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Title: Even the hyper liberal Oakland city council is fed up with the Occupy movement.
Source: AT.com
URL Source: http://www.americanthinker.com/blog ... city_officials_at_meeting.html
Published: Nov 4, 2011
Author: Rick Moran
Post Date: 2011-11-04 21:52:55 by CZ82
Keywords: None
Views: 4189
Comments: 10

Occupy Oakland supporters shout down city officials at meeting

Rick Moran

Even the hyper liberal Oakland city council is fed up with the Occupy movement.

A majority of the Oakland City Council indicated late Thursday that they would like an end to the Occupy Oakland encampment in front of City Hall, but they did not vote on any proposals.

The statements came at the end of a five-hour meeting during which hundreds of people crammed into the council chambers for an emotionally charged discussion about whether to allow the encampment to remain at Frank Ogawa Plaza with city support. Several times, the rowdy crowd shouted down city officials as they tried to speak.

But after hearing from speakers who support the camp and others who said it hurts the city, Councilwoman Desley Brooks, a strong supporter of the camp, expressed reservations.

"I believe and understand the lack of hope and pain and frustration that people are feeling," said Brooks, who represents the East Oakland and who had camped with protesters for the first two nights and had been a regular visitor. "But I have been extremely troubled by how far do we allow your rights to go and infringe on other people's rights."

Brooks said the City Council is one of the most progressive in the nation, but added that campers did not try to work with the council.

"This is a council that would have worked with you," she said.

Truly pathetic. Brooks just doesn't get it. It doesn't matter how "progressive" city officials are, the Occupy Oakland leaders are even farther to the left. And if they worked with the city council, it would defeat the purpose of the entire movement.

These protestors could care less about other people's rights. Rights are meaningless to them anyway. What matters is power, not rights, and violence has given the protestors more power than they should have. They intimidated the port authorities to shut down the facility in order to protect the lives of their workers, who were endangered by the "peaceful" protestors who set fires, threw chunks of concrete at police, and prevented trucks from going in or out of the port thus making the drivers virtual hostages.

This is power as exercised by the street. Why should the protestors give that up by surrendering to the city council? It's why we should expect more and escalating violence in Oakland as a result of city offocials coddling the thugs by telling them they agree with their goals and allowing them to do just about anything they please.


Poster Comment:

My how novel, Leftards getting sick of other Leftards..... LOL.....

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 1.

#1. To: CZ82 (#0) (Edited)

Hey you 1%ers.

Know the difference between Initial and Maintenance Margins?

Well it doesn't matter. Not really. Cause as of Monday the CME Chicago has just announced that there isn't any.

Pony up by Monday PM or your accounts will be liquidated....

BUWAHAHAHAHAHAHAHA 8D

And we'll let MFGLOBAL's O So informative Website explain it to us:

BUWAHAHAHAHAHAHAHA

www.mfglobal.com/individu.../what-are-futures#lesson4

Initial Margin vs. Maintenance Margin

There are two types of margin requirements in futures:

* Initial margin is the amount of funds that you must deposit when the positions are initially put on. * Maintenance margin is the minimum balance that must be maintained in a trading account to keep positions.

Don't make the common beginner's mistake of trying to add the two numbers together. Rather, think of maintenance margin as a subset of initial margin.

Maintenance margin is usually a smaller number than initial margin and really doesn't come into play unless the account balance is shrinking due to losses. If the value of the account balance falls below maintenance level then you're required to get the account back into compliance (a margin call). You can do this by either sending more money (raising the balance back up to initial margin) or lightening up your position (lowering the initial margin back down to the balance).

Here are a few sample margin requirements (as of 2//11; subject to change without notice at any time): Futures Contract Contract Value Initial Margin Maintenance Margin CME E-Mini S&P® $65,700 $5,625 $4,500 Gold $140,700 $5,739 $4,251 10-Year T-Note $120,000.00 $1,890 $1,400 CME Canadian Dollar $101,000 $2,430 $1,800 Crude Oil $97,000 $5,063 $3,750 DJIA ($10) $120,096 $13,000 $10,400 Soybeans $65,000 $2,700 $2,000

Notice that maintenance margin is usually a smaller number than initial margin. In the case of the E-Mini S&P futures contract, you'll need at least $5,625 (initial margin) in your account to buy or sell a single contract. To trade 10 contracts you'd need $56,250 (10 x $5,625).

If the value of your account balance falls below $4,500 per contract (maintenance margin), you'll get a margin call requiring that you bring your balance back to at least $5,625 times the number of contracts you hold. Or, you can choose to offset all or part of the position.

mcgowanjm  posted on  2011-11-04   22:32:47 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: All (#1)

And you can thank DOn Corzine and his Stealing....

wait for it....

$1.45 Billion

from his Customers' Accounts.

Why isn't Don Corzine in jail now?

mcgowanjm  posted on  2011-11-04 22:35:01 ET  Reply   Untrace   Trace   Private Reply  


#3. To: mcgowanjm (#1)

Initial Margin vs. Maintenance Margin

Okay, now I almost get it.

Fred Mertz  posted on  2011-11-05 11:10:53 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

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