Forum Post: Shopping list for what OCCUPIERS need / want to be comfortable and continue ON
Posted 13 years ago on Oct. 7, 2011, 1:13 p.m. EST by dladwigh
(5)
from FORT YUKON, AK
This content is user submitted and not an official statement
Could you perhaps make up a vertical list, with columns for me, maybe for others?
Then, you could update items and columns, and let folks from away know what you need, help keep UPS (union !) busy, and your occupiers supplied. Thanks! David
Just don't buy any of those things from the eeeevil corporations you're boycotting!
Congratulations, you have demonstrated you are LIKE totally qualified to be a serf in the Neo Corporate Feudal state!
Need: a clue, personal responsibility lessons, classes in personal finance, to understand that other people's money doesn't belong to everyone else
That's not a vertical list. Someone needs to add reading lessons to their personal list of needs and wants. :-D
It was in the comment edit box but the system wouldn't keep it. I guess if I had double spaced.
Why must these organizers discriminate against us; the single-enter-key-pressing minority?
Personal responsibility? You mean like the banks and government colluded to put trillions of tax payer dollars at risk after the market crash to preserve the financial systems' revenue streams? You mean like the fact that the relaxation of SFAS157 means that banks don't have to mark their liabilities to market values? You mean like the fact that the financial companies were offered 0% interest rate loans rather than credit at market rates?
LOL at personal responsibility, if the financial system adopted that philosophy, their current incantation would be unrecognizable because they would have collapsed, been bought up by investors, and split apart into 100's of pieces.
The banks are not a "person". The person who bought a house they couldn't really afford but thought maybe, just maybe and interest-only is a good idea . . . the person that freely took out $60k in student loans for a degree in Art History of the per-industrial Era and cannot accept that this doesn't guarantee you a high-pay job . . . those are people. Those are people who need the personal responsibility lesson AND the finances lessons.
Doofus.
Actually, legally, they are "persons" (but in my opinion, ought not to be).
Santa Clara County v. Southern Pacific Railroad, 118 U.S. 394, the Supreme Court recognized that corporations were recognized as persons.
But that is one of the problems, that corporations are recognized as persons. Entering in contracts is fine, but stop there with affording corporations "person rights"
The person who bought a house they couldn't afford and the person who took out 60K in student debt didn't put the whole economy at risk, you are comparing apples to oranges.
Also, the scales are entirely different. We're talking 10's of trillions of dollars to the finance industry, whether through subsidies (lower cost of credit afforded by emergency credit lines), Fed loans ($16+ trillion according to the audit, $3+ trillion which went to companies ABROAD), QE programs which are put in place simply to buoy asset prices, direct cash injections, ZIRP, POMO etc.
The people I cited did put the economy at risk. The banks had to be bailed out because the mortgages they were wheeling and dealing with each other were loans to people who could not afford to pay the loans.
If the loans that the banks traded amongst themselves had been traditional loans requiring down payments and a responsible interest to offset risk (rather than the 0 down, subprime, interest-only loans) then the trading would have been far less dangerous and volitile. Yes, it may have still collapsed, but there wouldn't have been a bubble to free-wheel with so probably not . . .
Personal responsibility for a bank (I still do not accept the personal responsibility in regards to persons is the same as regards to businesses) is spread to meeting the best interests of their employees, stockholders, owners, and then their clients. Sometimes the needs of all the groups align but mostly they do not. Businesses must balance that to stay in business. Piss off enough clients and you collapse. Piss off investors and you collapse. Piss off employees and you collapse. Piss of the owners and you collapse.
But do not forget that persons took those terrible loans in the first place and now squat on Wall Street whining about how hard a burden their willingly-accepted loans are.
Well, no FortheWinnebago, the court clerk in writing up put that in. See Thom Hartman http://www.amazon.com/Unequal-Protection-Corporations-Became-People/dp/1605095591/ref=sr_1_1?ie=UTF8&qid=1318009015&sr=8-1
Will check that out, this could change my understanding based on some of those reviews.