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Old 10-06-2011, 06:58 AM
 
841 posts, read 1,237,761 times
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You know what's the only thing worse for the American economy, other than big business? The absence of big business.
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Old 10-06-2011, 06:59 AM
 
841 posts, read 1,237,761 times
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Quote:
Originally Posted by MikeyKid View Post
About flippin' time! Good for them.

One problem is that people may confuse these protests as against the employees of BAC, when this is just an extension of the Occupy Wall St movement. Protests like this are happening all of the country now and I applaud these people for trying to be heard peacefully.

So what's the end game? What're the expectations of the protestors of BOA?

Please articulate that so we can dissect it.
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Old 10-06-2011, 07:00 AM
 
Location: Ayrsley
4,714 posts, read 8,459,492 times
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Originally Posted by gator803 View Post
*sigh*
+1
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Old 10-06-2011, 07:03 AM
 
Location: Concord, NC
1,210 posts, read 1,935,359 times
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Quote:
Originally Posted by Native_Son View Post
But who packaged them up as AAA rated securities? Who knashed their teeth at the thought of obsene profits earned on the back of the middle and lower class?

There is plenty of blame to go around.
I agree. I was against the bailouts too. Everyone who took advantage of the system should be punished. This includes the people taking the loans, giving the loans, and backing up the loans.
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Old 10-06-2011, 07:05 AM
 
Location: Charlotte NC
11,723 posts, read 9,346,485 times
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Quote:
Originally Posted by Dest View Post
Why would you guys protest BofA? That is ~10,000 jobs for our city...
It's not the jobs people are protesting.

The banks gambled and lost and the people were forced to pay for their losses.. and now banks are charging more for transactions, have tightened credit and gone right back to the tactics that put them in a bad place.

Add the bogus foreclosures without proof of titles and you get a frustrated public.
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Old 10-06-2011, 07:06 AM
 
841 posts, read 1,237,761 times
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Quote:
Originally Posted by Feltdesigner View Post
It's not the jobs people are protesting.

The banks gambled and lost and the people were forced to pay for their losses.. and now banks are charging more for transactions, have tightened credit and gone right back to the tactics that put them in a bad place.

Add the bogus foreclosures without proof of titles and you get a frustrated public.

So what EXACTLY do the protestors want from BOA? Be specific and not "pie in the sky" notions of "give the money back to the people!"
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Old 10-06-2011, 07:09 AM
 
Location: Shakedown Street
1,452 posts, read 2,568,846 times
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Quote:
Originally Posted by Native_Son View Post
Absurd.

Believe it or not, Charlotte was just fine before BOA, Nations Bank and NCNB. We'll be fine when they're gone.
1.5 million Detroiters and I had a good laugh over that one. Oh, now there are only 800,000.
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Old 10-06-2011, 07:19 AM
 
841 posts, read 1,237,761 times
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And this is the fault of corporations? Hardly. The problem is far from that simple:

Nearly Half of U.S. Lives in Household Receiving Government Benefit



Nearly Half of U.S. Lives in Household Receiving Government Benefit - Real Time Economics - WSJ
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Old 10-06-2011, 07:19 AM
 
116 posts, read 205,585 times
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I have hard time to agree with these public protests.
Sure there are many innocent people participating, but usually these protests are nothing but a hot bed for anarchists and people with an agenda of social unrest.
Greed is the culprit to blame both sides, not only the banks.
Solution - learn from this bad experience and don't spend for things you cannot afford.
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Old 10-06-2011, 07:23 AM
 
3,458 posts, read 3,103,060 times
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Quote:
Originally Posted by lowercountry View Post
So what EXACTLY do the protestors want from BOA? Be specific and not "pie in the sky" notions of "give the money back to the people!"
i don't speak for them

but personally i think if a firm is too big to fail, it should be too big to exist, and should be broken up by the government.

if antitrust won't cover it, if we need to write new legislation that deals with TBTF, then so be it.
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