Ontopic Wall Street protest[s]...things

BeachballBunny said:
I've always wanted to start a church. I was thinking of a Sunday brunch kind of worship. Preach about how Mrs. Butterworth is a blasphemous and only 100% pure maple syrup should ever be used. Maybe there should be some hierarchy of breakfast meats. Bacon on the top tier, sausage next, spam and scrapple at the bottom.
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THE WORD OF GOD
 
Everyone knows who Grayson is and what his views are, the actual protestors have almost no agenda except 'life is unfair wahhhhh.' It's kinda of disingenuous to relate the protests to his pet projects.
 
Never liked the tea party >.> Except the pro-gun part.

This is just infuriating because I do not have it easy at all, shit I ended up with a dependent this year and I didn't even get to knock anyone up, but I am not complaining.
 
People are starting to circulate a Thomas Jefferson quote about banks on Facebook in support of these protests. The problem is that Jefferson never said the quote which they are attributing to him, and yet whenever I answer their posts with one of my own, linking them to the Snopes entry below, they deflect the inconvenient truth with statements like "Well it's still true." I fucking hate people.

http://www.snopes.com/quotes/jefferson/banks.asp
 
when al sharpton set up a press conference or whatever at the protests, i knew they had lost site of anything even remotely sane to bitch about.
 
Like the Republicans with the tea party, the Democrats need to find a way to assimilate this group.
 
Sarcasmo said:
People are starting to circulate a Thomas Jefferson quote about banks on Facebook in support of these protests. The problem is that Jefferson never said the quote which they are attributing to him, and yet whenever I answer their posts with one of my own, linking them to the Snopes entry below, they deflect the inconvenient truth with statements like "Well it's still true." I fucking hate people.

http://www.snopes.com/quotes/jefferson/banks.asp
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I hate false quotes >.<

As to the 'still true' part, I swear the average person is just mind numbingly fucking retarded. Banking is what makes ideas into reality and the development of joint stock corporations is what enabled Europeans to settle in North America. There are bad actors but the fact is no one paid any attention to them while they were racking up student loans and consumer debt.

Another question is, the alternative would be to nationalize all banks... Do you really want the same people who run the DMV to run your local bank? -.-

There would be more effect if people showed discontent by pulling their money out of the 10 largest banks and putting it into state chartered local institutions. I don't know about other states but there are 2 banks in my city that only have one building and market cap under 60 million. They also pay better interest rates and are more familiar with local economy than JP Morgan-Chase or BoA.
 
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ZRH said:
I hate false quotes >.<

As to the 'still true' part, I swear the average person is just mind numbingly fucking retarded. Banking is what makes ideas into reality and the development of joint stock corporations is what enabled Europeans to settle in North America. There are bad actors but the fact is no one paid any attention to them while they were racking up student loans and consumer debt.

Another question is, the alternative would be to nationalize all banks... Do you really want the same people who run the DMV to run your local bank? -.-

There would be more effect if people showed discontent by pulling their money out of the 10 largest banks and putting it into state chartered local institutions. I don't know about other states but there are 2 banks in my city that only have one building and market cap under 60 million. They also pay better interest rates and are more familiar with local economy than JP Morgan-Chase or BoA.
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People should still be able to be pissed off about the systemic corruption at the banks that are now "too big to fail"...
 
fly said:
People should still be able to be pissed off about the systemic corruption at the banks that are now "too big to fail"...
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Yes, but being pissed off never helped anyone, and crying never solved anything. They should move their money somewhere else or come up with a better solution.
 
ZRH said:
I hate false quotes >.<

As to the 'still true' part, I swear the average person is just mind numbingly fucking retarded. Banking is what makes ideas into reality and the development of joint stock corporations is what enabled Europeans to settle in North America. There are bad actors but the fact is no one paid any attention to them while they were racking up student loans and consumer debt.

Another question is, the alternative would be to nationalize all banks... Do you really want the same people who run the DMV to run your local bank? -.-

There would be more effect if people showed discontent by pulling their money out of the 10 largest banks and putting it into state chartered local institutions. I don't know about other states but there are 2 banks in my city that only have one building and market cap under 60 million. They also pay better interest rates and are more familiar with local economy than JP Morgan-Chase or BoA.
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Then the banks would be accountable to voters, instead of the richest of shareholders. I'm kinda liking that idea.

My guess is that those smaller less leveraged banks focus on traditional banking methods. Investment banks are just fat cats at a casino.
 
Casper said:
Then the banks would be accountable to voters, instead of the richest of shareholders. I'm kinda liking that idea.

My guess is that those smaller less leveraged banks focus on traditional banking methods. Investment banks are just fat cats at a casino.
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I think Japan nationalized their banks in 1989? It didn't turn out well. I like the idea of breaking up large banks and making it illegal for retail banks to have investment banking divisions.

Smaller ones are more traditional. They have a credit-union-ish feel. Only downside I can think of is that it's hard to access accounts when you are overseas but HSBC is really the only place that is big on being able to walk into any branch anywhere in the world and get stuff done.
 
where's that thread with you encouraging everyone here to mail a brick to their congressperson

that was pretty fucking pointless too AND cost you money
 
ZRH said:
I think Japan nationalized their banks in 1989? It didn't turn out well. I like the idea of breaking up large banks and making it illegal for retail banks to have investment banking divisions.
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I didn't see this post until just now. And it's wrong.
 
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Casper said:
I didn't see this post until just now. And it's wrong.
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Yeah I was thinking of bailouts for commercial banks.

They did repeatedly inject capital by buying preferred stock in the early '90s, a lot like what we did, and there was similar effect of the banks being less willing to make loans.
whole crapload of articles
http://web.mit.edu/krugman/www/
 
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