OCCUPY

jacee · October 20, 2011

That's all well and good, but if one cannot meet their commitments to a lender, they will lose the asset (car, home, boat, etc.) Personal sob stories are great for Michael Moore movies, but the banks don't owe you anything special. Cut a deal, sell short, borrow more money, cry on TV, whatever it takes....but if one can't pay in the end then it's over.

My sister just lost a home she had no business owning in the first place, and when her temporary renters found out she wasn't paying the mortgage, they stopped paying the rent!

A bank could carry you through a temporary interruption of earnings with a clear end date, IF they cared about your business, but the big ones don't care. They only care about BIG accounts.

Credit unions care.

Sounds like your sister didn't care.

The subprime disaster struck because the big banks didn't care, because they made more on the hedge fund.

It's quite likely that many mortgages failed because they lost jobs - ie they qualified legitimately but circumstances changed.

BTW ... I was lured by a subprime mortgage too, and my circumstances changed. I tried to negotiate with them but there was NO flexibility whatsoever. It was weird ... and I believe there's a lot more to the subprime scandal than we're being told.Why were they all foreclosed so fast with absolutely no flexibility ? It's very suspicious.

However, my strategies kept them away for MONTHS, until I was in a position to renegotiate somewhere else.

jacee · October 20, 2011

What's the profound message..."We hate rich people"?

Naw ... just you BC, because you make such snarky rude comments here, where you are a guest from another country.

bush_cheney2004 · October 20, 2011

Naw ... just you BC, because you make such snarky rude comments here, where you are a guest from another country.

No I'm not...this web site is hosted in the United States of America. You are a "guest" in my country!

Argus · October 20, 2011

They just need a goal! Something to rally people from all races!

occupy

Edited October 20, 2011 by Argus

jacee · October 20, 2011

With good reason too.

Good find Rick.

I like the ending too:

Those dismissing the Occupy movement, started by Vancouver's own Adbusters culture jamming magazine, are foolish.

The very wealthiest men in America aren't just worried about inequality— they are pre-occupied with it.

jacee · October 20, 2011

No I'm not...this web site is hosted in the United States of America. You are a "guest" in my country!

Like I said ... rude and snarky.

It's unattractive and unCanadian.

bush_cheney2004 · October 20, 2011

Those dismissing the Occupy movement, started by Vancouver's own Adbusters culture jamming magazine, are foolish.

Yea... all they were missing was a "Wall Street". America to the rescue!

jacee · October 20, 2011

You mean the people who pay all the taxes while the welfare bums loaf and drink beer?

Awwwww ... you are jealous of semi-literate unemployable ex-con alcoholics getting $600 a month.

Isn't that special! :lol:

Whack your head against the wall a few times, really REALLY hard, then you can have your lifelong dream of joining them!

If you smoke, you'll reroll your (saved) butts for the last week of the month.

You'll go out on garbage night to pick bottles out of recycle bins to buy a quart of hitest beer. You'll stand in line at foodbanks and the welfare office, and only get your abcessed tooth fixed when the dentist isn't booked, so you'll lose a few.

You will have a good drunk for a few days at cheque time, and lots of fighting and arguing and screaming and some real creepy crazies around (your beer case) too.

Enjoy! Get back to me on how it goes, eh?

It's really easy to have that 'dream life' ... if you really want it.

Edited October 20, 2011 by jacee

jacee · October 20, 2011

Yea... all they were missing was a "Wall Street". America to the rescue!

Ya ... it was a great coup, eh?!

Once in a while, when really necessary,

the tail can wag the dog, eh?! :lol:

Good dog. (patpat)

Ok, maybe Canadians can be snarky too ... in our own subtle way.

Shwa · October 20, 2011

Ya ... it was a great coup, eh?!

Once in a while, when really necessary,

the tail can wag the dog, eh?!

Good dog. (patpat)

Ok, maybe Canadians can be snarky too ... in our own subtle way.

Now jacee you'd better apologize or I'll have the mods revoke your Canadian citizenship!

bush_cheney2004 · October 20, 2011

Ok, maybe Canadians can be snarky too ... in our own subtle way.

That's OK....we know you just want America to notice you exist.

cybercoma · October 20, 2011

My point is that their problem isn't the corporations it's the corrupt politicians and the corrupt political system. There are corporations in Sweden too, y'know. Why aren't they out of control? Because unlike in the US, the Swedish political class doesn't suck up to them like the American political class. It's true that the Wall Street finance 'whizzes' almost blew us into depression, but the reason they were able to behave so irresponsibly was because of the whores in Washington who let them. And virtually all those whores were re-elected by people who were, I guess, grateful for their magnificent leadership...

I think it's a matter of nuance. You're saying the problem is with the US government for allowing it to happen, but on the other hand most people say the government should only be involved in people's lives as little as possible. Yes, the government is the only thing that will stop it. However, the problem is not the government for not stopping it. Metaphor time, take it or leave it. If you leave the doors of your house unlocked, you're irresponsible. However, it's not your fault if you get robbed. Anyway, the metaphor doesn't completely express my feelings about the matter, since frankly I think both Wall Street and DC are equally to blame.

guyser · October 20, 2011

But they ought to be protesting in Washington, not New York.

They should be were their masters are camped, and Washingtons masters are in New York.

bush_cheney2004 · October 20, 2011

They should be were their masters are camped, and Washingtons masters are in New York.

Jeezus...make up your mind...are they in New York...or Israel. "Masters"....LOL!

guyser · October 20, 2011

Jeezus...make up your mind...are they in New York...or Israel. "Masters"....LOL!

Not sure what Israel has in this...but if you want, ok. :blink:

Masters is an apt description.

Edited October 20, 2011 by guyser

blueblood · October 20, 2011

They should be were their masters are camped, and Washingtons masters are in New York.

I wouldn't go so far as to say masters, financiers maybe. There are many more ordinary people than "fat cats"

bush_cheney2004 · October 20, 2011

Not sure what Israel has in this...but if you want, ok.

Masters is an apt description.

No..."masters" is intellectually lazy and a very poor description. Using your simple approach....the USA is Canada's "master". Silly...

guyser · October 20, 2011

I wouldn't go so far as to say masters, financiers maybe. There are many more ordinary people than "fat cats"

Of course there are exceptions, but Washington always has an eye to New York for key positions in the white house as i mentioned in another thread.

Edited October 20, 2011 by guyser

bush_cheney2004 · October 20, 2011

Of course there are exceptions, but Washington always has an eye to New York for key positions in the white house as i mentioned in another thread.

But not California, or Texas, or Florida, or Illinois, or New Jersey? How can people be so simple minded?

guyser · October 20, 2011

How can people be so simple minded?

Indeed !

WWWTT · October 20, 2011

That's OK....we know you just want America to notice you exist.

If your talking about Steven Harper and the rest of the conservatives in Canada-then yes you are absolutely right!

If I was you I wouldn't hold your breath for too much longer for the rest of Canadians!

WWWTT

jacee · October 20, 2011

If your talking about Steven Harper and the rest of the conservatives in Canada-then yes you are absolutely right!

If I was you I wouldn't hold your breath for too much longer for the rest of Canadians!

WWWTT

bush_cheney2004 · October 20, 2011

...If I was you I wouldn't hold your breath for too much longer for the rest of Canadians!

No problema...according to OWS supporters here...we already have the attention of 99%. Not bad!

WWWTT · October 20, 2011

No problema...

Hey wait a second your not American!

Your Mexican!

It all makes sence now.

WWWTT

Argus · October 20, 2011

I think it's a matter of nuance. You're saying the problem is with the US government for allowing it to happen, but on the other hand most people say the government should only be involved in people's lives as little as possible.

No, most people do not say that. Even conservatives don't say that, except in the US where most of them are crazy.

The actual desire is for government to be involved in people's lives as little as NECESSARY.

And regulating and restricting major financial institutions from doing obscenely stupid things which would bring the entire economy crashing down is one of those things I believe most of us agree is necessary.

Wall Street is driven by greed. Naturally. Capitalist corporations are amoral (not immoral). Their only purpose for existing is the pursuit of profit. That's not a bad thing or a good thing. It's simply the way things are. But because of this singular motivation society needs to regulate them so that their earnest pursuit of the absolute highest possible profit does not unduly go against the public interest.