G-20 Protesters Clash With Police in Pittsburgh »
Posted By Eagle_Eye 1 month, 4 weeks ago in Political NewsPolice threw canisters of pepper spray and smoke at anarchists protesting the Group of 20 summit Thursday after the marchers responded to calls to disperse by rolling trash bins and throwing rocks. Before the fracas was over, police arrested around 20 protesters. No serious injuries were reported.
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cjsmay1 month, 4 weeks ago
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You are a bit to tolerant ,Sure the people and a lot more of them, should protest and they should get a hell of a lot rougher than they are.Why do we need the G-20 telling us what to do? we do not.This was a bad idea from the start,just like all this free trade ( take away your jobs ) bull crap.Republican terror organizers have got you brainwashed.Wake up you are going to lose your republic if you do not.We are a nation of educated idiots and not a wit of wisdon in the whole bunch.Go ahead and throw your republic away,you will wish to hell you hadn't on down the road.Squash brain that is what this kinda of thinking is.
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MisterX1 month, 4 weeks ago
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FTA: "Police, in an overwhelming show of force, declared the march illegal almost as soon as it began, firing rubber bullets and canisters of pepper spray and smoke after small bands of anarchists responded to calls to disperse by rolling huge metal trash bins, throwing rocks and breaking windows."
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I beg to differ. Either I missed something here, or the local media duped me good - watching it live on television. The only stones that were thrown went into a few shop windows and a few ATM's got busted - none were thrown in this incident, and none were thrown at the police. The worst that happened at this protest was a SWAT vehicle/armored car gave off an ear-piercing screech. It was enough to disperse most of them. No more than a handful were arrested here. The first arrest was on a dude who sat in front of the armored car.
Until late last night, the police only used OC vapor - nothing stronger. I didn't hear about flash-bangs being used. Rubber bullets may have been used at the Cathedral of Learning Thursday night. Also, I didn't see anything regarding trash bins being rolled out.
You can see more damage done during any typical week of the year in the Burgh (slightly more in Youngstown). The G-20 protests were relatively mild.
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hyperbola1 month, 4 weeks ago
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This article is just about how the corporate media tries to "frame" stories to serve their corporate masters. The fact is that the G20 meeting turned out to be nothing more than "self-congratulaton" by an incestuous group of oligarchs whose main concern and main "accomplishment" has been nothing more than massive payoffs to the corrupt oligarchs that caused the economic crash and who abuse an ever greater proportion of the Americn and world population. And Obama increasingly shows himself as just another puppet hired by the oligarchs.
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Stiglitz: For all his talk, Obama Has NOT Wound in Wall Street
http://www.propeller.com/story/2009/09/17/stiglitz...
With a blank cheque from taxpayers and no real reform the perverse incentives for risk-taking are bigger than ever. The anniversary of the Lehman Brothers' bankruptcy and the freezing of the credit markets that followed is an occasion for reflection. I fear that our collective response has been mistaken and inadequate - that we may just have made matters worse.
The financial sector would like us to believe that if only the Federal Reserve and the Treasury had leapt to the rescue of Lehmans all would have been fine. Sheer nonsense. Lehmans was not a cause but a consequence: a consequence of flawed lending practices, and of inadequate oversight by regulators.
Financial markets had lent on the basis of a bubble - a bubble in large part of their making. They had incentive structures that encouraged excessive risk-taking and shortsighted behaviour. And that was no accident. It was the fruit of vigorous lobbying, which strived equally hard to prevent regulation of changes in the financial structure, new products like credit default swaps - which, while supposedly designed to manage risk, actually created it - and ingenious devices to exploit poor and uninformed borrowers and investors. The sector may not have made good economic investments, but its political investments paid off handsomely.
...Bailing out the US banks need not have meant bailing out the bankers, their shareholders, and bondholders. We could have kept the banks as ongoing institutions, even if we had played by the ordinary rules of capitalism which say that when a firm can't meet its obligations to creditors, the shareholders lose everything.-
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hyperbola1 month, 4 weeks ago
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Unquestionably we should not have allowed banks to become so big and so intertwined that their failure would cause a crisis. But the Obama administration has created a new concept: institutions too big to be resolved, too big for capital markets to provide the necessary discipline. The perverse incentives for excessive risk-taking at taxpayers' expense are even worse with the too-big-to-be-resolved banks than they are at the too-big-to-fail institutions. We have signed a blank cheque on the public purse. We have not circumscribed their gambling - indeed, they have access to funds from the Fed at close to zero interest rates, and it appears that "trading profits" have (besides "accounting" changes) become the major source of returns.
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Last night Barack Obama defended his administration's response to the financial crisis, but the reality is that a year on from Lehmans' collapse, it has failed to take adequate steps to restrict institutions' size, their risk-taking, and their interconnectedness. Indeed, it has allowed the big banks to become even bigger - just as it has failed to stem the flow of profligate executive bonuses. Obama's call on Wall Street yesterday to support "the most ambitious overhaul of the financial system since the Great Depression" is welcome - but the devil, as ever, will be in the detail.
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tadair9191 month, 4 weeks ago
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here's a real report on the G-20 event: http://www.propeller.com/story/2009/09/25/report-f...
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guitarfreakstyle1 month, 4 weeks ago
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This G20 summit meeting was absolutely militant and unconstitutional. The U.S. Military works for the American people. The Government using the U.S. military to protect the meeting was Communist and a Violation of Civil Rights. The media completely lied. The Police and military fired sound cannons at the people, causing the people to fall to the ground. Google a sound cannon. The Military used them on the Civilians of Iraq. Protesting is absolutely constitutional. As long as we have a constitution, or at least until Barack Odumbass destroys it Everyone must protest. As for you Half wacked Libtard liberals that stop at nothing to bash republicans for calling out the Libtards for what they are. Anti-American marxists.
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