What is your take on the Wall Street protests?

As protesting tax payers the state should bring in porta potties for them to use.

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Originally Posted by Bonny

As protesting tax payers the state should bring in porta potties for them to use.

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And charge a quarter at the door. :D

I agree. What can they hope to gain? They should be out working instead of sitting in the rain. Or perhaps getting together and trying to figure out a way to fix the problem instead of just standing around.
Obama tried to regulate the banks but the Republicans shot down the bill.
He had to bail out the auto companies, otherwise GM and Chrysler would now be gone. Imagine those two companies gone, what that would have done to the economy.
As for the bankers they had the Republicans in their back pocket and that is why they shot down Obama's bill which would have regulated all of these charges. Now the banks can do what they want and we are at their mercy.
The people need to truly read and understand what the law makers are saying and how they vote and act.
Not voting on looks or because my dad always voted Democrat or because he is pro-life. One needs to look at ALL the issues and how they affect our daily lives.
I have a friend who did not vote for Obama because he is pro-choice.
Well no president has changed the law on that in 38 years.
What will happen, I don't think anyone knows. Lets just hope that for once we as a nation can put aside or petty differences and do what is best for most, no one can do best for all but for most we need to try and try harder. What are we leaving for our children?
We will all be moving in with them because we can't afford to live on SS. That in itself should be motivation enough to do something.

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Originally Posted by sasvermont

Quite a few banks were allowed to fail. Probably the smaller ones - ones the big shots have cared less about. I surely would not have wanted a total meltdown of our banking system. That would have been deadly.

I suspect these protestors are going after Wall Street and big Corps. because they can. Bank regulators and the people responsible for setting up the banking and investing rules and regulations need to be hung out to dry.

Long ago, I worked for a big bank in PA. I worked in the corporate accounting section and handled the paperwork for MBS investments. (MBS = Mortgage Backed Securities). Sound familiar. Back then, there were regulators crawling all over us - making sure we had good collateral for borrowings against the mortgages. We had auditors in our offices nearly every day, making sure we weren't screwing around. Somewhere, somehow, all that must have stopped or maybe the regulators weren't caring much about what was happening. Lately, there was no regulation against selling bad mortgages to investors, I suppose. I never did understand how the banks/investors/borrowers/appraisers got away with such outrageous activity.

Do these protestors plan to take over Wall Street? What do they want? Do they think the higher ups in the Corp world will reduce the salaries and perks and give them the money?

There has always been a gap in earnings between the highly paid and the middle class. I think the gap is widening and it hurts. The Corps are getting richer and the poor are getting poorer. How do we change that? Greed is greed.

If you want to talk greed, how about Hollywood and the money the big movie moguls make for each lousy movie. Millions. Why not start protesting in front of the movie stars' houses.

How about the sporting world. I see the dollar amounts to the contracts being handed out. Outrageous. Let's protest them. Let's NOT go to or watch the sporting events. That's how you protest.

I just don't see them organized enough to get any one point across! They are pissed but aren't we all!!

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Originally Posted by Marigold2

I agree. What can they hope to gain? They should be out working instead of sitting in the rain. Or perhaps getting together and trying to figure out a way to fix the problem instead of just standing around.
Obama tried to regulate the banks but the Republicans shot down the bill.
He had to bail out the auto companies, otherwise GM and Chrysler would now be gone. Imagine those two companies gone, what that would have done to the economy.
As for the bankers they had the Republicans in their back pocket and that is why they shot down Obama's bill which would have regulated all of these charges. Now the banks can do what they want and we are at their mercy.
The people need to truly read and understand what the law makers are saying and how they vote and act.
Not voting on looks or because my dad always voted Democrat or because he is pro-life. One needs to look at ALL the issues and how they affect our daily lives.
I have a friend who did not vote for Obama because he is pro-choice.
Well no president has changed the law on that in 38 years.
What will happen, I don't think anyone knows. Lets just hope that for once we as a nation can put aside or petty differences and do what is best for most, no one can do best for all but for most we need to try and try harder. What are we leaving for our children?
We will all be moving in with them because we can't afford to live on SS. That in itself should be motivation enough to do something.

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With all that said it would be really nice if EVERYONE could have a good paying job they really liked where they are treated fairly, with health benefits, a retirement plan, a modest affordable house to live in, 3 squares a day & a little cash left over to help keep the economy going. That isn't asking to much is it? :)

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Originally Posted by Bonny

With all that said it would be really nice if EVERYONE could have a good paying job they really liked where they are treated fairly, with health benefits, a retirement plan, a modest affordable house to live in, 3 squares a day & a little cash left over to help keep the economy going. That isn't asking to much is it? :)

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Good idea.
But I need a private beach, can I have one of those to ??? :D

Sometimes a job is just a way to pay the rent or buy food and sometimes that blessings is enough.
Doesn't mean a better job won't come along next year or two years from now but at least one can play the gas bill this month.

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Originally Posted by wombat2u2004

Good idea.
But I need a private beach, can I have one of those to ??? :D

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What can they hope to gain? They should be out working instead of sitting in the rain.

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A lot of people currently have no job, and that is why some of them are protesting. I am sure they would rather be working. They all seem to have different reasons for being there, but that's a common one.

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Originally Posted by wombat2u2004

Good idea.
But I need a private beach, can I have one of those to ??? :D

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Hows about a neighborhood swimming hole with a rope swing?:) Just like the good old days back in O2. :D

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Originally Posted by Bonny

Hows about a neighborhood swimming hole with a rope swing?:) Just like the good old days back in O2. :D

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I've already got one of those, but I want more....MORE !!!!! :D

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Originally Posted by wombat2u2004

I've already got one of those, but I want more....MORE !!!!! :D

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Be happy with what you have Dude,:D there are people living in deserts where they have to haul their water for miles just to have something to drink let alone be able to cook, do the dishes, launder, bathe, etc.

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Originally Posted by Bonny

Be happy with what you have Dude,:D there are people living in deserts where they have to haul their water for miles just to have something to drink let alone be able to cook, do the dishes, launder, bathe, etc.

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http://img1.imagehousing.com/83/38c8...dc26a1ad18.gif

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Originally Posted by wombat2u2004

http://img1.imagehousing.com/83/38c8...dc26a1ad18.gif

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:D LOL! That Figures!