"Godfather" of Wall Street just endorsed Bernie Sanders-the real Gordon Gecko

[The True Adonis]

http://usuncut.com/politics/gordon-gekko-sanders/

Bernie Sanders Just Won Support from the Most Unlikely Person
Dylan Hock | March 10, 2016

Bernie Sanders is receiving some unlikely support as of Wednesday.Asher Edelman, the inspiration for Gordon Gekko in Oliver Stone’s “Wall Street,” was asked on CNBC’s “Fast Money” who would be his choice for the next President of the United States. He quickly responded, “Bernie Sanders… No question.”

When pressed for further explanation, he began setting up his answer by saying, “I think it’s quite simple again. If you look at something called ‘velocity of money… That means how much gets spent and turns around…” and then continued:

    “When you have the top one percent getting money, they spend five-ten percent of what they earn. When you have the lower end of the economy getting money, they spend a hundred, or a hundred and ten percent of what they earn. As you’ve had a transfer of wealth to the top, and a transfer of income to the top, you have a shrinking consumer base, basically, and you have a shrinking velocity of money.”

He added:

   “Bernie is the only person out there who I think is talking at all about both fiscal stimulation and banking rules that will get the banks to begin to generate lending again as opposed to speculation.”

Edelman concluded by saying, “So from an economic point of view, it’s straight-forward.”

Edelman bought and sold distressed companies for 30 years and made a name for himself working in high end investing, becoming famous enough to inspire the character of Gordon Gekko. He is considered one of the “Godfathers of Wall Street” and to him, it’s “straight-forward economics” — Bernie Sanders is the candidate America needs to get itself on a solid financial track

Furthermore, Sanders will not put us back on the crooked track the U.S. has been bumping along on for far too many years, but an entirely new one capable of helping every American aspire to something greater, regardless of class.

[The True Adonis]

[MANGOOS]

If jews start to cheer for someone then its a bad sign.

[Marty Champions]

banks cant get motivated to lend

only superior individuals with a track record get a loan anytime they want


who wants to lend to whiners

we have alot of wimpy whiney people ,there is a subtle joy in making them whine more

[bigkid]

No one person was the inspiration for Gordon Gekko.  If anyone was, it was Michael Milken.  Really rich guys love to make their money in the current system then say how wrong it is.

[drkaje]

I'm bad with math. Can someone's please explain how 5-10% of a 1 Percenter's income isn't more than 110% of a bottom 1 Percenter.

To a casual observer: This smells like the same kind bullshit the one billionaire pulled when claiming his secretary paid more taxes than him.

[Coffeed]

I'm bad with math. Can someone's please explain how 5-10% of a 1 Percenter's income isn't more than 110% of a bottom 1 Percenter.

To a casual observer: This smells like the same kind bullshit the one billionaire pulled when claiming his secretary paid more taxes than him.

It's all in the accounting and overseas banking.

[drkaje]

It's all in the accounting and overseas banking.

Ahhhh!

[liberalismo]

I'm bad with math. Can someone's please explain how 5-10% of a 1 Percenter's income isn't more than 110% of a bottom 1 Percenter.

To a casual observer: This smells like the same kind bullshit the one billionaire pulled when claiming his secretary paid more taxes than him.

10% of a top 1%ers income qould be.more than 100% of the bottom 90%s income. That's the point. The 90% aren't spending enough money because they do not have the money so we see not only wealth pooling at the top but also we see 90% fighting over an ever decreasing slice of pie.

[BBSSchlemiel]

No one person was the inspiration for Gordon Gekko.  If anyone was, it was Michael Milken.  Really rich guys love to make their money in the current system then say how wrong it is.

Yes, and the "greed is good" speech was influenced by Ivan Bosky.

[drkaje]

10% of a top 1%ers income qould be.more than 100% of the bottom 90%s income. That's the point. The 90% aren't spending enough money because they do not have the money so we see not only wealth pooling at the top but also we see 90% fighting over an ever decreasing slice of pie.

So need = entitlement?

[Walter Sobchak]

The argument is flawed.

The 100-110% that the lower earners spend has to be supplemented by 50% from other taxpayers. So regardless of the "velocity" at which lower earners spend, you still need the middle class to pay the low earner's way at the same speed.

A rich Jew wanting banks to loan to the lazy and poor of society so he can see the loan money end up back in his pocket, the leaches end up with the debt, and the government uses taxpayer monies to bail the banks out, so the rich Jew gets paid twice.

[drkaje]

The argument is flawed.

The 100-110% that the lower earners spend has to be supplemented by 50% from other taxpayers. So regardless of the "velocity" at which lower earners spend, you still need the middle class to pay the low earner's way at the same speed.

A rich Jew wanting banks to loan to the lazy and poor of society so he can see the loan money end up back in his pocket, the leaches end up with the debt, and the government uses taxpayer monies to bail the banks out, so the rich Jew gets paid twice.

Killing the middle class is their goal.

[SOMEPARTS]

Stop that huge red letter nonsense.

[_aj_]

Wall Street hates savers and Bernie's lunatic Weimar economic brain farts will make sure that savers are punished completely. Of course, this fat blood-filled tick would support him, Bernie will make him richer.