Goldman Sachs view on crooked banker protests (17Nov11)

[balearicsoundwave89]

a fine woman,telling the truth as it is.we dont get much of a voice from the media.[none].the media are paid puppets who are basicaly thick or on the side of thier owners. people are fed up of being lied too. and more are on the side of the protesters than they know.they can lie and whine all they want,but we will not go away.

[GreatWhiteNIGGA69]

we need more women like her and less men like me

[malachy81]

A fit ginger you don't see many of them

[2490debrick]

Neither of these two have a clue what they are talking about!

[therumourlive]

WE HAVE A DEBT CRISIS BECAUSE THE GOVERNMENTS AND THE PEOPLES THAT EXIST UNDER A CENTRAL BANK SYSTEM DO NOT ISSUE (PRINT) THE MONEY, NOR DO THEY CONTROL THE INTEREST RATE OF THAT MONEY. THIS IS THE 21ST CENTURY SLAVE ECONOMY, THIS JUDAS TYPE CHARACTER WHO SPITS HIS NONSENSE ABOUT GOVERNMENT SPENDING HAS MERELY RECEIVED HIS 30 PIECES OF SILVER FOR DEFENDING THE FINACIAL RAPE OF THE CITIZENS OF EUROPE AND THE UNITED STATES.

[rev0107]

35% support the movement, the other 65% haven't heard about it?

[mrzipdisk]

"journalist" for a fashion magazine I'm guessing?

[mrzipdisk]

The word change is meaningless.

[nervosa00]

I think I'm in love with her.

[ChainReaction666]

Another throat to slit after the revolution.

Scum like him don't even consider the possibility that we have had enough and we aren't stopping until the job is done and we have a free world. Man, will he be surprised...

[H204Real]

gov gone bad

[aerozeppelin2]

The problem that we have as a society is that we blame everything on banks/politicians who of course have played a huge part.

But!

We neglect to mention the fact no one forced us to take more borrowings, as individuals we've lived beyond our means and this is especially true of Gov's who lived beyond their means.

Now of course socialists like to paint the money lenders as the problem, but without these shysters there wouldn't be the money to fund their 'initiatives' - all to blame.

[billyelliot1975]

@aerozeppelin2 I can't agree more, thank you for some sense to this media storm. These people all forget that they are part of the problem too. All jetting off on their financed cars and holidays and spending money they don't have. Adding to that their 100% mortgage which means they are stuffed if house prices go down or interest rates go up. The Government are more to blame than the banks...they should have let the poorly managed banks like RBS fail & let survival of the fittest kick in.

[akumous]

We should swallow the crap these bankers and politicians are trying to feed us. The system, economic system is fucked, the economic structure needs to be deconstructed and make anew.

[ishred]

"public spending" doesnt necessarily mean public assistance programs.....i took it to mean government spending....but maybe it means different in the uk.

[withaarwithaar]

It is rather weak to lambast protesters for not offering any alternatives. Protest is inherently, initially, not constructive. Such a criticism coming from a top banker and many political heads is a straw man argument. What is amazing about the protests is how so many people from different walks spontaneously get together to manifest. A clear sign that something is wrong that, if ignored, will only become louder and clearer. A sign for those that purport to have solutions.

[ishred]

nordic countries? lets talk about places where the population is above a million people.

she had nothing to say, he didnt get enough time to talk....the end.

[pinnaclepix]

SHE KICKED HIS SORRY a... wow, this is like watching the tyrant parent being called in all of his BS by first the daughter and them mom joins in calling the hypocryte on the face... she rules

[sjcosten]

RICHARD SHARP ? what a douchelord.

[kileer7]

Penny; the Suit Monkey; and the Information prostitute walk into a bar ...

[Textynn]

Oh this guy is good. Oh, so above this woman's completely uninformed naivete as he interrupts her so she can't finish a sentence. Very, "we know everything and you don't know anything" cavalier arrogance we've see so many times before. Kabuki theater that snobby lawyers and bankers are so consummate practiced at. The winning demeanor that has been used to rob billions of people throughout history.

[ishred]

maybe i saw a different video than you guys, but i thought she got owned. she didnt provide one answer with any substance, and sall she did was spin his arguments.

towards the end he was stating that governments spend more than they make, and somehow she is spinning bailouts into it. in the us, the bailouts were a small % of the debt we have, and most was paid back with interest.

also, bailing out the banks saved many jobs of the "99%", the money didnt just go into someones pocket

[Warpchy]

@ishred Money wasn't all paid back by everyone, and even those who did probably wasn't by much. Part of the deficit is when unemployment rises governments lose potential income, and unemployment rising was a result of the financial crisis where when money suddenly disappears money stops moving as much, which then results in less business and less jobs. The bailout saved jobs but should not absolve the financial institutions from making that big of a critical gamble and losing.

[TakeshiAndTheKid]

@ishred He is talking nonsense, she was incoherent at the start but dead on with the point that it's not public sector spending that caused this. Spending is taken into account in the budget from year to year and most countries racking up their debts now had balanced budgets before. And she's also right in pointing out that it's a global problem, and if anything, more left leaning countries have less of a problem.

[Guncriminal]

@TakeshiAndTheKid

Of course public sector spending is to blame. How do you think the country racked up a £4 trillion debt? Governments have been spending money they don't have - on the public sector.

"more left leaning countries have less of a problem."

You mean like Greece? Oh wait...

[TakeshiAndTheKid]

@Guncriminal And what about the Nordic countries?

Greece is in such trouble partly because Goldman Sachs helped them lie about. Greece isn't in the state it's in because of SOCIALISM, it's in the state it's in because of general corruption. I suppose you believe Greeks are lazy are retire at 50 too? They are the most over worked in europe, and 1 in 3 live in formal poverty.

[Guncriminal]

@TakeshiAndTheKid

"And what about the Nordic countries"

They're not doing that well. Wait long enough, everywhere is Greece.

"helped them lie about"

Lie about what? If their government has spent more than it can ever pay back, that's their fault.

"I suppose you believe Greeks are lazy are retire at 50 too?"

If you're living off the state from 50 onwards, you're a large tax burden. More expense = more debt. No wonder Greece is in such a state if those are the sort of policies they have.

[TakeshiAndTheKid]

@Guncriminal "Wait long enough" is not an acceptable answer. There is no real correlation between the level of public spending. You cannot just assume you'll be proven right. In fact, Greece had relatively low public spending. The fact that you actually believe that Greeks retire at 50(they don't) and use it as a "No wonder" remark shows a deeper problem here; public ignorance.

[Guncriminal]

@TakeshiAndTheKid

"Wait long enough" is not an acceptable answer"

Too bad.

"There is no real correlation between the level of public spending"

I never said there was. If your spending exceeds your income, you end up in debt, as Greece did (and Sweden didn't), so this is a red herring.

"The fact that you actually believe that Greeks retire at 50(they don't)"

What I actually posted was: ."..in such a state *IF* those are the sort of policies they have."

Don't quote out of context.

[TakeshiAndTheKid]

@Guncriminal

"Public spending: according to the Center for American Progress, public spending in Greece is only 44.6% of GDP. This is lower than the EU average, lower than Germany’s 46.6% and considerably lower than Sweden’s 55%."

news. yahoo.com/five-myths-greek-cri­sis-151500373.html

[Guncriminal]

@TakeshiAndTheKid

None of that means what you seem to think it means. Greece's public debt is running at around 144% of its GDP.

[TakeshiAndTheKid]

@Guncriminal What do I think it means then? You are completely clueless. The point is utter morons are blaming the Eu crisis on SOSHALISM when it's obviously not the case. Greece has a huge debt yet relatively low public spending. This is, if anything, due to the rich getting away with not being taxed.

[Guncriminal]

@TakeshiAndTheKid

All it means is that 44.6% of the total money spent is spent by the public sector (it's not an accurate figure and the public sector runs off taxes, so it's rarely productive). It doesn't say whether the books are balanced or not.

Speak of which, it's good that you're admitting that Greece spends more than it collects in taxes, but your evaluation is wrong. If you're in debt, it's your fault for spending too much, not your employer's for not paying you enough to cover it.

[TakeshiAndTheKid]

@Guncriminal .... but you can as easily blame it on the tax intake. A state doesn't work like a business. For one it's bad for a business to be in debt at all, whereas an economy functions on the basis of there being some debt. The tax intake was largely down to tax *evasion*. You say if that they're spending too much, and taxing too little, keep the low tax. But which one is more likely to save lives and livelihoods? According to most real world examples- spending, providing it's not wasteful.

[ScytheNoire]

Governments are responsible, responsible for allowing the Banks and Corporations to run their countries and allowing them to destroy the economy. The Banks and Corporations are behind this global crisis, and it's the fault of the Governments who allowed it to happen. They allowed themselves to become a Corporatocracy (America being the worst of them) and lost sight of Democracy. Democracy is what is at stake here. Freedom is waning. Time for revolution.

[ohkfilms]

hahahhhhhha.. tht was awesome

[kemicon]

the Goldman Sachs crony got owned. People are wising up to the corporate bullshit you hear on mainstream news.

[rambo26]

She makes my blood pressure rise to dangerous levels

[hobo59]

Bankers..... Politicians....What's the difference. Socialism is dead and will never succeed here in the U.S. in spite of liberal socialists from Europe trying to take back the colonies King George lost !

[m7superstar]

If the idea is to run the country like we'd run a business, well... THEN FIRE THE INCOMPETENT PUBLIC SERVANTS WHO HAVE CAUSED THIS BUSINESS TO FAIL!

In truth, we're not dealing with greedy businessmen or incompetent politicians, we're dealing with accomplished criminals. Period.

[therealhaxwell]

The problem is that money IS debt. If there was no debt, there would be NO money.

youtube.com/watch?v=Dc3sKwwAaC­U

[Edohiguma]

Congrats Laurie, you have no fucking idea about the problems. Typical dumbass American. Laurie, just another useful idiot, a tool, nothing else.

And hey, the US national debt would have gone up without the bailouts and with super high taxes. Why? Cause if you give a politician 10 million, he will spend 20. You give him 20, he will spend 30. Don't believe it? Look into the EU. Take Germany. Criminally high taxes, yet the national debt is through the roof, without war, without huge bailouts.

[Alimantado91]

@Edohiguma Laurie is American?

[bibekd]

It is correct to say the socialist governments of Europe are now crumbling, and a good thing too. We need less government and lower taxes now to get the economy moving.

[BookFarmerKC]

@bibekd They're crumbling because the moved to the right.

[tinfistsweeny]

@bibekd Right, because the "less govt, lower taxes" mantra that's been pushed for the past 30 years -- from both Dems and Reps -- has worked so well. You need to start thinking of this in terms of POWER. For decades, government has been stripped of power and regulatory ability. This power hasn't gone to the people -- it's gone to corporations and banks, who've benefited from lack of government oversight in order to commit wide-scale fraud. Watch the documentary Inside Job. It's online at Vimeo.

[TakeshiAndTheKid]

@bibekd There are no true socialist governments in Europe. And the ones that are closer to socialism such as Sweden are not crumbling at all. Austerity measures forced on countries by the european central bank are leading to more neo-liberal policies and are NOT helping the economy to get moving.

[Guncriminal]

@TakeshiAndTheKid

Spare us the "no true scotsman" bollocks.

[TakeshiAndTheKid]

@Guncriminal Right wingers trying to use logic? lol.

There are no true socialist governments in europe. This is a fact. They still have "free markets". If they were truly socialist, the recession wouldn't have been able to happen, at least in the same way, since there would be no capital as such.

[Guncriminal]

@TakeshiAndTheKid

All governments in Europe are mostly socialist; the rights of collective and it's representatives take precedence of the rights of the individual. When the Chinese government pushed people off their land to build their olympic stadium, that's socialism. When Gordon stole private pensions to fund the public sector, that's socialism. When the government bail out failed banks and failed industries, that's socialism. We're in debt because of socialism.

[TakeshiAndTheKid]

@Guncriminal How many real socialists do you think were behind bank bailouts, exactly?

That's corporatism you're describing, and one thing that both naive Freebertarians and Socialists can agree is wrong.

[Guncriminal]

@TakeshiAndTheKid

When a bank fails knowing that will be bailed out at public expense, that's sociailsm too; it just becomes another defacto public sector institution sucking up money.

"That's corporatism you're describing"

The difference isn't one of principle.

[bdblackwood]

The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship.

-- Andrew Carnegie

[asdf12334able]

Well said Penny.

[rober1236jua]

He got served, this is why Occupy is being pepper sprayed, the banks can not defend their position. Here is one of the most elite bankers in the world being made to look stupid by a 20 something protester on TV. The banks can't allow this debate because they know that they simply can't win, its impossible. So they are trying to censor it.

[CappelliRossi]

This hostess is incredibly rude by interrupting her guests before they're through posing their points.

[ordotrajanus]

Sitting in the streets should get you arrested. If you insist that this is "free speech" and resist arrest then you should/will be violently arrested. Americans do not support the "Occupy movement". Obama is not spooked by the Occupy movement, as it is being organized from the White House and supported by the press. The vast majority of Americans see the Occupy movement as just another shell game perpetrated by and alliance of unions, progressive politicians and their accomplices in the press.

[jasonmclose]

banks do not possess the ability to bail themselves out, ergo, they don't possess the ability to add debt to a nation's balance sheet. the gov't decides to give away money; the banks are simply guilty of holding out their hands and taking it (but so are a lot of other individuals and industries in which the gov't gives free money).

OWS's anger is completely misdirected. debt is the gov't's problem, and was gov't created. it needs to be gov't fixed. the banks can't fix gov't debt.

[badgerminor]

@jasonmclose Pretending that that most governments at this stage are not controlled by the financial sector is not fooling anyone. At the moment, there is a revolving door between government and banks, in which the same people, or their spouses. siblings, parents, or children act in concert to loot the public treasuries. The banks are in no way passive in taking handouts.

[rober1236jua]

@jasonmclose The banks didn't just hold out their hands, their insane conduct led to a crisis where they went to the gov and said 'bail us out of the banks won't open Monday morning', in 2008 global gov faced the potential of a run on the banks. The banks got their bailouts via blackmail with the global economy, they created a system where they could demand 100 of billions in bailouts of there would have been a run on global banks!

[jasonmclose]

@rober1236jua all of this is a great argument for an Occupy Congress. by allowing gov't backed investments, the banks can do whatever they want with their money, reaping the rewards when they're right (profit), and letting the taxpayer take the hit when they fail (losses). the rules need to be changed, but via the gov't, not the banks. in no way am i arguing that the process is right. but the banks aren't going to change a thing. votes, voting, and the gov't have the power

[rober1236jua]

@jasonmclose The first element of change is to show the level of power the banks hold over the government. Then it is key, via use of Credit Unions, for ppl to break this power. Voters need to send ppl to Congress who will actually regulate these banks and enforce their laws. Unless you undermine the power of banks they are so powerful now they can force bailouts from any government. They can essentially hold the economy hostage to get their bailouts when they need them.

[jasonmclose]

@rober1236jua i like your statement that exposing the banks influence is a good idea. OWS is good in that respect. but using CUs will do nothing. who do you think they sell their mortgages and portfolios to? hint: big banks. if we rid the gov't from the financial process (i.e. no gov't backing of mortgages or investments), & we just make banks have money that they invest (i.e. no imaginary $), then the banks would tighten their belts really quick. gov't involvement makes it worse

[rober1236jua]

@jasonmclose Using CU will NOT do nothing, even if all their loans are sold on to larger banks. Firstly CU will mean that the money sitting in accounts is not available to investment speculators even if the loans are. Secondly the CUs are not carrying out the derivative practices of giving bad loans for the purpose of fooling other in to buying them. USing CUs brings back separation of investment and financial banking. Though I do support great cash on hand requirements as well.

[jasonmclose]

[sic] "35% of the american public still support the movement" - how do you know this? have you polled 35% of americans? i don't support it (i would support an occupy congress), and don't know many who do.

"we have a massive deficits across the world because of a financial crisis that occurred 3 years ago"..."we have debt because the super rich and the banks were allowed to run rampant with public money" - absolute bs. the debt was here before the crisis, and would've been here without it.

[linkinwayne]

@jasonmclose LOLmaybe read up on some basic stats before talking out of your ass? First of all, you wouldn't poll the entire american public to know every single bit of information you're currently interested in - that's what samples are for. Secondly, a sample size of 35% is still pretty large - though I'm sure you're just being stupid as per the rest of your comment, and meant "have you polled all the americans and obtained 35% etc".

[jasonmclose]

@linkinwayne i know exactly what a sample size is. i took senior level statistics in college (a very easy course, i must admit). she didn't say her sample size was 35%; she said 35% supported them. first, where did she get her info, and what was the sample size, and where were people polled? what is the margin for error? you can poll half of the people in texas and california, and get a huge sample size, but that doesn't mean you'd get a good view of what most people actually think.

[rober1236jua]

@jasonmclose a poll giving 33% approval to the Occupy movement was widely reported before this interview and can be found by anyone bothering to Google before talking (she did you clearly did not)

[linkinwayne]

@jasonmclose

In addition, she wasn't denying the existence of debts pre-crisis. Governments debts are, for the most part, economically necessary. The problem here is the size of the deficit, not that a deficit exists in itself.

[jasonmclose]

@linkinwayne sharp (around 6:24): "the target should be socialism...it should be gov'ts who spent money they shouldn't have."

penny: "that is nonsense. that is absolute nonsense.....we have massive deficits across the world because of a financial crisis that occurred 3 years ago....it was not overspending. we don't have debt because of the public sector."

she didn't explicitly deny of pre-crisis debt, but she blamed all of the debt problems on the crisis.

[rober1236jua]

@jasonmclose She did not deny the pre-crisis debt, but (especially in the UK) the pre-crisis debt was historically small compared to GDP. Government debt was essentially flat to down as % of GDP in UK from 2000 to 2007 and then the financial crisis came which required massive bailouts and produced huge economic problems, forcing ppl out of working meaning less taxes and more benefits. And this douche talking here had not problem taking the money the gov gave his bank.

[haroldcturner]

@jasonmclose Debt and deficit are two different things. Deficits across the world only became unmanageable due to the financial crisis, which raised governments' spending on things like unemployment programs and bailouts at the same time as it lowered government income from taxes. (It's hard to collect taxes when people aren't making or spending money.) Sharp holds up Spain as an example of irresponsibility, but they actually had a budget surplus going into the crisis. Penny is spot on here.

[jasonmclose]

@haroldcturner in the US, the 'debt crisis' was eventual. it was a matter of 'when', not 'if'. the gov't won't stop spending more than it takes in, and won't stop meddling in business, causing bubbles and busts. the US debt was gonna grow. the crisis just gave it a trillion dollar boost in a year versus it taking 3 years. as far as other countries, i'm don't know enough to have an informed opinion. maybe spain could've saved itself money by letting its banks fail. idk

[TakeshiAndTheKid]

@jasonmclose "Meddling in business", idiot Libertarian talk. Might want to see how the Nordic countries, which are closer to socialism than the rest of europe, are doing relative to those that had a poorer imitation of it.

[tripleleo]

Just read up on this woman. Well, not a fan of her crazy ass radical feminist lesbian political idiocy, BUT I agree with a good deal of what she is saying here. And how sad is that if my choice is between her type and that weasley Bastard? I guess crazy can be right (or rather correct lol) on occassion.

[tripleleo]

that sneaky snake bastard. Love how he talks about Greece, leaving out GS's very prominent role in the Greece Debacle. If these guys lips are moving, they are telling lies. And why not? The only thing bridging them and more scam funds is the ignorance of the so called little people. And of course the influence they buy.

[globalbankfraud]

Goldman Sachs is the enemy - Osborne and Cameron are traitors.

The bare faced audacity of these banksters to come out in the open acting innocent & spreading disinfo in the midst of the biggest financial heist & global take over in history! Soros was doing the same a few days ago. Read this article in the Independent W W W . J . MP/VSQUID (remove spaces).  Unelected bankers directly replacing Greek & Italian Prime ministers! If this isn't banker takeover I don't know what is.

[rsolgtp]

this man just shows you exactly the attitude the occupy movement is fighting. He worked for sachs during this. HE is one of those that oversaw this swindle.

The burglar blaming the victim for not locking the door properly. Except the burglar was the guy who sold you the lock in the first place. we need a few heads on spikes.

[tripleleo]

@rsolgtp nice twist on that " The burglar was the guy who sold you the lock in the first place" lol, well said

[rsolgtp]

@tripleleo problem is when you report the crime its the same guy turning up in a policeman's uniform telling you " you should have got a better locksmith....i know a guy...."

[jsp1983]

Is Laurie Penny's studio being filled with helium as the interview goes on?

[Textynn]

Fucking Goldman Sachs is running the government . Surprised, we are in debt to the same money-changes. IT is the language of the bankers to act like people don't understand and that they are innocent. Same thing they do in the Confessions of an Economic Hit Man. Good for this woman not being intimidated by this same age old game that brought us here. watch?v=n7Fzm1hEiDQ

[gshooting]

What a horrible debate. Anti-market biased moderator allows more time for squeaking socialist to spread her message of collectivism and then when she is called out for what she is (a socialist), she denies it.

While the ex-GS man is right, that this is government debt, he doesn't condemn the bailing out of financial institutions.

Fact of the matter is: OWS is a joke, they're not protesting the real problem - over-bloated government and instead want more government in people's lives.

[frantorazzo]

This guy has some fucking front!! Even if the last labour Gv't were partly to blame for our financial mess, they had nothing to do with socialism.

Unbelievable, blatant revisionism from the former Goldman Sachs guy here.

[KaneAlmsivi]

How can a former partner of Goldman Sachs deny that fractional Reserve banking wasn't responsible for the entire financial crisis? As Penny said - the banks essentially lent out FORTY TIMES the amount of money than they actually had - using OUR deposits as security - and when their system came tumbling down - our governments gave them MORE of our fucking money to prop the system back up with! Bankers Bonuses are a smokescreen - Fractional Reserve Banking is the real Scandal here.

[gshooting]

@KaneAlmsivi That's because it wasn't responsible for the entire financial crisis. The housing bubble was the start of the financial crisis and that was caused by the government guaranteeing mortgages to people who could not afford them. The Fed set artificially low interest rates, so the big banks could borrow cheap credit and go wild in the casinos.

[KaneAlmsivi]

@gshooting I have to take serious issue with that. The reason cheap credit was available to fuel a housing bubble in the first instance was because of FRB. If FRB didn't exist, the banks would have had no mechanism to continuously offer cheap credit on the backs of it's customers deposits. The banks lent money they didn't actually have to people who couldn't afford the repayments in pursuit of interest payments - plain and simple. It's FRAUD any way you look at it.

[gshooting]

@KaneAlmsivi But it wasn't the banks that lent bad loans to people, it was the government-backed agencies Freddie Mac and Fannie Mae who did that. They were less interested in risk and since they had all loan guaranteed by the government, they were less interested in risk management and more interested in acting like a charity, giving houses to people who could not afford them. It was the FED who allowed the mega-banks to borrow easily. Also I think they set the deposit reserves percentage.

[KaneAlmsivi]

@gshooting Your argument would be sound were it true that the UK and European Governments also underwrote loans to people - but they didn't. Your theory that the US govt-backed agencies were responsible for the financial crisis / credit crunch only works if the model fits all the nations that were affected - which it doesn't. FRB is the common denominator here - look at countries who don't use FRB in banking - such as in Qatar, Abu Dhabi & Saudi Arabia - they were utterly unaffected.

[gshooting]

@KaneAlmsivi OK yes, I agree FRB is a problem and it causes this whole "contagian" effec, but I never said that it wasn't a problem, I just said that it didn't start the financial crisis. The housing bubble in America did.

[globalbankfraud]

@KaneAlmsivi It's not even a 'fractional reserve' system any more. Might have been after Basel 2 but now it's just a set figure as reserve and that doesn't even have to be savers' deposits and credit card companies issue debt currency without any savers deposits behind them, one of the reasons you can dispute their claim over you to repay them. Have a look at this organisation set up to teach our government how to create a 'debt free' money system:

W W W . PositiveMoney . ORG . UK

[rsolgtp]

@gshooting actually that is almost true but you missed the derivatives bubble. they needed a major debt vehicle to push derivatives. remember these guys are lobbying this same government. you think these companies didn't like the ability to lend out irresponsibly then stick someone else with the risk? hedge funds and governments took the hit. they just did what would make more money. derivatives turned debt and risk on its head.

[chickenbonewatt]

I am very impressed with Penny, and super glad to have picked up on following her on Twitter. She's been a wonderful insight and link into the action as it happens. She is one of my new inspirations in this. Get 'em Penny!!

[netminnow]

Penny is right that we the massess will not tolerate the Empire's attempts to take away our human dignity. With each new outrage of "austerity", sacrifices the 99% are expected to bear, it is clarifying the eventual outcome. With each new rollout of cutbacks, more and more of us are asking, "where are they hiding the ovens?" We learned not to let ourselves get packed into Ghettos, then b told we'll have to move out without holding the overlords accountable. 1 thng Isrl has right: Never again.

[netminnow]

Bankers=politicians because the politicians are bought off. If Empire were a diamond then bankers and politicians are but 2 facets. Corporate and most career government/univerisity scientists are another facet. The reason MSM and others of the Empire's system are demanding we produce leader(s) is the hope those persons could be bought off as well, once they were identifiable.

[keewaTV]

I forgot how Ed Miliband caused the debt. Thanks for reminding me Mr Wanker Banker.

[wildebees]

Penny Red is rather hot, if I may so. Agree with her politics too, even if she's a bit stuck is old fashioned jargon.

[SuperHollywood38]

the bbc is full of shit like the politicians and bankers all feathering there own nests , money should'nt be lent for profit, the earth is everyones thou they'd like to make us think it's their's and that we should be grateful for sub standard housing minuim wage jobs if we can get one, whilst they swan around doing arms deals all over the world for profit stop funding the wars and stealing other countries/peoples resources release free energy JP MORGAN STOPPED TESLA FREE ENERGY CIA CORRUPTION

[Ignitionnet]

They need to be targeting the privatisation of profits and socialising of losses, specific corporatism, nothing else. If they stick to that aim progress can be made.

[landofthefreeuk]

He is a scumbag but this is the BBC, its for idiots. Goldman Sachs are criminals, , some people are slow on the uptake. But the BBC is for people who dont want news.

[AnnoyedDragon]

A debt pusher criticising others for getting hooked onto his money heroine...

[aerozeppelin2]

I don't know why but i find laurie penny strangely attractive

[boing615]

Typical scumbag banker, they destroy the worlds economy then blame it all on someone else.

These people are a cancer on our society.

[InsaneSeer]

Richard Sharp is full of shite methinks...

[Sres1]

It's the politicians that caused this, regardless of what the bankers did the politicians bailed out the banks, when they should have let them fall.

[bringbackmydemocracy]

@Sres1 I totally agree, the banks are private companies which should have been left to fail, that way, out of the ashes would have come a better system which would have been accountable for it's mistakes and would have been competitive, what actually happened because of the bailouts, was that within a year, the bankers were again given massive bonus's even though they were obvilously incompetant. The bailout was a temporary measure to buy time, it didn't work and will never work.

[emilywools]

@Sres1 thats because the politicians ARE the bankers.

[jasonmclose]

@emilywools no. the bankers pay the politicians, but so do a lot of non-bankers (there are a lot of lobbyists). it makes absolutely no sense to protest banks, so that they will in turn ask the gov't to change something. just go directly to the gov't and ask these things directly.

i don't think that having outrage is wrong. but lets put blame where blame is due.

[haroldcturner]

@jasonmclose Every industry has lobbyists, and that's generally a bad thing. Only one industry has the entire world economy by the balls, though. Doesn't it make sense for them to get a little additional scrutiny and criticism? Also, politicians *are* paying attention to OWS. They are now more willing to criticize banks and less willing to defend them. Your concern is misplaced.

[jasonmclose]

@haroldcturner i absolutely agree they should get criticism; never said they shouldn't. i'm just saying that banks are getting free money, and they're never, ever gonna turn off that tap. i don't think politicians are paying much attention to it; i bet they love it. banks are used to playing the role of the villian; it doesn't phase them. OWS is taking all of the pressure off of the people who passed the legislation, and it is putting it on those who received the benefits.

[minkwilliesez]

@Sres1 But the politicians do what they do because they're owned by the banks. And by other super-rich fraudsters.

[Sres1]

OWS are for change, it's not broad love, it vague.

What do we want?

Change?

When do we want it?

Now

What type of change?

We don't know

Are we wasting our time?

Yes

[NuttyCookie333]

Bravo Laurie!!! Got your point across and highlighted the fact that the banks took the money and ran!!!

[Sres1]

I don't have time for sachs and I don't have time for laurie penny. Quite fankly I can't find anything appealing about this video.

35% of American's approve, but doesn't that mean 65% disapprove? Is this her negative profit moment?

It's much like teachers bragging about 60% of students in schools getting a grade A to C, that still means that 40% of school leavers are failing to reach the basic to get a job...

[Girthon1]

Laurie Perry was just smokin'.

Richard Sharp? 'No flies on me. Now shut up and take it!'

[yendytok]

Watch this vid - BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World" - here on youtube .

Goldman sachs are S C U M .

[Sres1]

@yendytok He was a fraud, keep up

[yendytok]

@Sres1 - Please explain

[gshooting]

@BloodguardGorak Democracy : Tyranny of the majority OVER the minority.

[Solario392]

@gshooting That's a ochlocracy. The term democracy generally implies that all citizens have some irrefutable rights that cannot be violated. Even if the majority of people want to limit or abolish said rights.

I'm not saying that democracies can't have elements of majority tyranny, but it's not strictly true.

[2010butchd]

now we got a face to the scum ruining us all

[Ckererec]

If this man isnt the definition of elite i dont know what is...

"Look at the proles, how they revolt, they dont do it right, you know you got to spend millions of rebellions to do it right, look we are doing it perfectly in syria and libya"

[aerozeppelin2]

@tommi4500

Got to be honest, never been one for these conspiracies but fuck me you can't help thinking at times... Goldman anyone

[MetaReaLizard]

@ljlondon Pretty sure there were two arguments there... Then that's the problem with extremists; they assume everyone with a brain thinks like they do. If the right wing think the masses are simply going to bow their heads, go back back to living in property and busting their holes in factories for buttons, then they are living in a dream world. The "left" aren't asking to keep what they have, they are telling you they demand a bigger slice of the pie.