(to the Occupy Wall Street crowd) LMAO. "Hey guys, let's really stick it to the man and cut class! Yeah, that'll show `em!" JFC these guys are retarded. http://beta.finance.yahoo.com/photo...ccupy-wall-street-during-photo-223557548.html
LOL http://www.flickr.com/photos/68557644@N05/6238708442/in/photostream/ http://www.flickr.com/photos/68557644@N05/6238708462/in/photostream/
LMAO. "Hey guys, let's really stick it to the man and cut class! Yeah, that'll show `em!" JFC these guys are retarded. http://beta.finance.yahoo.com/photo...ccupy-wall-street-during-photo-223557548.html ----------------- Great Article.
Thanks nutmeg. If you can help, I need some supportive comments on my Forbes blog. A few OWS and FTT pushers (financial-transaction tax) really jumped hard on me in a negative way. http://www.forbes.com/sites/greatsp...py-wall-street-occupy-silicon-valley-instead/ Thank you and others in elite for your help. I am trying to get the man off traders' backs.
Agreed with some, but I think by casting the conflict as primarily due to an increase in productivity and automation misses a key point: that our current economic climate is due to seizure in the credit markets as a result of the systemic risk of securitized debt products. It's true that the structure of labor has been gradually changing -- and rightfully so -- but that hasn't suddenly ramped up since 2008. The financial crisis was an objectively causal event in today's economy. Secondly, Silicon Valley is not the locus of corporate control over government. Wall St. has historically wielded outsize influence over government policy, which is unusual for largely nonproductive work. That, plus the permeable boundary regulatory agencies and the banks is a big reason why Wall St. is a symbolic target. Finally, I see you blame the oversaturation of subprime lending squarely on GSEs, which is pretty ridiculous. I suggest you do your homework in that area, as you don't want ideological zeal to peek through an ostensibly objective op ed.
Just got back from Marshall Park, the supposed hangout of the "Occupy Charlotte" gang. Empty. There was one scruffy loser hanging around, but he had no sign and no accessories (like tent, sleeping bag, backpack, coat, not a thing). Charlotte is officially unoccupied.
GSEs + super low rates courtesy of the Fed + CRA and other gov't "encouragement" to push (force) banks to lend was a recipe for disaster. The subprime disaster wouldn't have just randomly popped up without it. Investors, traders and house-flippers simply took what they were given and tried to squeeze every dime out of it, just like every other bubble.