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

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

    Quote Originally Posted by washunut View Post
    Do you understand the difference between a liquidity problem and a solvency problem. Banks that survived had the former.
    If they could turn things around in such a quick period of time to making record profits, the story we were told was nothing but bogus. Actually, the banks still have all the same problems they had. Not a one of them is worth what they claim to be.

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

    Quote Originally Posted by 1Perry View Post
    States are trying to do just that. For some reason the Obama administration is trying to stop it. Go figure.
    Why aren't the parties that were injured going to court, rather than state politicians.

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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.
    Can they sue? I have no idea. I am not a lawyer and I never claimed to be. Who would they sue? Goldman Sachs or the rating agencies? Again, I am only showing you that Wall Street is responsible for plenty of job loss through unethical practices. You should be angry since you are extremely angry at liberals in the government, but for some reason you are not.


    Quote Originally Posted by Henrin View Post
    Seen that crap from huffingtonpost before. It didn't start with them. Try again.
    The article is actually about a book. That is where most of the material comes from. What is your issue with it? It is pretty much all verifiable.

    Quote Originally Posted by Henrin View Post
    What is this south park? Got a clue so hard right now. Oh god, now I have a raging clue!
    Last edited by whysoserious; 10-05-11 at 04:06 PM.

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

    Quote Originally Posted by Eighty Deuce View Post
    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 ?
    I see you can't admit to being wrong

    You said the banks that made the biggest mistakes were the banks that failed first. I proved you wrong, so now you're going to try (and fail) to change the subject and hope no one notices your Fail
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    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 1Perry View Post
    If they could turn things around in such a quick period of time to making record profits, the story we were told was nothing but bogus. Actually, the banks still have all the same problems they had. Not a one of them is worth what they claim to be.
    Wall street agrees on your latter point as these firms are selling well below book value. As to your first comment I get the sense you do not have a grasp on how the financial firms did business, which was largely to be highly leveraged and rely on short term interbank funds which dried up.

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

    Quote Originally Posted by sangha View Post
    I see you can't admit to being wrong

    You said the banks that made the biggest mistakes were the banks that failed first. I proved you wrong, so now you're going to try (and fail) to change the subject and hope no one notices your Fail
    He said he was angry at the state of the economy and it was the governments fault. I showed him how Wall Street directly cost thousands of jobs and made bundles of cash off of it and he did not even bat an eye. It is trolling at its finest.
    Last edited by whysoserious; 10-05-11 at 04:14 PM.

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

    Quote Originally Posted by 1Perry View Post
    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.
    I was more responding to those who felt that Bush had somehow singularly caused this, a mantra of the left always, etc.

    But you hit the nail on the head regardless, although it was not just "Bush paying for his Wars". The problem was that everyone was making money. Whether it was the mega-banks, or your neighbor taking out an equity loan to upgrade, or the politicians with big grins cause everyone was happy and they sure weren't going to rock the boat, or the cash that kept them in office.

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

    Quote Originally Posted by sangha View Post
    I see you can't admit to being wrong

    You said the banks that made the biggest mistakes were the banks that failed first. I proved you wrong, so now you're going to try (and fail) to change the subject and hope no one notices your Fail
    What ? You didn't "prove" ****. You seem to think it matters whether A ate B, or B ate A. Argung for or against TARP is an entirely different debate than blaming Wall Street for the Recession etc.

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

    Quote Originally Posted by Eighty Deuce View Post
    I was more responding to those who felt that Bush had somehow singularly caused this, a mantra of the left always, etc.

    But you hit the nail on the head regardless, although it was not just "Bush paying for his Wars". The problem was that everyone was making money. Whether it was the mega-banks, or your neighbor taking out an equity loan to upgrade, or the politicians with big grins cause everyone was happy and they sure weren't going to rock the boat, or the cash that kept them in office.
    You are making stuff up. No one has argued that bush* was "singularly" responsible for this. The left recognizes that there were many players (ex bush*, republicans, wall st, Moodys', and yes, even some dems)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    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 Eighty Deuce View Post
    What ? You didn't "prove" ****. You seem to think it matters whether A ate B, or B ate A. Argung for or against TARP is an entirely different debate than blaming Wall Street for the Recession etc.
    Now you're just making up stuff to hide your pwnage.

    You said banks which made the biggest mistakes failed first. GS made the biggest mistakes, and they didn't fail.

    Time to fess up
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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