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Federal Reserve chimes in on Wall Street


Magox

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If this hearing was about whether Wall Street is populated by do gooders, then it would be a very brief one. A very weak case that hinges only on one thing - GS' name will be dragged through the mud until they settle. If they don't, SEC will look very foolish.

 

Looks like the senator's are being dragged through the mud a little more than GS.

 

http://www.nypost.com/p/news/national/sach...7ec6l8ASfk0Jn4J

 

My favorite quotes:

 

"Very distasteful treatment. It was like a partisan pep rally," said one angry hedge-fund trader. "Traders want to know: What did GS actually do wrong, or was this a gross abuse of power?"

 

It was like "teachers scolding their students," groused another moneyman

 

An equity analyst for a major mutual-fund company complained, "Carl Levin doesn't even understand what a market is."

 

:thumbsup:

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Yes my crew :rolleyes: maybe not the most positive of images...but all good guys...300 pound mohawk in the hood wearing irish working class heroes...big bald non arab muslim "power to the people" activists...clean cut shady smile hispanic politicians...packing thier legit AR-15s to :0)...we are the ones that are going to push these high class wannabe elite politicians and bankers out of our city...take it over legally...we may look like barbarians...we may talk like barbarians...but we understand how to legally retake and then rebuild our city...and everyone else can walk it out...it's like the rebirth of machine politics but with a reformer platform...it's a hybrid system that will work for the working class...tired of gettin bent over by bankers and politicians...time to become the bankers and politicians and show a little class by not screwing ourselves over...by rebuilding the city...by making the best of what we got here in our city...and doing our best to blackball the financial system...force slumlords out and give the property to the working class so we can learn to take care of our own crap...that's the plan anyway

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Yes my crew :rolleyes: maybe not the most positive of images...but all good guys...300 pound mohawk in the hood wearing irish working class heroes...big bald non arab muslim "power to the people" activists...clean cut shady smile hispanic politicians...packing thier legit AR-15s to :0)...we are the ones that are going to push these high class wannabe elite politicians and bankers out of our city...take it over legally...we may look like barbarians...we may talk like barbarians...but we understand how to legally retake and then rebuild our city...and everyone else can walk it out...it's like the rebirth of machine politics but with a reformer platform...it's a hybrid system that will work for the working class...tired of gettin bent over by bankers and politicians...time to become the bankers and politicians and show a little class by not screwing ourselves over...by rebuilding the city...by making the best of what we got here in our city...and doing our best to blackball the financial system...force slumlords out and give the property to the working class so we can learn to take care of our own crap...that's the plan anyway

 

Again, it was the politicians who paved the way for the crisis. Wall Street is a convenient foil for giving your crew the rope to hang on. You're doing no different, except you're cutting the banks out. Well, ok. Given your and your crew's history is buying, rehabilitating and reselling 80-100 houses to less than credit worthy customers is a winning formula for sure.

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Again, it was the politicians who paved the way for the crisis. Wall Street is a convenient foil for giving your crew the rope to hang on. You're doing no different, except you're cutting the banks out. Well, ok. Given your and your crew's history is buying, rehabilitating and reselling 80-100 houses to less than credit worthy customers is a winning formula for sure.

 

Yeah, and Wall St.........now THAT'S hell of a track record...and they are not giving me and my crew a dime...I would NEVER bring these ideas to THOSE kind of investors...you are correct...me and my boys aren't mortgage brokers and we aren't investment bankers....we have too much common sense and dignity to do them kinds of jobs...

 

See, Wall St wouldn't care about the good getting done...would they?...they invest based on profit margins...mine will be as close to zero as I can pull off...not very attractive...they wouldn't want to invest in shady broken down hoods....I mean my city is full of people racially addicted to crime and poverty...credit rating shows that....those types of investors don't want anyyyyyyyyy piece of what I'm doing...and that is FINE by me...I got my backing...and it's coming from where it should...the people who live there and will benefit frrom the program personally...

 

Yup, cutting the Banks out...black balling the slumlords...cutting out the excess garbage...while you think it's the actual people on the bottom that is the garbage, I think it's THOSE types of politicians and THOSE types of investors...Wall St. is a joke...and WHEN my program goes into affect, then I will meet with some other officials...and "take my show on the road" not personally but through examples set and myths debunked...well that's the plan anyway...maybe you, who has never worked side by side with or socialized with we ignorant folk, are right in judging us...maybe I am wrong...blinded by crazy things like morals and ideals....but I can always go back to scripture like you guys use to support your ridiculous right wing stances....The meek shall inherit the earth....that's kinda cool....or no weapon formed against me shall prosper, any voice that raises against me thou shalt condemn, this is the heritage of the service of the Lord....I like that one :0)...sounds all soldier like...my plan will work for no other reason that I have allllllll the room necessary to screw up...since I am not in it to make lots of money...allllllll the monthly payments collected...whether some late or some not at all....will more than cover my overhead...so...really...if I break even...which considering I am paying cash upfront for property it is nearly impossible for me not to at least break even...I'll be happy getting my people in and the slumlords out.....oooooh dawgie....

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Yeah, and Wall St.........now THAT'S hell of a track record...

 

Yeah...imagine where America could be if there was never any Wall Street....no bankers...no stock market....nothing but good, solid unions and government.

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Then there's this...

 

http://gawker.com/5527539/this-anonymous-e...-the-revolution

 

What say you? I say its fake. But this has been going around today.

 

We are Wall Street. It's our job to make money. Whether it's a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it were profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I've never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.

 

Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.

 

Go ahead and continue to take us down, but you're only going to hurt yourselves. What's going to happen when we can't find jobs on the Street anymore? Guess what: We're going to take yours. We get up at 5am & work till 10pm or later. We're used to not getting up to pee when we have a position. We don't take an hour or more for a lunch break. We don't demand a union. We don't retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we'll eat that.

 

For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We're going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I'll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.

 

So now that we're going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we're going to stop buying the new 80k car, we aren't going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We're going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.

 

The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it's really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.

 

We aren't dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?

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Yeah...imagine where America could be if there was never any Wall Street....no bankers...no stock market....nothing but good, solid unions and government.

 

All this trial ever did was present a solid buying opportunity for non GS shareholders.

 

Up 5-6$ in the last few days.

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Yeah...imagine where America could be if there was never any Wall Street....no bankers...no stock market....nothing but good, solid unions and government.

 

Imagine....a free market that actually REPRESENTS what we make??? i know...such a scary thought....imagine investing money into businesses without interest, but actually based on real production numbers...no inflating for stock rip offs...wowzers...how terrible would that be?....ugh...imagine our tax dollars going to education instead of going to corporate bailouts handouts and buyoffs....ewwww I dread the thought...imagine....

 

And why I am so pro union all of a sudden?...because I used a union website to prove a point?....I'm just not anti union...some are good and honest and some are useless lazy jagoffs oblivious to the bottom line of business and ruin companies...so, no I wouldn't envision a country run by a union (communism) heheheh...I don't condone mandated socialism either...to me there is a difference in taking someone's money, through policy to give it to the poor or whatever...and people actually giving it to them out of compassion....I'll admit I'm a bleeding heart kinda guy...but in no way do I think policies should reflect that...ruins the fuzzy feeling you get from doing something wonderful for someone...

 

I am more libertarian than commie...more anarchist than socialist...my CDC pipedream is very socialist in design...but I dont want to tell others how to run the business that has nothing to do with my ideals...I'm all about freedom...I'm against regulation...the only reform should take place in the individual...

 

I agree with many of the foreclosures are because people bit off more than they could chew...so ultimately you can't point the finger at anyone but yourself....were the bankers shady? of course...anyone that watches someone hang themselves and benefits from that is guilty, but not responsible...at least the way I view things...now I hope these bankers are regulated to death, but not because I think it's the right thing to do or that they would even work the way the government thinks...just because they deserve any horrible thing that can be done to them...karma I guess...but not because they are responsible...because they are greedy guilty losers....

 

Regulation will just send them back to thier labs to create more ridiculous loopholes to steal money from the less savvy...and THAT is all Wall St. is nowadays...it's corrupt and dirty...and the more dirty you are, the bigger the rewards....that is a huge friggen sign that the financial system is designed poorly and why things will continue to break down in our society...but that's just one ignorant idealistic opinion...

 

Well not just one...there are a few...like way out there no thinkers like Aristotle, Socrates, and Gandhi, oh and the wacko carpenter...riiiiight...those guys had no kind of wisdom...they sure as hell have nothing on guys like Magox or you KD...your divine wisdom poureth over us like a waterfall of power and enlightenment...with sparkling words of prudence like Goldman Sachs have built this country brick by brick...so benevolent as they are...so compassionate and caring for our dear nation...definitely need to take your words over Tolstoy or Franklin...lol

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Imagine....a free market that actually REPRESENTS what we make??? i know...such a scary thought....imagine investing money into businesses without interest, but actually based on real production numbers...no inflating for stock rip offs...wowzers...how terrible would that be?....ugh...imagine our tax dollars going to education instead of going to corporate bailouts handouts and buyoffs....ewwww I dread the thought...imagine....

 

And why I am so pro union all of a sudden?...because I used a union website to prove a point?....I'm just not anti union...some are good and honest and some are useless lazy jagoffs oblivious to the bottom line of business and ruin companies...so, no I wouldn't envision a country run by a union (communism) heheheh...I don't condone mandated socialism either...to me there is a difference in taking someone's money, through policy to give it to the poor or whatever...and people actually giving it to them out of compassion....I'll admit I'm a bleeding heart kinda guy...but in no way do I think policies should reflect that...ruins the fuzzy feeling you get from doing something wonderful for someone...

 

I am more libertarian than commie...more anarchist than socialist...my CDC pipedream is very socialist in design...but I dont want to tell others how to run the business that has nothing to do with my ideals...I'm all about freedom...I'm against regulation...the only reform should take place in the individual...

 

I agree with many of the foreclosures are because people bit off more than they could chew...so ultimately you can't point the finger at anyone but yourself....were the bankers shady? of course...anyone that watches someone hang themselves and benefits from that is guilty, but not responsible...at least the way I view things...now I hope these bankers are regulated to death, but not because I think it's the right thing to do or that they would even work the way the government thinks...just because they deserve any horrible thing that can be done to them...karma I guess...but not because they are responsible...because they are greedy guilty losers....

 

Regulation will just send them back to thier labs to create more ridiculous loopholes to steal money from the less savvy...and THAT is all Wall St. is nowadays...it's corrupt and dirty...and the more dirty you are, the bigger the rewards....that is a huge friggen sign that the financial system is designed poorly and why things will continue to break down in our society...but that's just one ignorant idealistic opinion...

 

Well not just one...there are a few...like way out there no thinkers like Aristotle, Socrates, and Gandhi, oh and the wacko carpenter...riiiiight...those guys had no kind of wisdom...they sure as hell have nothing on guys like Magox or you KD...your divine wisdom poureth over us like a waterfall of power and enlightenment...with sparkling words of prudence like Goldman Sachs have built this country brick by brick...so benevolent as they are...so compassionate and caring for our dear nation...definitely need to take your words over Tolstoy or Franklin...lol

 

This coming from a guy who is going to artificially inflate the value of homes so people can benefit. That's great. But your plan is better than Wall Street because it's going to benefit your people. Yeah, you're a dolt.

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Imagine....a free market that actually REPRESENTS what we make??? i know...such a scary thought....imagine investing money into businesses without interest, but actually based on real production numbers...no inflating for stock rip offs...wowzers...how terrible would that be?....ugh...imagine our tax dollars going to education instead of going to corporate bailouts handouts and buyoffs....ewwww I dread the thought...imagine....

 

Ugh, really spewing the worst kind of populous tripe here, aren't you? Are you just conner's new ID?

 

Spending money on education?? This country spends more on education per student than virtually anywhere in the world -- too bad our schools suck because all that money goes to enrich corrupt unions rather than buying new books or supplies to maintain the art or music department.

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Ugh, really spewing the worst kind of populous tripe here, aren't you? Are you just conner's new ID?

 

Spending money on education?? This country spends more on education per student than virtually anywhere in the world -- too bad our schools suck because all that money goes to enrich corrupt unions rather than buying new books or supplies to maintain the art or music department.

 

That is so not true!

 

Oh, maybe it is.

 

 

Union officials said they would accept nothing short of a raise when they return to the bargaining table as early as next week.
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Ugh, really spewing the worst kind of populous tripe here, aren't you? Are you just conner's new ID?

 

Spending money on education?? This country spends more on education per student than virtually anywhere in the world -- too bad our schools suck because all that money goes to enrich corrupt unions rather than buying new books or supplies to maintain the art or music department.

 

I agree...the teachers unions are a joke...and the money we already spend is not being spent correctly...there should be reform...I'd still rather spend more on that...than paying off bankers that caused the crash to begin with

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This coming from a guy who is going to artificially inflate the value of homes so people can benefit. That's great. But your plan is better than Wall Street because it's going to benefit your people. Yeah, you're a dolt.

 

If by artificial you mean buying them cash, fixing them, and selling them for the price you are taxed on...than yes...I'm artificially doing it...

 

And if by Dolt you mean outstanding leader that will revitalize the blight in my own home town because nobody gives a rats behind about my people...then yes I'm a dolt...

 

And if you took the sarcasm out of the better than Wall St because it's going to benefit my people...you'd be right on...

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