Help change the global crisis!
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  1. #1
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    Default Help change the global crisis!

    Can you spare 3minutes of your time?

    http://www.robinhoodtax.org.uk/

    Visit the above link where it explains all!

    If you think its a good idea like I do then help raise awareness, spread this to anyone and everyone.


  2. #2
    Tech Guru space monkey's Avatar
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    Sorry voted no. Paid actors depicting evil bankers don't provide a full picture of the reality and seems nothing more than propaganda to vilify financial institutions.

    Don't forget bailouts were paid with YOUR money by your government who took from you. Don't blame the banks when they were practically forced to take funds and (at least in the States) forced to provide loans to people who had no business receiving one. All of this economic strife was born from a real estate "spread the wealth" Ponzi scheme forged by progressives in the 60s. Everyone who knew what the heck was going on saw this years ago.

  3. #3
    Jack Bastard
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    Quote Originally Posted by space monkey View Post
    All of this economic strife was born from a real estate "spread the wealth" Ponzi scheme forged by progressives in the 60s.
    That's an intriguing statement, care to elaborate?

  4. #4
    Tech Guru space monkey's Avatar
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    Do a search and read about the historical evolution of the Community Reinvestment Act 1977. The act basically submitted banks who were Federally Insured (FDIC) to evaluation whether or not they met needs of the community for which they were chartered. No room for corruption in this system for sure. /sarcasm Also note the key persons involved in getting the act into law (especially Chicago) who were/are redistributive wealth action groups. Every time we get some sort of broad-reaching socialist policy it ends in disaster. I don't mean police and firemen, roads but Health Care, Social Security and Financial Reform.

    EDIT:
    I hate posting YouTube silliness but look at the date and person in this video: I remember this when it was going on but the Feds "assessed" a Texas bank that probably didn't have the correct political affiliation and forced them to give money.

    http://www.youtube.com/watch?v=ivmL-lXNy64
    Last edited by space monkey; 10-21-2010 at 11:10 AM.

  5. #5
    Jack Bastard
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    I don't see what that has to do with Wall Street casino-style banking? It wasn't the Main Street arms of the banks who caused this problem.


  6. #6
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    Why does everyone always target the banks and the bankers? Its like if your a banker your automatically perceived as a tosser.

  7. #7
    Jack Bastard
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    Quote Originally Posted by giorgio1712 View Post
    Why does everyone always target the banks and the bankers? Its like if your a banker your automatically perceived as a tosser.
    Maybe because it was their choices and actions that have led us to our current economic woes? It's understandable and entirely right that they should pay a price for their mistakes.

  8. #8
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    Quote Originally Posted by Jack Bastard View Post
    Maybe because it was their choices and actions that have led us to our current economic woes? It's understandable and entirely right that they should pay a price for their mistakes.
    +1

  9. #9
    Tech Guru space monkey's Avatar
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    Quote Originally Posted by Jack Bastard View Post
    Maybe because it was their choices and actions that have led us to our current economic woes? It's understandable and entirely right that they should pay a price for their mistakes.
    That's the rub, it wasn't their choice but the slow and constant needling by grass roots and top-down (Fed) activists to force small/medium regional banks to give money to poor people that caused this problem. Eventually our Fed tried to distribute the troubled assets into Fannie adn Freddie but it was doomed. Obama admits it and it is clear that our depressed real estate market was caused by "fair" theory that has no place in free markets.

  10. #10
    Tech Guru space monkey's Avatar
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    Quote Originally Posted by Jack Bastard View Post
    I don't see what that has to do with Wall Street casino-style banking? It wasn't the Main Street arms of the banks who caused this problem.

    OK what do you mean by casino-style banking. Do yo have any idea what you are talking about?

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