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sportyguy33

For all the OWS Haters

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212

 

Really? they enforced park rules...that dumb **** doesn't even know she was in a privately held park, and it was only when dirty hippies like her started impacting the rest of society through their filth and squalor that they had to be removed for a 2 month wash down

 

 

 

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Originally Posted by fish'nmagician View Post

 

 

and the banks gov't mandated "affordable housing policies" and extremely low interest rates gave us a financial meltdown,

 

 

 

advantage to the hippies.

 

FIFY

 

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Originally Posted by sportyguy33 View Post

 

212

 

 

 

 

 

 

 

That's perfectly on par with the whole idiotic OWS fleabagger movement, they have absolutely no damn clue what they are talking about. I'm sure there are rules about making terroristic threats, murder, rape, statutory rape, pedophilia, public masturbation, drug use, indecent  exposure, squatting, all kinds of stuff they've been exceptionally lax on for months now with these filthy, stupid, disgusting ignorant pieces of **** at these little OWS crime scenes. 

 

 

 

This thread would be in contention for SOL stupid thread of the decade if there weren't a whole littany of other stupid pro-OWS threads ahead of it. 

 

 

 

These people are stupid trash and deserve every drop of pepper spray shot into their eyes. They should get it via IV. 

 

 

 

 

 

 

 

 

 

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That's perfectly on par with the whole idiotic OWS fleabagger movement, they have absolutely no damn clue what they are talking about. I'm sure there are rules about making terroristic threats, murder, rape, statutory rape, pedophilia, public masturbation, drug use, indecent  exposure, squatting, all kinds of stuff they've been exceptionally lax on for months now with these filthy, stupid, disgusting ignorant pieces of **** at these little OWS crime scenes. 

 

 

This thread would be in contention for SOL stupid thread of the decade if there weren't a whole littany of other stupid pro-OWS threads ahead of it. 

 

These people are stupid trash and deserve every drop of pepper spray shot into their eyes. They should get it via IV. 

 

 

 

 

 

 

^^^^^LOL (and right on the money)

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Really? they enforced park rules...that dumb **** doesn't even know she was in a privately held park, and it was only when dirty hippies like her started impacting the rest of society through their filth and squalor that they had to be removed for a 2 month wash down

 

the owners of that park cut a deal with the city that requires them to make that park open to the public.

 

 

the park rules apply to the public

 

 

it's not a private park

 

 

 

 

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Originally Posted by NS Mike D View Post

 

the owners of that park cut a deal with the city that requires them to make that park open to the public.

 

the park rules apply to the public

 

it's not a private park

 

Zuccotti Park is privately owned. 

 

 

 

I'm sure rape, terrorism, public defecation, drug use, public masturbation, squatting, camping, etc. Is not legal there, but had been allowed to go on despite being illegal, for quite some time, thereby making the comment in the pic in the OP absolutely stupid, and representative of the flat out ignorance and stupidity of the entire OWS movement and everyone who condones/supports the movement. 

 

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the owners of that park cut a deal with the city that requires them to make that park open to the public.

the park rules apply to the public

it's not a private park

 

not sure what you are talking about again mike...because if you mean NYC park rules, well NYC public parks are not open at night, that is a private park which is the only reason those dirty hippies were allowed to stay as long as they did

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not sure what you are talking about again mike...because if you mean NYC park rules, well NYC public parks are not open at night, that is a private park which is the only reason those dirty hippies were allowed to stay as long as they did

 

Reg got you by the short hairs Mikey. NYC Park rules are strict and do no allow over night camping, muchl ess than public defication, sexual attacks and drumming and other noise after 11 pm.

 

The few who are running the scam are making money and the rest are just "cannon fodder". Usefull idiots who take the beat downs and the arrests, whilst the "In Crew" collect the donations and rent $1,000 buck a nigh accomodations up town.

 

It is all a scam Mike. You have been rolled and used, if you believe the OWS groupies are anything but pawns in the political game to move Obama towards a second term you are not as smart As I thought you were..

 

About time Y'all started thinking in ABO terms.

 

 

 

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212

 

The wheel on mis-information is in full spin. This is an example of 3 main players (one who made the mis-informing sign, one who took it's picture (no caption placed here if there was one... see parsing), and one posting the pic with a suggestive title.

 

Let's start with the poster mis-info. As pointed out, the banks were being heavily regulated to loan money to those who couldn't afford to pay it back.

For those who may not have been politically aware when the seeds were sown, a quick history lesson. It was a time when a hot US economy was slowing down. Home construction was was slowing as well, due to the fact that the "American Dream" was incredibly successful. Most everyone who could afford a home and wanted one had one. The home market was filled. Enter Congressman Barney Frank and a gamble of an idea. He looked at the untapped market of the lower economic class renters. His political groups thoughts were that these working people could be part of the "American Dream" if they could just get access to cash. The way to do that was to provide sub-prime loans to purchase a home which would increase in value. That increase could provide cash when they sold the home. So, if sub-prime loans could be provided for 2~4 years, the home could be sold before the prime or above prime part of the loan was due. To have their desired effect, lending groups would be forced to make a percentage of all their loans to people who couldn't afford a "normal" prime rate loan. This idea was sold on a slogan of people who own homes are more likely to take care of them than renters would. Apartments became condos. Public housing was made available for purchase by it's tenants. The targeted group were ushered to these loans on slogans of "You can own your home for the same amount as you're paying in rent" and some didn't even have to move (YET!).

 

Anyone can see the potential problems with this idea, now, but this did re-heat the economy. However, 3 key parts of this idea were never reinforced. First, what happens in 2~4 years into the loan terms. People's income may increase to cover the new costs of the loan ... as well as the additional maintenance costs of owning a home. Many renters don't understand that they no longer have a landlord to call when something broke. They were financially responsible for it's repair. Unfortunately, most sub-primer's income would not increase to cover all of these expenses. This meant selling their home and moving. Here's where reality takes it's bite. Let's say the bought a home for $100,000 (market value). Two years later, they sell it for $115,000 (market value), a profit of $15,000 in their pocket ... and no home. In con. Franks mind, they could afford a home of $100,000 with $15,000 in the bank. Or, at least, be $15,000 in the bank renter. Problem is, the marketplace made sure there were no longer homes available for $100,000. Back then, home values were increasing at 20% a year or 1.6% a month. I know, it was the climate we bought a home. Again, 1 of the 3 key problems was no one was instructing the sub-primers that theirs was really a 2-4 year term stay in a home. Move out at the end.

Who's responsibility was it to tell them?

Enter key problem #2. Home building. Con. Frank neglected, forgot, ignored the considerations of developers. That went something like this: banks, forced by gov regulations, were making ridiculous loans available. The profit developers could make were much higher on larger homes. So, why would they build starter, affordable homes? They didn't. No 2~3 bedroom homes built when 4~5 bedroom homes sold just as easy. The money was there and ... if you were gambling on this sub-prime idea, a buyer could double their $15,000 profit over buying a starter home. It was a win (gov), win (sub-primer), win (developer) deal. What's not to like!!

 

Key #3. Did I fail to mention the loser, the note holder? They could see the problem. The very nature of the problem ... loaning money to people who can't afford to pay it back. They were between a rock (risk in these loans) and a hard place ( the Federal government pushing them to do so). But, they had an out. Bundling notes. These high risk, low profit (see: bad) loans could be attached to other, more valuable notes and sold. Sold worldwide, spreading the disease, if you will.

 

So what happened? Sub-primers couldn't down scale their homes (buying a starter 2-3 bedroom home [which weren't built] and were foreclosed. Banks now holding upside down mortgages. Developers, some fat, but without a market to satisfy, and worldwide upside down note. Some developers now sit on completed projects with no buyers. Government having to deal with a mess. Gov did what they have learned to do the best ... becoming a sub-prime borrower.

And, the Winner? Barney Frank!! Who still remains loved by his Cape Cod constituents and building his Washington power. No leave Washington in disgrace. His idea, but, apparently, NOT his responsibility to warn for the problems, even while it was happening, even as he sat on Fanny Mae's oversight board. Barney Frank, who said there was no problem as late a 2 weeks before FM declared insolvency.

Just goes to show everyone that knowing what to do or admitting leading in the wrong direction is not in a politician's job description.

 

It's sad. The saddest part of all of this is not that it happened. It's that the US's form of governing does not include informing it's people of all the facts.

Thus, this sign, being held by someone not old enough to have lived or be part of how we got here.

OWS is an action without full knowledge of history, but big on ridiculous ideas for the future. Their anger would be better targeted at those who are misinforming/ hiding all the facts. The media is good at that. So, too, are the entities of higher education.

 

Let's not have SOL become part of this problem, too.

Our society put the onus on everyone to ask questions. Buyer Beware ... including the person holding the sign, the sub-primer and the politician. Were all buying in on ideas. Single source info is considered incomplete questioning, even by the media.

 

Have you googled "The Ascent of Money"?

 

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