Posted on 12/09/2011 8:15:47 PM PST by neverdem
Subprime loans, at the heart of the housing bubble, were foisted upon us by Andrew Cuomo and the bent one, and they are a big reason for the Great Recession.
Too big to fail banks compensated by securitizing those loans into complex derivatives that were supposed to diversify risk, but they couldn't be easily assessed for value.
The rats were the biggest recipients from Wall Street banks. Why do you think we still have banks that are too big to fail?
but so far it has failed to become the politically potent force that the tea party was
Maybe they should try again only using responsible, hard working people this time around.
“Occupy Wall Street has not established itself as a working-class or middle-class political movement of average Americans frustrated by government’s failures.”
It never will. The movement doesn’t see government as the problem. It’s big corporations that are the whole problem.
For those whose jobs suffered from the economy, how about What Did You Do With Our Occupations?
While Republicans can breathe a sigh of relief that the Occupy movement has not succeeded in appealing to working-class and middle-class swing voters
Uh what? I think I speak for many when the only thing that came to my mind was incredulity that law enforcement allowed these guys to break the law for so long. I don't think those protestors could organize a phone call....at least not without that annoying echo of the human mic. Bwahaha.
I just heard today that Obama’s Occupy thugs in cooperation with the longshoreman’s union are going to shut down the ports on the Left Coast on Monday. Don’t know how strong the rumor is but that is what I am hearing.
Great movie. The only thing missing is Barney Frank and Chris Dodd.
I have it in my Netflix cue for the reason that Rush talked about, but I keep pushing it back because Kevin Spacey is in it. He turns me off for his Left wing BS anymore. The concept of the film thought is interesting to me.
I know what you mean about politics. My family can’t generally get me to movies, because there is some bozo like Danny Glover, or Baldwin, etc. Margin Call did not have any politics, far as I could tell. That’s what made it so good. Hollywood could learn a thing or twenty from it. Doubt they will.
Thanks for the tip. I just moved the movie back up on your recommendation. I will be interested to see what that is about.
Many of those subprime loans were bundled and sold to third parties with no requirement that the originating financial institution had to keep at least some skin in the game. Thus you had companies, I think Goldman Sachs was one, promoting the sale of these instruments, while at the same time “voting” against them through short selling.
A major problem for the Occupy people is that they try to be “superdemocratic” by not having an established controlling leadership, but try to work by concensus.
I don’t know what the current situation is with regard to the West Coast longshoreman’s union, but years ago if I remember correctly the Communist Gus Hall had considerable power. The Occupy movement better watch it’s step that it doesn’t get completely co-opted.
My father was on the New York Port Council in the late 1940s and fighting to keep the Communists from taking power in his Insurance Workers Union. For years I hardly ever saw him and we lived pretty poor because instead of selling insurance, he was putting so much time and energy into his political/union activities to block the Communists.
I hope Charlotte is a repeat of 1968! The liberals and leftists in Charlotte deserve to experience the fever in Parasite Nation they have built and fostered.
I shall enjpy watching Charlotte be trashed and burned while the media spins it as unhappy people unable to have their voice heard.
The politboro elite inside their enclave shall wonder and fret “why are these people doing this, we are trying to make their lives better under socialism?”
Burn Baby Burn!!!!
Thats the Common wisdom,but I believe OWS is Obama and his People,They will Not cause him Trouble,the Real whackos,true believers, the Hangers on will be controlled by the Union thugs, SEIU,Nation of Islam and that bunch.
The real Mess will be at the Republican Convention,you Know the Party of the RICH,Dont forget the Template,the whole focus of the Strategy.
All of those cockroaches will be back on the streets come the spring weather....and by summer they will be rioting as a run-up to the Nov elections.
OWS was nothing more than a whine-in, a collective wallow in victimhood.
For liberals, victimhood is like a drug. The gatherings had their own psychological fulfillment for participants, and the media glow sustained the rush.
It had no political purpose, it didn’t need one.
I’ve long suspected that the OWS rabble is Obama’s “civilian army”, and that when the time is right (when it looks clear that Obama will lose re-election) they will be turned loose across the country, to disrupt polling places, and create the scenario Democrats will use to manufacture votes and steal the election.
And those folks will be inside the Charlotte convention hall. They are the delegates.
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