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Thread: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

  1. #271
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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by 1Perry View Post
    The bubble started after the 90's tech bubble busted and Wall Street had to find a way to create another bubble to keep the money rolling.
    It may be that one bubble got steam when the other was fading, but the housing bubble started its upward climb, that being where it began to eclipse the base inflation rate for other markets, in 1997. Government was the instigator, not Wall Street.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Eighty Deuce View Post
    It may be that one bubble got steam when the other was fading, but the housing bubble started its upward climb, that being where it began to eclipse the base inflation rate for other markets, in 1997. Government was the instigator, not Wall Street.
    Wall street always creates bubbles the rich guys get fabulously richer during bubbles then when it bursts the middleclass and poor get screwed AGAIN.
    The housing bubble made tons of money for lots of people...the banks lost but got lots of Free bailout cash and the CEOS still got their bonus

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by mattillac View Post
    Wall Street-area pizza shop rakes in dough from hungry protesters.



    Read more: Wall Street-area pizza shop rakes in dough from hungry protesters

    Below is a list of food establishments that appear to be delivering to the protesters.

    https://docs.google.com/document/d/1...hl=en_US&pli=1
    You mean the protesters are capitalists? Where are the govt pizzas? Oh, the humanity!!
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by American View Post
    You mean the protesters are capitalists? Where are the govt pizzas? Oh, the humanity!!
    Another absolutist. Have you seen anyone at all, anyone in OWS, protesting small business? There may be a few who have protested against capitalism though I haven't heard nor seen it. I understand, American, that you fully back Wall Street and all it's actions. I have no doubt you feel Madoff was wronged. I fully believe that you support maximum profit above all else. If a corporation can get billions from the people through the government and later **** over the American people, you dig it. Right? We got that. But no one that I know of protests a local pizza guy making good money during the protest.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



  5. #275
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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Eighty Deuce View Post
    This is nonsense. To claim that bank fails are why there are no loans is rubbish. There is plenty of money there to loan. Go check. Do some reading. FYI, as TARP was the bank bailouts, how much of that has NOT been paid back ? I believe that 95% of it is now paid back.

    Banks are not making loans because the economy sucks. The money is there though. Lots of it.
    ...here is a list of all the banks that were acquired due to this crisis:

    1
    I counted 14 from this country alone. Now, being from Charlotte, I can speak of this, what do you think happens to a city like Charlotte when Wachovia closes?

    Think real hard.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by whysoserious View Post
    ...here is a list of all the banks that were acquired due to this crisis:

    1
    I counted 14 from this country alone. Now, being from Charlotte, I can speak of this, what do you think happens to a city like Charlotte when Wachovia closes?

    Think real hard.
    If a bank is acquired, it does not necessarily mean it closes.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by 1Perry View Post
    The bubble started after the 90's tech bubble busted and Wall Street had to find a way to create another bubble to keep the money rolling.
    And bush* did nothing to stop it. Instead, he just pumped up the bubble until it burst
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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by DarkWizard12 View Post
    If a bank is acquired, it does not necessarily mean it closes.
    Talk to my city about that. Wachovia was acquired and Charlotte has been reeling ever since. Yes, the lower level jobs remained open (for the most part), but most of those who worked at the corporate level were canned. Keep in mind, Wachovia was bought for next to nothing.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Here, let me help you:

    1
    The travails of the financial crisis, punctuated in Charlotte by Wachovia’s near collapse and takeover by Wells Fargo, thumped Charlotte’s finance and insurance sector, which between 2008 and 2010 lost 9 percent of its jobs, a drop to 77,000. Bank of America, the other top-five bank in Charlotte, has moved some of its operations to New York.
    Yeah, we got smashed. We had just built a skyscraper for Wachovia (guess that was good luck for Duke Energy?). Anyway, we will make it through this and Charlotte is a beautiful, amazing city for anyone who is looking to relocate. We are trying to stay in the financial sector while expanding into energy as well (clean energy). It is a great place to live.

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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by TheDemSocialist View Post
    View more and video at: Occupy Wall Street Enters Its Fourth Day, Tensions Rise (VIDEO)
    Why has this not made the news? It hardly has made the mainstream news at all?? The only time i have seen it on the news is on Rachel Maddow. I find it very interesting...

    Thoughts?
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    I think its inspiring to see active non-violent participants in our Democracy. An active citizenry is the best defense we have against corruption.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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