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wow you know the funny thing is why do people invest. greed. the top American Corporations, if anyone can see they don't sell anything to the consumer. there is no product. JP Morgan. chase. sterns, what are they selling you? nothing, but paper. oh and by the way that is illegal.
muiere2 3 years ago
These people don't get it. If the government just let bear sterns fall, then it would only be a matter of time before one institution after another collapsed. These huge corporations are all intertwined. If they think forclosed homes are bad, how about rocking the world financially to its core (do you like having a job?). This COULD HAVE BEEN the worst financial event in history. Thank you US government. I don't disagree that the poeple who run these companies are money grubbing bastards.
forthesakeofreason 3 years ago
Apologize for the vagueness of my previous comment, that (watch?v=1vfKzHH5Lsw) was the youtube video ID number for a video containing a good portion of the speech that took place inside the protest... in case anyone's interested...i guess you cant post URLs for other youtube vids within comments. Just add the root youtube URL in front of that ID (watch?v=1vfKzHH5Lsw)
yimbot 3 years ago
go to watch?v=1vfKzHH5Lsw
yimbot 3 years ago
the irony is that Bear Stearns and JP Morgan Chase will have no qualms about foreclosing on the very same taxpayers who were unconstitutionally forced to bail them out.
bohemianowl 3 years ago 2
Guys, I agree that Governments should not favor big corporations over common people, but these people should NOT have been there.
A bail out was the only option since Bear Stearns is counter party to $10 trillion in credit default swaps!! If Bear was to fail, the implications are inconceivable.
kalikidd05 3 years ago
Wow. I'm sorry but I have to be a bit of a jerk in my response to you.
Do you have any idea how many Americans have been f**ked over by these Wall Street bastards? Do you have any idea how many people will lose their homes, their jobs, their families? Do you have any idea how many divorces, foreclosures, broken homes, and suicides will come from this? Pull your nose out of the ass of your corporate masters and come join the rest of humanity.
People come FIRST. Corporations come LAST.
nowallstreetbailout 3 years ago 3
Again I apologize for the harshness of my response. But this sympathy for corporations bullshit has got to stop. They are the bad guys. OK? They are the ones who caused this problem. And they are the ones who should suffer. Besides, that's capitalism. Bailing out investment banks is socialism for the rich. Unless you want to paint a Hammer & Sickle on the Stars & Stripes (as Rick Santelli on CNBC so astutely put it) then companies who take risks and fail can & should be allowed to go under.
nowallstreetbailout 3 years ago
That's terrible..
Makin' pretty good cash.. nice house.. nice family. Lose your 100,000k year job.. Well, there goes the house, and the car and possesions.. now you're living at grandmas with your 3 kids...
It's so sad.
I pray for the lower income Canadian/American families..
There is TOO GOODDAMN MANY PROBLEM AT HOME to be spending money elsewhere in the world.
If we are #1, let's keep it that way.
jordanxxx 3 years ago 2
Don't get a mortgage you can't afford... pretty simple.
MasterNemesis102 3 years ago
You are TOTALLY missing the point. That's not what these people are protesting. They are protesting the backstopping of BSC with taxpayer money. They are protesting a socialist, command state economy. Read the signs.
nowallstreetbailout 3 years ago 2
not that simple when you lose your job because of the poor economy.
utubeuser1971aok 3 years ago
Why is a bank more important than the people?
If it will stop a Domino Effect to bail out Bear Stearns then why is it good for the goose and not good for the gander.
The people are loosing their homes and Bush will not do a damn thing for the people. This administration is making our country turn into a third world nation.
OneoftheImmortals 3 years ago 5
Are you really Micheal Moore?
TheSandreGuy 3 years ago
haha yes.. It is
jordanxxx 3 years ago
No, it's really Yetta Feinstein. ;-{)
OneoftheImmortals 3 years ago