Early Morning Long Island Railroad Arrests, Smoking Out The Corrupt Union Vermin Out Of Their Holes

[dman72]

Originally Posted by nyliguy

If you're refering to crime like Madoff and the recent broker arrested for insider trading, than yes bankers are bad. If you're referring to how the securitization led to the financial melt-down, how can you use the words get away with murder?

Don't blame the bankers that play by the laws that be to generate wealth and provide income to startups and inovation that capitalism prospers off of.

Wall Street is a transactional arm that serves a purpose in Capitalism and uses leverage and investment to fund things like tech startups that often contribute a great deal to society.

If we look at these Occuy Wall Street protestors, they're in the wrong place and need to be going after the FED and regulators not the smart person that was able to generate wealth from people willing to invest and take that RISK of losing money.

I'll even go as far as saying the people who lost big in their 401k's had the option of staying in cash and not take the risk in potential gains.

Deflecting union greedy crooks that fleece the tax payer for their benefit, with bankers in rather silly.

You're entitled to your views on bankers, but when you deflect the topic of this thread with bankers you just come off silly and not ready to contribute to the topic being discussed.

You're talking about Wall St from 40 years ago, not now. Providing capital to start businesses is one thing, moving money around from point a to point b, cashing in by betting on a company failing..how does that help anyone? The occupy wall st people are a little broad in their scope..they really should be camping out in front of the doors of hedge fund managers and former deriviates traders for banks (who taxpayers bailed out) who walked away with tens of millions. Those are the crooks, and no ones going after them.

But like I said, I can't allow that to deflect my attention away from some guy punching tickets who "twisted his ankle" collecting a disability pension off everyone elses back either.

[ny789987]

Occupy Wall Street needs to go after 3 distinct segments of the population:

a) Wall Street bankers. They should never have been bailed out. You don't privatize profits and socialize losses.

b) College administrators. Occupy Wall Street is always bellyaching about burdensome student loans. Instead of demanding a student loan bailout from taxpayers, why not go after your corrupt professors and college administrators who are jacking up tuition 5 x faster than inflation? They are allowed to jack up prices because the federal government provides students with unlimited credit guaranteed by the taxpayers. Do we really need more $500,000 a year university presidents and tenured professors who work 5 hours a week?

c) NYS public employees. This LIRR disability shakeout is the tip of the iceberg. Cops/teachers/fire firefighters earning over 100k a year, retiring at 55, and collecting gigantic payday pensions is unsustainable for our communities. The unfunded pension liabilites are still there and they are not going to go away anytime soon. This means 10% annual LIRR fare increases indefinitely, more gouging at the toll booths, and property taxes that will continue to shoot through the roof. Eventually, we will wind up like Greece or Rhode Island while these punks punt golf balls at the state subsidized golf course.

The Occupy Wall Street folks are clueless. The reason they are stuck with massive student loans, costs of living are skyrocketing, and there are no jobs isn't because the economic fairy came down and decided to make it a bad day by unleasing the evil boogeyman banker. There are specific segments of parasites in our society that are causing this mess.

[Buckthedog]

Originally Posted by superfly10

"Hillside station is for Railroad employees only... Hillside Station. Jamaica, next stop. Stand clear the closing doors"

Oh, I take Bablyon mostly, and when I do take the Ronkonkoma line, I'm not usually paying attention in Queens.

[majortom1981]

You guys have NO IDEA what you are talking about. BOTH my parents are in civil service and only make about 38k each.

It is just like the private sector , only the higher ups in civil service get the big pensions and the high salaries.

Most civil service employees get paid a lot less then the private sector.

If you give public employees no pensions and crappy healthcare then nobody will work public jobs.

Would you go and get threatened to be shot everyday at a social services office? Would you work at the desk at the dmv with the 3 hour waits? All without a pension?

Adding 3 or 4 years to retirement wont fix anything either because those same management types will just add MORE to their pension by working more years.

You have to cut the loop holes . Not get Rid of pensions . Laying off people does not work because its usually the front of the line paid less then 40k a year people who get laid off. Not the managment who are gaming the system.

We need laws that close the loop holes for gaming the system. We need more controls on NYS management and politicians not just blindly getting rid of pensions.