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Title: "Rage" against Wall Street power clogs sidewalks
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URL Source: http://www.newsdaily.com/stories/tre78i51d-us-wall-street-protests/
Published: Sep 20, 2011
Author: Paula Rogo
Post Date: 2011-09-20 05:16:42 by Tatarewicz
Keywords: None
Views: 146
Comments: 8
NEW YORK, Sep. 19, 2011 (Reuters) — Protesters complaining about the unchecked power of the financial industry staged noisy demonstrations that slowed pedestrian traffic on Wall Street for a third day on Monday, vowing to continue "for as long as it takes" to achieve vague demands. Up to 150 protesters near the New York Stock Exchange held up signs saying "we must end corporate tyranny and corruption" and "debt is slavery". The protesters claimed up to 350 demonstrators had come and gone throughout the morning. Police reported eight arrests -- two for attempting to enter a Bank of America office on Saturday, when larger crowds amassed for a protest billed as a "Day of Rage," and six more on Monday. At least four on Monday were held for wearing masks, which is illegal for groups of two or more, police said. "The elite corporate power have hijacked democracy," said Alexander Penley, an international lawyer from New York. "The economic depression we are experiencing today has something to do with how Wall Street is run." Demonstrators have displayed other signs including "commodity inflation causes starvation" and "I can't afford a lobbyist," indicating wide-ranging frustration with the financial industry's clout and lack of accountability for the 2008 financial crisis and persistently high unemployment. Police maintained an intense presence in the Financial District, partitioning off areas of the sidewalk and slowing pedestrian traffic in a neighborhood that in recent years has become more a tourist attraction than a center of financial trades. The demonstrators have vowed to stay for months, though it was unclear what message Wall Street employees would hear. "The truth is I was only half paying attention to what they were saying," said Ken Polcari, managing director of ICAP Equities. "It just seemed like it was people walking around with nasty signs up talking about the financial community, about Wall Street being the devil and all that," Polcari said. (Reporting by Paula Rogo; Editing by Daniel Trotta and Cynthia Johnston)
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#1. To: Tatarewicz (#0)
(Edited)
I appreciate the effort but really --- all of these so-called protesters were loaded down with debt based fiat credit, credit cards and membership status cards from their SOCIALIST FAT CAT FEDERALE pappa - Uncle Sambo. This is in my estimate the blind leading the blind ... but light some shit on fire and I'm with ya ! EDIT: Having pondered the bailouts and derivatives bullshit for a couple of years it dawned on me that rather than bailout the asshats that fucked everyone that played straight and bought securities in good faith to the tune of 14 Trillion dollars, why, WHY didn't Uncle Sambo spend 1 or 2 Trillion to pay-off or pay down the sub-prime mortgages and let the short selling fraudsters on Wall Street drown in their own shit, while at the same time making those that had operated honestly whole ? The scam could only work when the sup-prime mortgages "FAILED" !
I don't participate in the FEDERAL FRAUD but if I did my bumper sticker would state: "Screw em all - VOTE RON PAUL"
I'd like to have those with investor experience or CPA experience comment on this ! Having pondered the bailouts and derivatives bullshit for a couple of years it dawned on me that rather than bailout the asshats that fucked everyone that played straight and bought securities in good faith to the tune of 14 Trillion dollars, why, WHY didn't Uncle Sambo spend 1 or 2 Trillion to pay-off or pay down the sub-prime mortgages and let the short selling fraudsters on Wall Street drown in their own shit, while at the same time making those that had operated honestly whole ? The larger scam could only work when the sub-prime mortgages "FAILED" ! It is my opinion that this entire debacle was a planned scheme that Wall Street, the Banks, Appraisal Companies, Rating Agencies and Uncle Sambo colluded together to profit from by passing laws "making" Banks lend ungodly amounts of money to unqualified borrowers, for over-priced homes, that they knew would default. Then they leveraged them up, sold them as securities to multiple buyers as AAA, knowing they were FFF, and at the same time SHORTED them and made trillions. I'm tellin ya - the only fucking way to stop these criminal cocksuckers is to quit paying them tribute and stop using their criminal ponzi scheme banking system. Probably shooting (ALL) the motherfuckers would be the right thing but might be considered by some to be politically incorrect. The truth is they are destroying our country while stripping everything good about it out ! This is a war !
I don't participate in the FEDERAL FRAUD but if I did my bumper sticker would state: "Screw em all - VOTE RON PAUL"
My brother, an accountant by education, roughly determined the entire private mortgage debt of the USA by analyzing mortgage interest deductions for 2007 or 2008. Using a little guesswork based on a few probabilities, he figured that everyone in the country with a mortgage on a primary residence could have their interest rate bought down to 3% fixed, and any arrears moved to the back end of their note, for a lot less than the original reported bailout amount. This alone would have injected billions into the economy since consumers with current mortgages would suddenly have realized significant savings each month, which probably would have been quickly spent on consumer goods. The plan would also have creating increased income tax revenues, since the mortgage interest deduction would have been lower for most taxpayers with mortgages. He sent the plan to almost every member of congress and the senate, and to the president himself. He was surprised he didn't hear anything back from any of them. It was a fool proof plan. Unfortunately, it wasn't a criminal proof plan. Plans that would actually solve problems get no consideration from criminals that make their living creating and maintaining problems.
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Thanks for responding. This is amazingly fucked up. How can we all be so stupid and peaceful ? His analysis was based on "all" open mortgages not just failing sub-prime mortgages, right ? So, his analysis far exceeds my question and the outcome far exceeds my analysis. Now the question is why hasn't the MSM or even Ron Paul or anyone publicly stated this ?????
I don't participate in the FEDERAL FRAUD but if I did my bumper sticker would state: "Screw em all - VOTE RON PAUL"
All open mortgages. I sent him an email asking him to register here and comment on this. I am just going by faulty memory. It would be better to have him explain the intricacies of the plan. I know it was well thought out, and solved a host of our current problems, for much less money than the bailouts.
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They picked the right spot to protest but I'd venture a guess that many don't know the following: thisiszionism.blogspot.co...t-and-rise-of-hitler.html
The silence on this is deafening.
I don't participate in the FEDERAL FRAUD but if I did my bumper sticker would state: "Screw em all - VOTE RON PAUL"
It sure is. I'll have to try again Friday, by phone.
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#2. To: All (#1)
(Edited)
#3. To: noone222 (#1)
WHY didn't Uncle Sambo spend 1 or 2 Trillion to pay-off or pay down the sub-prime mortgages and let the short selling fraudsters on Wall Street drown in their own shit, while at the same time making those that had operated honestly whole ?
We are not allowed to make a decision as mundane as what kind of lightbulb we're going to use anymore, but we're allowed to choose who runs the city, state, and fedgoob? Give me a break. - Esso
#4. To: Critter (#3)
the entire private mortgage debt of the USA
#5. To: noone222 (#4)
His analysis was based on "all" open mortgages not just failing sub-prime mortgages, right ?
We are not allowed to make a decision as mundane as what kind of lightbulb we're going to use anymore, but we're allowed to choose who runs the city, state, and fedgoob? Give me a break. - Esso
#6. To: noone222, Dritter, Tatarewicz (#4)
(Edited)
#7. To: Critter (#5)
#8. To: noone222 (#7)
The silence on this is deafening.
We are not allowed to make a decision as mundane as what kind of lightbulb we're going to use anymore, but we're allowed to choose who runs the city, state, and fedgoob? Give me a break. - Esso
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