Occupy movement- remember them??

Godge

20Cent wrote: »

I'm sure hospitals and medical centers do cosmetic surgery for burns victims, cancer patients etc. Don't know if they do boob jobs for rich people. Do you?.

Yes, they do. They hardly do "boob jobs" in non-medical centres.

20Cent wrote: »

Supposing they do then your scenario would mean a wealthy person gets a boob job, skips off without paying, ruins their credit rating and then the hospital sells this rich persons debt for a few cents in the dollar.
How likely do you think that is?.

We are talking about four to five-year old medical debt in New York (based on your link).

There were thousands of bankers who lost their jobs in 2008 and 2009 in New York.

Many of those bankers would have had partial medical insurance or whose families would have been undergoing treatment as they were fired and the premiums stopped getting paid. You can't stop treatment bang in the middle of it happening.

So yes, given the timeline, given the place, given the number of bankers losing jobs, I am confident that an analysis of the debt would show that the Occupy Movement (or whatever it is called now) paid off the medical bills of bankers who caused the crisis including cosmetic surgery bills.

Ironic, isn't it?

20Cent wrote: »

Very unlikely I'd say. Even if it did happen you seem to be claiming that it would invalidate the whole process which is patent nonsense. Really grasping at straws at this stage just goes to show no matter what Occupy do the haters gonna hate. The "more clarity" you request is not possible as I'm sure you already know if you've read the rest of the thread. Suppose its an improvement from achieving nothing and being inactive anyway.

If you make a stand against stupid behaviour by government (paying off banks debts without knowing what you are doing) and then you act hypocriticial by paying off bankers debts without knowing what you are doing, then expect to get called out on it.

Remember, Occupy Dame St wanted to who were the bondholders paid off in ignorance by the government, I just want to know who were the medical debtholders paid off in ignorance by the government.

The fact that you can't see the parallel is mind-boggling. It is Animal Farm-esque as we repeat the same mistakes.

20Cent

Godge wrote: »

Yes, they do. They hardly do "boob jobs" in non-medical centres.



We are talking about four to five-year old medical debt in New York (based on your link).

There were thousands of bankers who lost their jobs in 2008 and 2009 in New York.

Many of those bankers would have had partial medical insurance or whose families would have been undergoing treatment as they were fired and the premiums stopped getting paid. You can't stop treatment bang in the middle of it happening.

So yes, given the timeline, given the place, given the number of bankers losing jobs, I am confident that an analysis of the debt would show that the Occupy Movement (or whatever it is called now) paid off the medical bills of bankers who caused the crisis including cosmetic surgery bills.

Ironic, isn't it?

If they are unemployed then their not really bankers are they :rolleyes:
Changed your tune a but the scenario is getting less and less likely by the post!

Godge wrote: »

If you make a stand against stupid behaviour by government (paying off banks debts without knowing what you are doing) and then you act hypocriticial by paying off bankers debts without knowing what you are doing, then expect to get called out on it.

Remember, Occupy Dame St wanted to who were the bondholders paid off in ignorance by the government, I just want to know who were the medical debtholders paid off in ignorance by the government.

The fact that you can't see the parallel is mind-boggling. It is Animal Farm-esque as we repeat the same mistakes.

But their not bankers even in your imaginary scenario????

The medical debt holders were not paid off by the government what are you on about?

Godge

20Cent wrote: »

But their not bankers even in your imaginary scenario????

The medical debt holders were not paid off by the government what are you on about?

Hah I mistyped. But it actually illustrates the point quite well. If you pay off someone's debt just like that not knowing who are paying (whether it is bondholders or medical debt holders) you are one and the same. The pigs and the men are the same. Occupy has become what it opposed.

20Cent

Godge wrote: »

Hah I mistyped. But it actually illustrates the point quite well. If you pay off someone's debt just like that not knowing who are paying (whether it is bondholders or medical debt holders) you are one and the same. The pigs and the men are the same. Occupy has become what it opposed.

Only if you consider both to be equal actions which they clearly are not.

20Cent

Occupy Wall Street three years old this week wipes out 4 million dollars of student debt. Nice present for 2,600 + students.

Flood Wall Street happening Sept 22nd.

Still alive and kicking.

20Cent

Linky

http://time.com/3393918/occupy-wall-street-student-loan-debt/


Occupy Wall Street Just Made $4 Million of Student Loan Debt Disappear
Sam Frizell @Sam_Frizell 1:42 PM ET
All the students whose debts were abolished went to the for-profit Everest College

An Occupy Wall Street campaign says it has abolished almost $4 million in student loan debts, in a Tuesday announcement marking the third anniversary of the Occupy protests that brought renewed attention to the issue of income inequality.

Fr Tod Umptious

20Cent wrote: »

Linky

http://time.com/3393918/occupy-wall-street-student-loan-debt/


Occupy Wall Street Just Made $4 Million of Student Loan Debt Disappear
Sam Frizell @Sam_Frizell 1:42 PM ET
All the students whose debts were abolished went to the for-profit Everest College

An Occupy Wall Street campaign says it has abolished almost $4 million in student loan debts, in a Tuesday announcement marking the third anniversary of the Occupy protests that brought renewed attention to the issue of income inequality.

That's lovely, thanks for sharing.

By the way, do they know who's debt they have written off this time, rich folks, middle income folks, poor folks ?

PopePalpatine

I'd say that if they bought this debt, the debtors were probably in arrears, and hence unlikely to be rich.

20Cent

Debt was bought for .03 cent for a dollar so draw your own conclusions.

Godge

20Cent wrote: »

Occupy Wall Street three years old this week wipes out 4 million dollars of student debt. Nice present for 2,600 + students.

Flood Wall Street happening Sept 22nd.

Still alive and kicking.

20Cent wrote: »

Linky

http://time.com/3393918/occupy-wall-street-student-loan-debt/


Occupy Wall Street Just Made $4 Million of Student Loan Debt Disappear
Sam Frizell @Sam_Frizell 1:42 PM ET
All the students whose debts were abolished went to the for-profit Everest College

An Occupy Wall Street campaign says it has abolished almost $4 million in student loan debts, in a Tuesday announcement marking the third anniversary of the Occupy protests that brought renewed attention to the issue of income inequality.

So this time they bought the debts of the future bankers and lawyers. Cool, well done.

20Cent

Godge wrote: »

So this time they bought the debts of the future bankers and lawyers. Cool, well done.

Deja vu.

PopePalpatine

Godge wrote: »

So this time they bought the debts of the future bankers and lawyers. Cool, well done.

Somehow I doubt that debtors whose debt was bought at $.03 on the dollar will get to the higher echelons of Wall Street/the City of London.

Godge

PopePalpatine wrote: »

Somehow I doubt that debtors whose debt was bought at $.03 on the dollar will get to the higher echelons of Wall Street/the City of London.

Having secured a deal like that from some suckers, they will be hired tomorrow:)

FreudianSlippers

Godge wrote: »

So this time they bought the debts of the future bankers and lawyers. Cool, well done.

I don't think many bankers and/or lawyers were going to Everett/Everest college tbf

20Cent

Thousands of protesters back on wall st today. Sit downs starting.

Godge

20Cent wrote: »

Thousands of protesters back on wall st today. Sit downs starting.

That protest is about climate change.

hatrickpatrick

As far as I know, the statute of limitations on a lot of the potential crimes which led to the financial crisis has expired in the US. I've also heard that the DOJ's explanation for not pursuing cases was the complexity of the whole situation being overwhelming for them.

If either of these facts are true, the 2007 onwards financial crisis in terms of international investment banking should be viewed as one of the greatest miscarriages of justice so far in the 21st century.

Godge

hatrickpatrick wrote: »

As far as I know, the statute of limitations on a lot of the potential crimes which led to the financial crisis has expired in the US. I've also heard that the DOJ's explanation for not pursuing cases was the complexity of the whole situation being overwhelming for them.

If either of these facts are true, the 2007 onwards financial crisis in terms of international investment banking should be viewed as one of the greatest miscarriages of justice so far in the 21st century.

That is a big caveat.

FreudianSlippers

Most Federal white collar crime involving financial institutions has a 10 year statute of limitations. Major fraud against the United States government is 7 years.

20Cent

Few thousand at the Flood Wall St event 100 or so and a polar bear arrested. Just shows in the land of the free don't protest the financial services.

FreudianSlippers

Guardian reporter stated that from the group themselves, they were intentionally disobeying police orders and provoking in order to be arrested on purpose. :rolleyes:

c_man

hatrickpatrick wrote: »

If either of these facts are true, the 2007 onwards financial crisis in terms of international investment banking should be viewed as one of the greatest miscarriages of justice so far in the 21st century.

Well yeah but it's early days in the century yet.

Permabear

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20Cent

Permabear wrote: »

This post had been deleted.

Alleged greed and corruption on Wall Street?????
It is an established fact.

Permabear wrote: »

Evicted from Zuccotti Park after a few weeks of colorful but ineffectual demonstration, the protesters took their MacBooks and iPhones home and started focusing not on the well-being of America's poorest citizens but on the self-interested project of tackling the student loans held by the educated. They have since succeeded in wiping out a negligible portion of the $1.2 trillion student debt that is outstanding in the U.S.

The intention was never to "wipe out" all student debt no one is claiming that. 4 million dollars worth has been cleared though. The intention is to highlight the murky world of debt collection. The debt collectors hounding people over debts actually could have paid a few cents in the dollar for it. Education is being turned into a commodity instead of something for the public good. Income inequality is becoming such an issue a two tier society is emerging where only the wealthy can attend college.

Permabear wrote: »

This post had been deleted.

The connection between climate change and the financial sector is pretty clear to anyone who wants to see it. Public pressure for action on it is the only way it will be addressed. Making investment in clean fuels more attractive than investing in polluting fossil fuels. The Rockefellers for example have switched their investments to clean energy.
http://www.bbc.com/news/world-us-canada-29310475
"The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50bn (£31bn) in fossil fuel assets"

Expecting corporations and the financial sector to spontaneously decide to stop polluting and invest in clean energy is unrealistic this change will come about from public pressure.

jh79

20Cent wrote: »

Alleged greed and corruption on Wall Street?????
It is an established fact.



The intention was never to "wipe out" all student debt no one is claiming that. 4 million dollars worth has been cleared though. The intention is to highlight the murky world of debt collection. The debt collectors hounding people over debts actually could have paid a few cents in the dollar for it. Education is being turned into a commodity instead of something for the public good. Income inequality is becoming such an issue a two tier society is emerging where only the wealthy can attend college.



The connection between climate change and the financial sector is pretty clear to anyone who wants to see it. Public pressure for action on it is the only way it will be addressed. Making investment in clean fuels more attractive than investing in polluting fossil fuels. The Rockefellers for example have switched their investments to clean energy.
http://www.bbc.com/news/world-us-canada-29310475
"The Rockefeller Brothers Fund is joining a coalition of philanthropists pledging to rid themselves of more than $50bn (£31bn) in fossil fuel assets"

Expecting corporations and the financial sector to spontaneously decide to stop polluting and invest in clean energy is unrealistic this change will come about from public pressure.

The Occupy movement didn't highlight anything, majority of people know how debt collection works.

Why is it surprising that the Rockefeller's switched to clean energy, fossil fuel is a finite source what would you expect them to do keep going till it was all used up and then start investing in clean energy?

20Cent

Fed employee Carmen Segarra was so disgusted at the collaboration and close ties the Fed have with Goldman Sachs that she started taping conversations she had while at work.

http://www.bloombergview.com/articles/2014-09-26/the-secret-goldman-sachs-tapes

For instance, in one meeting a Goldman employee expressed the view that "once clients are wealthy enough certain consumer laws don't apply to them." After that meeting, Segarra turned to a fellow Fed regulator and said how surprised she was by that statement -- to which the regulator replied, "You didn't hear that."

Tapes to be played today on the podcast "This American Life". Should be interesting.

Tabnabs

Already up on the This American Life podcast.

FreudianSlippers

20Cent wrote: »

The intention was never to "wipe out" all student debt no one is claiming that. 4 million dollars worth has been cleared though. The intention is to highlight the murky world of debt collection. The debt collectors hounding people over debts actually could have paid a few cents in the dollar for it. Education is being turned into a commodity instead of something for the public good. Income inequality is becoming such an issue a two tier society is emerging where only the wealthy can attend college.

Quite the misrepresentation there. They focused on one profit degree mill institution. They have done nothing re general student debt or the debt collection thereof.

The connection between climate change and the financial sector is pretty clear to anyone who wants to see it.

Please say chemtrails, please say chemtrails!

20Cent

FreudianSlippers wrote: »

Quite the misrepresentation there. They focused on one profit degree mill institution. They have done nothing re general student debt or the debt collection thereof.

Not a misrepresentation at all the institution was selected for that very reason to highlight the for profit education sector.
A lot of the student debt is guaranteed by the government so won't make it to the secondary market. Student debt is being discussed all over the US it is the subject of upcoming bills etc

FreudianSlippers wrote: »

Please say chemtrails, please say chemtrails!

:rolleyes:

Permabear

This post has been deleted.