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"On Wall Street, you take every nickel and dime you can get your hands on. You take without shame"

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 08:17 PM
Original message
"On Wall Street, you take every nickel and dime you can get your hands on. You take without shame"
What if occupiers aped Wall Street?
By Brett Arends, MarketWatch
December 2, 2011

On Wall Street, you take every nickel and dime you can get your hands on. If it's not nailed down, it's yours. You take without conscience or shame. If you see a blind man selling pencils on the street, steal the pencils. Steal his pennies. Steal his dog. On Wall Street, you gamble. You gamble big. But you gamble with other people's money.

After all, it's not stealing if you get away with it. And because you -- or your cronies -- write the laws, you get away with everything.

You think I'm exaggerating. But reflect that the top 10 people at Bear Stearns and Lehman Brothers walked away with nearly $1 billion before those banks collapsed. A billion dollars. That money went to yachts and mansions and mink coats. The people who ran subprime firms like Countrywide Financial walked away with fortunes. Ditto all those mortgage brokers who got paid to sucker people into dangerous loans.

Do you think they're giving back a nickel or a dime? Do you think they are staying awake at nights? Lehman Brothers creditors lost their shirts. Little old ladies who had been sold Lehman Brothers "principal protection notes" as "safe" investments for their life savings lost everything. They're eating cat food, while the former honchos eat foie gras. Do you think those honchos could care less? And do you think they look at this economy as a "recession"?

Read the full article at:

http://money.msn.com/how-to-invest/what-if-occupiers-aped-wall-street-marketwatch.aspx?page=0
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Raine Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 10:00 PM
Response to Original message
1. TOTALLY on point ... THANKS for the link! nt
:thumbsup:
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Electric Monk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 10:06 PM
Response to Reply #1
2. +1 K&R
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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 11:57 PM
Response to Original message
3. occupy nt
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 11:59 PM
Response to Original message
4. +100000000
And it works pretty well for our political class, too.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 12:01 AM
Response to Original message
5. Sums things up nicely.
Gangsters. And we live in Gangster Times.

Thank you for the heads-up, Better Believe It.

It's gratifying to see Corporate McPravda allowing a little light to shine through.


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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 12:34 AM
Response to Original message
6. Neither Congress nor the DOJ has even bothered to read the 2100pg bankruptcy court report
If either of them did, NO reaction has been shown.

The banksters own the whole fucking government.

Here's the report in its entirety:
http://lehmanreport.jenner.com/
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raouldukelives Donating Member (945 posts) Send PM | Profile | Ignore Mon Dec-05-11 01:55 AM
Response to Original message
7. K&R
Seems these days your money speaks louder than your vote. Every dollar given to Wall St. is a vote against OWS and a plea for more of the same.
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AntiFascist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 02:20 AM
Response to Original message
8. The smart thing to do is....

get out of debt, stay out of debt, don't become a debt slave, and don't even use your credit cards. This is probably what would terrorize the banks the most.
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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 01:03 PM
Response to Original message
9. kick for the day shift
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