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CardiffBaseball.
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October 22, 2011 at 8:24 AM #731152October 22, 2011 at 11:56 PM #731175
CA renter
Participant[quote=Nor-LA-SD-GUY2]To rely on companies to fund a retirement pension these days I think would not work,
They need to establish a National pension plan similar to CALPERS.And they need a message !!!
WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !![/quote]They already have one, and public employees with CalPERS don’t get it. It’s called “Social Security.”
October 23, 2011 at 9:11 AM #731181bearishgurl
Participant[quote=CA renter][quote=Nor-LA-SD-GUY2]To rely on companies to fund a retirement pension these days I think would not work,
They need to establish a National pension plan similar to CALPERS.And they need a message !!!
WHAT DO WE WANT !!
A BIGGER PICE OF THE PIE NOW !!
WHAT DO WE WANT !!
HIGHER WAGES NOW !!
WHAT DO WE WANT !!
A BETTER RETIREMENT PLAN NOW !!!
WHAT DO WE WANT !!
EVERYONE GETS A CALPERS ACCOUNT NOW !![/quote]They already have one, and public employees with CalPERS don’t get it. It’s called “Social Security.”[/quote]
Thank you, CAR . . . LOL!!
October 23, 2011 at 9:40 AM #731182KSMountain
Participant[quote=pri_dk][quote=jpinpb]
Wouldn’t it be convenient if there was a nice clean line that separated the 1% from the other 99?Let’s just ignore reality, and pretend the world is as simple as we’d like it to be.[/quote]
If you have a married couple, both doctors, wouldn’t they be in the “1%”? What about a lady with a successful dessert shop? Isn’t just about every professional athlete and entertainer in the “1%”? (or more accurately, the “0.1%”?)Should we assume that anytime someone has a million or 10 million in the bank those are ill-gotten gains? Maybe we should imprison all those people for their self-evident crimes. Down with the rapacious bourgeoisie! Down with the smug intelligentsia! Let the cultural revolution begin! They’re all crooks! I would personally be rich, sitting on the couch eating potato chips, if these people hadn’t stolen MY share with their tricksy corporation thingies.
Damn I kind of miss those pies now…
Perhaps I should get a Mao jacket for halloween…October 23, 2011 at 10:02 AM #731184Arraya
ParticipantMan, late-stage capitalism is going to be interesting.
I hate to break it to you guys but it doesn’t fucking matter what you believe but we are a multifaceted, slow motion social train wreck.
It’s like you are all in some mass hallucination and can’t see the glaringly obvious.
October 23, 2011 at 10:23 AM #731188jpinpb
ParticipantBank Of America and its $75 trillion in derivatives bets.
I just honestly don’t know how anybody can be okay w/this.
October 23, 2011 at 10:43 AM #731189Participant[quote=Arraya]Man, late-stage capitalism is going to be interesting.
I hate to break it to you guys but it doesn’t fucking matter what you believe but we are a multifaceted, slow motion social train wreck.
It’s like you are all in some mass hallucination and can’t see the glaringly obvious.
Lee Camp will be disappointed.
October 23, 2011 at 11:02 AM #731191Participant[quote=jpinpb]Bank Of America and its $75 trillion in derivatives bets.
I just honestly don’t know how anybody can be okay w/this.[/quote]
Do a little research into “hedging” and you might be less concerned. Not all those $75T are bet in the same direction, nor on the same thing. If it even is $75T. The speaker cited no sources whatsoever.How about a little reality, boring as it is:
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program“The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion. By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion.”
$19 billion is flysh*t. It’s roughly $60 from each of us. Compare that to the cost of say the prescription drug benefit.
October 23, 2011 at 5:43 PM #731200Participant[quote=KSMountain][quote=jpinpb]Bank Of America and its $75 trillion in derivatives bets.
I just honestly don’t know how anybody can be okay w/this.[/quote]
Do a little research into “hedging” and you might be less concerned. Not all those $75T are bet in the same direction, nor on the same thing. If it even is $75T. The speaker cited no sources whatsoever.How about a little reality, boring as it is:
http://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program“The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion. By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion.”
$19 billion is flysh*t. It’s roughly $60 from each of us. Compare that to the cost of say the prescription drug benefit.[/quote]
———–
We’ve already seen what counterparty risk can do to derivatives. Do we really need more of that? These types of derivatives are used to mask the real price of assets, and greatly increase risk in the process.
As far as “bailouts” are concerned, TARP is only the tip of the iceburg.
How much is being taken from elderly people (and others on fixed income) every single month — for years now — via the Fed’s manipulation of interest rates?
How much will taxpayers lose on bad mortgages that were refi’d from private lenders to govt-backed lenders?
How much will taxpayers end up paying through the FDIC (we are nowhere near done with bank failures, IMHO).
How much purchasing power have wage earners lost as the Fed/Treasury pumped more money into the system to prop up asset owners at the expense of those who earn wages or live on fixed income?
How much have taxpayers paid via extended unemployment and other benefits — which was caused by the boom-bust cycle of the Fed and the “capital gains” crew?
How much have taxpayers lost because of backdoor deals between govt choosen private parties who have been given assets for 17 cents on the dollar (worth about 40-60 cents)?
The list goes on and on… TARP is being used as a distraction from the real damage that has been done by the financial elite. Time to rein them in.
October 24, 2011 at 12:20 AM #731217sdrealtor
ParticipantJust got back into town. Are the still Occupying Encinitas?
October 24, 2011 at 1:00 AM #731218Participant[quote=sdrealtor]Just got back into town. Are the still Occupying Encinitas?[/quote]
Yep! 🙂
October 24, 2011 at 9:29 AM #731226ParticipantWhere are they would like to go check their camp out?
October 24, 2011 at 9:40 AM #731227ParticipantI understand they are demonstrating at the corner of Encinitas Blvd and Hwy 101 on Saturday, October 29 around noon. Not sure if there are overnight campers up in your Nirvana. But they seem to have regular rallies.
October 24, 2011 at 9:43 AM #731228
CoronitaParticipantDow’s at 11866… getting closer to 12,000… Then we can get back to the normally scheduled program…
October 24, 2011 at 11:01 AM #731230Participant[quote=jpinpb]I understand they are demonstrating at the corner of Encinitas Blvd and Hwy 101 on Saturday, October 29 around noon. Not sure if there are overnight campers up in your Nirvana. But they seem to have regular rallies.[/quote]
Sounds as I expected. Regular rallies does not equal occupying. They had bigger opposition to F Street book store opening on the 101.
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