Who are the protesters behind Occupy Wall Street–and what do they want?

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hotair.com/archives/2011/10/14/msnbc-analyst-the-ows-movement-really-needs-a-kent-state-moment/

Well, why not? After all, we’ve already had the spitting-on-the-military moment, the defecate-on-the-car moment, the call-for-violent-revolution moment, and a whole bunch of anti-Semitic moments, too. Donny Deutsch tells Morning Joe this morning that the Occupy Movement needs to “grow up” by getting someone shot by The Man, or something, just like at Kent State

youtube.com/watch?v=o_36PZ_qFkg&feature=player_embedded
 
Stjudeprayforus said:
hotair.com/archives/2011/10/14/msnbc-analyst-the-ows-movement-really-needs-a-kent-state-moment/

Well, why not? After all, we’ve already had the spitting-on-the-military moment, the defecate-on-the-car moment, the call-for-violent-revolution moment, and a whole bunch of anti-Semitic moments, too. Donny Deutsch tells Morning Joe this morning that the Occupy Movement needs to “grow up” by getting someone shot by The Man, or something, just like at Kent State

youtube.com/watch?v=o_36PZ_qFkg&feature=player_embedded
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What if that (according to you) de-legitimizing moment never comes? Does it mean that at some point, Wall Street and Washington might have to take the movement SERIOUSLY?

I think THAT is the moment they really fear.
 
colmywaykurtz said:
What if that (according to you) de-legitimizing moment never comes? Does it mean that at some point, Wall Street and Washington might have to take the movement SERIOUSLY?

I think THAT is the moment they really fear.
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One would think they would need a legitimizing moment before there wuld be any concern about being delegitimized.Since the movement offers no ideas, no solutions and really has no agenda it will be very hard for anyone to take them seriously.
 
estesbob said:
One would think they would need a legitimizing moment before there wuld be any concern about being delegitimized.Since the movement offers no ideas, no solutions and really has no agenda it will be very hard for anyone to take them seriously.
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They only have one idea - the destruction of capitalism and the implication of either anarchy, socialism, or communism. Of course, they have no idea how to transition the country in to that, they just want something to scream about.

Like on FB today, I had a friend who I was talking about it and of course some left-wing nut job thought it was OK etiquette to just jump in and start making all kinds of claims, including reading my posts and making inferences about my family. I love the block feature.😃 Some people just have NO manners!
 
With cooler fall weather on the way across the nation, have to imagine the OWS protestors will be growing thinner in numbers. George Will is probably correct in his assessment, with his article from today. Maybe there should be a coat drive to try and keep them warm and around longer? Then again don’t know if New Yorks and other locations with messy demonstrators would want to see this generosity.

“Conservatives Should Hope OWS Endures”

investors.com/NewsAndAnalysis/Article/588005/201110131835/Conservatives-Should-Hope-OWS-Endures.htm
 
estesbob said:
.Since the movement offers no ideas, no solutions and really has no agenda …
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I disagree. The movement is specifically targeting Wall Street: the entity which not only brought the entire world economy to its knees, but also got bailed out and is not paying any price for having done so.
 
gnjsdad said:
I disagree. The movement is specifically targeting Wall Street: the entity which not only brought the entire world economy to its knees, but also got bailed out and is not paying any price for having done so.
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Exactly and since when is financial accountability a bad thing? OWS is not just made up of socialists or liberals there are many people who are participating conservatives, republicans, war vets, etc. Some people seem to believe that were mad about nothing but when a big bank CEO gets million dollar pay raise and tax breaks and needs to get a bail out something is not right.
 
gnjsdad said:
I disagree. The movement is specifically targeting Wall Street: the entity which not only brought the entire world economy to its knees, but also got bailed out and is not paying any price for having done so.
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Again gross generalizations. What does targeting Wall Street me? What did Wall Street due to bring the entire world economy to its knees.? What price are "they " expected to pay?
 
glamourdollxoxo said:
Exactly and since when is financial accountability a bad thing?
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Just what exactly you mean by financial accountability?
OWS is not just made up of socialists or liberals there are many people who are participating conservatives, republicans, war vets, etc. Some people seem to believe that were mad about nothing but when a big bank CEO gets million dollar pay raise and tax breaks and needs to get a bail out something is not right.
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I see no evidence that there are many conservative or Republican elements to this crowd of whiners . Until they offer something other than whining about " Wall Street", " rich people" and " tax breaks" nobody is going to take him seriously. . I predict they will be gone about 5 min. after the first snowflake falls.
 
gnjsdad said:
For those who still remain unaware of the role Wall Street played in bringing about the financial mess we are in right now, I recommend reading…

The Financial Crisis Inquiry Report
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Here is a summary of the findings by Wikipedia: The Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages ** [which had been Very Strongly Encouraged to make those mortgages]; ** Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“[4][5]

They don’t mention the fact that the “toxic mortgages” were taken out by individuals, some of whom committed fraud to get them. they don’t mention Fannie and Freddie, two quasi-governmental operations set up to facilitate the mortgage-selling business and thus increase the amount of money available for mortgages.

So, yeah, greedy people on Wall Street were sucked into this whole thing, bit that would not have happened without the greed of a lot of other people, people who were just as greedy, who overextended themselves on credit cards and mortgages.

So why focus the protests on Wall Street? Who’s protesting Main Street, Fannie, and Freddi?

And where the heck were all the brilliant economists who should have seen that the housing bubble was just a function of demographics and would come to an end as soon as the Boomers started retiring and moving to the second homes they bought for their retirement?
 
gnjsdad said:
I disagree. The movement is specifically targeting Wall Street: the entity which not only brought the entire world economy to its knees, but also got bailed out and is not paying any price for having done so.
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What laws did “Wall Street” break in wreaking its economic mayhem upon the masses? Who, specifically, broke them?
 
They only sold worthless derivatives, because of the pressure the government put on them. You think banks wanted to give mortgages to people they knew could not pay for it. It’s not a bank’s job to make sure everyone can buy a house with a low credit score, and no money for a down payment. A bank job is to make money, not hand it out.
 
nathan_oc said:
They only sold worthless derivatives, because of the pressure the government put on them.
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That is not completely accurate. As the Financial Crisis Inquiry Report documents in great detail, the government was clueless as to what was going on. The ideology of deregulation and lax enforcement was in full swing in the government. At the Fed, Greenspan was a well known proponent of the belief that markets could regulate themselves and the Fed treated this case accordingly.
nathan-oc:
You think banks wanted to give mortgages to people they knew could not pay for it.
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Yes they did. Because they could sell these mortgages at a profit before the ink on the closings was dry.
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nathan_oc:
It’s not a bank’s job to make sure everyone can buy a house with a low credit score, and no money for a down payment.
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The repeal of the Glass Stegall Act, which allowed commercial banks to get into the speculative areas that investment banks were getting into, was part of the drive to deregulate the financial services sector. It shouldn’t have been a commercial bank’s job, but it became commercial banks’ job thanks to deregulation.

Reference has also been made to Fannie Mae and Freddy Mac. These are not government agencies, but quasi private corporations, complete with boards of directors and stock. Fannie and Freddy were allowed to join the frenzy when they saw all the money being made. If the government has any blame, it lies in allowing Fannie and Freddie to participate in the madness going on on Wall Street.
 
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