Thread: Occupy Wall Street around the world.... Your thoughts and feelings about it!

Originally Posted by Seraph

Scroll half way down:CHARTS: Here's What The Wall Street Protesters Are So Angry About...

"When you can borrow money for nothing, and lend it back to the government risk-free for a few percentage points, you can COIN MONEY. And the banks are doing that. According to IRA, the "net interest margin" made by US banks in the first six months of this year is $211 Billion. Nice!"

This is going on year in year out, draining the economy. The largest expense of big banks is compensation. They simply pay themselves large amounts.

The largest amount of money is taken by people that do nothing for it, paracitising the economy, draining your wallet.

And who created this "loophole" that the banks are taking advantage of? The government, no?

I don't know where in the constitution "income inequality" is discussed. This is America - you are free to make a boat load of money (microsoft, google, facebook, etc.) and you are also free to fail. I personally feel that the banks and GM are not too big too fail and in my opinion they shouldn't have been bailed out.

Thank you for the link.

Scott

Originally Posted by fortheether

And who created this "loophole" that the banks are taking advantage of? The government, no?...

Actually this was created by the banks, and they pushed it through. This was not created by any constitutional process, nor did citizens get a vote on it.

Also, on the separate issue, there are regulatory activities governing banks that were routinely ignored in creating the financial crisis. Failure to act on laws and regulations already on the books. This has to do with accountability of elected officials, but we can't get ride of them, because the two parties are controlled from the top down by big money.