Occupy Wall Street

[jibbguy]

ACORN claims: Total BS. The only "source" at all is Fox News who says it was from an anonymous tip. The Festival of Ignorance continues there lol.

THANK GOD Fox news is not on our side!

Tax: The actual proposal before the GA is for a 1 percent tax on wall street stock and bond transactions (and derivatives and commodities).

Right now, the only place that transactions over $10,000 are not reported, are on wall street. This has allowed billions in drug money to be laundered through it, mainly by the largest commercial banks. This modest tax would also stop that.

[Joit]

The San Francisco Sheriff That Shot Scott Olsen

[Joit]

Message from a Police Officer
A Message to All Police Officers From Occupy Wall Street - YouTube

[Joit]

http://www.nytimes.com/2011/10/30/op...R_AP_LO_MST_FB

CITIGROUP is lucky that Muammar el-Qaddafi was killed when he was. The Libyan leader’s death diverted attention from a lethal article involving Citigroup that deserved more attention because it helps to explain why many average Americans have expressed support for the Occupy Wall Street movement. The news was that Citigroup had to pay a $285 million fine to settle a case in which, with one hand, Citibank sold a package of toxic mortgage-backed securities to unsuspecting customers — securities that it knew were likely to go bust — and, with the other hand, shorted the same securities — that is, bet millions of dollars that they would go bust.
Josh Haner/The New York Times


Citigroup to Pay Millions to Close Fraud Complaint (October 20, 2011)

Room for Debate: The Psychology of Occupy Wall Street

It doesn’t get any more immoral than this. As the Securities and Exchange Commission civil complaint noted, in 2007, Citigroup exercised “significant influence” over choosing $500 million of the $1 billion worth of assets in the deal, and the global bank deliberately chose collateralized debt obligations, or C.D.O.’s, built from mortgage loans almost sure to fail. According to The Wall Street Journal, the S.E.C. complaint quoted one unnamed C.D.O. trader outside Citigroup as describing the portfolio as resembling something your dog leaves on your neighbor’s lawn. “The deal became largely worthless within months of its creation,” The Journal added. “As a result, about 15 hedge funds, investment managers and other firms that invested in the deal lost hundreds of millions of dollars, while Citigroup made $160 million in fees and trading profits.”

Citigroup, which is under new and better management now, settled the case without admitting or denying any wrongdoing. James Stewart, a business columnist for The Times, noted that Citigroup’s flimflam made “Goldman Sachs mortgage traders look like Boy Scouts. In settling its fraud charges for $550 million last year, Goldman was accused by the S.E.C. of being the middleman in a similar deal, allowing the hedge fund manager John Paulson to help choose the mortgages and then bet against them without disclosing this to the other parties. Citigroup dispensed with a Paulson figure altogether, grabbing those lucrative roles for itself.” (Last Thursday, the U.S. District Court judge overseeing the case demanded that the S.E.C. explain how such serious securities fraud could end with the defendant neither admitting nor denying wrongdoing.)

This gets to the core of why all the anti-Wall Street groups around the globe are resonating. I was in Tahrir Square in Cairo for the fall of Hosni Mubarak, and one of the most striking things to me about that demonstration was how apolitical it was. When I talked to Egyptians, it was clear that what animated their protest, first and foremost, was not a quest for democracy — although that was surely a huge factor. It was a quest for “justice.” Many Egyptians were convinced that they lived in a deeply unjust society where the game had been rigged by the Mubarak family and its crony capitalists. Egypt shows what happens when a country adopts free-market capitalism without developing real rule of law and institutions.

But, then, what happened to us? Our financial industry has grown so large and rich it has corrupted our real institutions through political donations. As Senator Richard Durbin, an Illinois Democrat, bluntly said in a 2009 radio interview, despite having caused this crisis, these same financial firms “are still the most powerful lobby on Capitol Hill. And they, frankly, own the place.”

Our Congress today is a forum for legalized bribery. One consumer group using information from Opensecrets.org calculates that the financial services industry, including real estate, spent $2.3 billion on federal campaign contributions from 1990 to 2010, which was more than the health care, energy, defense, agriculture and transportation industries combined. Why are there 61 members on the House Committee on Financial Services? So many congressmen want to be in a position to sell votes to Wall Street.

We can’t afford this any longer. We need to focus on four reforms that don’t require new bureaucracies to implement. 1) If a bank is too big to fail, it is too big and needs to be broken up. We can’t risk another trillion-dollar bailout. 2) If your bank’s deposits are federally insured by U.S. taxpayers, you can’t do any proprietary trading with those deposits — period. 3) Derivatives have to be traded on transparent exchanges where we can see if another A.I.G. is building up enormous risk. 4) Finally, an idea from the blogosphere: U.S. congressmen should have to dress like Nascar drivers and wear the logos of all the banks, investment banks, insurance companies and real estate firms that they’re taking money from. The public needs to know.

Capitalism and free markets are the best engines for generating growth and relieving poverty — provided they are balanced with meaningful transparency, regulation and oversight. We lost that balance in the last decade. If we don’t get it back — and there is now a tidal wave of money resisting that — we will have another crisis. And, if that happens, the cry for justice could turn ugly. Free advice to the financial services industry: Stick to being bulls. Stop being pigs.

Wiliam Black's Work brought more then 100 Bankers 1993 out of Business, but today, he states it is even 70 Times more worse as these Days.
Bill Black @ #occupywallstreet on Arresting Banksters - YouTube
Corruption and Fraud seems, is her Passion.

[Joit]

3 Remarkable Occupations You Haven't Heard Enough About | | AlterNet

'Occupy Wall Street' - Celente: Washington is Wall Street, Wall Street is Washington - YouTube


World Collapse Explained in 3 Minutes - YouTube


An Open Letter to the Citizens of Oakland from the Oakland Police Officers’ Association « Oakland Police Officer's Association

[Mad Scientist]

If a group is protesting peacefully they should be allowed to do so as long as they are breaking no laws or harming no one else.

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

[anut]

“Withholding payment of taxes is one of the quickest methods of overthrowing a government.” — Mahatma Gandhi

[Aaron]

84 year old woman peppersprayed by police

Occupy Seattle: Octogenarian activist Dorli Rainey on being pepper-sprayed by Seattle police, importance of activism - Countdown with Keith Olbermann // Current TV

Seattle police pepperspray an 84 year old woman! She has an awesome
attitude regardless of whether anyone believes in this occupy movement
or not.