Besides the Penn State Drama, anyone following this Occupy Wall Street Crap?

[greenecounty]

Interesting, but do you have any links to articles, info to read about it? What you are saying seems to completely contradict what I have read about the audit that has been done on the FED.

history of the past programs:

http://www.newyorkfed.org/markets/funding_archive/index.html

the normal sec lending programs are here:

http://www.newyorkfed.org/markets/openmarket.html

[WNYBuckHunter]

Im not looking for what the Fed says they do, Im looking for what really happened. Sorry, I dont trust the Fed and believe it to be unconstitutional in the first place. All of these facilities and programs that were created back in 08 are the problem that I am talking about. The Fed was audited by the GAO, and that audits findings were released in July. You may want to do some reading into what was found. Let me start you off with an article on Bernie Sanders' web site...

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

and an article from Forbes...

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

There are more, you can do a simple Google search to find them. Also, you may find it interesting to look into where Ron Paul has been trying to go with regular audits of the Fed and who has been trying to keep that from happening. ***cough*** Barney Frank ***cough***

http://www.forbes.com/sites/traceygreenstein/2011/09/20/the-feds-16-trillion-bailouts-under-reported/

[greenecounty]

Im not looking for what the Fed says they do, Im looking for what really happened. Sorry, I dont trust the Fed and believe it to be unconstitutional in the first place. All of these facilities and programs that were created back in 08 are the problem that I am talking about. The Fed was audited by the GAO, and that audits findings were released in July. You may want to do some reading into what was found. Let me start you off with an article on Bernie Sanders' web site...

http://sanders.senat...53-62060dcbb3c3

and an article from Forbes...

http://www.forbes.co...under-reported/

There are more, you can do a simple Google search to find them. Also, you may find it interesting to look into where Ron Paul has been trying to go with regular audits of the Fed and who has been trying to keep that from happening. ***cough*** Barney Frank ***cough***

http://www.forbes.co...under-reported/

disclaimer - i have experience in these securities and for employment reasons i can only explain what they did at a 10,000ft view (hint):

the final sentence of that link explains it so simply and of course they had to throw in the "not taking care of "main street"" line. the programs were instituted to lower rates across the board for all fixed investments - which back the securities that i deal with every day. without intervention and implementing talf (for example) --> nobody was buying any security that was backed or dealt with consumer credit or mortgage credit (Consumer Credit Card/Auto/Equipment/HomeEquity/1st and 2nd Lein Mortgage). By creating a short term liquidity facility where the fed would repo these securities within the broad market looking for investors - some sort of confidence was brought back into the market. In a market of supply in demand - if there were no buyers of bonds backed by your mortgage or CC payments - the bank you got the loan from would actually give you a higher rate - because they would have to hold for investment and not be able to sell into the market. With no buyers of these securities - rates go up. Instituting these programs not only instilled confidence in the overall payment structure in the market but allowed for a great amount of refinancing at lower rates saving you and i money.

Now the ron paulites will say thats direct interference but go try and tell that to the people who were on the bubble of going delinquent due to adjustable rate mtges or variable rate cc/auto loans. it definitely helped them.

I understand the rabble about the maiden lane portfolios where there are very complex structured products. to be honest - you cannot explain this to governmental people whatsoever. when govt is involved in business - its not experience or knowledge that matters - its politics. trying to explain payment structures and risk to a group of congressmen is just a waste of time. almost like trying to explain astrophysics to a group of 6th graders...but the 6th graders actually have some sort of power to determine how we develop an antimatter engine...for some reason

[RifleSharpShot]

This thread is getting deep and i would have to think it affects people more that live in the area!I have been their several times so just trying to put it together is a little crazy!

[fasteddie]

I heard that the occupy folks plan to start a protest on some of the Logging Industries . They claim the logging of forest land is detrimental to the Go Green Movement . Maybe they will get some action there .

[DTG3k]

These guys are hilarious. They are pissed they spent thousands of dollars on school and now cant get jobs and have to pay off their loans. But all of them have bullshit degrees in "Literature" or "Womens Studies". I also have loans to pay off. But my Degree is in Civil Engineering and i actually have a job, because my degree has substance and took a lot of work to earn. I wish i couldve drank through 4 years of college, but in the real world, people have to bust their ass to get ahead.

[erussell]

I had to laugh at an interview with one women at an encampment, I dont remember which one. But basically she was crying about how all the homeless were showing up at dinner and eating all there hard earned food that they had scrounged up and expected them to feed them free food. I had to laugh at the irony. I'm not defending what wallstreet, or the goverments of the world have allowed to happen in the name of greed but you have to laugh at someone who supposedly stands against corporate greed and for trickle down poverty complaining about how people expect to receive there food for free. I especially like Obama's job bill he keeps touting. He claims it will put construction worker's, police, and teachers back to work. And who are the majority of these kinds of jobs affiliated with? Union's! Does he really think we are that stupid that we can't see he is just pandering to his base. So lets put billions of dollars into putting a miniscule amount of people back to work and let millions not in unions be damned. What an out of touch, hypicritical bunch of jerkoffs. I saw an article in cnn the other day about who the richest 10 members of congress were. The top 4 or 5 were all Democrats.

[RifleSharpShot]

I heard that the occupy folks plan to start a protest on some of the Logging Industries . They claim the logging of forest land is detrimental to the Go Green Movement . Maybe they will get some action there .

I think for the most part that whole go green thing is a joke i may be wrong,but its just a way to brainwash people into spend thousands of dollars!!

[joe12]

These guys are hilarious. They are pissed they spent thousands of dollars on school and now cant get jobs and have to pay off their loans. But all of them have bullshit degrees in "Literature" or "Womens Studies". I also have loans to pay off. But my Degree is in Civil Engineering and i actually have a job, because my degree has substance and took a lot of work to earn. I wish i couldve drank through 4 years of college, but in the real world, people have to bust their ass to get ahead.

LOL i had a buddy in college that majored in Greek Gods. Can you believe that he is unemployed? - Go figure!

[fasteddie]

I think for the most part that whole go green thing is a joke i may be wrong,but its just a way to brainwash people into spend thousands of dollars!!

Some of it is but the jist of the article was about the Greedy Lumber Companies being against the Go Green concept because it would hurt their bank accounts if too many folks go paperless . And then some of these dumb ass Lumber Farmers don't plant trees to make up for what they removed . They are as greedy as many of these other big business' .

[burmjohn]

LOL

[RifleSharpShot]

Its a loose loose all the big timers in the world could care less about people like us that rather hunt than rip someone else off for thousands.It's just sad to see that im so young and have seen the world change so much allready i cant belive what it will be like in 20 more years if things keep up the way they are going!!