I'd like to take this opportunity to remind everyone that NOT ONE person on Wall Street has even been charged for causing The Great Recession, tanking the economy, or decimating 20% of our cumulative national net worth. In fact, the beast doesn't even have the regulations it needs.
There's no such prisoner named Roy Brown, Offender ID 94441, birth date 7/24/1954 in the Madison Parish Detention Center, currently still in custody?
Man, I must be losing it, what with actually using my eyes to look at stuff and not simply trolling Digg using the slang4cat incredibly convincing "nuh uh" argument.
@sloppyjoes7, your logic that "customers do not need to be protected from sellers" would mean that banks also do not need to be protected from people refusing to pay their debts. But that's not how the world works, if you buy a ferrari with bank money, and then refuse to pay the bank, the bank will call the police to get your ferrari. The ferrari you posses is now considered "stolen" from the bank. Similarly, if you lend the bank money and they refuse to give it back to you (because they put it all in their cayman islands account), then THEY have stolen from you. That's pretty basic.
@Sloppyjoe.
More like OVERregulation and DERregulation are harmful.
*As long as the seller is not misrepresenting the product*, it's nobody's business.
Thus the need for regulation!!!
I mean when has a seller ever tried to misrepresent a product or service to an unsuspecting customer. I mean...
1.When have drug companies ever misrepresented drug trial results or product effectiveness for more profit?
2.When has Aggro industry ever sprayed poison on crops to cut costs?
3.When has the food industry ever concealed health risks of its products?
4.When has the food industry ever misrepresented its products with unregulated labels like "organic","free range", "all natural"..etc
5.When have investment banks ever sold garbage masked as AAA rated bonds to investors.
6.When have mortgage companies ever misrepresented the terms of their loans?
7.When have credit card companies ever misrepresented the terms of their contracts?
8.When have chemical companies ever dumped poison into the water supply?
9.When have tobacco companies ever misrepresented the health risks of their products?
10. When have regulations in the Aviation industry ever protected people?
11. When have Energy companies ever needed regulation? I mean Enron never hurt anybody in an unregulated market right?
12.When has blurring the lines separating commercial banking and investment banking ever been a problem?
.
The list goes on and on and on and on and on. How many of those questions did you answer NEVER!?
As long as you ignore the monopolies, child labor, exploitation of workers (especially women and minorities), racism, sexism, and point blank subversion of the democratic process through bribery.
Why is it that humans, when they form governments, are inherently untrustworthy, but when they form corporations, they are suddenly inherently trustworthy? Are all of the massive abuses of labor done by these corporations some sort of oppositional defiant disorder run wild?"
"Well, you know, under normal circumstances I would dial back my rapacious greed, avoid harming the environment or my workers for an extra buck, and contribute to the society I benefit so much from...but since you're going to try to MAKE me do it, f**k YOU, I GOT MINE, JACK!"
Your post if full of distortions and bias. If you think more critically, you'll realize Wall Street is most certainly right in the center of this financial chaos. It's telling that you blame the little guy (home owners) but not big Wall Streeters who gambled with the 'little guys' money. I don't so easily look the other way when their derivative schemes and rigging of credit ratings very directly caused our issues.
In terms of Brown, the comparison was between him and an Ex Mortgage CEO. Did you miss that?
And yes, nice typical Character Assassination of those 'evil protestors'. How dare they stand up to power and greed. This line of thinking that it's all just politicians for whom we should direct our anger is clearly Not 'out of the box' thinking.
Sorry my friend, but you are having a problem understanding what things are factually accurate. Perhaps you should adjust your news intake source from falsehoods and lies to the pure unmitigated truth. You would probably hate it, but you would also stop posting obviously wrong statements and quit looking like a fool.
@sloppyjoes7 - Perfect capitalism depends on an informed consumer. Government regulation protects us from what we reasonably cannot be expected to know.
Example. What solvents were used to manufacture your computer and how did the manufacturer dispose of them?
Could the manufacturer of your computer gain a price edge burning used solvents in drums behind the plant?
Government hires experts to investigate things like that.
novenatorOct 20, 2011Buried
I'd like to take this opportunity to remind everyone that NOT ONE person on Wall Street has even been charged for causing The Great Recession, tanking the economy, or decimating 20% of our cumulative national net worth. In fact, the beast doesn't even have the regulations it needs.
cranelakeOct 20, 2011Buried
"Equal under god." Yeah, right. In your dreams, America.
publiclurkerOct 20, 2011Buried
Of course we'd expect a corporate whore like you to say that.
miklkitOct 21, 2011Buried
Please explain how breathable air, drinkable water, and healthy citizens is harmful to the rich, middle, and poor people?
sourdoughjoshOct 21, 2011Buried
There's no such prisoner named Roy Brown, Offender ID 94441, birth date 7/24/1954 in the Madison Parish Detention Center, currently still in custody?
Man, I must be losing it, what with actually using my eyes to look at stuff and not simply trolling Digg using the slang4cat incredibly convincing "nuh uh" argument.
anomaly100Oct 20, 2011Buried
But, they have been charged without proof of being 'dirty hippies'.
geezorOct 21, 2011Buried
@sloppyjoes7, your logic that "customers do not need to be protected from sellers" would mean that banks also do not need to be protected from people refusing to pay their debts. But that's not how the world works, if you buy a ferrari with bank money, and then refuse to pay the bank, the bank will call the police to get your ferrari. The ferrari you posses is now considered "stolen" from the bank. Similarly, if you lend the bank money and they refuse to give it back to you (because they put it all in their cayman islands account), then THEY have stolen from you. That's pretty basic.
sourdoughjoshOct 21, 2011Buried
Are you referring the the "fake" prisoner Roy Brown in Louisiana, age 57, offender ID 94441?
u2canfailOct 20, 2011Buried
sloppy hopes they can take all his money next time. He loves deregulation.
threadyOct 21, 2011Buried
15 years for stealing a measly 100$? Some murderers get less than that.
cyberprunesOct 21, 2011Buried
@Sloppyjoe.
More like OVERregulation and DERregulation are harmful.
*As long as the seller is not misrepresenting the product*, it's nobody's business.
Thus the need for regulation!!!
I mean when has a seller ever tried to misrepresent a product or service to an unsuspecting customer. I mean...
1.When have drug companies ever misrepresented drug trial results or product effectiveness for more profit?
2.When has Aggro industry ever sprayed poison on crops to cut costs?
3.When has the food industry ever concealed health risks of its products?
4.When has the food industry ever misrepresented its products with unregulated labels like "organic","free range", "all natural"..etc
5.When have investment banks ever sold garbage masked as AAA rated bonds to investors.
6.When have mortgage companies ever misrepresented the terms of their loans?
7.When have credit card companies ever misrepresented the terms of their contracts?
8.When have chemical companies ever dumped poison into the water supply?
9.When have tobacco companies ever misrepresented the health risks of their products?
10. When have regulations in the Aviation industry ever protected people?
11. When have Energy companies ever needed regulation? I mean Enron never hurt anybody in an unregulated market right?
12.When has blurring the lines separating commercial banking and investment banking ever been a problem?
.
The list goes on and on and on and on and on. How many of those questions did you answer NEVER!?
thepuck77Oct 21, 2011Buried
As long as you ignore the monopolies, child labor, exploitation of workers (especially women and minorities), racism, sexism, and point blank subversion of the democratic process through bribery.
Why is it that humans, when they form governments, are inherently untrustworthy, but when they form corporations, they are suddenly inherently trustworthy? Are all of the massive abuses of labor done by these corporations some sort of oppositional defiant disorder run wild?"
"Well, you know, under normal circumstances I would dial back my rapacious greed, avoid harming the environment or my workers for an extra buck, and contribute to the society I benefit so much from...but since you're going to try to MAKE me do it, f**k YOU, I GOT MINE, JACK!"
Sure, that makes perfect sense.
sourdoughjoshOct 21, 2011Buried
http://postimage.org/image/1uvkyj0bo/
JustSayNoPartyOct 21, 2011Buried
Your post if full of distortions and bias. If you think more critically, you'll realize Wall Street is most certainly right in the center of this financial chaos. It's telling that you blame the little guy (home owners) but not big Wall Streeters who gambled with the 'little guys' money. I don't so easily look the other way when their derivative schemes and rigging of credit ratings very directly caused our issues.
In terms of Brown, the comparison was between him and an Ex Mortgage CEO. Did you miss that?
And yes, nice typical Character Assassination of those 'evil protestors'. How dare they stand up to power and greed. This line of thinking that it's all just politicians for whom we should direct our anger is clearly Not 'out of the box' thinking.
thepuck77Oct 21, 2011Buried
It's pretty easy to avoid breaking the laws when you're the ones writing them.
garhentOct 21, 2011Buried
Sorry my friend, but you are having a problem understanding what things are factually accurate. Perhaps you should adjust your news intake source from falsehoods and lies to the pure unmitigated truth. You would probably hate it, but you would also stop posting obviously wrong statements and quit looking like a fool.
http://www.snopes.com/politics/crime/roybrown.asp
m3g4tr0nOct 21, 2011Buried
Glass-Steagall didn't harm a single person.
garhentOct 21, 2011Buried
Get some critical reading skills. The story is true. He was put away for 15 years for stealing $100.
The best thing I can tell you is you need to read everything and not stop at anything you believe support your world view.
iiiearsOct 21, 2011Buried
@sloppyjoes7 - Perfect capitalism depends on an informed consumer. Government regulation protects us from what we reasonably cannot be expected to know.
Example. What solvents were used to manufacture your computer and how did the manufacturer dispose of them?
Could the manufacturer of your computer gain a price edge burning used solvents in drums behind the plant?
Government hires experts to investigate things like that.
usarugulaOct 21, 2011Buried
You place too much faith in self-governance.