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Monday
Oct312011

VIDEO - Bill Black At Occupy Wall Street Discusses Putting Criminal Bankers In Jail

Outstanding interview recorded yesterday.

 

 

DateOct 31, 2011 at 8:52 PM | Comment31 Comments | |

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Reader Comments (31)

Right Wing Smear Job On Scott Olsen Refuted

http://market-ticker.org/akcs-www?post=196747
Oct 29, 2011 at 9:50 PM | Registered CommenterDailyBail
Even establishment mouthpiece Tom Friedman seems to get it. Or maybe he was just looking for an excuse to write "I was in Tahrir Square...." Nonetheless...

This gets to the core of why all the anti-Wall Street groups around the globe are resonating. I was in Tahrir Square in Cairo for the fall of Hosni Mubarak, and one of the most striking things to me about that demonstration was how apolitical it was. When I talked to Egyptians, it was clear that what animated their protest, first and foremost, was not a quest for democracy — although that was surely a huge factor. It was a quest for “justice.” Many Egyptians were convinced that they lived in a deeply unjust society where the game had been rigged by the Mubarak family and its crony capitalists. Egypt shows what happens when a country adopts free-market capitalism without developing real rule of law and institutions.
http://www.nytimes.com/2011/10/30/opinion/sunday/friedman-did-you-hear-the-one-about-the-bankers.html?src=ISMR_AP_LO_MST_FB
Oct 30, 2011 at 12:32 AM | Registered CommenterDr. Pitchfork
Excellent Dr. P..
Oct 30, 2011 at 12:57 AM | Unregistered CommenterS. Gompers
free market capitalism....LOL! When has that ever occurred??? I understand capitalism and I understand free markets and both are rare events. And you're telling me there was once free market capitalism??

Fuck capitalism.
Oct 30, 2011 at 4:59 AM | Unregistered Commenterdogismyth
The recent public "awareness" through #OWS is significant and necessary for certain. However, there will reach a point where even tougher decisions will have to be made, whether to push harder or retreat. (Thems not fightin' words either). World history, as far back as recorded, and empirically long before that, is not merely repeated, it never changed, regarding elite control. The nature of "something" which makes us who we R is at stake here. Our Waterloo is siding with "TRUTH" before all else. The banksters and kleptocracy are vivid examples before us upon which to spring into action gain resolve and analyze, then decide, what matters most. In other words, this is not politics, regulations, government, religion or any other institutional issue or debate as before or as usual. Everyone must "WAKE UP" to this simple fact that "TRUTH without FEAR" is really our innermost mantra and for what we must stay focused to effect "Real" change, what I humbly opine to be permeating a world-wide phenomenon. The following video says it best... http://youtu.be/slhO503-HE0
Oct 30, 2011 at 7:10 AM | Unregistered Commenterausesq7
Dogismyth--

Perhaps I don't know what real free market capitalism is. I'm not much for theory. However, I'll take whatever form of capitalsim it was in the late 1980s when Bill Black put 1000+ executives behind bars for their role in the S&L crisis.

Regardless of what econ system you favor, surely everyone can agree that (1) the rule of law--not the rule of men--must govern, and (2) we do not have (1) now.
Oct 30, 2011 at 8:03 AM | Unregistered CommenterCheyenne
I agree with Cheyenne. Time to look back.

Outrageous Foreclosure Mill Halloween Party Photos Show Contempt of Homeowners

http://www.nytimes.com/2011/10/29/opinion/what-the-costumes-reveal.html?_r=3
Oct 30, 2011 at 9:09 AM | Unregistered Commenterjohn [snip]
if everyone wants to kill capitalism....what do you want Socialism or Communism? The free market has been shackled to DC and the corrupt Wall Street. If we the People can break the chains of that oppression.....the market will be then allowed to function. Success breeds success....failure breeds failure.

If TO BIG to FAIL was allowed to FAIL.....capitalism would work and those corrupt dogs would be out of the loop and thriving businesses would be left standing.

This is the reason the economy is stalled....only the numbskulls who drove the car off the cliff now got a second chance and a new car. We have rewarded failure and punished those who made wise decisions.

When you cannot run a successful business when handed free money ( the banking system) it is time to begin afresh and allow the market forces establish success or failure. Hence, free market capitalism.

I do not vouch for DC or Wall Street but I can assure you we lived up to 1934 with the best system the WORLD had ever seen but we do not in the least bit resemble what that system looked like back then.

May we endeavor to recapture the spirit of what made us AMERICA...the Constitution...Liberty...Freedom...and the belief in one another as Brothers and Sisters pulling in the same direction for a better life for ourselves and future generations to come.

May God bless and keep you and our Nation....indivisible with liberty and justice for all....AB
Oct 30, 2011 at 12:54 PM | Unregistered CommenterAin't Bullshittin'
+1, AB. Well said.
Oct 30, 2011 at 1:08 PM | Registered CommenterDr. Pitchfork
These "occupy" mobs are not a new phenomenon, they are simply a resurgence of the national socialist party.
Oct 30, 2011 at 2:46 PM | Unregistered CommenterTom Jefferson
@ Tom, go here:

http://cryptome.org/

and look at the new photos about halfway down the page.
Oct 30, 2011 at 3:05 PM | Unregistered CommenterIrish Spring Ivory Soap
+2 AB, Dr. Pitchfork! We may have gone astray from pure free market reality, but can anyone truly say they are not better off than the rest of the world? Even our families who are labeled as being below the poverty level are for the most part much better off than almost all families were in 1930 - 1950. It is true that there are a number of people losing their homes and it truly saddens me to see this. However, the reality in many, (most), of these cases is that they are in over their heads, were to start with and they should never have been given the loans they were given in the first place. Equal culpability lies with the financial institutions, government oversight committees and . . . God forbid, the actual people who indebted themselves beyond their means! Home ownership is not a constitutionally guaranteed right, priviledge or reality! Only the pursuit of the dream of home ownership, etc., etc. are guaranteed if those are what truly make a person happy! Some will succeed, some will fail . . . just like in school, (at least before current political correctness made it unfashionable to hold people accountable for non-performance)! Also not guranteed are FREE student loans or even the promise of a job, if you happen to graduate from a college with a degree in Phys Ed, basket weaving, advanced yoga theory, or anything else! A degree says that you were there for 4-8 or 10 years, but it is up to you to put the information you supposedly learned, (from professors who could not do anything but teach), to good use! If you did not learn how to do that while gaining your FREE degree, then you got conned for the money you spent for that education and it turns out that it was not really "education" after all! Occupy movements have connected with all of us, at various levels, because there is so much wrong with not holding criminally culpable people responsible for what they have done to our society, but this culpability must, I say MUST, be shared equally by those in the greedy financial institutions, government oversight committees . . . from both parties over numerous administrations and by those who have ignored the old rule, "if it sounds to good to be true, it probably is" rule. On the other hand, the Occupy movements are largely made up of unproductive people and are now beginning to alienate previously sympathetic members of society by their lawless, disrespectful actions. These actions may fly in uncivilized countries where raw sewage still runs in open gutters in the street, but they will only go so far here and from my 69 year old perspective, they have already reached that stage. I believe that their message, vague and clueless as it is, has now reached the point of diminished returns. They would be wise to end now before they alienate even more sympathetic citizens.
Oct 30, 2011 at 3:16 PM | Unregistered CommenterThe Voice of Reason
So true = the new slogan for USA should be 'not as bad as the rest of the world, but we're working on it!' Beautiful!
Oct 30, 2011 at 3:19 PM | Unregistered Commentercitizen
How are you measuring the productivity of the OWS people? Fighting to uphold all our constitutional rights and speak out against corruption is not worth while in your judgement? Those freedoms you enjoy were earned by people who found it productive and worthwhile at the possible expense of earning another paycheck.
Oct 30, 2011 at 3:21 PM | Unregistered Commentercitizen
Ahh, Citizen, self martyrism suits you! When you talk about freedoms I enjoy because you might be demonstrating by causing harm to others by the continued interruption of their small businesses, congestion and filth in public areas that are really the property of all and an almost incoherent message from people who are there because they are paid, (proof exists), to be there for political reasons. How about I talk about the freedoms you enjoy from my perspective and service in the military! Your posture of justifying one wrong by espousing another is typical! I think you must be one of the protestors being paid up to $600.00 per week! If not, then perhaps you should begin to demand that you get your share as well! By the way, now there is almost $500,000.00 in the Occupy bank account, (yes it is in an evil capatalistic bank), how much of it are you entitled to and how much control do you have over where it is spent? Oh, and do you even know who has appointed themselves the guardians of these funds? Wow! sounds like the spawning of a new breed of greedy thugs who always make their way to the top of any group or organization whether capitalist, communist or socialist.
Oct 30, 2011 at 3:38 PM | Unregistered CommenterThe Voice of Reason
Furthermore - comparisons to the 'rest of the world' are flat out laughable. What other country has a bigger influence on the state of the world? What other country has military bases in every country of the world?
Oct 30, 2011 at 3:39 PM | Unregistered Commentercitizen
What other country funds Israeli terrorism? What country was funding the Taliban and Pakistan? What country trained and armed Bin Laden?
Oct 30, 2011 at 3:40 PM | Unregistered Commentercitizen
If by wrong you mean exercising your first amendment constitutional rights, then I agree.
Oct 30, 2011 at 3:42 PM | Unregistered Commentercitizen
Aha, Citizen, your position is exposed! Credibility is truly now in question! I have no further comments to you as you are truly a zealot in the making and will be dealt with in due course!
Oct 30, 2011 at 3:42 PM | Unregistered CommenterThe Voice of Reason
VoR:
" How about I talk about the freedoms you enjoy from my perspective and service in the military! "

What foreign/domestic threat to our freedoms did you stop by serving the industrial military complex?
Oct 30, 2011 at 3:43 PM | Unregistered Commentercitizen
@voice, I would like to a wee bit off topic but be still in the ballpark about things. The banks KNEW what was going on and the Phd mathematicians/physicists KNEW ahead of time what would happen. Obviously the MSM failed to inform us properly of that and those giving the loans seemed to use a crystal ball to predict how their (those getting the loans) income was more than it was and that the economy would flourish. Somehow these tarot card readers/astrologers knew when to go short.

http://abcnews.go.com/US/florida-fortune-telling-family-allegedly-swindled-40-million/story?id=14324565

Now isn't that nice. Note that they operated out of New York and Florida. (I bet you could find find a few in California, DC and Chicago too.)
Oct 30, 2011 at 3:46 PM | Unregistered Commenterjohn [snip]
facts are inconvenient for the ignorant
Oct 30, 2011 at 3:46 PM | Unregistered Commentercitizen
And . . . TRUTH has no agenda!
Oct 30, 2011 at 4:00 PM | Unregistered CommenterThe Voice of Reason
By agenda do you mean avoiding discussion the illegal foreclosure of houses on people paying their mortgage? Or that the OWS funds are in a CU, not a bank. Why so worried over a half million? Tis but a drop in the bucket compared to what the american people have been bilked out of to prop up this failed banking industry.
Oct 30, 2011 at 4:09 PM | Unregistered Commentercitizen
I look forward to reading your next regurgitation of faux news talking point memo. Next time do us the favor of posting a link to any proof you have - or just a direct link to the talking point memo you read.
Oct 30, 2011 at 4:22 PM | Unregistered Commentercitizen
Mr. Black for vice President. He would get it done with NO mewling. The problem is huge and this manifold assault on the U.S. is beyond money. Attacks from many directions and all from the same pinhead with delusions of grandeur, a tradition, and a keen sense of the magnitude of sheepledom. Hang 'em high, Mr. Black.
Nov 1, 2011 at 2:45 AM | Unregistered CommenterHoward T. Lewis III

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