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Originally posted by HomerinNC
reply to post by raceway40
you talk about 31.00 an hour and COMPLAINING about it, I manage to live on 1300 A MONTH,thats what the VA gives me for my pension, quit your crying!
Originally posted by HomerinNC
Each one of these protesters deserve to be arrested, thrown in jail and repay EVERY PENNY of damage they caused
Originally posted by HomerinNC
reply to post by raceway40
I'm talking about the property they destroyed, what right do they have to do that?
I'm all for peaceful protesting, but when you destroy property, I draw the line at that
Originally posted by thisguyrighthere
reply to post by FlyersFan
Apparently feel-good intentions and well-wishing for all supercede hard figures and absolute math.
One of the foremost experts on structured finance and derivatives - Janet Tavakoli - says that rampant fraud and Ponzi schemes caused the financial crisis.
University of Texas economics professor James K. Galbraith agrees:
You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies.
Congress woman Marcy Kaptur says that there was rampant fraud leading up to the crash.
According to economist Max Wolff: The securitization process worked by "packag(ing), sell(ing), repack(aging) and resell(ing) mortages making what was a small housing bubble, a gigantic (one) and making what became an American financial problem very much a global" one by selling mortgage bundles worldwide "without full disclosure of the lack of underlying assets or risks."
Buyers accepted them on good faith, failed in their due diligence, and rating agencies were negligent, even criminal, in overvaluing and endorsing junk assets that they knew were high-risk or toxic. "The whole process was corrupt at its core."
William K. Black - professor of economics and the senior regulator during the S & L crisis - says that that the government's entire strategy now - as during the S&L crisis - is to cover up how bad things are ("the entire strategy is to keep people from getting the facts").
William Black says that massive fraud by is what caused the economic crisis. Specifically, he says that companies, auditors, rating agencies and regulators all committed fraud which helped blow the bubble and sowed the seeds of the inevitable crash. Indeed, as I have previously noted, the giant ratings agencies have a culture of covering up improper ratings (and they essentially took bribes for giving higher ratings).
Black also notes:
Everyone involved knew that the CDOs which packaged subprime loans were not AAA credit-worthy (which means that they are completely risk-free). He also said that the exotic instruments (CDOs, CDS, etc.) which spun the mortgages into more and more abstract investments were intentionally created to defraud investors
In November 2007, one rating agency - Fitch's - dared to take a look at some loan files. Fitch concluded that there was the appearance of fraud in nearly every file reviewed
Apparently feel-good intentions and well-wishing
Goldman Goes Rogue – Special European Audit To Follow
A single rogue trader can bring down a bank – remember the case of Barings. But a single rogue bank can bring down the world’s financial system.
And the US government, at the highest levels, has to ask a fundamental question: For how long does it wish to be intimately associated with Goldman Sachs and this kind of destabilizing action? What is the priority here - a sustainable recovery and a viable financial system, or one particular set of investment bankers?
The credibility of the Federal Reserve, already at an all-time low, has just suffered another crippling blow; the ECB is also now in the line of fire. Goldman Sachs has a lot to answer for.
How Goldman Sachs Helped Greece to Mask its True Debt
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.
Originally posted by PurpleDog UK
reply to post by Chevalerous
Chevalerous
I hope you read my reply to Dagar because believe it or not I agree with him on taxation......
PDUK
Originally posted by HomerinNC
Each one of these protesters deserve to be arrested, thrown in jail and repay EVERY PENNY of damage they caused
Originally posted by squirelnutz
I don't know if anyone posted this or not, but their schooling is still like 400% cheaper than here in America...
It will wind up costing me $40,000 to go to Sac State and if i can't get grants, i can't go...
They are trying to force me into debt, before i even begin, but i ain't stupid.. They are the stupid ones, because everything we learn in class, can be learned at home, in a library or online.. Just get that stupid piece of paper that is "Oh so important."
I was even trying to get a Student Visa to go study in New Zealand, but I'm not qualified
Originally posted by Freeborn
reply to post by squirelnutz
Come over here, as a foreigner you'll get it for free, it's only us English that have to pay that much for it!
Originally posted by W3RLIED2
I'm not sure how it works in Britain, since I'm American, but over here my tax money pays for police cars. If it's the same across the pond then i see no problem with destroying every last bit of it.
Originally posted by Stewie
There is no doubt in my mind they put agents in the midst to turn public opinion against the protesters.
Originally posted by cazzy2211
I thought it was interesting that the security guys in the car following the royals didn't make any attempt to protect them, I would have thought that was their job.
Why couldn't they have travelled to the gig in a regular or darkened windowed car?