Wall Street Heist (brief, powerful documentary), page 2
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reply posted on 7-3-2010 @ 09:29 PM by GreenBicMan
reply to post by helltick



Shill?

One of the nicer names I have been called on this board in recent memory, almost feel that I should make you my "friend". But for shill you are definitely not my "foe".

But oh yes, big bad wall st. out to haunt your nightmares and pillage and rape your children. Add some vampires and blood and you have the normal trading day from 9:30-4:00.

[edit on 7-3-2010 by GreenBicMan]


reply posted on 7-3-2010 @ 09:30 PM by GreenBicMan
reply to post by drew hempel



Greenspan was an idiot, no doubt, many have came to realize his cutting rates in early 2000 was a mistake.

Paulson? No doubt, foe of Lehman, let them fail. He is to blame as well. As I said there are a handful of people, you just named two.

Good job


reply posted on 7-3-2010 @ 09:33 PM by drew hempel
reply to post by GreenBicMan



Gee do I get a green star?

ipsnews.net...


The 231-page report, "Sold Out: How Wall Street and Washington Betrayed America," shows that the financial sector invested more than 5 billion dollars on purchasing political influence in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse.




reply posted on 7-3-2010 @ 09:35 PM by GreenBicMan
reply to post by drew hempel



It's more like how your CONGRESS let down America, not wall st.

Who allows donations to political parties. Wall St. does not make those rules.

I am against that as well... I still do not see the original correlation between OTC Derivatives and regulated securities traded on Wall St.


reply posted on 7-3-2010 @ 09:36 PM by drew hempel
reply to post by GreenBicMan



Now you're getting silly.

www.amazon.com...=sr_1_2?ie=UTF8&s=books&qid=1268018685&sr=1-2


Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks—Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley—which together control assets amounting, astonishingly, to more than 60 percent of the country’s gross domestic product, these financial institutions (now more emphatically “too big to fail”) continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic “business as usual” practices. How did this come to be—and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy.



reply posted on 7-3-2010 @ 09:38 PM by GreenBicMan
reply to post by drew hempel



So what are you saying? You are against big business?

I am not sure what the point is you are trying to get at. Also not sure why you are demonizing banks that were forced to receive TARP monies even if they did not need them.

You should be more upset at your representatives. Seriously.


reply posted on 7-3-2010 @ 09:40 PM by drew hempel
reply to post by GreenBicMan



www.amazon.com...=sr_1_20?ie=UTF8&s=books&qid=1268019495&sr=1-20


Orange County, California. Amid the wreckage of the S&L scandal, a group of maverick entrepreneurs hatch a new money-making scheme: writing "subprime" loans at exorbitant prices and bundling them into securities for eager Wall Street banks. In this stunning narrative, award-winning investigative reporter Michael W. Hudson digs inside the boiler rooms and investment banks that flooded the nation with high-risk, high-profit mortgages. At Ameriquest Mortgage, the nation's largest subprime lender, salesmen sniff out vulnerable homeowners prone to refinancing pitches, and sometimes use Wite-Out to doctor documents. At rival FAMCO, employees memorize "The Monster," a high-pressure sales tactic crafted to obscure interest rates—and so unscrupulous that a former used car salesman turned loan officer calls his state attorney general. With support from Washington bureaucrats and Wall Street, subprime grows into a $1.5 trillion behemoth—devastating the lives of millions of homeowners, toppling Lehman Brothers, and wounding the U.S. economy.



reply posted on 7-3-2010 @ 09:44 PM by GreenBicMan
reply to post by drew hempel



Again, who allowed for this lending to take place? The govt. was "bout-it' bout-it".

Oh that's it again your elected representatives.

Do we have to keep the same cycle of you finding links and me responding?

It funnels back to your elected officials most often. You have a voice in that, vote them out of office.



reply posted on 7-3-2010 @ 09:51 PM by drew hempel
reply to post by GreenBicMan



This stuff ain't new btw:


Undue Influence: How the Wall Street Elite Puts the Financial System at Risk by Charles R. Geisst (Hardcover - Nov. 22, 2004)

The Pied Pipers of Wall Street: How Analysts Sell You Down the River by Benjamin Mark Cole (Hardcover - May 2001)

Deregulating Wall Street: Commercial Bank Penetration of the Corporate Securities Market (Wiley Professional Banking and Finance Series) by Ingo Walter (Hardcover - June 1985)

Pages of shame: An expose of the nine major financial conspiracies that placed the industrial life of this nation in the power of the Wall Street money trust by Charles F Leonard (Unknown Binding - 1927)


reply posted on 7-3-2010 @ 09:53 PM by GreenBicMan
reply to post by drew hempel



This will be my last response to your posting of links randomly.

Guess who sets regulations?

Your elected representatives.

Good place to start asking questions would be

finance.senate.gov...

That is all.

GL rest of the way my friend.


reply posted on 7-3-2010 @ 10:04 PM by GreenBicMan
reply to post by helltick



Yar' now you got it matie!

Set sail due East, Full sail ahead!

Don't forget if you have a 401k, IRA, etc. you have also contributed to this mess. Best place to look would be the mirror! ArrrhhhHgggg!!!!


reply posted on 7-3-2010 @ 10:15 PM by drew hempel
reply to post by GreenBicMan




Wall Street created the CIA!!

www.fromthewilderness.com...


Remember - The National Security Act of 1947, which created the CIA, was written by Wall Street lawyer and banker Clark Clifford. Clark Clifford is the man who brought the CIA backed drug bank BCCI into the United States. Allen Dulles who virtually designed the CIA and served as its Director, and his brother John Foster who was Eisenhower's Secretary of State, were Wall Street lawyers from the firm Sullivan and Cromwell. Dwight Eisenhower's personal liaison with the CIA was none other than Nelson Rockefeller. William Casey was Chairman of the Securities and Exchange Commission under Richard Nixon. Former CIA Directors from William Raborn to William Webster to Robert Gates to James Woolsey to John Deutch all sit or have sat on the Boards of the largest, richest and most powerful companies in America.


Ever heard of Economic Hit Men?

www.democracynow.org...



So many of them. You know, we’ve seen them recently on Wall Street, the people from Goldman Sachs and Citigroup and so many other organizations, people like Jack Welch, who is a former CEO of General Electric. And as I lecture at business schools and MBA programs, Jack Welch is often held up as this idol. Jack Welch laid off a quarter of GE’s employees. You know, he said he was making the company meaner and leaner—he certainly was making it meaner—gave himself huge raises and bonuses at the same time, turned General Electric essentially from a manufacturing company into a financial services company, which really was one of the leaders in taking us down this course today that we’re on of a failed economic system.


Ever heard of the Commerce Clause of the U.S. Constitution?

motherjones.com...


And in California's Humboldt County, where the timber giant Maxxam and its contractors spent more than $350,000 to recall a crusading district attorney, voters this year approved a ballot measure banning campaign spending by nonlocal businesses, and specifying that "No corporation shall be entitled to claim corporate constitutional rights or protections in an effort to overturn this law."


heinonline.org.../illlr84&div=63&id=&page=

[edit on 7-3-2010 by drew hempel]

[edit on 7-3-2010 by drew hempel]


reply posted on 7-3-2010 @ 10:19 PM by GreenBicMan
reply to post by OBE1



You are generalizing a bit too much IMO.

If someone markets water lets say and someone sells pencils to this marketer would you say the person that sells pencils also markets water as well?

We share the same stance on OTC D. - but to group in regulated securities and OTC Derivatives is pretty far out in left field and I know you are much smarter than that. I have a feeling you share the same thought as well. Then I suppose the gold you invest in is bogus too? GC trades on CME right? A part of the NEW YORK MERCANTILE EXCHANGE/CME/CHICAGO BOARD OF TRADE?

You must be evil as well. I don't think you are though,


reply posted on 7-3-2010 @ 10:34 PM by drew hempel
reply to post by GreenBicMan



www.guardian.co.uk...


Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.



"Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities... There were signs that some banks were rescued that way." Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.



reply posted on 7-3-2010 @ 10:48 PM by drew hempel
reply to post by GreenBicMan



www.mail-archive.com...@yahoogroups.com/msg01465.html


JPMorgan Chase & Co., Deutsche Bank AG, Goldman Sachs Group Inc., Morgan Stanley and Merrill Lynch & Co. dominate the credit- derivatives market as the five most-cited trading partners, according to Fitch Ratings.




Investors use credit-default swaps to bet on a company's creditworthiness or protect against non-payment. The contracts are the most common credit derivative.


[edit on 7-3-2010 by drew hempel]


reply posted on 7-3-2010 @ 11:18 PM by GreenBicMan
reply to post by OBE1



So gold has affiliation to wall street as well.

So does wheat.

So does sugar.

They must all be responsible then?

Again, to group in regulated securities with OTC Derivatives is dumb. But since you said it is so it must be. I will agree to disagree.
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