insider trading & congress

[Danzig]

http://www.ft.com/cms/s/0/ad3fb44e-1...#axzz1eIqGAQeQ


i can't believe that it's been legal this long! absolutely ridiculous.

and note the amount of 1%ers in congress. occupy ought to group together and demonstrate against the criminals in d.c.-their regulations, or lack thereof, would take care of wall street.
but, wall street and our pols are hand in hand in all this. that's what has to change.
looks to me as tho glass/steagall being repealed probably helped fill a lot of wallets in d.c., hence the move to change that rule. and look where that's gotten us. housing and bank bubbles bursting, and the powers that be get rich off of it.
yes indeed, must be the american way.

[Riot]

Originally Posted by Danzig

http://www.ft.com/cms/s/0/ad3fb44e-1...#axzz1eIqGAQeQ


i can't believe that it's been legal this long! absolutely ridiculous.

and note the amount of 1%ers in congress. occupy ought to group together and demonstrate against the criminals in d.c.-their regulations, or lack thereof, would take care of wall street.
but, wall street and our pols are hand in hand in all this. that's what has to change.
looks to me as tho glass/steagall being repealed probably helped fill a lot of wallets in d.c., hence the move to change that rule. and look where that's gotten us. housing and bank bubbles bursting, and the powers that be get rich off of it.
yes indeed, must be the american way.

There is an Occupy in DC - has been since day one. The police in DC are quite used to protesters, so their tent city has no violence, it has the support of police.

There are some unions that are holding an "Occupy Congress" massive event in Washington first week of December. Google it.

[Danzig]

Originally Posted by Riot

There is an Occupy in DC - has been since day one. The police in DC are quite used to protesters, so their tent city has no violence, it has the support of police.

There are some unions that are holding an "Occupy Congress" massive event in Washington first week of December. Google it.

yes, i know there has been a group there. what i'm saying is the protesters need to band together, get a leader, actually find some cohesion. small groups in these cities can't do nearly as much as a large group in the one place that they can actually make some progress.

[Riot]

Originally Posted by Danzig

yes, i know there has been a group there. what i'm saying is the protesters need to band together, get a leader, actually find some cohesion. small groups in these cities can't do nearly as much as a large group in the one place that they can actually make some progress.

Oh, I dunno. They have spread from 200 people in one park, to hundreds of thousands at over 200 sites internationally, in only two months.

The public conversation has been changed, by Occupy, from "deficit", to "income inequality".

They had a "Move Your Money" deal against the big banks, that resulted in the largest increase in credit union accounts in one month (400,000 new accounts), ever.

Bank of America reversed their decision to add the debit card $5 a month fee.

They were very supportive and helpful in recalling the Ohio Union busting legislation on the Nov. 8 ballot.

They had thousands of union people join them last Thursday at their "N17 Day of Action", resulting in a peaceful public demonstration of 15,000 - 20,000 walking across the Brooklyn Bridge. This was less than 24 hours after Bill O'Reilly declared Occupy "dead and gone" on his television show.

That success helped encourage the unions forming an "Occupy Congress action, where they hope to bus in thousands in just a couple weeks.

Occupy citizen journalists have exposed rampant police brutality in some locations.

A Wall Street lobbying group was just exposed by MSNBC to be very worried that Occupy might permanently harm Republicans and elected officials favorable to big banks, and they were asking for nearly a million to subvert and try and destroy the movement.

They want money and corruption out of capitalism and politics. How do you think this energized, angry voting block is going to do in this next election year? They will be quite active.

I think they are making fine progress in the political world, so far.

As I have said, the "mainstream media" hardly covers any of what Occupy is doing. It's all being done in the "new" media, and virtually instantaneously.

And they have a half-million in the bank, to buy new computers to replace the ones the City of New York destroyed and mangled while "keeping their property safe for pickup".

[jms62]

So if I am on said Super Committee what is my incentive for making things go easy? I can load up on SPX puts and put on the breaks knowing any bad news will crush the market? This whole occupy thing is not focused correctly, sure big business and Wall Street buy their legislation but the real criminals are the ones selling the legislation and trading off it.. You go after the drug pushers not the drug users right, big business in this scenario is the user.

[Riot]

Originally Posted by jms62

So if I am on said Super Committee what is my incentive for making things go easy? I can load up on SPX puts and put on the breaks knowing any bad news will crush the market? This whole occupy thing is not focused correctly, sure big business and Wall Street buy their legislation but the real criminals are the ones selling the legislation and trading off it.. You go after the drug pushers not the drug users right, big business in this scenario is the user.

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?

[jms62]

Originally Posted by Riot

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?

Yup

[Riot]

Originally Posted by jms62

Yup

Yeah. Me, too, unfortunately.

[Danzig]

i think so too. remove regulations, help big business, help themselves. follow the money. it's why i said occupy needs to focus their efforts on d.c., and congress. that's where the heart of the matter is located.

[jms62]

Originally Posted by Danzig

i think so too. remove regulations, help big business, help themselves. follow the money. it's why i said occupy needs to focus their efforts on d.c., and congress. that's where the heart of the matter is located.

Absolutely nailed it

[dellinger63]

Originally Posted by Riot

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?

You mean when the Government created the EPA it was to benefit the corporate owners?

Although the creation of Freddie and Fannie, to act as the plecostomus, eating up all the crap left behind certainly benefited corporate owners and we're 'all' paying for it.


We're actually not 'all' paying for it but 50% are chipping in. Don't tell anyone but actually the top 10% earners are footing 68% of the bill, with the top quarter accounting for 85%. And they need to be paying more.

Now Cash-For-Clunkers was certainly a program that assisted corporate owners on the backs of taxpayers as were corporate bailouts that were never or partially paid back and the half billion to Solyndra was simply an 'inside' theft.

The only way to control spending by both sides is to deny them funds. Every incumbent that voted to raise the debt ceiling last go around should be voted out. They weren't duped by the Super Committee promise; they were in on it as was the President.

Next time they come with a plea to raise the ceiling they need to come with a list of a couple trillion worth of cuts they're willing to enact immediately. Or not come at all.

[Danzig]

Originally Posted by dellinger63

You mean when the Government created the EPA it was to benefit the corporate owners?

Although the creation of Freddie and Fannie, to act as the plecostomus, eating up all the crap left behind certainly benefited corporate owners and we're 'all' paying for it.


We're actually not 'all' paying for it but 50% are chipping in. Don't tell anyone but actually the top 10% earners are footing 68% of the bill, with the top quarter accounting for 85%. And they need to be paying more.

Now Cash-For-Clunkers was certainly a program that assisted corporate owners on the backs of taxpayers as were corporate bailouts that were never or partially paid back and the half billion to Solyndra was simply an 'inside' theft.

The only way to control spending by both sides is to deny them funds. Every incumbent that voted to raise the debt ceiling last go around should be voted out. They weren't duped by the Super Committee promise; they were in on it as was the President.

Next time they come with a plea to raise the ceiling they need to come with a list of a couple trillion worth of cuts they're willing to enact immediately. Or not come at all.

what has all this babbling got to do with the banking industry, wall street, and congress all making money off the current economic situation? the govt isn't making any money, but the members of congress are. or are you completely ignoring the insider trading stories currently in circulation?

[dellinger63]

Originally Posted by Danzig

what has all this babbling got to do with the banking industry, wall street, and congress all making money off the current economic situation? the govt isn't making any money, but the members of congress are. or are you completely ignoring the insider trading stories currently in circulation?

Nothing, it was a response to

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?

carry on

[timmgirvan]

Originally Posted by Riot

So .. do you believe, "Congress is a wholly-owned subsidy of big business, and has spent the last 40 years systematically dismantling as much regulation and safeguards as they could, for their corporate owner's benefit" ?

Sadly,unbelievably true!

[Riot]

Originally Posted by Danzig

i think so too. remove regulations, help big business, help themselves. follow the money. it's why i said occupy needs to focus their efforts on d.c., and congress. that's where the heart of the matter is located.

I think politicians are torn. Occupy won't come to them, Occupy won't endorse, Occupy won't be co-opted, the pols will have to admit they agree with Occupy values, but prove it with their actions ... the only ones so far are Elizabeth Warren and Bernie Sanders. Russ Feingold in Wisconsin ... I'm sure others here can think of names.

Dem or GOP, it doesn't matter, Occupy doesn't care. We'll see who is beholden and owned by their corporate owners (virtually all of them), and who is free to embrace the movements values and stand up to scrutiny by that movement as to the truth of it.

MoveOn.org and the unions are trying to move off the Occupy momentum, but the movement is staying independent. Extremely political, but not beholden. Run in a different manner, with GA's not "leaders". It's hard for some to grasp. But it's working very well so far.

[Riot]

Originally Posted by timmgirvan

Sadly,unbelievably true!

That's why there's some Tea Party folks in the Occupy movement And there are tons of Rand Paul followers!

[jms62]

Originally Posted by Riot

That's why there's some Tea Party folks in the Occupy movement And there are tons of Rand Paul followers!

And that is why Newt made a huge mistake in his outright disdain and disrespect that he articulated about the movement.