughfare in New York City ??? the Brooklyn Bridge ??? and saw its members arrested in the hundreds.

    On the cusp of the confrontation, the protesters chanted ???This is what democracy looks like,??? betraying an elemental confusion between lawbreaking for the hell of it and free discussion. They flatter themselves that, in contrast to the wealthiest 1 percent, they represent ???the 99 percent.??? It might be true if the entire country consisted of stereotypically aging hippies and young kids who could have just left a Phish concert.

    What was remarkable about the Right???s tea party is that it depended on solid burghers who typically don???t have the time or inclination to protest anything. Occupy Wall Street is a project of people who do little besides protest. It???s all down to a standard operating procedure: the guitars, the drums, the street theater, the age-old chants. If the perpetual rallying cry of demonstrators is to be believed, ???the whole world??? does little else than ???watch??? activists stage protests. [I thought that was funny.]

    The New York Times quoted one Occupy Wall Street veteran telling a newcomer: ???It doesn???t matter what you???re protesting. Just protest.??? That captures the coherence of the exercise, which is a giant, ideologically charged, post-adolescent sleepover complete with face paint and pizza deliveries.

    ???The Declaration of the Occupation of New York City,??? the first official release of Occupy Wall Street, is Marxism for people whose familiarity with Marx probably begins and ends with seeing his bearded visage on some T-shirt. It thunders that ???corporations do not seek consent to extract wealth from the people and the Earth.???

    The myriad charges against corporate America include poisoning the food supply, torturing animals, and using the military to suppress freedom of the press. Of course, corporations stand accused ??? in a hardy perennial ??? of perpetuating colonialism. The long list of complaints is thoughtfully affixed with an asterisk and an accompanying note, ???These grievances are not all-inclusive.???

    The Tea Party had such an impact because it had a better claim on the middle of America than its adversaries. It wrapped itself in our history and patriotic trappings. It plugged in to the political system and changed the course of the country in the 2010 elections. The Left went from denying it, to ridiculing it, to envying it.

    Occupy Wall Street is not a real answer. It is both more self-involved and more ambitious than the Tea Party. It represents an ill-defined, free-floating radicalism. Its fuzzy endpoint is a ???revolution??? no one can precisely describe, but the thrust of which is overturning our system of capitalism as we know it. If elected Democrats dare associate their sagging party with this project, they need immediately to consult their nearest psychiatrist and political consultant, in that order.

    Occupy Wall Street is toxic and pathetic, the perfect distillation of an American Left in extremis.

  • PATXPATX 2,820 Posts
    The Univ of California money is all made up of individual contributions from union members at California's largest employer. Bearing in mind what the gender and ethnic makeup of the union probably is (pretty diverse aka minorities and women) I don't think they will be dipping in their pockets very much this time round. So that leaves the banks.

    http://en.wikipedia.org/wiki/Faust

  • LaserWolfLaserWolf Portland Oregon 11,517 Posts
    FrankieMeltzer said:
    Brian said:
    FrankieMeltzer said:
    Brian said:
    Yeah, Harvey's post was accurate.

    If by "accurate," you mean "untrue," yes.
    Banks make up a huge portion of the total contributions. The next highest are universities that are supported by massive endowments which have direct connections to banks. So yes, it was true.

    Harvey didn't say the banks made "a huge portion of the total contributions." He said the banks were "Obama's biggest contributors." This is simply not the case, objectively speaking.

    Here's a list of his contributors by industry:

    1 Lawyers/Law Firms $45,386,298
    2 Retired $42,859,404
    3 Education $24,533,794
    4 Securities & Investment $15,798,904
    5 Misc Business $15,170,193
    6 Health Professionals $12,661,821
    7 Business Services $11,947,978
    8 Real Estate $11,184,773
    9 Computers/Internet $9,262,922
    10 TV/Movies/Music $9,205,821
    11 Civil Servants/Public Officials $9,191,483
    12 Misc Finance $6,704,316
    13 Printing & Publishing $6,455,743
    14 Women's Issues $6,259,545
    15 Democratic/Liberal $5,979,431
    16 Other $4,087,300
    17 Hospitals/Nursing Homes $3,756,590
    18 Commercial Banks $3,409,194
    19 Non-Profit Institutions $3,178,593
    20 Construction Services $3,140,446
    http://www.opensecrets.org/pres08/indus.php?cid=N00009638

    If you see anything there (or anywhere else) to support Harvey's claim, please present it in the interest of accuracy.

    Banks didn't even make the list. Proving Harvey double wrong.

  • BrianBrian 7,618 Posts
    laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

  • PATXPATX 2,820 Posts
    Brian said:
    laffo at lmj changing his shit because it didn't support his point and laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

    LOL and #4 on the other list was Jon Corzine, CEO of MF Global, which sounds kind of Wall Streety.

  • BrianBrian 7,618 Posts
    k

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    [
    Right, Obama doesn't have the power to even count. But it's all Bush's fault.

    This your guy is the devil, while our guy is a saint ish is soooooo painfully tired.

    But I realize that hardcore Obama-philes actually believe that all the banker bail-out money has been paid back...which to most Americans is endlessly laughable.

    Nah. What's really tired is folks, like you, that try to absolve the Bush Administration of all culpability. (Did somebody say white wash?) What's really tired is people, like you, who don't have a grasp on how much damage was done and think that Obama was supposed to snap his fingers as soon as he walk through the White House doors and solve everything with two snaps and a swirl.

    Let me also give you the gasface for your "our guy's the devil, while your guy's the saint" BS. I've never said that, and have criticized Obama several times. So, keep blowtorching those strawman, pal. Keep arguing against points nobody is making in order to deflect from the real truth. Nice job,.

    Oh, what's even more tired than the above is folks that don't understand that bank bail ou of 2008t HAPPENED UNDER BUSH!!! It was Bush's Treasury Secretary that got on TV waving a single page of paper saying that if Congress doesn't sign this paper, our country is finished (ala mushroom cloud). If there was anything laughable that lasts longer than "endlessly" this would be it. The people, like yourself, who can't grasp this concept of simple dates are disappointing to say the least.

    What part 2008 was Bush do you find it hard to comprehend? The 2 or the 8? I mean a know Ron Paul lovers are slow on the uptake, but for christsake man, look at a calendar for once in your life.

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    Brian said:
    .
    However, it's not his fault that Congress has defunded the Dodd-Frank act to the point of it being irrelevant. Obama doesn't control the power of the purse.
    Funding ain't got shit to do with it being toothless.

    Right, pal. How is the law supposed to be enforced if there's no funding allocated for its enforcement? Tell me, oh wise one, why should anyone worry about the cops if you know the cops aren't being paid to look for you?

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    Brian said:
    FrankieMeltzer said:
    Brian said:
    Yeah, Harvey's post was accurate.

    If by "accurate," you mean "untrue," yes.
    Banks make up a huge portion of the total contributions. The next highest are universities that are supported by massive endowments which have direct connections to banks. So yes, it was true.

    If by accurate you mean misleading, then yes. The banks are also the largest donators to the GOP, not just Obama.

    Now, what? We have a GOP House, why aren't they calling Congressional hearings to investigate the 2008 (Bush) collapse?

  • BrianBrian 7,618 Posts
    Bon Vivant said:
    Brian said:
    .
    However, it's not his fault that Congress has defunded the Dodd-Frank act to the point of it being irrelevant. Obama doesn't control the power of the purse.
    Funding ain't got shit to do with it being toothless.

    Right, pal. How is the law supposed to be enforced if there's no funding allocated for its enforcement? Tell me, oh wise one, why should anyone worry about the cops if you know the cops aren't being paid to look for you?
    Right, so let's just make it rain some more on some ineffective legislation that can in no way prevent another bubble. Sure bro. I know, if we showered some fucking cash on the SEC, dudes would stop watching porn at work and actually investigate shit after being reported on for years. WE NEED TO SPEND OUR WAY OUT OF THIS!!!!!

  • BrianBrian 7,618 Posts
    FrankieMeltzer said:
    SportCasual said:
    Brian said:
    laffo at lmj changing his shit because it didn't support his point and laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

    LOL and #4 on the other list was Jon Corzine, CEO of MF Global, which sounds kind of Wall Streety.

    If you scroll down the second list you'll find a bunch of bigger contributors than Corzine. That list isn't in order.

    http://www.opensecrets.org/pres12/bundlers.php?id=N00009638

    As in the last election, lawyers will be the biggest contributors to Obama by industry.
    OCCUPY LAW STREET

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    Brian said:
    laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

    You're amazing. You co-signed something that is provably wrong and you call it nitpicking when called out on it.. It wasn't a relevant point, it was an incorrect point.

    Why can't you man up and admit when you make a mistake?

  • i have just received word that people will be Occupying Bay St on october 15th............ [toronto's financial hub]



    YO! OCCUPY DEEEEEEEEEEEEEZ


    [i didn't read a word of this thread by the way]

  • BrianBrian 7,618 Posts
    Bon Vivant said:
    Brian said:
    laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

    You're amazing. You co-signed something that is provably wrong and you call it nitpicking when called out on it.. It wasn't a relevant point, it was an incorrect point.

    Why can't you man up and admit when you make a mistake?
    k, I WAS WRONG BROS. banks are only listed as #4 and clearly at that point exert no influence over the president.

  • BrianBrian 7,618 Posts
    Bon Vivant said:
    Now, what? We have a GOP House, why aren't they calling Congressional hearings to investigate the 2008 (Bush) collapse?
    all for it

  • PATXPATX 2,820 Posts
    Not sure where to post this, but since we are talking about the Obama administration and all... just got this via email

    Hi friends,

    We regret to inform you that this Wednesday's Yes Lab event, organized by Not An Alternative, with UK climate campaign campaigners John Stewart and Dan Glass has been postponed.

    A few days ago, Stewart landed in JFK Airport for a month-long US speaking tour, only to be escorted off the plane by 6 police officers, interrogated for six hrs by the FBI, Secret Service, NY police, and Immigration, and put on a plane back to the UK. The other tour member, environmental activist Dan Glass, was also supposed to come but was stopped by the CIA on the UK side.

    These guys are celebrated environmentalists, recognized by The Independent and the Guardian as the "most effective and innovative green activists in the UK". They won support from direct action activists and even the Conservatives in Parliament, waging a successful campaign to reduce carbon emissions and stop the expansion of Heathrow airport. For some reason, however, our own government isn't keen on them coming here.

    We're going to bring them to you anyway. Please save the date: on Thursday, November 3rd we'll host a special Skype session with these revered (and reviled?) climate revolutionaries. The best part...no transcontinental air emissions involved!

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    Brian said:
    Bon Vivant said:
    Brian said:
    .
    However, it's not his fault that Congress has defunded the Dodd-Frank act to the point of it being irrelevant. Obama doesn't control the power of the purse.
    Funding ain't got shit to do with it being toothless.

    Right, pal. How is the law supposed to be enforced if there's no funding allocated for its enforcement? Tell me, oh wise one, why should anyone worry about the cops if you know the cops aren't being paid to look for you?
    Right, so let's just make it rain some more on some ineffective legislation that can in no way prevent another bubble. Sure bro. I know, if we showered some fucking cash on the SEC, dudes would stop watching porn at work and actually investigate shit after being reported on for years. WE NEED TO SPEND OUR WAY OUT OF THIS!!!!!

    Are you serious? You can't be. The reason Dodd Frank is ineffective is because it's underfunded and toothless, thanks to the GOP. It can be extremely effective if implemented and funded the way it's supposed to be. What part of this are you not getting?

    I mean, give me a break.

  • Bon VivantBon Vivant The Eye of the Storm 2,018 Posts
    Brian said:
    Bon Vivant said:
    Brian said:
    laserwolf's ass kinda missing oh i dont know #4 on that list. change harvey's statement to "among the biggest" i don't give a fuck. it's still a relevant point but i guess being a nitpicking fuck is more important.

    You're amazing. You co-signed something that is provably wrong and you call it nitpicking when called out on it.. It wasn't a relevant point, it was an incorrect point.

    Why can't you man up and admit when you make a mistake?
    k, I WAS WRONG BROS. banks are only listed as #4 and clearly at that point exert no influence over the president.

    You get an "A" for correcting your error. Good job.

    You get an "F" for that BS at the end. No one said anything like that. You and Harvey love to make BS arguments against points no one makes. You need to work on that.
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