OCCUPY WALL STREET

Ebon · 11-27-2011, 12:45 AM

Quote:

Originally Posted by persiphone

where i live the churches support the Occupy movement and have even offered to allow the protesters to camp in their parking lot.

they even have erected signs in support of the uprising on the church lawns. we never hear anything along the lines of protesters = degenerate/protesters/mentally ill/homeless/etc/etc/etc/desecraters/blahblah.

i love when churchy people are actually acting like christians. just sayin.

It seems that quite often people forget about the Christ part of their Christianity. This is really cool to hear.

persiphone · 11-27-2011, 01:05 AM

Quote:

Originally Posted by Ebon

It seems that quite often people forget about the Christ part of their Christianity. This is really cool to hear.

if i believed in such things i'd agree with you. i think the idea of a jesus is as bizarre as adam and eve, virgin moms, resurrections, talking snakes, and parting an ocean with a stick. however, the "message" of christianity is to love thy brother. and i'm pretty sure "jesus" was quoted in the bible speaking out against wealth. if i really gave a shit i could look it up. nope...too lazy. neener.

Diavolo · 11-27-2011, 09:05 AM

Quote:

Originally Posted by persiphone

if i believed in such things i'd agree with you. i think the idea of a jesus is as bizarre as adam and eve, virgin moms, resurrections, talking snakes, and parting an ocean with a stick. however, the "message" of christianity is to love thy brother. and i'm pretty sure "jesus" was quoted in the bible speaking out against wealth. if i really gave a shit i could look it up. nope...too lazy. neener.

Let me do the heavy lifting for you. ;-)

Mark 10:25

"It is easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God"

Matthew 6:19

“Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal."

Luke 12:15

“Then he said to them, ‘Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance of his possessions.’ ”

Mark 12:43-44

“Calling his disciples to him, Jesus said, ‘I tell you the truth, this poor widow has put more into the treasury than all the others. They all gave out of their wealth; but she, out of her poverty, put in everything—all she had to live on.’ ”

Luke 14:33

“In the same way, any of you who does not give up everything he has cannot be my disciple.”

Matthew 25:34-40

34 “Then the King will say to those on his right, ‘Come, you who are blessed by my Father; take your inheritance, the kingdom prepared for you since the creation of the world. 35 For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in, 36 I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me.’

37 “Then the righteous will answer him, ‘Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? 38 When did we see you a stranger and invite you in, or needing clothes and clothe you? 39 When did we see you sick or in prison and go to visit you?’

40 “The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’"

I think that just about covers it. And it makes it pretty clear what St. Peter's job is as well.

persiphone · 11-27-2011, 09:15 AM

Quote:

Originally Posted by Diavolo

Let me do the heavy lifting for you. ;-)

Mark 10:25

"It is easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God"

Matthew 6:19

“Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal."

Luke 12:15

“Then he said to them, ‘Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance of his possessions.’ ”

Mark 12:43-44

“Calling his disciples to him, Jesus said, ‘I tell you the truth, this poor widow has put more into the treasury than all the others. They all gave out of their wealth; but she, out of her poverty, put in everything—all she had to live on.’ ”

Luke 14:33

“In the same way, any of you who does not give up everything he has cannot be my disciple.”

Matthew 25:34-40

34 “Then the King will say to those on his right, ‘Come, you who are blessed by my Father; take your inheritance, the kingdom prepared for you since the creation of the world. 35 For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in, 36 I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me.’

37 “Then the righteous will answer him, ‘Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? 38 When did we see you a stranger and invite you in, or needing clothes and clothe you? 39 When did we see you sick or in prison and go to visit you?’

40 “The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’"

I think that just about covers it. And it makes it pretty clear what St. Peter's job is as well.

yes, thank you ever so much

persiphone · 11-27-2011, 09:24 AM

The Congress Insider Trading Scandal Is Outrageous
By Henry Blodget Daily Ticker – Tue, Nov 15, 2011 7:23 AM EST

..You cannot read the description of the personal stock trading allegedly conducted by Rep. Spencer Bachus and other members of Congress during the financial crisis and conclude anything other than the following:

Our government is completely corrupt.

Yes, this behavior may be technically legal, because of an absurd loophole that makes insider-trading rules not apply to Congress.

Yes, this behavior may be widespread on Capitol Hill.

But there is no universe in which a reasonable person would consider this behavior ethical or okay. And for the 300+ million Americans who aren't members of Congress, it would be just plain illegal

Many members of Congress seem guilty here, including John Kerry, Dick Durbin, and Jim Moran. But Spencer Bachus takes the cake.

According to a new book called Throw Them All Out by Peter Schweizer, as relayed by Dave Weigel at Slate, Rep. Bachus made more than 40 trades in his personal account in the summer and fall of 2008, in the early months of the financial crisis.

The fact that Bachus personally traded on private information he received as a result of his job is bad enough. The fact that he was the ranking member of the House Financial Services Committee at the time is simply outrageous.

In one case, the day after getting a private briefing on the collapsing economy and financial system from Ben Bernanke and Hank Paulson, Rep. Bachus effectively shorted the market (by buying options that would rise if the market tanked.)

A few days later, after the market tanked, Bachus sold his position and nearly doubled his money.

If a corporate executive or Wall Street trader did this--cashed in personally after getting private, non-public information from his work--Rep. Bachus and every other member of Congress would be screaming from the rooftops about how the financial system is deeply corrupt and how the executive should be charged with insider trading.

And they would be right.

Rep. Bachus should return whatever money he made by betting on the direction of the markets (or anything else) in the fall of 2008. He should apologize for his behavior and jaw-dropping lack of judgement. He should urge his fellow members of Congress to immediately enact legislation that defends the fairness of the markets by holding Congress to the same insider trading laws as everyone else. He should then resign in disgrace.

Here's the passage from Throw Them All Out, as relayed by Slate's Dave Weigel. According to Weigel, it is only one of many examples of Bachus's insider trading:

On the evening of September 18, at 7 p.m., Bachus received [a] private briefing for congressional leaders by Hank Paulson and Federal Reserve Bank Chairman Ben Bernanke about the current state of the economy. They sat around a long table in the office of Nancy Pelosi, then the Speaker of the House. These briefings were secretive. Often, cell phones and Blackberrys had to be surrendered outside the room to avoid leaks.

What Bachus and his colleagues heard behind closed doors was stunning. As Paulson recounts, "Ben [Bernanke] emphasized how the financial crisis could spill into the real economy. As stocks dropped perhaps a further 20 percent, General Motors would go bankrupt, and unemployment would rise . . . if we did nothing." The members of Congress around the table were, in Paulson's words, "ashen-faced."

Bernanke continued, "It is a matter of days before there is a meltdown in the global financial system." Bachus was among those who spoke. According to Paulson, he suggested recapitalizing the banks by buying shares.

The meeting broke up. The next day, September 19, Congressman Bachus bought contract options on Proshares Ultra-Short QQQ, an index fund that seeks results that are 200% of the inverse of the Nasdaq 100 index. In other words, he was shorting the market. It was an inexpensive way to bet that the market would fall. He bought options for $7,846 on a day when the Dow Jones Industrial Average opened at 8,604. A few days later, on September 23, after the market had indeed fallen, he sold the options for over $13,000 and nearly doubled his money.

old again but i can't stop reading about it.

Diavolo · 11-27-2011, 09:41 AM

Quote:

Originally Posted by persiphone

The Congress Insider Trading Scandal Is Outrageous
By Henry Blodget Daily Ticker – Tue, Nov 15, 2011 7:23 AM EST

Kind of funny in that Blodget was one of the architects of the dot.com bomb when he was the head of global Internet research at Merrill Lynch. Let's see...pets.com, he had a buy on that until the morning they imploded.

SoNotHer · 11-27-2011, 11:05 AM

I am sorry I don't live in Mass. to vote for her. I always find her inspiring and genuine, and now that she's in Karl Rove's crosshairs, I find her even more so and more essential than ever.

https://secure.actblue.com/entity/fu...tblue_homepage

11-27-2011, 09:24 AM	#5
persiphone Timed Out How Do You Identify?: femme Relationship Status: on a hedonistic hiatus Join Date: Nov 2009 Location: Permanently Banned 12/28/2011 Posts: 462 My Photo Gallery Thanks: 1,574 Thanked 1,562 Times in 380 Posts Rep Power: 0	The Congress Insider Trading Scandal Is Outrageous By Henry Blodget Daily Ticker – Tue, Nov 15, 2011 7:23 AM EST ..You cannot read the description of the personal stock trading allegedly conducted by Rep. Spencer Bachus and other members of Congress during the financial crisis and conclude anything other than the following: Our government is completely corrupt. Yes, this behavior may be technically legal, because of an absurd loophole that makes insider-trading rules not apply to Congress. Yes, this behavior may be widespread on Capitol Hill. But there is no universe in which a reasonable person would consider this behavior ethical or okay. And for the 300+ million Americans who aren't members of Congress, it would be just plain illegal Many members of Congress seem guilty here, including John Kerry, Dick Durbin, and Jim Moran. But Spencer Bachus takes the cake. According to a new book called Throw Them All Out by Peter Schweizer, as relayed by Dave Weigel at Slate, Rep. Bachus made more than 40 trades in his personal account in the summer and fall of 2008, in the early months of the financial crisis. The fact that Bachus personally traded on private information he received as a result of his job is bad enough. The fact that he was the ranking member of the House Financial Services Committee at the time is simply outrageous. In one case, the day after getting a private briefing on the collapsing economy and financial system from Ben Bernanke and Hank Paulson, Rep. Bachus effectively shorted the market (by buying options that would rise if the market tanked.) A few days later, after the market tanked, Bachus sold his position and nearly doubled his money. If a corporate executive or Wall Street trader did this--cashed in personally after getting private, non-public information from his work--Rep. Bachus and every other member of Congress would be screaming from the rooftops about how the financial system is deeply corrupt and how the executive should be charged with insider trading. And they would be right. Rep. Bachus should return whatever money he made by betting on the direction of the markets (or anything else) in the fall of 2008. He should apologize for his behavior and jaw-dropping lack of judgement. He should urge his fellow members of Congress to immediately enact legislation that defends the fairness of the markets by holding Congress to the same insider trading laws as everyone else. He should then resign in disgrace. Here's the passage from Throw Them All Out, as relayed by Slate's Dave Weigel. According to Weigel, it is only one of many examples of Bachus's insider trading: On the evening of September 18, at 7 p.m., Bachus received [a] private briefing for congressional leaders by Hank Paulson and Federal Reserve Bank Chairman Ben Bernanke about the current state of the economy. They sat around a long table in the office of Nancy Pelosi, then the Speaker of the House. These briefings were secretive. Often, cell phones and Blackberrys had to be surrendered outside the room to avoid leaks. What Bachus and his colleagues heard behind closed doors was stunning. As Paulson recounts, "Ben [Bernanke] emphasized how the financial crisis could spill into the real economy. As stocks dropped perhaps a further 20 percent, General Motors would go bankrupt, and unemployment would rise . . . if we did nothing." The members of Congress around the table were, in Paulson's words, "ashen-faced." Bernanke continued, "It is a matter of days before there is a meltdown in the global financial system." Bachus was among those who spoke. According to Paulson, he suggested recapitalizing the banks by buying shares. The meeting broke up. The next day, September 19, Congressman Bachus bought contract options on Proshares Ultra-Short QQQ, an index fund that seeks results that are 200% of the inverse of the Nasdaq 100 index. In other words, he was shorting the market. It was an inexpensive way to bet that the market would fall. He bought options for $7,846 on a day when the Dow Jones Industrial Average opened at 8,604. A few days later, on September 23, after the market had indeed fallen, he sold the options for over $13,000 and nearly doubled his money. old again but i can't stop reading about it.

11-27-2011, 11:05 AM	#7
SoNotHer Senior Member How Do You Identify?: Professional Sandbagger and Jenga Zumba Instructor Join Date: Sep 2011 Location: In the master control room of my world domination dreams Posts: 2,811 My Photo Gallery Thanks: 6,587 Thanked 4,734 Times in 1,409 Posts Rep Power: 21474852	I am sorry I don't live in Mass. to vote for her. I always find her inspiring and genuine, and now that she's in Karl Rove's crosshairs, I find her even more so and more essential than ever. https://secure.actblue.com/entity/fu...tblue_homepage