An intense moment of TRUTH with MAINSTREAM media

[blacken700]

[Hugo Chavez]

seriously one of the greatest moments in media in the last 20 years.

[tonymctones]

makes sense I dont agree with his assesment of the banking system but I see why he feels that way.

the morons protesting on wall street should watch this and take it to heart and then start a occupy washington protest. I would get on board with that and they wouldnt even have to stop using their iphones and drinking their starbucks.

[Mr. Magoo]

makes sense I dont agree with his assesment of the banking system but I see why he feels that way.

the morons protesting on wall street should watch this and take it to heart and then start a occupy washington protest. I would get on board with that and they wouldnt even have to stop using their iphones and drinking their starbucks.

2) "They should be in Washington, not Wall Street." Never fear, OccupyKStreet is here. More seriously, this criticism misses the entire point of the protest. Wall Street and Washington have fused. Both politicians and the Fed gave enormous subsidies to large Wall Street firms, while asking almost nothing in return. You can read Larry Lessig's Republic, Lost, or Kwak & Johnson's Thirteen Bankers for all the gritty details. For now, let's just say that entities that borrow at close to zero percent, lend at 4.5 to 20+%, and pay top managers billions in salary and bonuses, are not exactly Steve Jobs-level entrepreneurs. Rather, they're part of a corrupt revolving door system that sends a favored group back and forth between government and business. We'd do better simply to pay off this shadow elite directly than to subsidize the trillion dollar schemes that maintain the illusion that our banking system is independent.

This is not a partisan critique. Like the OWS protesters, I have focused on the role of the Democratic party in covertly supporting a system that is openly applauded by establishment GOP figures. As Matt Stoller observes, "Rubinites still dominate Democratic policymaking — Larry Summers, Jason Furman, Treasury Secretary Timothy Geithner, Gene Sperling are all Rubin acolytes. Jack Lew, the current Office of Management and Budget director, is from Citigroup; Peter Orzag, the former OMB director, went to Citigroup. White House chief of staff Bill Daley is a JP Morgan man."

Principled libertarians have also offered Hayekian critiques of the "Government Sachs" nexus. Russ Roberts at the Mercatus Institute has perceptively recognized the close ties between the US state and Wall Street. Amar Bhide has offered a brilliant Hayekian critique of the concentration of power in large financial institutions. From the opposite end of the political spectrum, Michael Hudson pithily observes that “economic planning has passed from government to the financial sector.” Individuals with a wide range of political commitments want to break up megabanks, or engage in more fundamental reform than contemplated in Dodd-Frank. OWS is protesting a form of corporatism that privatizes gains and socializes losses. Anyone who opposes welfare for the poorest should be passionately committed to a program that would cut off the richest from the trough of implicit and explicit subsidy that is at the core of our financial system.

The link to the above is: http://balkin.blogspot.com/2011/10/moral-authority-of-occupy-wall-street.html

The link (as you can see on the above link) to the Occupy K street is http://www.huffingtonpost.com/lawrence-lessig/occupywallst-then-occupyk_b_995547.html

[tonymctones]

it should have always been washington, protesting wall street doesnt do shit. At least in washington the politicians will be worried about their jobs and do what their constituents want. What power do these morons have over the corporations? oh ya thats right NOTHING!!!

^^^
The person above obviously has a very tenous grasp on banking and how the fed rate works within it and what makes it worse is this guy is a professor...gezz louise man...

[Mr. Magoo]

it should have always been washington, protesting wall street doesnt do shit. At least in washington the politicians will be worried about their jobs and do what their constituents want. What power do these morons have over the corporations? oh ya thats right NOTHING!!!

^^^
The person above obviously has a very tenous grasp on banking and how the fed rate works within it and what makes it worse is this guy is a professor...gezz louise man...

Some would argue that protesting at wall street has spawned off 1500 other protests and reaction across america, so to say "it doesnt do shit" is false. They would also disagree that politicians really do what constituents want. They do what campaign contributors want. They aren't trying to please the young or the very old, because these people usually dont contribute nor vote. So the idea that interests are considered equally solely because they are of voting age is false. And this is a large hindrance to what democracy should be.

And I don't know anything about the author except that he is a law professor and I came across that link.

[Hugo Chavez]

makes sense I dont agree with his assesment of the banking system but I see why he feels that way.

the morons protesting on wall street should watch this and take it to heart and then start a occupy washington protest. I would get on board with that and they wouldnt even have to stop using their iphones and drinking their starbucks.

he is one of the protestors protesting on wall street

[Hugo Chavez]

And lol... why protest Washington?  Hello?  That's what's been happening for a long ass time.  Washington is bought and payed for, people are seeing that and going to the source.  Kinda makes sense.  

I'm not going to for a second say I agree with everything they're saying because I don't.  But IMO, they have the right target.  Our elective government stopped listening to the people long ago.  Kinda puts the people paying them off in the bullseye...  Good I say...

[tonymctones]

And lol... why protest Washington?  Hello?  That's what's been happening for a long ass time.  Washington is bought and payed for, people are seeing that and going to the source.  Kinda makes sense. 

I'm not going to for a second say I agree with everything they're saying because I don't.  But IMO, they have the right target.  Our elective government stopped listening to the people long ago.  Kinda puts the people paying them off in the bullseye...  Good I say...

What control do these morons have on the corporations?

they do have consumer control but these moron fucks cant stop texting on their smart phones to see the irony...

they do however have control over the politicians...

Thats where they need to protest and make the difference, "our politicians are bought and sold" ok THEN VOTE THEM OUT!!!!

what is protesting wall street going to do to change the situation? ABSOLUTELY NOTHING!!!!

[240 is Back]

imagine dylan ratigan as president.   incredible.

DR has a better understanding of how shit is than most people. 

I wish he would quit his job and take leadership of the OWS movement.  THEN i could get behind them.

They're crying about corporations but don't have a clue.  DR does.

[Soul Crusher]

imagine dylan ratigan as president.   incredible.

DR has a better understanding of how shit is than most people. 

I wish he would quit his job and take leadership of the OWS movement.  THEN i could get behind them.

They're crying about corporations but don't have a clue.  DR does.

TBH - you are dead right on that.   

I was in the middle of that rabble yesterday.     I walked in the midst and stench of that rag tag collection of dopers, druggies, drop outs, dirtbags, deranged dolts, and misfits, and they desperately need DR to take this thing over if they want to get anything done. 


240 - I literally walked and talked in the ground zero of these hobos, hippies, harlets, and whack jobs yesterday.   i was almost ready to accept a slice of pizza from some chick w flowers in her hair and a tie dyes shirt.   


Actually - other than a few pofs who I would hang off a bridge, most of these people are harmeless and lost souls.   They are not evil or bad people at all, they are just lost souls in this mess of a country we have now. 

I like DR alot and wish he would go down there and lead these people.   

we need reform not revolution.   

 

[Soul Crusher]

When you are using a garbage bag filled with G-D knows what - you know you have a major problem.   

[240 is Back]

you put that many people - against what is obviously a fcked up system... I mean DR is completely right... the bankers are robbing the place.

DR at leadership - with his ability to put things into clear words AND his passion...

Wow, that would be awesome.  Hopefully MSNBC fires him for this rant, and about 3 minutes after being escorted out of 30 rock plaza, his ass walks up to a podium and turns this aimless movement into something great.

[Soul Crusher]

you put that many people - against what is obviously a fcked up system... I mean DR is completely right... the bankers are robbing the place.

DR at leadership - with his ability to put things into clear words AND his passion...

Wow, that would be awesome.  Hopefully MSNBC fires him for this rant, and about 3 minutes after being escorted out of 30 rock plaza, his ass walks up to a podium and turns this aimless movement into something great.

Actually - that is the truth. 



I was talking to a few of these fools yesterday.   not bad people - just morons looking to make a statement.  but that does not mean we need reform.   We do!


But having a hippie slumber party w dope addicts, druggies, and deranged wierdos sleeping in a park is not going to work. 

     

[240 is Back]

the cameras are always going to follow the freakshows.  You don't sell newspapers with a crowd of 100 intelligent americans.  You sell newspapers with some tie-dyed LSD dbag screaming at the top of his lungs.

Same way 99% of the tea partiers were intelligent americans concerned about the out of control spending.  The 1% of asshats who wore rilfes, carried signs with the N-word spelled incorrectly, etc - Those "people" got the headlines.

[Soul Crusher]

the cameras are always going to follow the freakshows.  You don't sell newspapers with a crowd of 100 intelligent americans.  You sell newspapers with some tie-dyed LSD dbag screaming at the top of his lungs.

Same way 99% of the tea partiers were intelligent americans concerned about the out of control spending.  The 1% of asshats who wore rilfes, carried signs with the N-word spelled incorrectly, etc - Those "people" got the headlines.

WTF!   

I was in the middle of that rabble and literally in the middle of that pig pen yesterday.   


I took that pic of the chick in the sleeping bag like a foot away

[whork25]

Love this guy