The Occupy Oakland movement is on the march or on the Chase.
It looks like my Independence Day movie analogy describing the Occupy protesters may be closer to the truth then I thought. The Occupy movements around the country for the most part have been confined to their tent cities away from businesses and retail areas. Well now it looks like the occupy movement is no longer content with being isolated in just one place.The Occupy Oakland folks decided to take a little trip to a Chase Bank in Oakland. They weren't there to open a checking account in order to get a free toaster.
I'm sure Chase Bank is going to shut down their Oakland branch because of the actions of these protesters, NOT!! I can only imagine what the black lady sitting in the chair was thinking, when she saw those rejects coming through the door. The social rejects need to do some more research. JP Morgan Chase wasn't bailed out. They actually bailed out the brokerage firm Bear Sterns. Oh well, at least the grown up kids felt like their voices were being heard. So will this be the next phase of the Occupy moment, going into banks to protest? As the news cycle continues, the Occupy group gets less and less attention. So will they go to even more extremes in order to regain the headlines?
I'm sure Chase Bank is going to shut down their Oakland branch because of the actions of these protesters, NOT!! I can only imagine what the black lady sitting in the chair was thinking, when she saw those rejects coming through the door. The social rejects need to do some more research. JP Morgan Chase wasn't bailed out. They actually bailed out the brokerage firm Bear Sterns. Oh well, at least the grown up kids felt like their voices were being heard. So will this be the next phase of the Occupy moment, going into banks to protest? As the news cycle continues, the Occupy group gets less and less attention. So will they go to even more extremes in order to regain the headlines?
posted by Alpha Conservative Male at 12:57 PM
16 Comments:
The video is gone. You know i wonder if there is something afoot here. This is not the first time a OWS video has been removed.
I found another video. They can't hide the truth.
CB;"The social rejects need to do some more research. JP Morgan Chase wasn't bailed out. They actually bailed out the brokerage firm Bear Sterns".
Huhhh? Who told you that? Or, are you attempting to re-write history? Perhaps I should just give you the benefit of the doubt and assume you just "worded that statement incorrectly." Either way that statement "demands" a retraction, an immediate correction and a follow-up explanation.
Out of 926 bailout recipients, JP Morgan Chase is 7th on the list, receiving $25 billion in bailout cash.
Bear Stearns was in bad shape as far back as 2006. In 2008 the New York Fed extended credit to Bear Stearns through JPMorgan Chase Bank. JPMorgan eventually bought Bear Stearns, for pennies on the dollar. After the purchase JPMorgan stopped using the Bear Stearns name in connection with any of their subsidiaries.
-"social rejects need to do some more research"
-Alpha Conservative Male-
p allen "Perhaps I should just give you the benefit of the doubt and assume you just "worded that statement incorrectly." Either way that statement "demands" a retraction, an immediate correction and a follow-up explanation."
Nah that's ok allen.
This is where you get off your high horse and hide back into your hole
CEO Jammie Dimon of JP Morgan Chase "“We accepted TARP funding because we believed it was in the best interests of our financial system and our country, even though our company did not need the capital,” he said in the memo.” But now as markets have begun to stabilize, we believe that it is best for strong and well-capitalized institutions like ours to pay back these funds early to the hard-working American taxpayers whose money was used by TARP".
I'm sorry allen, did you say something about my statements needing "a retraction, an immediate correction and a follow-up explanation"? So it would appear that the Occupy folks were indeed clueless when they protested in that Chase branch in that fact that JP Morgan was FORCED into taking the Tarp Money by Hank Paulson and that Chase didn't need the money. That would include even you allen.
CB;"JP Morgan was FORCED into taking the Tarp Money".
Negro PUH-LEEEEEEZE!
INITIALLY you said; "JP Morgan Chase wasn't bailed out. They actually bailed out the brokerage firm Bear Sterns". If that were the gist of your statement, why did you leave such pertinent information out? That's like you explaining the horror of your house burning down and you lost everything. Yet, you neglect to say that "you purposely started the fire!"
First off, JPMorgan Chase "DID NOT" bailout Bear Stearns, Chase "bought them" AND FOR CHEAP! And, rather if Chase were forced or not (which is something you did not initially write) the fact still remains they got bailout money! The smart question in response should be "WHY" they were forced, and why did they take it? But that's an entirely different conversation.
The "FACT" is JPMorgan Chase did take TARP bailout money....FACT! Your "not so sneaky way" of saying that Chase wasn't bailed out, was the impetus of your "misinformed social reject" comments. The protesters are "RIGHT"! JPMorgan chase took bailout money, and we the people got nothing.
The "FACT" is Bear Stearns "WAS NOT" bailed out by JPMorgan Chase....FACT!
Can you honestly and truthfully say, or even imply that JPMorgan Chase "did not" take any Tarp money? Can you honestly and truthfully say, or even imply that Bear Stearns was bailed out by Chase?. In the words of Speaker Boehner, HELL NO YOU CAN'T!
You're using the worse type of propaganda tactics Tyrone. It's called Card Stacking. "Card stacking is the most difficult technique to detect because it does not provide all of the information necessary for the audience to make an informed decision. The audience must decide what is missing".
If your conservative readers are dumb enough to allow you to make such misleading statements without question, they will believe you no matter what you say. As I've told you many times before, I'm here for an honest debate. When you don't debate honestly I'm going to point it out.
CB;"Make no mistake, these people in the Occupy movement are FLEAS..
(F)ree
(L)oading
(E)nenemies of
(A)merica".
I defy you to find any post that I have made on your blog, or anywhere else, where I've referred to the Tea Party in such a way. Mind you, on many occasions I've stated that "radical racist factions" exist within an have in many area's of the country co-opted the Tea Party movement.
I've called conservatives "stupid, ignorant, misguided, patsy, dumb, flaky, dimwits," etc... But I would never stoop so low to refer to any opposition group as being "less than human." (a.k.a. FLEAS and PIGGIES).
"Name Calling: Propagandists use this technique to create fear and arouse prejudice by using negative words (bad names) to create an unfavorable opinion or hatred against a group, beliefs, ideas or institutions they would have us denounce".
Did you lose my previous response to your, "This is where you get off your high horse and hide back into your hole", comments?
In case you did, the FACTS still remain that JPMorgan took bailout cash, and Bear Stearns was not bailed out by JPMorgan Chase. You did not mentioned initially that Chase was forced by the Fed to take the funds. However, it doesn't matter. Chase took TARP bailout funds, which contradicts your claim.
Propaganda only works when people don't think inquisitively, accept what they hear, and don't ask questions....
p allen "INITIALLY you said; "JP Morgan Chase wasn't bailed out. They actually bailed out the brokerage firm Bear Sterns". If that were the gist of your statement, why did you leave such pertinent information out? That's like you explaining the horror of your house burning down and you lost everything. Yet, you neglect to say that "you purposely started the fire!"
Take the QTIP, insert it in your ears and proceed to twist it around in a circular motion. Answer this question please. Why was the Treasury Department involved in the helping JP Morgan buy Bear Sterns? Is Bear Stern still in business? If JP Morgan with the assistance of the Treasury Department didn't step in and buy Bear Sterns, would they have stayed in business or have gone the way Lehman Brothers? You can't twist reality. As for JP Morgan itself. It WASN'T bailed out. Unless you can provide some evidence that the CEO of JP Morgan requested to be bailed out. You have nothing. I PROVIDED THE EVIDENCE THAT JPMORGAN CHASE WAS FORCED to take the money.
p allen "First off, JPMorgan Chase "DID NOT" bailout Bear Stearns, Chase "bought them" AND FOR CHEAP!
Why was JP Morgan able to buy Bear Sterns so cheaply allen? Why was the Treasury Department orchestrating the sale? Do you research allen. Lehman Brothers tried to save itself by putting itself up for sale to Barcleys, but the deal fell through at the last minute, and Lehman was forced to file for bankruptcy instead. I can tell you don't know much about Wall Street just like those protesters. The execs at Enron approached Dynergy a few weeks before they went bankrupt in an attempt to sell Enron to Dynergty, the deal fell through because of the shady accounting and debt Enron had. The bottom line is that companies on financially shaky ground do try to sell themselves to other companies. It's called a "strategic alternative"
p allen "The "FACT" is JPMorgan Chase did take TARP bailout money....FACT! Your "not so sneaky way" of saying that Chase wasn't bailed out, was the impetus of your "misinformed social reject" comments. The protesters are "RIGHT"! JPMorgan chase took bailout money, and we the people got nothing."
Did you read the goverment's own words allen? Henry Paulson forced JP Morgan to take the money. You can spin it however you like. If someone holds a gun to yourhead and tell you you better take this money or else, what are you going to do?It would have been suicide for Jamie Dimon to try and go against the Secretary of the Treasury. You and the ding bat protesters are leaving out the facat that the money that JP Morgan was FORCED to take was PAID BACK WITH INTEREST! I am curious though. Why aren't the protesters and you bitching about the BAILOUT that General Motors and Chrysler received? Unlike with JP Morgan, public money still flows through the veins of those two companies. Until I see some protests in Detroit about the big two bail outs, I'm going t laugh this off as a joke.
Here's another thing the media is hiding about the "Occupy" movement. Apparently it was okay for the media to smear the Tea Party as racist without any proof, but would they show the "Occupy" movement proof of anti-Semitism? Nope. Not going to happen . . .
MRC Demands Networks Report Proof of Anti-Semitism at Occupy Wall Street Protests
Clearly these Occupy Wall Street people are living in dreamland.
http://www.realclearpolitics.com/video/2011/10/26/peter_schiff_takes_on_occupy_wall_street_protesters.html
Anyone who thinks Schiff is full of it needs there head examined.
I had to giggle at this one. More OWS madness.
http://www.nypost.com/p/news/local/manhattan/they_want_lice_of_the_occu_pie_9xKCxcI4aectFYkafMb8UJ
http://www.realclearpolitics.com/video/2011/10/20/coulter_on_occupation_wall_street_democrats_like_mob_uprisings.html
CB;"Answer this question please. Why was the Treasury Department involved in the helping JP Morgan buy Bear Sterns?".
Great start Tyrone! Just about the outset of this conversation I told you this;
"The smart question in response should be "WHY" they were forced, and why did they take it? But that's an entirely different conversation".
Chase claim that they were "forced." Have you ever stopped to think why would the Fed would force an American multinational banking corporation of securities, investments and retail, to take billions of dollars...tax payer dollars?
Never mind all the squawk about "stress testing" and "forward-looking economic assessments." In simple, no frills layman terms, THE FED AND THE BANKS PLAYED FAST AND LOOSE WITH TAX DOLLARS AND THE ENTIRE ECONOMY!
"The Fed has finally came clean. It now admits it bailed out Bear Stearns -- taking on tens of billions of dollars of the bank's bad loans -- in order to smooth Bear Stearns' takeover by JP Morgan Chase".
-Robert Reich- April 2010.
But back in October 2008, New York Times reporter, Joe Nocero found that JP Morgan Chase took the $25 billion with no intention to use the money to make new loans but, instead use it to take over other companies.
So do you really believe that JP Morgan Chase is innocent in all of this?
Let's say a number of people in your neighborhood have lost or are losing their homes. But you're doing fine and have plenty of assets and funds on hand. Now say the local government forced you to take a charity handout that you didn't need. So, you take that handout and buy your neighbors houses "for pennies on the dollar", so now they must pay you or get out of your property.
Other than the charity, neighbors, and you having plenty of assets, that's exactly what JP Morgan Chase and the Fed did!!! No matter how much you desire to vilify these protesters, you cannot claim that JP Morgan did not take bailout money... THEY DID!!
CB;"If someone holds a gun to yourhead and tell you you better take this money or else, what are you going to do?It would have been suicide for Jamie Dimon to try and go against the Secretary of the Treasury".
What a stupid statement Tyrone. Let me ask you this. When was the last time you heard a news report, or any instance of someone having a gun held on them to be "given money???" The real stupid part is that you didn't even question why a bank (or anyone) would have to be forced to take a $25 BILLION!!!!!
CB;"Why aren't the protesters and you bitching about the BAILOUT that General Motors and Chrysler received? Until I see some protests in Detroit about the big two bail outs, I'm going t laugh this off as a joke".
The auto companies employ hundreds of thousands of "unionized workers." Why would these workers protest something thats in their own interest? That's something tea baggers do, not hard working auto workers. The auto companies "needed" the bailouts. The auto companies didn't manipulate markets, conspire with the Fed or take bailout money under false pretenses.
Sometimes Tyrone you just say things in an attempt at a clever response, which ultimately proves nothing....
Eddie;"Anyone who thinks Schiff is full of it needs there head examined".
Wow! Peter Schiff pays half of his income to the government? He's got to be the "dumbest millionaire on the planet"!!!!
Wait a minute... something is rotten in Denmark! The top personal income tax rate for a U.S. citizen is 35 percent. Why would Schiff ask those people;
Schiff:"What percent of my income would be fair?".
He goes on to tell them; "I am giving the government half of what I earn".
Some one please show me how Schiff pays "half of what he earns" to the government. Schiff is a C.E.O. and an investor. He doesn't own, nor is he a corporation. Explain why he doesn't need his head examined... (or why he would tell such a lie)
The Democrats are stuck between a rock and a hard place. Support the "movement" in hopes it energizes voters for 2012 in Obama's favor, or distance themselves from the OWS morons and Obama's chances of winning re-election are nil.
America is sick of these azz holes. I hope he chooses to support them.
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