A Quote by Rush Limbaugh
[Steven] Lerner's plan starts by attacking JP Morgan Chase with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.
Related Quotes
This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.
[Steven] Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore - the redistribution of wealth and the return of '$17 trillion' stolen from the middle class by Wall Street - is to 'destabilize the country.
JP Morgan Chase's investment in our firm is a logical outgrowth of our longstanding relationship.
What I think is bugging this guy [Steven Lerner] is the belief that debt - forced debt upon middle-class people, students (i.e., student loans and so forth) - has made Wall Street bankers and financial people excessively, unfairly, out-of-proportionally rich.
Henry Blodget says, "It is not clear what, if any, power and influence [Steven Lerner] currently wields. His main message - that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend - will almost certainly resonate."
[Steven] Lerner's strategy is, "How do we bring down the stock market? How do we bring down their bonuses? How do we interfere with their ability to be rich?" This is what his objective is, and he believes that Wall Street's wealth has been stolen.
When [Steven Lerner] says that unions and so forth are "dead," he's talking about clout. He's talking about power. But "community organizations," the ACORN types, these are the groups that can successfully organize a strike - a strike meaning people just stop paying back on their loans.
Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
This is what class warfare looks like: The Business Roundtable - representing Goldman Sachs, Bank of America, JP Morgan Chase and others - has called on Congress to raise the eligibility age of Social Security and Medicare to 70, cut Social Security and veterans' COLAs, raise taxes on working families and cut taxes for the largest corporations in America.
Why is JP Morgan getting so much heat? Maybe because it is a massive international crime syndicate.
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.
As a left-wing campaigner for 35 years, I've been arrested on picket lines, led anti-imperialist demonstrations and spoken at anti-deportation protests outside police stations. I've made speeches at street rallies, in prisons and universities and at pubs.
Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.
The Occupy Wall Street protests are shining a national spotlight on the most powerful, dangerous and secretive economic and political force in America.
Related Authors
Adam Carolla Quotes
American
Entertainer
Andrew Flintoff Quotes
English
Entertainer
Conan O'Brien Quotes
American
Entertainer
David Copperfield Quotes
American
Entertainer
Dick Cavett Quotes
American
Entertainer
Earl Nightingale Quotes
American
Entertainer
Jamie Hyneman Quotes
American
Entertainer
Jim Ross Quotes
American
Entertainer
Jon Stewart Quotes
American
Entertainer
Khloe Kardashian Quotes
American
Entertainer
Marc Maron Quotes
American
Entertainer
Martha Stewart Quotes
American
Entertainer
Oprah Winfrey Quotes
American
Entertainer
Penn Jillette Quotes
American
Entertainer
RuPaul Quotes
American
Entertainer
Simon Cowell Quotes
British
Entertainer