Occupy Wall Street

[Proven]

To continue what I quoted here's a link of Bastid's American sweet hearts that donate to charity .

http://ezinearticles.com/?Bernie-Mad...opy&id=4830073

Bernie Madoff One of the more well known has donated ruffly 19 million to charities (this is on the lower side of donations on the list).


CEO and vice chairman of Enron - were found guilty of ten counts of securities fraud and related charges. They donated 1% of their profits to charities.

To be fair this list isn't to be used as an example that EVERYONE in the top 1% is evil. Just like how saying the top 1% donates more money is evidence that they're saints, even if its a nice diversionary tactic.

[Proven]

Originally Posted by bastid

The federal reserve sets interest rates and banks mark them up - the fed being the biggest influence on rates.

I know who you are blaming, and I am respectfully saying you are wrong. I've posted the events that caused the credit bubble, and you choose to ignore them.

There is nothing you can do to stop greed of a few other than to destroy freedoms enjoyed by everyone else.

Would things be as bad today if the Banks didn't set up Balloon payments, bundled the loans, sold/resold, and lied and tricked other banks into buying them? Not to mention every loan officer BS'ing about ones ability to pay because they want the sale.

It seems your blaming the gov. for handing over the Keys when we're blaming the banks for beating the sh** out of the car.

[angdefeo]

Originally Posted by Proven

Would things be as bad today if the Banks didn't set up Balloon payments, bundled the loans, sold/resold, and lied and tricked other banks into buying them? Not to mention every loan officer BS'ing about ones ability to pay because they want the sale.

It seems your blaming the gov. for handing over the Keys when we're blaming the banks for beating the sh** out of the car.

You forgot to add that Goldman Sachs and a few hedge funds also set up credit default swaps in order to bet against the CDO's that Goldman bundled and sold to other banks. They just didnt hedge to protect themselves but took positions to profit if there were going to be defaults.