Occupy Wall Street - Have I Missed a Thread?

Canon EF-S 18-55mm f/3.5-5.6 USM

10/20/2011 07:24:25 PM · #102

Originally posted by tnun:

So the OWS, in the angryman's opinion, should get a job that pays better? Or they should storm the citadel with greater demands?

...he actually wants more pepperoni doesn't he? :O)

Ray

Strikeslip

Canon EOS-5D

Canon EF 100-400mm f/4.5-5.6L IS

10/20/2011 07:44:56 PM · #103

Originally posted by Spork99:

"If you bust your ass and only get one pepperoni off the pizza, you're a f***ing idiot."

You are possibly my doppelganger.

GeneralE

Canon PowerShot S3 IS

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

10/20/2011 07:58:05 PM · #104

I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Strikeslip

Canon EOS-5D

Canon EF 100-400mm f/4.5-5.6L IS

10/20/2011 08:11:10 PM · #105

Originally posted by GeneralE:

I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Yeah, really! Why should the dummies profit as much as the smarties? Screw them!

10/21/2011 06:03:25 AM · #106

Originally posted by Strikeslip:

Originally posted by GeneralE:
I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Yeah, really! Why should the dummies profit as much as the smarties? Screw them!

and there in lies the problem we have today, our government tried to make it so.

10/21/2011 09:06:46 AM · #107

Originally posted by mike_311:

Originally posted by Strikeslip:

Originally posted by GeneralE:
I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Yeah, really! Why should the dummies profit as much as the smarties? Screw them!

and there in lies the problem we have today, our government tried to make it so.

As if.

10/21/2011 09:33:06 AM · #108

Originally posted by Spork99:

Originally posted by mike_311:

Originally posted by Strikeslip:

Originally posted by GeneralE:
I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Yeah, really! Why should the dummies profit as much as the smarties? Screw them!

and there in lies the problem we have today, our government tried to make it so.

As if.

you are right, they are still trying to make it so.

10/21/2011 10:08:52 AM · #109

Originally posted by mike_311:

Originally posted by Spork99:

Originally posted by mike_311:

Originally posted by Strikeslip:

Originally posted by GeneralE:
I love how some people seem to think that Capitalism is a system in which everyone can be rich. :-(

Yeah, really! Why should the dummies profit as much as the smarties? Screw them!

and there in lies the problem we have today, our government tried to make it so.

As if.

you are right, they are still trying to make it so.

No they aren't. The people who make up government are plenty happy getting their "donations" from corporations and the wealthy. The corporations are happy "people" when they make billions and pay no taxes. Average people just don't matter.

10/21/2011 10:26:58 AM · #110

i dont know, I'm average happy and i dont care how rich the rich get, my problem is with government spending what they dont have and then saying hey we need to raise taxes to pay for all these government programs and pensions.

10/21/2011 10:34:07 AM · #111

Originally posted by mike_311:

I used to be average happy...maybe above average happy...then the government and the banks tanked the economy and screwed us all...well, except the corporations and the rich...they just got richer. Something is wrong when you can fuck up one of the world's biggest economies, hurting tens millions of people and you get record rewards.

10/21/2011 10:39:35 AM · #112

how did the banks screw us all?

10/21/2011 10:49:57 AM · #113

Taking $400,000,000,000.00 from the government to save their industry from the collapse they played a huge role in creating, in exchange promising, through a variety of means, to help average people caught up in the mess. Then, using that money to pay record bonuses and raises to the same execs and CEO's that made the mess in the first place and doing very little to help average folks.

I dunno about you, but if I screwed up at work on that scale, I'd be packing my desk, not getting a huge payday out of it.

Message edited by author 2011-10-21 11:02:26.

Canon EF-S 18-55mm f/3.5-5.6

10/21/2011 11:16:18 AM · #114

I'd like to know this too? The housing market is what tumbled the economy. How many of us bought homes prior to crash and used it as piggy bank. Refinancing every year or two and sucking out all the equity out of the home on top of maxing out all our credit cards, having two and three or more cars in the drive way and replacing them every year or two. How many of us got into more house then we could afford by interest only loans and then when the balloon balance came up the real payment was to high to afford. I'm not saying some banks/ mostly pop up mortgage lenders didn't do some bad loans. They gave us a product and means to get a product we wanted. They didn't twist our arm to abuse it. The government had no over sight of the industry for 8 to 10 years prior to the crash. We the people need to take some blame here. We seem to want to live outside our means and when the economy went side ways we blame everyone but ourselves. The government bail out money came after all of the above.

Originally posted by mike_311:

how did the banks screw us all?

Message edited by author 2011-10-21 11:20:08.

o2bskating

Canon EOS-350D Rebel XT

10/21/2011 11:28:23 AM · #115

government never should have allowed no doc, or stated income loans. it's ridiculous that you can make up a number and they go with it. you could do the same thing with credit card companies at that time too just say I'm self employed and they said how much do u make, and they didn't verify. also when i was doing mortgages i could call my appraiser and tell him this house has to be worth this much for this loan to work, he would then appraise it for that much. that's where things got screwed up, and that is the bank's fault not the consumer's fault. banks need to be regulated obviously they can't do it on their own.

10/21/2011 11:30:00 AM · #116

Originally posted by ace flyman:

And the banks aren't involved in the housing market? I suppose those mortgage backed securities and other shoddy derivitaves were the idea of some average guy in Skokie, maybe a plumber. And the banks weren't supposed to check that the people they were loaning to were the real deal? Of course, Citibank (at the time, the biggest mortgage lender in the nation, hardly some "pop up" mortgage shop), B of A and all the other banks getting sued for fraud are blameless too.

It's like blaming a rape victim for wearing a miniskirt.

10/21/2011 12:03:58 PM · #117

Spork99 have you every heard of the secondary market? Finance company, pop investment mortgage companies sell there loans to the large banks.

Originally posted by o2bskating:

10/21/2011 12:10:52 PM · #118

Originally posted by Spork99:

so i guess when the banks paid it all back, early, they screwed us even more?

Message edited by author 2011-10-21 12:10:58.

10/21/2011 12:20:54 PM · #119

Originally posted by mike_311:

Originally posted by Spork99:
Taking $400,000,000,000.00 from the government to save their industry from the collapse they played a huge role in creating, in exchange promising, through a variety of means, to help average people caught up in the mess. Then, using that money to pay record bonuses and raises to the same execs and CEO's that made the mess in the first place and doing very little to help average folks.

I dunno about you, but if I screwed up at work on that scale, I'd be packing my desk, not getting a huge payday out of it.

so i guess when the banks paid it all back, early, they screwed us even more?

No, when they made the mess they screwed us...when they didn't use the money to help the average person as they were supposed to they screwed us.

Canon EF-S 18-55mm f/3.5-5.6

10/21/2011 12:30:05 PM · #120

Originally posted by ace flyman:

Totally agree. No over sight by the government. Banks took advantage of it. But the people who lied on those applications. Inflated there income, time on the job. Abused the system. Shouldn't take some blame in this too? Banks make loans based on your prior credit along with income and stability factors. People have bad character too. It's continuing as we speak. How many of us out there are doing loan modifications not because they can't afford the payment. (by the way it's a great program for people who are in financial stress do to loss of jobs/income). There pride tells them why should I pay on a house that's not worth what my contract that they signed. A home was never a short term stock, it's a long term investment. The government/Banks are no different then some of the people who are committing fraud. What I'm saying, look in the mirror. Are some of the people no worse then what the Banks & Government did? We need to take some of the blame too.

Spork99 have you every heard of the secondary market? Finance company, pop investment mortgage companies sell there loans to the large banks.

Originally posted by o2bskating:
government never should have allowed no doc, or stated income loans. it's ridiculous that you can make up a number and they go with it. you could do the same thing with credit card companies at that time too just say I'm self employed and they said how much do u make, and they didn't verify. also when i was doing mortgages i could call my appraiser and tell him this house has to be worth this much for this loan to work, he would then appraise it for that much. that's where things got screwed up, and that is the bank's fault not the consumer's fault. banks need to be regulated obviously they can't do it on their own.

You act as if this whole mess is only affecting the people who inflated their income or lived beyond their means, sucked every last bit of equity out of their house to buy toys. That's just plain bullshit.

It affects people who didn't do those things, lost their jobs, homes, savings and everything...while the banks and corporations make record profits and record campaign donations.

I know...let them eat cake, right?

o2bskating

Canon EOS-350D Rebel XT

10/21/2011 12:31:18 PM · #121

Originally posted by ace flyman:

lets see if the bank is going to lie about the value of the house y shouldn't we lie about our income being as the banks get away with it. so far as who's fault it is i'm stickin to the banks fault they taught us to lie then they outsourced all the credit card call centers putting lets see ALL OF DELAWARE out of work then they bitch when ppl don't pay them when it is their fault they don't have jobs. whatever the cheap bastards should never have been bailed out. we don't get bailed out.

oh and just so you know my trailer was bought and paid for so was my truck and because of the banks doing this crap i lost my business. i had a cleaning company in delaware but lost all of my customers when the banks screwed up. because of that i lost everything i owned and i never lied about a damn thing!

Message edited by author 2011-10-21 12:36:41.

Canon EF-S 18-55mm f/3.5-5.6

10/21/2011 12:50:48 PM · #122

Spork99 In no way. I'm just as pissed as the next guy. I'm one of those very conservative people. I haven't refinanced my house since 1998. I drive a 1999 Olds. I've come from a very poor single parent family and work my ass off for 40 years. Holding two jobs at times, went to school at night to better myself. All with having real bad health. I could had retired in 5 years. So don't give that shit that I'm so much better. There always rotten apples on a tree. As a group to blame other groups as in government & banks and not take some blame is crazy.

o2bskating

Canon EOS-350D Rebel XT

10/21/2011 01:04:20 PM · #123

Originally posted by ace flyman:

[user]o2baskating[/user] Sorry....If my best friend goes to robbed a store, I should too. I was raised with old school values and integrity. Just because the other guy/business lies it's OK...Give me a break.

Spork99 In no way. I'm just as pissed as the next guy. I'm one of those very conservative people. I haven't refinanced my house since 1998. I drive a 1999 Olds. I've come from a very poor single parent family and work my ass off for 40 years. Holding two jobs at times, went to school at night to better myself. All with having real bad health. I could had retired in 5 years. So don't give that shit that I'm so much better. There always rotten apples on a tree. As a group to blame other groups as in government & banks and not take some blame is crazy.

you can only say that because you were in your protected world. the rest of us want the banks to get what they deserve. and i never lied about anything in my life but welcome to the digital age your integrity don't get you shit here.

10/21/2011 01:28:04 PM · #124

It's a shame parts of our society has gone that way. But I can sleep at night knowing I still have mine. Protected world...hmmmm. Again sorry about the bad apple example. I'm speaking as a consumer not a banker. As a banker our company employees/management all took a 10% cut in pay, all bonuses all the way to the top stopped instead of mass layoffs. We paid the government back with in the year plus interest. We didn't fall into the games the other institutions did in the lending world. We are the 2nd strongest bank in the states. Our stock stayed steady and true through out the crash. Because of how we do business. Again, there are rotten apples on any tree. Do I feel fortunate to be employed HELL YES. Protected HELL NO.

It's crappy anyway you look at it. I see the glass half full and half empty....Thanks for letting me have my opinion. Carry on.

Message edited by author 2011-10-21 13:31:38.