OWS's Beef: Wall Street Isn't Winning -- It's Cheating
rollingstone.com
OWS's Beef: Wall Street Isn't Winning -- It's Cheating
1–10 of 27 posts
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#2"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve."
That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts from links as far as I'm concerned, if the intent of HN is to limit politicking.
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#3[deleted]
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#4"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve." That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts fr…
"That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street."
Are you willfully ignoring the massive role that lobbying (and other forms of corporate money in politics) plays in all of this, or are you just that naive?
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#5"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve." That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts fr…
foannfeai: The "free money", awesome tax breaks and the basic free ride WS gets did not just happen, its the result of 30+ years of systematic lobbying and the actual embedding of WS types in government. The OWS protests are finally bringing attention to this issue.
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#6"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve." That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts fr…
The responsibility for something rarely falls on one party's shoulders. The banks are like a contractor who was in charge of building the foundation of your house, but instead bet the bricks in a game of dice (and lost). When the foreman finds out, he reluctantly gives the contractor more bricks, because he's the only foundation contractor in town. You are the owner of the house. Now, sure, you should be mad at the foreman for letting this clown gamble the bricks away. But if you didn't also demand the contractor get fired, I'd say that's just a bit shortsighted.
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#7"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve." That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts fr…
"That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street." Are you willfully ignoring the massive role that lobbying (and other forms of corporate money in politics) plays in all of this, or are you just that naive?
He's not ignoring it at all, he's absolutely right. It's still the fault of those who write and sign the laws.
Lobbying is legal and means others get their input to the legislators but ultimately the buck still stops with Congress and the President.
If you have a problem with lobbying, again...that is still the fault of the politicians, not those doing the lobbying. They're acting within the bounds of the law.
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#8They're not winning, they're cheating! So instead of stopping them from cheating, the government should ask for a percentage of the take, and raise their taxes!
Wait a minute.
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#9Earlier quoted context omitted.
"That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street." Are you willfully ignoring the massive role that lobbying (and other forms of corporate money in politics) plays in all of this, or are you just that naive?
He's not ignoring it at all, he's absolutely right. It's still the fault of those who write and sign the laws. Lobbying is legal and means others get their input to the legislators but ultimately the buck still stops with Congress and the President. If you have a problem with lobbying, again...that is still the fault of the politicians, not those doing the lobbying. They're acting within the bounds of the law.
> They're acting within the bounds of the law.
This strikes me as a non-sequitur.
There's a lot of bad stuff you can do without actually committing a crime. Especially if you have enough money to influence the law.
I like that the final defense of the financial sector's misdeeds is to stammer "Well, it's not strictly illegal!"
Re: OWS's Beef: Wall Street Isn't Winning -- It's Cheating
#10"Lloyd Blankfein and Jamie Dimon get billions of dollars for free, from the Federal Reserve." That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street. If you chastise people for taking free money, then may natural selection take its course and morons can run our top companies. BTW- rollingstone, huffingtonpost, politico, foxnews, etc. should be banned hosts fr…
"That is the fault of our legislature and our presidents (former and current) for supporting them, not Wall Street." Are you willfully ignoring the massive role that lobbying (and other forms of corporate money in politics) plays in all of this, or are you just that naive?
Why is everyone blaming the lobbyists?
If someone offers you a lot of money to do something unethical and you accept it, how is it the fault of the other person? You're the one doing something unethical.
Lobbyists are just doing their job. If people don't like politicians who are swayed by lobbyists, vote them out of office and elect someone who won't accept lobbyist money. That's one of the benefits of a democratic republic.