Occupy Wall Street for what?
Original post made by Occupy Wallstreet on Jan 9, 2012
Pleasanton Weekly readers in general comment that the occupy movement are left wing liberal homeless etc.
Republicans are heavily funded by Wall Street and generally for big business.
Unregulated for ten years under the GOP administration, here is part of the damage and we the taxpayors bailed out Wall Street.
Complaints have been filed against the following lead defendants, in alphabetical order:
1. Ally Financial Inc. f/k/a GMAC, LLC $6 billion
2. Bank of America Corporation $6 billion
3. Barclays Bank PLC $4.9 billion
... 4. Citigroup, Inc. $3.5 billion
5. Countrywide Financial Corporation -$26.6 billion
6. Credit Suisse Holdings (USA), Inc. $14.1 billion
7. Deutsche Bank AG $14.2 billion
8. First Horizon National Corporation $883 million
9. General Electric Company $549 million
10. Goldman Sachs & Co. $11.1 billion
11. HSBC North America Holdings, Inc. $6.2 billion
12. JPMorgan Chase & Co. $33 billion
13. Merrill Lynch & Co. / First Franklin Financial Corp. $24.8 billion
14. Morgan Stanley $10.6 billion
15. Nomura Holding America Inc. $2 billion
16. The Royal Bank of Scotland Group PLC $30.4 billion
17. Société Générale $1.3 billionSee More
Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing & billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve...
on Jan 9, 2012 at 9:45 pm
Then we get this kind of response from these same people- Web Link
What are people protecting with their criticism and insults towards those who are following the Occupy Movement? Themselves? Or are they simply waiting for others to do the work to end this kind of waste that has destroyed our economy.
on Jan 9, 2012 at 9:53 pm
This is so tiresome. This is a really serious subject. If we just use is as an excuse to prop up or bash Democrats or Republicans, nothing will change.
on Jan 10, 2012 at 7:23 am
To wholly blame the financial sector is to be completely ignorant as to who is making the rules.
Maybe you should review the basics of lobbying by all special interests:
Lobby "A" (lets say the financial lobby, but you can pick any) meets with its favorite politicians and discusses the need for regulation or rescinding existing regulation. Politician "A" plays coy and makes a nit about the request.
Not being able to persuade politician "A" with the logic of it's position, lobby "A" then decides to make a "contribution" to politician "A" and VOILA!, he decides that yes, the regulation needs to be created or rescinded.
Nothing I described above is patently illegal but it most definitely is unethical as well as morally reprehensible. The Lobby is playing the game that the politician has dictated: PAY FOR PLAY.
Bottom line: The buck stops at our politicians, Democrat and Republican, and NOT with the special interests. They're doing what they have to do and our politicians are allowing it. To think otherwise is ridiculous.