Is Wall Street America's One Common Enemy That Unites the Left and Right?

[Toro]

You're pretty slow on the uptake CommieJoe. Granny's pension is bigger because of me.

Here's a picture of your intellectual mentor. You could put it in your sig.

Uh, guy, sorry, just don't see why the 1% need to get richer at the expense of the rest of us... I can't see why a guy like Romney needs to screw over AmPad workers to make himself richer. That makes him a bad person, to my mind.

I see the retail results of your greed. Every day. Good people who can't find jobs who ask me to redo their resumes. People who find themselves out of jobs at 55 and no one will touch them because they are too old.

You know what, maybe I'm getting old, but when I was growing up, the nuns taught us that greed was a sin. One of the Seven Deadly ones, in fact.

When did it become a virtue?

Class warfare.

 

[Contumacious]

Except the lenders aren't a store. They lend to people knowing they won't pay them back because the system we have backs their play.

Bankruptcy makes sure they get some of their money back and outrageous interest rates allow them to make up the losses of the few who do by extorting money from those who want to. And, sorry, these days, you can't really get by without a credit card. You just can't.

I blame both Wall Street and government for this current mess. They both deservet heir share of the blame. TEA and OWS just want all the blame to go to one or the other.

That is somewhat true, some monies are insured and the bigger "banks" have little risk lending, however democrats only made that possible..

Look at what happened over the past few years - larger banks are buying the smaller banks...

However none of this changes the fact that businesses use credit, pay their employees to make a product that a person borrows money to buy but never pays back.. Then the FED attempts to fill the void created from that bizarre cycle by printing more money..

It's economically retarded..

The government is responsible for all of it........

No, the banks were responsible for their share, too. So were the large corporations that used free trade an union busting to hollow out what we used to call the middle class.

The banks weren't exactly sitting on the sidelines. They were paying both parties to influence the laws. In anotehr post, I pointed out that the big wall street firms were Obama's biggest contributors in 2008. They gave him tens of millions. Dodd. Frank, Kerry, the whole lot of them. Lots of money from Wall Street. And when they needed that bailout, they got it...

So why then is Wall Street the culprit....why the fuck don't you blame Pennsylvania Avenue ?!?!?!?!?!!?

.

 

[Mr.Nick]

You're pretty slow on the uptake CommieJoe. Granny's pension is bigger because of me.

Here's a picture of your intellectual mentor. You could put it in your sig.

Uh, guy, sorry, just don't see why the 1% need to get richer at the expense of the rest of us... I can't see why a guy like Romney needs to screw over AmPad workers to make himself richer. That makes him a bad person, to my mind.

I see the retail results of your greed. Every day. Good people who can't find jobs who ask me to redo their resumes. People who find themselves out of jobs at 55 and no one will touch them because they are too old.

You know what, maybe I'm getting old, but when I was growing up, the nuns taught us that greed was a sin. One of the Seven Deadly ones, in fact.

When did it become a virtue?

Why are you so obsessed with what others have?? its not exactly like there is a finite amount of wealth...

Worry about yourself...

It seems the alleged "99%" (really 3%) are willing to collapse an economy to get back at those who have more than they do..

It's fucking childish..

To make matters worse its the fucking democrats in congress who empower all these 1%ers and give them bailouts in exchange for donations and support and its the democrat voting base that is crying about "wealth discrepancies."

 

[Katzndogz]

No one is getting richer at the expense of anyone else. Hatred of Wall Street isn't uniting anyone except the left to the left and the right to the right.

The left in this country wants to end our way of life. The same as muslim extremists do but for different reasons. That pretty much makes leftists enemies of the nation, including those politicians aligned with the left.

 

[Mr.Nick]

That is somewhat true, some monies are insured and the bigger "banks" have little risk lending, however democrats only made that possible..

Look at what happened over the past few years - larger banks are buying the smaller banks...

However none of this changes the fact that businesses use credit, pay their employees to make a product that a person borrows money to buy but never pays back.. Then the FED attempts to fill the void created from that bizarre cycle by printing more money..

It's economically retarded..

The government is responsible for all of it........

No, the banks were responsible for their share, too. So were the large corporations that used free trade an union busting to hollow out what we used to call the middle class.

The banks weren't exactly sitting on the sidelines. They were paying both parties to influence the laws. In anotehr post, I pointed out that the big wall street firms were Obama's biggest contributors in 2008. They gave him tens of millions. Dodd. Frank, Kerry, the whole lot of them. Lots of money from Wall Street. And when they needed that bailout, they got it...

So why then is Wall Street the culprit....why the fuck don't you blame Pennsylvania Avenue ?!?!?!?!?!!?

.

I've been saying that since before OWS...

It's the federal governments policies that created all this economic chaos..

 

[Old Rocks]

Haters' gonna hate.

I only hate those who merit it.

But like I said, we should leave you guys alone in a room with these guys who lost their houses and jobs because of you. Give them baseball bats and a pre-emptive pardon. If you can talk your way out of there, God Bless.

Lots of good people lost their homes and savings because Bill Clinton thought it was a good idea to force lending and many greedy assholes took advantage of that. They had nothing to lose, they were welfare fucks before they got the free credit - they had no risk in the game. They were just allowed to live in the lap of luxury for a couple years... Meanwhile many of those who actually had investments in the market lost everything..

Our whole society has to suffer because progressives believed credit was a right not a privilege..

You dumb ass fuck, that was Bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

 

[Mr.Nick]

No one is getting richer at the expense of anyone else. Hatred of Wall Street isn't uniting anyone except the left to the left and the right to the right.

The left in this country wants to end our way of life. The same as muslim extremists do but for different reasons. That pretty much makes leftists enemies of the nation, including those politicians aligned with the left.

You're absolutely right, however it's the elitist socialists that want socialism - the democratic voting base just does as it's told for the "greater good of humanity."

I'm sure these Marxist elitists have a wide verity of reasons why they take the socialist position from narcissism (Pelosi, Obama, Reid, Frank) to malevolence (Soros, Michael Moore, Al Sharpton etc) or both..

All want socialism just so they can play the sims in real life while they sit in their throne patting themselves on the head ...

 

[Old Rocks]

It's their money they can do whatever the fuck they want with it.. I could care less..

I find those that envy to be pathetic....

Realistically who are the greedy ones?? those who generate wealth or those who beg the government to redistribute them free money for nothing???

But guy, they don't "generate' wealth. Wealth is generated by those of us who go to work every day and make things and provide services.

And when they take a 700 billion dollar bailout the rest of us paid for, it isn't their money anymore, it's ours.

Of course they generate wealth...

They give you 100 dollars and you have to pay back 110 dollars... Thats how they make their money...

Well, yes, that does generate wealth. Simple math, the bank gave me a loan to buy a house with. I live in this house for a number of years, do some work on on it, and now the house is worth double what it was when I bought it. But I only owe the amount that I paid for it, and the monthly interest. The monthly payment is lower than I would have to pay for rent. So, yes, in this case, a loan with interest generated wealth.

However, when loans are made that have no way of being paid back, that generates bankrutpcy for all involved. And when the large corperations are doing this because it generates immediate bonuses for the personel, without regard to the future of the company and the people recieving the loans, then you have some real problems. And that is what happened.

 

[Mr.Nick]

I only hate those who merit it.

But like I said, we should leave you guys alone in a room with these guys who lost their houses and jobs because of you. Give them baseball bats and a pre-emptive pardon. If you can talk your way out of there, God Bless.

Lots of good people lost their homes and savings because Bill Clinton thought it was a good idea to force lending and many greedy assholes took advantage of that. They had nothing to lose, they were welfare fucks before they got the free credit - they had no risk in the game. They were just allowed to live in the lap of luxury for a couple years... Meanwhile many of those who actually had investments in the market lost everything..

Our whole society has to suffer because progressives believed credit was a right not a privilege..

You dumb ass fuck, that was Bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

It was the CRA you fucking APE and it was pushed hardly by Bill Clinton and Al Sharpton...

The position at the time was "republicans who don't support these CRA amendments are racists who hate the poor."

Then you call me dumb??

 

[Old Rocks]

No one is getting richer at the expense of anyone else. Hatred of Wall Street isn't uniting anyone except the left to the left and the right to the right.

The left in this country wants to end our way of life. The same as muslim extremists do but for different reasons. That pretty much makes leftists enemies of the nation, including those politicians aligned with the left.

You're absolutely right, however it's the elitist socialists that want socialism - the democratic voting base just does as it's told for the "greater good of humanity."

I'm sure these Marxist elitists have a wide verity of reasons why they take the socialist position from narcissism (Pelosi, Obama, Reid, Frank) to malevolence (Soros, Michael Moore, Al Sharpton etc) or both..

All want socialism just so they can play the sims in real life while they sit in their throne patting themselves on the head ...

Nick, old boy, you are making no sense at all. You want to label everything that has happened that is bad, socialism. I don't even think you have the political acumen to understand what socialism or capitalism is. Ever bother to read Smith? Or Marx? Or to try to understand the times and influences that generated the ideas and philosophies?

 

[Katzndogz]

I only hate those who merit it.

But like I said, we should leave you guys alone in a room with these guys who lost their houses and jobs because of you. Give them baseball bats and a pre-emptive pardon. If you can talk your way out of there, God Bless.

Lots of good people lost their homes and savings because Bill Clinton thought it was a good idea to force lending and many greedy assholes took advantage of that. They had nothing to lose, they were welfare fucks before they got the free credit - they had no risk in the game. They were just allowed to live in the lap of luxury for a couple years... Meanwhile many of those who actually had investments in the market lost everything..

Our whole society has to suffer because progressives believed credit was a right not a privilege..

You dumb ass fuck, that was Bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

No. It was Jimmy Carter that started it. The program was expanded by Clinton. Bush tried 17 separate times to stop it and couldn't. At one point, when Bush wanted an examination of the way Franklin Raines amassed a huge wealth from Freddie Fannie, Maxine Waters called Bush a racist for even asking.

 

[Old Rocks]

Lots of good people lost their homes and savings because Bill Clinton thought it was a good idea to force lending and many greedy assholes took advantage of that. They had nothing to lose, they were welfare fucks before they got the free credit - they had no risk in the game. They were just allowed to live in the lap of luxury for a couple years... Meanwhile many of those who actually had investments in the market lost everything..

Our whole society has to suffer because progressives believed credit was a right not a privilege..

You dumb ass fuck, that was Bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

It was the CRA you fucking APE and it was pushed hardly by Bill Clinton and Al Sharpton...

The position at the time was "republicans who don't support these CRA amendments are racists who hate the poor."

Then you call me dumb??

How Did This Happen? » Who’s to Blame?

Conservative Policies
Conservatives, motivated by a philosophy of blind faith in the free market and deregulation at all costs, undermined regulations and ignored emerging warnings of this financial crisis. First, Republican Senator Phil Gramm, an anti-regulation zealot, made sure that the risky financial products that nearly brought down Wall Street would be exempt from government regulation by quietly slipping a provision into a must pass-budget bill in 2000. Under conservative leadership, the Securities and Exchange Commission turned a blind eye as the market in these poorly understood financial products ballooned and actively abetted greater risk taking by Wall Street investment banks by allowing them to double the amount of debt they kept on their books. Meanwhile, Alan Greenspan and Bush Administration regulators ignored multiple warnings about looming problems in the mortgage market. Even worse, other federal regulators enabled abusive subprime lending by pre-empting state laws protecting borrowers from lending abuses. And bills trying to institute common-sense regulation to discourage banks from engaging in some of the risky lending practices that led to the current crisis were frequently introduced in Congress and then defeated by conservatives.

 

[Mr.Nick]

But guy, they don't "generate' wealth. Wealth is generated by those of us who go to work every day and make things and provide services.

And when they take a 700 billion dollar bailout the rest of us paid for, it isn't their money anymore, it's ours.

Of course they generate wealth...

They give you 100 dollars and you have to pay back 110 dollars... Thats how they make their money...

Well, yes, that does generate wealth. Simple math, the bank gave me a loan to buy a house with. I live in this house for a number of years, do some work on on it, and now the house is worth double what it was when I bought it. But I only owe the amount that I paid for it, and the monthly interest. The monthly payment is lower than I would have to pay for rent. So, yes, in this case, a loan with interest generated wealth.

However, when loans are made that have no way of being paid back, that generates bankrutpcy for all involved. And when the large corperations are doing this because it generates immediate bonuses for the personel, without regard to the future of the company and the people recieving the loans, then you have some real problems. And that is what happened.

Sorry but $1,000-5,000 dollar credit limit is not a loan that cant be paid back..

Deceitful people were maxing out credit cards in the 90's then applying for new ones... They only qualified for those cards because they owned homes...

Allegedly according to Bill Clinton all this was supposed to be good for the economy... Sure maybe in an honest world, however those that took advantage of those policies were hardly honest - they saw an opportunity to get something for nothing and they took it..

 

[Katzndogz]

People in homes they could afford quickly borrowed out the equity by refinancing until they couldn't pay those loans anymore.

 

[Liberty]

No, government is the root problem, not Wall st. The drug dealer gets a bigger punishment than the drug buyer, and government is the dealer--we should be focusing on it.

 

[Full-Auto]

i only hate those who merit it.

But like i said, we should leave you guys alone in a room with these guys who lost their houses and jobs because of you. Give them baseball bats and a pre-emptive pardon. If you can talk your way out of there, god bless.

lots of good people lost their homes and savings because bill clinton thought it was a good idea to force lending and many greedy assholes took advantage of that. They had nothing to lose, they were welfare fucks before they got the free credit - they had no risk in the game. They were just allowed to live in the lap of luxury for a couple years... Meanwhile many of those who actually had investments in the market lost everything..

Our whole society has to suffer because progressives believed credit was a right not a privilege..

you dumb ass fuck, that was bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

liar!!!!

 

[Mr.Nick]

You dumb ass fuck, that was Bush that started the no down payment with blemished credit bit. Nick, someday you are going to surprise us all and post something that is not an outright lie.

It was the CRA you fucking APE and it was pushed hardly by Bill Clinton and Al Sharpton...

The position at the time was "republicans who don't support these CRA amendments are racists who hate the poor."

Then you call me dumb??

How Did This Happen? » Who’s to Blame?

Conservative Policies
Conservatives, motivated by a philosophy of blind faith in the free market and deregulation at all costs, undermined regulations and ignored emerging warnings of this financial crisis. First, Republican Senator Phil Gramm, an anti-regulation zealot, made sure that the risky financial products that nearly brought down Wall Street would be exempt from government regulation by quietly slipping a provision into a must pass-budget bill in 2000. Under conservative leadership, the Securities and Exchange Commission turned a blind eye as the market in these poorly understood financial products ballooned and actively abetted greater risk taking by Wall Street investment banks by allowing them to double the amount of debt they kept on their books. Meanwhile, Alan Greenspan and Bush Administration regulators ignored multiple warnings about looming problems in the mortgage market. Even worse, other federal regulators enabled abusive subprime lending by pre-empting state laws protecting borrowers from lending abuses. And bills trying to institute common-sense regulation to discourage banks from engaging in some of the risky lending practices that led to the current crisis were frequently introduced in Congress and then defeated by conservatives.

Idiot - Bill Clinton and Al Sharpton forced banks to lend to mental midgets..

The CRA is the starting point of an economic catastrophe...

I love how the democrats idea blows up in their fucking faces and then dickheads like you turn around and blame republicans..

I'll blame republicans all day for going along with the CRA bullshit, however I WILL NOT blame the free markets..

The audacity and ignorance democrats possess is absolutely breathtaking..

Non-democrats always tell you your ideas will blow up in your faces yet you sit back and claim your ideas are perfect and when they blow up in your faces 5-10 years down the road you point fingers and blame everyone except yourselves despite the warnings..

A perfect example is the CRA, the republicans didn't agree with it then, then Bush in 2007 warned of a housing bubble and that fat ass homo Barney Frank assured congress everything was fine and under control.. What the fuck happened next???

 

[Mr.Nick]

No one is getting richer at the expense of anyone else. Hatred of Wall Street isn't uniting anyone except the left to the left and the right to the right.

The left in this country wants to end our way of life. The same as muslim extremists do but for different reasons. That pretty much makes leftists enemies of the nation, including those politicians aligned with the left.

You're absolutely right, however it's the elitist socialists that want socialism - the democratic voting base just does as it's told for the "greater good of humanity."

I'm sure these Marxist elitists have a wide verity of reasons why they take the socialist position from narcissism (Pelosi, Obama, Reid, Frank) to malevolence (Soros, Michael Moore, Al Sharpton etc) or both..

All want socialism just so they can play the sims in real life while they sit in their throne patting themselves on the head ...

Nick, old boy, you are making no sense at all. You want to label everything that has happened that is bad, socialism. I don't even think you have the political acumen to understand what socialism or capitalism is. Ever bother to read Smith? Or Marx? Or to try to understand the times and influences that generated the ideas and philosophies?

What the fuck are you talking about........

I've read more books on economic philosophy and socioeconomic philosophy than you have..

Not to mention Marxism is Marxism and socialism is the economic model under which Marxism exists..

True socialism requires total obedience to the state and ideology to be successful, which is what makes socialism so evil and its also why most true socialists states are authoritarian and some even develop into personality cults or totalitarian states...

What do you know about Mao, Pol Pot, Stalin, Ho Chi Minh, Castro, Che Guevara ect just to name a few??

What do you know about Li Da??

 

[Ravi]

What do you imagine Toro had to do with the financial crises?

He came on here and said he made a bunch of money betting against real estate.

If you want me to clarify, I was shorting REITs, not housing.

You're an ignorant moron. Do you know why? You think that because someone who borrows and sells then buys it back caused this. That makes you a fool.

Housing prices didn't collapse because investors were shorting. Housing prices collapsed because they were in a bubble, interest rates were high and the mortgage market was rotten. This had nothing to do with people who had the foresight to see it for what it was and - God forbid - tried to better their clients and families from it.

I call you a whiny socialist because you whine that people didn't take losses like you did. Instead, you wish violence on those who had the foresight to profit from it. God forbid if anyone should make money during bad times. Instead, everyone should suffer. And you call yourself a conservative. Even the RINOs think you're a RINO.

You are grossly ignorant about how markets work. I hardly expect the average person to have as good a grasp of this as professionals, but I don't expect "conservatives" to wallow in petty resentment, envy and jealousy of the success of others either.

And for the record, most of Wall Street suffered during the Financial Crisis, but I doubt this fact will mitigate your self-pitying whine-fest.

Toro...I don't think that is actually the view of a socialist, "you whine that people didn't take losses like you did. Instead, you wish violence on those who had the foresight to profit from it," but rather what many on the right claim is the view of a socialist.

 

[Toro]

He came on here and said he made a bunch of money betting against real estate.

If you want me to clarify, I was shorting REITs, not housing.

You're an ignorant moron. Do you know why? You think that because someone who borrows and sells then buys it back caused this. That makes you a fool.

Housing prices didn't collapse because investors were shorting. Housing prices collapsed because they were in a bubble, interest rates were high and the mortgage market was rotten. This had nothing to do with people who had the foresight to see it for what it was and - God forbid - tried to better their clients and families from it.

I call you a whiny socialist because you whine that people didn't take losses like you did. Instead, you wish violence on those who had the foresight to profit from it. God forbid if anyone should make money during bad times. Instead, everyone should suffer. And you call yourself a conservative. Even the RINOs think you're a RINO.

You are grossly ignorant about how markets work. I hardly expect the average person to have as good a grasp of this as professionals, but I don't expect "conservatives" to wallow in petty resentment, envy and jealousy of the success of others either.

And for the record, most of Wall Street suffered during the Financial Crisis, but I doubt this fact will mitigate your self-pitying whine-fest.

Toro...I don't think that is actually the view of a socialist, "you whine that people didn't take losses like you did. Instead, you wish violence on those who had the foresight to profit from it," but rather what many on the right claim is the view of a socialist.

He's a whiny socialist because he's whiny, not because he's a socialist. You can be a socialist without being whiny. He's just acting like a socialist who also happens to whine a lot.

It is my observation that you tend to find more people on the left who resent success, as many on the left believe that people have been exploited to attain it. You tend to see it outside of America moreso than within the country. The language JoeB is using is language I encounter from socialists outside of America. People on the right tend to venerate success. Those are broad generalizations. It doesn't mean all people on the left resent success.

He's wishing violence on others not because of his political leanings but because he's an asshole.