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It did not help the cause that they chose to squat and live like pigs in NYC.
The city picked up the massive tab for the clean up.
I am unaware that Occupy achieved anything.
In Chicago, the protests included plenty who were paid $10/hr and food to protest.
Yes, you right, it didn't! And the reasons why it didn't achieve anything are precisely what the article that no one will read is about. Your post is the height of irony.
Yes, you right, it didn't! And the reasons why it didn't achieve anything are precisely what the article that no one will read is about. Your post is the height of irony.
Really?
Just what part of protesters not cleaning up after themselves and thus causing the very communities in which they protest to spend hundreds of thousands or millions to clean up has anything to do with that article?
Just what part of protesters not cleaning up after themselves and thus causing the very communities in which they protest to spend hundreds of thousands or millions to clean up has anything to do with that article?
Just what part of protesters not cleaning up after themselves and thus causing the very communities in which they protest to spend hundreds of thousands or millions to clean up has anything to do with that article?
THAT is the height irony.
And yet it does not even begin to compare to the trillions that have been stolen from everyone behind the scenes by the Oligarchs that run the world.
The fact that you are bitching about chump change to clean up a protest greatly pleases them, because you are helping to deflect everyone's attention away from their massive crimes, just like their mainstream propaganda media does every day.
And yet it does not even begin to compare to the trillions that have been stolen from everyone behind the scenes by the Oligarchs that run the world.
The fact that you are bitching about chump change to clean up a protest greatly pleases them, because you are helping to deflect everyone's attention away from their massive crimes, just like their mainstream propaganda media does every day.
Define stole?
I'm just curious to know if you feel that when someone buys an iPhone, they are having their money stolen by Apple.
I'm just curious to know if you feel that when someone buys an iPhone, they are having their money stolen by Apple.
How about fraudulent mortgage practices or fraudulent securities ratings ? Like, deliberately issuing bad mortgages, deliberately packaging them in mortgage back securities without disclosing the risks, with the rating agencies deliberately giving these bad securities top ratings so that the unsuspecting California pension fund manager or some Chinese investor would buy them at face value ? This was a wide-scale fraud that no one so far has been held responsible for. It wiped out savings of millions of Americans and people all over the world, while making a few thousand people filthy rich - the biggest transfer of wealth in recent history. And then they had the audacity to try and deflect the blame on some obscure long-forgotten Clinton-era bill that was adopted in the 90s and never enforced, while the bubble didn't even start blowing until around 2005. There are many idiots who believe it, though, so I guess it was a smart spin after all.
And, for the record, I don't support the latest "protesters" that are looting stores because of the "poor innocent" robbers. But the biggest criminals are sitting at the top of the food chain, not at the bottom.
"Define 'Slaughter House'", squealed the fattened-up piglet as the farmer gently guided it toward the dark building...
At least have the grace to know when you are bought.
Quote:
Originally Posted by Ummagumma
How about fraudulent mortgage practices or fraudulent securities ratings ? Like, deliberately issuing bad mortgages, deliberately packaging them in mortgage back securities without disclosing the risks, with the rating agencies deliberately giving these bad securities top ratings so that the unsuspecting California pension fund manager or some Chinese investor would buy them at face value ? This was a wide-scale fraud that no one so far has been held responsible for. It wiped out savings of millions of Americans and people all over the world, while making a few thousand people filthy rich - the biggest transfer of wealth in recent history. And then they had the audacity to try and deflect the blame on some obscure long-forgotten Clinton-era bill that was adopted in the 90s and never enforced, while the bubble didn't even start blowing until around 2005. There are many idiots who believe it, though, so I guess it was a smart spin after all.
And, for the record, I don't support the latest "protesters" that are looting stores because of the "poor innocent" robbers. But the biggest criminals are sitting at the top of the food chain, not at the bottom.
LOL.
"I'm so mad they raised my credit card interest rate. When I signed up for that credit card and didn't bother reading any of that mumbo jumbo, I didn't even know I had to pay interest. And since I charged the card to the limit, I have no way of doing a cash advance to pay the minimum payment. What am I supposed to do? Who is going to be held accountable?"
How about fraudulent mortgage practices or fraudulent securities ratings ? Like, deliberately issuing bad mortgages, deliberately packaging them in mortgage back securities without disclosing the risks, with the rating agencies deliberately giving these bad securities top ratings so that the unsuspecting California pension fund manager or some Chinese investor would buy them at face value ? This was a wide-scale fraud that no one so far has been held responsible for. It wiped out savings of millions of Americans and people all over the world, while making a few thousand people filthy rich - the biggest transfer of wealth in recent history. And then they had the audacity to try and deflect the blame on some obscure long-forgotten Clinton-era bill that was adopted in the 90s and never enforced, while the bubble didn't even start blowing until around 2005. There are many idiots who believe it, though, so I guess it was a smart spin after all.
And, for the record, I don't support the latest "protesters" that are looting stores because of the "poor innocent" robbers. But the biggest criminals are sitting at the top of the food chain, not at the bottom.
"I'm so mad they raised my credit card interest rate. When I signed up for that credit card and didn't bother reading any of that mumbo jumbo, I didn't even know I had to pay interest. And since I charged the card to the limit, I have no way of doing a cash advance to pay the minimum payment. What am I supposed to do? Who is going to be held accountable?"
You seem to be having a reading comprehension problem.
This has nothing to do with personal responsibility of the people taking bad mortgages. Of course it doesn't mean they should not have any personal responsibility for their personal mistake. But they are a mere tool in this case, used to defraud responsible people of their life savings.
Bank gives $500,000 mortgage to a guy making $30K a year. This guy should not have taken this mortgage, but my statement however had nothing to do with this guy.
Bank takes this mortgage and thousands of other, similarly extremely risky mortgages, and packages them as a mutual fund. By the very nature of these mortgages, which have very low possibility of being repaid, this fund is a very very risky investment.
Bank then conspires with rating agencies to give this fund a high rating that indicates that this super risky investment is safe when in fact it is not.
Bank then sells this fund to investors - pension funds or individuals - promoting it as a safe investment based on the rating agency's AAA rating, and deliberately failing to disclose the risks it knows well about. Most of these investors are responsible people reading every letter in fund prospectus, many are professional investors and fund managers - which is precisely why bank needs to lie to them, it can't just hide something in fine print, it needs to conspire with rating agency and issue a bogus fraudulent financial statement to make these investors buy their toxic fund.
Once the investors buy these mortgages, bank is no longer on the hook if (or rather, when) the guy making 30K a year can't repay the $500k he borrowed. Bank had sold the mortgages, and all the risks associated with them, to the unsuspecting investors it defrauded with the help of the rating agency that lied and the federal regulators that look the other way.
The guy who took the mortgage he couldn't repay was a tool;the bank knew he wouldn't be able to repay this mortgage, but as long as this bank could conspire with the rating agency to hide this fact, the bank would make just as much money selling the bad mortgage to investors (and passing on the risk to them) as it would selling the good mortgage. Since there's only so many good $500k mortgages to be issued, the bank's top management deliberately starts issuing bad mortgages and lying about them, so that they could sell as many as possible and pocket the money before the pyramid inevitably collapses. And if the bank is caught in the ensuing collapse with too many bad mortgages it couldn't sell, too bad; the CEO and other top people in on the scheme will have made their tens of billions by then anyway, so some of the bank investors and employees would be screwed alongside the pension funds, individual investors, and anyone else who got hurt in the process.
This is fraud, pure and simple, and I am absolutely amazed that the foreign investors keep buying US securities after the toxic mortgage fiasco. Since they are not naive people, it only tells me that their belief in the integrity of their own financial institutions is even lower.
Last edited by Ummagumma; 06-15-2015 at 05:42 PM..
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That made my day, thanks.
