former seiu official reveals secret plan to destroy jp morgan, crash the stock market, and...
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
http://slidepdf.com/reader/full/former-seiu-official-reveals-secret-plan-to-destroy-jp-morgan-crash-the-stock 1/21
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CAUGHT ON TAPE: Former SEIU OfficialReveals Secret Plan To Destroy JPMorgan, Crash The Stock Market, AndRedistribute Wealth In America
nry Blodget | Mar. 22, 2011, 9:44 AM | 75,528 | 225
ormer official of one of the
untry's most-powerful unions,
IU, has a secret plan to
estabilize" the country.
e plan is designed to destroy JP
organ, nuke the stock market, and
aken Wall Street's grip on power,
us creating the conditions
cessary for a redistribution of
alth and a change in government.
e former SEIU official, Stephen
rner, spoke in a closed session at
Pace University forum last
ekend.
e Blaze procured what appears to
a tape of Lerner's remarks. Many
mericans will undoubtely sympathize with and support them. Still, the "destabilization" plan is startling in its
ecificity, especially coming so close on the heels of the financial crisis.
rner said that unions and community organizations are, for all intents and purposes, dead. The only way to
hieve their goals, therefore--the redistribution of wealth and the return of "$17 trillion" stolen from the middle
ss by Wall Street--is to "destabilize the country."
rner's plan is to organize a mass, coordinated "strike" on mortgage, student loan, and local government
bt payments--thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of
e loans. This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the
nking class and allowing for a transfer of power.
rner's plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests
the annual shareholder meeting, and then calls for a coordinated mortgage strike.
rner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being
ganized by them. It must therefore be run by community organizations.
rner was ousted from SEIU last November, reportedly for spending millions of the union's dollars trying to
rsue a plan like the one he details here. It is not clear what, if any, power and influence he currently wields.
s main message--that Wall Street won the financial crisis, that inequality in this country is hitting record
els, and that there appears to be no other way to stop the trend--will almost certainly resonate.
ranscript of Lerner's full reported remarks is below, courtesy of The Blaze. We have heard the tape, but we
ve not independently verified that the voice is Lerner's. You can listen to the tape here.
re are the key remarks:
Unions are almost dead. We cannot survive doing what we do but the simple fact of the matter is
community organizations are almost dead also. And if you think about what we need to do it may give us
some direction which is essentially what the folks that are in charge - the big banks and everything -
what they want is stability.
There are actually extraordinary things we could do right now to start to destabilize the folks that are in
Stephen Lerner, formerly of SEIU.
A A A
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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power and start to rebuild a movement.
For example, 10% of homeowners are underwater right their home they are paying more for it then its
worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying
in their home that's totally spontaneous they figured out it takes a year to kick me out of my home
because foreclosure is backed up
If you could double that number you would you could put banks at the edge of insolvency again.
Students have a trillion dollar debt
We have an entire economy that is built on debt and banks so the question would be what would happen
if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it
would literally cause a new finical crisis for the banks not for us we would be doing quite well we
wouldn't be paying anything...
We have to think much more creatively. The key thing... What does the other side fear the most - they
fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the
markets went down
The folks that control this country care about one thing how the stock market goes what the bond
market does how the bonuses goes. We have a very simple strategy:
How do we bring down the stock market
How do we bring down their bonuses
How do we interfere with there ability to be rich...
So a bunch of us around the country think who would be a really good company to hate we decided that
would be JP Morgan Chase and so we are going to roll out over the next couple of months what would
hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of
Wall Street.
And so what we are looking at is the first week in May can we get enough people together starting now
to really have an week of action in New York I don't want to give any details because I don't know if there
are any police agents in the room.
The goal would be that we will roll out of New York the first week of May. We will connect three ideas
that we are not broke there is plenty of money
they have the money - we need to get it back
and that they are using Bloomberg and other people in government as the vehicle to try and destroy us
And so we need to take on those folks at the same time. And that we will start here we are going to look
at a week of civil disobedience - direct action all over the city. Then roll into the JP Morgan shareholder
meeting which they moved out of New York because I guess they were afraid because of Columbus.
There is going to be a ten state mobilization to try and shut down that meeting and then looking at bank
shareholder meetings around the country and try and create some moments like Madison except where
we are on offense instead of defense
Where we have brave and heroic battles challenging the power of the giant corporations. We hope to
inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t
do itself that community groups can’t do themselves but maybe we can work something new and
different that can be brave enough and daring and nimble enough to do that kind of thing.
LL TRANSCRIPT FROM THE BLAZE
PEAKER: Stephen Lerner. Speaker at the Left Forum 2011 "Towards a Politics of Solidarity" Pace
iversity March 19, 2011
eaker Bio: Stephen Lerner is the architect of the SEIU's groundbreaking Justice for Janitors campaign.
e led the union's banking and finance campaign and has partnered with unions and groups in Europe, South
merican and elsewhere in campaigns to hold financial institutions accountable. As director of the union's
vate equity project, he launched a long campaign to expose the over-leveraged feeding frenzy of private
uity firms during the boom years that led to the ensuing economic disaster.
RANSCRIPT:
eels to me after a long time of being on defense that something is starting to turn in the world and we just
ve to decide if we are on defense or offense
aybe there is a different way to look at some of theses questions it’s hard for me to think about any part of
ganizing without thinking what just happened with this economic crisis and what it means
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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on't know how to have a discussion about labor and community if we don't first say what do we need to do
this time in history what is the strategy that gives us some chance of winning because I spent my life time
a union organizer justice for janitors a lot of things
eems we are at a moment where the world is going to get much much worse or much much better
ions are almost dead we cannot survive doing what we do but the simple fact of the matter is community
ganizations are almost dead also and if you think about what we need to do it may give us some direction
ich is essentially what the folks that are in charge - the big banks and everything - what they want is
ability
ery time there is a crisis in the world they say, well, the markets are stable.
hat's changed in America is the economy doing well has nothing to do with the rest of us
ey figured out that they don't need us to be rich they can do very well in a global market without us so what
es this have to do with community and labor organizing more.
e need to figure out in a much more through direct action more concrete way how we are really trying to
rupt and create uncertainty for capital for how corporations operate
e thing about a boom and bust economy is it is actually incredibly fragile.
ere are actually extraordinary things we could do right now to start to destabilize the folks that are in power
d start to rebuild a movement.
r example, 10% of homeowners are underwater right their home they are paying more for it then its worth
% of those people are in strategic default, meaning they are refusing to pay but they are staying in their
me that's totally spontaneous they figured out it takes a year to kick me out of my home because
eclosure is backed up
you could double that number you would you could put banks at the edge of insolvency again.
udents have a trillion dollar debt
e have an entire economy that is built on debt and banks so the question would be what would happen if we
ganized homeowners in mass to do a mortgage strike if we get half a million people to agree it would
rally cause a new finical crisis for the banks not for us we would be doing quite well we wouldn't be paying
ything.
overnment is being strangled by debt
e four things we could do that could really upset wall street
e is if city and state and other government entities demanded to renegotiate their debt
d you might say why would the banks ever do it - because city and counties could say we won ’t do
siness with you in the future if you won ’t renegotiate the debt now
we could leverage the power we have of government and say two things we won’t do business with you JP
organ Chase anymore unless you do two things: you reduce the price of our interest and second you
write the mortgages for everybody in the communities
e could make them do that
e second thing is there is a whole question in Europe about students ’ rates in debt structure. What would
ppen if students said we are not going to pay. It’s a trillion dollars. Think about republicans screaming
out debt a trillion dollars in student debt
ere is a third thing we can think about what if public employee unions instead of just being on the defensive
ut on the collective bargaining table when they negotiate they say we demand as a condition of negotiation
at the government renegotiate - it ’s crazy that you’re paying too much interest to your buddies the bankers
a strike issue - we will strike unless you force the banks to renegotiate/
en if you add on top of that if we really thought about moving the kind of disruption in Madison but movingat to Wall Street and moving that to other cities around the country
e basically said you stole seventeen trillion dollars - you've improvised us and we are going to make it
possible for you to operate
bor can’t lead this right now so if labor can’t lead but we are a critical part of it we do have money we have
lions of members who are furious
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
http://slidepdf.com/reader/full/former-seiu-official-reveals-secret-plan-to-destroy-jp-morgan-crash-the-stock 4/21
t I don't think this kind of movement can happen unless community groups and other activists take the
ad.
we really believe that we are in a transformative stage of what's happening in capitalism
en we need to confront this in a serious way and develop really ability to put a boot in the wheel then we
ve to think not about labor and community alliances we have to think about how together we are building
mething that really has the capacity to disrupt how the system operates
e need to think about a whole new way of thinking about this not as a partnership but building something
w.
e have to think much more creatively. The key thing... What does the other side fear the most - they fear
ruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went
wn
e folks that control this country care about one thing how the stock market goes what the bond market
es how the bonuses goes. We have a very simple strategy:
How do we bring down the stock market
How do we bring down their bonuses
How do we interfere with there ability to be rich
d that means we have to politically isolate them, economically isolate them and disrupt them
not all theory i’ll do a pitch.
a bunch of us around the country think who would be a really good company to hate we decided that
uld be JP Morgan Chase and so we are going to roll out over the next couple of months what would
pefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall
reet.
d so what we are looking at is the first week in May can we get enough people together starting now to
ally have an week of action in New York I don't want to give any details because I don't know if there are any
ice agents in the room.
e goal would be that we will roll out of New York the first week of May. We will connect three ideas
that we are not broke there is plenty of money
they have the money - we need to get it backand that they are using Bloomberg and other people in government as the vehicle to try and destroy us
d so we need to take on those folks at the same time
d that we will start here we are going to look at a week of civil disobedience - direct action all over the city
en roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they
re afraid because of Columbus.
ere is going to be a ten state mobilization it try and shut down that meeting and then looking at bank
areholder meetings around the country and try and create some moments like Madison except where we
e on offense instead of defense
here we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a
uch bigger movement about redistributing wealth and power in the country and that labor can ’t do itself that
mmunity groups can’t do themselves but maybe we can work something new and different that can be
ave enough and daring and nimble enough to do that kind of thing.
ten to the tape here >
e Also: 15 Mind-Blowing Facts About Wealth And Inequality In America
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Blackbob on Mar 22, 9:48 AM said:
'm not sure I disagree with him at all...bring it.
Funny, the tone of Henry's comments are that of incredulity. But, I think everyone here is feeling a little"Union" right now (and I hate f'n unions).
Comment flagged as offensive.
Flag as Offensive
123 193
Reply
Lawrence on Mar 22, 10:03 AM said:
@Blackbob: Lerner is a white version of Jesse Jackson. He will harass JPMorgan - until they pay him millions in protection money.
This is not about reform or democracy.
Flag as Offensive
236 34
Reply
Left Wing Wanker on Mar 22, 10:05 AM said:
@Blackbob: The Rent is Too Damn High. Flag as Offensive
67 24
Reply
black swan on Mar 22, 10:11 AM said:
@Blackbob: Funny, that if Henry's headline, which read:
"CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash TheStock Market, And Redistribute Wealth In America"
had instead read:
"CAUGHT ON TAPE: Former JPM Executive Reveals Secret Plan To Destroy The US Middle Class,Balloon The Nation's Sovereign Debt, And Bribe, Steal And Embezzle All The Wealth In America"
we could have all asked the question, "so, what else is new?"
The six largest Wall Streets holding banks already have assets that equal 63% of the US GDP. The400 wealthiest Americans already have assets that equal those assets held by the bottom 155 millionAmericans. The wealth, my friends and countrymen, has already been redistributed.
Flag as Offensive 107 139
Reply
yep on Mar 22, 10:12 AM said:
@Blackbob: I'm on board and I'm not underwater, not a member of a unionand I'm doing just fine. But the direction this country is headed should scareeveryone - except the top .1% and the bankers.
Flag as Offensive
93 103
Reply
8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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Comment flagged as offensive.
Blackbob on Mar 22, 10:50 AM said:
@black swan : Dude...that's EXACTLY what I'm talking about... Flag as Offensive
20 19
Reply
rags on Mar 22, 11:13 AM said:
@black swan : Exactly. Flag as Offensive
12 17
Reply
rags on Mar 22, 11:14 AM said:
@black swan : Exactly. Flag as Offensive
11 15
Reply
Bradford on Mar 22, 11:56 AM said:
@rags: Beware conservatives... Glenn Beck will use Lerner as a "StrawMan" and imply that this is indicative of what liberals think/feel.
As you can tell from listening to Lerner, he is clearly a radical and probably an anarchist. Definitely notrepresentative of a large group of people.
Flag as Offensive
15 116
Reply
sandyinohio on Mar 22, 11:58 AM said:
@black swan : What makes you think that those 155 million people createdthat wealth? Marxists are so slick; because they don't have as much doesnot mean that they had it & it was "taken".
Flag as Offensive
115 12
Reply
TULIP on Mar 22, 12:01 PM said:
@Blackbob: Its his redistribution part that is a farce. Those wall street idiotsneed to be on trial and than prison.
I am all for shutting them down, but not "redistribution of wealth. Who gets to be the distributor?
Flag as Offensive
23 27
Reply
Aqua Buddha on Mar 22, 12:02 PM said:
@Blackbob: The enemy of my enemy is my friend!
I liked this part " 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 forcingthem to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will alsocrash the stock market, isolating the banking class and allowing for a transfer of power."
Flag as Offensive
8 8
Reply
Tocqueville on Mar 22, 12:02 PM said:
@Blackbob: "When a thief steals from an honest man its a crime...when athief steals from a thief... its irony."
Flag as Offensive
37 0
Reply
Aqua Buddha on Mar 22, 12:04 PM said:
@Lawrence: The Enemy of my Enemy is my friend!
I Liked this part, "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 forcingthem to renegotiate the terms of the loans. This destabilization and turmoil, Lerner hopes, will alsocrash the stock market, isolating the banking class and allowing for a transfer of power."
Flag as Offensive
2 3
8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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Read more: http://www.businessinsider.com/seiu-union-plan-to-destroy-jpmorgan#ixzz1HLR5sqkZ
Reply
joe markham on Mar 22, 12:19 PM said:
@Bradford: how many times is he in the white house visitors log? Flag as Offensive
65 2
Reply
UreapwhatUsew on Mar 22, 12:29 PM said:
@Blackbob: If you don't like interest, don't borrow money, try living withinyour means. If you can barely afford a $100,000 house don't sign a loan tobuy a $300,000 house, duh! All of this would be mute if people would just live within their financialability. Don't make enough money? Try getting off your butt and make your own way, that's whatcapitalism is all about, not sitting on your couch watching Cribs thinking the government should buyyou a "Crib" with someone else's money you didn't have to work for!Quit whining and get to work!
Flag as Offensive
125 6
Reply
tcawa on Mar 22, 12:31 PM said:
@Aqua Buddha: RICO..... Flag as Offensive
15 0
Reply
BillyBob117 on Mar 22, 12:38 PM said:
@Beltway Greg: Hey Beltway,Glad to see the left is still desperate and still pathetic.
Flag as Offensive
34 2
Reply
Steve on Mar 22, 12:41 PM said:
@black swan : blackswan - it is called getting an education and working hard
and not sponging off the government.
Too many people think they are entitled. It is a priviledge to live in this country.
I once worked for the govt but i could not get a promotion because I didn't have seniority. What a joke;my coworkers comment "I do enough not to get fired"
Flag as Offensive
40 3
Reply
jes2 on Mar 22, 12:57 PM said:
@Beltway Greg: Please drop dead, left wing liar (yes, I know, thatsredundant).
Flag as Offensive
16 3
Reply
FMA on Mar 22, 1:03 PM said:
@Blackbob: He was only channeling the NYTimes and Pinch Sulzberger. Whybe surprised?
Flag as Offensive
1 0
Reply
jes2 on Mar 22, 1:06 PM said:
@Bradford: "Bradford', no Beck will NOT do what you have said.
He WILL point out the exact same thing that you have, that he is a "radical and probably an
anarchrist".
A far left wackjob.
And these people exist, albeit a small group, over with the liberal/progressives.
Now, as far as your comment "imply that this is indicative of what liberals think/feel", I say this:
Liberals feel more than "think", that is why they support destructive entitlement programs, vote for farleft Marxists, embrace societal-destroying scams like the ACLU, and basically are supportive ofanything that far-leftists do.
Flag as Offensive
12 1
8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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Soooo....
Is this not "indicative of what liberals think/feel"?
Reply
Gary Anderson (URL) on Mar 22, 1:06 PM said:
@Lawrence: I absolutely support strategic default. It is the patriotic thing to do.It is the moral thing to do. Why you ask? Because the ponzi loans and artificialrise and fall of prices due to the easy money was a scam. It was a scam any economist, but fewothers, could understand would take place. They new when to go long, and they knew when to short. Ifyou were in the loop, I mean.
Dylan Ratigan has been calling for clawbacks for years. People don't listen and he left CNBC. ScrewCNBC I say. And screw the banksters.
I see they are out in force voting down this guy's ideas. I am not for violence, but I support the rest ofthe agenda to inform the people of the US that the banksters caused the ponzi bubble and profited offthe crash.
Flag as Offensive
4 9
Reply
RICO is for Planned Parenthood on Mar 22, 1:07 PM said:
@tcawa: Everybody knows RICO is only used to defend those poor defenselessabortion clinics from those anti-choice vigilantes with their prayer beads andcalloused knees. Nothing to see here. Move along.
Flag as Offensive
4 2
Reply
Gary Anderson (URL) on Mar 22, 1:08 PM said:
@UreapwhatUsew: Try having banksters do their jobs as underwriters. Duh. Ifthey want the reputation of used car salesmen we will make sure they live withthat reputation. They aren't bankers anymore. They are ponzi swindling banksters.
Flag as Offensive
2 3
Reply
peasant on Mar 22, 1:29 PM said:
@black swan : Looks like the corporatist clowns aren't satisfied with just riggingthe market. They even have to rig the voting on BI. We can only hope thatsomeday their heads will be held high--on stakes, as those they impoverished march in the streets.
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Psychodad on Mar 22, 1:33 PM said:
@black swan : Nice idea, let's see. Rounding up, those nasty 400 wealthiestYanks own about 1.5 trillion dollars. Figure about 200 million of the rest of us.Now, if you rob them and hang them, and divide that money up between the rest of us po' folk, thatgives us all about, oh, $7500 dollars each. Maybe the price of a good used car.
Who do you rape next year?
Looking at it another way -- that money owned by the top 400 is, coincidentally, about the same asthat shot out by the "Stimulus Package." How much good has that done? Or maybe, if each of us 200million got his $7500 that way, would that have helped?
I know. It's not really about the money. It's all just to foment hatred and envy, and create gullible,manageable little suckers for SEIU goons and AFSCME legbreakers.
Nice try though.
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Reply
ChrisB on Mar 22, 1:40 PM said:
@UreapwhatUsew: If it wasn't for people living beyond their means and buyingall the could not afford, the US would be in the swamp many, many years ago.
Flag as Offensive
1 0
Reply
Moose on Mar 22, 1:41 PM said:
@Bradford: If you just ignore all of the liberals on here that say they agree withhim then your comment might be worth listening to.
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0 1
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
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yep on Mar 22, 1:42 PM said:
@peasant : No kidding - the entire JP Morgan call center is voting today.Amazing how this one hit close to home - a little defensive now aren't we?
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janchup on Mar 22, 1:44 PM said:
@Blackbob: If anybody stole or is stealing anything from the middle class alleyes should be on Geithner and Bernanke since they are at the root of theissue.
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Patrick in AZ on Mar 22, 1:48 PM said:
@Blackbob: So we bring the banks to brink of collaps again - and then what? Isthat going to make you richer? We destroy Wallstreet - how do you think your401k/pensions are going to look after that?
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woof on Mar 22, 1:48 PM said:
@yep: I think the voting on this thread has been hacked. This post has an
enormously disproportionate number of votes and views compared to the rest ofBI. This post has been tweeted 666 times.
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janchup on Mar 22, 1:48 PM said:
@black swan : >CAUGHT ON TAPE: Former JPM Executive Reveals SecretPlan To Destroy The US Middle Class, Balloon The Nation's Sovereign Debt,And Bribe, Steal And Embezzle All The Wealth In America"
This is revisionist fantasy and NOT at all what happened. Look to Geithner, look to Bernanke and lookto their Enabler.
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woof on Mar 22, 1:50 PM said:
@janchup: I think this post has been hacked. This post has an enormouslydisproportionate number of page views and votes compared to the rest of BI.This post has been tweeted 666 t imes.
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janchup on Mar 22, 1:52 PM said:
@peasant : Be careful, you are using too many cliches. Flag as Offensive
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christof on Mar 22, 9:50 AM said:
t's a very brave initiative and you can't blame them, after all, Goldman and alikesook away quite some taxpayers' money during the bail-outs (AIG !!) ; on theother hand, we most most likely won't need organized action to bring down JP Morgan : A silver raid willseal the fate of Blythe Masters
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Ben Dover on Mar 22, 11:25 AM said:
@christof: "took away quite some taxpayers' money"
Took? Are you brain dead? They were given the money by politicians you voted for.
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Roger Drew Williams on Mar 22, 12:28 PM said: 8 1
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@christof: I agree that the best course of action to make life difficult forJPMorgan is to buy silver. Be careful though, a major attempt to drive the priceback down is coming soon.
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Neil Down on Mar 22, 12:39 PM said:
@Ben Dover: That ballistic action would destroy the wealth, not re-distribute it.Take a deep breath...ifthe country taxed the rich fairly - they screamed at the idea of going from about 34 to 39% fortop income, and the putzes in Congress, and "Roll over and play dead" Obama, did just that.Who remembers to 90% tax bracket for the highest income levels? The press never mentions that, ofcourse.
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Adrian on Mar 22, 12:56 PM said:
@Ben Dover: "They were given the money by politicians you voted for"True, but politicians rigged the system by accepting bribes (i.e. politicalcontributions, etc). They are part to blame for this action that is about to take place. It is a civic dutyto vote, but if both politicians you can vote are are rigged, then the civic duty is to do something aboutit.Did you ever ask yourself why banks and big business (in part thanks to corrupted D.C.) have trilliondollar assets? Wealth cannot be created without natural resources and labor, yet natural resourcesbelong to all Americans and we don't see a dime for it, labor does 99% of the work, yet managementgets paid salaries many times higher than labor and bonuses for course.I am a capitalist, but what we have now is not capitalist, it has been raped and perverted. Mom and
Pop shops are dying off, corruption is at its highest, cronyism thrives... and you have a mortgageunderwater.I don't always agree with unions, but they are the only ones powerful enough to make someone listen.
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Gary Anderson (URL) on Mar 22, 1:09 PM said:
@Ben Dover: The banksters bought off the politicians. You guys are out in forcevoting these comments down but we know who you are and why you are doingit. In the thirteenth centuries, banksters like you who failed their banks by bad loans were hanged bythe government.
Jail time would be mercy.
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Ben Dover on Mar 22, 1:44 PM said:
@Gary Anderson: " banksters like you "
Gary, are you off your meds again? Being followed by black helicopters?
Labeling me a bankster makes about as much sense as labeling you thoughful.
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janchup on Mar 22, 1:46 PM said:
@Ben Dover: Exactly, no one "took" anything; the politicians made it happen. Flag as Offensive
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on law on Mar 22, 9:52 AM said:
So lets get this straight... this guy is publicly calling for illegal financial chaoswith no risk to him but a hedge fund manager who legally can risk his money byshorting a stock is vilified in the media?
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Baron de Rothschild on Mar 22, 10:53 AM said:
@jon law: "a hedge fund manager who legally can risk his money by shortinga stock is vilified in the media?"
My family thanks you for perpetuating the myth that we are somehow risking our money. We neverrisk our own money. We risk our investors' money. If our personal investments are in trouble, we canget governments like yours and Ireland's to bail us out with their citizens sovereign funds. We neverlose, jon law. Losing is for the hoi polloi.
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Mr Thrifty on Mar 22, 9:53 AM said:
Hope these losers realize that their FICO score would go in the crapper.(Assuming they even have one worth preserving.)
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Get your facts straight..... on Mar 22, 10:00 AM said:
@Mr Thrifty: With SOROS as their financial supporter, they probably will notcare what their FICO score is.
THE REAL QUESTION: Who was behind the first financial crisis since these people pushed for policyof home ownership and little down payments? WAS is the Unions and Marxist then too?Bawney Fwank pushed for Freddie Mac to lower standards in 1997. I have the article with his quotes.
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Sterling on Mar 22, 10:02 AM said:
@Mr Thrifty: Hope you are kidding. Flag as Offensive
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msaa on Mar 22, 12:02 PM said:
@Mr Thrifty: I think this is terr ible and hope people do the right thing! But I hadto laugh at the FICO score comment!!!!!!!
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Gary Anderson (URL) on Mar 22, 1:11 PM said:
@Mr Thrifty: Hope you realize they don't care about their FICO score. They onlyhave to worry about recourse and taxation if they walk away if they have noneed for the FICO.
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Anonalso on Mar 22, 9:56 AM said:
Whoa. Someone with Creditability posting something on BI? Flag as Offensive
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mlamb on Mar 22, 10:00 AM said:
@Anonalso: it's "credibility" -- and it shouldn't be capitalized. Flag as Offensive
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Anonalso on Mar 22, 10:05 AM said:
@mlamb: sorry to offend the spelling police. To bad you don't take these guyseriously.
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dzdork on Mar 22, 10:48 AM said:
@Anonalso: "Too bad"...sorry, couldn't resist. :} Flag as Offensive
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dspence on Mar 22, 11:23 AM said:
@Anonalso: You should be policing your own spelling. When you don't spellcorrectly, people won't take you serious because it makes you look stupid.Also, your last sentence should be "TOO bad you don't take this guy seriously." Since you can't spell,nobody takes you seriously on this forum.
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bzer on Mar 22, 12:12 PM said:
@dspence: dspence-"people won't take you seriously"Hypocrites criticizing someone's grammar with bad grammar and calling THEM stupid. Awesome.Here's some advice, debate the topic, not someone's grammar. When all you can do is attack theirspelling, it makes you look like you don't have a valid rebuttal to their point.
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KarlMarx on Mar 22, 9:57 AM said:
Well, it is true that Wall Street and specifally the banks have stolen billion if nota trillion or two from the taxpayers with full approval of the powers in office. Notonly the FED but Congress and the White House that refuse to even exercise their authority to regulate oroversee the idiots in charge at the FED.
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Ben Dover on Mar 22, 11:27 AM said:
@KarlMarx: "banks have stolen billion if not a trillion or two from the taxpayerswith full approval of the powers in office"
Stolen? With the full approval?
They were given money by politicians you voted for.
Stop doing that.
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mlamb on Mar 22, 9:58 AM said:
here are just so many holes in this guy's logic that i can't even begin to gohrough them all.
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Don't Bother on Mar 22, 9:59 AM said:
Don't bother. The rich will bring themselves down. They always do Flag as Offensive
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Dub on Mar 22, 9:59 AM said:
You've got to be insane to think that bringing our economy to a halt can possiblybenefit consumers. If anything, banks will get bailed out again and taxpayers willget shafted again. Debt has to be repaid. plain and simple....
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Left Wing Wanker on Mar 22, 10:03 AM said:
The Rent is Too Damn High. Flag as Offensive
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Josh (URL) on Mar 22, 10:04 AM said:
love how the tea party is labeled as teabaggers and radical extremists and yetdiots like this run around on the left and somehow skirt criticism. Glad the
public eye gets to see how dirty these extreme leftists really are.
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Nathaniel Hawthorne on Mar 22, 10:06 AM said:
From crony capitalism to crony socialism.
Either way, the small businessman and the taxpayer always get screwed.
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fred@# on Mar 22, 10:47 AM said:
@Nathaniel Hawthorne: That's the crux of our problem. Big government turnsinto one big trough of corruption and the only way for a pig to survive is toshoulder his way to the trough.
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Chance on Mar 22, 10:06 AM said:
think this is a great idea. If it's not this guy, it will eventually be someone whoeads the fight to get this country's money back. It's coming.
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Disgusted on Mar 22, 10:41 AM said:
@Chance: So you go ahead and support this National Socialist. Not me. I willbe on the other side doing EVERYTHING I can to stop you. EVERYTHING.
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Redgrandma on Mar 22, 11:23 AM said:
@Disgusted: Ditto!!h
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Ben Dover on Mar 22, 11:32 AM said:
@Chance: "it will eventually be someone who leads the fight to get thiscountry's money back"
Who gave the bastards our money in the first place?
And why did you vote for them?
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mrzmac on Mar 22, 12:26 PM said:
@Disgusted: Disgusted...I will be right beside you fighting to do everything Ican to stop them also. Do they not realize that the distribution they so proudlyscream for will only be distributed to a select few! If the union leadership was so intent on "giving" thelittle guy the money they would use the power of that union to truly make our country better. Insteadthe union leadership waste union dues on keeping certain politicians in power that will continue to feedtheir lust for power. Also, do any of these ignorant people understand that the moment the stockmarket crashes they will lose any money in their 401K and pension plans...explain how you willdestroy our economy and still keep the money? The only thing they will do is open the door wide,along with every window and back door, for a complete takeover of our country by the likes of China orRussia...keep playing with fire, we will all be burned!
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ron ahlers on Mar 22, 1:37 PM said:
@Disgusted: DONT WASTE TIME EXPLAININGFREEDOM,CAPITALISM,CONSTITUTIONAL GOVERNMENT TOMARXISTS....SPEND TIME DEFEATING THEM IN ELECTIONS.
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Dave B on Mar 22, 10:09 AM said:
same scenario as the ME, both sides of this conflict are the problem, the unionsand the banks working together to destroy the 65% of the middle class.
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GT26 on Mar 22, 10:10 AM said:
Shouldn't Glynnis be working on this Glenn Beck story? Flag as Offensive
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'd like to have an expert opinion on this:)
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Mac-101 on Mar 22, 11:08 AM said:
@GT26: Isn't this something like that CRAZY Glen Becks been talkin about forover a year or two? If we go further back sounds like something Joe McCarthywas warning us about. Don't tell me they are correct! LOL!
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dzdork on Mar 22, 11:19 AM said:
@Mac-101: The VENONA Project files, declassified in 1995, providedindisputable evidence that nearly all of those McCarthy accused were traitorsto America.
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steverooni on Mar 22, 12:23 PM said:
@Mac-101: actually McCarthy was proven and documented as being right onthe money over a decade ago but lib's dont want the truth, they fight it at everyturn.
there's a word for what this seiu douchebag is doing, it's called TREASON.
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Macaroni on Mar 22, 12:33 PM said:
@steverooni: Actually, this is defined as domestic terrorism. Flag as Offensive
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X on Mar 22, 10:11 AM said:
Wow. So the plan is to cause another Depression? '
And in the chaos these nutballs think they can "take the banks' power"?
Um, okay. They realize this is not actually Lord of Rings right?
When did lobbying for safe working conditions transition into some hackneyed Evil Overlord plan??Probably right after everyone agreed that safe working conditions were perfectly reasonable things todemand, now that I think about it.
And these are people who have/still do control a lot of government policy... Can we put a shrink on staffbefore we let people lobby the government, please? Something that will stop these people at the door.
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Charlie on Mar 22, 10:13 AM said:
Sounds like a plan. How can I help? Flag as Offensive 11 58
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sandyinohio on Mar 22, 12:09 PM said:
@Charlie: Ever notice that about 1/3 of the nation is nutty and socialist? Nomatter the survey...always vote DEM although not all Dems (about 25%) NOTsocialists.
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Charlie on Mar 22, 1:14 PM said:
@sandyinohio: You'll more (and accurate) information about me by just askingme instead saying things like "ever notice that.....blah, blah, blah,"
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Charlie on Mar 22, 1:14 PM said: 0 0
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@sandyinohio: You'll more (and accurate) information about me by just askingme instead saying things like "ever notice that.....blah, blah, blah,"
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Paula on Mar 22, 10:13 AM said:
Provocative (with a touch of intrigue to boot) to be sure, but other than putting abig fat target on his (Steven Lerner) back for ridicule...nothing will really happen.
These types of discussions are what fuel labor organizations. Always have. On the flip side, Boards ofDirectors have equally repugnant discussions and strategic plans on how to crush threats and redistributewealth to their (shareholders) pockets. Familiar with old Management Consultant technique of SWAT
analysis? Just business as usual. We are only getting glimpse under the curtain, that's all.
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Dave B on Mar 22, 10:27 AM said:
@Paula: and the CO in chief has his back, Soros and obama win either way. Flag as Offensive
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SD on Mar 22, 12:50 PM said:
@Paula: Paula, that's "SWOT" analysis for strengths, weaknesses,opportunities and threats. Their shareholders are investors in a risky businessproposition and deserve a return on their investment. Governments, and government programs do notcreate wealth, they siphon capital away from those who create wealth. Capitalism is not a zero sumsituation, everyone can benefit and growth wealth in the process. Redistribution is a zero sum - takefrom one(who earned it) in order to give to another (who did not).
If you just bother to learn a little about business, economics and the founding principles that enabledthis country to become the most prosperous nation on earth, you might realize that it is the bloatedgovernment that is our biggest problem.
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Johnny on Mar 22, 10:15 AM said:
Obviously this will not occur, or if it does, it will fail in a grand fashion.
Why?
Once the good weather settles in, the union workers and students will prefer to protest by posting bittermessages on obscure internet forums.
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Silly Rabbit on Mar 22, 10:26 AM said:
So they want to destroy the stock market....which would destroy the unionpensions....which would destroy the middle class worse than the evil rich of wallstreet. How is that good?
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dzdork on Mar 22, 10:53 AM said:
@Silly Rabbit: Shows how much they care about those they represent. It'sabout socialism and a one world government.
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epicure3 on Mar 22, 10:29 AM said:
Throw him in jail and confiscate his books by Karl Marx. What a tool. Flag as Offensive
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dpx55 on Mar 22, 10:32 AM said: 68 8
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This is the very definition of sedition and it should be treated as such. Flag as Offensive
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tcawa on Mar 22, 12:28 PM said:
@dpx55: This is a text book RICO case. Do it! Let's see how that works out foryou.
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RV on Mar 22, 10:36 AM said:
'm a banker and I'd gladly take up arms against fat commies like Lerner and hiscomrades.
"Lerner"...how typical. His people are ALWAYS creating instability, subverting the established order, andcreating mayhem. Eff 'em.
Lerner is representative of the extreme left-wing operatives who are hell-bent on transforming the US intosome third world Communist hell-hole where capitalists, bankers, white people, conservatives, andChristians are treated just like the Jews were treated in 1930s Germany.
Bring it on, commies.
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yep on Mar 22, 10:42 AM said:
@RV: The only "commies" are bankers feeding at the FED trough,redistributing public money into their pockets and pitching restructuring plansto offshore American jobs to communist China. Big talk from the ivory tower.
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grumpo on Mar 22, 10:54 AM said:
@RV: I think he's talking about real bankers. Your teller gig at the CreditUnion doesn't count.
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RV on Mar 22, 11:23 AM said:
@grumpo: You wish. Keep underestimating us, commie.
Like I said: bring it on.
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grumpo on Mar 22, 11:28 AM said:
@RV: I imagine the only firearm you've ever been close to is the one the guyhad when he robbed the credit union. True?
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Joe123 on Mar 22, 11:33 AM said:
@Matt L: So you approve of Che's work then? Butchering your economicenemies? And this improves the word how?
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Matt L on Mar 22, 11:48 AM said:
@Joe123: Despite what we are taught in schools, the power in the US hasalways been skewed towards the elite and the rich.
HOWEVER, once up on a time the elites feared the masses uprising against them. By dividing themasses into individual blocks and pitting each against the other, they have kept power. By throwing
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out little morsels to the common man they have kept the peace.
Somewhere along the way they (politicians and the ultra wealthy) they lost fear of the populace. Theynow think they can rob and steal in the open with impunity. And to an extent they are right ..... Theindividual citizen has lost the power for change by stupidity or self interest. But the time is coming thatthey will grab it back, and it is going to be a shock to the system.
There is a great quote from a childrens movie of all things .... from the movie Antz.
You let one ant stand up to us - then they all might stand up. Those puny little ants outnumber us a100 to one. And if they ever figure that out, there goes our way of life. - Hopper
There is all the reason you need right there!
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Midlo on Mar 22, 12:54 PM said:
@Matt L: "the power in the US has always been skewed towards the elite andthe rich" Why just the US ?Get a clue, since the beginning of time it's been that way all over the world. There will always be rich &poor people. There has to be. The diff in the US is most people can work hard to accumulate wealthand move from lower class to middle & upper class. Most countries in the world don't allow that tohappen. Lazy bastards want to complain that someone took the money they DIDN'T earn and thensteal someone elses wealth. Life's a bitch and she ain't fair, so deal with it you whiningsocialist/commie bastards.
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killben on Mar 22, 10:41 AM said:
All the right ideas. Ideas are as good as its implementation. Let us see how well its implemented!
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Nigella (URL) on Mar 22, 12:35 PM said:
@killben: It's certainly a simple idea. I wonder how many people would need togo on 'strike' to bring this about?
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threechordsloth on Mar 22, 10:42 AM said:
Oh great. So essentially, Mr. Lerner has no problems with a rigged, cronycapitalist economy, run for the benefit of special, chosen insiders... he's just madhat his little band of merry men ain't getting a big enough cut.
Count me out. I don't want to trade one set of slavers for another.
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tp on Mar 22, 10:43 AM said:
Have we become an illiterate nation?"There" is not the same as "their.""In masse" is not the same as "en masse."sheesh
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Dave B on Mar 22, 11:34 AM said:
@tp: YES. Flag as Offensive
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Sue on Mar 22, 10:47 AM said:
The BANKS are trying to destroy the country? People, are you crazy? Who arehese commenters? Sympathizers with the left, I believe. Our problem as themiddle class is the government. THEY have spent ALL your money and indebted you and your children$15 TRILLION. Why is your standard of living decreasing? Because the GOV'T and Obama are devaluingyour dollar and increasing your costs. On top of that, Obama has completely stopped new drilling for oiland is buying up valuable land so it can't be used. BUT Obama is helping Venenzuela drill with a $2 billiongift of YOUR MONEY! This is KILLING PROSPERITY in this country. You want to know what the sweet
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nnocent left wants to do - destroy your country. It's all about THEIR power, THEIR wealth, while we suffer.
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sandyinohio on Mar 22, 12:20 PM said:
@Sue: Sweet SUE is right on it! Watch what/who you vote for next election;don't buy this "change" again!!!
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Mary Stewart on Mar 22, 10:52 AM said:
'm sorry..there's a lot of low paid workers at these banks that will be destroyed aswell. Real good plan there. There are thousands that work at these places thathave nothing to do with this. Yep..punish the teller and the IT guy, brilliant strategy. Wait..that is theirstrategy...punish everyone to get to a few. That makes as much sense as bombing Libya right now.
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dzdork on Mar 22, 11:22 AM said:
@Mary Stewart: agree. Plus, it's punish everyone to benefit a few elites. Flag as Offensive
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Libertarian on Mar 22, 11:37 AM said:
@Mary Stewart: So we should continue to subsidize the rank and file of JPMrather than let buggy whip assemblers find new employment? Or is this whereyou claim that JPM's business, and by extension finance as a whole shouldn't contract?
"You tell me that if I take the deposits from the bank and annul the charter, I shall ruin 10,000 families.That may be true, gentlemen, but that is your sin. Should I let you go on, you will ruin 50,000 families,and that would be my sin." - TJ
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Libertarian on Mar 22, 11:42 AM said:
@Mary Stewart: So we should continue to subsidize the rank and file of JPMinstead of letting buggy whip assemblers find new employment? Or do youclaim that JPM and by extension finance as a whole doesn't need to contract?
"You tell me that if I take the deposits from the bank and annul the charter, I shall ruin 10,000 families.That may be true, gentlemen, but that is your sin. Should I let you go on, you will ruin 50,000 families,and that would be my sin." - TJ
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What? on Mar 22, 11:43 AM said:
@Libertarian: Nice to see we started moderating... Flag as Offensive
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pescador on Mar 22, 11:45 AM said:
@Mary Stewart: Yes. But, they are not union members. Flag as Offensive
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John2 on Mar 22, 11:06 AM said:
@Matt L: I kind of agree with you. I am not a big union supporter but WallStreet and their like manipulate the media to make other enemies besidesthemselves while they destroy the middle class to line their pockets.
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dzdork on Mar 22, 11:14 AM said:
@Matt L: You are falling right into their hands. Look up George Soros' ties toSEIU. You don't get much richer than Soros. And this wouldn't be the firsteconomy Soros has collapsed.
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Matt L on Mar 22, 11:40 AM said:
@dzdork: Look at the Tea Parties ties to the Koch's ... look at the Republicanties to Rupert Murdoch ... look at both parties ties to Wall Street and theFinancial Sector.
I am not saying the SEIU is right .... I'm saying that both parties are WRONG!..... I'm saying it's timeto burn this whole damn country down and put the bankers where they belong.
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dzdork on Mar 22, 12:00 PM said:
@Matt L: I'm not saying the rich are guilty for being rich. I'm not promotingWall Street either. It's just that the left is choosing scapegoats (if you read thetranscript the choice of JP Morgan is a deliberate choice of a scapegoat) and using class warfare tolead the sheep to slaughter.
The tea party isn't an organization like the SEIU is. Numerous Tea Party and 9-12 organizations haveformed as a result of people seeking out other like-minded individuals. It's been a small movementthat has snow-balled. True grassroots. It also isn't a wing of the Republican party. There are
Libertarians, Independents, Republicans and probably a few from other parties. A lot of Tea Partypeople do not like George Bush or John McCain.
The goals of the Tea Party are to get back to the roots of what our country was founded on. Pre-Federal Reserve, State empowerment, Small limited federal government.
What do you think is going to happen to those of us who aren't rich enough to withstand a collapse ofthe U.S. economy? Do you think we are going to be better off? Don't be naive and think it can'thappen here, because it can.
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lipton on Mar 22, 12:12 PM said:
@Matt L: I think the connection of the tea parties to Koch is much more
limited than the union leaders having daily phone calls wiht the White Houseand thrice weekly visits to the white house, and as for Wall Street. How many people from GoldmanSachs have been working in the White House. Timothy Geintner worked for Goldman Sachs. Did youbother to notice that Rahm Emanuel was on the board of Fannie Mae and pocketed million dollarbonuses during the housing bubble?
sorry there is no equivalence between what this guy is talking about and the tea parrties/Koch.
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lipton on Mar 22, 12:25 PM said:
@Matt L: The US has the most progressive tax structure in the west. 47% ofAmerican don't pay any taxes and we have the 2nd highest corporate tax rate.
where exactly are we supposed to get the money to bring you up to the level of income you feel youdeserve?
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Matt L on Mar 22, 12:29 PM said:
@dzdork: The problem is the Tea Party doesn't even have a basicunderstanding of the roots that our country was founded on. They just believepablum that has been fed to them about the myth of our great equality and how we got prosperous.
Would you like us to go back to the robber barons? or do you want us to go back a little further to theelites of the early americas?
People have pretty short memories and always believe that the US was a better place when they were
young.
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Matt L on Mar 22, 12:34 PM said:
@lipton: How many members of Goldman Sachs have worked in the last 4White Houses?
They prosper under both Democrat and Republican regimes for a reason. They know how to spread
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
http://slidepdf.com/reader/full/former-seiu-official-reveals-secret-plan-to-destroy-jp-morgan-crash-the-stock 20/21
the money around and they are equal opportunity pimps when they buy their partisan whores.
People are so wrapped up in this partisan bullshit, that they can't see the problems. It's notdemocrat ...it's not republican ....it's the same person that pays BOTH the republicans and thedemocrats.
People from every administration from Lyndon Johnson to Nixon to Ford to Carter to Reagan to Bush Ito Clinton to Bush II found their way into Fannie and Freddie. And they all screwed the UStaxpayer .... every last one of them.
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Matt L on Mar 22, 12:39 PM said:
@lipton : Yes we do have the 2nd highest corporate tax rate in the world. Theonly problem is the vast majority of LARGE corporations in the US pay little orno tax. It's small and medium sized businesses that get screwed with high taxation.
There is no such thing as fair taxation in this country and to make claims that big corporations areovertaxed is ignorant of the facts.
The fact that small businesses are being crushed by the unfair taxation and burden put on them is thereason why there is no job or business creation.
Lower the corporate tax rate and eliminate every last loophole. If it's 25% ... pay 25% .... if you arethe largest companies in the world.
If you want to talk individual tax rates. Let's talk about the falling income level of US citizens and thebackdoor taxation that is going on at every level of the economy.
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Gary Anderson (URL) on Mar 22, 1:12 PM said:
@dzdork: Hey Dork, the class warfare came from the top. Do you work forCNBC? You sure talk like them.
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Gary Anderson (URL) on Mar 22, 1:14 PM said:
@Matt L: Matt, I agree, both parties were at fault. Except now the Republicanswant another bubble and the Dems want protections for consumers. The Demswere in on it but they know their days are numbered if they don't fight some for the working people.
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dzdork on Mar 22, 1:26 PM said:
@Matt L: When you refer to robber barons, do you mean those who were truemarket capitalists or those who used the government to prop up their productthrough regulation or subsidies?
Do you think Tea Party people believe that the history of this country is without it's mistakes? In anysociety, there will be those who screw up and those who are just purely evil.
And what would you prefer? A socialist utopia? Yeah, that always turns out so well.
I choose individualism over collectivismI choose capitalism over socialismI choose decentralized power over centralized power
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dzdork on Mar 22, 1:34 PM said:
@Gary Anderson: it's dzdork. nope. don't even watch them.i'm a small fry, single mom, self-employed graphic designer
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dzdork on Mar 22, 1:38 PM said:
@Gary Anderson: Most tea party people can see past the party labels. Thosewho continue the R vs. D argument just don't get it.
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yep on Mar 22, 1:51 PM said:
@dzdork: Wall Street has embraced centralized power. Witness the revolving Flag as Offensive
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8/7/2019 Former SEIU Official Reveals Secret Plan to Destroy JP Morgan, Crash the Stock Market, And Redistribute Wealth in…
http://slidepdf.com/reader/full/former-seiu-official-reveals-secret-plan-to-destroy-jp-morgan-crash-the-stock 21/21
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door between DC and the Street. Wall Street has embraced socialism for therich - witness the onoging trillions in bailouts, subsidies, loans and Fed Reserve handouts. WallStreet has embraced collectivism - the banks and other large corps form thousands of organizationsto lobby congress and pursue similar goals.
Open your eyes.
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