View Poll Results: Who are the OWS protestors?

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  • Evil Anticapitlists bent on the destruction of America

    37 30.08%
  • A confused group of people who don't know what they want

    47 38.21%
  • Other

    26 21.14%
  • Rootabega

    7 5.69%
  • Jazz hands!!!!

    6 4.88%
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Thread: Who are the OWS protestors?

  1. #101
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Harry Guerrilla View Post
    And be impressed with it's quality and value..
    Lenin shops at Walmart, for low low prices.
    Lenin loved low prices!
    Loved it so much that he initiated the red terror to keep those prices low!


  2. #102
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    Re: Who are the OWS protestors?

    Is this what these loons want ? Looks like the same old Obama provoked class warfare.


    Demonstrators Arrested inside Senate Hart Office Building

    The protestors, many of whom came from the days-old encampment at Freedom Plaza, trickled into the congressional office building one, two, and three-at-a-time, standing around the ground floor lobby and on balconies that oversee that lobby.

    A large contingent of police officers was on hand.

    At 11:29 a.m., one group on a balcony unfurled a banner reading tax the rich, and almost all the protestors began a series of chants. At first, police officers tried to pull down the banner from the bottom, but after a few moments, the police let go of the banner.

    Read more: Demonstrators Arrested inside Senate Hart Office Building
    I thought it was the bail-outs.

  3. #103
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Eighty Deuce View Post
    I thought it was the bail-outs.
    Why can't it be both? Is there a one limit option on political demands?

  4. #104
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Eighty Deuce View Post
    Is this what these loons want ? Looks like the same old Obama provoked class warfare.

    I thought it was the bail-outs.
    Here is a list of their proposed demands they are developing:

    PROPOSED LIST OF DEMANDS (please help edit/add so this can be submitted for consideration to those maintaining the official list) | OccupyWallSt.org Forum
    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

  5. #105
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Catawba View Post
    Fannie and Freddie were not the primary cause of the Recession:

    "The crisis can be attributed to a number of factors pervasive in both housing and credit markets, factors which emerged over a number of years. Causes proposed include the inability of homeowners to make their mortgage payments (due primarily to adjustable-rate mortgages resetting, borrowers overextending, predatory lending, and speculation), overbuilding during the boom period, risky mortgage products, high personal and corporate debt levels, financial products that distributed and perhaps concealed the risk of mortgage default, bad monetary and housing policies, international trade imbalances, and inappropriate government regulation.[37][38][39][40] Three important catalysts of the subprime crisis were the influx of moneys from the private sector, the banks entering into the mortgage bond market and the predatory lending practices of the mortgage lenders, specifically the adjustable-rate mortgage, 2–28 loan, that mortgage lenders sold directly or indirectly via mortgage brokers.[41] On Wall Street and in the financial industry, moral hazard lay at the core of many of the causes.[42]

    In its "Declaration of the Summit on Financial Markets and the World Economy," dated 15 November 2008, leaders of the Group of 20 cited the following causes:

    During a period of strong global growth, growing capital flows, and prolonged stability earlier this decade, market participants sought higher yields without an adequate appreciation of the risks and failed to exercise proper due diligence. At the same time, weak underwriting standards, unsound risk management practices, increasingly complex and opaque financial products, and consequent excessive leverage combined to create vulnerabilities in the system. Policy-makers, regulators and supervisors, in some advanced countries, did not adequately appreciate and address the risks building up in financial markets, keep pace with financial innovation, or take into account the systemic ramifications of domestic regulatory actions.[43]

    During May 2010, Warren Buffett and Paul Volcker separately described questionable assumptions or judgments underlying the U.S. financial and economic system that contributed to the crisis. These assumptions included: 1) Housing prices would not fall dramatically;[44] 2) Free and open financial markets supported by sophisticated financial engineering would most effectively support market efficiency and stability, directing funds to the most profitable and productive uses; 3) Concepts embedded in mathematics and physics could be directly adapted to markets, in the form of various financial models used to evaluate credit risk; 4) Economic imbalances, such as large trade deficits and low savings rates indicative of over-consumption, were sustainable; and 5) Stronger regulation of the shadow banking system and derivatives markets was not needed.[45]

    The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“[46]

    "The Financial Crisis Inquiry Commission reported in 2011 that Fannie & Freddie "contributed to the crisis, but were not a primary cause." GSE mortgage securities essentially maintained their value throughout the crisis and did not contribute to the significant financial firm losses that were central to the financial crisis. The GSEs participated in the expansion of subprime and other risky mortgages, but they followed rather than led Wall Street and other lenders into subprime lending."

    Subprime mortgage crisis - Wikipedia, the free encyclopedia
    Great. The government says that the government was not the problem. Here's a different take. Very well documented. Not Wikipediea either.

    How Government Failure Caused the Great Recession

    By Mark J. Perry and Robert DellSunday, December 26, 2010

    How Government Failure Caused the Great Recession — The American Magazine
    Enjoy.

  6. #106
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Eighty Deuce View Post
    Great. The government says that the government was not the problem. Here's a different take. Very well documented. Not Wikipediea either.



    Enjoy.
    Very well biased you mean? The Wiki article is better documented by more varied sources.
    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

  7. #107
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Eighty Deuce View Post
    Is this what these loons want ? Looks like the same old Obama provoked class warfare.




    I thought it was the bail-outs.
    Yeah occupying parks is one thing. Entering buildings or private property is quite another. Those particular individuals need to face a court.

  8. #108
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    Re: Who are the OWS protestors?

    Quote Originally Posted by megaprogman View Post
    Right now, I see two themes, either they are nafarious anticapitalists bent on the destruction of western society or they are a confused group of people who all want something different and have no unified voice.
    A lot of people are working very hard to pretend that they can't understand who they are or what they're protesting

    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..

  9. #109
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    Re: Who are the OWS protestors?

    Quote Originally Posted by theplaydrive View Post
    Why can't it be both? Is there a one limit option on political demands?
    Because when the wingnuts hold protests, they all make the same demand







    A twofer
    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..

  10. #110
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    Re: Who are the OWS protestors?

    Quote Originally Posted by Catawba View Post
    Very well biased you mean? The Wiki article is better documented by more varied sources.
    If I could add 1/100th of an inch to my wang for every time I have confronted a lib over the Housing bubble causes, my name would be Tripod and all the girls would worship me.

    Many are going to let politics cloud their views on this. So I am going to just present the scenario faced by a mortgage lender-writer circa 2003-2007, and let folks decide how it went down.

    1) Housing inflation was at a rate of over 20% annually, more in some markets. This was due to an initial influx of new buyers which began in 1997, and then got more momentum thru 2001.

    2) Fannie and Freddie, these unique Government Sponsored Enterprises (GSE), had expanded to where they were underwriting 50% of the mortgage market, give or take, depending on the year.

    3) Due to the incredible inflation appreciation in the market, the risk in any loan was deemed as minimal. You could write a loan for someone to buy a house who had no money to put down, and very mediocre credit. They were known as "subprime", like a lousy cut of meat. Why do it ? Because so what if they defaulted, and you foreclosed. With the inflationary appreciation in the market, you could repossess the home (foreclose) and resell it, and still make a profit. And FF underwrote it ! You could not lose. Almost

    4) As a business person, motivated by "greed", which is simple self-improvement to most of us when we are not speaking liberal dialect, you will write those loans as fast as you can. You will be able to by a better car, a better house, and put your kids in better schools. So will all of your employees. Thank you F and F. This is almost heaven.

    5) This system works like a charm with such an inflationary bubble. Until. The bubble bursts. It must burst. Its a bubble. So the most savvy lender will know when to get out. The most savvy big boys will know when to be sure to have cleaned their portfolios of MBS's (mortgage backed securities), brought to you by Bob Ruben, Clinton's Treasury Secretary, and the driving force behind the repeal of Glass Steagle in the late 90's, so as to allow the formation of the largest financial institution of all, CitiGroup (the uniting of CitiBank and Farmers).

    Research it all folks. See how the pieces fit together. Or don't. If you want to get caught up in ethics, they don't matter. Only the law does. Sorry, but them's the ropes.

    OBTW, I do blame Bush. For lots of things. But while he did not start the bubble, it still grew on his watch. Real leadership, the best leadership, would have stopped it. But everyone was making too much money. Party time
    Last edited by Eighty Deuce; 10-11-11 at 10:39 PM.

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