Why does Bernie invest in Wall Street if he thinks "the business model of wall street is fraud"?

[hill2016]

How do you explain this cognitive dissonance?

[Agnosticsherbet]

1. Money is money.

[Lucinda]

2. Valid question!

[Kelvin Mace]

3. Depends on where you invest

Some companies more prone to fraud than others.

That said, where is he, or anyone else, supposed to put their money? In a mattress? In a hole in the back yard?

Lame.

[treestar]

17. Why not?

Would it not be safer there if Wall Street is as bad as Bernie says it is? Wouldn't the money be safer in a savings account or CD at least? Or on some other more honest exchange? I dunno, the Icelandic Stock Market or European? He seems to be an unwise investor to take the chances he is taking given what he thinks.

[Kelvin Mace]

25. Yet more reasons not to vote for HRC

if this is the level of disingenuous discourse. I expect this from the Westboro Baptist crowd.

[treestar]

28. I think that's a perfectly good question

more reasons not to vote for Bernie as the level of discourse is apparently just say something and it can be true. You've dodged the question. If Bernie thinks it is fraudulent, he would not put his money there. He'd find some other way to invest. No one puts their money in what they think is a fraud. If Wall Street is going to steal it from and that's what you truly believe, a person would not invest there.

Bernie doesn't really believe what he's saying, or he wouldn't put his money in Wall Street.

[Kelvin Mace]

45. Now you are just being silly

Murders, rapes, robberies, carjackings, violent assaults and domestic violence are occurring in your city, so why don't you move if you believe these crimes are going on?

[CorporatistNation]

50. When Bernie Speaks Of Wall Street, He Is Specifically Referring To... The BANKS of Wall Street!

Like Goldman Sachs Morgan Stanley... etc... Not every company or mutual fund that is traded on NY SE or NASDAQ!

[HumanityExperiment]

4. Shorter...

'Bernie is anti-capitalism'

So... point out where he can't work and be involved within the societies economic system to make changes within said system?

Can a system be fraudulent?

Should HRC divest herself of everything she is against on her platform? Just using your 'argument' within the context of the candidate you support

Can you defend your intellectual dishonesty?

[hill2016]

6. Hillary doesn't hate Wall Street...

Bernie does.

[HumanityExperiment]

8. LMAO...

If that's the best of replies you have to my point, well... one doesn't need to say anything further, I'll let your words stand alone there...

[Jackie Wilson Said]

26. Bernie hates companies that pollute and never clean up. Bernie hates companies

that harm workers.

But you know that.

[hobbit709]

5. Just like clockwork.

[LexVegas]

7. He loves money too. nt

[Armstead]

9. Because he's not the Commie you folks like to claim he is

[cosmicone]

10. He is a hypocrite nt

[SunSeeker]

29. Beat me to it.

Last edited Mon Apr 4, 2016, 07:59 PM - Edit history (2)

Yup, there's a lot about Sanders that doesn't mesh with the image of himself.

http://www.politico.com/story/2015/07/bernie-sanders-wife-accounts-for-reported-assets-120261

[angrychair]

43. So you link to a right-wing website

That is, and I quote, "DEDICATED TO ELECTING DR BEN CARSON PRESIDENT OF THE UNITED STATES."

Link to the home page of your reference site:
http://www.democracy.love/

good job using right-wing wingnut websites to make your point. Going to follow it up with a source on Stormfront or tomato bubble or wherever you go for you other conspiracy theories?

[SunSeeker]

44. Yuck. Sorry, it popped up when I googled "Sanders assets."

I'll replace it with another link in a minute.

[ibegurpard]

11. same reason I do

I have a 401k. It was the only retirement option available at my job.
If you want to start railing against 401ks please proceed. I'd love to get rid of them and bring back pensions.

[grntuscarora]

14. ^^This^^

The right and neo-liberals destroyed the defined benefit plans and left us with the Russian roulette called Wall Street to fund our retirements.

[treestar]

19. Bernie is the one railing against Wall Street

where they are going to steal your 401k - you obviously don't actually believe that.

[Kelvin Mace]

46. So, your view is that there is NO fraud occurring on Wall Street,

no need to regulate it, since the free market works always to be fair.

Right.

[SunSeeker]

33. Bernie already has a rather generous defined benefit congressional pension coming.

https://en.m.wikipedia.org/wiki/Congressional_pension

His 401k is just an extra goodie he has available to him.

[tralala]

12. Also he claims he's against selfishness and greed

but yet he owns several pairs of underwear that only he may wear, to the exclusion of all others? Hypocrisy much?

[grntuscarora]

15. Excellent point!

[grntuscarora]

13. You do what you need to do to survive in a system while you try and change it.

Not that hard to figure out.

[frylock]

16. Why do you breathe the air if it's polluted by all the corporations you hate?

[TheBlackAdder]

18. More ignorant stupidity--any banking service touches WS in one form or another.

.


I'm sure there's some service out there that you feel is corrupt, but you use because it's the only offering out there.


Perhaps SBS should just place his money under a mattress.



====


These silly OPs are revealing, how people get torqued up over stupid shit that doesn't mean anything.


.

[hill2016]

20. Bernie is the one who thinks Wall Street is a fraud

yet he's okay to invest with Wall Street?

[TheBlackAdder]

21. The only one stating certain functions are rigged, which almost no one would doubt.

.


There were a series of scandals, such a LIBOR, etc.

Question: If a billionaire and you makes equal trades, who is positioned a dozen times before the other is even considered?


.

[nadinbrzezinski]

47. I hate to point this out

but you might as well speak Chinese to the OP. I sincerely doubt she, or many Americans for that matter, know what LIBOR is.

[Blue Meany]

34. It is hard to avoid. Under federal law, most individual retirement accounts have to be

invested in funds that are professionally managed, and funds are created and managed by investment banks.. Supposedly this is there to protect individuals who might engage in wild speculation on the Stock Market, but I think it is really just another way of channeling money to Wall Street Banks. It is possible to set up a self-directed IRA, but it is a fair amount of work and there are management fees involved.

I would love to see this become a political issue, because I think if we could withdraw our money from Wall Street control and invest in small, locally-owned businesses we could stimulate the economy, raise wages, and start making a dent in economic inequality.

[AgingAmerican]

35. Look at the reasons the economy collapsed then get back to us

Rather than making a fool of yourself with moronic OPs like this one.

[redstateblues]

53. Sen."anti-establishment" Bernie has been making six figures from the government for a quarter century

Where did it all go?

[treestar]

30. He could buy land. Or gold

Why not do that instead of letting Wall Street steal his money and use it for fraud?

Bernie doesn't believe his own hype.

[noiretextatique]

31. I agree

I have an Roth Ira with Fidelity, and I am voting for Bernie.

[jmg257]

22. So he can have a retirement fund? Maybe he'll be able to bank on speeches

and lobbyists fund in the future, but for now its all he has on his salary.

[SunSeeker]

36. He already has a very generous congressional pension coming to him.

Last edited Mon Apr 4, 2016, 07:54 PM - Edit history (1)

https://en.m.wikipedia.org/wiki/Congressional_pension

That 401k is just gravy.

[jmg257]

39. Nice! Very Good for older people to have something to live on

And use for their care after retirement, as they advance in age.

[SunSeeker]

41. Yep. We should all have defined benefit pensions like that.

They guarantee a set monthly amount ("defined benefit&quot upon retirement that you can plan on and is not subject to fluctuations like a 401k. But they're as rare as hen's teeth these days.

The closest thing to a defined benefit pension most people get is Social Security--which Bernie is getting as well.

[GoneFishin]

37. Yeah. So maybe he can save over his entire lifetime the amount Hill Billy made from 4 speeches.

[jmg257]

40. Agreed. Actually seems a fairly modest, but decent, set of assets.

[msongs]

23. same reasons he votes for war profiteers every year...he gets f35s in vermont in return

http://www.stopthef35.com/

[Warren Stupidity]

24. Did you make this blathering idiocy up all by yourself?

You must be so proud.


Oh wait. No you didn't. You copied it without attribution from Brock and added some fluffier-nutter to it.

[dr60omg]

27. How many of these same posts do y'all copy & repost? Jane Sanders was a provost at Goddard

Jane Sanders was a provost at Goddard College as soon as I saw CREF and then TIAA I knew what it was


TIAA-Cref is used by universities across the United States. It is usually the retirement vehicle for a large percentage of scholars and university administration. Since Jane Sanders is a PhD and she taught at Goddard: guess what. Part of her salary is automatically invested in TIAA-Cref. TIAA-Cref allows people who have money with them often to chose between instruments.

Valic is another instrument often used by Universities. And both companies also use other instruments and it is approved by the college or university ... So, it may be within her college or university's parameters

Did you notice the net worth?
Did you also check to see where retirement accounts from Goddard are? I know the blog person did not and that is why it is absurdity and the highest level ... http://vtdigger.org/2015/07/15/goddard-college-reaches-contract-agreement-with-faculty-staff-unions/
Now why did I put this article up because it talks about the union contract and the concessions reached particularly regarding TIAA-CREF
When Jane Sanders was at the college ... it was not an issue for people at universities and colleges around the country --- TIAA-CREF was something we could take with us from university to university

[GoneFishin]

32. Because the banks have rigged the system to force everyone out of regular bank savings

into the stock market by making sure that regular bank accounts return 1% or less, even though there is clearly a demand for credit at interest rates of 20% and up as evidenced by the high consumer credit card debt in the U.S..

It's a racket, and he is a victim along with anyone else who has a little money saved and would like to invest it to try to keep pace with the cost of living.

[SunSeeker]

38. Bernie is not a victim. He has a "golden" congress pension coming to him regardless of his 401k.

Last edited Mon Apr 4, 2016, 08:01 PM - Edit history (2)

https://en.m.wikipedia.org/wiki/Congressional_pension


http://www.bankrate.com/finance/retirement/retirement-benefits-for-congress.aspx

[Goblinmonger]

42. When this is the talking point that comes out on a Monday,

I know there is desperation in the air at Camp Clinton. Thanks for this ridiculous notion of why people shouldn't vote for Sanders. Glad to see that's the best you got the day before the Wisconsin primary.

[vintx]

48. I've heard this same idiotic crap from RWers for years

Shit like 'If you're an environmentalist why do you have a computer?'

Sadly unsurprising to see it trotted out by turd way supporting new democrats

Shameless

[GeorgeGist]

49. Don't you know that neither TIAA nor Valic ...

are part of Wall Street?

[revbones]

51. It'd be a lot easier to reply to this stupid false narrative

if it wasn't one of the more stupid ones from Brock & Co.

Show me some links where Bernie said not to invest please.

Also, your username seems to lessen your credibility since it makes it look like you just signed up to troll for Hillary. Not accusing you, just saying...

[matt819]

52. Because Wall Street is where the stock exchanges are

Unless you keep your money under the mattress and you have more money than it's reasonable to keep only in a savings account, Wall Street is going to part of your financial life. How and where you invest that money is the measure of your social and moral character.

Now, if Bernie is invested in fracking companies or pharmaceuticals, then o might raise an eyebrow.

And, no, I don't begrudge the man having some money on the bank. He's been working for 50 years. He's not a monk dedicated to a life of poverty.

[Joob]

54. There's a difference between investing in corporations and corporations investing in you

Capitalism. Hell if I knew what to invest in just to make cash I would too

What is wrong with capitalism?

Yes he's fighting Wall-street, not capitalism

He's fighting corruption IT CAUSES in politics


But by all means, keep bringing this up. I hope it coms up in the debate if Hillary decides on a date that's not ridiculous or with a moderator that has worked with her campaign

I swear, YOU GUYS SEE this and think it's okay, I will not be staying in the Democratic party if she is the nominee fuck corruption