October 15, 201114 yr For those that had a problem with the "racist Tea Party", I offer this little gem from one of the Occupy Wall Street crowd. I can't imagine her keeping her employment in the Los Angeles Unified School District.
October 15, 201114 yr I can't imagine her keeping her employment in the Los Angeles Unified School District.Well, it is California...
October 15, 201114 yr For those that had a problem with the "racist Tea Party", I offer this little gem from one of the Occupy Wall Street crowd. Wow. That's not at all acceptable to me.
October 15, 201114 yr Wow. That's not at all acceptable to me.Me either. Amazing how some don't mind showing their ignorance and intolerance.
October 15, 201114 yr For those that had a problem with the "racist Tea Party", I offer this little gem from one of the Occupy Wall Street crowd. Had to be a Tea Party plant...
October 15, 201114 yr Well, it is California... True, probably the next Education Commishioner out there.
October 16, 201114 yr Had to be a Tea Party plant...:lol: True, probably the next Education Commishioner out there.Somehow, I almost expect something like that to happen.
October 16, 201114 yr This is a step up for these people, who prior to joining "Occupy Wall Street" had been engaged in "Occupy Their Mother's Basement".
October 16, 201114 yr This is a step up for these people, who prior to joining "Occupy Wall Street" had been engaged in "Occupy Their Mother's Basement".:lol: :clap:
October 17, 201114 yr This is a step up for these people, who prior to joining "Occupy Wall Street" had been engaged in "Occupy Their Mother's Basement". Well played
October 17, 201114 yr The banks should not have been bailed out and neither should these folks.Agreed. If true capitolism had been allowed to take place, the banks, GM, etc... would have failed as they should have. Crony Capitolism does NOT work. Capitolism DOES work.
October 17, 201114 yr Agreed. If true capitolism had been allowed to take place, the banks, GM, etc... would have failed as they should have. Crony Capitolism does NOT work. Capitolism DOES work. :thumb: Freedom has to include the freedom to fail - even if you are big bank or big company. The large banks wanted it both ways - to big to fail (TBTF) policy and the ability to practice risky and bad banking practices... The reason they had to be propped up is this - EVERYONE was in on it. 'It' being the overlending on housing. In real capitalism an entity fails and others fill in the gap and keep the market going. What would have happened here is that if the one failed, they all would have failed leaving no entity to fill the gap. They were all doing it. They ALL had 'Toxic assets' (the T in TARP) on their books.
October 17, 201114 yr Maybe these people can occupy a gas company headquarters.... At least mortgages are at record lows (but still to high for historical standards). But it seems oil and gasoline prices have 'disconnected' the last few months. http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=Lexington&city3=&crude=y&tme=24&units=us
October 18, 201114 yr :thumb: Freedom has to include the freedom to fail - even if you are big bank or big company. The large banks wanted it both ways - to big to fail (TBTF) policy and the ability to practice risky and bad banking practices... The reason they had to be propped up is this - EVERYONE was in on it. 'It' being the overlending on housing. In real capitalism an entity fails and others fill in the gap and keep the market going. What would have happened here is that if the one failed, they all would have failed leaving no entity to fill the gap. They were all doing it. They ALL had 'Toxic assets' (the T in TARP) on their books. I assume then, that you are opposed to the FDIC insuring depositors of their accounts at banks?
October 18, 201114 yr I assume then, that you are opposed to the FDIC insuring depositors of their accounts at banks? No, that is 'insurance' that makes sense since the alternative would be to put your deposits in 10 or 20 banks to ensure it was properly diversified from risk of failure. I also have said the government being 'the insurer of last resort' is a reasonable role. Had all the big banks not been over-leveraged from the housing gluttony 'the market' could have dealt with a few high profile failures. But since all the large banks were gorging on the housing bubble profits there was no where to hide when houses (assets) went underwater in a big way. So we were stuck with TARP to save the big banks.
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