#OccupyWallstreet

[Nebor]

because their economy is based on energy. Its not some political win for republicans. Texas economy is doing well because of energy.

Good note. If anything it's doing well in spite of Republicans.

 

[Darwin333]

Their VaR as well as their tier I / II capital is in their 10K. Regulators would step if their risk capital wasn't adequate.

Lately it seems like the regulators are very late to step in. See MF and Lehman Bros, both were effectively bankrupt long before they admitted it or the regulators stepped in. Also see banks in which the FDIC did step in on and found their assets worth up to 50% less than they said partially because the banksters got accounting fraud legalized.

That is one of the problems.

 

[Patranus]

because their economy is based on energy. Its not some political win for republicans. Texas economy is doing well because of energy.

And which political party promotes energy independence?

Hell, Obama can't even decide if it would be good to create 100,000 jobs at ZERO cost to the taxpayer to promote bringing energy back to North America.

 

[JSt0rm]

And which political party promotes energy independence?

Hell, Obama can't even decide if it would be good to create 100,000 jobs at ZERO cost to the taxpayer to promote bringing energy back to North America.

would you shut up already. Nobody gives a fuck about you.

 

[Patranus]

would you shut up already. Nobody gives a fuck about you.

LOL.

 

[airdata]

would you shut up already. Nobody gives a fuck about you.

^
This

 

[palehorse]

would you shut up already. Nobody gives a fuck about you.

Interesting debate technique.



Would you care to remove your fingers from your ears long enough to address the two points he brought up in his post?

 

[jackstar7]

Interesting debate technique.



Would you care to remove your fingers from your ears long enough to address the two points he brought up in his post?

To be fair, he asked one question, and the answer is: neither of the main two.

The assertion he made was rather pointless due to the answer to the question.

 

[Darwin333]

Nutter source, therefore invalid.

NBC nightly news is a "nutter source"?

 

[Darwin333]

Pure hackery. What would lead any sane person to think that this wouldn't end badly, other than people making enormous sums off it?

http://www.nytimes.com/imagepages/2006/08/26/weekinreview/27leon_graph2.html

Somewhere around 2003 at the latest the notion that a mere 5% decline was the worst case scenario became an absurdity. It's not like income exploded along with home prices, at all, or that an enormous % of lending wasn't carried out on the basis of sub-sub prime standards under deceptive terms. Hell- price declines in the previous 2 lesser cycles exceeded 10%, without the explosive upwards impetus of "financial innovation".

I see 2 possible explanations.

1. The entire thing was a massive fraud (the criminal kind).

2. The leaders of all those mega financial corporations do not have an understanding of 4th grade math.

Anyone who disagrees, please put it in excel yourself and look at the chart and tell me they thought value would continue to increase. Use 7% a year increase in value and tell me what happens in 10 years, 20 years, 30 years..... Exactly who could have afforded a home at each of those timelines.

 

[Lithium381]

would you shut up already. Nobody gives a fuck about you.

"Your Honor, I rest my case."
/jst0rm


really? that's your response? why doesn't your messiah just do the right thing alreadY?

 

[Darwin333]

Hindsight is 20/20, very few people saw the correction coming and virtually no one saw the magnitude of it. Even Bob Shiller's forecasts didn't come near what ended up happening.

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
-Barney Frank, NYT, 2003

Make a very simple chart it in excel and tell me what you see.

Or perhaps none of the people running the biggest financial corporations the world has ever seen have never heard of exponents?

 

[Darwin333]

And which political party promotes energy independence?

Neither.

 

[Darwin333]

Seems the author is like other liberals in this thread who want to imagine what it's about and seem to openly ignore the signs, statements and rhetoric of the protesters about how it isn't "fair" that people make so much money.



Right, he's ignoring all the cries to forgive student loans which have been there from the very beginning. Nothing more than another liberal who wants to romanticize the protesters and project his beliefs onto them, all the while ignoring the violence, rapes, signs, statements and actions of the protesters themselves.

Libtard article thoroughly dismissed.



That is patently false unless the Zucotti protesters are in the 1% of income wage earners.

http://www.tennessean.com/article/2...mon-ground?odyssey=tab|topnews|text|FRONTPAGE

It really is as bad as you thought. Your own kind are starting to jump ship and see it for what it really is (not what you want it to be).

This must be a very frightening time for you.

 

[Jhhnn]

Hindsight is 20/20, very few people saw the correction coming and virtually no one saw the magnitude of it. Even Bob Shiller's forecasts didn't come near what ended up happening.

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
-Barney Frank, NYT, 2003

Quoting Frank from 2003 is dishonest. The GSE's weren't in trouble at that point, anyway, and I'm not here to defend a politician who acted as an advocate for low income borrowers.

Nobody saw it coming? Hogwash. JPMC got out of the racket early, proceeded to bet against it, as did GS later on. And there was the whole Magnetar deal, as well. Vast fortunes changed hands on the basis of derivatives, so clearly the winners had it figured out. It's a zero sum game, after all.

Dude I gave you a table full of numbers.

Here's CDS they own:
bought $116.6B
wrote $12.3B
$128.9

Here's CDS owe:
Bought $11.6B
Wrote $111.9B
$123.5

Net $5.4B CDS asset (money coming in)

So, uhh are your trying to say that those raw numbers mean much? I certainly hope not. We'd need to know the specific bets to understand BOA's exposure to risk. It's not like they can sell protection against Greek govt default and balance it buying protection against German govt default...

Nice attempted snow job, however.

 

[Darwin333]

You mean like democrats in congress doing the same thing? Why are you and other folks not protesting the democrats who had control of congress from 2006-2010 that enabled this?

I'll give you a hint as to why. Because it's a far left movement pushed by the left and this administration to deflect any outrage at them and direct it to "those fat cats on wall street" to use the term this failed president has been using since before his election.

You're being played. When you've got all the far left radical groups coming out to support you that means only one thing - your message is so far radical left they actually agree with you.

Does that mean you can't actually refute anything in the article?

Don't you guys get all pissy when someone outright rejects something yall post because it came from Foxnews?

Shrug, no one is going to change your mind because you are certifiably batshit crazy. I admit that it is kind of amusing seeing the sheer terror that people exercising their Constitutional rights causes you.

 

[spidey07]

Does that mean you can't actually refute anything in the article?

Don't you guys get all pissy when someone outright rejects something yall post because it came from Foxnews?

Shrug, no one is going to change your mind because you are certifiably batshit crazy. I admit that it is kind of amusing seeing the sheer terror that people exercising their Constitutional rights causes you.

What they are suggesting and pushing should scare the shit out of all Americans. I've got no problem with legal protests, I've got a big problem with all the law breaking, disrespecting private property RIGHTS and more importantly their message and "solutions".

 

[spidey07]

NBC nightly news is a "nutter source"?

Bowfinger has continued to call Associated Press nutter sources, so we can include NBC in there as well proving how removed from reality he really is.

 

[CADsortaGUY]

Excellent read! Thank you. I think Taibbi did a great job of summing things up. No matter how much the nutter bubble feeds its sheep duhversions and fringe issues, I WISH OWS was first and foremost about corruption.

FTFY.... again...

 

[Jhhnn]

You mean like democrats in congress doing the same thing? Why are you and other folks not protesting the democrats who had control of congress from 2006-2010 that enabled this?

I'll give you a hint as to why. Because it's a far left movement pushed by the left and this administration to deflect any outrage at them and direct it to "those fat cats on wall street" to use the term this failed president has been using since before his election.

You're being played. When you've got all the far left radical groups coming out to support you that means only one thing - your message is so far radical left they actually agree with you.

Standard willful blindness from Spidey. By the time of the 2006 election, the pooch had already been screwed, which is why Dems won. And there wasn't a helluva lot they could really accomplish with Repubs maintaining a blocking position in the Senate and a veto in the Whitehouse. Their foot was nailed to the floor, and it's not like htey resorted to the kind of obstruction & extortion we've seen from their Repub counterparts, either.

And I really love the whole paranoid rant about a vast Leftist conspiracy, particularly his usual about Obama being some sort of leftist. If he actually was, his base would be a lot happier with him, and the country as a whole, not just the financial elite Spidey worships, would be a lot better off.

How far Left is it to create a healthcare system where everybody has to pay big business to have it?

What kind of Leftist would propose that the top 2% of earners pay the same taxes they paid during the Clinton years, and a helluva lot lower rates than they paid in the decades pre-Reagan?

What kind of Leftist maintains the Patriot Act & the shame that is Gitmo?

What kind of Leftist increases the military effort in Afghanistan, maintains the same wrong headed policy towards Iran, backs off when the Israeli tail wags the American dog?

What kind of Leftist follows through with the biggest ever bailout of the financial sector begun by his predecessor, and demands virtually nothing in return?

Spidey & Co have no idea what real Leftists even look like or what kind of policy they'd advocate. What we have in this country is the rabid Repub reactionary right, and Repub lite from Dems... there is no credible Left in this country, although one may well emerge if Repubs have it all their own way.

 

[michal1980]

Excellent read! Thank you. I think Taibbi did a great job of summing things up. No matter how much the nutter bubble feeds its sheep duhversions and fringe issues, OWS is first and foremost about corruption.

Reading Rolling Stone is like listening to Rush Limbaugh. You know what you are going to get.

to claim they are any better is to just be a blind partasin.

 

[dwell]

Another sexual assault at OWS:

http://occupywallst.org/article/transforming-harm-building-safety/

On the morning of October 29, a woman participating in OWS was sexually assaulted at Liberty Square. The person who she identified as having assaulted her was arrested on November 1 for a previous assault and is currently incarcerated.
...
We are aware that this is one of several known cases of sexual assault that have occurred at OWS. We are dismayed by these appalling acts and distressed by the fear among many Occupiers that they have caused, as well as their negative impact on our ability to safely participate in public protests. We have the right to participate in peaceful protests without fear of violence.

Uh, then don't entice a bunch of young, naive girls to sleep overnight in a tent in a shady Manhattan park, for fuck's sake.

 

[Bowfinger]

Bowfinger has continued to call Associated Press nutter sources, so we can include NBC in there as well proving how removed from reality he really is.

You're lying again.

 

[Bowfinger]

FTFY.... again...

Hmm. What a quandary. Do I believe people with first hand information, or do I listen to someone from the lunatic fringe who's so arrogant that he regularly insists he can essentially read people's minds and tell us what they're really thinking, even when they say something very different? Knowledge or nutter, what to do? I think I'll take Door #1, thank you very much.

You and Spidey can continue to wallow in your paranoid delusions. Meanwhile, OWS is gaining ever more popular support. If they can keep their own fringe under control and keep their energy up over the winter, they might just take this thing all the way. Only time will tell.

 

[Bowfinger]

Reading Rolling Stone is like listening to Rush Limbaugh. You know what you are going to get.

to claim they are any better is to just be a blind partasin.

You're funny. A bit dim, to be sure, but funny. I made no claim about Rolling Stone generally, I'm not a regular reader, and I certainly don't give a tinker's damn what a true blind partisan like you thinks of it. My comment addressed Taibbi's article. It was right on the money (no pun intended).