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Author Topic: Wall St sips Champagne while watching protestors
CashCowMoo
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http://www.infowars.com/wall-street-sips-champagne-while-watching-protesters-vid eo/


Protestors seem peaceful so thats cool. I may not like the scrubby protestors, but they do have a right to be there. What made me a bit peeved was watching the way the people on the balcony with the wine look at them. Very snooty, very elitist for sure.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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buckstalker
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"Scrubby Protestors"????

Sounds like you would fit in perfectly with the elitist scum on the balcony...

--------------------
***********************

It's all in the timing...

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IWISHIHAD
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Looks like normal everyday casual wear to me, at least CA. style.

I am not sure i would be wearing a formal attire if i was protesting, of course each to his own style of trying to get a point across.


-

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CashCowMoo
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quote:
Originally posted by buckstalker:
"Scrubby Protestors"????

Sounds like you would fit in perfectly with the elitist scum on the balcony...

I probably would
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Upside
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CashCowAntoinette proclaims Let Them Eat Cake!
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Pagan
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quote:
Originally posted by CashCowMoo:
quote:
Originally posted by buckstalker:
"Scrubby Protestors"????

Sounds like you would fit in perfectly with the elitist scum on the balcony...

I probably would
Of course you would! Every party needs somebody to clean up the mess afterwards!!! [Big Grin]

--------------------
It is impossible to make anything foolproof because fools are so ingenious.

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CashCowMoo
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I'll take $50 an hour to clean up wine glasses and walk home drunk women no prob.

--------------------
It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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Pagan
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quote:
Originally posted by CashCowMoo:
I'll take $50 an hour to clean up wine glasses and walk home drunk women no prob.

I thought you already walked drunk women home for free every weekend? [BadOne]

--------------------
It is impossible to make anything foolproof because fools are so ingenious.

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CashCowMoo
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quote:
Originally posted by Pagan:
quote:
Originally posted by CashCowMoo:
I'll take $50 an hour to clean up wine glasses and walk home drunk women no prob.

I thought you already walked drunk women home for free every weekend? [BadOne]
EVERY weekend? Man, I would love to have that kind of average going on.


You know, with these protestors and looking at the videos and pictures I noticed a few things. First, apparently none of them have jobs because they plan on sleeping and trashing the area for months. Also, a lot of them all have Iphones and Ipods I see them with. Thats funny, big business made those things and apple trades highly on the markets. Isnt Apple the most valuable companies on wall st? More cash on hand than the US Gov? CEO is not a bad word either.

--------------------
It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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IWISHIHAD
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Originally Posted By CashCowMoo:

"You know, with these protestors and looking at the videos and pictures I noticed a few things. First, apparently none of them have jobs because they plan on sleeping and trashing the area for months. Also, a lot of them all have Iphones and Ipods I see them with. Thats funny, big business made those things and apple trades highly on the markets. Isnt Apple the most valuable companies on wall st? More cash on hand than the US Gov? CEO is not a bad word either."
_________________________________________________

You might be right, those protestors and many others (30-40%) of our workforce are all in the same situation... unemployed

Those men and women sipping their drinks in the balcony could soon be in the same situation if things don't turn around.

-

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CashCowMoo
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quote:
Originally posted by IWISHIHAD:
Looks like normal everyday casual wear to me, at least CA. style.

I am not sure i would be wearing a formal attire if i was protesting, of course each to his own style of trying to get a point across.


-

Well there are plenty of photos and video now to show them. They tried shutting down a bridge the other day. These people are interested in chaos. They are trying to spread it all across the country.

--------------------
It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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buckstalker
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quote:
Originally posted by CashCowMoo:
quote:
Originally posted by IWISHIHAD:
Looks like normal everyday casual wear to me, at least CA. style.

I am not sure i would be wearing a formal attire if i was protesting, of course each to his own style of trying to get a point across.


-

These people are interested in chaos. They are trying to spread it all across the country.
Good!!! I hope more people join the fight against pompous pricks like...well, you know

--------------------
***********************

It's all in the timing...

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glassman
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hey cash, you need to read the Constitution again.

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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quote:
Originally posted by CashCowMoo:
These people are interested in chaos. They are trying to spread it all across the country.

same thing could be said of the US Congress, and the Tparty...

in other words? it's everywhere, get used to it, it's gonna get worse 'fore it gets better

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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glassman
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Recently i heard someone ask Dave Ramsey if he should open an online trading account to build a stock portfolio.

His answer was NO! He is the very definition of fiscal conservatism. He may not agree with "protesting" on the streets, but he is surely protesting by telling his folllowers not to trade.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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CashCowMoo
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You dont see Tea Partiers saying crap like this, but since its Rosie and shes far left...she gets a pass.


Roseanne Barr: Behead Bankers, Rich Who Won't Give Up Wealth

http://www.realclearpolitics.com/video/2011/10/01/roseanne_barr_behead_bankers_r ich_who_wont_give_up_wealth.html


Meanwhile, lets keep calling Herman Cain an uncle tom, right? Big bad GOP!

--------------------
It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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who cares about rosie barr cash? i sure don't- and i surely am not going to waste my time clicking on that stupid video

in case you forgot? The Real Boston Tea Party was an extremely aggressive act aimed at a Corporation that had a special deal withe Crown of England. The east India Tea co. had a monopoly in tea trade.....

The Tea that disappeared that day,wherever it went was Private Property, and the people who made that tea disappear were dressed in costumes.

The TParty of Today is elected officials who are bonded very tightly to big biz.

The people that are marching on Wall St have much more in common withe real Boston Tea Partiers than the than the politicians in TParty have ever had.

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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glassman
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this guy isn't one of the "unwashed masses"

http://www.youtube.com/watch?v=CJgWdfZqDj0

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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T e x
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saw that. Pretty good.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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jordanreed
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not bad either

http://www.youtube.com/watch?v=gF1Ixo_faas&feature=related

--------------------
jordan

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raybond
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Memo To The Media: It’s Not ‘Anti-Capitalist’ To Protest An Industry That Was Saved By Trillions Of Taxpayer Dollars

By Zaid Jilani on Oct 4, 2011 at 11:45 am


One of the most popular demands at Occupy Wall Street is to get Big Money out of politics.
The occupation of Wall Street has now entered its third week and protests are spreading like wildfire throughout the country.

As the protests continue to grow, the media is increasingly taking notice. Yet many of these media outlets are insisting on referring to the protests as “anti-capitalist.” Here are just a few examples:


– The Washington Post: The leading paper wrote today that “New York’s budding anti-capitalism protest movement began last month with a vague sense of grievance over the widening gap between the rich and poor in America.” [10/3/11]

– Fox News: “Anti-Capitalist Protests Spread Across America” [10/3/11]

– The New York Daily News: In a photo slideshow published last week, the paper referred to the demonstrators as “anti-capitalist protesters” who were targeting “corporate greed.” [9/30/11]

– Mediaite: Mediaite referred to the Occupy Wall Street demonstrations as “vaguely left-wing, anti-capitalist protesters.” [10/01/11]

Even progressive outlets are referring to the protests as “anti-capitalist.”

This morning, Rep. Allen West (R-FL) advanced this meme. During an appearance on C-SPAN, West was asked about the protests. The congressman responded that it was wrong for the protesters to be saying they “hate capitalism” and that the United States would be “lost” without faith in the free market.

There are indeed some anti-capitalist protesters among the people at Occupy Wall Street, just as there are protesters who are against the death penalty, or want to combat climate change, or any number of other causes, which is the norm at most mass protests. Some of the protesters are even supporters of the ultra-capitalist Rep. Ron Paul (R-TX).

But the actual organizing principle of the demonstrations is to speak with moral clarity of the economic inequality of our current system. The purpose is not to attack capitalism but rather an industry whose wealth was guarded to the hilt by government intervention — backed up by trillons of dollars of taxpayer money through programs like the Troubled Asset Relief Program (TARP) and near-zero interest Federal Reserve lending — a form of government intervention that the banking industry received but millions of foreclosed on homeowners and debt-laden students did not get.

During a teach-in at Zucotti Park, the site of the occupation, Nobel Laureate Joseph Stiglitz explained that what Wall Street is practicing is “not capitalism.” “We are bearing the costs of their [bankers'] misdeeds,” he said. “There’s a system where we socialize losses and privatize gains. That’s not capitalism. That’s not a market economy. That’s a distorted economy, and if we continue with that, we won’t succeed in growing.”
One of the popular viral offshoots of the Occupy Wall Street movement has been the slogan “We Are The 99 Percent” — referring to an economic struggle between 99 percent of Americans and the super-rich 1 percent. Hundreds of Americans have contributed to the We Are The 99 Percent Tumblr. These Americans aren’t Marxist radicals nor are they anti-capitalist ideologues. They, like most Americans, are angry about being squeezed by an unjust economy wrecked in part by Wall Street’s misdeeds.

--------------------
Wise men learn more from fools than fools from the wise.

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T e x
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quote:
Originally posted by jordanreed:
not bad either

http://www.youtube.com/watch?v=gF1Ixo_faas&feature=related

yup, he was on it... that routine was off-putting to many people in its time. Now, they're starting to get it, too.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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raybond
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Top 5 Reasons Why The Occupy Wall Street Protests Embody Values Of The Real Boston Tea Party

By Lee Fang on Oct 3, 2011 at 7:30 pm


2011: Demonstrators stage civil disobedience protests against corporate control of America. 1773: Protester boards an East India Trading Company ship, dumps tea.
In recent years, the Boston Tea Party has been associated with a right-wing movement that supports policies favoring powerful corporations and the wealthy. As ThinkProgress has reported, lobbyists and Republican front groups have driven the current manifestation of the Tea Party to push for giveaways to oil companies and big businesses.

However, the Occupy Wall Street demonstrations picking up momentum across the country better embody the values of the original Boston Tea Party. In the late 18th century, the British government became deeply entwined with the interests of the East India Trading Company, a massive conglomerate that counted British aristocracy as shareholders. Americans, upset with a government that used the colonies to enrich the East India Trading Company, donned Native American costumes and boarded the ships belonging to the company and destroyed the company’s tea. In the last two weeks, as protesters have gathered from New York to Los Angeles to protest corporate domination over American politics, a true Tea Party movement may be brewing:


1.) The Original Boston Tea Party Was A Civil Disobedience Action Against A Private Corporation. In 1773, agitators blocked the importation of tea by East India Trading Company ships across the country. In Boston harbor, a band of protesters led by Samuel Adams boarded the corporation’s ships and dumped the tea into the harbor. No East India Trading Company employees were harmed, but the destruction of the company’s tea is estimated to be worth up to $2 million in today’s money. The Occupy Wall Street protests have targeted big banks like Goldman Sachs, Bank of America, as well as multinational corporations like GE with sit-ins and peaceful rallies.

2.) The Original Boston Tea Party Feared That Corporate Greed Would Destroy America. As Professor Benjamin Carp has argued, colonists perceived the East India Trading Company as a “fearsome monopolistic company that was going to rob them blind and pave the way maybe for their enslavement.” A popular pamphlet called The Alarm agitated for a revolt against the East India Trading Company by warning that the British corporation would devastate America just as it had devastated South Asian colonies: “Their Conduct in Asia, for some Years past, has given simple Proof, how little they regard the Laws of Nations, the Rights, Liberties, or Lives of Men. [...] And these not being sufficient to glut their Avarice, they have, by the most unparalleled Barbarities, Extortions, and Monopolies, stripped the miserable Inhabitants of their Property, and reduced whole Provinces to Indigence and Ruin.”

3.) The Original Boston Tea Party Believed Government Necessary To Protect Against Corporate Excess. Smithsonian historian Barbara Smith has noted that Samuel Adams believed that oppression could occur when governments are too weak. As Adams explained in a Boston newspaper, government should exist “to protect the people and promote their prosperity.” Patriots behind the Tea Party revolt believed “rough economic equality was necessary to maintaining liberty,” says Smith. Occupy Wall Street protesters demand a country that invests in education, infrastructure, and jobs.

4.) The Original Boston Tea Party Was Sparked By A Corporate Tax Cut For A British Corporation. The Tea Act, a law by the British Parliament exempting tea imported by the East India Trading Company from taxes and allowing the corporation to directly ship its tea to the colonies for sale, is credited with setting off the Boston Tea Party. The law was perceived as an effort by the British to bailout the East India Trading Company by shutting off competition from American shippers. George R.T. Hewes, one of the patriots who boarded the East India Trading Company ships and dumped the tea, told a biographer that the East India Trading Company had twisted the laws so “it was no longer the small vessels of private merchants, who went to vend tea for their own account in the ports of the colonies, but, on the contrary, ships of an enormous burthen, that transported immense quantities of this commodity.” Occupy Wall Street demands the end of corporate tax loopholes as well as the enactment of higher taxes on billionaires and millionaires.

5.) The Original Boston Tea Party Wanted A Stronger Democracy. There is a common misconception that the Boston Tea Party was simply a revolt against taxation. The truth is much more nuanced, and there were many factors behind the opposition to the East India Company and the British government. Although the colonists resented taxes levied by a distant British Parliament, in the years preceding the Tea Party, the Massachusetts colony had levied taxes several times to pay for local services. The issue at hand was representation and government accountable to the needs of the American people. Patrick Henry and other patriots organized the revolutionary effort by claiming that legitimate laws and taxes could only be passed by legislatures elected by Americans. According to historian Benjamin Carp, the protesters in Boston perceived that the British government’s actions were set by the East India Trading Company. “As Americans learned more about the provisions of the new East India Company laws, they realized that Parliament would sooner lend a hand to the Company than the colonies,” wrote Carp.

Progressive political movements, from Martin Luther King to Mahatma Gandhi, have drawn on the original American Boston Tea Party for inspiring civil disobedience against oppression. Indeed, the very first Boston Tea Party was truly radical and faced scorn from elites and conservatives of the era.

--------------------
Wise men learn more from fools than fools from the wise.

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CashCowMoo
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quote:
Originally posted by raybond:
Top 5 Reasons Why The Occupy Wall Street Protests Embody Values Of The Real Boston Tea Party

By Lee Fang on Oct 3, 2011 at 7:30 pm


2011: Demonstrators stage civil disobedience protests against corporate control of America. 1773: Protester boards an East India Trading Company ship, dumps tea.
In recent years, the Boston Tea Party has been associated with a right-wing movement that supports policies favoring powerful corporations and the wealthy. As ThinkProgress has reported, lobbyists and Republican front groups have driven the current manifestation of the Tea Party to push for giveaways to oil companies and big businesses.

However, the Occupy Wall Street demonstrations picking up momentum across the country better embody the values of the original Boston Tea Party. In the late 18th century, the British government became deeply entwined with the interests of the East India Trading Company, a massive conglomerate that counted British aristocracy as shareholders. Americans, upset with a government that used the colonies to enrich the East India Trading Company, donned Native American costumes and boarded the ships belonging to the company and destroyed the company’s tea. In the last two weeks, as protesters have gathered from New York to Los Angeles to protest corporate domination over American politics, a true Tea Party movement may be brewing:


1.) The Original Boston Tea Party Was A Civil Disobedience Action Against A Private Corporation. In 1773, agitators blocked the importation of tea by East India Trading Company ships across the country. In Boston harbor, a band of protesters led by Samuel Adams boarded the corporation’s ships and dumped the tea into the harbor. No East India Trading Company employees were harmed, but the destruction of the company’s tea is estimated to be worth up to $2 million in today’s money. The Occupy Wall Street protests have targeted big banks like Goldman Sachs, Bank of America, as well as multinational corporations like GE with sit-ins and peaceful rallies.

2.) The Original Boston Tea Party Feared That Corporate Greed Would Destroy America. As Professor Benjamin Carp has argued, colonists perceived the East India Trading Company as a “fearsome monopolistic company that was going to rob them blind and pave the way maybe for their enslavement.” A popular pamphlet called The Alarm agitated for a revolt against the East India Trading Company by warning that the British corporation would devastate America just as it had devastated South Asian colonies: “Their Conduct in Asia, for some Years past, has given simple Proof, how little they regard the Laws of Nations, the Rights, Liberties, or Lives of Men. [...] And these not being sufficient to glut their Avarice, they have, by the most unparalleled Barbarities, Extortions, and Monopolies, stripped the miserable Inhabitants of their Property, and reduced whole Provinces to Indigence and Ruin.”

3.) The Original Boston Tea Party Believed Government Necessary To Protect Against Corporate Excess. Smithsonian historian Barbara Smith has noted that Samuel Adams believed that oppression could occur when governments are too weak. As Adams explained in a Boston newspaper, government should exist “to protect the people and promote their prosperity.” Patriots behind the Tea Party revolt believed “rough economic equality was necessary to maintaining liberty,” says Smith. Occupy Wall Street protesters demand a country that invests in education, infrastructure, and jobs.

4.) The Original Boston Tea Party Was Sparked By A Corporate Tax Cut For A British Corporation. The Tea Act, a law by the British Parliament exempting tea imported by the East India Trading Company from taxes and allowing the corporation to directly ship its tea to the colonies for sale, is credited with setting off the Boston Tea Party. The law was perceived as an effort by the British to bailout the East India Trading Company by shutting off competition from American shippers. George R.T. Hewes, one of the patriots who boarded the East India Trading Company ships and dumped the tea, told a biographer that the East India Trading Company had twisted the laws so “it was no longer the small vessels of private merchants, who went to vend tea for their own account in the ports of the colonies, but, on the contrary, ships of an enormous burthen, that transported immense quantities of this commodity.” Occupy Wall Street demands the end of corporate tax loopholes as well as the enactment of higher taxes on billionaires and millionaires.

5.) The Original Boston Tea Party Wanted A Stronger Democracy. There is a common misconception that the Boston Tea Party was simply a revolt against taxation. The truth is much more nuanced, and there were many factors behind the opposition to the East India Company and the British government. Although the colonists resented taxes levied by a distant British Parliament, in the years preceding the Tea Party, the Massachusetts colony had levied taxes several times to pay for local services. The issue at hand was representation and government accountable to the needs of the American people. Patrick Henry and other patriots organized the revolutionary effort by claiming that legitimate laws and taxes could only be passed by legislatures elected by Americans. According to historian Benjamin Carp, the protesters in Boston perceived that the British government’s actions were set by the East India Trading Company. “As Americans learned more about the provisions of the new East India Company laws, they realized that Parliament would sooner lend a hand to the Company than the colonies,” wrote Carp.

Progressive political movements, from Martin Luther King to Mahatma Gandhi, have drawn on the original American Boston Tea Party for inspiring civil disobedience against oppression. Indeed, the very first Boston Tea Party was truly radical and faced scorn from elites and conservatives of the era.

Dont be surprised to begin seeing pockets of violence erupt sometime in the near future.
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T e x
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If this, so far, peaceful effort doesn't go anywhere? Don't be surprised by widespread violence.

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

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raybond
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From Boston To Wichita To Denver: Thousands Around The Country Join The 99 Percent Movement

By Guest Blogger on Oct 6, 2011 at 9:30 am



Over 1,000 activists gathered in Lower Manhattan on Sept. 17th for the “Occupy Wall Street” protest of a political and financial system that rewards the richest 1 percent at the expense of the other 99 percent. Since then, the protest has grown substantially with hundreads of people camped out every night in Zuccotti Park even in the face of police crackdowns.

Inspired by the activists in New York City, protests have sprung up in cities from Boston to Wichita to Denver, where thousands have gathered to join the 99 Percent Movement. Here’s a look at some of the protests that have happened so far:


Los Angeles: Almost 200 have gathered on the north lawn of the Los Angeles City Hall.

Chicago: Nearing their second week of action, the crowd of over 100 continues to grow. “99 percent of this country is disenfranchised and not being heard,” said protester Evelyn DeHais, “that is irresponsible and awful, but it can be changed and we can change it.”

Louisville: About 200 gathered for the inaugural action.

Wichita: Between 100 and 300 people showed up to the first action on Sunday. “We’re here to stand in solidarity together,” said protester Don Landis, a Vietnam veteran.

Hartford: Close to 100 people attended the first protest on Wednesday in Hartford’s Bushnell Park.

Anchorage: More than 65 people gathered in Anchorage on Wednesday. “Homelessness. Foreclosures, robo-signing of foreclosures,” said protester Brian MacMillan. “Child poverty or child hunger. The unemployment rate, one in 10 in America without a job. Jeez, what isn’t there to protest?”

Charlotte: Local protesters are planning a march on the local offices of Bank of America this Saturday. “I think we’ve got a growing movement,” said a local organizer, Tracey Myhalyk.

Lexington: Since it began on Thursday at least 100 people have gathered every day in Lexington, Kentucky.

Boston: An estimated 3,000 took the streets on Friday to kick off the Boston protest, with a core of 150 staying indefinitely in Boston’s Dewey Square Park. “This is your future at stake,” protester and Iraq War veteran Ryan Cahill said. “It’s not going to fix itself. I think that’s pretty clear.”

Seattle: A crowd of more than 200 protesters gathered in Seattle’s Westlake Park.

Philadelphia: At a standing-room-only planning meeting on Tuseday almost 1,000 activists packed into Arch Street United Methodist Church in Philadelphia. The meeting decided to kick off the protest outside of the Philadelphia City Hall on Tuesday morning.

Denver: More than 50 protesters marched in downtown Denver on Saturday. One protesters’ sign read, “they only call it class war when we fight back.”

Iowa City: About 100 locals met Wednseday night in Iowa City to plan a local protest. The group decided to begin the protest on Friday.

Miami: On Saturday between 100 and 200 protesters met at Bayfront Park in Miami.

Portland: An estimated 100 protesters braved the rain on Saturday to rally in Portland, Maine. “This underscores what’s valuable in a democratic society: At some point, the people need to stand up and say, ‘That’s enough.’” protester Matth Mitchell commented.

Dozens more protests are planned for the coming days. Make sure to check out all of ThinkProgress’s ongoing coverage of the 99 Percent Movement here.

– Karl Singer

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Wise men learn more from fools than fools from the wise.

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buckstalker
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quote:
Originally posted by T e x:
If this, so far, peaceful effort doesn't go anywhere? Don't be surprised by widespread violence.

The only thing that surprises me is that we have put up with as much chit as we have...

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***********************

It's all in the timing...

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CashCowMoo
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FACT CHECK: Obama’s claim on Republicans and jobs bill not entirely right

http://www.washingtonpost.com/business/markets/fact-check-obamas-claim-on-republ icans-and-jobs-bill-not-entirely-right/2011/10/07/gIQAhW86RL_story.html


Well of COURSE! He has been wrong since the get go on jobs and the economy. Somehow, people still have their head in the sand!

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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CashCowMoo
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quote:
Originally posted by Upside:
CashCowAntoinette proclaims Let Them Eat Cake!

AND the icing

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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raybond
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Facts You Need To Know About The Nation’s Biggest Banks

By Pat Garofalo on Oct 7, 2011 at 1:05 pm



The Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the country. The choice of Wall Street as the focal point for the protests — as even Federal Reserve Chairman Ben Bernanke said — makes sense due to the big bank malfeasance that led to the Great Recession.

While the Dodd-Frank financial reform law did a lot to ensure that a repeat of the 2008 financial crisis won’t occur — through regulation of derivatives, a new consumer protection agency, and new powers for the government to dismantle failing banks — the biggest banks still have a firm grip on the financial system, even more so than before the 2008 financial crisis. Here are eleven facts that you need to know about the nation’s biggest banks:


– Bank profits are highest since before the recession…: According to the Federal Deposit Insurance Corp., bank profits in the first quarter of this year were “the best for the industry since the $36.8 billion earned in the second quarter of 2007.” JP Morgan Chase is currently pulling in record profits.

– …even as the banks plan thousands of layoffs: Banks, including Bank of America, Barclays, Goldman Sachs, and Credit Suisse, are planning to lay off tens of thousands of workers.

– Banks make nearly one-third of total corporate profits: The financial sector accounts for about 30 percent of total corporate profits, which is actually down from before the financial crisis, when they made closer to 40 percent.

– Since 2008, the biggest banks have gotten bigger: Due to the failure of small competitors and mergers facilitated during the 2008 crisis, the nation’s biggest banks — including Bank of America, JP Morgan Chase, and Wells Fargo — are now bigger than they were pre-recession. Pre-crisis, the four biggest banks held 32 percent of total deposits; now they hold nearly 40 percent.

– The four biggest banks issue 50 percent of mortgages and 66 percent of credit cards: Bank of America, JP Morgan Chase, Wells Fargo and Citigroup issue one out of every two mortgages and nearly two out of every three credit cards in America.

– The 10 biggest banks hold 60 percent of bank assets: In the 1980s, the 10 biggest banks controlled 22 percent of total bank assets. Today, they control 60 percent.

– The six biggest banks hold assets equal to 63 percent of the country’s GDP: In 1995, the six biggest banks in the country held assets equal to about 17 percent of the country’s Gross Domestic Product. Now their assets equal 63 percent of GDP.

– The five biggest banks hold 95 percent of derivatives: Nearly the entire market in derivatives — the credit instruments that helped blow up some of the nation’s biggest banks as well as mega-insurer AIG — is dominated by just five firms: JP Morgan Chase, Goldman Sachs, Bank of America, Citibank, and Wells Fargo.

– Banks cost households nearly $20 trillion in wealth: Almost $20 trillion in wealth was destroyed by the Great Recession, and total family wealth is still down “$12.8 trillion (in 2011 dollars) from June 2007 — its last peak.”

– Big banks don’t lend to small businesses: The New Rules Project notes that the country’s 20 biggest banks “devote only 18 percent of their commercial loan portfolios to small business.”

– Big banks paid 5,000 bonuses of at least $1 million in 2008: According to the New York Attorney General’s office, “nine of the financial firms that were among the largest recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008.”

In the last few decades, regulations on the biggest banks have been systematically eliminated, while those banks engineered more and more ways to both rip off customers and turn ever-more complex trading instruments into ever-higher profits. It makes perfect sense, then, that a movement calling for an economy that works for everyone would center its efforts on an industry that exemplifies the opposite.

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Wise men learn more from fools than fools from the wise.

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CashCowMoo
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 -

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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CashCowMoo
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I told you all this is mostly made of dirty new age hippies, anarchists, and people who wouldnt be working even if the economy WAS good. Have you seen the interviews of these people? They are TRASHING the places they are at. The Tea Party never behaved like this at their rallies. The Tea Party was not so disorderly that they were arrested in the hundreds. Defacing the American flag, and Keith Olberman is hanging around? Give me a break. They dont represent 99% because me and everyone I know doesnt was them to claim us as part of their movement.

They are talking about KILLING the rich, and EATING them. Really? They want to make credit scores illegal too. That is one of their demands. Good grief.


http://www.dailymail.co.uk/news/article-2046586/Occupy-Wall-Street-Shocking-phot os-protester-defecating-POLICE-CAR.html

Stinking up Wall Street: Protesters accused of living in filth as shocking pictures show one demonstrator defecating on a POLICE CAR

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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Ace of Spades
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Actually, You're Wrong....This movement is made up of some real Smart-Motha-F**kas, from all Walks of life. I know I did my part...Ever since I got into trading in the early 2000's and learned the game(Big Picture, not just trading) I flooded Youtube, Google video, facebook ect, with this info....Others have as well. This is not going to be something small and short term.

There will be boycotts like Rosa Parks, Everyone is going to Credit Unions, Ect. The Chit hit the Fan!!!

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/14 /t/003923/p/1.html#000012

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/14 /t/006160/p/1.html#000005

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/14/t/004873/p/1.html?#000000

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/14 /t/004940/p/1.html#000000

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/14/t/005189/p/1.html?#000000

There are real people out there, That want to do Real things...I'm one of them...

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glassman
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Others have as well. This is not going to be something small and short term.

cash has been here for all of that too Ace, he still refuses to see what we've been trying to show him...

remember when they tried to tell us we were crazy to think naked shorting even existed? LOL. i still know people who deny it after they had to temporarily ban it...

it's kind of depressing how many people there are that are in denial...

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Don't envy the happiness of those who live in a fool's paradise.

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raybond
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Cash you know what you sound like? You sound just like the ruling British officials in America just before and through the revolution of our country.

Or the Roman ruling class discribing the Christians or anybody that wanted freedom from the Roman yoke.

Civil protest always does start with what you are calling the great unwashed. I have seen some interviews with the protestors and they know why they are there and they give there reasons they are not stupid people.

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Wise men learn more from fools than fools from the wise.

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