Occupy Wall Street

[houston]

I'd much ratha oc-cu-py Bourbon St.

[Scott Hutchinson]

http://townhall.com/video/

[scotty]

Originally Posted by crakjak

I like what Dave Ramsey has to say about OWS.
http://www.daveramsey.com/article/de...ed101920111325

I love that guy, great article, tells it like it is.

[Ferd]

Originally Posted by Dagwood

I believe there were about 20 arrests here in Dallas. That's after they were ordered to relocate from City Hall plaza to some park not far away. As they (the protesters) put it, they were being driven to another location with less exposure as a means of violating their first amendment rights...

I hope riots and/or fires don't result. But, I wouldn't put it past them to something like that...

I saw the arrests on Channel 8 news.

The occupy people were sitting in front of the entance to a citibank. They would not allow customers to enter or those inside to exit.


They were told by police to move. they did not.
They also were wearing bandanas over their faces soaked in water to help with the teargas they expected and they all had a lawyers number written in sharpie on their arms.

They WANTED to get arrested. They planned it. It was on purpose.

[Ferd]

Originally Posted by Amanah

I don't blame people for rising up in protest.

Wall street climbed to prosperity on our backs and then shipped our jobs overseas, leaving us to suffer and scramble to try to stay employed

the economies of the world are emploding, we are just now feeling the suffering of others.

Amanah, that really didnt happen.


Wall Street just moves shares of stock around. If you have a 401K someone on wallstreet is working for you.

Companies have moved jobs over seas NOT wall street.

They have done it for a large number of reasons. A large part of the reason these jobs get moved is because government required regulations put cost structures in place that make it impossible to compete globally.

part of the issue is that it just costs less to build a product in other countries. and part of the reason is the workforce here will not do the work required at the rate that can be paid.

Wall Street didnt do that.


What Wall Street did do... and by Wall Street I am talking about the investment banks, is they did do some funny things with loans.

To start with banks lent money to people who could not afford the loan, then they sold the loans in bundles to the big investment banks. then the loans went belly up.


the thing that caused this was two fold. first,congress changed the community reinvestmnet act (CRA) to force banks to create home loans in low income neighborhoods. Guess what? Those folks couldnt pay them back.

Second, congress got rid of banking regulation that had been in place for decades. those regulations required all banks keep certain amounts on cash on hand and that the investment banks could not act as regular banks.

Then the new regulations allowed for the creation of dirivitives that create a kind of insurance to back the loans.

The new regulation failed. the old regulation was good. and on top of that the CRA CAUSED the mess to start.


It was our wonderful FEDERAL Goverment that caused this mess. it was all done in the late 1990s.


this anger with Wall Street while in some areas is warrented (they found a way to make a lot of money on the backs of poor people becuase of the regulations in place) but the CAUSE of the mess was our government.

[Dagwood]

Originally Posted by Ferd

I saw the arrests on Channel 8 news.

The occupy people were sitting in front of the entance to a citibank. They would not allow customers to enter or those inside to exit.


They were told by police to move. they did not.
They also were wearing bandanas over their faces soaked in water to help with the teargas they expected and they all had a lawyers number written in sharpie on their arms.

They WANTED to get arrested. They planned it. It was on purpose.

Gotcha. Thanks for clarifying. I haven't been keeping up with every detail of what's been going on...

[Ferd]

I think they should round up all the Occupy people, and ship them off to ANWR to protest there in their underwear... in the dead of winter.

[Michael The Disciple]

Months ago I watched the origins of this on Glenn Beck. He was showing a video of a guy named Learner. Some high up Union guy was doing a teaching session where he had the OWS thing planned out. The goal was to collapse Capitolism. Im not kidding. We knew this was coming months ago. People were mocking Beck to scorn. Yet here we are just like he warned.

[Nitehawk013]

Beck has been right on more things than most care to admit. He is a little overboard on the "sky is falling" rhetoric, but he has been right about a lot of things the past few years.

[Praxeas]

Ill take them a little more seriously when they throw away their Iphones and stop throwing rocks at the Police then blaming them when they hit back