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(1 of 2) Wall Street Executives Believe Employees Need To Engage In Illegal Behavior To Succeed

Via: Think Progress

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In a survey of 500 senior executives in the United States and the UK:

26 percent of respondents said they had observed or had firsthand knowledge of wrongdoing in the workplace

– 24 percent said they believed financial services professionals may need to engage in unethical or illegal conduct to be successful.

16 percent of respondents said they would commit insider trading if they could get away with it

30 percent said their compensation plans created pressure to compromise ethical standards or violate the law.

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Read more, HERE:

http://thinkprogress.org/economy/2012/07/10/513518/wall-street-illegal-survey/

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July 11, 2012 Posted by | Occupy Wall Street | , , , , , , | 2 Comments

“Quote of the Day”

Via: The Economic Times

Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his seaside villa in Dubrovnik, Croatia. (see photo)

 “That would make pensions, medical services more affordable. They will keep people working longer and will take that burden off of the youth.”

“Of course the youth will never get an opportunity to work; but hey, tough shit.”, he didn’t add.

– Robert Benmosche, CEO, AIG

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Read more, HERE:

http://economictimes.indiatimes.com/news/international-business/aig-chief-robert-benmosche-sees-retirement-age-at-80-after-euro-crisis/articleshow/13828151.cms

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Yes, we know.

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June 5, 2012 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , , , , , , | Leave a comment

We Are the 99 Percent

We are the 99 Percent.

We are getting kicked out of our homes.

We are forced to choose between groceries and rent.

We are denied quality medical care. We are suffering from environmental pollution.

We are working long hours for little pay and no rights, if we’re working at all.

We are getting nothing while the other 1 percent is getting everything.

We are the 99 percent.

Brought to you by the people who occupy wall street.

Why will YOU occupy?

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Please visit their website, and tell YOUR story.

http://wearethe99percent.tumblr.com/

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May 26, 2012 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , , | Leave a comment

Romney Fires Back at Occupy Heckler

Via: Huffington Post

Mitt Romney on Thursday reacted strongly to a heckler in Charleston, S.C., asking him what he, as part of the “1 percent,” plans to do for the 99 percent.

“Let me tell you something. America is a great nation because we’re a united nation. And those who are trying to divide the nation, as you’re trying to do here and as our president is doing, are hurting this country seriously. The right course for America is not to try to divide America and try and divide us between one and another. It’s to come together as a nation,” Romney fired back, according to the Washington Post. “And if you’ve got a better model — if you think China’s better, or Russia’s better, or Cuba’s better, or North Korea’s better — I’m glad to hear all about it.”

“But you know what?” the candidate added. “America’s right, and you’re wrong.”

Romney adviser Eric Fehrnstrom tweeted the video, calling it “GREAT VIDEO.”

Romney has said that concerns about Wall Street, financial institutions and income inequality are the result of “ENVY” and has accused President Barack Obama of promulgating the “politics of ENVY.”

http://www.huffingtonpost.com/2012/01/11/south-carolina-primary-2012-_n_1199084.html?ref=politics#211_romney-fires-back-at-occupy-heckler

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photo:

“Same Shit, Different Milennium”

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January 20, 2012 Posted by | 2012, GOP morons, Occupy Wall Street, Romney | , , , , , , , | Leave a comment

The Republican Candidates’ Economic Agenda For The 1 Percent

Via: Think Progress

https://seattle98.wordpress.com/wp-admin/post.php?post=9977&action=edit&message=10

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January 3, 2012 Posted by | 2012, Bachmann, Gingrich, GOP morons, Huntsman, Occupy Wall Street, Romney, Ron Paul, Santorum | , , , , , , , , , , , , , , , , | 1 Comment

Occupy

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December 22, 2011 Posted by | Occupy Wall Street, Uncategorized | , , | 1 Comment

We Are the 99 Percent

We are the 99 Percent.

We are getting kicked out of our homes.

We are forced to choose between groceries and rent.

We are denied quality medical care. We are suffering from environmental pollution.

We are working long hours for little pay and no rights, if we’re working at all.

We are getting nothing while the other 1 percent is getting everything.

We are the 99 percent.

Brought to you by the people who occupy wall street.

Why will YOU occupy?

~~~

Please visit their website, and tell YOUR story.

http://wearethe99percent.tumblr.com/

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December 19, 2011 Posted by | 2012, Occupy Wall Street, We Are the 99 Percent | , , , , | 1 Comment

Take Back the Streets – OCCUPY!

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December 15, 2011 Posted by | Occupy Wall Street | , , , , , | Leave a comment

“Quote of the Day”

 

“Little in the way of expression is outlawed in the United States Constituion, but an act which incites forceful response (see photo) is unlikely to pass as express speech.”  –  Judge Frances McIntyre

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Via: Daily News

Police plan to remove Occupy Boston protesters from their 2-month-old camp  this weekend after a judge lifted an order that had protected them from  eviction.

The ruling by Suffolk Superior Court Judge Frances McIntyre was met with  surprise by demonstrators, who immediately vowed to go back to court to fight  any attempt to kick them out.

http://www.nydailynews.com/news/national/cops-plan-evict-occupy-boston-demonstrators-article-1.988701#ixzz1fzD57y00

December 9, 2011 Posted by | Occupy Wall Street | , , , | Leave a comment

Former Countrywide Whistleblower: Mortgage Fraud ‘Systemic’

Via: Huffington Post

With mortgage lenders now facing allegations of misconduct on several fronts, a former top ranking employee at a major home lender has come forward saying fraud at her firm wasn’t the exception, but the norm.

Eileen Foster, a former executive vice president in charge of fraud investigations at mortgage lender Countrywide Financial, told CBS 60 Minutes reporter Steve Kroft that mortgage fraud was a common occurrence at the firm. Foster goes on to say that she faced illegal retaliation for filing reports investigating the fraud, alleging Countrywide fired her when she refused to lie to federal regulators on Countrywide’s behalf.

“From what I saw, the types of things I saw, it was, it appeared systemic,” Foster said on 60 Minutes Sunday. “It wasn’t just one individual or two or three individuals, it was branches of individuals, it was regions of individuals.”

Countrywide Financial, acquired by Bank of America in 2008, was a central figure in the housing collapse and subsequent foreclosure crisis. Once America’s largest mortgage lender, the company has agreed to a litany of settlements since 2008, including a $600 million class-action settlement, an $108 million settlement with the Federal Trade Commission and the ousting of former CEO Angelo Mozilo, who paid $67.5 million in penalties to the Securities and Exchange Commission, the Wall Street Journal reports.

Still, NO top level finance executives have faced federal prosecution for actions related to the financial crisis, despite several reports, like Foster’s, that allege fraud was a common practice.

At the same time, as Federal prosecution of financial fraud falls to a 20-YEAR low, OVER TWO THOUSAND PEOPLE have been arrested in connection with the Occupy Wall Street protests.

Some are taking a stand against alleged abuses, with Massachusetts AG Martha Coakley last week annoucing a lawsuit against five major mortgage lenders, including Bank of America, the parent company of Countrywide Financial. According to the lawsuit, banks exacerbated the forecloser crisis by taking illegal shortcuts, while doing little to help homeowners in the process.

http://www.huffingtonpost.com/2011/12/05/countrywide-whistleblower-mortgage-fraud-systemic_n_1129637.html?ref=business

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December 6, 2011 Posted by | 2012, GOP morons, Occupy Wall Street | , , , , , , , , , , , , , , | Leave a comment