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upaloopa

(11,417 posts)
Thu Apr 7, 2016, 10:31 AM Apr 2016

Not everyone hates Wall Street. It is where we go to grow our retirement incomes. Our pension funds

and our 401K's.

We need to reform and regulate Wall Street but we needn't demonize it. Shadow banks caused the great recession, like the crooks at Lehman Bros and others.

Bernie hates Wall Street, I think he hates capitalism. But both are woven into the fabric of our American lives.

We can work on bringing back good paying jobs, and organize labor so we can bargain for benefits like pensions so that we have a better chance at retirement. And invest the money in Wall Street.

We don't need to cut off our noses to spite our faces. We shouldn't demonize our American way of life we need to fix the broken parts.

We shouldn't throw out the baby with the bath water. We need to strengthen our regulations so that we have a regulated capitalism that benefits us all.

We can't expect the whole population to adopt socialism because a portion of us thinks it is a good idea. That is a losing proposition in a general election as is raising taxes.

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Not everyone hates Wall Street. It is where we go to grow our retirement incomes. Our pension funds (Original Post) upaloopa Apr 2016 OP
I know nuance isn't liked in Camp Hillary revbones Apr 2016 #1
Being an apologist for Wall Street as a strategy? Keep up the good work! Kip Humphrey Apr 2016 #2
Right wing OPs from Hillary supporters AgingAmerican Apr 2016 #3
Tell that to the millions of people that lost jobs sent to China, Mexico due to Wall Street Red Oak Apr 2016 #4
The stock market is more than the financial services industry. JonLeibowitz Apr 2016 #5
I am sure this is what Hillary said to Sachs for the 600 grand they paid her. libtodeath Apr 2016 #6
HRC, her supporters and the facts... HumanityExperiment Apr 2016 #7
This is along the lines of those NWCorona Apr 2016 #8
It's the CORRUPTION on Wall Street that Bernie wants to end. Many people LOST their 401ks due to think Apr 2016 #9
yeah? well mine hasn't grown for 15 years, bbgrunt Apr 2016 #10
We know you folks enjoy the fruits of ill-gotten Wall Street gains... Yurovsky Apr 2016 #11
Yes, it's so reassuring to have your existence controlled by speculators. dogman Apr 2016 #12
The level of ignorance has hit an all time high during this campaign. Jitter65 Apr 2016 #13
Senator Sanders & Elizabeth Warren are both in agreement about wall street. fourcents Apr 2016 #14
"We"? loyalsister Apr 2016 #15
What! Senator Sander does not hate capitalism he hates crony capitalism! fourcents Apr 2016 #16
And Obama is a Commie because he said he wants to "redistribute wealth" Armstead Apr 2016 #17
What retirement income. What pension? hobbit709 Apr 2016 #18
I see you bought into the 401K scam ibegurpard Apr 2016 #19
Kinda like trying to "fix" the Mafia. Tierra_y_Libertad Apr 2016 #20
This post misses the point by miles. In the current economy, TOO MANY PEOPLE HAVE NO cherokeeprogressive Apr 2016 #21
There's a certain nihilism to the Sanders movement. CalvinballPro Apr 2016 #22
Come on...... Sivart Apr 2016 #23
 

revbones

(3,660 posts)
1. I know nuance isn't liked in Camp Hillary
Thu Apr 7, 2016, 10:34 AM
Apr 2016

but Sanders hasn't railed against investing, he's railed against the Wall St banks and their fraud.

Red Oak

(697 posts)
4. Tell that to the millions of people that lost jobs sent to China, Mexico due to Wall Street
Thu Apr 7, 2016, 10:36 AM
Apr 2016

What pension?

What savings?

 

HumanityExperiment

(1,442 posts)
7. HRC, her supporters and the facts...
Thu Apr 7, 2016, 10:40 AM
Apr 2016

Always funny to be able to hammer away with the facts against OPs like this


 

think

(11,641 posts)
9. It's the CORRUPTION on Wall Street that Bernie wants to end. Many people LOST their 401ks due to
Thu Apr 7, 2016, 10:42 AM
Apr 2016

corruption:

Save your 401(k) from next Lehman-style meltdown

What have many people done to protect their life savings from events such as the collapse of the 158-year-old Lehman Brothers and the ensuing financial pandemic? Next to nothing.


Market risk can and should be pared from retirement portfolios, though millions are just as vulnerable as they were a year ago. Most people have left their dominant stock allocations untouched. The key is to add more bonds.

The conventional wisdom that the historical returns of stocks beat bonds was and is misleading. If you are retiring during or immediately after a bear market, long-term returns are irrelevant.

More:
http://www.seattletimes.com/business/save-your-401k-from-next-lehman-style-meltdown/


Apparently you're willing to risk your 401K on Wall Street without even dealing with the corruption.

That's just sad....


Yurovsky

(2,064 posts)
11. We know you folks enjoy the fruits of ill-gotten Wall Street gains...
Thu Apr 7, 2016, 11:14 AM
Apr 2016

gains made in the backs of millions of poor and working-class Americans, and hundreds of millions of de facto slave laborers in countries that trade with the U.S. in markets where the U.S. no longer competes due to minimum wage laws and health & safety laws for workers.

I get it. You folks got yours, and we all need to just sit down, shut up, and do as we are told. We are being "unrealistic" voting for actual changes to a system rigged to benefit the 1%.


Wall Street has my best interests in mind just like a shark would look out for me if I went swimming with a laceration off the Great Barrier Reef. Do you seriously think we are all that stupid? That we can't see how we are getting screwed DAILY by the Wall Street corporate overlords? Please.... 😂

dogman

(6,073 posts)
12. Yes, it's so reassuring to have your existence controlled by speculators.
Thu Apr 7, 2016, 11:16 AM
Apr 2016

An honest market is not possible with HF traders.

 

Jitter65

(3,089 posts)
13. The level of ignorance has hit an all time high during this campaign.
Thu Apr 7, 2016, 11:18 AM
Apr 2016

Emotion and reticence has taken over.

loyalsister

(13,390 posts)
15. "We"?
Thu Apr 7, 2016, 11:26 AM
Apr 2016

As a disabled person, Wall st is a threat to my social security.
Not all of us can participate in savings, 401ks, etc.

 

Armstead

(47,803 posts)
17. And Obama is a Commie because he said he wants to "redistribute wealth"
Thu Apr 7, 2016, 11:29 AM
Apr 2016

he Obama hates business because he told business "You didn't build that"

From the mouth of Mike Huckabee to your keyboard

hobbit709

(41,694 posts)
18. What retirement income. What pension?
Thu Apr 7, 2016, 11:32 AM
Apr 2016

Many Americans have nothing but a SS check to look forward to no matter how hard they worked. And with many corporations and a lot of governments screwing people out of their pension funds, there'll be even more with nothing.
Quite a few people lost everything including their homes in the crash.

ibegurpard

(16,685 posts)
19. I see you bought into the 401K scam
Thu Apr 7, 2016, 11:33 AM
Apr 2016

The financial industry started selling the public in the 80s. Just look at all the retirements decimated 8 years ago. They still have their sites set on Social Security you know. And I sure as shit don't trust your candidate not to sell it out to them.

 

cherokeeprogressive

(24,853 posts)
21. This post misses the point by miles. In the current economy, TOO MANY PEOPLE HAVE NO
Thu Apr 7, 2016, 11:36 AM
Apr 2016

retirement incomes. TOO MANY PEOPLE HAVE NO 401k's. TOO MANY PEOPLE HAVE NO pension funds.

In short, too many people live paycheck to paycheck and do not HAVE anything to grow.

Good luck getting those people to love your Wall Street.

 

CalvinballPro

(1,019 posts)
22. There's a certain nihilism to the Sanders movement.
Thu Apr 7, 2016, 11:36 AM
Apr 2016

It's the political equivalent of "If I can't have want I want, no one else can have anything either."

It's a short-sighted attitude that is ultimately self-defeating. But you can explain this to the hateful people backing Sanders until you're blue in the face, and they'll still think they are "winning" no matter what. No amount of defeat (and we're getting into 20+ years of defeat for these folks now) will convince them to change tactics and actually try to win people over instead of berating them.

I say, if that's the way they want to be, let them. At least as a purity-obsessed minority, they can only really do damage to themselves.

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