BigSteelThrill
Footballguy
Not true. And not who it is aimed at. Wall St (the literal place) is just a focal point to gather and be noticed.
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Occupy Wall Street (1 Viewer)
- Thread starter pantagrapher
- Start date
bueno
In a class by himself
Hint: the answer is 42.
bueno
In a class by himself
Voters?
bueno
In a class by himself
Fine. Find another planet we can pillage.
Sarnoff
Footballguy
No, you've got this exactly wrong. It's about a bunch of college kids who don't want to pay back their student loans for their worthless 'Russian Literature of the 18th Century' majors, and a bunch of union thugs just looking for something to do.
Otis
Footballguy
So then how's this 23 pages?
Yankee23Fan
Fair Tax!
Well, to paraphrase my good ibuddy Andy D, "Morons. You always forget about the morons." Answers all your questions.
davidbostonsbicepsfan
Footballguy
Another day of unaccountable people marching around lower Manhattan. Just came home from my 14 hour day but hope to have more interviews tomorrow.
oso diablo
Footballguy
SacramentoBob
Footballguy
He deserves most of the credit here.
LHUCKS
Footballguy
BigSteelThrill
Footballguy
Considering this thread is being dominated by posts from our right-wing brethren who are gnashing their teeth over the subject matter, you are probably right.
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BigSteelThrill
Footballguy
They arent representing their customers, what kind of tripe is that?They represent a few people with as much influence as a million people.
Reaper
Footballguy
One of the college kids is here.
davidbostonsbicepsfan
Footballguy
So should we occupy them?
High level irony for the third participant of this particular information-free circle jerk to be pulling out the moron card.
Jojo the circus boy
Footballguy
Yankee23Fan
Fair Tax!
SacramentoBob
Footballguy
guderian
Footballguy
I did. I noted how one public employee retirement fund totaling over $250 billion is the largest on Wall Street and how half of their top 10 holdings in 2007 were among the corporations that many seem to think are the most inherently evil. Every state has several such retirement funds:NY State Common Retirement fund manages $147 BillionWhy don't you post some evidence yourself instead of smearing the source?No. It's not clear that it includes pensions based on their vague description ("other retirement accounts") and you can't look up the source data because it's an "Unpublished analysis of the U.S. Federal Reserve Board, Survey of Consumer Finances and Federal Reserve Flow of Funds, prepared for the Economic Policy Institute. The Economic Policy Institute is "a 501©(3) non-profit, liberal, nonpartisan think tank that seeks to broaden the public debate about strategies to achieve a prosperous and fair economy. According to EPI's website, the institute was established to "broaden the discussion about economic policy to include the interests of low- and middle-income workers."
So, the data doesn't match the original data that he cited and it's not clear what is included or not and the source data is from an unpublished analysis prepared for a liberal think tank.None of this entire line of argument disputes any of what I posted about pensions and endowments being, by far, the largest investors on Wall Street.
NY Teachers Retirement Fund manages $54 Billion
Louisiana State Employee Retirement System manages $8 Billion
University of Texas Endowment manages $25 Billion
There's ample evidence that the 99% control a huge amount of investment funds and as I argued, they are a great source of the very greed on Wall Street that they're protesting.
BoneYardDog
Footballguy
Well now that they have obamas support and understanding maybe they will go home...
What a pathetic show of support but not at all unexpected, he is appealing to his base after all...
Let me know when the cops begin busting heads and throw them in jail without their IPhones or IPads...
Oh the humanity...
What a pathetic show of support but not at all unexpected, he is appealing to his base after all...
Let me know when the cops begin busting heads and throw them in jail without their IPhones or IPads...
Oh the humanity...
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Is your point that voters decide elections or that those elected abide by the will of the voters?
GroveDiesel
Footballguy
Well, things just keep getting easier and easier for the Repulicans. George Soros's insider trading conviction just got upheld. Sure, it's a ridiculous conviction, but it's going to kill Obama and the Dems come election time when the Republicans point out how much money Soros is funneling to Democrats and Democratic causes and that he's not only part of "Wall Street", but as a convicted insider trader, he's the very evil they're protesting!
Ok. I still don't think it follows that pension funds tip the scales noted in that study significantly without further data. Saying that pension plans have hundreds of billions AUM does not do that either (particularly given their current asset allocations which have diversified across countries and asset classes); so I was asking for anything on the relative holdings of those funds in equities vs. the type of data included in that report would be a good way of deciding what conclusions may be valid. Broken out by class or not, I have not seen either. If there is ample evidence that pension funds do level the holdings across classes, it shouldn't be hard to provide. Ill wait.He's not smearing the source. There is no way to break out CALPers investments down to an individual. The EPI hasn't demonstrated the information because there is no way to break it out as they have done with these other options. They aren't trying to pretend that they have it, or hide it somewhere. I'm sure they would have included it if it was possible.Why don't you post some evidence yourself instead of smearing the source?No. It's not clear that it includes pensions based on their vague description ("other retirement accounts") and you can't look up the source data because it's an "Unpublished analysis of the U.S. Federal Reserve Board, Survey of Consumer Finances and Federal Reserve Flow of Funds, prepared for the Economic Policy Institute. The Economic Policy Institute is "a 501©(3) non-profit, liberal, nonpartisan think tank that seeks to broaden the public debate about strategies to achieve a prosperous and fair economy. According to EPI's website, the institute was established to "broaden the discussion about economic policy to include the interests of low- and middle-income workers."
So, the data doesn't match the original data that he cited and it's not clear what is included or not and the source data is from an unpublished analysis prepared for a liberal think tank.
CALPers and CALSters have about $400B in assets, although it's not all in the markets.
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flufhed
Footballguy
This schtick is really old and tired. You're either stupid or lying.
urbanhack
Fight The Power!
These are not mainstream or regular democrats that are protesting. It's pretty short sighted to just call this an R vs. D situation. Lot's of the protesters don't give a flying #### if you are an R or a D. There are also tea partiers who have shown up to protest.
GroveDiesel
Footballguy
Which Party has had its members pandering to this group and trying to co-opt it? (Hint, it's not the Republicans)
urbanhack
Fight The Power!
Of course there is a left-leaning vibe to this movement.
St. Louis Bob
Footballguy
I'm late to this party but if we didn't bail out the banks and let them go bankrupt, these people wouldn't have a problem? Is that right?
pantagrapher
Footballguy
Impossible to know, really.
D_House
Footballguy
That actually sounds like the Tea Party.
Hipple Long Ware & Peete
Footballguy
This is spreading
Occupy Wallstreet spreads to Athens, GA and Rally planned in Atlanta, Ga tonight
http://www.wtvm.com/story/15630309/occupy-wall-street-protests-come-to-atlanta
ATLANTA (CBS ATLANTA) -Demonstrators are planning to rally in downtown Atlanta this week as Wall Street protests spread to other cities nationwide.
A group known as Occupy Atlanta plans to protest Friday at 6 p.m. in Woodruff Park.
On their website it reads:
"We are the 99%. We will no longer remain silent. Have your voice heard at the next Atlanta General Assembly. We are in solidarity with our fellow citizens at Occupy Wall Street and are planning occupation in Atlanta. Join us!"In the latest Wall Street protest, thousands of people filled lower Manhattan's Foley Square on Wednesday and then marched to Zuccotti Park.
Police said about 28 arrests were made, mostly for disorderly conduct. One person was arrested for assaulting an officer; police said the officer was pushed off his scooter.
The protestors have varied causes but have spoken largely about unemployment and economic inequality, reserving most of their criticism for Wall Street.
Protestors have been camping in Zucotti Park since Sept. 17.
Hundreds of people have been arrested since the protests began.
YouTube videos show protestors being
and beaten by police.It is unclear what caused police to take those measures.
Copyright 2011 WGCL-TV. All rights reserved. The Associated Press contributed to this report.
Occupy Wallstreet spreads to Athens, GA and Rally planned in Atlanta, Ga tonight
http://www.wtvm.com/story/15630309/occupy-wall-street-protests-come-to-atlanta
ATLANTA (CBS ATLANTA) -Demonstrators are planning to rally in downtown Atlanta this week as Wall Street protests spread to other cities nationwide.
A group known as Occupy Atlanta plans to protest Friday at 6 p.m. in Woodruff Park.
On their website it reads:
"We are the 99%. We will no longer remain silent. Have your voice heard at the next Atlanta General Assembly. We are in solidarity with our fellow citizens at Occupy Wall Street and are planning occupation in Atlanta. Join us!"In the latest Wall Street protest, thousands of people filled lower Manhattan's Foley Square on Wednesday and then marched to Zuccotti Park.
Police said about 28 arrests were made, mostly for disorderly conduct. One person was arrested for assaulting an officer; police said the officer was pushed off his scooter.
The protestors have varied causes but have spoken largely about unemployment and economic inequality, reserving most of their criticism for Wall Street.
Protestors have been camping in Zucotti Park since Sept. 17.
Hundreds of people have been arrested since the protests began.
YouTube videos show protestors being
and beaten by police.It is unclear what caused police to take those measures.
Copyright 2011 WGCL-TV. All rights reserved. The Associated Press contributed to this report.
Hipple Long Ware & Peete
Footballguy
Occupy Wallstreet spread to 100's of cities
http://www.wtvm.com/story/15613287/occupy-groups-pick-up-steam-spread-to-hundreds-of-cities
(RNN) - As the Occupy Wall Street movement enters into its third week, it is arguably more powerful than ever before, as support groups spring up across the nation and in many international cities.
"To me, it's the collective frustration of a generation of people who have no future," said David Stephenson, an organizer of Occupy Charleston, WV.
Since Wednesday, Stephenson said his local Occupy movement Facebook page has gained 100 followers.
"At this point, we're gaining just as many people today if not more," he said.
Thanks in part to Occupy Together, a hub for the movements forming around the nation and in solidarity with Occupy Wall Street, it's easy for citizens to find ways to join a movement that is sharply critical of corporate wealth, among other things, at a grassroots level.
[SLIDESHOW: 'Occupy' protests take on corporate greed]<br orgfontsize="12px">
On Thursday afternoon, Occupy Together "meetups" could be found in 575 cities that stretched across the world to places as diverse as Athens, Greece, and Wellington, New Zealand.
Stephenson said he became involved in the movement because government has lost its focus. The political candidates and legislation backed by the most money win. Corporations are protected by the government, despite their lax ethics. Students are graduating tens of thousands of dollars in debt with no job prospects, and are unable to find work in their fields.
"The kind of change I would like to see is a government that represents the people," he said.
The original Occupy Wall Street protest in Manhattan increased its credibility Wednesday after thousands of union workers joined the ranks of dissatisfied protesters. The extra boost allowed the number of protesters to reach a peak level following the group's original descent on Wall Street on Sept. 17, according to media reports.
At least 15 unions were expected to participate in Wednesday afternoon's march from Foley Square to the Financial District, according to Occupy Wall Street's website. One of the unions, theTransport Workers Local 100, estimated on its website that participants numbered 10,000 strong.
[Click here to watch a livestream of the Occupy Wall Street protests.]<br orgfontsize="12px">
President Barack Obama acknowledged during a Thursday news conference plugging his jobs bill that he knew of the Occupy Wall Street movement; he had seen it on television.
"I think it expresses the frustration that the American people feel that we had the biggest financial crisis since the Great Depression - huge collateral damage all throughout the country, all across Main Street - and yet you're still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into these problems in the first place," Obama said when questioned about the protests.
A common slogan of the group is, "We are the 99 percent," referring to the group's belief that the greed and corruption of the wealthiest American corporations and citizens, symbolized by Wall Street, can no longer be tolerated.
"I think the American people understand that not everybody's been following the rules, that Wall Street is an example of that," Obama said.
After four buses manned by Transport Workers Local 100 members were overtaken by police last Saturday and used to arrest protesters blocking traffic on the Brooklyn Bridge, unions rushed in earlier this week to voice solidarity with the movement, and pledged protesters, food and other supplies.
"While we battle it out day after day, month after month, the millionaires and billionaires on Wall Street sit by - untouched - and lecture us on the level of our sacrifice," said Larry Hanley, president of the Amalgated Transit Union International. "It's about time this happened."
In a news release issued Wednesday, Hanley also praised the Occupy Wall Street activists for exposing the corruption on Wall Street, and pledged the support of the entire 190,000-member union.
The Transport Workers Local 100 are hopeful the movement will have a lasting impact.
"We'd like to see it become a political movement," said Alan Shaply, director of publications for the union. "There's no doubt about that."
Shaply said the union would like to see an end to the costly Afghanistan war, a redistribution of incomes, more investment in mass transit, and the reintroduction of the so-called "millionaire's tax" in the New York State Assembly.
But where Shaply was specific, the Occupy Wall Street movement as a whole has not been, receiving hefty criticism from major news organizations and politicians. Initial press coverage seemed to mock the protesters.
"Occupy Wall Street, a diffuse and leaderless convocation of activists against greed, corporate influence, gross social inequality and other nasty byproducts of wayward capitalism not easily extinguishable by street theater, had hoped to see many thousands join its protest and encampment, which began Sept. 17. According to the group, 2,000 marched on the first day; news outlets estimated that the number was closer to several hundred."
- New York Times, Sept. 23.
Dr. Jeff Frieden, co-author of Lost Decades: The Making of America's Debt Crisis and the Long Recovery, said in an email that he still doesn't see serious media coverage of the event."Perhaps it's too soon to tell. I am not sure anyone knows what its specific demands are, but I think the general outline of their criticism - that the financial community is to blame for a lot of what has happened, and should be made to pay more to fix what it broke - is well worthy of serious attention from the media," said the Harvard University professor.
Still, there doesn't seem to be the potential for Occupy Wall Street to become a separate political party, as it is far from even the Democratic left wing and almost hostile to electoral politics, according to Frieden.
"Like the Tea Party, if it is going to have any broader impact it will have to develop a leadership; and if it is going to have any impact on policy it will have to work within the existing electoral and party structure," he said.
Those involved in the movement disagree. Stephenson said his home state has never been so quick to mobilize.
"In my opinion, I think it's something that's never been seen before," he said.
Copyright 2011 Raycom News Network. All rights reserved.
http://www.wtvm.com/story/15613287/occupy-groups-pick-up-steam-spread-to-hundreds-of-cities
(RNN) - As the Occupy Wall Street movement enters into its third week, it is arguably more powerful than ever before, as support groups spring up across the nation and in many international cities.
"To me, it's the collective frustration of a generation of people who have no future," said David Stephenson, an organizer of Occupy Charleston, WV.
Since Wednesday, Stephenson said his local Occupy movement Facebook page has gained 100 followers.
"At this point, we're gaining just as many people today if not more," he said.
Thanks in part to Occupy Together, a hub for the movements forming around the nation and in solidarity with Occupy Wall Street, it's easy for citizens to find ways to join a movement that is sharply critical of corporate wealth, among other things, at a grassroots level.
[SLIDESHOW: 'Occupy' protests take on corporate greed]<br orgfontsize="12px">
On Thursday afternoon, Occupy Together "meetups" could be found in 575 cities that stretched across the world to places as diverse as Athens, Greece, and Wellington, New Zealand.
Stephenson said he became involved in the movement because government has lost its focus. The political candidates and legislation backed by the most money win. Corporations are protected by the government, despite their lax ethics. Students are graduating tens of thousands of dollars in debt with no job prospects, and are unable to find work in their fields.
"The kind of change I would like to see is a government that represents the people," he said.
The original Occupy Wall Street protest in Manhattan increased its credibility Wednesday after thousands of union workers joined the ranks of dissatisfied protesters. The extra boost allowed the number of protesters to reach a peak level following the group's original descent on Wall Street on Sept. 17, according to media reports.
At least 15 unions were expected to participate in Wednesday afternoon's march from Foley Square to the Financial District, according to Occupy Wall Street's website. One of the unions, theTransport Workers Local 100, estimated on its website that participants numbered 10,000 strong.
[Click here to watch a livestream of the Occupy Wall Street protests.]<br orgfontsize="12px">
President Barack Obama acknowledged during a Thursday news conference plugging his jobs bill that he knew of the Occupy Wall Street movement; he had seen it on television.
"I think it expresses the frustration that the American people feel that we had the biggest financial crisis since the Great Depression - huge collateral damage all throughout the country, all across Main Street - and yet you're still seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on abusive practices that got us into these problems in the first place," Obama said when questioned about the protests.
A common slogan of the group is, "We are the 99 percent," referring to the group's belief that the greed and corruption of the wealthiest American corporations and citizens, symbolized by Wall Street, can no longer be tolerated.
"I think the American people understand that not everybody's been following the rules, that Wall Street is an example of that," Obama said.
After four buses manned by Transport Workers Local 100 members were overtaken by police last Saturday and used to arrest protesters blocking traffic on the Brooklyn Bridge, unions rushed in earlier this week to voice solidarity with the movement, and pledged protesters, food and other supplies.
"While we battle it out day after day, month after month, the millionaires and billionaires on Wall Street sit by - untouched - and lecture us on the level of our sacrifice," said Larry Hanley, president of the Amalgated Transit Union International. "It's about time this happened."
In a news release issued Wednesday, Hanley also praised the Occupy Wall Street activists for exposing the corruption on Wall Street, and pledged the support of the entire 190,000-member union.
The Transport Workers Local 100 are hopeful the movement will have a lasting impact.
"We'd like to see it become a political movement," said Alan Shaply, director of publications for the union. "There's no doubt about that."
Shaply said the union would like to see an end to the costly Afghanistan war, a redistribution of incomes, more investment in mass transit, and the reintroduction of the so-called "millionaire's tax" in the New York State Assembly.
But where Shaply was specific, the Occupy Wall Street movement as a whole has not been, receiving hefty criticism from major news organizations and politicians. Initial press coverage seemed to mock the protesters.
"Occupy Wall Street, a diffuse and leaderless convocation of activists against greed, corporate influence, gross social inequality and other nasty byproducts of wayward capitalism not easily extinguishable by street theater, had hoped to see many thousands join its protest and encampment, which began Sept. 17. According to the group, 2,000 marched on the first day; news outlets estimated that the number was closer to several hundred."
- New York Times, Sept. 23.
Dr. Jeff Frieden, co-author of Lost Decades: The Making of America's Debt Crisis and the Long Recovery, said in an email that he still doesn't see serious media coverage of the event."Perhaps it's too soon to tell. I am not sure anyone knows what its specific demands are, but I think the general outline of their criticism - that the financial community is to blame for a lot of what has happened, and should be made to pay more to fix what it broke - is well worthy of serious attention from the media," said the Harvard University professor.
Still, there doesn't seem to be the potential for Occupy Wall Street to become a separate political party, as it is far from even the Democratic left wing and almost hostile to electoral politics, according to Frieden.
"Like the Tea Party, if it is going to have any broader impact it will have to develop a leadership; and if it is going to have any impact on policy it will have to work within the existing electoral and party structure," he said.
Those involved in the movement disagree. Stephenson said his home state has never been so quick to mobilize.
"In my opinion, I think it's something that's never been seen before," he said.
Copyright 2011 Raycom News Network. All rights reserved.
dickey moe
Fingerpicker
#7 > the field
St. Louis Bob
Footballguy
If the banks weren't bailed out, a whole lot of these CEO's making millions would be out of a job right?
That's what I'm not getting.Tea Party=No bail out, let them starve.OWS=We bailed them out and now they are stealing millions, eat the rich.They seem like they are sort of on the same page.
Hipple Long Ware & Peete
Footballguy
BTW it's pretty ignorant of the banks to institute these paltry 5/month charges in the midst of this, no? Kind of like pouring gasoline on a small fire?
St. Louis Bob
Footballguy
Rally squirrel for the win, 12.
St. Louis Bob
Footballguy
We should have taken our medicine and let them go bankrupt IMO.
scoobygang
Footballguy
Largest sign at Occupy Freedom Plaza this morning "FREE BRADLEY MANNING!"
I actually somewhat admire the fact that the organizers of these protests want to let the goals of the movement be organic, but there does come a point where the conversation that Adbusters, at least, wants to have is completely obscured.
I also have to admit that I saw two more black people at the Tea Party protest than I have seen at Occupy Freedom Plaza (they were selling gaudy flag pins to old ladies, but still).
I actually somewhat admire the fact that the organizers of these protests want to let the goals of the movement be organic, but there does come a point where the conversation that Adbusters, at least, wants to have is completely obscured.
I also have to admit that I saw two more black people at the Tea Party protest than I have seen at Occupy Freedom Plaza (they were selling gaudy flag pins to old ladies, but still).
SacramentoBob
Footballguy
Love some of their reasons.For students. Less debt.
Less debt forever.
Revolution. New society.
Didn't speak English.
Independence of Puerto Rico. WTF?
Beyond capitalism.
I need to be here.
Demand the cap on wealth
To help the global revolution.
Less debt forever.
Glad to see the Commies aren't being shy with their motivation.
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KiddLattimer
Footballguy
I agree the timing is terrible, but B of A's management team had their heads on the chopping block already... if they show a loss in the next quarter or two they're gone... so they really didnt have the luxury of waiting.I personally hate the fee (and I'm switching to a credit union because of it), but I understand why they're doing it.
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pantagrapher
Footballguy
Overall, I was a bit disappointed by what I saw at Occupy Chicago yesterday. Not as many people as I expected. A lot of disparate slogans and a few kooks. But there was reason for optimism; I'd guess about 50 or 60 out of the roughly 100 people were knowledgeable and trying to encourage a constructive protest and dialogue. There was a group of protesters having a spirited debate with a banker-type guy. There were folks coming by just to bring water and snacks to protesters. I'll go back either today or Monday, take more photos and see how it's developing.
Jojo the circus boy
Footballguy
'Hipple said:
pantagrapher
Footballguy
Close enough.
Bob Sacamano
Footballguy
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