A concise explanation of Occupy Wall Street

[d-ray657]

In case some of us are having a problem understanding what all those "dirty hippies" marching in the streets are talking about, here is a concise explanation.

Regards,

D-Ray

[bhunter]

Originally Posted by d-ray657

In case some of us are having a problem understanding what all those "dirty hippies" marching in the streets are talking about, here is a concise explanation.

Regards,

D-Ray

O’Rourke claimed that the Occupy Wall Street people flunked econ, and Grayson said, “No, listen Bill, I have no trouble understanding what they are talking about.” O’Rourke asked Grayson, “You passed econ?” Grayson answered, “I was an economist for more than three years, so I think so…Now let me tell you about what they’re talking about. They’re complaining that Wall Street wrecked the economy three years ago and nobody’s held responsible for that. Not a single person’s been indicted or convicted for destroying twenty percent of our national net worth accumulated over two centuries. They’re upset about the fact that Wall Street has iron control over the economic policies of this country, and that one party is a wholly owned subsidiary of Wall Street, and the other party caters to them as well.”

I disagree with his premises, but my main problem wirh the group is their lack of any solutions and utter lack of understanding that American, and yes even corporate, businesses have done positive things. What percentage of companies represented on Wall Street had even a modicum of fault in the housing debacle? How many American's are invested in Wall Street companies? Now, I'll trade you the heads of a couple bankers for Frank, Dodd, and Carter if they merely want a little blood.

[d-ray657]

Originally Posted by bhunter

I disagree with his premises, but my main problem wirh the group is their lack of any solutions and utter lack of understanding that American, and yes even corporate, businesses have done positive things. What percentage of companies represented on Wall Street had even a modicum of fault in the housing debacle? How many American's are invested in Wall Street companies? Now, I'll trade you the heads of a couple bankers for Frank, Dodd, and Carter if they merely want a little blood.

Oh yeah, well I reject your premises. I do think that many people involved in the protests have good ideas about ways to weaken the grip that both Wall Street and the other financial elites have on what are supposed to be "our" elected officials. I did hear one or two speakers suggest what I have advocated - a Constitutional amendment smashing the fiction of corporate personhood.

Even in the protesters offered no solutions at all, however, there is value in their efforts. If they provoke some thought among others in the 99% more people will come to realize that we have been had. Knowledge is power; the more the demonstrations serve to educate the rest of the 99%, the closer we are to reclaiming democracy based on one person one vote rather than one dollar one vote.

You are also wrong that the protesters do not acknowledge the value of American Business. I have heard several who recognize that the top-down market manipulation by Wall Street has served to damage small business (most of whom are also within the 99%). Ask almost any republican and he will tell you that small businesses are the heart and soul of our economy.

BTW, if we're going to do some hypothetical horse trading, what would it take for you to support reenactment of Glass-Steagall?

Regards,

D-Ray

[BlueStreak]

Originally Posted by bhunter

I disagree with his premises, but my main problem wirh the group is their lack of any solutions and utter lack of understanding that American, and yes even corporate, businesses have done positive things. What percentage of companies represented on Wall Street had even a modicum of fault in the housing debacle? How many American's are invested in Wall Street companies? Now, I'll trade you the heads of a couple bankers for Frank, Dodd, and Carter if they merely want a little blood.

Okay, and I supose all of the folks at the Tea Party events have a clear, concise and ingenius plan to fix all of our problems permanently..........Or maybe some of them were just idiots who gulped down all of Becks Kool-Aid and turned out to show they weren't "about to be stuffed into no cattlecars by no gottdam queer ass Black Panthers!"

Ya think?

You have your morons and we have ours. That's how it is.

Most people aren't stupid. We know damn well there are powerful business lobbies behind the conservative movement and that they are eyeballing labor and commerce regulations (Among other things.) and we worry about how that will affect us. What is so unreasonable about that? What, were supposed to just submit, bend over and grab our ankles because Ayn Rand warned us not to piss Massa Gekko off? Screw that. This is America, even us lowly employees have a right to speak out and try to protect the things we work for as best we can against the avalanche of villification being heaped upon us.

Have a magnificent weekend!

Dave

[merrylander]

What has Wall Street done?

Well for starters "Derivatives", "Tranches", "Credit Default Swaps", "Shorts", "Electronic Trading".

Wall STreet was originally a means of companies selling stock to raise capital (why everything financial in this country needs a middleman is beyond comprehension) then they got into all kinds of financial gambling and turned it into one big casino, and probably a whorehouse on the side.

[Charles]

Originally Posted by merrylander

What has Wall Street done?

Well for starters "Derivatives", "Tranches", "Credit Default Swaps", "Shorts", "Electronic Trading".

Wall STreet was originally a means of companies selling stock to raise capital (whey everyting financial in this country needs a middleman is beyond comprehension) then they got into all kinds of financial gambling and turned it into one big casino, and probably a whorehouse on the side.

Well, they are known for "trading naked".

Chas

[Charles]

Originally Posted by d-ray657

Oh yeah, well I reject your premises. I do think that many people involved in the protests have good ideas about ways to weaken the grip that both Wall Street and the other financial elites have on what are supposed to be "our" elected officials. I did hear one or two speakers suggest what I have advocated - a Constitutional amendment smashing the fiction of corporate personhood.

Even in the protesters offered no solutions at all, however, there is value in their efforts. If they provoke some thought among others in the 99% more people will come to realize that we have been had. Knowledge is power; the more the demonstrations serve to educate the rest of the 99%, the closer we are to reclaiming democracy based on one person one vote rather than one dollar one vote.

You are also wrong that the protesters do not acknowledge the value of American Business. I have heard several who recognize that the top-down market manipulation by Wall Street has served to damage small business (most of whom are also within the 99%). Ask almost any republican and he will tell you that small businesses are the heart and soul of our economy.

BTW, if we're going to do some hypothetical horse trading, what would it take for you to support reenactment of Glass-Steagall?

Regards,

D-Ray

Does the OWS bunch actually think that the majority of Americans are so stupid that they can't figure out that they're taking it in the shorts?

Hell, we've even figured THAT out in Bugtussell, and without their help.

Chas

[finnbow]

Originally Posted by Charles

Does the OWS bunch actually think that the majority of Americans are so stupid that they can't figure out that they're taking it in the shorts?

Hell, we've even figured THAT out in Bugtussell, and without their help.

Chas

Why don't you and some of your bubbas start up an Occupy Bugtussell movement?

[Charles]

Originally Posted by finnbow

Why don't you and some of your bubbas start up an Occupy Bugtussell movement?

Superb idea!!!

I'll advance the notion at the gaming table. After all, "Beer Season" will be here in less than a month.

Chas

[Charles]

Originally Posted by bhunter

I disagree with his premises, but my main problem wirh the group is their lack of any solutions and utter lack of understanding that American, and yes even corporate, businesses have done positive things. What percentage of companies represented on Wall Street had even a modicum of fault in the housing debacle? How many American's are invested in Wall Street companies? Now, I'll trade you the heads of a couple bankers for Frank, Dodd, and Carter if they merely want a little blood.

Why just a couple here and a couple there?

And while gazing at the field of heifers, the wise old bull said, "No son, let's WALK down the hill and fuck 'em ALL".

Chas