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Wall Street Protest

by David Maschke
10 replies
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I think we can handle this subject without bringing politics into it...

It seems to me there's an easier way to occupy wall street.

Invest.

It's been years since I've studied economics, but isn't it the stockholders
who put the board of directors in office? And they in turn put CEO's in place?

Is the proxy vote the EMPOWERING vote that will get our voices heard?

And a question for those in the know...

If we invest in a mutual fund, who gets to vote those proxies?
  • Profile picture of the author Dennis Gaskill
    I admit I don't know much about the machinations of Wall Street, but it seems to me it compares to a few puppetmasters and a whole lot of puppets . . . and the puppetmasters always win.
    Signature

    Just when you think you've got it all figured out, someone changes the rules.

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  • Profile picture of the author HeySal
    Since only a few stockholders will hold the majority rule - it doesn't matter who votes on what as long as the big dudes keep their 51%. I'm sure they pretend to listen very hard, though.
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

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    • Profile picture of the author cashtree
      Here's pics from around the world Occupy Wall Street Spreads Worldwide - Alan Taylor - In Focus - The Atlantic

      I find it beautiful people are coming together for a bigger cause. I've heard for years about how people in other countries hate the U.S. but from these pics it's clear that's not true at all. I know these people following after the occupy movment is for their own region as well but still a beautiful thing. I've debated with quite a few on this subject, for any who's not caught up on what the main issues are, here are them as I understand them(For US anyway, remember this is a global crisis)

      People are upset we've had the highest unemployment rate since the great depression, millions unemployed, and meanwhile massive corporations(mostly banks) were bailed out using tax payers money. Not only that but since then they've made record breaking profits...and unemployment's only continue to worsen, they get saved, fire more people and out source more and more crapping all over the economy. Not only that but the $5 a month non-sense? Please...It's not that I personally have any issue with anyone being successful, I wish everyone great success, but there has to be some kind of limitation...especially when 99% of the people are struggling. If we continue to allow monopolies then there won't be any hope for our economy, if a company has no competition or real regulation oversight then they can use and abuse and ruin it for everyone like the banks have.

      Anyway there's a lot of reasons, but basically I just hope the indifferent and wealthy elite aren't able to push these people under the rug and silence them. Because it takes great strength to do what they're doing, and many good men have died in the past so that we have the rights we do, which are being rapidly stripped away. A prime example is new york senators want to make freedom of speech a privilege, not a right...

      If you want a detailed overview of how broken things are, from a businessmans point of view check out mark cubans blog posts on it here

      MARK CUBAN: "Tax The Hell Out Of Wall Street And Give It To Main Street" : politics
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  • Profile picture of the author thunderbird
    Here's how modern-day economics works:
    Loot
    Signature

    Project HERE.

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    • Profile picture of the author Thomas
      Originally Posted by thunderbird View Post

      Here's how modern-day economics works:
      Loot
      Correction:

      1. Loot.

      2. Make your victims pay to increase your capacity to loot.

      3. Go back to step 1.

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      • Profile picture of the author thunderbird
        Originally Posted by Thomas View Post

        Correction:

        1. Loot.

        2. Make your victims pay to increase your capacity to loot.

        3. Go back to step 1.

        What a great description of how banks work!
        Signature

        Project HERE.

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  • Profile picture of the author Thomas
    Originally Posted by David Maschke View Post

    It seems to me there's an easier way to occupy wall street.

    Invest.
    Here's someone who (kindof) agrees with you, David:

    Paul Drockton M.A.: How to Legally Plunder the Rothschilds
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  • Profile picture of the author David Maschke
    Thanks Tom,

    I'm about the most unimaginative and uneducated guy in the world. But watching all those people crying and complaining at the protest, I was thinking "money talks, bullsh*t walks"

    Can it work? I don't know. It would probably take trillions of dollars.
    Signature

    I

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  • Profile picture of the author whateverpedia
    Originally Posted by David Maschke View Post

    It seems to me there's an easier way to occupy wall street.

    Invest.
    While that makes perfect sense, there is a fatal flaw in it.

    The 1% already have the majority of votes (shares), so they can easily thwart any attempt at change by the 99%.
    Signature
    Why do garden gnomes smell so bad?
    So that blind people can hate them as well.
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    • Profile picture of the author David Maschke
      Originally Posted by whateverpedia View Post

      While that makes perfect sense, there is a fatal flaw in it.

      The 1% already have the majority of votes (shares), so they can easily thwart any attempt at change by the 99%.
      You are too kind. Usually people tell me I have about 100 fatal flaws in my logic.

      I've invested in individual stocks before. I've never felt fear and greed so amplified before. I don't know how people can be day traders.

      Plus, it would eventually become a game of chicken. The first one to flinch would cash out and walk away with the money. The bubble would burst.
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      I

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