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Occupy Wall Street Enters Its Fourth Day, Tensions Rise

Someone earlier asked what people were protesting about. It seems fairly clear from what they are saying:

"John Hildebrand, 24, an unemployed teacher from Norman, Oklahoma, sat up in his sleeping bag around 10 a.m. He said he arrived Saturday after getting a cheap plane ticket to New*York.

"My issue is corporate influence in politics," he said. "I would like to eliminate corporate financing from*politics."

"One supporter, William Stack, sent an email to city officials urging that all charges be dropped against those*arrested.
"It is not a crime to demand that our money be spent on meeting people's needs, not for massive corporate bailouts," he wrote. "The real criminals are in the boardrooms and executive offices on Wall Street, not the people marching for jobs, health care, and a moratorium on*foreclosures."

"Jackie Fellner, a marketing manager from Westchester County, north of the city, said she has an issue with "big money dictating which politicians get elected and what programs get*funded."
Wall St. protesters dress as 'corporate zombies' - Houston Chronicle

"they speak against corporate greed, social inequality, global climate change and other concerns."

"The growing, national movement “signals a shift in consciousness,” said Jared Schy, a young man sitting squeezed between three others who participated in Saturday’s march from Manhattan’s Financial District to the bridge"

"On Sunday, a group of New York public school teachers sat in the plaza, including Denise Martinez of Brooklyn. Most students at her school live at or below the poverty level, and her classes are jammed with up to about 50 students.
“These are America’s future workers, and what’s trickling down to them are the problems — the unemployment, the crime,” she said. She blamed Wall Street for causing the country’s financial problems and said it needed to do more to solve them."

Wall St. protests grow and spread | Protesters speak out against corporate influence on politics
 
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I was under the impression the total economic value has dropped, globally. Yes, winners and losers...but net loss.

Not really. You say "dropped". Dropped from where ? Housing, or Net Asset value ? From 2008 ? 2001? 1997 ?

I think that the accurate point would be that we took two steps forward, and three steps back. I believe we have similar views of housing being the first, and largest. domino to drop. But then, as I mentioned earlier, the Recession gained momentum from two additional components. There is no confidence in the economy, and for many, no discretionary money. So while housing is pretty much an even split of winners and losers, especially as we are talking of the uber-inflation that occupied about 8 years, a recession it induces, and which is compounded by the other matters, touches much more. Were everyone to just stop spending on all but the minimal essentials tomorrow, we'd see a further drop in all asset values. And more business fails. More unemployment. Less government revenue. Etc.

Back to banking and Wall Street. You note that government was a root evil here. Agreed. I would ask other posters to reconsider. While smaller bubbles come and go in a capitalist economy, and all who can profit from it should be expected to do so by any legal means available, I submit that two interventions by government directly caused this enormous bubble:

1) The deliberate infusion of approximately 10% more buyers into the market in the late 90's, primarily sub-prime applicants, done by legal coercion and guaranteed underwriting by FF; and

2) The expansion of Fannie and Freddie (FF) to where they underwrote over half the new mortgages in all the land by 2003. That's you and me folks, screwed by our own government, guaranteeing loans that otherwise only a fool would make, but where now one would be a fool not to write them.

Not the banks.
 
This will probably get me banned but its worth looking at some of the turds in this anti-capitalism movement....

qxqBu.jpg
 
Jesus Christ those people in the image above are a bunch of idiots.

And.. sadly.... this is your next generation of Americans..........

What a bunch of cry babies....
 
Jesus Christ those people in the image above are a bunch of idiots.

And.. sadly.... this is your next generation of Americans..........

What a bunch of cry babies....

Yeah, someone should just throw the Molotov Cocktail already.
 
Why aren't the parties that were injured going to court, rather than state politicians.

I don't know what all is going on or who is suing. I just know what I noted.
 
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.

They still are. Nothing changed. They are lying about their financial health. They are claiming profits while they can because their actual values are still going to bite them and they are going to cry to the taxpayers again. We are being lied to concerning banking.
 
Yeah, someone should just throw the Molotov Cocktail already.

They are very irresponsible and want someone else to pay for their irresponsibility. Granted, that's exactly what the big banks did also.
 
This will probably get me banned but its worth looking at some of the turds in this anti-capitalism movement....

qxqBu.jpg

Have you got a link to this? Can't read it on my phone.

Would like to see how many I believe and how many are manufactured.

SuperPACS gonna spend that money somewhere.
 
Have you got a link to this? Can't read it on my phone.

Would like to see how many I believe and how many are manufactured.

SuperPACS gonna spend that money somewhere.

I suspect there is good reason why the poster failed to provide the source link. This doesn't quite have the look of an official news story does it?
 
Topic is already off the mainpage of yahoo news. That didn't take them long to sweep under the rug.
 
I suspect there is good reason why the poster failed to provide the source link. This doesn't quite have the look of an official news story does it?

Does everything have to be a news story?

The link is right there...

occupywallst.org
 
Have you got a link to this? Can't read it on my phone.

Would like to see how many I believe and how many are manufactured.

SuperPACS gonna spend that money somewhere.

Looks like someone is trying to paint the "people tired of government being in bed with wallstreet" protests into a winey, cry baby, handouts for all plz fest. 99% of the people dont have school fees. Craploads of people never even go to extra schooling after high school.
 
Does everything have to be a news story?

The link is right there...

occupywallst.org

Well, let's see what is there......................

"We the 99% will not be silent and we will not be intimidated. This Saturday thousands more of us will march together as one to show that it is time that the 99% are heard. Join us on the 2nd week anniversary of your new movement.

This is a call for individuals, families and community and advocacy groups to march in solidarity with the #occupywallstreet movement on Saturday, October 1st at 3 p.m.

We are unions, students, teachers, veterans, first responders, families, the unemployed and underemployed. We are all races, sexes and creeds. We are the majority. We are the 99 percent. And we will no longer be silent.

As members of the 99 percent, we occupy Wall Street as a symbolic gesture of our discontent with the current economic and political climate and as an example of a better world to come."

http://occupywallst.org/





Very commendable!
 
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I find it ironic because if the Tea Party gets a protest of like 2,000-6,000 people it get amazing media attention... Now just imagine if the tea party protesters were getting arrested...

Glenn Beck and the Koch brothers helped build and promote the Tea Party... This doesn't have the involvement of a political party or an interest group. Obama isn't sure weather or not he should support them or shun them. They could be a political risk. I watched MSNBC cover the protests tonight, and they are on the fence about them too. These people aren't working for one political party or putting on a show for lobbyist interests.
 
The only thing 99% with these folks is that they are 99% freeloaders, wanting someone else to make it easy for them. Libs.

Best they make something of themselves ofter than trying to be professional whiners. Free-stuff is over.
 
You know otherwise?

More than likely you're wrong. I knew a few people who worked on Wall St before the recession, and most of first year analysts were pushed out before they ever made much money. Now people are sending the NY Stock Exchange resumes and offering to work for free.
 
Glenn Beck and the Koch brothers helped build and promote the Tea Party... This doesn't have the involvement of a political party or an interest group. Obama isn't sure weather or not he should support them or shun them. They could be a political risk. I watched MSNBC cover the protests tonight, and they are on the fence about them too. These people aren't working for one political party or putting on a show for lobbyist interests.

So far I'd say the protest is a mixed bag. We'll see if they ever get a coherant message that reasonates but you don't see any interest groups here? (taken from their website)

•AFL-CIO (AFSCME)

•United NY

•Strong Economy for All Coalition

•Working Families Party

•TWU Local 100

•SEIU 1199

•CWA 1109

•RWDSU

•Communications Workers of America

•CWA Local 1180

•United Auto Workers

•United Federation of Teachers

•Professional Staff Congress - CUNY

•National Nurses United

•Writers Guild East


And:
•VOCAL-NY

•Community Voices Heard

•Alliance for Quality Education

•New York Communities for Change

•Coalition for the Homeless

•Neighborhood Economic Development Advocacy Project (NEDAP)

•The Job Party

•NYC Coalition for Educational Justice

•The Mirabal Sisters Cultural and Community Center

•The New Deal for New York Campaign

•National People's Action

•ALIGN

•Human Services Council

•Labor-Religion Coalition of New York State

•Citizen Action of NY

•MoveOn.org

•Common Cause NY

•New Bottom Line

•350.org

•Tenants & Neighbors

•Democracy for NYC

•Resource Generation

•Tenants PAC

•Teachers Unite
 
Looks like someone is trying to paint the "people tired of government being in bed with wallstreet" protests into a winey, cry baby, handouts for all plz fest. 99% of the people dont have school fees. Craploads of people never even go to extra schooling after high school.

Well, I can't read enough of it to be able to draw any conclusions.

But, if this has been pulled from somewhere ANYBODY can upload one of these images, one needs to be really careful about attributing authenticity.

Its EXACTLY the kind of thing a public relations "crisis response" would generate to discredit a threatening movement.

The same kind of thing I suspect has occurred at Tea Party events. Could be a cherry picked handful of the kind of knuckleheads one finds at demonstrations on ALL sides. And it could be deliberate plants, in the employ of the movements oponents.

Everybody needs to be on the lookout for deception that can be easily accomplished with money.

SuperPACS gonna spend that money somewhere.
 
The only thing 99% with these folks is that they are 99% freeloaders, wanting someone else to make it easy for them. Libs.

Best they make something of themselves ofter than trying to be professional whiners. Free-stuff is over.

Right, how unAmerican to expect the removal of corporate finance from politics, and that money be spent on meeting people's needs instead of corporate bailouts, how positively unAmerican. Shocking I tell you, shocking!


Someone earlier asked what people were protesting about. It seems fairly clear from what they are saying:

"John Hildebrand, 24, an unemployed teacher from Norman, Oklahoma, sat up in his sleeping bag around 10 a.m. He said he arrived Saturday after getting a cheap plane ticket to New*York.

"My issue is corporate influence in politics," he said. "I would like to eliminate corporate financing from*politics."

"One supporter, William Stack, sent an email to city officials urging that all charges be dropped against those*arrested.
"It is not a crime to demand that our money be spent on meeting people's needs, not for massive corporate bailouts," he wrote. "The real criminals are in the boardrooms and executive offices on Wall Street, not the people marching for jobs, health care, and a moratorium on*foreclosures."

"Jackie Fellner, a marketing manager from Westchester County, north of the city, said she has an issue with "big money dictating which politicians get elected and what programs get*funded."
Wall St. protesters dress as 'corporate zombies' - Houston Chronicle

"they speak against corporate greed, social inequality, global climate change and other concerns."

"The growing, national movement “signals a shift in consciousness,” said Jared Schy, a young man sitting squeezed between three others who participated in Saturday’s march from Manhattan’s Financial District to the bridge"

"On Sunday, a group of New York public school teachers sat in the plaza, including Denise Martinez of Brooklyn. Most students at her school live at or below the poverty level, and her classes are jammed with up to about 50 students.
“These are America’s future workers, and what’s trickling down to them are the problems — the unemployment, the crime,” she said. She blamed Wall Street for causing the country’s financial problems and said it needed to do more to solve them."

Wall St. protests grow and spread | Protesters speak out against corporate influence on politics
 
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Right, how unAmerican to expect the removal of corporate finance from politics, and that money be spent on meeting people's needs instead of corporate bailouts, how positively unAmerican. Shocking I tell you, shocking!

If all this is true it just proves they are idiots to boot. Wall street doesn't make the rules. They should be marching on DC if they want money spent on people not on bailouts. WTF is the point? Do they think the big wall street companies will just say "eh your right, were not going to use our influence anymore in dc". Just a group of idiot hating on the wrong people.
 
Death by a million cuts, and it resembles torture in Iraq as the liberal hosts can outline GOP plans to torture us mentally and physically w/ their machinations, via MSNBC and radio:thumbdown

If the entire broadcast media was exposed to be Mockingbird it would be no surprise to me!
 
So far I'd say the protest is a mixed bag. We'll see if they ever get a coherant message that reasonates but you don't see any interest groups here? (taken from their website)

•AFL-CIO (AFSCME)

•United NY

•Strong Economy for All Coalition

•Working Families Party

•TWU Local 100

•SEIU 1199

•CWA 1109

•RWDSU

•Communications Workers of America

•CWA Local 1180

•United Auto Workers

•United Federation of Teachers

•Professional Staff Congress - CUNY

•National Nurses United

•Writers Guild East


And:
•VOCAL-NY

•Community Voices Heard

•Alliance for Quality Education

•New York Communities for Change

•Coalition for the Homeless

•Neighborhood Economic Development Advocacy Project (NEDAP)

•The Job Party

•NYC Coalition for Educational Justice

•The Mirabal Sisters Cultural and Community Center

•The New Deal for New York Campaign

•National People's Action

•ALIGN

•Human Services Council

•Labor-Religion Coalition of New York State

•Citizen Action of NY

•MoveOn.org

•Common Cause NY

•New Bottom Line

•350.org

•Tenants & Neighbors

•Democracy for NYC

•Resource Generation

•Tenants PAC

•Teachers Unite

me thinks this is just starting ....the teaparty has made bitter enemies with their rhetoric against the working class....you can "FEEL" the depth of the passion when you talk to any working class...
I belong to 2 retired police officer groups...its not a union one calls itself a union but theres no negotiating or anything...trust cops have turned on the GOP...and they were always tradtiional allies of the GOP...
Another group I can speak for.. veterans are as enamored with the GOP as they once were either.
 
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This is what i find disturbing. These peaceful protesters came to protest a crime, yes a crime that was committed by the banks and wall-street, and they the protesters are portrayed as the criminals are ****ing kidding me?

the whack job protestors are violating the laws, the banks and wall street have not been indicted for anything

If you want to judge people guilty without going through Proper channels, let us treat those protestors the same way. I don't think you would like what would happen
 
The only thing 99% with these folks is that they are 99% freeloaders, wanting someone else to make it easy for them. Libs.

Best they make something of themselves ofter than trying to be professional whiners. Free-stuff is over.

You rounded down to 99%. These useful idiots are standing up and claiming "I am a leech on society, feed me".
 
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