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Thread: Occupy Philadelphia costs city $400,000 in police surveillance

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    What is bad is getting into the situation where they are needed.
    Right...so taking out home loans you cant afford...bad. Taking out student loans (especially the cash out portion) with no intent to pay them back...bad. Failed business models...bad. Im in complete agreement! Houston...we have common ground.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by Mickey Shane View Post
    Is it lack of balls, or do LEO's paychecks plant them firmly in the 99%?
    How much would you like to bet that they are comfortably ABOVE the 50%?

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by nijato View Post
    Maybe we could put a tax on financial transactions to replace the funds and then some.
    Great idea! How much more do you want people to pay for mortgages, auto loans, etc.?

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by VanceMack View Post
    Right...so taking out home loans you cant afford...bad. Taking out student loans (especially the cash out portion) with no intent to pay them back...bad. Failed business models...bad. Im in complete agreement! Houston...we have common ground.
    Yeah the banks who are suppose to be experts in their field have no blame in this fiasco. After all they were making money hand over fist!

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    Yeah the banks who are suppose to be experts in their field have no blame in this fiasco. After all they were making money hand over fist!
    Which part of failed business models did you miss?

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by winston53660 View Post
    Yeah the banks who are suppose to be experts in their field have no blame in this fiasco. After all they were making money hand over fist!
    That's kinda part of the reason you need a bit of regulation. If they can make money hand over fist, and we can't allow them to "fail"; then there is no market force to prevent unhealthy and risky behavior in the market in order to make huge short term gains. There's no long term control. They're there to make money and if one bank is acting horribly, leveraging beyond what is sustainable by the market long term; but making crap loads of money...how are the other banks NOT supposed to do the same? You can't let them make money hand over fist while you sit there doing nothing.

    When there are no natural market forces to prevent the system from breaking, a bit of government law/regulation will do the job.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by Mickey Shane View Post
    So you think the Philly OWS protesters should foot the bill for Police overtime?

    Nuts.
    I think it is legitimate for the city government to demand they pay their fair share of the costs they are generating and to remove their encampment if they refuse. However, Philadelphia is an extremely liberal city and the city government is even allowing the Occupy people to plug into City Hall's power supply to recharge their cell phones, computers, etc. on the promise they will pay for it when the bill comes due. Of course, since they claim to have no leaders, it is not clear what such a promise is worth.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by Ikari View Post
    Freedom isn't free.
    Apparently the Occupy peopel think everyone else should pay the cost so it will be free for them.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by Ikari View Post
    That's kinda part of the reason you need a bit of regulation. If they can make money hand over fist, and we can't allow them to "fail"; then there is no market force to prevent unhealthy and risky behavior in the market in order to make huge short term gains. There's no long term control. They're there to make money and if one bank is acting horribly, leveraging beyond what is sustainable by the market long term; but making crap loads of money...how are the other banks NOT supposed to do the same? You can't let them make money hand over fist while you sit there doing nothing.

    When there are no natural market forces to prevent the system from breaking, a bit of government law/regulation will do the job.
    Nah...no regulation changes. all they needed (and shoudl still do) to do was to pass three simple changes...change one...banks MAY NOT sell mortgages, and rule two...if a Bank goes under the property goes to the borrower, free and clear. Change three, no subprime or ARM foreclosures. Banks would have been forced to handle their business. We would be 5 years into recovery by now.

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    Re: Occupy Philadelphia costs city $400,000 in police surveillance

    Quote Originally Posted by toomuchtime_ View Post
    Apparently the Occupy peopel think everyone else should pay the cost so it will be free for them.
    They do? Or is this just some assumption on your part because you don't like what they're protesting? Somehow I feel it's more likely the latter. Regardless, this is a consequence of freedom. Deal with it.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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