Occupy Wall Street: the hidden meaning behind protests

chickaree wrote: The game has become more about who you know than what you know. Does anyone left or right deny that? Yes, the game is rigged. Most CEOs today didn't work their way up from the bottom ranks of the company like they did in our parents day.

I'm not opposed to some of the "demands" and/or points that OWS have brought to the fore. But I'm not at all impressed with the Occupy movement or it's methods. And history speaks volumes to the revolution/new government/politician-wealthy-cronies/uprise cycle. The people with the power and money will always survive these cycles, and the results is status quo again. Pessimistic... yes... I take care of myself and stay on my own "grid" trying to hurt no one and be of personal help when I can. But I don't see much reason the expect much of anything from any side of the political spectrum.

LadyJazzer wrote: And we KNOW that EVERYONE whose mortgage is underwater bought their home at the top of the bubble; bought it in the last 8 years; bought it sub-prime; and bought more than they could afford... It goes without saying... :Whistle

No sweetheart... the whole system is broken... and your side nor my side is about to fix it. Get off your partisan bandwagon or else you're going to go down with the ship.

The Liberals GOP Twin wrote:

LadyJazzer wrote: And we KNOW that EVERYONE whose mortgage is underwater bought their home at the top of the bubble; bought it in the last 8 years; bought it sub-prime; and bought more than they could afford... It goes without saying... :Whistle

No sweetheart... the whole system is broken... and your side nor my side is about to fix it. Get off your partisan bandwagon or else you're going to go down with the ship.

:thumbsup: Both the (R's) & the (D's) were supporting home ownership and Fannie Mae & Freddie Mac. Imagine how many less loans would have been approved is these goverment bodies weren't buying and eliminating the risks of writing bad paper? And holding the interest rates at artificial lows?

But you keep blaming those evil corporations, bankers and Republicans for all the ills in the world.

Yes, I blame MUCH (but not all) of it on the bankers and corporations that put the hard-sell on people and realized that they could make more by churning the market, getting people to not only buy homes at artificially cheap rates, but also convince homeowners who were okay with their mortgages to refinance and treat their homes as "The National Bank of YOU", and pull out money against equity for home improvements, kids education, vacations, toys, etc., and minimize the risk involved....And THEN package up the garbage into nice neat bundles of (falsely) securitized loans that they KNEW were bad, and then do credit-default swaps behind the scenes to make money on it when it failed, while pushing it on to their investors when they knew they were "crap investments.".... You bet your ass I blame most of it on the slimebags at the corporations and the bankers who knew what they were doing.

And, gee, it would be nice if every homeowner and potential home-buyer was as smart as you and could see beyind the sales-hype to what was surely a bad decision... But then, not everyone is as prescient as you... (That's a "collective" you...not a specific "you"...) Some should have known better...But you can take "They ALL should have know better" and shove it.

LadyJazzer wrote: Yes, I blame MUCH (but not all) of it on the bankers and corporations that put the hard-sell on people and realized that they could make more by churning the market, getting people to not only buy homes at artificially cheap rates, but also convince homeowners who were okay with their mortgages to refinance and treat their homes as "The National Bank of YOU", and pull out money against equity for home improvements, kids education, vacations, toys, etc., and minimize the risk involved....And THEN package up the garbage into nice neat bundles of (falsely) securitized loans that they KNEW were bad, and then do credit-default swaps behind the scenes to make money on it when it failed, while pushing it on to their investors when they knew they were "crap investments.".... You bet your ass I blame most of it on the slimebags at the corporations and the bankers who knew what they were doing.

And, gee, it would be nice if every homeowner and potential home-buyer was as smart as you and could see beyind the sales-hype to what was surely a bad decision... But then, not everyone is as prescient as you... (That's a "collective" you...not a specific "you"...) Some should have known better...But you can take "They ALL should have know better" and shove it.

No problem. Keep sucking at your partisan teat.

LadyJazzer wrote: Yes, I blame MUCH (but not all) of it on the bankers and corporations that put the hard-sell on people and realized that they could make more by churning the market, getting people to not only buy homes at artificially cheap rates, but also convince homeowners who were okay with their mortgages to refinance and treat their homes as "The National Bank of YOU", and pull out money against equity for home improvements, kids education, vacations, toys, etc., and minimize the risk involved....And THEN package up the garbage into nice neat bundles of (falsely) securitized loans that they KNEW were bad, and then do credit-default swaps behind the scenes to make money on it when it failed, while pushing it on to their investors when they knew they were "crap investments.".... You bet your ass I blame most of it on the slimebags at the corporations and the bankers who knew what they were doing.

And, gee, it would be nice if every homeowner and potential home-buyer was as smart as you and could see beyind the sales-hype to what was surely a bad decision... But then, not everyone is as prescient as you... (That's a "collective" you...not a specific "you"...) Some should have known better...But you can take "They ALL should have know better" and shove it.

The ones churning the market were the politically connected and appointed board members of the general government GSEs - you know, the ones who got seats on the boards as a reward for a job well done from an outgoing president and engaged in shady financial accounting to make sure they padded their bonuses? Don't get me wrong, I fully acknowledge that the folks in the financial industry, outside of the private and federally chartered GSEs who bought, packaged and resold garbage labeled as assets with a nod and a wink towards their implicit federal guarantees of the garbage they were selling while flooding the financial sector with their toxic brew, took advantage far beyond what was reasonable, but who isn't interested in investing money when there is absolutely no way they could possibly lose their investment regardless of what happened?