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Thread: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

  1. #111
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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by 1Perry View Post
    It's not that they are even underhanded, they really aren't in theory. There is nothing wrong with providing a service and charging people to use it. The problem is in the fact that many of these banks have stockholders they must account to. Again though, there is nothing inherently wrong there either.

    But these big banks are expected to bring in more and more every year. There comes a point where you've sucked everything dry and as we saw, they create all of these artifical ways to create income and those types of things always causes problems.

    There is risk involved in being traded on Wall Street. We back the money in these banks through FDIC. Because of that, all risk that can be removed should be removed from any bank that wishes FDIC backing. If your desire is riskier investments, great. Just stay the &*$% away from the money of those who don't.
    I've never heard that proposed before: Easing the regulatory burden in exchange for giving up FDIC backing. Interesting idea, but would we follow through? TARP removed a lot of risk from the equation, and the specter of federal support will always be there as long as our economy is dependent on the banks' continued solvency.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by winston53660 View Post
    Actually I was quibbling over your stereotyping and smartass attitude.
    Oh...well...I have no defense re the smartass attitude. Good thing YOU dont exist to post nothing but snotty, snarky one line comments, right?
    Last edited by VanceMack; 10-12-11 at 03:13 PM.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by 1Perry View Post
    Running to the government "save me, save me" is grown up? If you make bad decisions and fail, what do you do as a grown up? You take your lumps and move on. Yes, many of these protestors have some very immature demands. It's far easier for me to overlook immature demands than ones that create havoc on the economy.



    Yes, but who is going to teach the banks?
    No one is going to 'teach the banks'. You are foolish if you believe anything you do will 'teach the banks'. If you want to see reform then shift your protests to DC and focus on the congressmen that bailed them out. Focus on the banking committees in congress that create the system as it stands. Or...stay on half the sidewalk and stay out of the street and protest til your little heart is content. Personally...i WANT them stay all throughout the NYC winter. Just follow the rules...obey the law...and have way more fun than you can stand.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Objective Voice View Post
    Your mistake here is assuming that only poor college kids are the only people behind this Occupy movement. You'd be dead wrong! This movement is larger than most people think and cuts across various age groups.
    Good grief, where did you pick up that info? The Pee Party movement is only large if you define it as the collective bowel movement of the Nation as a whole.
    I love the smell of burning moonbat in the morning.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by danarhea View Post
    Yea, they thrived alright, with a huge handout from the Government, without which they would have gone under. Since I am a taxpayer, that's money out of MY pocket, and you don't call that redistribution of wealth?
    Then you along with all the other vewy vewy sad pandas should shift your focus to DC, shouldnt you? How did you feel about the Tea Party types...right on board with them re spending and bailouts...right? Or did you just call them racists?

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by VanceMack View Post
    No one is going to 'teach the banks'. You are foolish if you believe anything you do will 'teach the banks'.
    I said that I doubt this works. (continued)

    If you want to see reform then shift your protests to DC and focus on the congressmen that bailed them out. Focus on the banking committees in congress that create the system as it stands. Or...stay on half the sidewalk and stay out of the street and protest til your little heart is content. Personally...i WANT them stay all throughout the NYC winter. Just follow the rules...obey the law...and have way more fun than you can stand.
    Sorry, it's both. It's an incestous relationship. ie: Geithner. Do I think many protesting will be willing to face this? No, I'm not so sure but I'm going to wait and see. This is why OWS and the Tea Party should work together. We see here that ultra partisans are unable to see where the two overlap but I hope they are an ignorable minority.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by 1Perry View Post
    I said that I doubt this works. (continued)



    Sorry, it's both. It's an incestous relationship. ie: Geithner. Do I think many protesting will be willing to face this? No, I'm not so sure but I'm going to wait and see. This is why OWS and the Tea Party should work together. We see here that ultra partisans are unable to see where the two overlap but I hope they are an ignorable minority.
    banks dont exist for your pleasure. They dont exist for my pleasure. Banks dont exist to serve. They exist to turna profit for their board and their shareholders. You arent going to change that. Where you have a right to be upset is when the government has created unfair business practices or has obligated your taxpayer dollars int he form of bailouts. The people bitching loudest about the banks today were very much anti-Tea party and PRO government bailouts (a position which i was against...I always have maintained that the banks should NOT have been bailed out and they should have been told to work out there screw-ups with their mortgage holders or collapse). So again...just like the assclowns pissed at the banks because they themselves ran up huge student loans to pay off COLLEGE tuitions...you are protesting the wrong people. Take the party to DC and go after congress and the president...cuz ALL of them are in bed with banks, corporations and the markets.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by Mellie View Post
    Stop saying stupid things and contribute like a grown-up. Please.
    I'm not saying they have no money, you have made this baseless accusation.


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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by VanceMack View Post
    banks dont exist for your pleasure. They dont exist for my pleasure. Banks dont exist to serve. They exist to turna profit for their board and their shareholders. You arent going to change that.
    No, but we can change how the story ends when they screw up.

    Where you have a right to be upset is when the government has created unfair business practices or has obligated your taxpayer dollars int he form of bailouts. The people bitching loudest about the banks today were very much anti-Tea party and PRO government bailouts (a position which i was against...I always have maintained that the banks should NOT have been bailed out and they should have been told to work out there screw-ups with their mortgage holders or collapse). So again...just like the assclowns pissed at the banks because they themselves ran up huge student loans to pay off COLLEGE tuitions...you are protesting the wrong people. Take the party to DC and go after congress and the president...cuz ALL of them are in bed with banks, corporations and the markets.
    Yes, there is a lot of hypocrisy being shown over this. The party is also in D.C. Will they put the blame where it belongs? I don't know yet.

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    Re: 99%: "Walk Money Out of the Banks to Credit Unions on Bank Transfer Day"

    Quote Originally Posted by danarhea View Post
    Yea, they thrived alright, with a huge handout from the Government, without which they would have gone under. Since I am a taxpayer, that's money out of MY pocket, and you don't call that redistribution of wealth?
    They paid the money back with interest and on top of that the government forced some of the banks, who had adequate liquidity to take the money anyway.
    It's not at all like you're presenting it.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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