Mayor Bloomberg Claims ‘Occupy Wall Street’ Protesters Are Targeting Bankers Who ‘Are Struggling To Make Ends Meet’
source: http://thinkprogress.org/economy/2011/09/30/333038/mayor-bloomberg-wall-street-make-ends-meet/
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- WakeUpPeople
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For 13 days, hundreds of demonstrators have encamped themselves on Wall Street in New York City, hoping to call attention to the financial sector’s greed and inequities in the American economic system.
This morning, while on local radio host John Gambling’s show, New York City mayor Michael Bloomberg was asked about the demonstrations on Wall Street. Bloomberg condemned the protests, claiming that the protesters are targeting people who making “$40-50,000 a year and are struggling to make ends meet.” He then went on to say people are focusing too much on the causes of the financial crisis and that we need to be nicer to the banking industry so that it starts lending again. He concluded by saying that we are “blaming the wrong people” by “blaming the banks” for the recession:
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GAMBLING: Mr. Mayor, let’s talk about Zuccoti Park and the protesters. How do you end that thing?
BLOOMBERG: The protesters are protesting against people who make $40-50,000 a year and are struggling to make ends meet. That’s the bottom line. Those are the people that work on Wall Street or on the finance sector. [...] People in this day and age need support for their employers. We need the banks, if the banks don’t go out and make loans we will not come out of our economy problems, we will not have jobs. And so anything we can do to responsibly help the banks do that, encourage them to do that is waht we need. I think we spend much too much time worrying about how we got into problems as to how we go forward. [...] Also we always tend to blame the wrong people. We blame the banks. They were part of it, but so were Frddie Mac and Frannie Mae and Congress.
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Actually, the median salary for stockbrokers is approximately $88,000 a year. But that is besides the point. The demonstrators are not targeting the individuals who work on Wall Street, they are targeting the financial institutions and practices they represent.
Recall, the banks were the primary actors who set off the global recession, and that recession plunged 60 million people into extreme poverty worldwide. By protesting in favor things like a financial transactions tax, Americans can hope to get some of that wealth back from financial institutions that are anything but “struggling to make ends meet.”
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- WakeUpPeople
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Thethingis
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I wouldn't say that people making $40-50,000 a year are well to do financially, but to that end people who have exhausted unemployment and are living far below 30,000 a year, because they were laid off are doing far worse. A lot of these people scraping by on $20,000 a year have wives and children, and have especially felt the hit that all companies took due to mismanaged investments in 401 k's and inferior trade information, all brought on by financial institutions. These sub prime commodities are the reason we are in this mess to begin with, and if we don't look at the cause then no remedy will ever be acceptable. Bloombergs statement about us moving forward is idiotic in that we spent trillions in tax dollars bailing out these institutions with tax payer monies and never held anyone accountable for why the cards fell to lie as they did. America is angry because even after these banks paid back these loans (supposedly) and patted each other on the backs for braving the storm, the rain only fell that much harder on the working class and impoverished. The devil in the details of tax loop holes and billion dollar corporate bonuses causes the struggling and hungry to question what crisis these banks really went through. People are still failing to make enough to get their heads above water on their upside down mortgages and student loans, and the bank shows us no pity when we run out of money because that's just not good business ethics. Fact of the matter is, we supported them when they were at their lowest point and here we sit staring at ravenous corporate wolves, bite the hand that nourished them back to good health, and pissing on the same tax payers whose backs they rely upon to stand on.
So if banks feel that we are treating them unfairly wait until you see how they treat their patrons when people start cashing out their principal balance, only to find that the banks never had the money to back up their balance due to the practice of fractional reserve banking. Congress is responsible to. Too bad we would have to rely on them to get a bill put into effect that would make it illegal to accept campaign contributions from lobbyist and elitists. How can we expect our law makers to be able to make fair and unbiased decisions when there are so many giving hands reaching into their pants and asking them to deregulate this and cut back on that?
Perhaps we could pay them more to turn favor form obliging their esteemed colleagues, but with salaries of almost $180,000 a year for the average senator, how much more can we reward them for fraternizing with any john looking for a good time with a whore on capitol hill in a thousand dollar suit with a $400 dollar hair cut. The only solution is to get revolutionary on their asses and cut the fat. We need another Thomas Jefferson, another Benjamin Franklin, A new Martin Luther King Jr.. It's movement time people! Now we just need to mobilize the masses. - 8 months ago
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Thethingis
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kayopunk
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WTF??
- 8 months ago
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kayopunk
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Ambill94
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What's to say????? Talk about out of touch with reality in this world...oh that's right those are his buddies.
- 8 months ago
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Ambill94
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EdJoyProductions
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His days as Mayor are numbered. I am looking forward to the parade of new soulless dickheads that will pop up to take his place. That is if he does not change the law again and flout the will of the people as billionaires have demonstrated they seem to be able to do with little hindrance.
- 8 months ago
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EdJoyProductions
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warman1138
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Bankers struggling?.....right, pull the other one.
- 8 months ago
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warman1138
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EmperorThan
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Quoth the billionaire.
- 8 months ago
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EmperorThan
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SarahSakeena
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Wow, is he really expecting us to say, "Oh, those poor bankers in their penthouses in NYC."... No thanks- I know too many people struggling with families who want to obey the law and have faith in those who are representing them, but every time they try to, those representatives metaphorically spit in their faces.
- 8 months ago
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SarahSakeena
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nikonwilly
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Bloomberg ; perfect example of elite propaganda ....
- 8 months ago
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nikonwilly
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percipi224
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Keith! heads up!!! worse, worser AND Worst@!
- 8 months ago
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percipi224
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percipi224
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yes, bank WORKERS aren't paid much?, BECAUSE of the greedy overlords they work for. We aren't talking about the wage slaves! what a maroon! Again with the freddie fannie those po folk caused it all.....We know who are roots of virtually every malady we face. Wall Street Oligarchs. Follow the money! Idiot.
- 8 months ago
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percipi224
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Schnookums
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He's right, the vast majority of people that work for banks are paid an average wage and didn't have anything to do with the financial meltdown.
However, that isn't who these people are out protesting against.....it's the system itself and the people responsible for maintaining it.
Bloomberg's attempt to conflate the two are a classic example of how and why he himself is also part of the problem.
I feel confident in saying that I think most people will be able to see through this billionaire and his lame-ass deflection tactics.
- 8 months ago
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Schnookums
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SIBob
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How much more friggin’ encouragement do the banks need? Tax breaks, loopholes, subsidies, you name it, they get it. And, they, and their leaders, are holding onto a fortune right now, with corporate bank accounts stuffed with cash, (not counting what they are hiding overseas, away from the IRS). The Wall Street protest is not just about this recession, it is about the damn system. Being at the march on One Police Plaza yesterday I was amazed at the enthusiasm and commitment of this group, made up mostly of young people. I am very proud to have been a part of it. There is hope for us yet. But Bloomberg, as usual, is lost in the upper class clouds. He doesn’t get it, he doesn’t want to get it, and he stands right in the way of any substantive change. He has to go in 2013, no more rewritten term limit laws. We need some Democrats with backbone who will stand up to this loony billionaire, or his apparent successor, Ray “Police State” Kelly.
http://sibob.org/wordpress/?p=7781 - 8 months ago
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SIBob
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percipi224
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SIBob:
even if we are inclined to explain it to the man and his ilk, try to see his side of it, he is so hide bound in his world view. He would have to question who he is. how many people do you know are willing to do that under any circumstances? especially when they feel in control and on top of the food chain? I wonder when the protest moves to the trading floor? I know dylan ratigan is with them and he could get them to the floor, he can go to the floor. But after his rant the week of the crash, he is persona non grata. He is helping also support an amendment to get money out of politics. I am with you, its the system they created and gamed. when the media was crying for sound bite demands I shouted at the t.v. EVERYTHING name an issue and follow the power and money. Fortune 500 Wallstreet Hedge funds, Bank CEO's and their boards, corporations who have no nationality that rape the planet and see all of us another commodity.
- 8 months ago
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percipi224
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SIBob
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percipi224:
I agree with everything you said.
- 8 months ago
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SIBob
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tverdell
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Cry me a river.
- 8 months ago
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tverdell
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V1ct0rCR0cc0
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Bloomberg: Leave the bankers alone your lucky they even perform for you Bastards
- 8 months ago
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V1ct0rCR0cc0
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dinm76
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Put him on the enemies list.
40,000.00 --- 50,000.00 a year!
They drank that much champain on the balcony the other day. - 8 months ago
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dinm76
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hombre76
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hay! bloomberg, I have a fat bird in my pocket for you.
- 8 months ago
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hombre76
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Milieu
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At some point the Dumb Bastards have got to acknowledge that
"Greed is Good ( or perhaps God?)"
Is not a philosophy that will stand the test of time or mortality.
- 8 months ago
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Milieu
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PIANORAMA
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Does he think that everyone who makes, as you say, WagonMaster, less than $2 million per year is an absolute idiot?
Right - it's OUR fault the country's in such a mess.
- 8 months ago
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PIANORAMA
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WagonMaster
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Remember floks, this is coming from a multimillionaire who isn't on the side of the lower classes...that is anyone making less than 2 mil per.
- 8 months ago
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WagonMaster
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zoomy1
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WagonMaster:
Correction! You are wrong to say he's a multi-millionaire. Mr. Bloomberg is nowhere near a multi-millionaire. Shame on you!......He's a freaking Billionaire.He would be insulted to be compared to common multi-millionaire.
- 8 months ago
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zoomy1
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letsliveinpeace
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Mayor Bloomberg is a liar.
- 8 months ago
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letsliveinpeace
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Anonmaly
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That's cute, aren't hedge fund managers literally in many cases the highest paid people on the planet?
Where again is it they work?
- 8 months ago
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Anonmaly
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ThirdSection
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They seem to be doing just fine making ends meet. In fact, those ends are meeting all the time at cocktail parties and other high fashioned soirees!
- 8 months ago
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ThirdSection
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GRC54
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Trying to make ends meat? Prime rib, Premium Sirloin Steaks, Filet Mignon, and a 500.00 bottle of fine wine to wash it down with. I also forgot the Lobster Meat. Must not forget the Lobster Meat.
- 8 months ago
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GRC54
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artemis6
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Wow , there goes ALL his credibility ..... He is NOT gonna get re elected .
- 8 months ago
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artemis6
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zoomy1
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artemis6:
I thought he made himself mayor for life?!
- 8 months ago
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zoomy1
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VoyagerFilms
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Bloomberg is a POS! Ignore that we were ripped off and focus on what we can do from here - NOW THAT THE BANKSTERS have run off with our money!? What a fool
- 8 months ago
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VoyagerFilms
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zoomy1
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VoyagerFilms:
George Carlin said it. Watch out when politicians say we should focus on the future, and move on. It's a sure sign that we've been screwed.
It's like a cat covering his crap and moving on.
Ok. that last part was mine/ - 8 months ago
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zoomy1
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dinm76
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zoomy1:
I think you just quoted Obama!
- 8 months ago
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dinm76
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CalgarC
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hahaha the fuck....
- 8 months ago
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CalgarC
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bike10
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One more attempt to show how out touch the GOP/Tea Baggers are with the real world.
- 8 months ago
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bike10
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outofbounds
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I don't believe that Bloomberg just doesn't understand Occupy Wall Street.
- 8 months ago
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outofbounds
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Leen61
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Are you f**king kidding me, Bloomberg?! This Wall Street whore makes me puke! If he would get his head out of Wall Street's collective ass his words might make more sense, but that's never going to happen. And it ain't the workers these protests are targeting Einstein, it's the Lloyd Blankfeins, Jamie Dimons and their ilk you typically disingenuous right winger. And does anyone need to wonder why the rich of this country are spending billions on security companies to protect their asses? Here is Exhibit A.
- 8 months ago
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Leen61
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David_H [removed]
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Leen61: This comment was removed as a violation of community guidelines.
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David_H [removed]
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Leen61
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David_H:
That wasn't the subject of my answer, take a lude. The subject was not the Dems role in the Wall Street debacle it was the typically disingenuous right winger Michael Bloomberg. Any other questions? Wait let me be proactive, because I'm sure you will have a comeback. I am not saying Derms are not guilty of perpetuating the problem, I'm saying the right wing is just more blatantly insulting about it to average citizens like me. The right wing tries to convince us all that Wall Street is our FRIEND and they're the real VICTIMS. They can all go to hell and take "independent" Bloomberg with them. Because he is of their ilk. Provide any evidence to the contrary.
- 8 months ago
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Leen61
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David_H [removed]
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Leen61: This comment was removed as a violation of community guidelines.
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David_H [removed]
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Leen61
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David_H:
I'm just saying my comment was specific to Bloomberg and was accurate in what it stated.
- 8 months ago
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Leen61
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FoosMaster
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Misti:
LOL
The situation with the "job providers" seems like Ransom to me and they, like the kidnappers, intend to Kill the jobs after they recieve their ransom. - 8 months ago
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FoosMaster
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UPSman
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Misti:
That's been one of the main issues - the banks are not giving loans but using the Fed to take free money from - that was supposed to go for loans to small business and such - and using that money to gamble on derivatives and whatever else they want to do with the money.
So when our economy gets to the point of "needing the banks" and the banks say no - perhaps there should be some way to go around the banks and not let them "control" the economy in a negative fashion.
"Too big to fail" all over again!
- 8 months ago
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UPSman
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percipi224
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Misti:
i am too sleepy this morning to repeat the psy ops brainwashing. not until i have my free trade coffee to combat it.
- 8 months ago
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percipi224
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UPSman
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The problem is that there is a large block of "uninformed" people out there that are willing to carry the water for the rich. All the wealthy have to do is lease the buses, make the "tea" shirts, get the permits, and pass the info on to their propaganda channel and they can sit back and watch the uninformed do their bidding.
The crazy thing is that those on the "right" get all the press whereas these people have been at it for close to 2 weeks and barely get mentioned. The media - no matter what Sarah says - is definitely on the side of the rich and powerful.
The media is so afraid of not getting access to those at the top they are scared to "report the news". So much for "freedom of the press". Unless it's "freedom" is meant to be able to pick and choose what is news and what isn't. But then again hasn't most of the "news" sources been bought up by the rich and powerful all across the country.
- 8 months ago
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UPSman
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Misti [removed]
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UPSman: This comment was removed by its owner.
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Misti [removed]
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UPSman
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Misti:
It sure seems very clear with this protest about how the media is ignoring it. As an example I enjoy watching CNBC during the day just monitoring the stock market. I'm not very good at it but I do find it intriguing. And throughout this protest - I think maybe during the first week they mentioned about how ridiculous it was - but ever since then they have become absolutely silent. As if right outside their very door the protest wasn't happening. What a joke!
I do have hope and believe the MSM is becoming less powerful. I've witnessed remarkable events with the instantaneous new media that has spread all over the world - even has changed leaders of countries - unthinkable 5-10 years ago.
As well I have hope with Current TV that they'll bring truth to power. I really believe in this next generation and hopefully there can be things done to grow the middle class once again like it was when I was growing up.
I just have a very hard time understanding the whole "greed" concept - when is enough, enough? One would think they'd be happy to enrich the country they have reaped so many benefits from.
- 8 months ago
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UPSman
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UPSman
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And this nut job has considered running for President as an Independent! But then again he's loaded with money and I guess when you have it all you hang around with people that have it all. At their cocktail party's they must be blustering about the nuisance of this movement. What a joke!
- 8 months ago
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UPSman
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JustZ
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What planet is this idiot on? Right; the protesters are angry at simple folks who make $40-50k and work on Wall Street.
Not the millionaire and billionaire hedge fund managers... and mega greedy speculators and CEO's... or any of the ULTRA RICH who apparently OWN WALL STREET. This guy must think we're as stupid as he is.
- 8 months ago
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JustZ
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zoomy1
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JustZ:
He's not stupid, he' smart. soul dead, but smart.
- 8 months ago
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zoomy1
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Saladin
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I think part of the reason politicians can say such shamelessly stupid things is that they're completely out of touch with the lower classes and just reality in general.
Clearly, he lives in a fucking bubble.
- 8 months ago
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Saladin
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FoosMaster
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Mr. Bloomberg, how much did they pay You to say these things? I hope it was more than they paid the white shirt officers to attack the protesters to try to drive them away.
- 8 months ago
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FoosMaster
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ACSUS
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FoosMaster:
I would have more respect for him if somebody HAD paid him to say those things. As it stands, he is just an uninformed, unenlightened, out of touch, elitist moron.
Getting paid to say stupid things would be much smarter. - 8 months ago
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ACSUS
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artemis6
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FoosMaster:
Yep , Political prostitution . All the way .
- 8 months ago
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artemis6
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Misti [removed]
- This comment was removed by its owner.
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Misti [removed]
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good_stuff
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Misti:
In Mountbatten, yes, that is chump change...
- 8 months ago
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good_stuff
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oldbanjo
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Misti:
It is below middle class. These people don't make policy, there bosses are the problem.
- 8 months ago
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oldbanjo
