‘We are Wall Street’: No, you’re a walnut
Wednesday 19 September 2012, 12.30am HKT
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Wall Street’s rejoinder to Occupy Wall Street protestors
This image of a Wall Street guy’s retort has become a famous Internet meme. We wouldn’t expect anything less from a Wall Street guy, no less.
Now that Quantitative Easing 3 (‘QE3’) is in the offing and our world looks set to completely implode on itself, we need to answer back to this.
(For those who didn’t get the memo, the U.S. Federal Reserve Bank announced QE3 a few days ago. QE3 will involve the Fed in open-ended purchase of long-term, mortgage-backed securities at the rate of US$40 billion a month (that’s 40,000 million dollars to you Brits) of mortgage debt. The rationale behind QE3 is to boost economic growth and reduce unemployment.)
What a sharply retarded pile of wrong this is.
Let’s really spell it out for those who still think QE3/4/5/6/etc is a dynamite idea:
- People aren’t angry that investors are investing and bankers banking.
- People are angry that the powers-that-be gave away their tax dollars to the rich.
- And they’re angry at the rich whose wilful incompetence and outright thievery caused the latest financial diabetes.
- The Occupy protestors should demo in Washington DC instead because it was DC that gave the money way.
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