The Occupy Wall Street Protest

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Comments

  1. Brilliant! 🙂 Keep it up!

    • JIM LANIAGN says:

      THEY WERE BRIDGE LOANS WITH INTEREST AND DIVIDENDS AND MOST WERE PAYED BACK QUOCKLY!! OUR FINANCIAL SYSTEM WAS TEETERING ON A CASCADING COLLAPSE DUE
      TO NO CONFIDENCE IN THE LIQUIDITY OF ANY INSTITUTION. THE FED AND THE TREASURY ARE LENDERS OF LAST RESORT

      FIRMS SUCH AS COUNTRYWIDE, WASHINGTON MUTUAL,BEAR STEARS, WACHOVIA
      AND OTHERS SAW THEIR STOCK PRICES PLUMMET TO PENNIES ON THE DOLLAR. THEY LET LEHMAN GO BECAUSE THEY COULD FIND NO OTHER WALL STREET FIRM TO EVEN BUY THEM
      FOR PENNIES ON THE DOLLAR. FINANCIAL CHAOS WAS RAMPANT, AS THE LENDER OF LAST RESORT THE FED STEPPED IN TO SAVE THE SYSTEM OR THE SYSTEM WAS DOOMED AND MAIN STREET WOULD HAVE THEIR DEPOSITS AND PENSION PLANS
      IN QUESTION. IT’S POLITICALLY ADVANTAGIOUS TO CALL IT A BAILOUT BUT IT WAS
      IN THE END ONLY BRIDGE LOANS TO BACKSTOP OUR FINANCIAL SYSTEM.
      GET IT RIGHT AND THANK GOD THAT THEY STEPPED IN OR THE UNEMPLOYMENT
      COULD HAVE SOARED TO OVER 20%!!!
      MORE REGULATION OF THE FINANCIAL MARKETS WAS OBVIOUSLY NEEDED.
      DERIVATIVE EXPOSURE AND OFF BALANCE SHEET RISK HAD TO COME UNDER THE MICROSCOPE. THEIR HAD TO BE CREDIT REVIEW ON REAL ESTATE.
      MOST OF THIS CREDIT EROSION WAS BROUGHT ABOUT BECAUSE CONGRESS
      DECIDED EVERYBODY SHOULD
      BE ABLE TO BUY A HOUSE (BY CONGRESS) AND WALL ST. SECURITIZED THE
      RISK AND SOLD MANY OF THEM OFF WHILE KEEPING MANY. THE BUBBLE
      BURST AND THE CASCADE BEGAN UNTIL THE FED STEPPED IN TO STOP
      FINANCIAL ARMAGEDON. BAILOUT NO, BRIDGE LOANS YES!
      THE VAST MAJORITY RECIEVED NOTHING EXCEPT MOUNTAINS OF REGULATION
      FOR A PROBLEM THEY WERE COMPLETELY NOT DIRECTLY INVOLED IN.
      SO INSTEAD OF PARTICULAR REGULATION TO ATTACK THE PROBLEM
      THEY SADDLED THE REST OF THE INDUSTRY WITH UNDO REGULATION
      OF THEIR EXISTING LOANS TO THE POINT THEY ARE AFRAID TO LEND.
      MANY OF THE LOANS THEY ARE LOOKING AT ARE OF SIMILAR CREDIT
      RISK TO THE LOANS THEY OWN AND ARE BEING CRITICISED FOR..
      SO WHERE DO WE GO FROM HERE? THIS CANNOT BE DENIED, A HEALTHY BANKING SYSTEM IS GOOD FOR ALL WITH EASY TO UNDERSTAND, PRUDENT
      REGULATION OF OUR REAL PROBLEMS.

  2. Best laugh in days! Also, you may have found a way to communicate with those who either don’t understand or don’t care.

    Good job! More soon, maybe? I mean, it’s a big subject ….

  3. very well done………….

  4. Interest charges,bank fees,commissions,processing charges all add up and who pays. It’s time to
    sew the reaper.

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