47
   

Two weeks into Occupy Wall Street protests, movement is at a crossroads

 
 
reasoning logic
 
  1  
Reply Sun 4 Dec, 2011 09:49 am
Do you think that the people of Portland are pissed off? It seems that they are waking up bright and early for some reason.


wandeljw
 
  1  
Reply Sun 4 Dec, 2011 10:44 am
@reasoning logic,
There are many ways the people of Portland can communicate their message without violating restrictions on camping.
reasoning logic
 
  1  
Reply Sun 4 Dec, 2011 10:56 am
@wandeljw,
I do think you are correct and these other ways need to be used as well.
0 Replies
 
hingehead
 
  4  
Reply Sun 4 Dec, 2011 03:40 pm
Did you guys see the Bloomberg report on the secret 7.7 trillion secret bailout?

I'd be on the freaking streets too....

http://www.thedailyshow.com/watch/thu-december-1-2011/america-s-next-tarp-model

cicerone imposter
 
  1  
Reply Sun 4 Dec, 2011 03:42 pm
@hingehead,
I'd like to see this report confirmed by other reliable sources, even though the possibilities are possible.
reasoning logic
 
  1  
Reply Sun 4 Dec, 2011 04:44 pm
0 Replies
 
Builder
 
  1  
Reply Sun 4 Dec, 2011 05:36 pm
@hingehead,
Quote:
Did you guys see the Bloomberg report on the secret 7.7 trillion secret bailout?


I just read that the figure is actually around the 16 trillion mark, and the practice of no-interest lending is continuing.

It's a mess. Just wondering what the "winners" will do when the currency crashes completely?
Irishk
 
  2  
Reply Sun 4 Dec, 2011 05:39 pm
@Builder,
Buy ammo?
reasoning logic
 
  1  
Reply Sun 4 Dec, 2011 05:56 pm
@cicerone imposter,
I thought these types of activities have been going on for quite some time. It seems like socialism for the rich and capitalism for the poor.
This is just part of keeping everything from crashing and lets the little man pay for the ignorance of every man.
0 Replies
 
spendius
 
  1  
Reply Sun 4 Dec, 2011 06:01 pm
@Irishk,
Quote:
Buy ammo?


They did that when the polls were showing Mr Obama would win.

Tin hats you should have said.
0 Replies
 
reasoning logic
 
  1  
Reply Sun 4 Dec, 2011 06:07 pm
0 Replies
 
hingehead
 
  2  
Reply Sun 4 Dec, 2011 06:47 pm
@Builder,
What freaked me was that the banks take the Fed Reserve's almost zero interest 'loan' and invest in govt bonds - which have high yields because the USA triple A rating has dropped giving them a risk free 6% return - from which they can pay their bonuses for being so clever.

Buy a gun indeed.
Builder
 
  1  
Reply Sun 4 Dec, 2011 06:52 pm
@hingehead,
Quote:
What freaked me was that the banks take the Fed Reserve's almost zero interest 'loan' and invest in govt bonds - which have high yields because the USA triple A rating has dropped giving them a risk free 6% return - from which they can pay their bonuses for being so clever.


Have you watched Inside Job?

What we would consider to be criminal actions have apparently been legalised.

It's a long video, but quite well presented and fact-based.

Al Capone would have been very proud of this bunch.

http://vimeo.com/25142692
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 4 Dec, 2011 06:59 pm
@hingehead,
That's not the only issue; they take those interest free loans from the government (us taxpayers) then loan it to consumers at high interest rates, while charging the same tax payers who loan them the money fees for using our own money.

Chutzpah doesn't get any worse than that!
georgeob1
 
  1  
Reply Sun 4 Dec, 2011 07:06 pm
@cicerone imposter,
Not really true. The Fed's clearly expressed intent in holding their loan rate low is to encourage banks to lend at higher rates to businesses and consumers.

The problem is that the government at the same time is discouraging innovation by bankers and financial by still growing rule-making under the ill conceived Dodd Frank legislation, and still discouraging business investors by equally ill- conceived environmental regulation and a profoundly stupid energy policy driven by green zealots in the Democrat party base.

The bankers are just trying hard to stay afloat in this government-created mess.
Rockhead
 
  2  
Reply Sun 4 Dec, 2011 07:07 pm
@georgeob1,
ohhh. poor bankers....

you make me laugh, Ob.
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 4 Dec, 2011 07:08 pm
@georgeob1,
If you really believe banks are holding interest rates low, you're not a borrower. Or better still, what interest rate are you paying on your loans from the bank?

Also, how much are you earning on your savings account, and do you pay any fees to your bank?

Another fact: Greenspan and Bernanke's low interest rates have exacerbated the Great Recession by making it "easy money" for people who really couldn't pay back their loans. The banks got sloppy, and made loans to unqualified home buyers, and created derivatives that they sold, repackaged, and resold at ever higher profit margins that never existed.
georgeob1
 
  1  
Reply Sun 4 Dec, 2011 07:21 pm
@cicerone imposter,
cicerone imposter wrote:

If you really believe banks are holding interest rates low, you're not a borrower. Or better still, what interest rate are you paying on your loans from the bank?


You appear to be trying to change the subject. Please respond to what I wrote.

I never suggested banks are trying to hold interest rates low. It is the Fed that is trying to do that on behalf of our feckless government that is in debt well over its (and our) heads. Banks are trying to stay afloat amidst the increasingly complex and expensive regulation of the government which has so far been unable to restrain its continuing need for borrowed money. On the one hand government does rigorous "stress tests" on the banks demandi9ng that they raise their level of capitalization and profit; while on the other it forces them to reduce the fees they charge for their services and encourages them to buy Federal and local government bonds (of increasingly dubious long term security) at artificially low interest rates.
cicerone imposter
 
  1  
Reply Sun 4 Dec, 2011 07:41 pm
@georgeob1,
You mean that the banks aren't following the feds direction on how the money they gave interest rate free to the banks, and the feckless government is not responding like they should? Who gave those TARP money to the banks? The Feds?
Irishk
 
  1  
Reply Sun 4 Dec, 2011 07:51 pm
@cicerone imposter,
This is a good read if you want to understand what's currently happening:

http://en.wikipedia.org/wiki/Central_bank_liquidity_swap
 

Related Topics

T'Pring is Dead - Discussion by Brandon9000
Another Calif. shooting spree: 4 dead - Discussion by Lustig Andrei
Before you criticize the media - Discussion by Robert Gentel
Fatal Baloon Accident - Discussion by 33export
The Day Ferguson Cops Were Caught in a Bloody Lie - Discussion by bobsal u1553115
Robin Williams is dead - Discussion by Butrflynet
Amanda Knox - Discussion by JTT
 
Copyright © 2025 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.04 seconds on 01/15/2025 at 04:09:12