"TurnRightThenLeft", wrote Friday, 14 October 2011 6:17:06 PM:

> Most of you are probably aware that a protest movement is taking place in the US ... Occupy Wall Street movement ...

Professor McKenzie Wark, from the New School NY, will speak on the implications of the Occupy Wall Street movement in "From thought as an occupation to some thoughts on the occupation" at the University of Sydney 6pm, 18 October 2011 and at the University of Canberra, 11am 19 October 2011 (Room 2B02): http://blog.tomw.net.au/2011/10/theory-of-web-enhanced-protest.html

Oh Rawmustard, if only the whole Wall St saga was as simple as press
headlines made it to be, I would completely agree with you. The
devil as always, lies in the many details.

Even our banks have packaged up housing loans into derivatives,
its quite a legal process and common. The problem was in the ratings,
not the fact of cdos being sold.

The biggest bail out went to AIG, an insurance company. Because the
Govt knew if they went down, so would the 401K pension plans of millions of Americans.

In the end the Govt and Fed faced a simple reality, print money
or face a global depression. They took the easy option.

Fact is most investors in the investment banks and some of the
retail banks, lost their shirts, including many employees, many
also lost their jobs. Most of the bank loans were repaid, with a
profit to the US treasury. The GFC was a culmination of many
things including unions pushing GM over the wall, which sent them
bankrupt. The Govt did not bail out GM to save shareholders, who
lost their shirts, but to save millions of jobs.

The whole notion of "too big to fail", is that the damage is so
large, that workers and the economy will be the big losers, if
the whole thing plays out. Would you have preferred a global
depression?

TRTL,

These protests are a joke, and have the weight and impact of a feather.

I saw a pedestrian yesterday walk past and throw them a few coins. Message not received!

The greedy corporates are no different from the deceitful left who fill thousands of tax payer jobs. Look at our current climate change department. How could anyone complain about corporate greed when you have so many on the gravy train. It seems the left are experts at creating jobs that do nothing for anyone but put out spin.

the minute a 'leader emerges the protest is over
the only way to make real change is to stay..and not let the issue go away

it should be live blogged to the world
everyone should be connected to the web...all the time

communication [speeches]..should be by radio broadcasting
pick an unused babnd...for each special topic
and discuss..record post onto web...
forming a topic/list of solutions

involve those there to protect you

Sorry, no point in avoiding it, the comments of Shadow minister and runner frighten me.
They actually seem to believe the weird ideas they post!
Next multi million, maybe billion Enron type fraud/loss will without doubt!
Be a lefty plot!