2016 Postmortem
Related: About this forumNot 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.
revbones
(3,660 posts)but Sanders hasn't railed against investing, he's railed against the Wall St banks and their fraud.
Kip Humphrey
(4,753 posts)AgingAmerican
(12,958 posts)Coming fast and furious. This sounds like FOX and Friends.
Red Oak
(697 posts)What pension?
What savings?
JonLeibowitz
(6,282 posts)libtodeath
(2,888 posts)HumanityExperiment
(1,442 posts)Always funny to be able to hammer away with the facts against OPs like this
NWCorona
(8,541 posts)Offshore accounts aren't bad at all threads.
think
(11,641 posts)corruption:
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....
bbgrunt
(5,281 posts)Yurovsky
(2,064 posts)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)An honest market is not possible with HF traders.
Jitter65
(3,089 posts)Emotion and reticence has taken over.
fourcents
(107 posts)loyalsister
(13,390 posts)As a disabled person, Wall st is a threat to my social security.
Not all of us can participate in savings, 401ks, etc.
fourcents
(107 posts)Armstead
(47,803 posts)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)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)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.
Tierra_y_Libertad
(50,414 posts)cherokeeprogressive
(24,853 posts)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)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.
Sivart
(325 posts)This OP is a joke.
You have bought the BS, my friend.
Its where we go......laughable.