OWS Protests AFP Defending the American Dream Summit in DC (11-04-11)

[kingjust627]

While intrigueing... everything was lost when the other snazzy guy rattled off obama, and all democrats as being at fault. Then the other guy walking away states government, which is comprised of both. HUH, WTF, a bit of a contradiction between 2 of the same suits. Another one is spewing off socialism. Oh lord, next thing you know Hitler was an atheist. I still can't get over the blaming obama, and dismissing all conservatives. No, you all aren't partisan much...

[MrFoxrocks]

that guy is such a dick munch!

[MrFoxrocks]

"you know, we got our black candidate" haha token black guy makes you non-racists

[Januquarius]

The DC reporter chick is hot!!!

[Black6dog]

Please children, quite down, we're trying to quell the mess you've made.

[zivjax]

Stupid ass overgrown children.

[MrAndiconda]

god these pompus guys cocky lilttle mamas boys, lol silly conservative blobs

[SuperMglass]

Josh, if you ask stupid questions with no other purpose than putting down a movement, you will get stupid behavior back. At least the kids have a sense of humor. What part of Civil Disobedience did you fail to read? One of our greatest thinkers...

[Ilanactingreel]

@SuperMglass

actually if you have a protest and can't even explain why you are their other than to "protest" than I think you're the idiot.

[cjhowe]

The CRA did not require the banks to make risky loans or set themselves up to take a loss. No, in fact they were still required to make loans in a safe and SOUND manner. Thus they still had the fiduciary responsibility.

Was it heroin? Yes. No one made them shoot up.

[joshmesker]

@cjhowe Under normal market conditions, companies do not engage in risky behavior that clearly has a higher chance of a negative outcome than a positive one. CRA is just one regulatory tool of many that resulted in unintended consequences. Truth is, the financial sector is the most regulated industry in our economy, so it's not "more regulation" that's going to fix the problem. Read the policy paper from the Foundation for Economic Education. It tells the truth on the subject.

[cjhowe]

@joshmesker Again the government is at fault. However the banks failed in their fiduciary responsibility. This is a violation of common law, therefore they are a legitimate target of protest.

[kingjust627]

@joshmesker Josh, logically speaking, one can make all of the regulations in the world... but if no one enforces them (insiders, lobbiests, etc. the power of the DOLLAR), what regulations are there really? So to state something being over regulated is an opinionated farce. Regulations, enforced, would have never allowed this mess... and financial industries wouldn't have gotten a bailout. There is more going on behind the scenes... admitting is not easy.

[recalcitrist1]

For the time being, it seems like anything's better than these bat-shit crazy lunatics.

[boardes4]

i understand the frustations...but you're going about this the wrong way. in most reasonable people's eyes, you look like a bunch of idiots. if you don't like the system, protest the white house and congress with your votes!

[cjhowe]

Josh, the part you fail to appreciate is that the banks have failed in their fiduciary responsibilities. Fiduciary responsibility is a facet of common law. It is a problem with government, yes. But it is a problem that these specific corporations have bought our congress and dismantled the regulation that common law provides for. Their failure in fiduciary responsibility is fraud and worthy of protest.

[joshmesker]

@cjhowe Please read "The House That Uncle Sam Built" by the Foundation for Economic Education.

[Januquarius]

@joshmesker I wonder political ideology the author of this book supports?

If I could trust an independent source to speak of the issues at hand I would be so much more educated.

Obviously each person has their "political" opinions as to why we are in the mess we are win but let's face it. The blame is not just politicians or just big corporations it is spread between the two. Most republicans are not republicans in the truest sense of the word. They are republicans in name only.