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Brooklyn Bridge shut down by protesters

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I can't stand these people. They're very nearly the same types who were rioting in London.

 

 

News reporter: Excuse me sir, what is it exactly that you are protesting against?

 

Protester: UMM CAPITALISM IS UHH BAD, SOMETHING ABOUT THE RICH AND THE POOR....INEQUALITY! TAXES! JIBBER JABBER ECONOMY! LEAVE LASSEZ-FAIR IN FRANCE! Uhh INTEREST RATES! CORRRRRRRUPTION!

 

News reporter: Well put. In your opinion, what should be done to improve the conditions you're protesting over?

 

Protester: *Blank stare*

 

News reporter: So you just want to be angry about something?

 

Protester: Yes that's pretty much it I suppose.

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I can't stand these people. They're very nearly the same types who were rioting in London.

 

 

News reporter: Excuse me sir, what is it exactly that you are protesting against?

 

Protester: UMM CAPITALISM IS UHH BAD, SOMETHING ABOUT THE RICH AND THE POOR....INEQUALITY! TAXES! JIBBER JABBER ECONOMY! LEAVE LASSEZ-FAIR IN FRANCE! Uhh INTEREST RATES! CORRRRRRRUPTION!

 

News reporter: Well put. In your opinion, what should be done to improve the conditions you're protesting over?

 

Protester: *Blank stare*

 

News reporter: So you just want to be angry about something?

 

Protester: Yes that's pretty much it I suppose.

 

Was that the exact interview?

 

News reporter: Excuse me sir, what is it exactly that you are protesting against?

 

Protester: UMM SOCIALISM IS UHH BAD, SOMETHING ABOUT THE RICH AND THE POOR....INEQUALITY! TAXES! JIBBER JABBER ECONOMY! LEAVE LASSEZ-FAIR IN FRANCE! Uhh INTEREST RATES! CORRRRRRRUPTION!

 

News reporter: Well put. In your opinion, what should be done to improve the conditions you're protesting over?

 

Protester: *Blank stare*

 

News reporter: So you just want to be angry about something?

 

Protester: Yes that's pretty much it I suppose.

 

You see what I did there?

 

There are idiots on both sides of the fences. Nobody can deny that.

 

I saw a video of people at an Earth Day rally signing a petition to ban dihydrogen monoxide. Yea, a petition to ban water. People are sheep and will follow just about anything that sounds good. That's just the way it is.

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There are plenty of legitimate things to protest about Wall Street. With the Government bailouts, the firms that were too big to fail have grown even larger. They fed at the trough and used the money to even further consolidate the banking and finance industry. That wave of bailouts has forever insured future bailouts, because now one of these mammoth companies going under will drag the entire economy down with it. While many of the protesters look like they are just filthy hippies in between Phish shows, I'm sure there are a good number that are against corporate welfare and want to see some of the multinationals broken up into pieces that won't drag us all down if they fail. Unfortunately, their gripes can't be shrunk down into 5 second sound bytes, so they tend to not make the news.

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There are plenty of legitimate things to protest about Wall Street. With the Government bailouts, the firms that were too big to fail have grown even larger. They fed at the trough and used the money to even further consolidate the banking and finance industry. That wave of bailouts has forever insured future bailouts, because now one of these mammoth companies going under will drag the entire economy down with it. While many of the protesters look like they are just filthy hippies in between Phish shows, I'm sure there are a good number that are against corporate welfare and want to see some of the multinationals broken up into pieces that won't drag us all down if they fail. Unfortunately, their gripes can't be shrunk down into 5 second sound bytes, so they tend to not make the news.

 

I'm completely supportive of those who actually understand and wish to change the situation, I just can't stand the people who enjoy protesting for the sake of protesting; it devalues the concept.

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just a quick thing... the government is making money on the wall st bail outs. most of the money has already been paid back.

 

Government motors on the other hand.... =P

 

Wall st is owned by shareholders, ie, you own it via your mutual funds, etc.

 

Are there things wrong? Sure... but it starts at the government level.

 

as much as I am against bail outs, they were absolutely necessary.

 

Todays issues are different, and should be mostly focused at politicans, on both sides of the aisle.

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I saw this on the news this evening, and most of the protesters who had signs seemed to be against the "rich" and large corporations. Some were saying they were inspired by the Arab uprisings. My question is, do these people think they are going to be able to change our country into a socialist or communist country by protesting in the streets. We have democracy, change in this country is going to come through voting, not taking over Wallstreet.

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the bailouts may have been necessary, but they should of gone hand in hand with some good old fashioned trust busting. we're in a sad and precarious state of affairs when one company, like a Goldman or Bank of America, going under could bring down the entire United States economy.

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the bailouts may have been necessary, but they should of gone hand in hand with some good old fashioned trust busting. we're in a sad and precarious state of affairs when one company, like a Goldman or Bank of America, going under could bring down the entire United States economy.

 

 

Chris, its not a monopoly though.

 

I have accounts at BOA and Chase, and if BOA starts nickel and diming, will be going to a local credit union instead.

 

When we were on the verge of collapse, it was not GS, or BOA, or anyone else, it was Lehman and AIG. The core problems are unregulated markets where re-insurers were allowed to underwrite billions of credit default swaps, with almost not oversight, and no reserve requirements. The vast majority of the AIG bail out, went to pay off the CDS that AIG wrote and was on the hook for. for 99% of the other transactions, the banking reserve requirements were just fine.

 

The banks exaserbated the problem, however they did not cause them. Public policy around residential lending was.

 

As much as the banks are on the hook, I don't see anyone complaining about all the people who kept fueling the housing market when they could obviously not afford it, and then simply walk away from their debt when it no longer suited them.

 

There is almost zero personal accountability by folks who purchased their homes at the peaks. yep, it is the banks fault, they made you buy the home you could not afford, the cigarrette companies made me smoke, the booze companies made me drink.

 

We live in an amazing country full of freedom and opportunity, if any of those lazy ass protesters worked for me, they would be fired on the spot.

 

For all the unemployement issues, hah, my biggest challenge is finding good, qualified, motivated people.

 

I am not defending wall st, they messed up, but trying to scapegoat it on someone else, is not being truethful to the situation. The people are responsible too.... we elected alot of these morons.

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I am not letting people off the hook either. For almost every unscrupulous lender, there was a buyer willing to go along. How many unwitting dupes do you think are really out there? My point is simply that these huge institutions are using the crisis to become ever larger. Do you really think you are going to have more than two major banks to choose from in a few years? All that will be left are one or two biggies, and a bunch of credit unions and local savings banks. A duoploly or triopoly is nearly as bad as a monopoly.

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I love it when people in law enforcement express this opinion about citizens exercising their first amendment rights. It gives me so much hope for our society.

 

I'm with him this time!!! LOL :)

 

Hey, wanting it and doing it are two different things. I don't think cops are to douchebags as priests are to tarts. Priests are not allowed to want it.

 

If I became a cop tomorrow, I would still want to set those shitbags on fire. Or at least scorch them around the edges a little.

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I don't see anyone complaining about all the people who kept fueling the housing market when they could obviously not afford it, and then simply walk away from their debt when it no longer suited them.

 

Uhm, lots of people have been complaining about the greedy idiots that did this. Even worse were the people that refied and bought BMWs and 55inch flat screens.

 

AIG got bailed out and Goldman rocked massive bonuses on taxpayer bailout money. You, me and everyone here will be paying for the rest of lives the money that was given to Goldman Sachs. We could save hundreds of billions of dollars if we sent delta force in and eliminated everyone with prejudice and imploded their building. Then they could go visit the crooks over at the JP morgue.

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Chris, its not a monopoly though.

 

When we were on the verge of collapse, it was not GS, or BOA, or anyone else, it was Lehman and AIG. The core problems are unregulated markets where re-insurers were allowed to underwrite billions of credit default swaps, with almost not oversight, and no reserve requirements. The vast majority of the AIG bail out, went to pay off the CDS that AIG wrote and was on the hook for. for 99% of the other transactions, the banking reserve requirements were just fine.

 

Sorry, but with regards to the credit default swap shenanigans, the banks are culpable, they weren't some doe eyed innocent. Then you have things like pulling BS with gold leases vs metal on hand, while at the same time acting in collusion with their mining contractors to limit ingot size to drive up metal prices for small quantities to justify pushing up lease prices while extending the "reserve ratio" on the metal they actually did have. Then you have folks like goldman sachs opening up commodities warehouses so they can delay release of materials and get an advantage on spot markets. Add to that that you have a few key banks that have access to all trade date just a wee bit sooner than everyone else.

 

The fact that goldman sachs has had cronies in most of the top positions of federal money management for way too long doesn't help.

 

There's nothing wrong with banking and making a buck, there's definitely something wrong with the current state of banking.

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Yeah, this poor kid. Lies about his parents losing their $500,000 home that they only owe $60K on.

 

He got a college degree at the cost of $40K+ a year and now he's going to George Washington University Law School at the cost of $74K a year.

 

I think the University should throw him out on ethics charges for lying.

 

Bunch of idiots!

 

http://www.glennbeck.com/2011/09/27/the-best-progressive-fail-youve-ever-seen/

 

 

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