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View Poll Results: Still angry at Wall Street?
Yes, they're a bunch of bastards 54 84.38%
No, I forgive them 10 15.63%
Voters: 64. You may not vote on this poll

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Old 03-27-2013, 04:31 PM
 
Location: Vallejo
21,829 posts, read 25,102,289 times
Reputation: 19060

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Quote:
Originally Posted by CaptainNJ View Post
i was listening to john gambling on the radio and he said (and he said he has been saying for 12 years) vote out all imcumbents. i was thinking that i bet he himself has voted for incumbents especially if the incumbent was a repiblican. but i dont really think thats a policy that makes sense. because the person who replaces the incumbent will probably act the same as the incumbent. not that it will turn out any better, but i believe we should at least try to vote out people who actually are trying to change the current 100% corrupt government like tea party/libertarian folks.
Problem is the Tea Party/Family Values Party doesn't seem to be that serious about fiscal issues.
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Old 03-27-2013, 05:24 PM
 
8,104 posts, read 3,957,018 times
Reputation: 3070
Quote:
Originally Posted by CaptainNJ View Post
i was never mad at wall street. i was and continue to be mad at our government.
Anyone who was ever not mad and is still not mad at the Banksters on Wall Street was never paying attention to begin with.

I am mad at our government as well.

Here is our government



And who they represent:


BARACK OBAMA (D)
Top Contributors


Goldman Sachs $1,013,091
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Morgan Stanley $512,232
Latham & Watkins $503,295

If it were not Obama, then Romney would have done just fine as well for the Banksters:

MITT ROMNEY (R)
Top Contributors

Goldman Sachs $1,033,204
Bank of America $1,009,402
Morgan Stanley $911,055
JPMorgan Chase & Co $833,096
Wells Fargo $674,076
Credit Suisse Group $640,620
Citigroup Inc $510,199
HIG Capital $382,904
General Electric $332,875
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Old 03-27-2013, 05:28 PM
 
48,502 posts, read 96,816,250 times
Reputation: 18304
Quote:
Originally Posted by mathjak107 View Post
there are always crooks in every walk of life. it is never okay but that doeas not change the fact in this case both the public, wall street and the gov't all played a role in what happened. singling any particular party out and blaming just them is just not fact.

it was greed driven and everyone including the public was guilty.
We see noe the worm turns in that the people of Cypress a have now turned on the people they vote for to provide the type of system they are suffering fro. The can kickers.
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Old 03-27-2013, 05:38 PM
 
8,104 posts, read 3,957,018 times
Reputation: 3070
Also, it is complete BS that the government "made" the poor Banksters make loans to unqualified borrowers.
The Wall Street Politicians that hail from places like Goldman Sachs are the government and they were helping their fellow cronies in their circle on Wall Street.

They then exported these crooked financial instruments to everyone around the world in order to mitigate risk and pass these on to other unsuspecting muppets. Not to mention, had the tax payers backing them as well with Fannie and Freddie Mac.


The scheme was all hatched out by the Wall Street bankers to begin with and their DC cronies passed it.

Tell me something, in 1994 Brooksley Born wanted to regulate derivatives because she saw the dangers these instruments posed. 13 Bankers told her and Summers who is Boss and those in DC backed off.

Someone show me 13+ bankers going to DC demanding lax regulations and lowered lending standards be reversed. They were in on it, and there was a lot of crimes to commit. They got off scott free while the rest of America paid for it.


Watch The Full Program Online | The Warning | FRONTLINE | PBS


Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born.

Quote:
"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"

If your not mad, your not paying attention!
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Old 03-27-2013, 07:57 PM
 
31,683 posts, read 41,024,360 times
Reputation: 14434
Quote:
Originally Posted by J746NEW View Post
Also, it is complete BS that the government "made" the poor Banksters make loans to unqualified borrowers.
The Wall Street Politicians that hail from places like Goldman Sachs are the government and they were helping their fellow cronies in their circle on Wall Street.

They then exported these crooked financial instruments to everyone around the world in order to mitigate risk and pass these on to other unsuspecting muppets. Not to mention, had the tax payers backing them as well with Fannie and Freddie Mac.


The scheme was all hatched out by the Wall Street bankers to begin with and their DC cronies passed it.

Tell me something, in 1994 Brooksley Born wanted to regulate derivatives because she saw the dangers these instruments posed. 13 Bankers told her and Summers who is Boss and those in DC backed off.

Someone show me 13+ bankers going to DC demanding lax regulations and lowered lending standards be reversed. They were in on it, and there was a lot of crimes to commit. They got off scott free while the rest of America paid for it.


Watch The Full Program Online | The Warning | FRONTLINE | PBS


Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born.




If your not mad, your not paying attention!
We all need to remember that even if we sold our house prior to the melt down to a well qualified buyer with solid credentials we may have still benefited from the shaky lending practices. Especially the more expensive your house was. For us our house sale was the fifth in a series of six transactions. Our new house when we transplanted ended the cycle. The cycle began with a row home in the city that may well have been shaky it progressed with the previous owner of each sold house moving up and buying a more expensive house til they got to us. The buyer of our house put 260K down but without the transactions before him that would not have happened. So yes I was paying close attention, very close attention but I knew that my equity from selling was probably a result of the behavior that created the meltdown. So with full disclosure should I really be as outraged as some think we all should be or should I kick back and be happy we sold just as things were starting to really slow down and we sold at 95% peak and after us it really started to fall. Yes I fully understand that the equity in my house which had really taken off was based on a lot of transactions some that should not have happened that created the demand that drove my home price up. I knew it then but hey that was part of why we decided to do it when we did because it was obvious the gig was soon about to be up. A lot of average people took a beating but a lot of other average folks profited from the beating they took.
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Old 03-27-2013, 08:43 PM
 
20,706 posts, read 19,349,208 times
Reputation: 8278
Quote:
Originally Posted by J746NEW View Post
Anyone who was ever not mad and is still not mad at the Banksters on Wall Street was never paying attention to begin with.

I am mad at our government as well.

Here is our government



And who they represent:


BARACK OBAMA (D)
Top Contributors


Goldman Sachs $1,013,091
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Morgan Stanley $512,232
Latham & Watkins $503,295

If it were not Obama, then Romney would have done just fine as well for the Banksters:

MITT ROMNEY (R)
Top Contributors

Goldman Sachs $1,033,204
Bank of America $1,009,402
Morgan Stanley $911,055
JPMorgan Chase & Co $833,096
Wells Fargo $674,076
Credit Suisse Group $640,620
Citigroup Inc $510,199
HIG Capital $382,904
General Electric $332,875
I thought I was alone.
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Old 03-27-2013, 09:21 PM
 
Location: Los Angeles area
14,016 posts, read 20,898,193 times
Reputation: 32530
Quote:
Originally Posted by gwynedd1 View Post
I thought I was alone.
We are all ultimately alone:

Le Petit Prince: On est un peu seul dans le désert.
Le serpent: On est seul aussi chez les hommes.
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Old 03-27-2013, 09:37 PM
 
20,706 posts, read 19,349,208 times
Reputation: 8278
Quote:
Originally Posted by Escort Rider View Post
We are all ultimately alone:

Le Petit Prince: On est un peu seul dans le désert.
Le serpent: On est seul aussi chez les hommes.
I thought I had a little time before then.
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Old 03-27-2013, 10:07 PM
 
Location: Los Angeles area
14,016 posts, read 20,898,193 times
Reputation: 32530
Quote:
Originally Posted by gwynedd1 View Post
I thought I had a little time before then.
Well, that particular quote doesn't mean death, even though later the snake is the chosen mode of "death" (transformation) of the Little Prince. The statement "One is also alone among men" is referring to our existential situation (aloneness) vis à vis each other.
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Old 03-28-2013, 03:20 AM
 
8,104 posts, read 3,957,018 times
Reputation: 3070
Quote:
Originally Posted by TuborgP View Post
We all need to remember that even if we sold our house prior to the melt down to a well qualified buyer with solid credentials we may have still benefited from the shaky lending practices. Especially the more expensive your house was.
I understand what your saying in regards to the buyers and sellers, but it is the policy makers that hail from Wall Street that are ultimately responsible. They want to be able to buy politicians but not take responsibility for the policies they helped create.

I never got sucked in and stayed far away from real estate and still do because it is way out of the historic 2x ones average income ratio. It is out of control and inflated because of these policies.


We say it is the policies created by the CEO of a company that determines if a company sinks or swims, so they take all the responsibility and profits, and take all the risk as well....that is how it is supposed to be anyways. The same goes for our bought and paid for politicians, that pass policies created by Wall Street, but don't want to take responsibility when it all goes to hell in a hand basket, and have their hand out to pay for their bad gambles and have the rest of us pay for it.
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