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

  1. #291
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    Re: Occupy Wall Street Enters Its Fourth Day, Tensions Rise

    Quote Originally Posted by Eighty Deuce View Post
    Welcome to capitalist economics 101 !! Those businesses that made teh biggest mistakes failed the first !!
    Actually, Goldman-Sachs made some of the biggest mistakes, and not only did they not fail first, they didn't fail at all.

    Instead they got bailouts. WELCOME TO CRONY CAPITALISM 101 !!!
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    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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

    Quote Originally Posted by whysoserious View Post
    It was a process. You can go read this stuff, if you want? It goes back to Moodys and Goldman Sachs. Basically, well, here is a source that explains some of it:

    1
    Do you get what happened? Goldman would get its securities rated AAA. The ones it could not get rated AAA, it would skim off and find things they could package with it to get them rated AAA. And then, the ones from that pile that they could not get rated AAA, they would skim off again and start the process over. They were selling garbage but making it look like gold, and these rating agencies were making the case for them. Meanwhile, since Goldman Sachs new these packages were going to fail, they bet against them knowing that they would stand to make huge masses of money. This put lots of people out of business. That's thousands of jobs down the toilet. So if you really care about the economy, that should piss you the **** off.

    Call them stupid if you want, that's easy, but the real deal is they got defrauded. And Goldman Sachs went before Congress and lied about the whole thing.

    *Edit to add:

    I am being trolled so hard right now.
    So let them sue Goldman Sachs if laws were broken. The buyers also did not practice due diligence, perhaps because they were in too much of a hurry as well. But again, for every loser in that game, there was a winner.

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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.
    I agree that government was the instigator. It fit their notions and it kept the money rolling in. Wall Street was certainly a willing accomplice that not only went along, but made it even worse.

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

    Quote Originally Posted by lpast View Post
    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
    It also kept the money rolling into the government while also letting D.C. try their political ideas out on us.

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

    Calling these protestors "morons" is an understatement. I read their list of demands and couldn't decide if I wanted to LMFAO or cry. Either these idiots are a super minority or this Nation is royally screwed. I pray it's the former.
    I love the smell of burning moonbat in the morning.

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

    Quote Originally Posted by Eighty Deuce View Post
    LOL. "Bush" didn't pump the bubble. What he did was not stop it. Meanwhile a whole horde of Dem politicians resisted his calls to reform Fannie and Freddie.
    I don't recall Bush making this call. I do believe McCain (and others did) though. Bush had to play along to continue the money for his wars.

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

    Quote Originally Posted by whysoserious View Post
    It was a process. You can go read this stuff, if you want? It goes back to Moodys and Goldman Sachs. Basically, well, here is a source that explains some of it:

    1
    Seen that crap from huffingtonpost before. It didn't start with them. Try again.


    I am being trolled so hard right now.
    What is this south park? Got a clue so hard right now. Oh god, now I have a raging clue!

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

    Quote Originally Posted by 1Perry View Post
    Yes and no. You are right about loans. If you have the credit and even a basic ability to get a loan you can.

    I know that the arguement is that we have been paid back from TARP but there is no way logically what we have been told can be true.
    Supposedly the banks were in a major hole. Unable to survive without a bail-out. If that was the case there is no way they can go from that
    to paying it all back and record profits in such a short period of time especially in this economy.
    Do you understand the difference between a liquidity problem and a solvency problem. Banks that survived had the former.

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

    Quote Originally Posted by Eighty Deuce View Post
    So let them sue Goldman Sachs if laws were broken. The buyers also did not practice due diligence, perhaps because they were in too much of a hurry as well. But again, for every loser in that game, there was a winner.
    States are trying to do just that. For some reason the Obama administration is trying to stop it. Go figure.

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

    Quote Originally Posted by sangha View Post
    Actually, Goldman-Sachs made some of the biggest mistakes, and not only did they not fail first, they didn't fail at all.

    Instead they got bailouts. WELCOME TO CRONY CAPITALISM 101 !!!
    Maybe so, but now we are at a different place in the debate. Whether or not the banks should have been bailed out. Almost all of which has been paid back, btw.

    What we have with the protest is more astro-turf liberal nonsense. That it is Wall Street's fault. And the fault of "the rich". Nope. Government created the bubble, then the desire for self-improvement (greed) did what it will always do. Many average Americans got into the housing market thinking they could buy and flip just everyone else. Or bought more than they could afford long term. Are they supposed to blame Wall Street too ?

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