Al Gore lampoons 'insane' Wall Street

[Guest guest]

http://ca.news.yahoo.com/al-gore-lampoons-insane-wall-street-053326025.html

Al Gore lampoons 'insane' Wall Street

AFP – 15 hours ago

Former US vice president Al Gore on Friday said he understood the Occupy Wall

Street movement's anger at some of the " insane " elements of US corporate and

political culture.

The Nobel Prize winner, Apple board member and environmental activist provoked

guffaws at a digital technology conference in Hong Kong with a withering attack

on the worst side of US capitalism.

" What were they thinking? " he said of the bankers involved in the sub-prime

mortgage bubble that burst in 2008, triggering a financial downturn that is

still playing out in the form of economic turmoil around the world.

He said investigations showed that many of the traders and bankers whose

decisions led to the disaster knew that what they were doing was " toxic " , but

they didn't care as long as they made a " quick buck " .

They exchanged emails with acronyms such as LQTM, standing for " laughed quietly

to myself " , and IBGYBG, or " I'll be gone you'll be gone " , in reference to the

risks they were taking, he said.

Gore has previously thrown his support behind Occupy Wall Street, writing a blog

earlier this month calling it a first step toward fixing a democracy in crisis.

He repeated the " broken democracy " argument in Hong Kong on Friday, but said

capitalism remained the " best system " .

" If we are going to be committed to capitalism, as I am, we have to make it

sustainable, " he said.

Gore served as vice president from 1993 to 2001 under Bill Clinton, then

remained in the public spotlight through his environmental activism, including a

starring role in the -winning documentary " An Inconvenient Truth. "

He shared the 2007 Nobel Peace Prize with the UN Intergovernmental Panel on

Climate Change.

[Guest guest]

Well, he's made over $100 million selling global warming while living in a mansion that uses as much power as 20 US homes, had people living on his property with no electricity because it would have cost him money if they did, flies all around the world and is obviously gorging on luxury foods.

So naturally he believes in capitalism, just not for the masses he wants living in mud hut with solar panels on them.

In a message dated 10/21/2011 5:23:32 P.M. Eastern Daylight Time, no_reply writes:

He repeated the "broken democracy" argument in Hong Kong on Friday, but said capitalism remained the "best system"."If we are going to be committed to capitalism, as I am, we have to make it sustainable," he said.