Protesters to remain on Wall St until Monday

[percysunshine]

I don't have much use for the protesters but ...

There is some truth in what they say.

In February 2009, right in the heart of the crisis, I was at a conference in New York with a couple hundred other investment - i.e. Wall Street - types. It looked like the end of the world to the delegates. TARP had been passed a few months earlier, and a moderator at one of the session wanted to gauge investor's opinions. He asked how many people thought the TARP money should have been used to pay American citizens directly? No one put their hand up. He then asked how many people thought the money should be used to bail out the banks? Almost everyone put their hand up (me included). Finally, he asked who thought the government shouldn't have done anything? Again, not a single person raised their hand.

Wall Street has captured government. Hundreds of billions of taxpayer dollars have been used to backstop the financial system, and Wall Street pays itself an enormous amount of money. People should be pissed off.

And they all went to work in the Obama administration.

You left that part out.

 

[daveman]

These protestors are just a bunch of college kids that are mad because they got degrees a a mountain of debt to get those degrees and they are not rolling in the dough. In other words they do not want to do what it takes to make it big.

Or maybe they feel like they are doing something for mankind....NOT

Their problems are of their own making...I mean, really, who spends in the high five figures to get a degree that doesn't qualify you to do anything but teach that subject?

Dumb.

Hey, protesters: You made your Liberal Arts bed; you lie in it. Nobody owes you anything.

Now make sure you get my latte order right.

 

[Dot Com]

 

[Katzndogz]

Not just Wall St. protesters have something against the Brooklyn Bridge too.

Police Arrest About 400 Protesters on Brooklyn Bridge - NYTimes.com

the choice of those marchers that led to the swift enforcement.

“Protesters who used the Brooklyn Bridge walkway were not arrested,” said the head police spokesman, Paul J. Browne. “Those who took over the Brooklyn-bound roadway, and impeded vehicle traffic, were arrested.”

The mistake was that traffic allowed itself to be impeded. Roll over one or two and there would be no traffic impediment.

 

[Dot Com]

"...corrupting influence of transient commercial wealth" K. Haakonssen, The Structure of Hume's Political theory.

 

[JStone]

"...corrupting influence of transient commercial wealth" K. Haakonssen, The Structure of Hume's Political theory.

Stop whining, you poor, unsuccessful little shit.

 

[Dot Com]

Looks like the owners of Congress put their foot down and told the police to dispense w/ the rabble/citizenry

More than 500 arrested in Wall Street protest - Yahoo! News

 

[daveman]

Looks like the owners of Congress put their foot down and told the police to dispense w/ the rabble/citizenry

More than 500 arrested in Wall Street protest - Yahoo! News

Yes, how awful that the law is enforced.

Police reopened the Brooklyn Bridge Saturday evening after more than 700 anti-Wall Street protesters were arrested for blocking traffic lanes and attempting an unauthorized march across the span.

The arrests took place when a large group of marchers, participating in a second week of protests by the Occupy Wall Street movement, broke off from others on the bridge's pedestrian walkway and headed across the Brooklyn-bound lanes.
"Over 700 summonses and desk appearance tickets have been issued in connection with a demonstration on the Brooklyn Bridge late this afternoon after multiple warnings by police were given to protesters to stay on the pedestrian walkway, and that if they took roadway they would be arrested," a police spokesman said.

"Some complied and took the walkway without being arrested. Others proceeded on the Brooklyn-bound vehicular roadway and were. The bridge was re-opened to traffic at 8:05 p.m. (0005 GMT Sunday)."​

Dumbass.

 

[Dragon]

There is so much utter horse crap in this post all I'm going to do is laugh at you.

Then you make it obvious you cannot answer, and make yourself look like a childish, ill-mannered twit. Congratulations.

 

[Dragon]

Looks like the owners of Congress put their foot down and told the police to dispense w/ the rabble/citizenry

More than 500 arrested in Wall Street protest - Yahoo! News

All part of the game. Getting arrested is a goal of nonviolent civil disobedience. The idea is to make the other side look bad and draw attention to the movement's issues. The arrests won't stop things; they were expected and intended.

 

[zonly1]

I wonder how many take issue with the fact that Canadians staged, backed and promoted this protest?




Reuters: Wall Street now home to protest campground (2011-09-29)


I can't imagine what their reaction would be if a big insurance company decided to arrange a protest in Canada.

Protestors want the European socialist plan that's work out so well, but i guess they're missing the bailout crises and the last Fridays big sell off of gold and silver; looking for cash.

You do know that the mortgage back security crisis was a world wide scam, dontcha?

And the Greeks were taking out loans to modernize it's military.

Great idea.

Look up CRA and who implemented that law to force it onto the banks.
I'll give you a hint, jimmeh carter and bill clintool.
The result; the housing bubble.
Remember the CRA loans were over leveraged loans or high risk loans with poor requirement standards, proof of income etc.
Furthermore, it doesn't help when the fed chair keeps believing in failed Keynesian approach,ie print cheap money.
You know that damn placquer of the CRA is still display in most banks, we'll never learn.

 

[Dragon]

Most of the defaulted mortgages that triggered the financial crisis were for commercial property that CRA, Fannie, and Freddie had nothing to do with.

 

[initforme]

How can any hard working american defend wall street and how they operate? I sure cant. I dont care what the protestors do they arent going to help anything. It may be the best system out there but it surely is very very corrupt and nobody can ever argue this point.

 

[zonly1]

Most of the defaulted mortgages that triggered the financial crisis were for commercial property that CRA, Fannie, and Freddie had nothing to do with.

Right and Keynesian economics works.

 

[JamesInFlorida]

Hard work CAN overcome. I know someone who didn't come from a lot of money, and while others were sitting on their asses, or partying on the weekends, he was working his ass off. Put up with 2 hour commutes, put up with hard manual labor during school, and yes took a career or two that panned out. Paid his way through college, earned a MBA and is now part of the top 5% or so. You want to want a lot of earnings[/B? Go get it.

Nobody said it was easy to earn a lot of money-and nobody said it was a guarantee. But the truth is this: it takes hard work AND smart work. I once heard, and I've always found this to be true, and great advice:

hard work is smart
smart work is hard

edit: and while I don't agree with the OWS, they have every right to exercise their constitutional rights.

 

[Dot Com]

Those people on Wall St don't "make" anything. They make their money oftentimes "shorting" people like Goldmann did.
Protesters invade NYC Financial District - US news - Life - msnbc.com

Demonstrators gathered in parks and plazas in Lower Manhattan and said they were determined to stay at least through the weekend so they could confront Wall Street workers on Monday morning.protest of what they said was corporate greed favoring the rich at the expense of ordinary people.
"It's a worthy cause because people on Wall Street are blood-sucking warmongers," Bill Steyerd, 68, a Vietnam veteran from Queens, told the New York Daily News. "I'm here, and in spite of these dinky barricades, we're going to shut down Wall Street with people power."

Exhibit # 2187:

Hedge fund exec gets 11 yrs, his crimes 'a virus' - WSJ.com

"In this environment where there's a palpable public antipathy to Wall Street, many people expected a sentence that was going to be closer to what prosecutors were seeking than what the defense was asking for," he added.

 

[Dragon]

Right and Keynesian economics works.

That's also true. It gave us an economy that outperformed anything organized on a different basis for four decades. In my book, that constitutes "working."

 

[Dragon]

Hard work CAN overcome.

Of course it can. The question is: How high do you want to set the bar?

It takes much harder work now to overcome than it did when I was a boy, and any given level of hard work isn't rewarded nearly as well (unless you're already rich).

Is that really the kind of America we want?

 

[JamesInFlorida]

Hard work CAN overcome.

Of course it can. The question is: How high do you want to set the bar?

It takes much harder work now to overcome than it did when I was a boy, and any given level of hard work isn't rewarded nearly as well (unless you're already rich).

Is that really the kind of America we want?

Oh please that logic is "I want to work hard....but not THAT hard". I guarantee you for everyone who subscribes to that-there's someone else waiting in the wings.

I know someone who lived in a house that was (literally) falling away from the other half. He would commute 2 hours (each way) to work every single day, and earned his MBA. All this just to give himself the opportunity to advance. He would go clamming in the ocean during college on the weekends to pay his way through, while others were slacking off.

Long story short: 13 years ago he started to become very successful. He's now a part of the 1% that people love to demonize. And people who don't know how much he busted his ass make snide remarks as if something was given to him, just because they see him drive a nice car, or something. Or want him to "pay his fair share" (when he pays more in taxes than most of them do in a year). Or think he acted unethically to get to where he is.

My point is this: get to know somebody who's made it big (if you can), and try to pick their brains a little. See how they got to where they are. It's easy to demonize people who you seemingly can't relate to right off the bat. When you witness first hand what goes into becoming that successful, your thoughts about those people just may change a little bit.