I assume by "we" you mean American citizens in general. Well, we did get something out of the bailouts. For starters, the obvious one is that many people in the 99% who work for those companies were able to keep their jobs--there may have been layoffs but that's not as bad as 100% of the workers losing their jobs because the company no longer exists. Second, the government actually made a profit on the bailouts and started seeing a profitable return on those bailouts as far back as 2009. I wonder how many protesters realize that the bailouts have been paid back and that the government made money from it. I'd guess the number is pretty low since I see and hear so many people mention the bailouts when explaining why this movement is focusing on Wall Street instead of the government.
Shortly after the article in the 2nd link was published, Bank of America, Citibank, and Wells Fargo paid back their bailout money, too. The government turned a $12 billion profit off the Citi bailout alone.
What about Bear Sterns and Lehman brothers, etc. Ya know the ones the government choose not to bail out? if it was Such a lucrative investment, why were only certain companies helped? Something is rotten in Denmark.
Bear Stearns was bailed out in a way. The government was going to give them a 28-day loan to help them out but realized that it wasn't going to help and wound up lending money to JP Morgan Chase, who then bought Bear Stearns.
Lehman Brothers was a different story. The government did not feel that the company had the collateral needed to give them a loan under those circumstances. TARP did not exist until after their collapse, so the government could not provide the same type of bailout loans that it later gave other banks. The government did try to help find a buyer for Lehman Brothers but Bank of America chose to buy Merril Lynch instead and Barclays was willing but unable to meet the requirements of the purchase due to a British law that required either shareholder approval of the terms of the deal or a waiver of that requirement from the British government and the British government would not grant the waiver so the deal fell through. The terms of the proposed deal were the same terms as the Bear Stearns deal, which was that Barclays had to guarantee Lehman's current and future business transactions until the deal closed.
But even if there was some darker reason behind the government's refusal to bail out Lehman Brothers, that would still point to the government as the problem. The government makes the laws and these companies just operate within them. But it's easier for a lot of people to blame faceless corporations for everything than it is to look at Obama because most of the OWS protesters supported him in 2008 and will again in 2012. The only way these companies are going to change the way they operate is if they are forced to by the government and the last time I checked the White House and Capitol Building aren't on Wall Street. So if the goal is really to make an actual difference, they should head to DC to protest and encourage every eligible voter who is unhappy with the government to vote because when an interesting Presidential election only gets 56% turnout (like it did in 2008) the government isn't going to pay attention to the average person's complaints about these sorts of things.
What about Bear Sterns and Lehman brothers, etc. Ya know the ones the government choose not to bail out? if it was Such a lucrative investment, why were only certain companies helped? Something is rotten in Denmark.
There's a movement on Facebook to Occupy Washington, i believe on January 17th, they're trying to get a million people, well see.
Is that MLK Day?
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
There's a movement on Facebook to Occupy Washington, i believe on January 17th, they're trying to get a million people, well see.
Is that MLK Day?
Oh ok. Thanks!
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
True. But all the false hope made them tip.
The high price of impatience: Michelle jets off to Hawaii with the kids for 17 day vacation before the President can leave ... at a cost of $100,000 to the taxpayer
The move also puts the president at odds with one of his own executive orders that instructed agencies to avoid unnecessary flights
The New York Police Department said 68 people were arrested, and at least one person was accused of assaulting a police officer, who suffered cuts on one hand. Other charges included trespassing, disorderly conduct and reckless endangerment.
This is the best part....HOW CUTE!
"People were collecting all the barricades and making kind of a big heap of them in the middle of the park," said protester Melanie Butler, 30, of Brooklyn. "And we were standing on it with our Occupy Wall Street banner."
"Once again, a violent splinter group of the Occupy movement is engaging in violent actions against Oakland," she said, speaking as officers in riot gear were still lined up against demonstrators in downtown intersections.
City Council President Larry Reid said a group of protesters broke into City Hall, damaging exhibits and burning a U.S. flag.
"Officers were pelted with bottles, metal pipe, rocks, spray cans, improvised explosive devices and burning flares," the Oakland Police Department said in a statement. "Oakland Police Department deployed smoke and tear gas."
"Once again, a violent splinter group of the Occupy movement is engaging in violent actions against Oakland," she said, speaking as officers in riot gear were still lined up against demonstrators in downtown intersections.
City Council President Larry Reid said a group of protesters broke into City Hall, damaging exhibits and burning a U.S. flag.
"Officers were pelted with bottles, metal pipe, rocks, spray cans, improvised explosive devices and burning flares," the Oakland Police Department said in a statement. "Oakland Police Department deployed smoke and tear gas."
i guess it is just easier to beat the shit out of the protestors and provoke them into committing these crimes than to actually try to change the things that they are protesting against....
"You can tell the greatness of a man by what makes him angry." - Lincoln
Why the hell are journalists being arrested at Occupy places? Such a disgrace for them to be arrested while doing their job.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
Why the hell are journalists being arrested at Occupy places? Such a disgrace for them to be arrested while doing their job.
there is no free press in america anymore.
welcome to the police state....actually the police forces are becoming more militarized by the day, so how far away are we from being a state controlled by the military?
"You can tell the greatness of a man by what makes him angry." - Lincoln
Why the hell are journalists being arrested at Occupy places? Such a disgrace for them to be arrested while doing their job.
there is no free press in america anymore.
welcome to the police state....actually the police forces are becoming more militarized by the day, so how far away are we from being a state controlled by the military?
Very close.
Shows: 6.27.08 Hartford, CT/5.15.10 Hartford, CT/6.18.2011 Hartford, CT (EV Solo)/10.19.13 Brooklyn/10.25.13 Hartford
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
It's not the occupy movement huh?
There were about 2000 people there and 400 arrests.
Lmfao.
They can't even control themselves.
Hahaha. Nice movement. Hows that working for ya. Besides, as I've said before, they are not the 99%...
No way in hell would the top ten to twenty percent associate themselves with the likes of those.
I would say its more like "we are the entitlement society and we are the bottom half but we will throw in another 49% for credibility"
In Oakland...
Officers were "pelted" with bottles, metal pipes, rocks and burning flares, police said.
No big deal, just read an article from Occupy Oakland the whole city is now under threat of federal take over by a judge until all these injustices by its administration and its police department and tactics are investigated. So....
No big deal, just read an article from Occupy Oakland the whole city is now under threat of federal take over by a judge until all these injustices by its administration and its police department and tactics are investigated. So....
i thought the righties on here are all for free speech and free assembly?
it is all about "freedom" on some issues and all about small government, yet nobody is standing up and complaining about how the police are not only trampling people's rights on behalf of the state, but they are actually exacerbating the issue with the way they are acting.
is it ok when the message is racist and personal attacks based on outright lies directed at a particular politician and not ok when it is speaking out on things that actually matter, like corporate greed and income inequality?
and it is telling how the support of police brutality and how these cops are acting changes depending on your political persuasion.. the cops are pushing these people and if you push people enough they will push back..
the police are becoming more militarized and this OWS movement has pointed that out.
is nobody concerned about that??
"You can tell the greatness of a man by what makes him angry." - Lincoln
i thought the righties on here are all for free speech and free assembly?
it is all about "freedom" on some issues and all about small government, yet nobody is standing up and complaining about how the police are not only trampling people's rights on behalf of the state, but they are actually exacerbating the issue with the way they are acting.
is it ok when the message is racist and personal attacks based on outright lies directed at a particular politician and not ok when it is speaking out on things that actually matter, like corporate greed and income inequality?
and it is telling how the support of police brutality and how these cops are acting changes depending on your political persuasion.. the cops are pushing these people and if you push people enough they will push back..
the police are becoming more militarized and this OWS movement has pointed that out.
is nobody concerned about that??
It's Oakland. There is a long history of negative actions on both sides of the looking glass that extend well beyond the creation of OWS. If this was happening everywhere, I would be more concerned.
I used to live near Oakland and I treated dusk just like I would if living near a vampire colony.
OWS probably would've been even bigger if McCain were President, and I think most of them never believed in Obama to begin with. I witnessed the scene at Zuccotti Park with my own eyes in early November... it was just a bunch of self-righteous anarchists who believe THEY are the only ones who can change the world and we should have hope in them.
Comments
Agree! they are Ratfucks, so is J P Morgan
Lehman Brothers was a different story. The government did not feel that the company had the collateral needed to give them a loan under those circumstances. TARP did not exist until after their collapse, so the government could not provide the same type of bailout loans that it later gave other banks. The government did try to help find a buyer for Lehman Brothers but Bank of America chose to buy Merril Lynch instead and Barclays was willing but unable to meet the requirements of the purchase due to a British law that required either shareholder approval of the terms of the deal or a waiver of that requirement from the British government and the British government would not grant the waiver so the deal fell through. The terms of the proposed deal were the same terms as the Bear Stearns deal, which was that Barclays had to guarantee Lehman's current and future business transactions until the deal closed.
But even if there was some darker reason behind the government's refusal to bail out Lehman Brothers, that would still point to the government as the problem. The government makes the laws and these companies just operate within them. But it's easier for a lot of people to blame faceless corporations for everything than it is to look at Obama because most of the OWS protesters supported him in 2008 and will again in 2012. The only way these companies are going to change the way they operate is if they are forced to by the government and the last time I checked the White House and Capitol Building aren't on Wall Street. So if the goal is really to make an actual difference, they should head to DC to protest and encourage every eligible voter who is unhappy with the government to vote because when an interesting Presidential election only gets 56% turnout (like it did in 2008) the government isn't going to pay attention to the average person's complaints about these sorts of things.
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
edit: "dirthday" is probably not a real word :crazy:
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
http://www.youtube.com/embed/OAOrT0OcHh ... ch=0&showi
The high price of impatience: Michelle jets off to Hawaii with the kids for 17 day vacation before the President can leave ... at a cost of $100,000 to the taxpayer
The move also puts the president at odds with one of his own executive orders that instructed agencies to avoid unnecessary flights
Read more: http://www.dailymail.co.uk/news/article ... z1h0ailSzD
The New York Police Department said 68 people were arrested, and at least one person was accused of assaulting a police officer, who suffered cuts on one hand. Other charges included trespassing, disorderly conduct and reckless endangerment.
This is the best part....HOW CUTE!
"People were collecting all the barricades and making kind of a big heap of them in the middle of the park," said protester Melanie Butler, 30, of Brooklyn. "And we were standing on it with our Occupy Wall Street banner."
Yeah....we lose!
Rose bowl felons
This Occupy movement is a disgrace.
"Once again, a violent splinter group of the Occupy movement is engaging in violent actions against Oakland," she said, speaking as officers in riot gear were still lined up against demonstrators in downtown intersections.
City Council President Larry Reid said a group of protesters broke into City Hall, damaging exhibits and burning a U.S. flag.
"Officers were pelted with bottles, metal pipe, rocks, spray cans, improvised explosive devices and burning flares," the Oakland Police Department said in a statement. "Oakland Police Department deployed smoke and tear gas."
http://news.yahoo.com/police-smoke-gren ... 45184.html
"Well, you tell him that I don't talk to suckas."
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
welcome to the police state....actually the police forces are becoming more militarized by the day, so how far away are we from being a state controlled by the military?
"Well, you tell him that I don't talk to suckas."
"Becoming a Bruce fan is like hitting puberty as a musical fan. It's inevitable." - dcfaithful
There were about 2000 people there and 400 arrests.
Lmfao.
They can't even control themselves.
Hahaha. Nice movement. Hows that working for ya. Besides, as I've said before, they are not the 99%...
No way in hell would the top ten to twenty percent associate themselves with the likes of those.
I would say its more like "we are the entitlement society and we are the bottom half but we will throw in another 49% for credibility"
In Oakland...
Officers were "pelted" with bottles, metal pipes, rocks and burning flares, police said.
What a shame
I can't believe it you really have a terrible attitude.
Sounds like you would sell your soul before you'd even stand up for what is right and just.
By the way, isnt that how Nazi Germany started?
People turning a blind eye. Laughing at those who they believed were "below" themselves.
Just sayin.
Eat provocateur propaganda, its good for yah.
Im just waiting for you to report me. Once again here my friends we see is the neo mentality. Whine & report fellow citizens.
Post a link to the article
Besides not instituting changes in the police force they are also asking for in depth analysis on the way Occupy Protest are being handled.
How is that movement goin' for ya?
Oh yeah, if you keep vandalizing, I hope the cops fuck you up!
Stop wasting my tax money.
it is all about "freedom" on some issues and all about small government, yet nobody is standing up and complaining about how the police are not only trampling people's rights on behalf of the state, but they are actually exacerbating the issue with the way they are acting.
is it ok when the message is racist and personal attacks based on outright lies directed at a particular politician and not ok when it is speaking out on things that actually matter, like corporate greed and income inequality?
and it is telling how the support of police brutality and how these cops are acting changes depending on your political persuasion.. the cops are pushing these people and if you push people enough they will push back..
the police are becoming more militarized and this OWS movement has pointed that out.
is nobody concerned about that??
"Well, you tell him that I don't talk to suckas."
I used to live near Oakland and I treated dusk just like I would if living near a vampire colony.
http://www.indecisionforever.com/blog/2 ... -tea-party
burning flags, trashing cities ($5mil estimated in Oakland alone) injuring police (3 in Oakland just this time)
revolutionary leftists trying to stop America's capitalism. Good luck with that. Not on my watch.