How do you feel about Occupy Wall Street?

[Kang 22]

If I give you a $15,000 loan (that you hypothetically can't pay back) - who is the moron? Who is the one that is at fault?

Why would you accept a loan that you know you can't pay? Why not rent an apartment until you get good finances.

So much for consumerism.

I have $100 in my bank. I earn $500 a month. I want an iPad worth $700 because everyone has it and is raving about it. I have credit card anyway so I will buy it. (Until the interest gets bigger and bigger because you have not been paying in full or just paying the minimum).

Edited October 13, 2011 by Kang

[LaL 418]

Just seems like that gives carte blanche for more unscrupulous business practices with regard to banks. They had a lot to do with what happened - just as much as consumers being idiots with their money.

IE - individual mucks up - screw them. Banks muck up - save them.

Edited October 13, 2011 by LaL

[Mr. Big Dog 10,747]

+1

Nothing more really needs to be said. This is why bailing out Wall Street was so important. And in case people forget, the Wall Street bailouts made the government money...

True. It's just odd that we allowed - or even encouraged - institutions that were deemed too big to fail to merge resulting in even bigger institutions which now most certainly are way too big to fail. While that may have been unavoidable at the time, there should have been a mandate for an orderly break-up of these giants into pieces that would not be and never be allowed to become "too big to fail". And that should have occured globally.

[Usui Takumi 1,562]

Myth or Fact: Wall Street firms largely escaped criminal charges by the Federal Government.

[SMOKE 1,426]

+1

Nothing more really needs to be said. This is why bailing out Wall Street was so important. And in case people forget, the Wall Street bailouts made the government money... net win for everyone except those who chose to use their credit irresponsibly.

you just need to STFU buddy! we're being pissy coz we suck @ managing money & its everyone elses fault but our own.

[^_^ 5,021]

True. It's just odd that we allowed - or even encouraged - institutions that were deemed too big to fail to merge resulting in even bigger institutions which now most certainly are way too big to fail. While that may have been unavoidable at the time, there should have been a mandate for an orderly break-up of these giants into pieces that would not be and never be allowed to become "too big to fail". And that should have occured globally.

I agree.

[The_Dude 1,142]

Hang on, Rich' 'hyper partisan' behavior is material, and yours is not? I'm vitriolic when I say I'm sure not all OWS are shitting on cars, and I also give the BOD that the message (which I don't respect) might have been bastardized. You then accuse me of not wanting them to have their 1st amendment rights when I said NOTHING of the sort, and now, I'm vitriolic? I'm vitriolic when I defend their right to protest safely without being taxed, even though I don't believe in why they're there?

Furthermore, how do you know how or why Rich came across those pictures? How in the word can you say he 'sought them out for their partisan value.'. You're not in his head. You don't know whether he sought them out, or it happened to be a link on a homepage somewhere. You can't claim to know anyone's motives but your own.

WADR, Rob, you are completely talking out of your ####### in this post.

But seriously...money where your mouth is time. Repost my 'vitriol.'

How do I know rich was going for that effect? Oh, I don't know, lets say the last 4 years I have been on this forum and his posting history. You're right, it is impossible to know exactly his motives, but come on, after four years of posting this #######, it's pretty transparent (Four years I have been on here, I know he has been a member much longer).

I'm not saying this is all the fault of the banks, but to say they are exemplory models of business ethics is absurd. Predatory business practices aren't uncommon. People who sign a contract not knowing what they are signing is just plain ignorant. But the pure gluttony that seems to come from some banks is absurd. It started with Bank of America and their recent $5 per month fee to use an ATM and will only escalate. If they were required to keep 100% of deposits on hand, I would understand them charging fees, but they dont', they use yours and my money to invest and lend out, for their profit.

If the banking industry goes down, we all go down.

+1

Edited October 13, 2011 by The_Dude

[Mr. Big Dog 10,747]

Why would you accept a loan that you know you can't pay?

Wrong question. People didn't take loans they knew they couldn't pay. They took loans having an expectation that such loan would actually make them more money than it cost them. Whether or not that expectation was reasonable is subject to debate. The fact that the expectation existed is not.

[^_^ 5,021]

Wrong question. People didn't take loans they knew they couldn't pay. They took loans having an expectation that such loan would actually make them more money than it cost them. Whether or not that expectation was reasonable is subject to debate. The fact that the expectation existed is not.

I have AXE body spray at home. Their commercials tried to instill in me the expectation that when I use it the ladies will find me irresistible regardless of my poor physical shape and other handicaps. However, I am self-aware enough to know that would never happen to me and therefore the expectation (which AXE tried very hard to communicate through advertising) did not take hold in my mind.

We all have the individual abilities to decide what our expectations are.

[Fandango 1,439]

How do I know rich was going for that effect? Oh, I don't know, lets say the last 4 years I have been on this forum and his posting history. You're right, it is impossible to know exactly his motives, but come on, after four years of posting this #######, it's pretty transparent (Four years I have been on here, I know he has been a member much longer).

I'm not saying this is all the fault of the banks, but to say they are exemplory models of business ethics is absurd. Predatory business practices aren't uncommon. People who sign a contract not knowing what they are signing is just plain ignorant. But the pure gluttony that seems to come from some banks is absurd. It started with Bank of America and their recent $5 per month fee to use an ATM and will only escalate. If they were required to keep 100% of deposits on hand, I would understand them charging fees, but they dont', they use yours and my money to invest and lend out, for their profit.

Did I say banks were exemplary models of anything?

As to that last line...of course they're for profit. They're bankers, not philanthropists.

Now where's that vitriol you were going to show me?

[^_^ 5,021]

fight fight fight fight fight fight

[Mr. Big Dog 10,747]

I have AXE body spray at home. Their commercials tried to instill in me the expectation that when I use it the ladies will find me irresistible regardless of my poor physical shape and other handicaps. However, I am self-aware enough to know that would never happen to me and therefore the expectation (which AXE tried very hard to communicate through advertising) did not take hold in my mind.

We all have the individual abilities to decide what our expectations are.

As I said, we can debate on whether or not that expectation was reasonable. But the premise that people flocked en masse to take out loans knowing they have no way of ever repaying them is flawed, IMO.

[I AM NOT THAT GUY 5,715]

As I said, we can debate on whether or not that expectation was reasonable. But the premise that people flocked en masse to take out loans knowing they have no way of ever repaying them is flawed, IMO.

I blame A.C.O.R.N.

[^_^ 5,021]

As I said, we can debate on whether or not that expectation was reasonable. But the premise that people flocked en masse to take out loans knowing they have no way of ever repaying them is flawed, IMO.

I remember in 2003 when I bought my townhouse people (realtors, too) were telling me real estate "never goes down". I may have been younger and stupider back then but even then I knew that just didn't sound true. It was my responsibility to know that was bs, no one else is responsible for that.

I blame A.C.O.R.N.

But of course you do.

[I AM NOT THAT GUY 5,715]

I remember in 2003 when I bought my townhouse people (realtors, too) were telling me real estate "never goes down". I may have been younger and stupider back then but even then I knew that just didn't sound true. It was my responsibility to know that was bs, no one else is responsible for that.

It's all in the disclosures. It was one of the many pieces of paper you signed but didn't take the time to fully understand.

Edited October 13, 2011 by Crusty Old Perv