Occupy Wall Street Movement Spreads Across the World!

im not talking monetary support or it costing me anything.and i dont watch or listen to anything like that.i dont even watch the news or read news papers.

im gonna sit this one out.thought it might be something worth getting involved in.

 

As of this point we as a whole have demonstrated a degree of ineptness in transacting personal business that calls for education. The fact is that the regulatory agencies in place at the time of the creation of the toxic bubble were pressured into not regulating the derivatives market and after the bubble nearly collapsed in '99 precipitating calls for more regulation, Congress passed a moratorium barring the CFTC (Commodity Futures Trading Commission) from regulating the derivatives markets over which it had previous authority.

This was deliberate. The government operated WAS complicit in encouraging this criminal scheme to be carried out- the sole purpose to commit innumerable counts of larceny against consumers looking to buy homes and investors, pension, 401k, and IRA holders, etc. to line the pockets of big banks who were pocketing the proceeds from the derivatives packages the mortgages were swiftly bundled into and dumped on Wall street... into countless portfolios- including ironically enough more than a few banks whose declared solvency evaporated when their net worth tanked as the housing bubble burst.

That enabled the consolidation of the banking industry when the big banks who were not hurting took hundreds of billions in TARP money in a move sold to the public on the premise that it was money to be available for lending to keep the economy going--- but once TARP became law the terms changed to "no strings attached" and what money the big banks didn't sit on they used to buy up smaller banks effectively setting up a situation where consumers had less choice coming out of the mess- to where they could exact unnecessary fees like $5 a month for debit cards and essentially screw the consumer

By its actions the government showed that it KNEW what was going on and it KNEW what the intent of the big banks in a process they KNEW was going to happen beforehand... multiple administrations LIED to the public and at VERY LEAST are criminally negligent. My belief is that they are directly culpable- and the same hardened criminals who helped engineer the crisis are in place today promoting themselves at having the solution... the same fucking criminal liars.

In my opinion, the US federal government is a rogue, criminal regime without one shred of legitimacy to run the country- we should be occupying Pennsylvania Ave. as well as Wall St.

 

you've not answered my questions anyways.

 

Of course not... I got side tracked on a rant. Anyway, we need to be educated to the point where we don't need to become protected from ourselves but yes we do because we've collectively permitted ourselves to intellectually atrophy to where many cannot make sound business judgments.

The question was (with added commentary)...

 

The answer will depend on who you ask. To me any simple tax cut would be made on the premise that the system as a whole is not broken which I do not believe to be true. The system needs to be rebuilt from the ground up and the vermin who pretend to hold legitimate authority need to be held accountable alongside their corporate cronies.

 

If you see nothing wrong with the system as it now is then you should sit this one out.

 

No one has really answered the OP's question.

In simple terms, banks were loaning money to customers that couldn't afford to pay the loans back. When these loans were not paid back, it had a snowball effect on the economy. These huge banks were all set to fail and the $700 billion dollar bail out using tax payers money was passed. Appearantly Americans are really slow, because it took them a couple of years to realize that a $700 billion dollar bail out is essentially corporate socialism. Its also theft, because tax money is meant to go to infrastructure and social programs that benefit everything. Tax money should never be spent on profit-making corporations.

So thats the root cause of the protests, although I think a lot of people have gotten involved for other reasons.

 

i see plenty wrong.but i just can not agree with the student loans thing.

i talk to people and hear about them going to school for nursing.then they get all pissed of cuz they cant find a nursing job.just how many fuckin nurses do you think we need?there is no gaurantee that you will get a job in your field of study and there never was.that is a chance that you decided to take.

like lottery tickets.i buy 4 20.00 tickets that has the odds of winning at 1 in 3.i win nothing.wasnt gauranteed to win so i should be asking for my money back?

 

yes

 

You should keep your money. The lottery is a self-imposed tax on the stupid.

 

It is a strictly voluntary tax thought- people self-nominate for that status.

 

This... ESPECIALLY the bold part

 

The protesters in this movement are very diverse, we are not all protesting the exact thing. Because 1 or a 1000 people are protesting student loans or others are there to protest the wars, while others still to reduce corporate influence in politics, the fact is we are out there trying. That is the most important thing, that we are out here to make the changes we want to see. I see the movement as the start of a forum where the people who see the problems in our country as well as the rest of the world to come together and begin the process of change. If you do not agree and do not wish to participate then do not, but when the changes begin do not complain because you choose not to let your concerns known.

 

not that question.

and my tax mention - it was satire and not confusion.

 

LOL. I liked the rant though.:2thumbsup:

 

why? it is pretty useless

with all due respect to stinkfoot

he have not critically assessed the situation whatsoever - instead he has summarized a very one sided

and may i add speculative viewpoint

that is overly typical of todays general consensus who will not stand to reason.

the fault is everybody's - they gave us the gun

but nobody asked us to pull the trigger.

 

and the antiquation of such viewpoint also must be considered

people 'loved to hate' tarp

an excuse to start pointing fingers

but it is a classic case of 'egg on your face' in america now - after all

paulson's idea now is making the government back its money with interest.

the car manufacturers are troublesome and lending there was a mistake

but ultimately a banker took charge of banking trepidation - i am happy knowing a man of knowledge tried to fix a problem probably over the head of your general 'one size fits all' politician.

 

it may seem like it helped the banks more than the people

this is probably true

but we've allowed for the businesses to become the size they are today.

we bought into capitalism.

the 'too big to fail' sentiment rings true - but we chose cheap

we chose economies of scale, bulk buying, bundle packages

multi-corporations

cappuccino makers and utterly pointless 'hands free kits' - for the decadent man who cannot grasp the notion of using a telephone.