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Markji
Posts: 22753 Alba Posts: -4 Joined: 9/14/2007 Member: #1673 USA |
![]() OK Jrod, here is someone with a little more intelligence speaking up for the Wall St protesters. The wealthy don't want their control of the system impinged upon in any way.
Note: Paul Krugman won the Nobel Prize in Economics (2008) and graduated from JFK High School in Bellemore, Long Island. He is a New Yorker! Panic of the Plutocrats The difference between fiction and reality? Fiction has to make sense.
Tom Clancy - author
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jrodmc
Posts: 32927 Alba Posts: 50 Joined: 11/24/2004 Member: #805 USA |
![]() Markji wrote:OK Jrod, here is someone with a little more intelligence speaking up for the Wall St protesters. The wealthy don't want their control of the system impinged upon in any way. And where in this intelligent article does it show what the agenda is? How does the "rigged system" get fixed? I listen to the audio of the protests every morning. They're given mics by news sources all over the country, and they still say nothing. They're yelling and moving from site to site, and no one ever talks about what the goal is, or what they're trying to achieve. All they know and keep saying is there are rich people who should pay more taxes. And the police are overreacting by arresting some of them. Oh yeah, and stop the war. Yes, they're are rich people who make money off evil hedge funds and CDO's. CDO's, by the way, that were instruments backed by "individuals" who were happy to get into a mortgage that there was no way in hell they could afford. And the institutions were bailed out by your POTUS and TARP funds that were authorized by your current administration. Which your current taxpayers voted in. The real criticism is that America's oligarch's are rich. And the protester's are not. Funny, where was Occupy Wall Street 4-5 years ago before the market collapsed, and all these mortgage-backed CDO's went into default? It's funny, I don't recall any "Occupy Wall Street" protests when Merrill Lynch was trading in the 90's... It would be interesting to see how many of these fine young protesters were day trading a few years ago... And quoting FDR about economic royalists when FDR was an economic royalist is tremendously brilliant. NY Times. Fair. Balanced. Objective. |
Markji
Posts: 22753 Alba Posts: -4 Joined: 9/14/2007 Member: #1673 USA |
![]() jrodmc wrote:Markji wrote:OK Jrod, here is someone with a little more intelligence speaking up for the Wall St protesters. The wealthy don't want their control of the system impinged upon in any way. Well, at long last you finally admit that the system is rigged! That is the basic message of the protesters. Krugman has written numerous articles on how to fix it. Do your homework; look it up and get a balanced view. Many others including people dealing in the financial markets have written as well. The Big Banks and Financial Markets do need to be regulated but their money and influence stops action against them. Buying off politicians with large campaigm contributions. FOX News, owned, run and controlled by Rupert Murdoch influences people by presenting very lopsided information and spouts emotional rhetoric. Etc. Moonangie and Martin's comments are good and insightful. Moonangie - Actually, it was Bush who authorized the bailout, and it was the Bush Administrations lack of oversight and focus on deregulation and unbridled greed that laid the foundation for the bubble and subsequent financial calamity. Obama had to deal with it, that's true. But like so many Fox news acolytes, you have your facts confused with your fictions. The difference between fiction and reality? Fiction has to make sense.
Tom Clancy - author
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