Occupy Wall Street: Not on major media but worth watching!

[longearedfriend]

i would really like if the world got better

i dont really know whats going on in the world

but i know some things just arent right

 

[InJoy]

when you choose to sign this kind of shady ass deal you cease to become a victim..

we have become a credit culture who wants to live above it's means.
that is greed!

no one should buy a home w/o 30% down and credit to qualify for a 15 year fixed.

you cant be a victim of credit card companies if you dont have a credit card.

you cant be the victim of an arm adjustment if you dont sign an arm..

look at the amount of private debt we incur in an effort to buy the latest gadgetry?

this guy SPECULATED in the housing market,and came out ahead. all the while relying on other peoples money being loaned to him and claims to be a "victim".

are there true victims of fraudulent lending? sure.
are there greedy idiots who knew exactly what they were signing? sure.

blame the banks for loaning money to people who could not afford to pay the loan? i think the borrower deserves some of that blame as well.

i know how much money i can afford to add to my monthly budget.
do you?

if you do: would you sign a loan doc that shows a possible monthly payment more than what you can afford?

if you sign the contract you deserve what you get.

soooo

yes to an income cap but no to a figure?

lmao

btw DB: "demands" rarely have a question mark

You are an ignorant fuck is all i can say

i haven had a credit card in 15 years i didn't owe anybody a dime bought my car 5 years old for cash

NEVER borrowed a dime except for this what you wanna label speculation.

Sweat Equity was what i was banking on, something a pencile pusher like yourself would know nothin about.

Today i don't owe anybody a fukin dime what about you?

still payin off that 70%

 

[DiscoBiscuit]

"A private corporation

The first thing that must be understood is that the Federal Reserve Corporation is not a government agency, as most people think. It is a private corporation controlled by the Bankers, and therefore it is operated for the financial gain of the Bankers over the people, rather than for the good of the people.

When our Founding Fathers wrote the Constitution of the United States back in the 1700's, they specifically stated in Article 1 of this Constitution: "Congress shall have the Power to Coin Money and Regulate the Value Thereof."

It was the wish of the Founding Fathers that the power to create and control the money be in the hands of the Federal Congress, and not in the hands of private Bankers who could charge enormous amounts of interest, and who could actually then control the country by controlling the money. They understood the tricks of the Bankers, for what did Mayer Anselm Rothschild, the great European Banker, once say: “Permit me to issue and control the money of a nation, and I care not who makes its laws...” It was their belief that all citizens should share in the profits of its creation, not just private Bankers, and therefore the national Government must be the only creator of money.

So what happened! For several years after the Constitution was signed, the money in the country was handled both legally and illegally, the Bankers having devised all kinds of tricks to try to take control of the nation's money."

Real more: http://www.michaeljournal.org/fedreserve.htm

Here is also a video explaining this in greater depth: http://www.youtube.com/watch?v=U71-KsDArFM

BTW JP Morgan funded the mass arrest of 700 people: http://www.youtube.com/watch?v=jCDXXgtN_Ko

I have a feeling shit is going to get ugly soon.

IMO, this protest is more about systemic risk and the lavish bonuses paid, regardless of performance. IMO, fractional reserve isn't going away. How would a gold standard compete in a global, fractional-reserve economy? We would be a shell of our former self.

Gold standard banking carries the same investment strategies as fractional reserve. Low-risk, diversified investments are better long-term. Short-term, high risk is more appealing for those who want it now.

IMO, the key is risk management. Once high-risk tactics exceed their underpinnings it drags down safer investments, meaning even short-term busts have long-term implications.

Obama had the opportunity to reinstate the firewall between investment and commercial banking. IMO, this would have had far better implications than a gold standard and no firewall. Since RP is against most federal controls, I get the impression his gold standard would be firewall free. The rich would still have it all and we'd have even less than we do now.

I'm not so sure the founding fathers had the people's interests in mind when opposing centralized banks. IMO, assuming that no central manipulation means no manipulation at all is wishful thinking.

After all, these were the guys that said only landowners were qualified to vote. Divide and conquer goes way back.

 

[In~Plain~Site]

I'm afraid the concession may be blood. I hope it remains peaceful, but a nation full of robbery victims who just learned they've all been lied to may not.

The tree of liberty must be refreshed from time to time

 

[dagnabit]

That's a pretty good assessment.

Laughing at others' misfortune is uncool. Don't know where you get your advice but 30% down is typically required for conventional loans. FHA requires far less down but PMI is added to the monthly payment. If you have the down payment, conventional means lower monthly payments than FHA.

I don't "laugh" at the misfortune of others (not sure what led you to that conclusion)

As for 30% exactly my point if you can't afford a 15 year fixed (conventional) or if your credit is such you can't qualify you are not ready for homeownership.

Had more people lived by this rule this crisis would not be of the magnitude it is.

I don't place the entire blame on the consumer.
Nor the lender who provided the fools loan.
Nor the "regulators" that allowed the entire thing to go down.

But they all had to let their greed overrule their common sense.






As to my credit (our emotional friend calls into question)
I'm like 7 up......

 

[Highlight]

IMO, this protest is more about systemic risk and the lavish bonuses paid, regardless of performance. IMO, fractional reserve isn't going away. How would a gold standard compete in a global, fractional-reserve economy? We would be a shell of our former self.

Gold standard banking carries the same investment strategies as fractional reserve. Low-risk, diversified investments are better long-term. Short-term, high risk is more appealing for those who want it now.

IMO, the key is risk management. Once high-risk tactics exceed their underpinnings it drags down safer investments, meaning even short-term busts have long-term implications.

Obama had the opportunity to reinstate the firewall between investment and commercial banking. IMO, this would have had far better implications than a gold standard and no firewall. Since RP is against most federal controls, I get the impression his gold standard would be firewall free. The rich would still have it all and we'd have even less than we do now.

I'm not so sure the founding fathers had the people's interests in mind when opposing centralized banks. IMO, assuming that no central manipulation means no manipulation at all is wishful thinking.

After all, these were the guys that said only landowners were qualified to vote. Divide and conquer goes way back.

I totally agree. I just thought the article was interesting. I would personally have many diverse investments. You are right, things will get worse before they get better, but I think there is a lesson to be learned and that is, "it's a two way street." If you borrow from crooks, you're going to get conned. However, that doesn't excuse the corruption of the debt-money system. I personally, don't want to wait for risk management, as I have no faith in any authority. Even the police are corrupt. I want to end the fed, I want people to stop paying federal taxes, find a way to channel that money elsewhere, and start from scratch. I like grits, and potatoes anyway.

 

[Highlight]

IMO, this protest is more about systemic risk and the lavish bonuses paid, regardless of performance. IMO, fractional reserve isn't going away. How would a gold standard compete in a global, fractional-reserve economy? We would be a shell of our former self.

Gold standard banking carries the same investment strategies as fractional reserve. Low-risk, diversified investments are better long-term. Short-term, high risk is more appealing for those who want it now.

IMO, the key is risk management. Once high-risk tactics exceed their underpinnings it drags down safer investments, meaning even short-term busts have long-term implications.

Obama had the opportunity to reinstate the firewall between investment and commercial banking. IMO, this would have had far better implications than a gold standard and no firewall. Since RP is against most federal controls, I get the impression his gold standard would be firewall free. The rich would still have it all and we'd have even less than we do now.

I'm not so sure the founding fathers had the people's interests in mind when opposing centralized banks. IMO, assuming that no central manipulation means no manipulation at all is wishful thinking.

After all, these were the guys that said only landowners were qualified to vote. Divide and conquer goes way back.

I agree. I just thought the article was interesting. I would personally have many diverse investments. You are right, things will get worse before they get better, but I think there is a lesson to be learned and that is, "it's a two way street." If you borrow from crooks, you're going to get conned. However, that doesn't excuse the corruption of the debt-money system. I personally, don't want to wait for risk management, as I have no faith in any authority. Even the police are corrupt. I want to end the fed, and start from scratch. Scary, I know, but I like grits and potatoes anyway.

 

[Stoner4Life]

if I were out east I'd participate in the protest, I feel badly that Wall Street, JP Morgan Chase are buying off the NYPD. Police departments were formed from the very beginning to protect the rich from the poor, why would it be any different today?

 

[InJoy]

As to my credit (our emotional friend calls into question)
I'm like 7 up......

Doesn't matter how much you owe or don't owe you are still the worthless piece of shit you are...

Smug prick... bet you would have fuk all to say to my face.

 

[In~Plain~Site]

No need for e-thuggin...lol

The ultimate revenge is living well, is it not?

 

[MadBuddhaAbuser]

Still going strong, and spreading to LA apparently.

just made the local news on a podunk nowhere station.


is the revolution here?

 

[DiscoBiscuit]

I don't "laugh" at the misfortune of others (not sure what led you to that conclusion)

when you choose to sign this kind of shady ass deal you cease to become a victim... greed!... blame...
if you sign the contract you deserve what you get.

... lmao

Sorry, more like taunting and laughing. I guess you never considered the fact that truth in lending laws mitigate less than truthful aka fraudulent loans.

As for 30% exactly my point if you can't afford a 15 year fixed (conventional) or if your credit is such you can't qualify you are not ready for homeownership.

Aren't you the same guy that assumes the bust was more mortgage fraud than institutionalized lending fraud? Even when the facts show -

continued, record low interest rates made bond returns suck.

global capital was pumped into the housing market in place of the suck bond market.

there were more houses built than people to buy them.

there was more money to lend than solvent borrowers to purchase and pay off.

then lenders insured their bets to lose.

Lenders no longer held their notes, sold their ill gotten gains to ignorant investors who only assumed AAA meant every mortgage in their investment was AAA. In this case, only one was AAA and the rest were junk.

Investors weren't ignorant. They thought they were playing the same game the ratings agencies had played for decades. The ratings agencies didn't disclose until after the fact that lenders paid them to up-rate their junk packages to AAA.

Had more people lived by this rule this crisis would not be of the magnitude it is.

Let's see. A surveyor with real-estate licenses in 5 states giving mortgage advice.

I don't place the entire blame on the consumer.
Nor the lender who provided the fools loan.
Nor the "regulators" that allowed the entire thing to go down.

Yet the consumer is a fool and the regulators whatever. That only leaves the lender as pejorative free. Nobody cares as much what you think as what you post. And you've only slightly acknowledged that fool consumers and down regulators were influenced by institutionalized lending fraud.

But they all had to let their greed overrule their common sense.

As to my credit (our emotional friend calls into question)
I'm like 7 up......

If that means 7 soundbites instead of reflecting reality I'd say you're on track.

 

[dagnabit]

Doesn't matter how much you owe or don't owe you are still the worthless piece of shit you are...

Smug prick... bet you would have fuk all to say to my face.

Sorry, more like taunting and laughing. I guess you never considered the fact that truth in lending laws mitigate less than truthful aka fraudulent loans.

laughing at logic that makes a speculator a victim..

Aren't you the same guy that assumes the bust was more mortgage fraud than institutionalized lending fraud? Even when the facts show -

nope..
i understand the current miasma is multifaceted in it's causation.
all parties(political and otherwise)shoulder part of the responsibility.
not just those evil "kock" brothers or the incompetent obusha..
so i guess you are the guy that assumes what others are assuming?

Yet the consumer is a fool and the regulators whatever. That only leaves the lender as pejorative free. Nobody cares as much what you think as what you post. And you've only slightly acknowledged that fool consumers and down regulators were influenced by institutionalized lending fraud.

read closer..
english is a subtle language
there is giving the fools loans which is what you read
and there is providing the fools loan.

kinda like the difference between
giving the fools gold
and
giving them fools gold.

get it?

so what is the pejorative you could not define with "whatever" :shrug:

the pejorative is only placed on the loan.

you constantly allow your preconceived notions of the poster to allow you to misread the post(if you actually read them at all).

but partisan cheerleaders tend to do so on both sides...

just remember those bankers you abhor are the top contributors to your side of the isle as well

occupy Pennsylvania Ave,Wall street and Main street cuz we all skipped hand in hand down the easy money trail here...

 

[InJoy]

occupy Pennsylvania Ave,Wall street and Main street cuz we all skipped hand in hand down the easy money trail here...

yea, you would kiss my ass then stab me in the back

I worked and sweat for my money you clearly never have...

Your problably one of the guys who wrote the loans now your in denial tryin to get to grips with your evil greedy ways.

Troll

 

[dagnabit]

Your problably one of the guys who wrote the loans now your in denial tryin to get to grips with your evil greedy ways.

nope...
but i did clean up during the bubble!

saw it coming when i saw how the lenders and borrowers were cavorting themselves...

small town institutions who historically did manual underwriting to their communities were selling paper just to clear the books so they could write more paper because everybody and their brothers were beating down the doors for some of that quick low apr loot...
this gave 'em a taste and they start marketing and robosigning garbage to folks who should never have gotten the loans in the first place. so more folks come in for their piece of the newly revamped american dream..

seriously..
ill give you a loan and then depending on an inspection im gonna give you another..

not a single red flag?

lucky for me all those 1st 2nd and 3rds require surveys for encroachments

 

[DiscoBiscuit]

read closer..
english is a subtle language

polar reasoning ain't... subtle, that is.

there is giving the fools loans which is what you read
and there is providing the fools loan.

kinda like the difference between
giving the fools gold
and
giving them fools gold.

get it?

Crystal. Square pegs don't fit round holes.

so what is the pejorative you could not define with "whatever" :shrug:

the pejorative is only placed on the loan.

A narrow mind and twisted tongue is no way to grow up.

you constantly allow your preconceived notions of the poster to allow you to misread the post(if you actually read them at all).

Your posts are quoted for reference.

just remember those bankers you abhor are the top contributors to your side of the isle as well

That's your polar voice talking to you. The majority of business is above board. We couldn't generate commerce w/o capitalism. I explained all this to you last night and you're already back to the us-vs-them crap.

occupy Pennsylvania Ave,Wall street and Main street cuz we all skipped hand in hand down the easy money trail here...

I'm trying my best to temper reaction to the fact your responses are so polar. Not in just the right-left sense but off-on.

You didn't appear to have a problem with non-comprehensive tea parties yelling, "Cut spending but leave my Medicare alone!"

Put your own parameters on your own protests.

 

[InJoy]

nope...
but i did clean up during the bubble!

saw it coming when i saw how the lenders and borrowers were cavorting themselves...

small town institutions who historically did manual underwriting to their communities were selling paper just to clear the books so they could write more paper because everybody and their brothers were beating down the doors for some of that quick low apr loot...
this gave 'em a taste and they start marketing and robosigning garbage to folks who should never have gotten the loans in the first place. so more folks come in for their piece of the newly revamped american dream..

seriously..
ill give you a loan and then depending on an inspection im gonna give you another..

not a single red flag?

lucky for me all those 1st 2nd and 3rds require surveys for encroachments

no red flags

Just naivety to believe bankers were honest.

So i was naive and when they fuked me by not keeping their word, i hunkered down and closed on the house for more than anybody would have guessed from day 1.

That is a great success story of the little guy surviving the shark attack.

Yet you still want to make me out to be somebody who was being greedy because he knew how to make money but needed to use somebody elses money. Putting a great deal of his time and money sorry it was only 20% still enough chum for the real greedy bastards your brothers in crime to want to take it from a little family who has nothing more to lose.

Keep defending that greed.


Karma is gonna krush you one day!!!

 

[DiscoBiscuit]

I got screwed on my first mortgage in 92. The broker made more money on an FHA loan than a conventional. I was steered to FHA after I suggested I'd take advantage of low interest rates and go minimum down. Of course, FHA minimum down is about 10% the down payment of conventional down. So later on the lender said I didn't qualify for conventional because of "credit implications".

I found out later that "credit implications" simply meant the broker was locked on FHA minimum down and not even considering conventional minimum down. Brokers are supposed to give you the available options, not steer you toward their best commissions.

I also found out that "credit implications" is industry speak. The broker couldn't explain why I had credit difficulties w/ no judgements and no late payments they could reference. I was led to believe that credit agencies had better tracks on my finances than I did.

Turns out, I couldn't litigate the misunderstanding because it wasn't dictated in the contract. This is a hearsay scenario where "credit implications" means one thing to the buyer and another to the lender.

So best case scenario, the broker took a look at me and assumed I didn't have conventional down. Even though I expressed wanting to know all options I'd qualify for. Not very professional to assume, she only need inquire.

Worst case, the bitch took advantage of the fact she's a professional and knows the ropes.

Peeps that think buyers should bear the brunt of unfair lending practices forget they defend the free market as a place where things like that don't happen because the market will sort it all out. Former crooks will become honest when nobody else tells em what to do.

You said it, Injoy. They'll kiss your cheek and stab your back. Especially those boasting their gains form others' hardship. Not that they did well, that's fine and dandy. But they're such fucking hyps.

 

[dagnabit]

The "tea party"
LMAO
The new big government "conservatives"
No DB I'm no partisan line toter the tea party is an even bigger joke than the occupation crowd.

Nice try at even more of your red V blue.

I love it when one of the most polar partisan posters calls me divisive.
It like grape calling someone obstinate.

Tell us again how it's all those evil republicans in bed with GS/citibank et all...

 

[wantaknow]

all those at wall street support a socialist agenda and have been douped to think that the vat ,and other taxes will fix this problem ,wrong ,dead ,wrong,the down fall of capitalism will usher in a civil war unlike eany thing the europian countrys have ever seen,when peeps wake up and relize its the bankers ,and the FED,that are responsable along with a whole host of politicians who conspire aginst the us contitution and your bill of rights ,go to you tube and search house resolution 1891 hell i cant rember the number ,but go look it up its classifyed were they have set a new bill of rights in place to be used during marshal law ,i could go on and on ,but those who wish to have a one world goverment a world tax and a single world leader are soon to get what they want and all that comes with it ,my god have mercy on us all in the coming days