I'm glad you mentioned Lehman Bros, since Dick Fuld, who might be the world's greatest d-bag, walked away with $500 million in cool cash over the years while he ran Lehman into the ground, destroying the life savings of 28,000 employees in the process. Or perhaps you think a distinction should be made between common bank employees and financial executives?
no, I think he's got it about right. It does seem odd to me that this is just getting going in the Fall <iframe width="420" height="315" src="http://www.youtube.com/embed/0TvpGw7xDv8" frameborder="0" allowfullscreen></iframe>
im 24 and the majority of those people are in my age range... what a bunch of whiners that want more handouts. welcome to reality. with that said there is a major problem with this country but people are not focused on the right issue(s) and have no reasonable solution(s).
cynics gonna cyn. this is pretty much how the tea party started, buncha pissed off people demonstrating spontaneously.
This whole Wall Street Protest thing perplexes me to no end. I can't believe it hasn't happened sooner and I can't believe it is non-violent. Bring back tar and feathers! Public stocks for the lot of them! And yes, you're damn right it is class warfare. About time too.
You don't understand the role of government do you!? It is NOT their job to CREATE wealth to generate taxes, that is ridiculous!!!!!! The job of government is to provide enforcement and protection of the nations policies and interests. To provide services and security to the people with responsible management of resources. The reason why you elect a government is so they can manage the state. I do understand the self-regulate argument you are making. But, in this case the general pubic was blind to the banking tricks that were being used to create value of risky mortgages. To most it seemed like a great investment. You can't call it greed when all they are doing is trying to make money, legally. BUT, unlike the general public the banks were aware of what was happening, though everyone was making too much money to point it out. The government here was supposed to step in and GOVERN, they didn't because the banks had them in their right pocket....and this hasn't changed, hence the movement of occupy wallstreet.
Umm, yes I can. WTF? Most greedy people do things legally. It doesn't make it any less greedy. People wanted to afford more house than they could, so they accepted more risk than they should have. Some were certainly tricked into it through mortgage fraud. But most chose not to bother to learn what they were doing - which is a really stupid idea when you're borrowing an amount that far exceeds your annual income. Why did they do this? Because they wanted the bigger, fancier house. Your argument makes no sense - what the banks were doing was legal too (outside of a handful). Both the banks and the individuals were greedy and doing what gave them the biggest benefit, consequences be damned.
Hmmm, no. People didn't know the risk. They didn't know it was a bubble. It was my mistake to even call them greedy. How can I expect a maid who owned three homes to understand the economic conditions in the marketplace, she is a maid for a reason. My mistake. Yes they did, but when your home value keeps rising, as an uninformed individual you see it as a good investment. Really smart people didn't see this coming, how could these people? It was legal because the government was not going their job. These bankers actually had the knowledge of what they were doing was wrong. Amazing how you can't identify the root of the problem.
libertarians and conservatives do have solutions. their ideals are built around the solution. free market. No relation between business and government. Obviously their would be no crony capitalism (what these college kids are complaining about) if their is no force in the market. You would think these kids would be able to figure out the correlation between what they are complaining about and Solyndra (a company who just received a bunch of tax payer money because they have friends in the government), but they can't because they are morons.
There is no free market if the the some of the players are corrupt. Is buying off rating agencies a free market tactic? Buying off politicians? Using shills to promote false information? legal bullying of shallow pocketed whistle blowers? Pump and dump stock scams? If you believe in a free market, you are unbelievably naive. People will sell you lead based snake oil if they think they can get rich doing it.
you don't understand free markets. college kids are so cool <iframe width="560" height="315" src="http://www.youtube.com/embed/l3Y9CARUwio" frameborder="0" allowfullscreen></iframe>
it's interesting that this is being coined a "liberal" only protest. Dangerous to go that way. Because right-wingers may disenfranchise the middle of the political spectrum - who are frustrated with wall street and gross arrogance of the rich right now. It's like tallanover, basso, commodore, and donkeymagic are saying, "hey, these are all whinely liberal kids" and "let them eat cake" We all know how that ended.
yeah I remember the time 700 tea party members got arrested...... oh wait the tea party had their biggest event at the Lincoln Memorial and then picked up their trash and went home. Like adults.
