Page 8 of 11 FirstFirst ... 678910 ... LastLast
Results 71 to 80 of 107

Thread: Occupy Oakland: City braces for general strike

  1. #71
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 10:45 PM
    Gender
    Lean
    Conservative
    Posts
    30,343

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by danarhea View Post
    They DID turn their anger to those who have caused all of this. Banksters got Glass-Steagal evicerated, and then put peoples' money into hedgefunds, and other bad investments, which collapsed. Some people lost their life savings, but banksters gave themselves bonuses for collapsing the American economy. Here is the result:



    Chase Bankster to another Chase Bankster: "Circle the wagons, the natives are getting restless."
    Hmmm...So when I invest I should always expect to profit, and never loose money. And if I do loose money, then I have the right to throw a temper tantrum and go after the people I invested with? Funny, I never saw that in any of the disclaimers....


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  2. #72
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by j-mac View Post
    Hmmm...So when I invest I should always expect to profit, and never loose money. And if I do loose money, then I have the right to throw a temper tantrum and go after the people I invested with?
    No, you got the scam wrong. You invest and leverage too high in a system that is obviously going to pop. When it pops and you lose everything because of the high level to which you are leveraged, you run to government claiming that you are too big to fail or something equally stupid. Then the government takes a **** ton of tax payer money and gives it to you, thus removing the natural market consequence of failure replaced with tax payer backed, consequence free action.
    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."

  3. #73
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 10:45 PM
    Gender
    Lean
    Conservative
    Posts
    30,343

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by Ikari View Post
    No, you got the scam wrong. You invest and leverage too high in a system that is obviously going to pop. When it pops and you lose everything because of the high level to which you are leveraged, you run to government claiming that you are too big to fail or something equally stupid. Then the government takes a **** ton of tax payer money and gives it to you, thus removing the natural market consequence of failure replaced with tax payer backed, consequence free action.
    About the only thing I think we all agree on in here is the 'too big to fail crap.' However, if I were that savvy investor, hedging, and leveraging then I also knew that I was gambling, probably due to the fact that government put pressure to lend to people that I knew were bad risk, and when they all started going up, they told me to unload it on Fannie, and let the dumb ass tax payer take the fall, meanwhile, congresscritters ran blocker for the biggest scam in history. Thanks man, your backing the wrong group.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  4. #74
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by j-mac View Post
    About the only thing I think we all agree on in here is the 'too big to fail crap.' However, if I were that savvy investor, hedging, and leveraging then I also knew that I was gambling, probably due to the fact that government put pressure to lend to people that I knew were bad risk, and when they all started going up, they told me to unload it on Fannie, and let the dumb ass tax payer take the fall, meanwhile, congresscritters ran blocker for the biggest scam in history. Thanks man, your backing the wrong group.

    j-mac
    No, that thing about "government forced to make bad loans". Not true. I think it's been debunked several times. Fact of the matter was that no bank was holding onto those mortgages long enough to make a difference. They all got bundled and sold off elsewhere and risks were then hedged and sold off as well. The problem came with the removal of regulation on the banks which had capped what they could leverage at. Well ok, that one was just the straw that broke the camels back. There was a long string of causes supported by every administration from the 80's forward. Regardless, there was a housing bubble, people knew about it. But in their zeal to make the money the European banks were making because they were allowed to leverage high, banks requested and finally got a raise on their leverage caps. Now we all know what leverage does, yes? You can make a lot of money...so long as everything runs well. As soon as anything starts going wrong, however, your losses are multiplied by your leverage; the higher you're leveraged the more you lose. And that was the case. The housing bubble finally broke. Because of the deceptive behavior and lack of regulation over the banks and wall street, the system was severely entangled. The high leverage rate meant that those who had these loans out legitimately should have lost their shirts and ended up on the street. That's capitalism (free market anyway).

    However, they were "too big to fail" (not true, we have bankruptcy court and the government could have broken up the pieces, gotten rid of the rotten parts, and sold off anything of value to others), so instead we reward their bad behavior and ill made choices by ensuring they did not lose their shirts. Meanwhile the people get hit over the head, banks tried foreclosing on houses on which they were not sure if they even held the mortgage.

    It's this further entanglement of government and corporate entity which is pushing a major problem in this country. We need to restore free market capitalism, for the health of the Republic.
    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."

  5. #75
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by Ikari View Post
    No, you got the scam wrong. You invest and leverage too high in a system that is obviously going to pop. When it pops and you lose everything because of the high level to which you are leveraged, you run to government claiming that you are too big to fail or something equally stupid. Then the government takes a **** ton of tax payer money and gives it to you, thus removing the natural market consequence of failure replaced with tax payer backed, consequence free action.
    I don't think you have a good grasp on the OWS argument. They're not pissed because the banks got government goodies. they're pissed because they didn't.

  6. #76
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by danarhea View Post
    They DID turn their anger to those who have caused all of this. Banksters got Glass-Steagal evicerated, and then put peoples' money into hedgefunds, and other bad investments, which collapsed. Some people lost their life savings, but banksters gave themselves bonuses for collapsing the American economy. Here is the result:

    well. I"m glad they at least are mature enough to take their anger out by threatening the $12-an-hour tellers.

  7. #77
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 11:10 AM
    Lean
    Undisclosed
    Posts
    90,091

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by Platypus View Post
    We are in revolutionary times.
    If that is true, it is in the infancy stage. It remains to be seen if this gets beyond the current events. While I am very supportive of many of the issues of the OWS movement, I am convinced that they need several things to go beyond this stage:
    1) a much narrower and defined message
    2) leadership and direction
    3) political alliances to try to channel this anger into actual reform and legislation

    The OWS Movement grabbed out attention and served a noble purpose in bringing this issue of economic disparity and greed to the national front page. Now we need something much more than just camping out and demonstrating.

    Of course, I come to these issues having been born in 1949 and as a child of the protests of the 50's and 60's so my frame of what works may be different than a college student today.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  8. #78
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by cpwill View Post
    I don't think you have a good grasp on the OWS argument. They're not pissed because the banks got government goodies. they're pissed because they didn't.
    I don't think YOU have a good grasp on what I had written. What have OWS gotten? Arrested, shot at, shot (possibly), tear gassed, flash banged, etc. What did the banks get? Billions and billions of tax payer money. The better scam was the one I mentioned.
    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."

  9. #79
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 10:45 PM
    Gender
    Lean
    Conservative
    Posts
    30,343

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by Ikari View Post
    I don't think YOU have a good grasp on what I had written. What have OWS gotten? Arrested, shot at, shot (possibly), tear gassed, flash banged, etc. What did the banks get? Billions and billions of tax payer money. The better scam was the one I mentioned.

    Who got shot? Are you talking about the ex Marine that says he got knocked on the head by a gas canister? The same ex Marine that started the web site ihatemarines.com? That guy?

    Keep up that Libertarian facade dude, we see through it.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  10. #80
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: Occupy Oakland: City braces for general strike

    Quote Originally Posted by j-mac View Post
    Who got shot? Are you talking about the ex Marine that says he got knocked on the head by a gas canister? The same ex Marine that started the web site ihatemarines.com? That guy?
    It's the story I know of, and I said possibly. Still, it's no billions and billions of dollars.

    Quote Originally Posted by j-mac View Post
    Keep up that Libertarian facade dude, we see through it.

    j-mac
    But you don't see clearly. You don't even understand my points. So should I care what you think? The answer is "no".

Page 8 of 11 FirstFirst ... 678910 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •