OWS plans march on millionaire's homes

Wrong? If it makes you fell better, I was wrong. Are you saying the cons don't attack the left? That is what I was referring to in that 1 particular post, since a person on the left side was being attacked by what appeared to be posters from the right.
BTW, I believe they are 1 and the same so in my mind a L attacking an R or vice versa is the same thing.

 

Yes, you were wrong and you moved the goal posts.

 

OK, TY for pointing that out.

 

Your beef should be with the myopic social engineering and fraud perpetrated by an unconstitutional federal government.....

to name a few in a long, unsavory line.....Carter, for being cowed by progressive leftist activists into forcing banks to loosen prudent lending practices....Clinton for increasing the percentage of these "quota" loans....the 106th congress and Clinton for repealing the Glass Steagall act.... Frank, Dodd, and a host of other criminals in the quazi government entities Mae & Mac....

but you agenda laden leftists must go to great lengths to protect your almighty god of freebie distribution and deliverer of social "justice"

by projecting all your angst on "evil" corporations, bankers and capitalism itself.

 

In your mind, why does the gov't do those things? Who tells the gov't what to do? They get elected and need to cater to someone/thing, who or what is that?

 

In far too many cases, "special interest"....that very successfully lobby a very receptive, equally self serving, criminal federal government..... the only one of the two that can actually grant or enact their wishes into policy.

But, it seems you lefties keep blaming the inherent human qualities of self interest/preservation and 'seeking least resistance'....instead of blaming those with the power to requisition and apply the grease...all while attaching some "moral obligation" to individual capitalists to service the "hive".

 

No one forced the banks to make these loans. Subprime loans were not designed under any program created by the government. They were designed by banks in order to make a quick buck by selling toxic loans as a bundle with good loans to unsuspecting investors. They not only made money on the snake like interest rates but when people didn't pay they made money by hiding the loans in a pile and selling the pile to investors who had no idea what they were getting into. It was a strategic plan invented by the banks to make quick money with no risk whatsoever. There isn't a government program out there that told the banks to run that scam.

 

The gov't is a puppet. They do what they're paid to do.
I'm not sure what you mean by preserving self interests? Is that, the gov't wanted to get more people owning homes, good idea gone bad, and banks taking advantage of that by creating loans to people who never could pay those loans and then created means to package those loans to hopefully avert risks, self preserving?

 

You need to step away from the leftie talking point narratives, and do some independent research....I'm not going to further waste my time explaining the sorid history between social activism, banks and the receptive, myopic federal government.

And....my apologies for 'calling you out' earlier....don't make me do it again.

 

I don't go to left wing blogs for my information. I only learn from economists and experts on the financial industry. And none of them. (I do mean NONE) are saying what you're saying. That government forced them to make these loans. Which experts are you getting your info from? And what what do they have to gain from lying to the American people?

 

Briefly....

Humans, as a rule, seek low risk and the path of least resistance to satisfy their self interest....

when government creates an environment that exposes humans (private lenders) to increased risks accociated with "quota" loans based on "low income status"

...then, a quazi government entity (Mae/Mac) provides a place to ship off these higher risk loans... while implying they're 'government backed' (least resistence/lower risk), it nurtures the "pass the buck" scenario that delivered the housing bubble and subsequent meltdown.

Thusly....this entire fiasco can be laid solely at the feet of government....for attempting to socially engineer and financially manipulate "the dream of home ownership"...independent of natural market forces...and irrespective of human nature.

 

Of course there are no independent studies or experts in the field that support this claim.

 

So, it was the gov't that concocted this plan? Not some bankster who saw an opportunity to get the gov't to help them make some money?
I repeat, gov't only does what they are told to do so they can get re-elected. I'm not disputing you, but you say gov't tells banks what to do and not the other way around.
I don't buy it.

 

There are literally thousands of explanations as to what brought on the housing bubble....and every one of them...depending on the agenda of the author....places varying degrees of complicity on government.

This author simply places all of it on myopic government attempts to deliver social "justice"

 

Activist and government inspired "social justice" concocted this plan....banks, naturally, took full advantage of it.

 

Keyword is Author. As in someone who makes (*)(*)(*)(*) up for a living. If you're listening to authors for your political ideology you're doing it wrong. These aren't authors I'm listening to. It's scientific studies and raw numbers that say government program loans like CRA were a very small minority of the problem loans. What studies and data do you have to support your claim?

 

By activists, you mean those who wanted to better the lower class lives?
And innocent banksters just happened to be there to help out.

You have a problem with helping those in the lower classes of society?

 

Do you think Ms. Pelosi would like and applaud masses of people trampling on her lawn and invading her property rights?

How many of these people are Jewish? Anyone know? Because this whole OWS thing is anti-semitic.

Morgan Chase CEO Jamie Dimon, billionaire businessman David Koch, financier Howard Milstein, hedge fund maven John Paulson and News Corp. Chairman and CEO Rupert Murdoch, Crain's New York Business reported.

The answer is that ALL of those whose homes will be invaded by these anti-capitalist losers are Jewish.

Are they going to target the homes of CEO's of Fannie Mae and Freddie Mac?

 

Why was Glass-Stegall repealled?

 

[ame="http://www.youtube.com/watch?v=qlPY9AfQFqI&feature=player_embedded"]Ultimately violence will be necessary, says Occupy L.A. speaker - Pt2 10/01/2011 - YouTube[/ame]

darn right the french revolution was bloody. It came round and bit those that started it. I'd keep that in mind if i were these folk. Although. I'm sure their marxist professors didn't tell them that last part.

 

"Authors" give existence to your "scientific studies and raw numbers".

If you cannot even understand how data is compiled and presented....I'm gonna have to bow out here, dude.

 

Special interests petitioned a receptive government.

 

Interesting, I've not heard anything about 2nd ammendment solutions. Only those unemployed communists would ever think about 2nd ammendment solutions. Or was that a different group?

 

So the gov't didn't just do it, they only did what they were told.
Yet you harp on the gov't, shouldn't your anger be at the "special interests". Or did those community activists ask for the repeal?

 

I doubt many of them ever worked a day in their lives.