Occupy Wall Street Fail

[Tonington]

Most of the people who lost homes and stuff in the bubble were people who should not have been given a mortgage in the first place.

Yeah...with tighter banking regulations they wouldn't have been duped into thinking they could afford it. But that doesn't do anything for the hypothetical college grad I mentioned in my post.

While I don't think the guys who drove their banks into the ground should have been bailed out by the government

Not without significant strings attached.

I don't see how turning the problems over to Lotion Man will solve today's issues either.

Who was suggesting that? Not me. Strawman much?

 

[Locutus]

Here we go... :roll:

Feed the occupiers, bring them peace-za slices and pot luck.


Praying for Peace and Looking for Jesus at #OccupyWallStreet






Jim Wallis: Praying for Peace and Looking for Jesus at #OccupyWallStreet

 

[EagleSmack]

Yeah...with tighter banking regulations they wouldn't have been duped into thinking they could afford it. But that doesn't do anything for the hypothetical college grad I mentioned in my post.

Duped? People need to take more responsibility for what they get themselves into with regards to debt. They wanted it all.

As well as the young people that now want their student bank loans forgiven. They wanted to go to school and they had four fun years. Now it is time to work and pay back what you borrowed.

 

[Bar Sinister]

For sure, there's lots of reasons to protest government. The occupy wall street people just don't know what they are. I would venture to bet most of them don't even know why they're there....unless "just because" is a valid reason, or because "my friend tweeted me to go". lol

No comparison to hippies. Hippies had a coherent philosophy and many actually put it into practice by living communally. I'm guessing most of the Occupy crowd keeps their stuff back in their room at Mom's house.

I was alive during the 60s and personally knew many of those who advocated an alternative lifestyle. Most of them had no coherent philosophy or anything in the way of a long range plan. Many of them were simply rebelling against anything anyone in authority told them to do, be it sexual mores, drug use, or clothing and hair styles.

I note that many of the Wall Street protesters seem very well aware of what they protesting. There is really no need for these protestors to have a detailed understanding of what the problem is other than to understand that there is something very seriously wrong with a society in which the top one percent of society has wealth equal to the bottom 90%. Those are numbers very similar to the inequites that existed in most parts of Europe prior to the French Revolution. Fortunately, since the USA is nominally a democracy it is possible for change to occur without the level of violence and social disruption associated with Revolutionary France.

The fact is that the United States cannot continue with a system in which more and more wealth is concentrated in the hands of a continually shrinking upper class. The current economic crisis is already proof that the system is beginning to fall apart and it will almost certainly get worse if nothing is done about it. A society in which half the population is so poorly paid that it does not pay any income tax is one that cannot endure for long without serious social and economic consequences.

Or the Canadian one.

There is no shortage of nimrods up here. The current idea of 'protesting' or participating is to show up, make a face, perhaps break something, get some youtube facetime and call it a day. Mass hysteria, follow-the-leaderless, we-hate-Cons/Cherry/Harpo mob mentality.

Societal mouth-breathing fail on a huge scale.

I find it rather amusing that left wing protestors are accused of having a mob mentality while those protesting on the right a considered hard-working patriots. Lumping all protestors together might make them easier to understand, but it is hardly an accurate assessment of the many individuals who are part of the protest.

Something I noted when viewing town hall meetings of Tea Party protestors was that many of the participants did not really seem to understand what they were protesting about. It appears to me that the Wall Street protestors have a very good idea about what they are protesting simply from the chosen location of their protest if nothing else.

As for mass hysteria I haven't noted any sign of that in the media coverage nor have I noted any advantage in intelligence when comparing right wing protestors to those on Wall Street.

 

[gopher]

Tea Party people probably have jobs and aren't saying "gimmee gimmeee gimmee".

Shocker: Tea Party Congress members take tons of farm subsidies

Not even anti-government activists can wean themselves from Uncle Sam

Shocker: Tea Party Congress members take tons of farm subsidies - Tea Parties - Salon.com

Shocker: Anti-government activists are all welfare queens! But they accept the “wealthy white person” version of welfare, which is “farm subsidies.” (The “wealthy white person” version of welfare is also lots of other subsidies and tax credits and government spending.)
According to ABC, “at least 23 current members of congress or their families have received government money for their farms.” Some of them received a lot of money:

The biggest recipient was Rep. Stephen Fincher, a Republican from Frog Jump, Tenn.
While the self-described Tea Party patriot lists his occupation as “farmer” and “gospel singer” in the Congressional Directory, he doesn’t mention that his family has received more than $3 million in farm subsidies from 1995 to 2009, according to the Environmental Working Group.
​

 

[Kreskin]

I think people are fed up with exporting jobs to slave labor nations for the benefit of the rich. It's complete nonsense that no one does anything about it. I agreed with Donald Trump when he said if China doesn't allow their currency to rise then all products from there should be slapped with a 25% duty. If things don't change I can see this getting very ugly. People can only take so much of it.

 

[Locutus]

It's a troll flash mob created by Wade Rathke (ACORN) and Stephen Lerner (SEIU lackey and frequent White House visitor). Soros cheers from the sidelines.

Wall Street targeted for Britain-style riots

Occupy Wall Street: Mass Economic Riots Are Now Here And America Will Never Be The Same | What Am I Missing Here?




At any rate, Herman Cain is right. Their focus should be on 1600 Pennsylvania Avenue.

 

[Tonington]

Duped? People need to take more responsibility for what they get themselves into with regards to debt. They wanted it all.

Yeah, and I guess everyone who ever ate tainted food products should have taken more responsibility and tested the food products they purchased before they consumed them too...

That would be quite the utopia, if everyone had the tool box necessary to be so knowledgeable that they could perform all analysis on everything in their daily lives by themselves...

There's plenty of blame to go around...but in the end it was poor regulations that allowed all of the actors in this twisted play to put this production on.

Sure the President deserves some blame. He was pushing for tougher regulations and what he got was lame. But I don't see any Tea Partiers blaming the bankers, who have fought tooth and nail to avoid taking any responsibility for what happened. So there'll be niche groups focussed on different actions, maybe if your country can get it's act together it will realize that there's merit to all of these groups, and actually fix your financial mess.

But that's probably also utopian, I guess some would rather be derisive and focus on the nutters and write fail posts. Cheer for your team ehh? Fly the colours...The partisan divide in your country is insane. Ours isn't much better.

 

[CDNBear]

Yeah, and I guess everyone who ever ate tainted food products should have taken more responsibility and tested the food products they purchased before they consumed them too...

Speaking of fail.

Try again. You may not be able to tell if your food is tainted, but you sure as hell can tell if you're living beyond your means Ton.

 

[TenPenny]

Fail.

if the 'experts' tell you that you're not living beyond your means, or the 'experts' tell you your food is safe, then you are expected to believe them. They are, after all, the 'experts'.

 

[Tonington]

Speaking of fail.

Try again. You may not be able to tell if your food is tainted, but you sure as hell can tell if you're living beyond your means Ton.

I can, well I can actually do both. But there are plenty of people out there who can't.

If you sit someone down in front of an "expert" in the bank, and they start maneuvering numbers around showing the customer how they can manipulate the payments...some people are just going to accept what they're told, because they won't admit they don't understand it. That's basic human psychology.

Disagree? I'd love to hear why. It's not a secret, hell people get shafted all the time with scams because they trusted someone's so-called expertise.

And that's what this was, a huge scam.

 

[CDNBear]

Fail.

if the 'experts' tell you that you're not living beyond your means, or the 'experts' tell you your food is safe, then you are expected to believe them. They are, after all, the 'experts'.

Ten, you're no dummy, if some banker told you that you could afford a debt load that just wasn't supported by your income, you wouldn't believe them.

Just because someone claims they're an expert, or even has the credentials to back that up, doesn't mean you should believe every word that comes out of them.

I'm not trying to absolve those 'experts' of culpability, but far to many people have nothing today, or own Florida swamp land, because greed and vanity, blinded them to reality and stopped them from digging a little deeper.

 

[Tonington]

I'm not trying to absolve those 'experts' of culpability, but far to many people have nothing today, or own Florida swamp land, because greed and vanity, blinded them to reality and stopped them from digging a little deeper.

Or, because they're what some people would call dummies...

 

[CDNBear]

I can, well I can actually do both. But there are plenty of people out there who can't.

And that means their stupidity is someone elses fault?

If you sit someone down in front of an "expert" in the bank, and they start maneuvering numbers around showing the customer how they can manipulate the payments...some people are just going to accept what they're told, because they won't admit they don't understand it. That's basic human psychology.

Or they're just as greedy and vane and the so called experts fudging the numbers.

Disagree? I'd love to hear why. It's not a secret, hell people get shafted all the time with scams because they trusted someone's so-called expertise.

Again, the culpability lies with both parties.

If not, I have water front property in Florida for you, for a mere $25,000CDN. And copper busts of Lincoln, for only $20.

And that's what this was, a huge scam.

I agree, and those duped were predominantly greedy and vane. Trying to surpass the Jones.

Or, because they're what some people would call dummies...

According to some accounts, Barnum called them suckers.

"This way to the Great Egress"

 

[Tonington]

And that means their stupidity is someone elses fault?

No...but when their stupidity, and others greed, and all the combinations of greed and stupidity can bring down global finance...well maybe that's a sign that people are too stupid and greedy to be trusted, so mitigations have to be put in place. Again, it's really only the bankers that are actively fighting against that.

Or they're just as greedy and vane and the so called experts fudging the numbers.

Sure, there's plenty of possibilities.

Again, the culpability lies with both parties.

Yes.

 

[CDNBear]

No...but when their stupidity, and others greed, and all the combinations of greed and stupidity can bring down global finance...well maybe that's a sign that people are too stupid and greedy to be trusted, so mitigations have to be put in place.

Yep, and the education system needs to be overhauled.

Again, it's really only the bankers that are actively fighting against that.

While people heap all the blame upon them, aside. No one wants to see their big fat meal ticket taken away. That's not to say that some people don't need to be protected from themselves.

I blame Clinton.

Yes.

I figured that you would agree that this...

Yeah, and I guess everyone who ever ate tainted food products should have taken more responsibility and tested the food products they purchased before they consumed them too...

Was a tad over the top too. You like Ten, are not stupid.

 

[Retired_Can_Soldier]

We have become a society of "must have now" and I will be completely honest I am also guilty of this. When my parents wanted a new 26" color television they saved for it. Six months before Christmas my Mom used to start putting away what little extra cash she had.
The old saying back then was "Save for a rainy day." Remember?

Now we have, "Don't pay for two years." and "Ho ho hold the Payments"

Our generation is an on demand generation. Gimme gimme gimme. Except when you can't pay your heating bill or your horrified that mortgage rates might rise you really have no one else to blame but yourself.

I do however think that there has to be tighter regulations put on lending institutions and the credit card companies also need to be reigned in. One of my kids wasn't even out of high school and Visa was trolling him.

The other thing I would like seen done away with are the following:

These places target individuals and are nothing less than legal lone sharking. When my son was doing whatever he could do to get wasted these places were complete vultures. On more than one occasion he went into these places wasted out of his mind and they were all to happy to sign over his paycheck. Then when he didn't pony up they were relentless with harassing calls to his mother and me while he was in ReHab. I actually threatened to kill one of these cockroaches after about the tenth call.

If you sit in front of one of these places and watch them do business you will be absolutely aghast at the amount of people that wander in and sign on. Many of these are the same people you will find waiting for the liquor store to open or scoring drugs in the seedier part of town.

They don't discriminate, you can be wasted out of your skull. Just sign here..

I went so far as to write Jim Flaherty about this and he handed me off to the Provincial Finance Minister who never responded.

What a waste of time that was.

 

[darkbeaver]

Speaking of fail.

Try again. You may not be able to tell if your food is tainted, but you sure as hell can tell if you're living beyond your means Ton.

One of the benchmarks of inflation is the average persons inability to gauge near future economic conditions in volatile markets. Most of those unfortunates who took out loans did not have the same access to trending financial information about the near term. In that way the banks very much did fraudulently lend.
On a much lighter note you personally (the zionist mouthpiece known as CDNBear) haven't a clue about the ultimately beyond means living and shilling that turns your tiny **** crank. I do believe you've taken out a loan that you cannot service. Those who worship the golden calves should remember that the little bagmen go to the gallows far ahead of the suits. insert smiley

 

[CDNBear]

One of the benchmarks of inflation is the average persons inability to gauge near future economic conditions in volatile markets. Most of those unfortunates who took out loans did not have the same access to trending financial information about the near term. In that way the banks very much did fraudulently lend.

Economic down turn, bears no weight on purchasing beyond ones income.

On a much lighter note you personally (the zionist mouthpiece known as CDNBear) haven't a clue about the ultimately beyond means living and shilling that turns your tiny **** crank.

"Lighter" is quite right. Light on intelligence, in particular.

I do believe you've taken out a loan that cannot service.

Yes I did. But I'm not blaming anyone else, but my own poor judgment. I got busy on fixing my mistake, and succeeded. I didn't look for someone to blame.

That's what small minded, sad little people like you, do.

insert smiley

In the same place your head is?

 

[darkbeaver]

Economic down turn, bears no weight on purchasing beyond ones income.

"Lighter" is quite right. Light on intelligence, in particular.

Yes I did. But I'm not blaming anyone else, but my own poor judgment. I got busy on fixing my mistake, and succeeded.

Says the little man, who admittedly lives on a palatial estate, and refuses to start a commune. Your hypocrisy, knows no bounds.

You must be fished out today your reply was not up to your usual low standard even.

(QUOTE=CDNBear;1487267 Economic down turn, bears no weight on purchasing beyond ones income.) This is quite stupid though.