Please share this and "thumbs up" so people can see what's happening. Thanks!! This is the march on police plaza, NY police headquarters after the brutal pepper spraying and abuse that happened last Saturday by a number of officers. Sound and video from the Helicopter. Another window was open in the background with livestreams global revolution channel, that's where the sound from the ground came from. This was the only way I could capture the event, I apologize for it being shaky, my screen capturing software wouldn't record sound so I had to use a camera. Anyway at least it's here for those who want to see. Date = 30 September 2011
Why are all these people "occupying" different cities?
Major investment bankers hired lobbyists to change the law on regulations (one was Glass Steagall, which kept commercial and investment banking separate, preventing abuse and conflict of interest.) . After the subprime mortgage crisis, lenders approved too many over inflated loans, which are high risk, the investment banking firms started to abuse derivatives in order to hide the risky investments by consolidating debt together with many other types of loans.
They grouped all the shitty stuff with some good stuff and called it CDO's. Then they proceeded to tell their investors that the CDO's were rated AAA (Lying through their teeth). Ratings of AAA are supposed to be as sound of an investment as government securities, but they were bogus and the firms knew it. At the same time when they lied to their investors about how sound the investments were, they started to bet against the same investments (making money off of the losses of their clients).
It was a conflict of interest. Then when it all started to come apart, the firms who were quoted as "too big to fail" went to the nations government begging for them to give them free money to save the economy, even threatening congress with total economic collapse if they didn't give up the money.
Since the government has been pretty much owned by Wall St. for a long time, the government hand out was granted, and the world bank branch of the US (Federal Reserve) handed them the money and held the citizens of the nation accountable for the debt, not punishing any of the firms or jailing any of the participants.
Then when they got their welfare check, the firms started paying off all the higher ups in the companies with "bonuses" (bribes) in order to shut up and not tell everybody what went on, or incriminate the ones responsible by testifying in court. The people who invested in those AAA CDO's were screwed, and the firms were not held responsible, and they actually profited from it. So that's pretty much what it's about.
Major investment bankers hired lobbyists to change the law on regulations (one was Glass Steagall, which kept commercial and investment banking separate, preventing abuse and conflict of interest.) . After the subprime mortgage crisis, lenders approved too many over inflated loans, which are high risk, the investment banking firms started to abuse derivatives in order to hide the risky investments by consolidating debt together with many other types of loans.
wikavideos 5 months ago 2
They grouped all the shitty stuff with some good stuff and called it CDO’s. Then they proceeded to tell their investors that the CDO’s were rated AAA (Lying through their teeth). Ratings of AAA are supposed to be as sound of an investment as government securities, but they were bogus and the firms knew it. At the same time when they lied to their investors about how sound the investments were, they started to bet against the same investments (making money off of the losses of their clients).
wikavideos 5 months ago 3
It was a conflict of interest. Then when it all started to come apart, the firms who were quoted as “too big to fail” went to the nations government begging for them to give them free money to save the economy, even threatening congress with total economic collapse if they didn’t give up the money.
wikavideos 5 months ago 3
Since the government has been pretty much owned by Wall St. for a long time, the government hand out was granted, and the world bank branch of the US (Federal Reserve) handed them the money and held the citizens of the nation accountable for the debt, not punishing any of the firms or jailing any of the participants.
wikavideos 5 months ago 3
Then when they got their welfare check, the firms started paying off all the higher ups in the companies with “bonuses” (bribes) in order to shut up and not tell everybody what went on, or incriminate the ones responsible by testifying in court. The people who invested in those AAA CDO’s were screwed, and the firms were not held responsible, and they actually profited from it. So that’s pretty much what it’s about.
wikavideos 5 months ago 2