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spidey

Trad climber
Berkeley CA
Oct 2, 2011 - 03:47pm PT
This is a link to their first "official statement"...

http://getgrounded.tv/2011/10/02/grounded-news-first-%E2%80%98official%E2%80%99-statement-from-the-occupy-wall-street-movement/
Jim Brennan

Trad climber
Vancouver Canada
Oct 2, 2011 - 03:47pm PT
Bluering,

As a well known supporter of the people in uniform, can you emphatically state they don't feel cheated for their service ? Iraq and Afghanistan were about oil acquisition. even arch Republican Greenspan admitted that on retirement.

Maybe people really getting shot at for principles would like the reason to be valid.

Jim
spidey

Trad climber
Berkeley CA
Oct 2, 2011 - 04:00pm PT

http://www.huffingtonpost.com/2011/09/30/occupy-wall-street-protests-new-york_n_989221.html

Occupy Wall Street: NYPD Arrests 700 Protesters On Brooklyn Bridge [LATEST UPDATES]
Occupy Wall Street


Hundreds of people protesting Wall Street abuses were penned in and arrested by police Saturday, two weeks into an ongoing demonstration that has become known on Twitter as #OccupyWallStreet.

Centered at Zuccotti Park since September 17, the gathering that began as a call to arms from anti-consumerist magazine AdBusters has shown no sign of a slowdown.

The movement aims to "express a feeling of mass injustice," according to the group’s declaration for the occupation of New York City released Friday. The injustices include the foreclosure crisis, work place discrimination and student loan debt, among a list of others.

As HuffPost reported recently, the movement is less about specific policy demands and more about an expression of opposition to ever yawning economic inequality driven by Wall Street and its allies in Washington.

Calling themselves an American revolution, the protesters say they plan to stay in the park indefinitely.

Greg Basta, an official with New York Communities for Change, said that the organizers were encouraged by police on Saturday to march on the street area of the Brooklyn Bridge, instead of the walkway, then subsequently arrested them for marching in traffic. Two lead organizers, Jonathan Westin and Pete Nagy, were penned in by police. Westin managed to exit the police pen, but Nagy is missing and presumed detained by police, Basta told HuffPost.

"Police say some demonstrators spilled onto the roadway Saturday night after being told to stay on the pedestrian pathway," the Associated Press reported.

Similar demonstrations started Saturday in Washington and Los Angeles.

Shon Botado, a protester staffing a first aid station in New York, told The Huffington Post on Friday that he’s not leaving “until change is made to the financial structure.”

Ron Anderson

Trad climber
USA Carson city Nev.
Oct 2, 2011 - 04:02pm PT
maybe,,,just maybe,, its the start of something good in this country.
Brandon-

climber
The Granite State.
Oct 2, 2011 - 04:10pm PT
Ron, I sure hope this gains momentum.

Again, it's not a partisan issue, some here have blinders on in regards to the news. It IS NOT a political issue, it's more broad than that.

It seems to be about fairness and accountability and I hope it is about empathy for your fellow man trumping greed.
spidey

Trad climber
Berkeley CA
Oct 2, 2011 - 04:20pm PT
Here is a look at the protest in action...

http://www.youtube.com/watch?feature=player_embedded&v=fockzr7rXys#!

Jim Brennan

Trad climber
Vancouver Canada
Oct 2, 2011 - 04:25pm PT
In Canada, banks are allowed to loan 7 times more than the assets they hold. This is conservative compared to the amounts loanable that only exist through gambling on people paying on time(same as Canada) in the USA.

If free enterprise was truly free, the institution you put in and borrowed your money from would prosper or fail on their ability to perform.

Karl Baba

Trad climber
Yosemite, Ca
Oct 2, 2011 - 04:34pm PT
Yeah, it's an inherently profitable business if you don't get super greedy.

A bank sells you a CD for $100,000 and pays 1/2 % interest on it these days. From that deposit they can loan out S1,000,000 of computer generated money for a mortgage and charge 5% on that money. 5% of 1,000,000 is $50,000 and to earn that they only had to give out $5,000 plus their overhead.

Nobody else has that sort of profit margin. It's only by leveraging, fudging and fooling dangerously that they can't make their business a cash cow, which it is, except the CEO don't want to take cuts in their multi-million dollars salaries to pay for bad calls they made trying to make ever greater profits

peace

Karl
Chaz

Trad climber
greater Boss Angeles area
Oct 2, 2011 - 04:35pm PT
Weschrist,

They didn't listen to the cops. That's why they got arrested.
Karl Baba

Trad climber
Yosemite, Ca
Oct 2, 2011 - 04:36pm PT
We didn't listen to the British, that's how we got America
Dave

Mountain climber
the ANTI-fresno
Oct 2, 2011 - 05:50pm PT
"if they earned less bonus incentives in new contracts than the year before, then they got none of it."

That statement makes absolutely no sense, Cleo.

Did they earn less bonus, receive fewer incentives to sign contracts, or sign fewer contracts?

I have worked for and with consulting engineering firms and have not found your statement (confusing at it is) true for most companies in my industry.
Dr.Sprock

Boulder climber
I'm James Brown, Bi-atch!
Oct 2, 2011 - 06:19pm PT
be afraid be very afrAID

FOR THIS IS A SMALL SAMPLE OF THINGS TO COME

or not.

just load up the 12 gauge and buy a big bag of bisanti rice,

Jim Brennan

Trad climber
Vancouver Canada
Oct 2, 2011 - 06:21pm PT
Skip,

What does this have to do with Obama or even Bush ? It has more to do with enforcing the law. The law is not being applied to a sector of criminal behavior that includes a revolving door for lucrative jobs as private pirates or federal overseers.
Jim Brennan

Trad climber
Vancouver Canada
Oct 2, 2011 - 06:31pm PT
Skip,

your points can rise or fall on their own merits.

Unfortunately for your thing about less government, less government (no enforcement of law) is why whole scale rip offs are explained away as just economic bad luck. You know, unsophisticated investors and all the other pablum criminals feed people.
Brandon-

climber
The Granite State.
Oct 2, 2011 - 06:37pm PT
Oct 2, 2011 - 03:19pm PT
be afraid be very afrAID

FOR THIS IS A SMALL SAMPLE OF THINGS TO COME

or not.

just load up the 12 gauge and buy a big bag of bisanti rice,


Don't forget the bath salts.



Dr.Sprock

Boulder climber
I'm James Brown, Bi-atch!
Oct 2, 2011 - 06:46pm PT
that makes sense.
Brandon-

climber
The Granite State.
Oct 2, 2011 - 06:47pm PT
OK, here's an example of how I conduct business.

I recently finished a project where I was building a playground for a local nonprofit. We bid on it at a discounted hourly rate. We finished early and below budget. The three of us that were equal partners on the project took the dividend on the bid and gave it back to the nonprofit as a charitable, tax deductible donation.

I made exceptional money despite the intentional pay cut, and managed to give a cool thousand dollars back to the community center.

Not sure if this fits into this conversation, but I suspect it does.
Norton

Social climber
the Wastelands
Oct 2, 2011 - 06:51pm PT

+1 for doing business that way Brandon, especially for a non profit
Dr.Sprock

Boulder climber
I'm James Brown, Bi-atch!
Oct 2, 2011 - 06:55pm PT
you can not buy a country,

you have to earn it,


what that means is beyond my comprehension,

niners win again, wtf?

lucy, you have some splainin to do,

ricky retardo

late nite hero for insomniacs, methodists, narco snorters, you name it, we got it at rays chowder house,

Jingy

climber
Somewhere out there
Oct 2, 2011 - 07:01pm PT
ST full of smart theory flies out the window when I read the first few of this thread today...

They (the protesters) are calling themselves the 99%.

They are calling for equality.

Good source of information so far has been Democracy Now.

http://www.youtube.com/user/democracynow

For more on the occupy wall street story:
http://www.youtube.com/user/democracynow#p/a/u/0/RSvutn9aNKE



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