Wall Street is still playing us for suckers

[PredFan]

Obama is playing you guys for suckers and getting you to blame everything on Wall Street.

 

[KissMy]

The investors that were ripped off by all Street were...you. Your idiot 401k manager was suckered into buying these securities. The guy managing your retirement money doesn't know shit. He's thinks proximity to money equals intelligence, but all he really knows or cares about are the box seat tickets and hookers and blow his buddies on Wall Street give him in return for him giving all your money to them to buy fraudulent securites.

The CDO mentioned in the opening post was constructed by Brian H. Stoker at Citibank. This fraudulent Class V Funding III CDO-squared ripped off investors (you) for over $700 million.

That's your money. Their hands are in YOUR pockets, stealing from YOU. Wake up!

Stoker is a free man. This was a clear act of fraud, proven in court, and he is not going to jail for it. Instead, his company is paying a fine that is a small fraction of what the investors lost.

Stoker will be golfing in the Bahamas, paying for the trip with the money he stole from you, while you are back here defending him. BWA-HA-HA!

Those of you who tell people on this forum that if they have a 401K they should be on the side of Wall Street are suckers. You are feeding these thieves. You are a rube.

Every synthetic CDO sold to investors (you) in this past decade were acts of fraud.

More crimes that were documented cases of fraud in which no one went to jail and a minor fine was levied:

Daniel Sparks and Tom Montag: Goldman Sachs. Constructed the fraudulent Timberwolf billion dollar toxic mortgage security and sold it to investors (you), then profited by betting against it. Deliberately stuffed the security with mortgages they knew were toxic so they could be on its failure while also profiting from its sale it to investors (you).

Fabrice Tourre: Goldman Sachs. Constructed the fraudulent Abacus 2007-ac1 CDO for which Goldman Sachs was fined but no one went to prison. Tourre allowed hedge fund manager John Paulson to select the toxic mortgages to be placed in the CDO so Goldman Sachs and Paulson could bet against the investors (you).


Angelo Mozillo: Countrywide CEO. This guy and his financial officers committed the exact same kind of crime the Enron CEO and financial officers did, and yet he walks free. Mozillo kept telling investors (you) that Countrywide was "consitently producing quality mortgages" while his internal memos show that he was well aware his company was creating the most toxic mortgages on the planet. The SEC originally demanded a jury trial for Mozillo, but he ultimately walked away with a fine and no admission of wrongdoing. This guy is the scummiest of the scum.


Unless you are trading on your own account, your money is being skimmed by these kinds of criminals. And they are getting away with it. And when their shit blows up in their faces, your taxes cover their losses. Their casino feeds you just enough pathetic returns to keep you coming back for more punishment.

I make more money on a single trade than you make in three months on the same amount of money in any 401K.

So go ahead, keep defending them and handing over your money to them.

Until public demand that Wall Street be cleaned up increases to the point of intolerabilty for politicians in Wall Street's pocket, you will be spending every day of your life as a sucker.

No one goes to jail & the small fines are just the cost of doing business. The CFTC, SEC, FTC, Congress & White-house are all on the take. The rubes around here don't understand that every-time wall-street rips off a public works project, pension fund, FDIC insured bank, etc. that this raises their local taxes. They are also driving up prices on things you buy & placing hidden taxes on everything they buy.

 

[whitehall]

You got it bass-ackward lefties as usual. Wall Street keeps our pensions solvent. What is the federal government doing for us besides confiscating money? Find Barney Frank who is on his honeymoon with his new husband and ask him why the chairman of the banking committee who had oversight responsibility for Fannie Mae told us Fannie was doing fine when it was on the verge of collapse. Trust Wall Street or the fools who couldn't even run a post office without stealing stamps?

 

[KissMy]

You got it bass-ackward lefties as usual. Wall Street keeps our pensions solvent. What is the federal government doing for us besides confiscating money? Find Barney Frank who is on his honeymoon with his new husband and ask him why the chairman of the banking committee who had oversight responsibility for Fannie Mae told us Fannie was doing fine when it was on the verge of collapse. Trust Wall Street or the fools who couldn't even run a post office without stealing stamps?

I don't in any way want the Marxist government handling the majority of the money & flushing it down some CRA crap hole. I just want the government to do their job as regulators & stop taking money from the criminals & allowing them to screw the rest of us. Regular people have jobs & can't spend all day watching their broker to see if he is scamming them out of their savings. Why would anyone continue to work & save if it all gets taken away.

Wallstreet needs to do their job & make our savings grow. The regulators need to do their jobs to prevent criminals from scamming the system. So regular people can stop worrying about their investments & focus on doing their jobs the best they can.

On 11/08/2011 the average American family had $7,490 cash savings per family. Now today 3 months later the average American family only has $4,497 cash savings per family. Either the average family blew $3,000 of their savings over the holidays or Wallstreet & the Government took a chunk. You would expect the tax refunds to be building up the savings accounts. This economy is taking its toll on people.

 

[Procrustes Stretched]

As a mere youth...

read more Wall Street is still playing us for suckers - The Washington Post

Wall Street is still playing us for suckers? D'Oh!!!

Speculation/betting/gambling/investing

 

[Procrustes Stretched]

How moronic. Wall St aren't playing us for suckers. Washington is. But please don't let reality ruin your fantasy..... oh, wait, it's not your fantasy... all you do is regurgitate the opinions of others.

How moronic. Washington isn't playing us for suckers. Wall Street is. But please don't let reality ruin your fantasy..... oh, wait, it's not your fantasy... all you do is regurgitate the opinions of others.

Wall Street is where people go to make money off of the bets other people make with money. Risk? Investments carry risks. One sure way to make loads of money is to do what Wall Street has done for the last 20 years. Rig the game and then ask to be bailed out because they asked to be allowed to become too big to fail.

gawd, you're moronic to the 10th power.

 

[editec]

Wall street BANKSTERS mostly screwed OTHER rich people ON WALL STREET.

Of course that tanked EVERYBODY"S economy, didn't it?

 

[Katzndogz]

It's not like the government would do anything other than steal investments and pension funds themselves so what's the complaint. The stupid trust the benevolent government to use those funds to equalize the masses. HUH. That's never happened. The most the masses get is a few crumbs and TOLD how grateful they should be for that.

 

[Wry Catcher]

Some people are saying that the right wing echo chamber is fully funded by Propaganda R Us, and that those members posting on this thread with such outrage against President Obama are all member of Partisan Fools, a fully owned subsidiary of Propaganda R' Us, LLP and its Super PAC.

Notice they all say the same thing, poor spelling and grammatical errors are a ploy (in most cases).

 

[usmcstinger]

What viable resources did you read to back up your statement?

 

[Dont Taz Me Bro]

Wall Street is where people go to make money off of the bets other people make with money. Risk? Investments carry risks. One sure way to make loads of money is to do what Wall Street has done for the last 20 years. Rig the game and then ask to be bailed out because they asked to be allowed to become too big to fail.

gawd, you're moronic to the 10th power.

You clearly don't know dick (well, I have no doubt you know all about dicks) about investing. You aren't making a bet. You are taking a risk based on research and information, assuming you're doing it correctly of course. You aren't just walking up to a roulette table and betting on some random number to come up. The stock market isn't Las Vegas.

 

[beagle9]

Former democrat senator and NJ governor Jon Corzine is the symbol of what people hate about investment criminals but the left wing media can't bring themselves to investigate his loss of billions of investment dollars. The feds won't touch him because he is an influential democrat and could probably bring down some crooked politicians. Go after Jon Corzine lefties. Go after the crooks who should have been regulating Corzine's criminal operation. Focus on the criminal enterprise in the federal government and uncover the mess that caused Fannie Mae instead of attacking a soft target like Wall Street. Why not? It ain't about criminals and finance reform. It's about bringing down the capitalist system.

All corruption needs to be gone after and cleaned up, and this no matter where it is or who is responsible for it, but people want it only one way and not the other, but I say go for it all...

 

[JStone]

How moronic. Wall St aren't playing us for suckers. Washington is. But please don't let reality ruin your fantasy..... oh, wait, it's not your fantasy... all you do is regurgitate the opinions of others.

Wall Street is playing the general public for suckers through computerized trading that manipulates the market rendering it a massive casino. For this very reason, a sizeable segment of small investors left the market in reaction to the last crash. Time will tell whether they were prescient in doing so, though, one prominent financial publication predicts Dow 15K.

 

[jodylee]

How moronic. Wall St aren't playing us for suckers. Washington is. But please don't let reality ruin your fantasy..... oh, wait, it's not your fantasy... all you do is regurgitate the opinions of others.

Washington/Wall St, same people, same club.

 

[editec]

Former democrat senator and NJ governor Jon Corzine is the symbol of what people hate about investment criminals but the left wing media can't bring themselves to investigate his loss of billions of investment dollars. The feds won't touch him because he is an influential democrat and could probably bring down some crooked politicians. Go after Jon Corzine lefties. Go after the crooks who should have been regulating Corzine's criminal operation. Focus on the criminal enterprise in the federal government and uncover the mess that caused Fannie Mae instead of attacking a soft target like Wall Street. Why not? It ain't about criminals and finance reform. It's about bringing down the capitalist system.

The crooks on Wall Street are bringing down the capitalist system without any help from "socialists" whatsoever.

It wasn't "socialists" who crashed the entire Free World's economies and threw 10 percent of our country's people out of work.

It was the Democratic and Republican parties, ratings agencies, mortgage brokers, banks, broker dealers, irresponsible borrowers, the secondary market, investors, and deregulation. The only socialism going on was socialized losses placed on the taxpayers while the private profiteers who robbed all of us took off into the blue sky in their private jets.

It is time to wake up to where the real danger to capitalism lies. It ain't to your left, it is right next to you.

Absolutely SPOT ON.

Capitalism isn't the problen, socialism isn't the problem, either.

Leave such simplistic answers for those too stupid to understand facts no matter how clearly they are explained to them.

We have allowed some large players in the private BANKING SYSTEM (and their tools in government!) to become a parasite on the body politic.

That LONG SCAM of theirs (that took RISK ASSESSMENTS LIES to get working) just sucked TRILLIONS of dollars out of WALL STREET AND MAIN STREET.

Most of those of the 1% (that the clueless leftie idiots think are all villians) were as victimized by this CABAL of CRIMINALS as every homeowner in the USA was victimized by their scams.
\
But thanks to the clueless partisans of BOTH PARTIES, those playing-both-sides-against-the-middle -bastards OWN congress.

 

[zonly1]

No one mentions HFTrading vs small investors or dark pools. Small investors can't compete b/c they don't have access or the tools to play at a level playing field. Hft'ers are 2% of traders making 70%+ of the volume trading; too much control of the markets generating more volatility. It's the volatility factor that hft'ers can take advantage of the markets and pick of small investors with limit capabilities.

 

[whitehall]

I guess it's easier for the ignorant to blame "wall street" these days. Especially when the crooked administration that caused the problem encourages the the anger. Wall Street ain't your problem you fools. Crooked politicians are. Find Barney Frank who had oversight responsibility for Fannie Mae when he was chairperson of the House banking committee (he is on his honeymoon with his new husband) and ask him why he told America that Fannie was doing fine when it was on the verge of collapse. Crooked politicians watched people like Frank Raines, who is Obama's financial adviser, cook the books to show a fake profit tied to his bonus money while he was CEO of Fannie Mae and walk away with 90 Million dollars for three years work. Fannie Mae bundled bad loans with good loans and sold them back to lending institutions as good loans. Fools and socialists blame Wall Street when they should be looking at the people in government who had the power and made the laws and set the rules and raked in the profits.

 

[beagle9]

I guess it's easier for the ignorant to blame "wall street" these days. Especially when the crooked administration that caused the problem encourages the the anger. Wall Street ain't your problem you fools. Crooked politicians are. Find Barney Frank who had oversight responsibility for Fannie Mae when he was chairperson of the House banking committee (he is on his honeymoon with his new husband) and ask him why he told America that Fannie was doing fine when it was on the verge of collapse. Crooked politicians watched people like Frank Raines, who is Obama's financial adviser, cook the books to show a fake profit tied to his bonus money while he was CEO of Fannie Mae and walk away with 90 Million dollars for three years work. Fannie Mae bundled bad loans with good loans and sold them back to lending institutions as good loans. Fools and socialists blame Wall Street when they should be looking at the people in government who had the power and made the laws and set the rules and raked in the profits.

That to.....So yes of course blame gooberment as well, we get that, but wall street is in no way innocent or less guilty either..

 

[Obamerican]

How moronic. Wall St aren't playing us for suckers. Washington is. But please don't let reality ruin your fantasy..... oh, wait, it's not your fantasy... all you do is regurgitate the opinions of others.

If you trust Wall Street and the bankers then you are really naive.

 

[editec]

Wall STREET plays other WALL STREETERs for suckers.

The fallout of that just happens to sometimes wreck EVERYBODY's economy EXCEPT the GRIFTERS of WALL STRET