Occupy Wall Street Anniversary #S15 Truth to Power News

Truth to Power News covers events at Occupy Wall Street September 15th day of action and education. Thousands gather throughout the day to participate in workshops, teachins and assemblies in preparation for the September 17th anniversary of the Occupy movement.

For more coverage of Occupy Wall St. events, including day of news reports, interviews and more, go to http://truthtopowernews.wordpress.com/

• Category

  News & Politics

[Fergrus001]

So, "the student graduates with a mortgage, but no house" (Peter Schiff). Huge student debt, and in the end, the tax payers have to pay for the debt. Because the government insures the loans. Public schools are bad in america because many of them are underfunded, because the government isn't efficient at spending the tax money. So the people are stupid, and get hooked on bad mortgages.

[Fergrus001]

You are totally right. Thats what I mean. Since the Reagan/Thatcher era, the banks could do these predatory loan scemes, because the government insured the mortgages right? With education, the government insured the student loans, so that the banks could do the same thing with student loans. There is lots of cheap credit, and the loans are bad. The schools get all the money, even if the student can't pay, so they make a whole bunch of useless programs that cost a lot, but can't get you hired.

[TheSqueakyWaffle]

The housing crisis was not one of "bad mortgages" as much as is it was stupid people not reading the contracts they signed. OWS knows nothing of the mechanics of sub-prime predatory loan schemes or how they came to be and who allowed it to happen. It goes back as far as Reagan. The subsidies we have now are small potatoes compared to the long term financial crisis we face from people rendered incapable of making honest financial decisions by sheer stupidity, and OWS does nothing to address this.

[Fergrus001]

Who gets a tax subsidy, and who doesn't, who gets a bail out and who doesn't. Well if the government would just let the shitty banks that gamble and take risks fail, then the other banks wouldn't try it again, and again. If the government didn't secure the mortgages and loans, then the banks would have to be more careful, knowing that they will lose money if they give a bad mortgage. But they don't lose money if they give out millions of bad mortgages, so they do, now we have a housing crisis

[Fergrus001]

well, as right as you are Squeeky, these things take time. The real problem is that OWS does,'t seem to realize that Wall St. isn't the root of the problem. It is the government. How it got this way is not as relevent as finding a solution. If the governments had no power to influence the market, then corperations, and banks wouldn't lobby them. No reason to. The only reason that Wall Street can influence the government, is because the government has the POWER to pick winners and losers.

[Kevin Turner]

awesome video

[Guiping He]

Manipulated by the Communist Party of the United States

Manipulated by the Communist Party of the United States

Manipulated by the Communist Party of the United States

[TheSqueakyWaffle]

Ohhhhh. I'm sorry. I didn't realize that the point of uniting in a single place, under a single moniker, espousing opinions on a small range of topics to air out grievances and speaking together in order to process information from multiple perspectives to come to logical conclusions about the issues discussed was NOT to come to conclusions about the issues discussed. Silly me. I thought OWS was an actual protest.

[owsleys89]

That is because it is an organic protest that isn't heavily funded and controlled from the top down like another political movement in recent history... What you are essentially saying is that because this group of disillusioned people with a wide range of ideologies cannot agree upon a simple media-ready doctrine, they should just give up and go home. I don't think you understand the purpose of protest.