More insults.
The big crime was committed by Wall Street, not OWS.
Keep your eye on the ball.
The Occupy Wall Street Movement is WORKING!!!
- Thread starter Seawytch
- Start date
More insults.
The big crime was committed by Wall Street, not OWS.
Keep your eye on the ball.
Mr.Nick
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Prove it...
What destroyed the economy was forced lending ***** by the the democratic federal government under Bill Clinton...
Banks NEVER wanted to lend to you, nor did they ever desire to lend to you but they were forced to via the CRA and its Amendments in 1993 and 94...
Yeah shit for brains - you tend to get a bad economy when people borrow money and NEVER pay it back... Solid investors tend to LOSE ALL THEIR ******* MONEY THAT WAY..
Mr.Nick
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Since the OWS movement has started, the conversation has shifted from the debt and deficit to JOBS and income inequality. Even the unctuous little twerp, Eric Cantor and the Budget Munster, Paul Ryan have been discussing income inequality. That can only be seen as a victory for the OWS movement.
Another victory for OWS comes from Bank of America who have decided NOT to charge people a ridiculous fee for using their debit cards.
Keep the pressure on!!!
Yeah, OWS is being paid to protest - that is how they're working...
OWS is shit, no one respects them - they're continually mocked by bankers and rightly so - as a matter of fact given your actions I wish to see you starve to death...
Maybe you can beg for enough money for a fishing pole to feed yourself , unless you find that animal cruelty or too much work...
A lot of people respect OWS.
No one respects the bankers.
Only racists, socialists and communists respect OWS....
You advocate THEFT.... You want and are DEMANDING something YOU NEVER EARNED.
A £516 trillion derivatives ‘time-bomb’
Not for nothing did US billionaire Warren Buffett call them the real ‘weapons of mass destruction’
By Margareta Pagano and Simon Evans
12 October 12 2008
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the “ticking time-bomb”.
It’s a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it’s a market that is set to come to a crashing halt – the Great Unwind has begun.
Last week the beginning of the end started for many hedge funds with the combination of diving market values and worried investors pulling out their cash for safer climes.
Some of the world’s biggest hedge funds – SAC Capital, Lone Pine and Tiger Global – all revealed they were sitting on double-digit losses this year. September’s falls wiped out any profits made in the rest of the year. Polygon, once a darling of the London hedge fund circuit, last week said it was capping the basic salaries of its managers to £100,000 each. Not bad for the average punter but some way off the tens of millions plundered by these hotshots during the good times. But few will be shedding any tears.
The complex and opaque derivatives markets in which these hedge funds played has been dubbed the world’s biggest black hole because they operate outside of the grasp of governments, tax inspectors and regulators. They operate in a parallel, shadow world to the rest of the banking system. They are private contracts between two companies or institutions which can’t be controlled or properly assessed. In themselves derivative contracts are not dangerous, but if one of them should go wrong – the bad 2 per cent as it’s been called – then it is the domino effect which could be so enormous and scary.
A £516 trillion derivatives ‘time-bomb’ « Did You Know
Not for nothing did US billionaire Warren Buffett call them the real ‘weapons of mass destruction’
By Margareta Pagano and Simon Evans
12 October 12 2008
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world’s output: it’s been called the “ticking time-bomb”.
It’s a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it’s a market that is set to come to a crashing halt – the Great Unwind has begun.
Last week the beginning of the end started for many hedge funds with the combination of diving market values and worried investors pulling out their cash for safer climes.
Some of the world’s biggest hedge funds – SAC Capital, Lone Pine and Tiger Global – all revealed they were sitting on double-digit losses this year. September’s falls wiped out any profits made in the rest of the year. Polygon, once a darling of the London hedge fund circuit, last week said it was capping the basic salaries of its managers to £100,000 each. Not bad for the average punter but some way off the tens of millions plundered by these hotshots during the good times. But few will be shedding any tears.
The complex and opaque derivatives markets in which these hedge funds played has been dubbed the world’s biggest black hole because they operate outside of the grasp of governments, tax inspectors and regulators. They operate in a parallel, shadow world to the rest of the banking system. They are private contracts between two companies or institutions which can’t be controlled or properly assessed. In themselves derivative contracts are not dangerous, but if one of them should go wrong – the bad 2 per cent as it’s been called – then it is the domino effect which could be so enormous and scary.
A £516 trillion derivatives ‘time-bomb’ « Did You Know
thereisnospoon
Gold Member
Such as?....Since the OWS movement has started, the conversation has shifted from the debt and deficit to JOBS and income inequality. Even the unctuous little twerp, Eric Cantor and the Budget Munster, Paul Ryan have been discussing income inequality. That can only be seen as a victory for the OWS movement.
Another victory for OWS comes from Bank of America who have decided NOT to charge people a ridiculous fee for using their debit cards.
Keep the pressure on!!!
Yeah, OWS is being paid to protest - that is how they're working...
OWS is shit, no one respects them - they're continually mocked by bankers and rightly so - as a matter of fact given your actions I wish to see you starve to death...
Maybe you can beg for enough money for a fishing pole to feed yourself , unless you find that animal cruelty or too much work...
A lot of people respect OWS.
No one respects the bankers.
OWS is SHIT.
Read comments from Wednesday's Chicago Tribune.
The majority of the general public was tolerant if not in passing, supportive. Nowe that OWS has shown itself to be radical and has of course in keeping with any lib/progressive movement, become violent.
These people are also filthy slobs.
On Wednesday, OWS people tried to shut down the NYSE. They were not even close to beogn successful. They threatened WCBS NewsRadio 880 reporter Marla Diamond with physical harm when she attempted to enter the NYSE building to of all things, do her job.
These OWS people have worn out their welcome.
They have done all kinds of despicable things.
New York Police Department: 250 Arrests Made, 7 Officers Hurt During Occupy Wall Street 'Day Of Action' « CBS New York
You will continue to blindly and irrationally support them. Good. You are just as much a scum bag as theuy.
Explain to me how "forced lending" in the United States brought down the economy of Iceland.
[ame=http://www.youtube.com/watch?v=WVkC7kRFV8c]VIDEO Unprovoked assault by police on students #OccupyCal #OccupyBerkley #Solidarity - YouTube[/ame]
Mr.Nick
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Who gives a **** what some OP-ED writer writes... It means dick - that's why its called "opinion editorial."
Now list some government policies that validate your claim because I can list about 24 policies legislated by the Congress that destroyed our economy - In which I could sink as low as the typical progressive that likes to post op-ed pieces and point to op-ed pieces that even cite these programs as reasons why our economy is failing by all conservatives, democrats, moderates and libertarians..
Who give a **** about the facts? Apparently you don't.
Explain to me how the economy of Iceland collapsed.
Mr.Nick
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Explain to me how Iceland is the United States??? Explain the similarities between legislation(s)?
Explain to me the population of those on welfare in Iceland??? oh yeah - no numbers because they're all welfare ***** now...
Here is a little fact pony boy - there are more ***** living on welfare in the US then the entire population of Iceland...
These are the same pricks that benefited off forced lending not to mention about 10 million more...
thereisnospoon
Gold Member
Yeah sure...Like this video is raw footage that shows the ENTIRE incident.
Chrissy...these people are a bunch of disorganized slobs who are looking for freebies.
Now they have gone off their rocker.
If they get their asses kicked, too bad.
I am a supporter of protest and civil disobedience. I support petitioning the government and to be heard when the government isn't doing it right.
OWS is none of this.
OWS is just trouble makers and anarchists
Buffett's time bomb goes off on Wall Street
Five years ago, billionaire investor Warren Buffett called them a "time bomb" and "financial weapons of mass destruction" and directed the insurance arm of his Berkshire Hathaway Inc (BRKa.N) to exit the business.
Recent events suggest Buffett was right. The collapse of Bear Stearns. The fire sale of Merrill Lynch & Co Inc MER.N. The meltdown at American International Group Inc (AIG.N). In each case, credit default swaps played a role in the fall of these financial giants.
The latest victim is insurer AIG, which received an emergency $85 billion loan from the U.S. Federal Reserve late on Tuesday to stave off a bankruptcy.
Over the last three quarters, AIG suffered $18 billion of losses tied to guarantees it wrote on mortgage-linked derivatives.
Its struggles intensified in recent weeks as losses in its own investments led to cuts in its credit ratings. Those cuts triggered clauses in the policies AIG had written that forced it to put up billions of dollars in extra collateral -- billions it did not have and could not raise.
When the credit default market began back in the mid-1990s, the transactions were simpler, more transparent affairs. Not all the sellers were insurance companies like AIG -- most were not. But the protection buyer usually knew the protection seller.
As it grew -- according to the industry's trade group, the credit default market grew to $46 trillion by the first half of 2007 from $631 billion in 2000 -- all that changed.
An over-the-counter market grew up and some of the most active players became asset managers, including hedge fund managers, who bought and sold the policies like any other investment.
And in those deals, they sold protection as often as they bought it -- although they rarely set aside the reserves they would need if the obligation ever had to be paid.In one notorious case, a small hedge fund agreed to insure UBS AG (UBSN.VX), the Swiss banking giant, from losses related to defaults on $1.3 billion of subprime mortgages for an annual premium of about $2 million.
The trouble was, the hedge fund set up a subsidiary to stand behind the guarantee -- and capitalized it with just $4.6 million. As long as the loans performed, the fund made a killing, raking in an annualized return of nearly 44 percent.
But in the summer of 2007, as home owners began to default, things got ugly. UBS demanded the hedge fund put up additional collateral. The fund balked. UBS sued.
The dispute is hardly unique. Both Wachovia Corp WB.N and Citigroup Inc (C.N) are involved in similar litigation with firms that promised to step up and act like insurers -- but were not actually insurers.
Buffett's time bomb goes off on Wall Street | Reuters
Five years ago, billionaire investor Warren Buffett called them a "time bomb" and "financial weapons of mass destruction" and directed the insurance arm of his Berkshire Hathaway Inc (BRKa.N) to exit the business.
Recent events suggest Buffett was right. The collapse of Bear Stearns. The fire sale of Merrill Lynch & Co Inc MER.N. The meltdown at American International Group Inc (AIG.N). In each case, credit default swaps played a role in the fall of these financial giants.
The latest victim is insurer AIG, which received an emergency $85 billion loan from the U.S. Federal Reserve late on Tuesday to stave off a bankruptcy.
Over the last three quarters, AIG suffered $18 billion of losses tied to guarantees it wrote on mortgage-linked derivatives.
Its struggles intensified in recent weeks as losses in its own investments led to cuts in its credit ratings. Those cuts triggered clauses in the policies AIG had written that forced it to put up billions of dollars in extra collateral -- billions it did not have and could not raise.
When the credit default market began back in the mid-1990s, the transactions were simpler, more transparent affairs. Not all the sellers were insurance companies like AIG -- most were not. But the protection buyer usually knew the protection seller.
As it grew -- according to the industry's trade group, the credit default market grew to $46 trillion by the first half of 2007 from $631 billion in 2000 -- all that changed.
An over-the-counter market grew up and some of the most active players became asset managers, including hedge fund managers, who bought and sold the policies like any other investment.
And in those deals, they sold protection as often as they bought it -- although they rarely set aside the reserves they would need if the obligation ever had to be paid.In one notorious case, a small hedge fund agreed to insure UBS AG (UBSN.VX), the Swiss banking giant, from losses related to defaults on $1.3 billion of subprime mortgages for an annual premium of about $2 million.
The trouble was, the hedge fund set up a subsidiary to stand behind the guarantee -- and capitalized it with just $4.6 million. As long as the loans performed, the fund made a killing, raking in an annualized return of nearly 44 percent.
But in the summer of 2007, as home owners began to default, things got ugly. UBS demanded the hedge fund put up additional collateral. The fund balked. UBS sued.
The dispute is hardly unique. Both Wachovia Corp WB.N and Citigroup Inc (C.N) are involved in similar litigation with firms that promised to step up and act like insurers -- but were not actually insurers.
Buffett's time bomb goes off on Wall Street | Reuters
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Welfare has nothing to do with this.
Wall Street ran a derivatives Ponzi scheme that brought down the world economy.
You really need to do a little reading.
Mr.Nick
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Facts
Yeah you go right ahead and cite a op-ed piece as a "fact" in any college course for any reason...
Your little article is not a valid source of information - its just some ******* progressives opinion....
You need to do some fact checking yourself dummy...
Oh and **** Iceland - The United States is nothing like Iceland in any way shape or form either socially or economically like Iceland - not to mention we have a population of 300,000,000 and an epic welfare crowed that is more than glad to vote democrat and do absolutely nothing with their useless lives just as long as democrats continue to support them...
Maybe in Iceland they don't have a problem with lazy welfare ***** -- Of course they do and that is why they will fail just like EVERY ******* EU nation....
Mr.Nick
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Prove it and when you do I will ******* show you how the government is DIRECTLY behind it....
Oh welfare has everything to do with it BTW - that's what OWS is crying about "give us free money"
"Give us our shared wealth Karl Marx preaches about"
Besides what the **** you think forced lending is??? - its democrats forcing the banks to give their voting base FREE MONEY which they never payback.
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georgephillip
Diamond Member
There are about 311,000 citizens of Iceland with a relatively small bureaucratic body that can move much quicker than most countries. This makes the state an ideal lab for social and economic experimentation.
Birgitta Jonsdottir, an MP in the Icelandic Parliament, explains how the 99% in her country reacted to Wall Street's looting in 2008:
"We had the first revolution after the financial troubles in 2008.
"Due to a lack of transparency, corruption and nepotism, Iceland had the third largest financial meltdown in human history, and it shook us profoundly. The Icelandic people realized that everything we had put our trust in had failed us.
"One of the demands during the protests that followed and that resulted in getting rid of the government, the central bank manager and the head of the financial authority was that we would get to rewrite our constitution.
"'We' meaning the 99%, not the politicians who had failed us. Another demand was that we should have real democratic tools, such as being able to call directly for a national referendum and dissolve parliament..."
Lessons from Iceland: The People Can Have the Power | Common Dreams
What a concept.
Big "D" Democracy.
Ask yourself what changes here if we get rid of hundreds of elected Republicans AND Democrats and the Chairman of the Federal Reserve? What changes if the US Constitution gets a rewrite?
What doesn't?
Birgitta Jonsdottir, an MP in the Icelandic Parliament, explains how the 99% in her country reacted to Wall Street's looting in 2008:
"We had the first revolution after the financial troubles in 2008.
"Due to a lack of transparency, corruption and nepotism, Iceland had the third largest financial meltdown in human history, and it shook us profoundly. The Icelandic people realized that everything we had put our trust in had failed us.
"One of the demands during the protests that followed and that resulted in getting rid of the government, the central bank manager and the head of the financial authority was that we would get to rewrite our constitution.
"'We' meaning the 99%, not the politicians who had failed us. Another demand was that we should have real democratic tools, such as being able to call directly for a national referendum and dissolve parliament..."
Lessons from Iceland: The People Can Have the Power | Common Dreams
What a concept.
Big "D" Democracy.
Ask yourself what changes here if we get rid of hundreds of elected Republicans AND Democrats and the Chairman of the Federal Reserve? What changes if the US Constitution gets a rewrite?
What doesn't?
skookerasbil
Platinum Member
s0n..........I guess you dont follow the news.................but let me bring you up to date, perhaps bringing some sobriety to your thinking...............
Now......I recognize that some just embrace being part of the perpetual losers club. If that is what you aspire to............GOD BLESS.
AND PS..........you really gotta stop posting up links from the uber-left website "Common Dreams". Get off your ass and do a bit more thorough search to find a link that doesnt scream out, "IM A k00k LEFTIST!!!!!!!!!"
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georgephillip
Diamond Member
Word from Iceland:
Stop being afraid of democracy!
"Many great things have occurred in Iceland since our days of shock in 2008. Our constitution has been rewritten by the people for the people. A constitution is such an important measure of what sort of society people want to live in. It is the social agreement. Once it is passed, our new constitution will bring more power to the people and give us proper tools to restrain those in power."
Lessons from Iceland: The People Can Have the Power | Common Dreams
Stop being afraid of democracy!
"Many great things have occurred in Iceland since our days of shock in 2008. Our constitution has been rewritten by the people for the people. A constitution is such an important measure of what sort of society people want to live in. It is the social agreement. Once it is passed, our new constitution will bring more power to the people and give us proper tools to restrain those in power."
Lessons from Iceland: The People Can Have the Power | Common Dreams
Liability
Locked Account.
Since the OWS movement has started, the conversation has shifted from the debt and deficit to JOBS and income inequality. Even the unctuous little twerp, Eric Cantor and the Budget Munster, Paul Ryan have been discussing income inequality. That can only be seen as a victory for the OWS movement.
Another victory for OWS comes from Bank of America who have decided NOT to charge people a ridiculous fee for using their debit cards.
Keep the pressure on!!!
THE OWS Shitter (bowel) Movement is not "working."
It can't.
It is a pointless childish group of malcontents who have no discernible ability to even articulate what would be their main premise.
Big Fitz
User Quit *****
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Wow... not just delusional... ******* delusional.
Chris, did you forget to refill your meds or something or do you think you're "all better".
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