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harry harry is offline
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Default OT Wall street occupation.

On Oct 18, 6:58*pm, wrote:
On Tue, 18 Oct 2011 10:00:10 -0700 (PDT), harry
wrote:

On Oct 18, 5:02*pm, BobR wrote:


But their future have been stolen. *That's their complaint.
Theeconomy has been looted with the connivance of politicians and the
"investment banks".


The economy was not as much "looted" as it was artificially inflated
with easy money and subsequently that bubble popped.
The "trillions" that disappeared from the economy never really existed
in the first place. There were 20 years of bad political decisions
that led up to that. There is plenty of blame to spread around. Wall
Street was just doing what the government told them to do. Create a
booming housing market among buyers who were too broke to actually
afford houses.. It was the government that operated Fannie, Freddie,
The Federal Reserve and who repealed virtually all of the New Deal
regulation. You could not have had the derivatives without the CFMA of
2000.


What you are talking about is the difference between money and wealth.
It has been looted to the extent that what was once general wealth has
been transferred to the pockets of the rich by means of the housing
scam and the fraudulent sale of worthless financial products.
With malice aforethought I think you call it over there.
Collusion between a crooked political system and the "financial
industry"