On Monday October 17, 2011, Louis Cammarosano, General Manager of HomeGain, was a guest on the Real Estate Radio show on The Big Talker 1580 AM, hosted by Ryan Sloper.
Listen to the show.
Part 1 (16:11)
Louis gives his views on Occupy Wall Street. Louis notes the difference between being against capitalism vs being against corportism. Louis notes that the difference of someone getting rich due to the dint of their efforts vs those who do well as a result of favors from the government or the Federal Reserve. Louis notes the marriage of Washington and Wall Street. Louis notes issues with the Federal Reserve. Louis notes that its not an issue of protesting Wall Street OR Washington, but both. Louis notes that the protestors need to get to the root cause of the problems on Wall Street. Louis notes that OWS is a bit of media creation, noting that they have raised only $300,000 and that media attention creates more attention. Ryan notes that Obama’s job program was defeated. Louis notes that Obama’s program is a typical example of corporate/union cronyism as the money would go to special favors and probably wasted. Louis notes that the Obama’s job program was created to fail in advance as he would like to blame the Republicans for the poor job situation for not passing the the job bill. Louis notes that even if the Congress were to cut spending, the Federal Reserve could still spend money in secret. Louis notes Ron Paul is the only candidate in favor of shutting down the Federal Reserve