One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society (money, work)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
At least we can all rest easily knowing it was all the banks fault, not the government at all and surely not the people trying to cash in on the exploding real estate market with speculation and then walked away when they got caught upside down.
Or the lady that kept refinancing her house but when the market went south and she couldn't refi anymore and buried in credit card and other debt walked away as well.
Fraud and greed all over the place....not just some bankers.
Wierd how foreclosures were massive in some parts of the country and not nearly so much in others. I guess the bankers were only greedy in certain parts of the country? lol.
Why can't everyone be at fault?
The problem is the homeowners were the only ones who were punished for their mistakes.
everyone else was bailed out or untouchable...
Most people with half a clue would put more anger on those who rigged the game but most people are holding onto a sliver of hope that they too could be part of the 1%.
So?
You have something against comedy and men in drag?
I remember the stories of how Enron held Bankrupting California parties. People were saying "this is all hogwash and hearsay" ... until it was proven the denials were hogwash.
Would you cheerlead for a group of evil men, willing to bankrupt the world to enrich themselves, just because they were in drag?
I never said it was true or not, just that I don't believe it...and it reads too much like fiction I have seen before to pass my smell test. I have seen other claims about people crashing these parties, including on C-D, and most often there is nothing besides the poster liking the story that proves the story.
It's true and a carry over from prep school days for the chosen few.
The topic is receiving more than its fair share of attention because it's included in a new book, "Young Money". The author went under cover expecting to find cocaine, strippers and crazy parties, and instead found people working 20 hour days, cranking out Excel Spreadsheets.
At least we can all rest easily knowing it was all the banks fault, not the government at all and surely not the people trying to cash in on the exploding real estate market with speculation and then walked away when they got caught upside down.
Or the lady that kept refinancing her house but when the market went south and she couldn't refi anymore and buried in credit card and other debt walked away as well.
Fraud and greed all over the place....not just some bankers.
Wierd how foreclosures were massive in some parts of the country and not nearly so much in others. I guess the bankers were only greedy in certain parts of the country? lol.
Close to 1.2 million borrowers, or about 30 percent of the more than 3.9 million households whose properties were foreclosed on by 11 leading financial institutions in 2009 and 2010, had to battle potentially wrongful efforts to seize their homes despite not having defaulted on their loans, being protected under a host of federal laws, or having been in good standing under bank-approved plans to either restructure their mortgages or temporarily delay required payments.
Six former Bank of America Corp. employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.
The housing finance agency said the underwriting of the mortgage loans did not meet the standards detailed to Fannie and Freddie. The lawsuit involved mortgage-backed securities issued from Sept. 12, 2005, to Sept. 27, 2007.
At least we can all rest easily knowing it was all the banks fault, not the government at all and surely not the people trying to cash in on the exploding real estate market with speculation and then walked away when they got caught upside down.
Or the lady that kept refinancing her house but when the market went south and she couldn't refi anymore and buried in credit card and other debt walked away as well.
Fraud and greed all over the place....not just some bankers.
Wierd how foreclosures were massive in some parts of the country and not nearly so much in others. I guess the bankers were only greedy in certain parts of the country? lol.
It's the entire culture and not unique to the U.S.
I'm sure weltschmerz will correct me if I'm wrong, but I believe the intent of the earlier post was to lampoon libertarian attitudes toward capitalism, free enterprise, "job creation," "punishing success," etc.
If The Market (hallowed be Its name) can do no wrong, as the free-market fundamentalists would have us believe, then there's absolutely nothing wrong with the shenanigans depicted in the article. Rich people -- having earned every single penny they have through the sweat of their brows -- are entitled to act however they want.
Quote:
Rich people -- having earned every single penny they have through the sweat of
their brows
Only these people did not earn it by the "sweat of their brows". These people only provide and move money around of those who did earn all of their pennies through the sweat of their brows. and many of those who do earn by the sweat of their brows earn alot less then the clowns depicted in this article.
This is not capitalism by the way. This is fraud and corruption.
The only fraud on that night was committed by the guy who pretended he was invited. Crashing parties is not legal.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
