Forum Post: How about this protest idea for OWS?
Posted 11 years ago on July 13, 2012, noon EST by jk1234
(257)
This content is user submitted and not an official statement
What sort of protest might reignite the masses demonstrated earlier in OWS and get back to the message of Occupy WALLSTREET literally: Libor (or Liebor) If you look at this link, you will see that everyone holding a mortgage for at least 100k has payed an extra 100 dollars per month for years. This adds up to about 5000 dollars being illegally taken from those families, or about 120 billion a year in the US, which may total about a half a trillion. http://market-ticker.org/akcs-www?post=208502
Another 40 billion lost in your local municipality/transit authority. And for the hundreds of billions of dollars stolen from the public, the bonus generated to the 16 largest banks is about 300 million. So, banks and regulators are okay with a bonus of 1 dollar for every 1000 dollars they squeeze illegally from the public: http://www.nakedcapitalism.com/2012/07/so-how-much-did-the-banksters-make-on-libor-related-ill-gotten-gains.html
Furthermore, the political system allows the fraud to continue: http://market-ticker.org/akcs-www?post=208243
Why not protest the banks to return the money directly to the mortgage holder and to the municipality? "Lie-bor: Return Our Money" "stop the looting and start prosecuting" and other banners to display at the banks and political offices. This would at least get the public aware of exactly how the Liebor scandal affects them directly, and sheds light on the fraud being allowed in TBTF banks and political regulatory agencies.
Good idea.
Libor Scandal Explained: http://www.accountingdegree.net/numbers/libor.php
Five reasons to switch to a credit union credit card vs TBTF credit card from Forbes 2010: http://www.forbes.com/2010/02/24/credit-card-credit-union-personal-finance-switch-cards.html
Excellent, interesting and inspirational post & links, further to which - I append :
The 18 banks that constitute the committee to set 'LIBOR' are :
Bank of America
Bank of Tokyo-Mitsubishi UFJ Ltd
Barclays Bank plc
BNP Paribas
Citibank NA
Credit Agricole CIB
Credit Suisse
Deutsche Bank AG
HSBC
JP Morgan Chase
Lloyds Banking Group
Rabobank
Royal Bank of Canada
Société Générale
Sumitomo Mitsui Banking Corporation Europe Ltd (SMBCE)
The Norinchukin Bank
The Royal Bank of Scotland Group
UBS AG
Some other relevant links on the matter :
"How Big Banks Run the World - at Your Expense - Once you realize money must be and is regularly created and expanded, then the interesting questions begin to occur - like "How is it done ?" & "Who benefits from it ?" by Gar Alperowitz : http://truth-out.org/news/item/9658-how-big-banks-run-the-world-at-your-expense ,
"Why is Nobody Freaking Out About the LIBOR Banking Scandal ?", by Matt Taibbi : http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703 ,
"Banking scandal : How document trail reveals global scam", by Jamie Doward : http://www.guardian.co.uk/business/2012/jun/30/banking-scandal-barclays-lawsuits-libor ,
"How Big Banks Victimize Our Democracy", by Bill Moyers - Moyers, Matt Taibbi and Yves Smith discuss the folly and corruption of both banks and government. Also, Peter Edelman on fighting U.S. poverty : http://www.informationclearinghouse.info/article31694.htm &
"Banks Weren’t Meant to Be Like This", by Prof. Michael Hudson ; http://www.informationclearinghouse.info/article30367.htm .
radix omnium malorum est cupiditas ...
to "what else ya got" - what about another international day celebrating the original international day that was seen early in OWS. Have Liebor and other frauds as the focus of international day, and in addition, on that day have people globally take money out of TBTF and transfer into community banks or credit unions.
In addition on that day people can cut their credit cards from TBTF institutions, and start using debit cards, checks or cash via a non-TBTF bank.
The financial fraud and political pandering to it speaks to everyone, and unifies everyone with a common goal, whether they are liberal, consvative, neither of the above, heterosexual, homosexual, male, female, black, white, Hispanic, native American, student, employee, employer, union, non-union etc
protest, shmotest. it's a one trick pony. what else ya got.
Never underestimate the power of the people stampeding to save their lifetime savings and investments. When there are enough lawsuits filed to make the financial pictures of the guardians of their savings and investments murky, savvy people (probably large shareholders or depositors) will quietly pull out. Others will follow and any bank involved can become insolvent. Then contagion may follow in a cascade.
if you whiners really meant it, at least 10 of you would have protested Tibetan monk style by now. instead you poop on police cars.
Just curious, do you have the figures on the percentage of OWS'ers who pooped on police cars?
I would bet that the percentage of corporate and government leaders pooping on our most basic constitutional rights is a thousand times greater. And with the passage of Obama's health care tax, they are forcing the poop down our throats!
"Just curious, do you have the figures on the percentage of OWS'ers who pooped on police cars?"
yes I do
"I would bet that the percentage of corporate and government leaders pooping on our most basic constitutional rights is a thousand times greater."
you would lose that bet
"And with the passage of Obama's health care tax, they are forcing the poop down our throats!"
so true. thank the establishment left in this country for that.
You're are just an anti Obama partisan republican.
You stand against the people and you advocate for the 1% plutocrats that prey on you and your family.
How can you betray your own class and help the 1% take from your own family.
Have you no shame?
Peace
the republicans are the presidents best cheer leader
Really.? Maybe in terms of war. They haven't complained about the drone attacks that much is true. But I've heard repubs criticize evry foreign policy (military action) Pres Obama has undertaken.
And they did create the NDAA law that he signed. I don't get the whole "best cheerleader" from them. I think we are seeing a different set of republican acts.
Peace
I haven't been listening
I don't want to fight puppet democrat
Then you shouldn't.
No more puppets. no more puppeteers
"You're are just an anti Obama partisan republican." -- laughably wrong. both parties suck balls.
"You stand against the people and you advocate for the 1% plutocrats that prey on you and your family." -- drama queen much?
"How can you betray your own class and help the 1% take from your own family." -- drama queen much more?
"Have you no shame?" -- do you ever stop drama queening?
"Peace" -- liar
You ain't kiddin anyone. You are a shill for the 1% plutocrats who prey on the 99%.
You only complain about Obama. never your republicans.
Peace
when have I ever complained about obama?
as the DNC rep here, I am sure anything that isn't gushing praise of obama is seen by you as complaining about him, but you're wrong.
both parties suck. why are you so in love with a party that sucks? the DNC use you like a tool from their wrinkled old smelly tool bag. why are you a tool for a party that sucks?
Please.
keep the vulgar, hostile, offensive schoolyard bullying tactics of your candidate Romney to yourself.
You are not convincing anyone.
do you host a show on msnbc? I know I've heard that same lame bullshit before.
you are a republican partisan who advocates for the 1% plutocrats who prey on you, your family and rest of the 99%.
You betray your own class.
I did not know that poop had such enlightening power for our finest, so much so that they have resorted to raiding home searching for reading materials. People, come smell the spiritual blue roses budding from the application of poop.