Fuck Wall St.

[chlamor]

Tell me again what is it exactly that Wall St. produces other than predatory loans, global financial schemes and more wealth for the already wealthy?

Why is it so impossible for people to imagine a world without Wall St.?

I'll trust a greasy carny any day over those well-heeled slime balls on the trading floor.

I repeat- Fuck Wall St.

[madeupname452]

i approve this message.
Also Fuck the city of London.

[IanEye]

I repeat- Fuck Wall St.

spoken like a true Republican.

[chlamor]

spoken like a true Republican.

Hope your investments in the criminal money scheme disappear overnight.

Are you a heavily invested khaki-clad DemoPublican?

I do enjoy watching the smarmy apologists for the financiers of global plunder as they squirm with the decline of the Hollow Empire. You are one of those.

[freemason9]

spoken like a true Republican.

Hope your investments in the criminal money scheme disappear overnight.

Are you a heavily invested khaki-clad DemoPublican?

I do enjoy watching the smarmy apologists for the financiers of global plunder as they squirm with the decline of the Hollow Empire. You are one of those.

I hate this, I completely hate it. This is twice in a week that I'm in complete agreement with Chlamor.

Making money from moving money is exactly how capitalism destroys itself. Marx wrote about this long, long ago, and he predicted it exactly.

I'm not saying he had the answers, but he certainly knew the questions.

[IanEye]

Hope your investments in the criminal money scheme disappear overnight.

Are you a heavily invested khaki-clad DemoPublican?

I do enjoy watching the smarmy apologists for the financiers of global plunder as they squirm with the decline of the Hollow Empire. You are one of those.

now, now, cry baby, fingerpointing temper tantrums won't get legislation accomplished will they?

[chlamor]

now, now, cry baby, fingerpointing temper tantrums won't get legislation accomplished will they?

It's pretty obvious you are a pro big business scumbag. you are just a twit who echoes the corporatespeak mantra.

And of course if you had a hint of intelligence or political acumen you would know that Wall St. writes that legislation that you want "accomplished."

Well it is you who is connected with the figures you portray in your infantile posts just as The Dems are connected at the hips with the RePubs. Little diff.

If you haven't learned this by now you are hopeless.

[SonOfKitty]

I agree. Fuck wall street and fuck EVERY politician and pundit who tell us that this must be done quickly.

A Responsible Plan to Pay for Recovery: $900 Billion in New Revenue
Below is our 10-point program to pay for this broader bailout. This plan would generate $900 billion a year until the costs of the bailout and stimulus program are paid for.
1. A Securities Transaction Tax: $100 Billion
A fair plan to pay for the bailout should include a modest financial transaction tax on the buying and selling of stock and other financial products. A penny on every $4 invested would generate $100 billion a year. Other European countries already tax stock transactions, and these transaction taxes effectively discourage speculation.
2. A Wealth Tax Surcharge on Households with $10 Million: $300 billion
Congress should institute a modest wealth tax surcharge on households with a net worth of more than $10 million. These households currently own and control more than 20 percent of the nation's private wealth. They have realized huge gains from the manipulation of capital markets and the asset bubbles that created the current crisis. A modest surcharge -- no more than 3 percent -- could generate more than $300 billion.
3. A Corporate Minimum Income Tax: $60 Billion
In August, the Government Accountability Office reported that two-thirds of U.S. corporations paid no income taxes between 1998 and 2005. These corporations paid nothing toward our shared expenses of defense, environmental protection, public health and education. Ordinary taxpayers should not be left holding this bag. A minimum corporate income tax should contribute toward the bailout.
4. A "Disgorgement" Recovery From Profligate CEOs: $40 Billion
Until several weeks ago, top CEOs and managers were collecting massive salaries and fees while they told the rest of us that "everything is fine." These CEOs gorged themselves and have taken the money and run. The four biggest investment banks on Wall Street shelled out $30 billion in bonuses last year. One of them, Lehman Brothers, has just gone under. Another, Bear Stearns, was bailed out earlier this year. To help pay for recovery, the new Treasury authority should seek the payback of executive compensation inappropriately extracted in the years before the Wall Street meltdown.
5. An Income Tax Surcharge on Incomes Over $5 Million: $105 Billion
A portion of the bailout cost should be financed with an emergency income tax surcharge on incomes over $5 million. Wealthy investors have been the big winners in the unregulated bubble economy. They have watched their incomes skyrocket over the last 25 years. Meanwhile, President George W. Bush has cut their taxes for seven years. Instituting a 50 percent tax rate on income over $5 million and a 70 percent rate on income over $10 million would generate $105 billion a year until the bailout is paid for.
6. An End to Overseas Corporate Tax Havens: $100 Billion
Congress should close down corporate tax havens that allow corporations to game the system and cut their taxes, sometimes to zero. This step would generate $100 billion from profitable companies that have paid no taxes over the last decade.
7. The Elimination of Subsidies for Excessive CEO Pay: $20 Billion
As taxpayers, we subsidize excessive CEO pay, through a host of tax loopholes, to the tune of $20 billion a year. Congress should close these loopholes, including the accounting gimmicks that permit companies to report one set of earnings to shareholders and a different, lower number to Uncle Sam.
8. The Elimination of the Tax Preference for Capital Gains: $95 Billion
The mega-windfalls that Wall Street executives have pocketed over recent years will be generating additional income, in the form of dividends and capital games, for years to come. Under current tax law, dividend and capital gains income faces a mere 15 percent tax rate, while income from actual work can be taxed at rates up to 35 percent. Taxing wealth and work at the same rates would generate $95 billion a year in revenue.
9. A Progressive Inheritance Tax: $60 Billion
In the near future, the moguls of the past quarter-century will be passing off the scene and leaving behind dynastic-size fortunes. A portion of this wealth should be taxed. A progressive estate tax on estates over $2 million -- $4 million for a couple -- could generate $60 billion a year in the short term and much more in outlying decades.
10. The Elimination of the Mansion Subsidy: $20 Billion
Wealthy taxpayers can currently deduct their mansion mortgage interest off their taxes. The richest 2 percent of U.S. households do not need to be subsidized by American taxpayers. Capping the home mortgage interest deduction on that portion of mortgage payments that exceeds $200,000 per year would generate $20 billion a year.

[Hugh Manatee Wins]

Kicking the thread title.


Anyone notice that a small group of male elites - Wall Street, generals, and spooks...broke the planet...in a few decades?

Shh. Don't tell the kidz.
Lets all just scoff at 'Desperate Housewives' on this week's cover of TV Guide.

Hey-ya wouldn't want these bimbos trying to run the world, right?
Naw. Leave it to male elites.

Typical CIA-media damage control for Male Authority culture--

The Desperate Housewives stars pose together for the first time on a magazine cover since season 1… and naturally TV Guide was the way to go!

“The idea for the five-year jump on Desperate Housewives really came from the executive producers of Lost,” show creator and executive producer Marc Cherry.

[Uncle $cam]

[Col. Quisp]

ha, I like that sign. One of them apparently did jump in front of a subway train this week in London, was it?

This whole mess is really depressing me. I know that there's something going on that we aren't seeing and it's just driving me nuts.

I'll go out on a ledge and say I think the ultimate goal is to kill off a lot of people so the world might have a chance of not becoming an inferno. hasn't that been the plan all along?

Overpopulation is depriving the rich of their playground so now it's time to clear the playing field.

Or I could just be a KOOK

Remember dbeach, that guy who used to say "Bush eats loosh?" whatever happened to him...I miss him.

[Hugh Manatee Wins]

ha, I like that sign. One of them apparently did jump in front of a subway train this week in London, was it?

The number of people living in despair and agony around the world because of these assholes would overshadow a ritual mass suicide by Wall Street.

I'll go out on a ledge

DON'T DO IT!

and say

Oh, whew.

I think the ultimate goal is to kill off a lot of people so the world might have a chance of not becoming an inferno. hasn't that been the plan all along?

I think it's a little more complex than that. Things have evolved.

Militarism and the social engineering to support it has now metastisized into pre-emptive negligence to achieve plausibly deniable eugenics.

Overpopulation is depriving the rich of their playground so now it's time to clear the playing field.

The rich are getting what they've always got. But now that they broke the planet and things are going to get weird and unpredictable, they are hinky and circling the wagons.

Remember dbeach, that guy who used to say "Bush eats loosh?" whatever happened to him...I miss him.

I remember dbeach. I miss him, too. Had some great cogent lines.

[anothershamus]

chlamor said:

I do enjoy watching the smarmy apologists for the financiers of global plunder as they squirm with the decline of the Hollow Empire.

The decline of the hollow empire that they created out of moving electrons around and calling it buying and selling.

Does anyone know if they even use any kind of real paper even for the printing of bonds for this 700 billion$ or is it just electronically created? (I thought it was electronically created but now I wonder).

Apparently Polson just pulled the number (700 billion) out of his ass. They needed a number and they thought it should be a big number and he just made it up.

NONE OF THESE GUYS KNOW WHAT IS GOING TO HAPPEN!

[mentalgongfu2]

Apparently Polson just pulled the number (700 billion) out of his ass. They needed a number and they thought it should be a big number and he just made it up.

somewhere in one of the RI threads on this economic collapse, I'm pretty sure I saw something about Lehman brothers and 690 billion dollars. might be a correlation there. no time to search right now.

[barracuda]

These guys don't just pull numbers from a hat. The $700 v. large is the estimated federal budget deficit for 2009 that this bill was supposed to cover by allowing the primary dealers to purchase that amount of US Treasury securities and keep the government running for the next year. After this year's half-a-trillion dollar deficit, things got kinda sketchy for '09.

Back OT, yeah, fuck Wall Street. Anybody who couldn't see a crash coming from a year or so ago wasn't really paying attention.