Hundreds of Occupy Wall Street protesters arrested

[mookiemookie]

Originally Posted by Sea Demon

Corporations work to maximize profit and build supply chains to support their products. It's about making a living and improving quality of life.

Really? How did the esoteric derivatives and instruments...the CDS, the ABS, the CDOs... that Goldman Sachs, Morgan Stanley, AIG et. al. came up with improve the quality of anyone's life? They did nothing but throw the world economy into a crisis that is still affecting the lives of millions of people. Teachers, firefighters, secretaries, electricians, painters, construction workers are the ones who paid the price for that fraud, not those who caused it. Those companies get billion dollar bailouts with no real strings attached. They're back to paying million dollar bonuses as if nothing happened, to people making use of tax loopholes that allow them to pay less than someone who makes 1/10th of what they do.

Meanwhile there's people out there out of a job because of the system that Wall Street rigged for itself blew up and we got stuck with their casino tab. And if you believe that every one of those people is a whiner or lazy or trying to get something that doesn't belong to them and they'd have a job is they just applied for one, then that "just world" delusion is as clueless as you paint the protesters to be.

But seriously, answer the question. How did a credit default swap improve people's lives? How did a CDO squared make anyone's life better?