hype cog

Occupy Wall Street

Oct 23, 2011 @ 22:42
Most use LIFO to reduce tax liability by offsetting the effects of inflation. And one of the biggest problems with IFRS is the freedom in reporting style that makes conformity an issue.
Oct 23, 2011 @ 23:43
<p>Harping on minutiae or having an idea of how things actually work?</p>
<p>LOL I have my CPA and CFE. And have a hard time believing you are anything more than maaaaybe an intern doing M&A work anywhere. Sure institutions helped, but consumers were lying on the applications and as you said overextending themselves. There are fingers to be pointed across multiple sectors. I think the biggest part is a complete lack of self responsibility in regards to finances and life in general right now.</p>
<p>My bad you aren’t the M&A one, you probably are a full time occupier. Good luck with that.</p>


I'm not in finance at all. I hate that shit and leave it to the number crunchers, just make sure the month end is closed properly, the forecasts are accurate, and tell me daily cash and I'm good.

But it's just like a finance person to pass blame. These banks and loan officers knew damn well many of the people weren't qualified for the loans they were approving. The finance people in these non banking corporations also were complicit in a lot of the slicing and dicing of the books and helping the management to pull the wool over investors, public, and employees eyes.

I've already distributed blame to the consumer too, but you're acting like finance people had nothing to do with it when in fact they were a large part of why we got where we are. I get the sense that you're on big business side in this whole thing. Not saying they're all the devil, but they are just as much at fault.
Oct 23, 2011 @ 23:44
ok yes that is the reason for using LIFO but it isnt used as much as FIFO, correct? can you explain the "freedom in reporting" style in IFRS that makes conformity an issue? the SEC is obviously making the effort to eventually erase gaap. regardless if you like it or not GAAP seems to be on its way out in the future. obviously businesses will using LIFO will not want immediate change, and there shouldnt be, but eventually it seems inevitable
Oct 24, 2011 @ 02:27
When I was in public accounting the clients I directly worked with were a pretty even split (among those that had inventory). Not sure why LIFO is getting the bad wrap on here as it was always a more accurate measure of the actual cost of goods going out, instead of overvaluing earnings with FIFO.
Oct 24, 2011 @ 02:48

http://WORLDWIDEwavy.tumblr.com/

Oct 24, 2011 @ 17:09
<p><img class="lazy-load" data-original="http://a8.sphotos.ak.fbcdn.net/hphotos-ak-ash4/301517_238071412917624_100001443005004_688097_1086396399_n.jpg"></p>

qft
*dead*
Oct 24, 2011 @ 17:20

FS-DS: Supreme Kate Moss Tee – Grey Medium (yeaimty.tumblr.com)

Oct 24, 2011 @ 19:50
Some one with a sense of direction and understanding of the country needs to pick this movement up and give it some guidance/meaning.

I'm surprised Obama didn't jump on it ASAP, if spun correctly he coulda ofcoasted into another term against such a weak GoP field.... SMH
Oct 24, 2011 @ 20:35
^missing the point

All I do is smoke weed and listen to MF DOOM

Oct 24, 2011 @ 21:33
<p>^missing the point</p>


comments like this urk me cause they insinuate that you do know the point, but don't want to tell anyone else....

chances are you have no clue, but want to stand on the side of the protesters....
Oct 24, 2011 @ 21:40
Occupy Wallstreet has good intentions but everything about it is very oblivious.

Majority of the people participating are just hipsters who want to participate in a riot, they don't understand the true intentions of the protest.
Oct 24, 2011 @ 22:00
<p>
</p><blockquote>
<div class="quote-info">
<div class="quote-from">Originally posted by
<div class="quote-name">damnwitless1</div>
</div>
</div>
<div class="quote-content">
<p>^missing the point</p>
</div>
</blockquote>
<p>comments like this urk me cause they insinuate that you do know the point, but don’t want to tell anyone else…. </p>
<p>chances are you have no clue, but want to stand on the side of the protesters….</p>


lol, the point is the chaos, making a stir, if you're focused on leadership or "the guidance/meaning" of the shit than you obviously don't see the fact that OWS is intended to transcend all that bullshit and functions more than anything as political white noise

All I do is smoke weed and listen to MF DOOM

Oct 24, 2011 @ 22:04
...
Oct 25, 2011 @ 03:32
lol. i hear you dead7 and i agree. this movement isn't well organized, but in a way i don't think it's intended to be...yet. being loose and less defined means more people can associate/sympathize with them. it may gel into something but who knows. the tea party is more organized but also very polarizing. not so much because of their stance on things, but because it's kind of like they're a conservative extremist nra birther baptist bible study group.
Oct 25, 2011 @ 17:17
some one please tell me its not true that a 19yr old 1/2 retarded girl got raped at an OWS demonstration....

SMDH
Oct 25, 2011 @ 21:05
Ok, here's my 2 cents on this topic. I think It's pathetic what the people over at Occupy Wall Street are doing. I wanted to believe in Occupy Wall Street but I have now realized that it's going nowhere, and if it does accomplish anything It's going to be very minuscule. What some of these people are asking for is a complete change in the way we run our government. They're asking to change a system that has been going on since the beginning of time. It's in human nature to be greedy. As long as their is money to be made their is going to be a "1%." It's just a fad, Americans want to be like the true revolutionaries from the Middle East. These people were oppressed for decades, and decided to take action, doing whatever it took to gain freedom. Occupy Wall Street is something that will never come to fruit because it's not something the American public is willing to die for. It's simple as that, in order to start a real revolution, in order for a real change to come, people have to be willing to die for their cause.

coup.headops@gmail.com

Oct 25, 2011 @ 21:29
yea complacency seems to be an issue, I feel like america as an empirical force might die soon and we will have to revert back to being a production based economy. Hopefully..
Oct 26, 2011 @ 04:57
Oct 26, 2011 @ 20:09
<p><img class="lazy-load" data-original="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/310637_2401946404850_1136777814_3897571_1123034735_n.jpg"></p>


qft

Last.fm - DStyles23 Xbox Live GT: DStyles23

Oct 26, 2011 @ 21:10
<p>this person kind of missed the point of the occupy movement.</p>

which is?
Oct 26, 2011 @ 21:42
<p><img class="lazy-load" data-original="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/310637_2401946404850_1136777814_3897571_1123034735_n.jpg"></p>


why should that idiot blame wall street? He hasnt had the opportunity to purchase a house through a mortgage than have that house drop its value in HALF and still have to pay the mortgage based on the original higher value (aint that a bitch) than be downsized by corporate america due to a recession that could have been a depression if old Obama didnt bail everyone out. Also that cunt probally doesnt have a wife and or kids to support SOLELY based upon their income. That sign is absolutely ridiculous and has no real basis on the economic problems facing the country today. However thinking and actions like his would have GREATLY minimized the bubble popping. That is being responsible which isnt left or right its just smart.

The only group I really hate more than tea baggers are super deuchy FAKE idealistic college f*cks. Lets see how quickly his tune changes when he trys to get a job and has to go up against 200 other people applying for the same position which its pay has been greatly reduced because there are so many people out there that companies are lowering salaries due to the pool of people to recruit from. Than lets see him not blame wall street when he has to pay anything aside his BASIC needs. Shit in college all I needed was money for rent in a shit hole, beer money and maybe money for some shitty horrible meals every once in a while.

I dont agree with OWS, but i do recognize there is a problem.
Oct 26, 2011 @ 22:00
<p><img class="lazy-load" data-original="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/310637_2401946404850_1136777814_3897571_1123034735_n.jpg"></p>


What a fucking moron. He probably went to some shitty Community College. He has no wife and kids to support on a shitty wage. He's going to be crying like a little bitch in a year when he realized his degree is fucking worthless and he can't find a job anyways.
Oct 26, 2011 @ 23:08
http://www.youtube.com/watch?v=QqNOPZLw03Q&feature=player_embedded

shits getting real

\X/

Oct 26, 2011 @ 23:12
<p>
</p><blockquote>
<div class="quote-info">
<div class="quote-from">Originally posted by
<div class="quote-name">Canvas08</div>
</div>
</div>
<div class="quote-content">
<p><img class="lazy-load" data-original="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/310637_2401946404850_1136777814_3897571_1123034735_n.jpg"></p>
</div>
</blockquote>
<p>why should that idiot blame wall street? He hasnt had the opportunity to purchase a house through a mortgage than have that house drop its value in HALF and still have to pay the mortgage based on the original higher value (aint that a bitch) than be downsized by corporate america due to a recession that could have been a depression if old Obama didnt bail everyone out. Also that cunt probally doesnt have a wife and or kids to support SOLELY based upon their income. That sign is absolutely ridiculous and has no real basis on the economic problems facing the country today. However thinking and actions like his would have GREATLY minimized ......


i dont really understand the the last part. If you recognize that there is a problem, and OWS is attempting to address the problems that the average person faces, why not support it?

\X/

Oct 26, 2011 @ 23:14
Occupy Oakland is going nuts.

shooting at ppl with the pellet looking shit from the cops

Kayv: pull bitches, not triggers. throw parties, not fists. futurebass : my mom said life is like a box of kimchi. chopzz.tumblr.com

Oct 26, 2011 @ 23:17
<p>Occupy Oakland is going nuts. </p>
<p>shooting at ppl with the pellet looking shit from the cops</p>


Sounds like a bad idea too me. Shit is about to turn into a revolution.
Oct 26, 2011 @ 23:52
<p>
</p><blockquote>
<div class="quote-info">
<div class="quote-from">Originally posted by
<div class="quote-name">Canvas08</div>
</div>
</div>
<div class="quote-content">
<p><img class="lazy-load" data-original="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-snc7/310637_2401946404850_1136777814_3897571_1123034735_n.jpg"></p>
</div>
</blockquote>
<p>why should that idiot blame wall street? He hasnt had the opportunity to purchase a house through a mortgage than have that house drop its value in HALF and still have to pay the mortgage based on the original higher value (aint that a bitch) than be downsized by corporate america due to a recession that could have been a depression if old Obama didnt bail everyone out. Also that cunt probally doesnt have a wife and or kids to support SOLELY based upon their income. That sign is absolutely ridiculous and has no real basis on the economic problems facing the country today. However thinking and actions like his would have GREATLY minimized ......


So if somebody purchases a house and it doubles in value, the mortgage isnt based on the new value right? Can't have things both ways. Next, if you don't have the money to support a family then why the fuck are you having kids?

This whole situation on student debt is just a reigniton of the housing problems. Policymakers see a good (education=home ownership) and set up policy that undermines the economics behind them. We set up that any person can be loaned large amounts of money for school then act amazed when a large amount of people have debt as a result. How about teaching any sort of basic economics to kids before they get out of high school so they realize what they're taking on. But no, instead we've got the same people who had this system bite them in the ass, now on the streets asking for more of what hurt them: government intrusion without the economic realty.
Oct 27, 2011 @ 00:15

On the fucking bull's eye.

Kayv: pull bitches, not triggers. throw parties, not fists. futurebass : my mom said life is like a box of kimchi. chopzz.tumblr.com

Oct 27, 2011 @ 01:00



I recognize that there is a problem but don't agree with the OWS approach. OWS is a great idea unfortunately just like anything the left does is horribly managed. logistics and giving catchy meaningful names is something the right always dominates. A liberal tea party like movement would have been/would be much more productive. The mission/message of the OWS movement is getting devalued more and more every day. Guns are being found and a girl has been raped....

Its sad.

If its a revolution they are after, then they will need to be willing to die for it, and know that there will be losses.
Oct 27, 2011 @ 02:36

Dear Virunga, You have received an infraction at Hypebeast Forums. Reason: Insulted Other Member(s)

Please login first to reply.
HYPECHAT 0