Comments on: The Wall Street Oligarchs (part 1) http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/ Sun, 22 Nov 2009 07:43:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Will “Cap-and-Trade” be the Next Bubble? : NO QUARTER http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1223998 Will “Cap-and-Trade” be the Next Bubble? : NO QUARTER Thu, 02 Jul 2009 20:02:16 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1223998 [...] that’s just the opening lines. I’ve written (see here, here and here) and read about the Goldman Sachs connections to our current financial woes. But Taibbi [...] [...] that’s just the opening lines. I’ve written (see here, here and here) and read about the Goldman Sachs connections to our current financial woes. But Taibbi [...]

]]> By: Facing Down the Wall Street Oligarchs (part 2) : NO QUARTER http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169985 Facing Down the Wall Street Oligarchs (part 2) : NO QUARTER Wed, 01 Apr 2009 19:33:57 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169985 [...] so the story of The Wall Street Oligarchs and the Main Street Taxpayers resumes as Simon Johnson, former chief economist of the International [...] [...] so the story of The Wall Street Oligarchs and the Main Street Taxpayers resumes as Simon Johnson, former chief economist of the International [...]

]]> By: Sassy http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169179 Sassy Tue, 31 Mar 2009 16:23:04 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169179 There is certainly enough blame to go around, and my comment is harsh and reflects my anger. Not at honest people who have lost jobs through no fault of their own, for it's tough for a family to get by in this society. Credit card fraud, illegals fraud, welfare fraud, politicians fraud, Wall Street fraud, CEO fraud, banker fraud, mortgage fraud...it's all theft! In the past, another's finances would be none of my business, thank goodness. Now however, it's personal, for all the above have stolen from me, and I'm angry and uncharitable about it! There is certainly enough blame to go around, and my comment is harsh and reflects my anger.
Not at honest people who have lost jobs through no fault of their own, for it’s tough for a family to get by in this society.
Credit card fraud, illegals fraud, welfare fraud, politicians fraud, Wall Street fraud, CEO fraud, banker fraud, mortgage fraud…it’s all theft!
In the past, another’s finances would be none of my business, thank goodness.
Now however, it’s personal, for all the above have stolen from me, and I’m angry and uncharitable about it!

]]> By: Ginger http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169090 Ginger Tue, 31 Mar 2009 11:38:26 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169090 <blockquote>(although none of us remain completely blameless), </blockquote> I am curious about this as to what you mean.

(although none of us remain completely blameless),

I am curious about this as to what you mean.

]]> By: betty http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169089 betty Tue, 31 Mar 2009 11:35:30 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169089 I agree with you. I agree with you.

]]> By: Baba Rum Raisin http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169015 Baba Rum Raisin Tue, 31 Mar 2009 06:43:52 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169015 Goes a long way to explain the popularity of Kidnapping in Third Worls countries, doesn't it? Goes a long way to explain the popularity of Kidnapping in Third Worls countries, doesn’t it?

]]> By: Senneth, formerly Snickers http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1169001 Senneth, formerly Snickers Tue, 31 Mar 2009 06:02:04 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1169001 WMCB, I totally agree. Those of us who stepped outside the box and voted against our Party because we saw what was happening, are willing to be Americans first and not subject ourselves to cognitive dissonance. We need to stand together and forget the Party affiliations if we want our country to survive. WMCB, I totally agree. Those of us who stepped outside the box and voted against our Party because we saw what was happening, are willing to be Americans first and not subject ourselves to cognitive dissonance. We need to stand together and forget the Party affiliations if we want our country to survive.

]]> By: termo http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168937 termo Tue, 31 Mar 2009 03:14:05 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168937 My only comment is that during every major crisis we face we need to have easy answers and identifiable demons who intentionally put us in the situation we find outselves in. Back in the 1960's it was called the military industrial complex that was running this country and forcing us to stay in Vietnam. Now we have some sort of financial industry oligarchy that is responsible for all the bad things that have transpired. Just to restate what the late Michael Harrington used to tell his class, <em>"Do you really believe that corporate Presidents gets up every morning, look in the mirror, and say 'how am I going to screw this country today?'"</em> There is no secret society or master plan or conspiracy to up-end our economy and control it. We live with free market capitalism which means the opportunities are limitless but the downsides could be severe. Greed is inherent in this system but it can be a positive as much as it can be a negative. It is a work-in-progress where systemic problems will arise either through corruption or unintended consequences. And through trial-and-error we can correct what we know. If you are looking for a stable system where there is over-regulation which will not allow for any "bubbles" or other problems, and where everyone shares in the wealth equally, then you are looking for Socialism and Obama is your guy. My only comment is that during every major crisis we face we need to have easy answers and identifiable demons who intentionally put us in the situation we find outselves in.

Back in the 1960’s it was called the military industrial complex that was running this country and forcing us to stay in Vietnam.

Now we have some sort of financial industry oligarchy that is responsible for all the bad things that have transpired.

Just to restate what the late Michael Harrington used to tell his class, “Do you really believe that corporate Presidents gets up every morning, look in the mirror, and say ‘how am I going to screw this country today?’”

There is no secret society or master plan or conspiracy to up-end our economy and control it.

We live with free market capitalism which means the opportunities are limitless but the downsides could be severe. Greed is inherent in this system but it can be a positive as much as it can be a negative. It is a work-in-progress where systemic problems will arise either through corruption or unintended consequences. And through trial-and-error we can correct what we know.

If you are looking for a stable system where there is over-regulation which will not allow for any “bubbles” or other problems, and where everyone shares in the wealth equally, then you are looking for Socialism and Obama is your guy.

]]> By: Ciarda http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168935 Ciarda Tue, 31 Mar 2009 03:10:13 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168935 The Bush administration created a situation very like France before the French Revolution. Hillary knew this and her plans would have ended the stealing hand over fist by Wall Street. Obama is continuing the party for the Wall Street sleaze. I'm worried that because Obama is playing Nero we are going to have a repeat of the French Revolution. The poor and middle class are angry and even the ones who were fooled by the media elite selling of Obama are starting to wake up from the koolaide stupor. The upper class are the only ones still fawning over Obama. The Bush administration created a situation very like France before the French Revolution. Hillary knew this and her plans would have ended the stealing hand over fist by Wall Street. Obama is continuing the party for the Wall Street sleaze. I’m worried that because Obama is playing Nero we are going to have a repeat of the French Revolution. The poor and middle class are angry and even the ones who were fooled by the media elite selling of Obama are starting to wake up from the koolaide stupor. The upper class are the only ones still fawning over Obama.

]]> By: Linda Anselmi http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168787 Linda Anselmi Mon, 30 Mar 2009 23:42:17 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168787 Excellent points Docelder. Part of my frustration that may have gotten lost in trying to highlight so much information was those very points. It is endlessly frustrating to me that various elements of the media and too many political figures are manufacturing and manipulating issues to tar and discredit whole groups. instead of dealing with the real issues. Divide and conquer. It works every time. Excellent points Docelder.

Part of my frustration that may have gotten lost in trying to highlight so much information was those very points. It is endlessly frustrating to me that various elements of the media and too many political figures are manufacturing and manipulating issues to tar and discredit whole groups. instead of dealing with the real issues.

Divide and conquer. It works every time.

]]> By: Linda Anselmi http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168780 Linda Anselmi Mon, 30 Mar 2009 23:26:20 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168780 Thank you pm317. Great article. There is so much to learn and so much to admire as well as condemn about what is going on. I hope to focus on some of the good things next. So huge thank you. This is such an important discussion we need to have. not just about the US. But to recognize the international implications because it has truly become a small world. Thank you pm317.

Great article. There is so much to learn and so much to admire as well as condemn about what is going on. I hope to focus on some of the good things next. So huge thank you. This is such an important discussion we need to have. not just about the US. But to recognize the international implications because it has truly become a small world.

]]> By: Linda Anselmi http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168771 Linda Anselmi Mon, 30 Mar 2009 23:12:39 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168771 Thank you Peggy Sue! Sincerely - you keep me on my toes. And I do appreciate that. Some times in the midst of writing, I don't always hear what I am saying or realize how it is interpreted. And as with any one, some times the frustrations of the moment come through clearer and obscure the message I'm actually trying to convey. That dailykos link is awesome. Am researching as I write. HUGE thanks!! Thank you Peggy Sue!

Sincerely – you keep me on my toes. And I do appreciate that. Some times in the midst of writing, I don’t always hear what I am saying or realize how it is interpreted. And as with any one, some times the frustrations of the moment come through clearer and obscure the message I’m actually trying to convey.

That dailykos link is awesome. Am researching as I write. HUGE thanks!!

]]> By: NoBamaNoWay http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168748 NoBamaNoWay Mon, 30 Mar 2009 22:14:49 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168748 word. there seems to be a total loss of morality in this country. word. there seems to be a total loss of morality in this country.

]]> By: NoBamaNoWay http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168745 NoBamaNoWay Mon, 30 Mar 2009 22:08:30 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168745 it's really quite natural; it is darwinism in action. the strong form alliances to become even stronger at the expense of the weak. the only surprising thing would be if this kind of corruption *didn't* happen. the average people must always be vigilant against what is going on at the top of the food chain; the aristocracy does not have our best interests at heart, no matter how much they may pretend they do. it’s really quite natural; it is darwinism in action. the strong form alliances to become even stronger at the expense of the weak. the only surprising thing would be if this kind of corruption *didn’t* happen.

the average people must always be vigilant against what is going on at the top of the food chain; the aristocracy does not have our best interests at heart, no matter how much they may pretend they do.

]]> By: Peggy Sue http://www.noquarterusa.net/blog/2009/03/31/the-wall-street-oligarchs-part-1/#comment-1168720 Peggy Sue Mon, 30 Mar 2009 21:22:51 +0000 http://www.noquarterusa.net/blog/?p=19315#comment-1168720 Btw, Linda, just as an addendum to your article, I found this "very" interesting diary over at Daily Kos yesterday. I was surprised when I read it though not surprised that it disappeared rather quickly. It gives a condensed list of lies the government has fed us as the crisis worsens. It also has a number of links within the text for additional reading. Article can be found here: http://www.dailykos.com/story/2009/3/30/1341/23648 Particularly shocking is the unemployment figure, you know the 8.5% we've been given. Goolsbie estimates that the real percentage is somewhere between 15-17%. A real flim-flam is what we're being served up. So, yes. I agree that we need targeted action, information and a concerted effort to push back before we all go down the drain with these fools. Btw, Linda, just as an addendum to your article, I found this “very” interesting diary over at Daily Kos yesterday. I was surprised when I read it though not surprised that it disappeared rather quickly. It gives a condensed list of lies the government has fed us as the crisis worsens. It also has a number of links within the text for additional reading.

Article can be found here:

http://www.dailykos.com/story/2009/3/30/1341/23648

Particularly shocking is the unemployment figure, you know the 8.5% we’ve been given. Goolsbie estimates that the real percentage is somewhere between 15-17%.

A real flim-flam is what we’re being served up. So, yes. I agree that we need targeted action, information and a concerted effort to push back before we all go down the drain with these fools.

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