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Protests against Wall St bailout starts

Looks like the protesting has started. You can kinda see their point!

http://money.cnn.com/2008/09/25/news/economy/bailout_protests/?postversion=2008092515
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Comments

  • If I were American I'd certainly be protesting!
  • GDB2222
    GDB2222 Posts: 26,049 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If I were King Canute, I'd certainly be protesting about getting my feet wet.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • zappahey
    zappahey Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    GDB2222 wrote: »
    If I were King Canute, I'd certainly be protesting about getting my feet wet.

    <pedantic mode>

    If you were King Canute, you would fully expect to get your feet wet.
    What goes around - comes around
  • alared
    alared Posts: 4,029 Forumite
    Must say I`d be livid too.
    The greedy banks have ripped customers off for years in their quest for obscene profits.
    Now everything`s come tumbling down they expect the people they`ve robbed for years to bail them out!
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    zappahey wrote: »
    <pedantic mode>

    If you were King Canute, you would fully expect to get your feet wet.
    <even more pedantic>

    Surely the point about King Canute was that he didn't expect to get his feet wet?
  • GracieP
    GracieP Posts: 1,263 Forumite
    mewbie wrote: »
    <even more pedantic>

    Surely the point about King Canute was that he didn't expect to get his feet wet?

    No, King Canute "tried" to hold back the tide as a demonstration to his courtiers that he was not omnipotent. He knew he couldn't hold the tide back and that his feet would get wet.

    http://www.inspirationalstories.com/0/91.html
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    GracieP wrote: »
    No, King Canute "tried" to hold back the tide as a demonstration to his courtiers that he was not omnipotent. He knew he couldn't hold the tide back and that his feet would get wet.

    http://www.inspirationalstories.com/0/91.html
    Thanks for pointing that out before I made a fool of myself on a public forum! Phew. History eh! Another subject I was useless at.
  • GDB2222
    GDB2222 Posts: 26,049 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Anyway, my point was that despite the incredible unfairness, it needs to be done, so there's not much point in protesting.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Kez100
    Kez100 Posts: 2,236 Forumite
    I also agree it needs to be done.

    I cannot see however, why within this they cannot also secure homes with less foreclosures - perhaps turn them into social rentals to same people? (maybe not possible in a country with no benefit system or have they?) Also make sure none of those responsible gain.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    GracieP wrote: »
    No, King Canute "tried" to hold back the tide as a demonstration to his courtiers that he was not omnipotent. He knew he couldn't hold the tide back and that his feet would get wet.

    http://www.inspirationalstories.com/0/91.html

    good reliable source :rolleyes:

    the original fable was that canute commanded the tide to stop coming in and when it did not he realised the limits of his own power. it was later adjusted by retelling to the sort of thing in your source, probably as a religious tool. it's all just a myth anyway, that has been altered by chinese whispers.
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