# Occupy Wallstreet **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [September 29, 2011, 12:57pm UTC](https://forums.speedlife.net/t/occupy-wallstreet/260647 "2011-09-29T12:57:52Z")\ **Posts on this page:** 1\ **Showing post:** 86
**Author:** ![Hang\_Your\_Cross](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hang_your_cross/32/6381_2.png) [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)\ **Post date:** [October 6, 2011, 11:56am UTC](https://forums.speedlife.net/t/occupy-wallstreet/260647/86 "2011-10-06T11:56:34Z")
> [@FS: Garage sale Integra/Civic](https://forums.speedlife.net/t/fs-garage-sale-integra-civic/35460/69): > > Actually, it was all of those people. The economic collapse we saw was a direct result of the burst in the housing bubble, which was caused by poor people buying homes they couldn’t afford and banks giving them the money to do it, thanks to government telling them they had to. Common sense tells you if you make $40K per year you shouldn’t buy a $200K home, but people were happy to do it and banks were happy to let them. > > If you want to protest, do it in front of Fannie Mae’s offices, not on Wall Street. Or we can say it was predatory lenders who were going after people who had FHA loans since the 70s, and the thought of possibly saving some more money via subprime loan looked great especially when these people were living on a limited income. The banks weren’t forced to give these people loans. The banks choose to work this way, cook their books, and S&P (which is a POS agency to begin with) gave these securities an AAA rating despite them knowing full well it will fail. Once again, it’s people, “working smarter, not harder” as Singh said, that caused this collapse. Those “smart” people are people who knew how to hide the bad, exaggerate the good, and exploit the ignorant for huge financial gains on the backs of the working class. **Again, why does wall st. and the financial sectors deserve time in and time out to be bailed out by the taxpayers, when in fact they are the ones that caused this?** --- _[View the full topic](https://forums.speedlife.net/t/occupy-wallstreet/260647)._