Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Most of the businesses on Wall St. would not even exist today if it weren't

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 04:48 AM
Original message
Most of the businesses on Wall St. would not even exist today if it weren't
Edited on Sun Oct-09-11 04:58 AM by ixion
for a bailout from the 99%.

Let me rephrase that: If We, the People had not allowed them to pilfer TRILLIONS from our treasury, they would be out of business.

These same people, who are now thumbing their nose and poo-poo'ing the Occupy Movement would be out of a job if it weren't for the 99%.

Think about that.
Printer Friendly | Permalink |  | Top
KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:02 AM
Response to Original message
1. And we stood by and watched as Congress gave them our money.
I remember thinking, "Hold on a sec! The tenets of capitalism dictate that these folks should perish. Why are we doing this?"

But voices kept warning us, "Oh, but if these banks and brokers were to crumble, there would be job losses and lost pensions, and...and..." (and so on).

So what? Someone else more savvy and less corrupt would emerge to fill the void. Regardless of what we may have been told, these criminals were not the "best and brightest."

It's quite ironic, however; the economic system they loved was killing them and the economic system they hated was saving them...
Printer Friendly | Permalink |  | Top
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 06:15 AM
Response to Reply #1
5. Yep, I was thinking the same thing.
Wall St. loves crony corporatism, and hates REAL capitalism.

And the fortune 500 hates the idea of a truly 'free market', because it means they would have competition.

Wall St. and International corporations colluded with government to tip the playing field in their favor. That's not capitalism. It IS the reason the Occupy Movement has come into existence, and when so-called 'pundits' and 'reporters' sit around and scratch their heads and wonder out loud what the movement 'wants', it more intellectual dishonesty.

It's very clear what the Occupy Movement is all about: Ending the corruption and collusion of corporations and government, and a return to a level playing field.

Of course, this means that most of these companies would tank. I say, so be it. Let them tank. They should have been out of business years ago, or better yet, should have been indicted years ago for racketeering and fraud.

Printer Friendly | Permalink |  | Top
 
mod mom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 09:49 AM
Response to Reply #1
10. and watched as big bonuses were still handed out despite the bailout!
This action was so audacious! A total slap in our collective faces, as in we'll continue to do as we please and you'll fund it or else! Both parties.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 11:58 AM
Response to Reply #1
16. We didn't just stand by..
some of us fought like crazy to try to stop it.

:(
Printer Friendly | Permalink |  | Top
 
CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:42 AM
Response to Original message
2. They created enormous profits through creating failure.
Edited on Sun Oct-09-11 06:05 AM by CJCRANE
That's the opposite of how the freemarket is supposed to work.

Printer Friendly | Permalink |  | Top
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 06:16 AM
Response to Reply #2
6. exactly
Printer Friendly | Permalink |  | Top
 
YellowRubberDuckie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:43 AM
Response to Original message
3. Millions of people called and told their people to vote against it.
They didn't listen. WE didn't give that money to them. Their buddies in congress did. And then we reelected them. So, while we didn't directly do it, we did help make it happen.
Duckie
Printer Friendly | Permalink |  | Top
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 06:18 AM
Response to Reply #3
7. we didn't protest loud enough, and we elected the people who gave them our money,
Edited on Sun Oct-09-11 06:18 AM by ixion
and this is why I don't like to vote for the 'lesser of two evils', as it were, because when you vote for someone, you're giving them your proxy to act in your stead. So indirectly, through our proxies, WE did do just that.

Printer Friendly | Permalink |  | Top
 
Lizzie Poppet Donating Member (255 posts) Send PM | Profile | Ignore Sun Oct-09-11 10:21 AM
Response to Reply #3
13. Well of COURSE they didn't listen!
Like Carlin said, they don't give a shit about us. The corporate sockpuppets in office know that all they need to do is convince enough people to vote for them (usually as the lesser of two evils these days) every few years, and they can go back to completely ignoring our wishes. And like you say, we'll just keep reelecting them anyway...
Printer Friendly | Permalink |  | Top
 
malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 05:55 AM
Response to Original message
4. 100% correct
Rec
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 08:11 AM
Response to Original message
8. If most of the businesses on Wall Street went under the economy would be trashed.
I would hate to imagine what obligation the Federal Government would be under providing FDIC insurance.

Pensions and retirement savings would be decimated.

Then everyone would be equally poor and more miserable than ever before. If you think there is no middle class now just imagine what they would be like stripped of all wealth save a fully owned house. If you have a mortgage you will probably lose your house after you lose your job.
Printer Friendly | Permalink |  | Top
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 09:46 AM
Response to Reply #8
9. if we're a free market economy, and they screw-the-pooch, they go under
Edited on Sun Oct-09-11 09:48 AM by ixion
that's the way it works for everyone else in the US. Making exceptions for Wall St. only leads to fraud and racketeering, as we're seeing now.
Printer Friendly | Permalink |  | Top
 
butterfly77 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 09:54 AM
Response to Original message
11. I think about it everytime I hear...
McConnell,Cantor,Ryan,Henserling,Sessions,Rep.King of New York,fruitcake racist,King of Iowas,etc..aka the TEABAGGERS,who tell us we need to cut the spending and we can't use OUR MONEY to help OURSELVES.
Printer Friendly | Permalink |  | Top
 
ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 11:45 AM
Response to Reply #11
14. Yep, I think the same thing
the whole idea of paying into a common fund (E.g. 'taxes') is that the common fund is to be used to make our lives better, not enrich a bunch of beltway insiders, and the security/military industrial complex.
Printer Friendly | Permalink |  | Top
 
butterfly77 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 11:57 AM
Response to Reply #14
15. I still remember when Bush...
would tell the seniors to remember that it was "their money" when he was begging them to let him put it in the stock market..
Printer Friendly | Permalink |  | Top
 
Tierra_y_Libertad Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-09-11 10:04 AM
Response to Original message
12. Yes. But, look at all we got in return for our money......
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 18th 2024, 06:49 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC