Forum Post: Zuccotti Park is publicly subsidized land
Posted 13 years ago on Nov. 3, 2011, 10:56 a.m. EST by shirleykressel
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The developer who owns Zuccotti Park has received millions of public dollars in subsidy. This is land the public paid for, even though it is "private" in ownership now. See the story at http://clawback.org/2011/10/31/occupying-subsidized-space/ Occupy Wall Street is fully entitled to exercise its rights of free speech and assembly there.
Cox has it's name on San Diego's football stadium
I think this is an example of corporate and government collusion.
Things like this are part of the problems that are being protested
If this is true, how can it be justified and "not" be another form of theft?
I thought that all along!
Just because some jackhole writes an opinion piece with charts and graphs does not make it so.
i'm cool with the protests, I just have a hard time understanding the need to live there...what's wrong with going home at 10pm, and coming back at 7am?...there's less chance for civil disorder, disease, crime, etc..area businesses would do better, and the point of the protest still remains intact
Ya, we shot ourselves in the foot on that one. See, some guy at one of the first assemblies proposed we call ourselves Occupy and the motion was passed. Afterwards, it seemed illogical that we would leave the park at night since that would not jive with our idea of occupying it. Damn, I'm writing this on the iPad in my tent, and I can tell you, I wish I was home with a warm cup of hot chocolate instead.
So if you ever get any public assistance then I get to come Occupy your space?
If one of the stipulations of the assistance was that I had to share my home with the public, then, yes.
Good point.
The property is designated for public use DA!
privately owned and ALLOWING OWS to use it, DA!...If the owners asked the police to remove them, guess what would happen!...BTW - aren't you the same person asking ME to help you understand the stock market last week? DA!
According to another user on here, the property is privately owned but was given to the city for public use in the 1960ies. And ordinances in that part of town apparently allow 24 hour public access to the park! If the city has been paying for the upkeep of the park all this time I think before the owners decided to change the rules they would have to pay the city back maintenance and upkeep costs.
That's fine. I personally don't have problem with them camping in it.
Oh no! your an expert on real estate and property law to I guess? Well you didn't answer all the market questions I had either! Like the one why is it that only banks and investment companies and brokers and the like are the only noes allowed to participate in IPO purchases?
And why isn't the value set for a IPO based on assets and not fantasy? Why can you have an upstart without anything but the price to play!
The private owners are selling their business to the public, Paul. Who sets the price if you want to sell your car on craigslist?
You can ask for a set price, which is the gray area in determining value, or the buyer can set the price, the price is determined by what the market will bare blah, blah, blah. Tangible and intangible assets are two different things. A car is different that a promise!
No one is forced to buy an IPO. If the price is more than you think the company is worth, then don't buy...is that rocket science?
Thats the think your talking upstarts, How do you know what the company is worth if it's a promise. Well when false and fraudulent information is supplied by the seller the buyer only has lies to base his/her judgment and that's risks. The initial investors the ones who can afford to buy large blocks of shares sit back and wait to see if it takes off and they usually get out when the profit margin reaches a certain %., they really don't give a dam about the company any more, it's all packaging, advertising.
Buyers of the IPO are taking a risk. The risk that is being taken is what value the rest of the world will put on the company in the future. If they think the IPO price is lower than what the market will value the company in the future, then the investment can be sold in the future at a profit. If they are wrong and the market values the stock lower in the future, then they have a loss. It's what risk capital is all about, Paul....that is a very fair system.
Oh please don't try to feed me this crap! As an employee I was through this with 4 different companies. stock starts out at 38.00 a share in one year it's pennies, company is booted from the big board, Company declares chapter 9 investors get screwed out of their money because the company buys back the shares from share holders for pennies on the dollar. Company changes it's name, restructures it debt, courts cut the debt in half 4b instead of 8b fuc_ing legalized theft. all the creditors get stuck with shares of this newly created piece of crap company instead of payment. With all these red flags surrounding this “new” company the IPO opens at 37.00 a share, What does that tell ya! so what happens all the creditors know it's a piece of shit so they sell all their shares to try and recoup there losses. Company has long since closed offices and laid employees off, ships work overseas because they have no suppliers no one wants to do business with them!
8 months later shares are back down to under a buck. Who pays for all of this? The little guy out there buying a couple of share, he gets screwed dry! So to all the stock jocks out there, If you can sleep at night more power to you, and enjoy it while you can because a pool in the desert will eventually dry up!
Worse than that, didn't buy into these companies I worked for them, and is that the best you can do! Loop and permalink, Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalink,Loop and permalinkLoop and permalinkLoop and permalinkLoop and permalinkLoop and permalink
So good luck Mr. Banker
Sounds like you have been buying crap companies. Can't blame anyone but yourself for that. Do some research first.
I disagree the price should be determined by the fair market value, like an auction, what a seller will sell for and what a buyer will pay. everything is disclosed up front, everyone has an equal opportunity to buy or sell, no one is left in the dark. every share could be a different price, from one second to the next, depending on the demand. A minimum price or reserve could be set by the seller. Something to that affect that would protect from deep declines, currently it to speculative.
If you don't understand the market, watch others who do from the sidelines, paul....the market isn't going to make it easy for you to understand and protect you from losing money doing something you had no business doing since you didnt understand it.
No, I KNOW I am not an expert in those areas. You can participate in an IPO purchase. Who says you can't?
You have to buy a minimum of shares like 1000
So? Plenty of IPO's come out in the $10 range. Who doesn't have $10k to invest?
A lot of people don't have $10K to invest, that's exactly the point of this website the OWS thing, a small group of people, lets say people that can take 10K out of their tackle box, and throw in down on say a whole bunch of stocks like lets say WAMX......HA AH look that one up! It's the fact that a small group is controlling every fu_kin thing when it comes to money and it's all slanted in their favor!
If you don't have $10k to risk then you shouldn't even be thinking about an IPO..
Sure, but the rights of free speech and assembly have time limits. In law, you have the right to assemble and say what you have to say, but you don't have the right to occupy land and repeat the same things over again, and again, and again, like parrots.
Corporations, Wall Street, and the Government are all Deaf!