These reckless Wall Street bigwigs should all be bankrupt.. but instead they remain well-protected by the establishment and in remain in high positions. Meanwhile the small business owner -- who used to be the backbone of America's economic greatness -- can barely make ends meet without layoffs and/or raising prices.
But thank goodness the national debt ceiling means nothing-- we can simply borrow more money and have the Fed printing trillions of "magic" dollars to keep our war machine moving.
@zebra9479974 Let's not forget who the CEO of Goldman Sachs was right up to the the day he became Bush's Treasury Secretary. As CEO, Hank Paulson played an active part in the sub-prime mortgage backed CDO (collateralized debt obligations) scandal while insuring them through AIG. As Treasury Sec, his crafted bailout plan obviously included AIG - who's largest recipient of public funds (12.9Bil) went to who??...you guessed it!..Gold Sachs. Oh yeah, he's also big buds with China's elite biz
That shady Ron Paul guy is the one Presidential candidate we absolutely do not want to win, he's too independent to be controlled or bought by Goldman money, besides he can't win anyway. Ron Paul really isn't a threat to our investment strategies now.
At least with Obama, we're still enjoying unprecedented profits.
We'll be voting for Obama in 2012, if you want to see a continual ROI for your invested dollar, you'll agree Obama's the man!
Get your Lioyd Blankfien chia pets, couldnt you just see that shiney bald noggin of his wrapped in succulent green vegetation. Just bury your blankfien up to his shoulders in the front yard and watch the frontrunning green hair grow... ITS HARVEST TIME!!!! Now go to the garage and break out the lawnmower, Give that market maker a haircut! OOPS set the blade to low. Now thats compensation!!
@thectexperience I would have to agree with you on that, Not to mention the fact that it is unconstitutional if the Federal Reserve is printing money out of thin air why should we owe them anything. I think there would be pain for the american people to do this but not to the degree that the banks would want us to believe and the banks house of cards would fold and I would love to see the look on their faces when they are stuck with their peckers in their hand.
once people realize that the monetary system is complete BULLSHIT things wont change, there are not enough natural resources on Earth to represent the amount of money on Earth... so why the fuck is it worth anything?
in fact these greedy bastards are taking advantage of greedy fat amwericans and the rest of the planet suffers from this speculation on scarcicity, america nneds to go down g s dosent give a shit they sucked peoples money and left the dollar, after mamking a dollar bubble, its how you take a country down, jews must be turned illegal in bamnking they just cant stop fucking others of their life work, actually i think every bank belongs the jew boss mr lord rotschild
You Blame Goldman Sacks? LMAO HAHAHAAA Goldman Sacks is a Front bank Ran by the ELITE.. they use these banks to Funnel money from americans to the bank of England Empire... You are nuts to blame a small Front bank when a MEGA bank overseas has our money,,
We need a new Pecora Commission to investigate the taxpayer funded bank bailout (which included Goldman Sachs & Gore friends) and we also need an investigation into this Global Warming scam starring Gore & Goldman Sachs shysters.
Keep in mind, we need to stop Cap & Trade, while explaining to your government robotoid that Cap & Trade is set to make Gore & Corporate shysters billions, tell them you want this Global Warming charade investigated
There has been no legal action against blacklash against matt taibbi cause nothing he really said is enlightening theres been people whose been saying what hes saying now and more like years earlier.
Are people so naïve? The people that manage pension funds are not invested /in/ them. Pension fund managers are part of the scam. They burn the funds, and then are hired by the firms that busted them.
The economy is GREAT for 99.999% of americans, who LOVE getting killed in Iraq for oil, in 911, and LOVE shitting away money, and then REPEATEDLY vote for Demopublicans, and then having the fucking nerve to blame TRILLION-dollar bailouts, corporate welfare on Greens, Socialist, & Communist party. Only the 3rd party voters suffer from high taxes & unemployment & poverty. Everyone else LOVES it.
These so called financial planners are the MAFIA gone legit. Modern Capitalism is EVIL. It's all about swindling our hard earned money from our pockets into theirs. I mean, think about it. We worked to build their empire and they payed us for it. They then cause premeditated economic collapse so you deplete your savings to them. Its modern slavery!!!!! Read up on Noam Chomsky.
americans just can talk and leave comments. watching american idols while getting their ass screwed by goldman. why won't nobody march to 85 broad street to kick their ass.
Matt Taibbi would make a better secretary of the treasury than Tim Geithner who is one of the criminals that caused the financial bubbles ( mortgage and derivatives ) ..the price of gas was not from supply and demand anyone who was watching the situation knew it was speculation..just like in the early 1970's when they had the oil embargo and they raised the prices and cut gas to the pumps to give the impression of a shortage but they found the gas in the storage tanks
The Federal Reserve ( or should i say goldman sachs) artificially held interest rates to low, which did not allow the savers to invest in savings, and also gave false market signals to investors to use resources 'we'(im not american) didn't have to build or sell houses to an economy that could not sustain them. All while giving them AAA ratings. To me this sounds like fraud, but they will get away with it.
Federal Reserve run by the government not the private sector actually a private public partnership GREED doesn't make you wealthy unless someone wants to give you the money taxes and inflation are the problem
@Mottahead The problem is NOT just greed. It is mainly STUPIDITY. It is millions of shitheads who bully and intimidate others if you don't fanatically support these shitheads' belief in War for Oil. But then the same shitheads wonder why economy is in shambles after TRILLIONS spent on a war. Further, these SAME shitheads fanatically preach against ANY use of violence that is JUSTIFIED, such as bombing Wall Street or bombing courthouses & prisons to free the prisoners.
I've left I don't know how many comments on TYT's youtubes pointing out the stuff that Matt Taibbi was talking about here. I thought, wow, Cenk just doesn't give a crap -- he's drunk the Obama Koolaid and he doesn't care. Let me just say, I am overjoyed to see an Obama supporter like Cenk -- finally -- come around and consider this issue. Love Barack all you want, but we have to keep hammering on this issue because we can't let the bankers win again. Claw back those bonuses!
bonuses are part of cost and not profit is true but how they made the profit to give those bonuses is obscene ..it wasn't true profit from doing good business it was more of the same corrupt manipulation of the system
In the US you live in a two headed one party state and that party is bought and paid for by the bankers.Democracy is just an illusion in the US, designed to make you think your voice counts when in reality the amoral politicians do the bidding of their banking paymasters. You are a debt slave to Goldman and JP Morgan, you work for them for free, you pay for their bad bets and all of your own free will. Sad! wake up! A mass debt repayment strike is an answer.
@farliecharlie Not sure where you live, but I'm guessing your democracy is just as much of a joke and that your privately owned central bank and financier class is robbing and pillaging you as well. This is not just a US problem, it's a world problem. I agree with your conclusion, just not that you point at just the US.
Remember Goldman was calling for $200 a barrel right around $140 a barrel, trying to ramp up the frenzy even more. Goldman gets record bonuses and the rest of the country gets layed off. PIGS!
Oh, the CFTC allowed this "Enron" loophole to exist.
Another government failure.
This whole country is being run by pigs, morons and
@Luvanicebum Agreed. But, I always emphasize: it's NOT the top 1% to blame, but the top 99%. The vast majority of americans don't need money, are having a WONDERFUL economic time, don't need jobs, because they LOVE getting screwed, because they do not have the mental capacity to push a little button in the voting booth for ANYONE other than Demopublicans! Only us Greens, Socialists, Communists and a few libertarians suffer.
first of all people shouldn't blindly invest in a stock just because corporations beilive in it, they should look in to it and be intelligent investors
secondly this happens with every investment bank as you said, its just who does it better. there job is to make money off the market not to be the angel, they are a company not the goverment
But what he doesn't talk about is how deep this issue goes. This is madness that Enron created with their Enron Loophole. There were regulations to keep energy trades under close observation by the government and namely the Securities and Exchange Commission. Keith Olberman cracked this issue wide open last year. But it is still the same damn Loophole that Enron used to rob California. It was never closed!
Speculation is key to market performance. People speculate on what the market is going to do everyday. The problem is when large market makers and institutions speculate with other people's money. This fundamental risk in the market needs to be regulated. It affects way to many people and only benefits big business.
There is a simple solution to the problem of campaign contributions. Limit contributions to citizens over the age of 18. No corporate contributions. No PAC contributions. Only individual human beings who are citizens of the USA. And limit the amount that can be contributed to any one candidate. Will it ever happen? BWAAA HA HA HA
It's crazy anyway how much money is being spent during political campaigns, so your idea is pretty sane, I guess. But you're right. Will never happen.
I don't care how much is spent on campaigns really. Set the individual limits high if you want. But remove the influence of the corporate and special interest groups from over our lawmakers by removing their ability to contribute money. Then any money they give to a candidate will be a bribe and someone will go to jail.
no easy way to do this. If you set a limit to how much a company or group can donate, as they have now, a larger company will only setup fake companies to donate more as they do now. If you say the individual can have a nice cap, what prevents a company from funneling money through set individual?
Not set a limit on how much a company can contribute, make it illegal for a company or group or PAC or whathaveyou to contribute anything at all. No money from anyone other than a human being of voting age. Wiyh respect to caps on the individual, I'm sure that a reasonably set cap will take the power out of the hands of the special interests. Say a cap of 5000. How's a corp going to get all it's workers to give that much? Any $ corp gives to worker is income and subject to taxes.
Furthermore, how's the company know to whom you gave the $ or if you made a contribution at all? Does the corp tell you who to give to? Does the corp tell you that you MUST give a portion of your income to a politician? That's the problem right now with the company PACs, they know who contributes to the PAC and who doesn't, and there is tremendous pressure to participate in the PAC.
well fare enough, but as a bill it seems to greatly favor the democratic party, as they gain most of their favor though people while republicans gain mostly from big business. You'll have a hard time passing that bill. Set cap too low and it would allow 3rd parties to have a descent running in an election, there you'd loose both parties vote. Its a good idea, but i don't see it ever happening.
Right on, Wildbill. Only a U.S. citizen should be allowed to contribute to U.S. politics. I think it needs to be a lot less than 5 grand, though. It needs to be an amount that someone on minimum wage could afford.
I think the oil market is a bad example. SURE speculation drives commodities BUT all our markets operate the same way. The thing with oil is that it is a quickly diminishing resource. USA-based oil projects used to produce 20 million barrels a day. Now it is less than 8 million, DESPITE advances in technology, DESPITE new exploration. WAKE UP! Oil was created on this planet during two time periods a few hundred million years ago. We've already sucked up the easy oil. $30 barrel for oil is over.
Unfortunately, the Obama administration is keen on only deepening the problem. Figures - the number of former Goldman Sachs employees in his roster is hard to ignore.
Yea i agree with Dietsnapple, TYT is an example of new media. They shouldm't step backward to how information is distributed. TV media is very distorted and TYT needs to as Jenk would say "keepin it real"
Barack Obama was nothing more than a right wing Republican corporatist who masqueraded as an anti-war liberal and rode that wave into office. Fucking disgusting.
now this is what I have been screaming Obma is a fucking Idot for bailing these cocksuckers out with our fucking money and we get nothing. They could have given every man woman and child 10,000 dollars and still had 5 trillion left over,,,do you all realize how much money he gave these fucking crooks????? And I guarantee he made money off it personally
don't be a fucking moron. Bush or mcLost would have given them more, or would have face total financial meltdown. then where would you be? Proud and homeless??
Yes, the Republicans would have given them more, but Obama is still a traitor. I want to see him come clean, show me he didn't mean to screw us, and repair the damage he's done - show me he's better than the Republicans.
I do get it, I know they are puppets, but not all puppets and puppeteers are the same. All men lie, but some are more honest than others. Not all things are identical.
then why aren't you happy with the Obama glass half full? I get it, I too want him to see gitmo closed, all the prisoners to American soil, repeal DoM, DADT and FISA, get single payer, etc. sadly this is the real world.
And don't call Obama traitor. He wanna do whats right, but centrist Dems don't wanna let him, they are the real traitors.
Plus, he's not a dictator by nature/style, "my way or the high way?" that's so 2008.
The reason I call him a traitor is primarily the bank bailout, including the way they forced solvent banks to sell at an artificially low price to bigger banks. That alone is reason enough. There are other things, like going back on his word about amending the telecom immunity bill he pushed through when he didn't need to, or provisions penalizing people who don't buy insurance in these health care proposals.
You make a lot of assumptions, and, frankly, you're coming off as an arrogant asshole. I know how the banks work and I vote for Democrats over Republicans at about 30 to 1.
stop calling him a traitor then. I doubt he could have done MORE, if you really think otherwise you don't know banks nor the powers of a president. IT's childish to see him as some sorta absolute ruler. This is why we are a democracy.
Sure, objectively speaking, the repub traitors should be shot, along with every CEO, they are out for themselves, not us.
Sadly, that's not reality.
i don't blame you. not even Dem reps understand that a LOAN to NZ is not GIVING them money ... sad, but true.
As always, let the buyer beware. You can't blame a shark or a pirana for what they are, do you blame a salesman for being a lowlife? The worst thing about the American job market is that everyone is expected to be a sales type, rather than a more balanced approach.
Poor America. Ravaged for decades at the hands of these greedy old fuckers, who ride her for everything she's worth, then pass her off to another one of their corporate buddies. It's borderline sickening..
I wouldn't limit their effect on just americans. Iraq and Afghanistan are getting the shaft as well.
Confessions of an Economic Hitman sheds light on how most of the world suffers at the hands of corporations in general, the CIA, US government, IMF, all in collusion.
To corrupt a country/ steal resources, First they lend money that can be paid back (forced bankruptcy) and bribe the rulers , if that doesn't work they try assassins and coups, then finally the military
Need to talk about the "next bubble" Matt mentioned in his article...carbon credits. Need to uncover who is really behind all of it. Who is making the policies for "cap and trade" and who is heavily invested to make billions off of taxpayers....Goldman Sachs and Al Gore.
Carbon credits are full of shit and always have been, but global warming is real. Why would it surprise anyone that the ubiquitous fleecing machine wouldn't take advantage of such a hot topic (no pun intended)?
Its going to happen again without a real MSM to watch these scumbags. Dont invest in the stock market. This is the same MSM that shrugged and said 'these kooks are saying oil is manipulated I dont know!' Basic facts showed one barrell of oil was being traded 27 times! Of course thats oil manipulation!
Why do people still think capitalism is good? Do we have to literally start worshiping money gods for you dumb ass americans to realize capitalism is terrible and is not the way towards peace or any real advancement in technology
I agree, but isn't it true that no matter what, in a system of capitalism it will always go out of control. Its a greedy system that turns people into soulless slaves
President Obama said Friday he would nominate Robert Hormats, a vice chairman of Goldman Sachs International, to a top economic position at the State Department.
Nonsense. Virtually nobody even paid attention to Goldman Sachs until now with the collapse and bailouts. Goldman Sachs is just a perfect poster child, blatantly embedded in the top levels of government. But this is how corporations work. The bought off congress is not going to pay attention to you if you write them letters until your hand is all bone. The only thing that would possibly take down Goldman Sachs is either a gov't coup or police agencies bringing them to trial independently.
...I see, they are better gamblers than others.
amemy1 1 month ago
@CorporateRule is that how conservatives say 'i don't understand'?
hotverde15 1 month ago
These reckless Wall Street bigwigs should all be bankrupt.. but instead they remain well-protected by the establishment and in remain in high positions. Meanwhile the small business owner -- who used to be the backbone of America's economic greatness -- can barely make ends meet without layoffs and/or raising prices.
But thank goodness the national debt ceiling means nothing-- we can simply borrow more money and have the Fed printing trillions of "magic" dollars to keep our war machine moving.
bobshenix 3 weeks ago
So simply put, Goldman fixed the price of oil, right?
hotverde15 1 month ago
What a bunch of liberal BS.
CorporateRule 3 months ago
yea Matt I guess you also know that Ron Paul the one you love to slam has been on this for a couple of years before you ever had a clue about it.
dixiepassion 4 months ago
This has been flagged as spam show
BUSHS KNOWS THEY ARE WRONG TELL US LIES
OLDTIMER1863 6 months ago
Is he related to mike taibbi?
mtmcas 7 months ago
The worst thing is Goldman Sachs owns the Obama administration.
zebra9479974 7 months ago 6
@zebra9479974 Let's not forget who the CEO of Goldman Sachs was right up to the the day he became Bush's Treasury Secretary. As CEO, Hank Paulson played an active part in the sub-prime mortgage backed CDO (collateralized debt obligations) scandal while insuring them through AIG. As Treasury Sec, his crafted bailout plan obviously included AIG - who's largest recipient of public funds (12.9Bil) went to who??...you guessed it!..Gold Sachs. Oh yeah, he's also big buds with China's elite biz
dcorleone1973 7 months ago 2
@dcorleone1973 You're right on.
zebra9479974 7 months ago
@zebra9479974
Obama is owned by us because he is ownable.
That shady Ron Paul guy is the one Presidential candidate we absolutely do not want to win, he's too independent to be controlled or bought by Goldman money, besides he can't win anyway. Ron Paul really isn't a threat to our investment strategies now.
At least with Obama, we're still enjoying unprecedented profits.
We'll be voting for Obama in 2012, if you want to see a continual ROI for your invested dollar, you'll agree Obama's the man!
CorporateRule 3 months ago
I smoked tons of pot in school with the Goldman guy running NYSE.
racist asshole, covered his tracks?
sydferret 8 months ago
Get your Lioyd Blankfien chia pets, couldnt you just see that shiney bald noggin of his wrapped in succulent green vegetation. Just bury your blankfien up to his shoulders in the front yard and watch the frontrunning green hair grow... ITS HARVEST TIME!!!! Now go to the garage and break out the lawnmower, Give that market maker a haircut! OOPS set the blade to low. Now thats compensation!!
fohtynine 8 months ago
gs vaffanculo
hotello2009 10 months ago
Goldman and all the others have got to go!
lespauljr2005 10 months ago
Thanks for keeping it out there.
laurenandjill0 11 months ago
7 Goldman Shats employees did not like this video...
freesparko 11 months ago
You want a good book about the economy look for Ha-Joon Changs new book about the myths of capitalism. Good stuff. He is the new Dean Baker.
buddinganarchist 11 months ago
@buddinganarchist
Dean Baker,
The guy who asks business owners "did you raise prices because Ben Bernanke printed more money"
he says he always says NO!
And I say LIAR!
I'm in the food industry and inflation is killing us.
Salvysahagun 6 months ago
Default! A default movement is the answer. Let's stop paying the fraudelent interest, the bankers haven't contributed shit!
thectexperience 1 year ago
@thectexperience I would have to agree with you on that, Not to mention the fact that it is unconstitutional if the Federal Reserve is printing money out of thin air why should we owe them anything. I think there would be pain for the american people to do this but not to the degree that the banks would want us to believe and the banks house of cards would fold and I would love to see the look on their faces when they are stuck with their peckers in their hand.
daveusaz1218 8 months ago
once people realize that the monetary system is complete BULLSHIT things wont change, there are not enough natural resources on Earth to represent the amount of money on Earth... so why the fuck is it worth anything?
hempartist420 1 year ago
in fact these greedy bastards are taking advantage of greedy fat amwericans and the rest of the planet suffers from this speculation on scarcicity, america nneds to go down g s dosent give a shit they sucked peoples money and left the dollar, after mamking a dollar bubble, its how you take a country down, jews must be turned illegal in bamnking they just cant stop fucking others of their life work, actually i think every bank belongs the jew boss mr lord rotschild
badsign1980 1 year ago
god blee goldman sachs.
bearstearn3 1 year ago
sexykatie90 any more videos like this? Matt Taibbi on How Goldman Sachs Has Been Robbing Us Blind
sexykatie90 1 year ago
Fuck you and your dumbshit ads Googlefuck.
ridewave444 1 year ago
You Blame Goldman Sacks? LMAO HAHAHAAA Goldman Sacks is a Front bank Ran by the ELITE.. they use these banks to Funnel money from americans to the bank of England Empire... You are nuts to blame a small Front bank when a MEGA bank overseas has our money,,
adam3176 1 year ago
We need a new Pecora Commission to investigate the taxpayer funded bank bailout (which included Goldman Sachs & Gore friends) and we also need an investigation into this Global Warming scam starring Gore & Goldman Sachs shysters.
Keep in mind, we need to stop Cap & Trade, while explaining to your government robotoid that Cap & Trade is set to make Gore & Corporate shysters billions, tell them you want this Global Warming charade investigated
Pecora Commission now!
Thisawareness 1 year ago
There has been no legal action against blacklash against matt taibbi cause nothing he really said is enlightening theres been people whose been saying what hes saying now and more like years earlier.
Ventorez 1 year ago
Goldman Sachs is a big fat piggy bank.
If we smash it, we will probably find a bunch of pigs inside who ate all the money.
kmarinas86 1 year ago 2
BOB HORMATS...........FORMER VICE CHAIRMAN OF GOLDMAN SACHS........was hired by THE WALL STREET OWNED OBAMA SYNDICATE...........you do the research!
ERROLCUSTERFLYNN4EVR 1 year ago
Are people so naïve? The people that manage pension funds are not invested /in/ them. Pension fund managers are part of the scam. They burn the funds, and then are hired by the firms that busted them.
centurion180ad 1 year ago
Matt mentions Bernie Sanders, who may have appeard onside in June last year, but, unfortunately, sold us out last week.
durashka123 1 year ago
The economy is GREAT for 99.999% of americans, who LOVE getting killed in Iraq for oil, in 911, and LOVE shitting away money, and then REPEATEDLY vote for Demopublicans, and then having the fucking nerve to blame TRILLION-dollar bailouts, corporate welfare on Greens, Socialist, & Communist party. Only the 3rd party voters suffer from high taxes & unemployment & poverty. Everyone else LOVES it.
duck24x 1 year ago
These so called financial planners are the MAFIA gone legit. Modern Capitalism is EVIL. It's all about swindling our hard earned money from our pockets into theirs. I mean, think about it. We worked to build their empire and they payed us for it. They then cause premeditated economic collapse so you deplete your savings to them. Its modern slavery!!!!! Read up on Noam Chomsky.
7711ish 1 year ago 5
the tulips in Holland???? in the 17 century??? interesting
gre68 1 year ago
@gre68 Yup, man. It happened. Why not tulips. We trust in pieces of paper produced by shady investment banks. In banks we trust.
8orwellish 1 year ago
@8orwellish I am from Holland so I didn't know about that tulip-story...fascinating though
gre68 1 year ago
@gre68
shut your face, wilders-whore!
cay311 1 year ago
@cay311 are you a muslim?
gre68 1 year ago
Torah code prophesies state that God will exterminate Wall Street. Tends to say that he'd first expose them (scandal).
LoneOarman 1 year ago
watch my video I will describe how to fix this problem quick
barneyfranky666 1 year ago
americans just can talk and leave comments. watching american idols while getting their ass screwed by goldman. why won't nobody march to 85 broad street to kick their ass.
ssg10 1 year ago 2
i like living in sweden. every single part is left of the democrats, or what the rednecks would call a "communistic 666 state without any freedom" XD
cahtush 1 year ago 2
Matt Taibbi would make a better secretary of the treasury than Tim Geithner who is one of the criminals that caused the financial bubbles ( mortgage and derivatives ) ..the price of gas was not from supply and demand anyone who was watching the situation knew it was speculation..just like in the early 1970's when they had the oil embargo and they raised the prices and cut gas to the pumps to give the impression of a shortage but they found the gas in the storage tanks
xadam2dudex 1 year ago 2
This is the same trick that was used in the Real Estate market!!
The economists were saying ~2001 that interest rates had to go up due to "Greenspan keeping them low for too long." So what do the banksters do?
Give loans to marginal clients in the name of the "American Dream" and then pump up rates to "pop" the bubble and transform it into a nightmare.
UnoRaza 1 year ago
Intellect of a jew will always be decadent to the world: Adolf Hitler
powermad81 1 year ago
they want to enslave us with number of the beast!this is the final purpose if you see their acts...
lebaronboy77 2 years ago
Comment removed
lebaronboy77 2 years ago
goldman sachs means devils from hell
kmkwong 2 years ago 3
The Federal Reserve ( or should i say goldman sachs) artificially held interest rates to low, which did not allow the savers to invest in savings, and also gave false market signals to investors to use resources 'we'(im not american) didn't have to build or sell houses to an economy that could not sustain them. All while giving them AAA ratings. To me this sounds like fraud, but they will get away with it.
666j1 2 years ago
America's problem? GREED.
Powerful people exercising their power to make/break/bend the rules of the game in order to guarantee that they always win ( and win it big).
About Matt's exposés - if he is wrong, then he should go to prison. If he's right, a lot of powerful people should go to prison.
Yet , guess who makes the rules?
Mottahead 2 years ago
Federal Reserve run by the government not the private sector actually a private public partnership GREED doesn't make you wealthy unless someone wants to give you the money taxes and inflation are the problem
358Liberty 2 years ago
@Mottahead The problem is NOT just greed. It is mainly STUPIDITY. It is millions of shitheads who bully and intimidate others if you don't fanatically support these shitheads' belief in War for Oil. But then the same shitheads wonder why economy is in shambles after TRILLIONS spent on a war. Further, these SAME shitheads fanatically preach against ANY use of violence that is JUSTIFIED, such as bombing Wall Street or bombing courthouses & prisons to free the prisoners.
duck24x 1 year ago
Comment removed
abdighazi 2 years ago
I've left I don't know how many comments on TYT's youtubes pointing out the stuff that Matt Taibbi was talking about here. I thought, wow, Cenk just doesn't give a crap -- he's drunk the Obama Koolaid and he doesn't care. Let me just say, I am overjoyed to see an Obama supporter like Cenk -- finally -- come around and consider this issue. Love Barack all you want, but we have to keep hammering on this issue because we can't let the bankers win again. Claw back those bonuses!
carthfhuil 2 years ago
Comment removed
abdighazi 2 years ago
Capitalism is a lion and a sheep arguing over what's for dinner.
bullybrown 2 years ago 5
You obviously do not know what capitalism is....
oucanemailme 2 years ago
bonuses are part of cost not profit--my God
acx1n9s 2 years ago
bonuses are part of cost and not profit is true but how they made the profit to give those bonuses is obscene ..it wasn't true profit from doing good business it was more of the same corrupt manipulation of the system
xadam2dudex 2 years ago
Great interview. Thanks.
spilk84 2 years ago 11
In the US you live in a two headed one party state and that party is bought and paid for by the bankers.Democracy is just an illusion in the US, designed to make you think your voice counts when in reality the amoral politicians do the bidding of their banking paymasters. You are a debt slave to Goldman and JP Morgan, you work for them for free, you pay for their bad bets and all of your own free will. Sad! wake up! A mass debt repayment strike is an answer.
farliecharlie 2 years ago 55
@farliecharlie Not sure where you live, but I'm guessing your democracy is just as much of a joke and that your privately owned central bank and financier class is robbing and pillaging you as well. This is not just a US problem, it's a world problem. I agree with your conclusion, just not that you point at just the US.
nokoolaidplz 1 year ago 3
@farliecharlie - Please check out - The Venus Project. Peace!
Lingerfoot 1 year ago
@farliecharlie well said farliecharlie
zx7gp 1 year ago
@farliecharlie isn't called zionism, in most of the world
bohemianh 1 year ago
Excellent! Matt Taibbi is a very brave man.
Please focus on Obama's CFTC Goldman appointee Gary Gensler - who is making restriction rules for ETFs & ETNs.
RAMKING61 2 years ago 2
Remember Goldman was calling for $200 a barrel right around $140 a barrel, trying to ramp up the frenzy even more. Goldman gets record bonuses and the rest of the country gets layed off. PIGS!
Oh, the CFTC allowed this "Enron" loophole to exist.
Another government failure.
This whole country is being run by pigs, morons and
assholes.
Luvanicebum 2 years ago 5
Shame, after 9/11 there's no longer any records. Oh well, not convinient at all....
joneselius 2 years ago
@Luvanicebum Agreed. But, I always emphasize: it's NOT the top 1% to blame, but the top 99%. The vast majority of americans don't need money, are having a WONDERFUL economic time, don't need jobs, because they LOVE getting screwed, because they do not have the mental capacity to push a little button in the voting booth for ANYONE other than Demopublicans! Only us Greens, Socialists, Communists and a few libertarians suffer.
duck24x 1 year ago
first of all people shouldn't blindly invest in a stock just because corporations beilive in it, they should look in to it and be intelligent investors
secondly this happens with every investment bank as you said, its just who does it better. there job is to make money off the market not to be the angel, they are a company not the goverment
negitive23degrees 2 years ago
that's the problem. they have so much capital that they basically buy the government.
maxdecphoenix 2 years ago
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negitive23degrees 2 years ago
PLEASE INTERVIEW Monty Oum!
assassinmakidoo 2 years ago
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newsreeldemocracy 2 years ago
ok, off topic...this dude looks like the singer of rammstein in the mein teil video. what's with his eye an inch off position
BlooBeluga 2 years ago
NAILED ON THE HEAD!
But what he doesn't talk about is how deep this issue goes. This is madness that Enron created with their Enron Loophole. There were regulations to keep energy trades under close observation by the government and namely the Securities and Exchange Commission. Keith Olberman cracked this issue wide open last year. But it is still the same damn Loophole that Enron used to rob California. It was never closed!
FinalFan0 2 years ago 3
Speculation is key to market performance. People speculate on what the market is going to do everyday. The problem is when large market makers and institutions speculate with other people's money. This fundamental risk in the market needs to be regulated. It affects way to many people and only benefits big business.
nnamdi247 2 years ago
Whenever guilty suspect throws up the "conspiracy theory" smoke screen, you know they're full of shit.
seanlaca 2 years ago
There is a simple solution to the problem of campaign contributions. Limit contributions to citizens over the age of 18. No corporate contributions. No PAC contributions. Only individual human beings who are citizens of the USA. And limit the amount that can be contributed to any one candidate. Will it ever happen? BWAAA HA HA HA
wyldbill1952 2 years ago 2
It's crazy anyway how much money is being spent during political campaigns, so your idea is pretty sane, I guess. But you're right. Will never happen.
P1ranh4 2 years ago
I don't care how much is spent on campaigns really. Set the individual limits high if you want. But remove the influence of the corporate and special interest groups from over our lawmakers by removing their ability to contribute money. Then any money they give to a candidate will be a bribe and someone will go to jail.
wyldbill1952 2 years ago
no easy way to do this. If you set a limit to how much a company or group can donate, as they have now, a larger company will only setup fake companies to donate more as they do now. If you say the individual can have a nice cap, what prevents a company from funneling money through set individual?
Senakujin 2 years ago
Not set a limit on how much a company can contribute, make it illegal for a company or group or PAC or whathaveyou to contribute anything at all. No money from anyone other than a human being of voting age. Wiyh respect to caps on the individual, I'm sure that a reasonably set cap will take the power out of the hands of the special interests. Say a cap of 5000. How's a corp going to get all it's workers to give that much? Any $ corp gives to worker is income and subject to taxes.
wyldbill1952 2 years ago
Furthermore, how's the company know to whom you gave the $ or if you made a contribution at all? Does the corp tell you who to give to? Does the corp tell you that you MUST give a portion of your income to a politician? That's the problem right now with the company PACs, they know who contributes to the PAC and who doesn't, and there is tremendous pressure to participate in the PAC.
wyldbill1952 2 years ago
well fare enough, but as a bill it seems to greatly favor the democratic party, as they gain most of their favor though people while republicans gain mostly from big business. You'll have a hard time passing that bill. Set cap too low and it would allow 3rd parties to have a descent running in an election, there you'd loose both parties vote. Its a good idea, but i don't see it ever happening.
Senakujin 2 years ago
Right on, Wildbill. Only a U.S. citizen should be allowed to contribute to U.S. politics. I think it needs to be a lot less than 5 grand, though. It needs to be an amount that someone on minimum wage could afford.
TheGiantRobot 2 years ago
that's already so. no non-us can give money
TheZackFiler 2 years ago
U.S. citizen, Zack, as opposed to corporations.
TheGiantRobot 2 years ago
yah, right who would enforce that?
TheZackFiler 2 years ago
I think the oil market is a bad example. SURE speculation drives commodities BUT all our markets operate the same way. The thing with oil is that it is a quickly diminishing resource. USA-based oil projects used to produce 20 million barrels a day. Now it is less than 8 million, DESPITE advances in technology, DESPITE new exploration. WAKE UP! Oil was created on this planet during two time periods a few hundred million years ago. We've already sucked up the easy oil. $30 barrel for oil is over.
uberfreak9 2 years ago
Speculation as an industry needs to end, period.
Unfortunately, the Obama administration is keen on only deepening the problem. Figures - the number of former Goldman Sachs employees in his roster is hard to ignore.
The whole game is irredeemably corrupt.
KosmicCitizen 2 years ago 4
if TYT gets on MSNBC, you know Cenk won't be the same as he is now. Everyone gives in!
dietsnapple89 2 years ago
Very good point Buddy. Cenk, I love you man, but I dont think you will be genune anymore you if you go on MSNBC.
salsa20 2 years ago 3
Yea i agree with Dietsnapple, TYT is an example of new media. They shouldm't step backward to how information is distributed. TV media is very distorted and TYT needs to as Jenk would say "keepin it real"
ooosydonooo 2 years ago
I think he won't sell out , there's not too much to give in to. Tell me one thing he can do here that he can't do on msnbc????
every one compromises.
TheZackFiler 2 years ago
Barack Obama was nothing more than a right wing Republican corporatist who masqueraded as an anti-war liberal and rode that wave into office. Fucking disgusting.
glasshour76 2 years ago 4
uh huh... lol.
Krumbz2003 2 years ago
now this is what I have been screaming Obma is a fucking Idot for bailing these cocksuckers out with our fucking money and we get nothing. They could have given every man woman and child 10,000 dollars and still had 5 trillion left over,,,do you all realize how much money he gave these fucking crooks????? And I guarantee he made money off it personally
candiceevans1 2 years ago 5
don't be a fucking moron. Bush or mcLost would have given them more, or would have face total financial meltdown. then where would you be? Proud and homeless??
TheSteelGeneral 2 years ago
Yes, the Republicans would have given them more, but Obama is still a traitor. I want to see him come clean, show me he didn't mean to screw us, and repair the damage he's done - show me he's better than the Republicans.
TheGiantRobot 2 years ago
lol you don't get it - all the leaders are puppets, doesn't matter which party you vote for, the same result will ensue.
rocktheflow 2 years ago
I do get it, I know they are puppets, but not all puppets and puppeteers are the same. All men lie, but some are more honest than others. Not all things are identical.
TheGiantRobot 2 years ago
then why aren't you happy with the Obama glass half full? I get it, I too want him to see gitmo closed, all the prisoners to American soil, repeal DoM, DADT and FISA, get single payer, etc. sadly this is the real world.
And don't call Obama traitor. He wanna do whats right, but centrist Dems don't wanna let him, they are the real traitors.
Plus, he's not a dictator by nature/style, "my way or the high way?" that's so 2008.
sometimes, yes, that's sad.
TheZackFiler 2 years ago
The reason I call him a traitor is primarily the bank bailout, including the way they forced solvent banks to sell at an artificially low price to bigger banks. That alone is reason enough. There are other things, like going back on his word about amending the telecom immunity bill he pushed through when he didn't need to, or provisions penalizing people who don't buy insurance in these health care proposals.
TheGiantRobot 2 years ago
Dude!!!! you REALLY don't understand banks, banking and the bailout.
It was more like the banks blackmailed him. Banks rule this country and the world.
See The International, to get an idea.
Don't call him a traitor, it's wrong, it's childish and Cheney and bush and limboauh are the REAL traitors.
Please don't tell me you're such a fake "independent", like:
Independent = republican who's too afraid to admit it. Because he's not a TOTAL moron ...
TheZackFiler 2 years ago
You make a lot of assumptions, and, frankly, you're coming off as an arrogant asshole. I know how the banks work and I vote for Democrats over Republicans at about 30 to 1.
TheGiantRobot 2 years ago
stop calling him a traitor then. I doubt he could have done MORE, if you really think otherwise you don't know banks nor the powers of a president. IT's childish to see him as some sorta absolute ruler. This is why we are a democracy.
Sure, objectively speaking, the repub traitors should be shot, along with every CEO, they are out for themselves, not us.
Sadly, that's not reality.
i don't blame you. not even Dem reps understand that a LOAN to NZ is not GIVING them money ... sad, but true.
TheZackFiler 2 years ago
As always, let the buyer beware. You can't blame a shark or a pirana for what they are, do you blame a salesman for being a lowlife? The worst thing about the American job market is that everyone is expected to be a sales type, rather than a more balanced approach.
franksnow79 2 years ago
Welcome to the United Sachs of America
likes2p 2 years ago
Is it me or does this guy look like a vampire from Buffy?
kaguth 2 years ago
Poor America. Ravaged for decades at the hands of these greedy old fuckers, who ride her for everything she's worth, then pass her off to another one of their corporate buddies. It's borderline sickening..
Khazule 2 years ago 20
I wouldn't limit their effect on just americans. Iraq and Afghanistan are getting the shaft as well.
Confessions of an Economic Hitman sheds light on how most of the world suffers at the hands of corporations in general, the CIA, US government, IMF, all in collusion.
To corrupt a country/ steal resources, First they lend money that can be paid back (forced bankruptcy) and bribe the rulers , if that doesn't work they try assassins and coups, then finally the military
GorgonLuvs8008135 2 years ago
Need to talk about the "next bubble" Matt mentioned in his article...carbon credits. Need to uncover who is really behind all of it. Who is making the policies for "cap and trade" and who is heavily invested to make billions off of taxpayers....Goldman Sachs and Al Gore.
robhaerr 2 years ago
Carbon credits are full of shit and always have been, but global warming is real. Why would it surprise anyone that the ubiquitous fleecing machine wouldn't take advantage of such a hot topic (no pun intended)?
shadowcnidarian 2 years ago 4
Its going to happen again without a real MSM to watch these scumbags. Dont invest in the stock market. This is the same MSM that shrugged and said 'these kooks are saying oil is manipulated I dont know!' Basic facts showed one barrell of oil was being traded 27 times! Of course thats oil manipulation!
Silvertrine 2 years ago 2
Goldman* :P
saiochi 2 years ago
Can Goldman Sachs pay us back now, we would like that money now please, since you guys seem to be doing better.
Oh I'm being too nice, GIVE ME THE FUCKING MONEY BITCH, YOU OWE ME THE FUCKING MONEY.
Scarpsad 2 years ago 4
The socialism is for them, the capitalism is for us.
Dane42o 2 years ago 7
do you have any idea what a 'mixed economy' is? I think not.
verstwo2 2 years ago
You can think what you will, doesn't make it correct.
Dane42o 2 years ago
so then you don't know what a mixed economy is? I wasn't making a statement, I was asking a question. I'll take your response as a 'no'.
verstwo2 2 years ago
Yes I know what a mixed economy is and it is NOT: socialism for banks, and capitalism for the people.
So your question makes NO sense whatsoever! ! ! Go back to school because it's REALLY clear that YOU don't what the fuck you're talking about.
TheSteelGeneral 2 years ago
@verstwo: "do you have any idea what a 'mixed economy' is?"
Oh my FUCKING GOD! Asking that question makes you sound really dumb, sorry to say.
do you have any idea WHY it makes you sound really dumb??? I think not.
TheZackFiler 2 years ago
so why don't you enlighten me? Or are you too smart for that?
verstwo2 2 years ago
NO. you're TOO dumb to be enlightened. it's been 24 hrs, and you haven't learned how to google. So, that's hopeless.
TheSteelGeneral 2 years ago
Why do people still think capitalism is good? Do we have to literally start worshiping money gods for you dumb ass americans to realize capitalism is terrible and is not the way towards peace or any real advancement in technology
debunkingdebunkers 2 years ago
regulated capitalism is good, completely deregulated, no oversight capitalism is very bad.
It's like telling a bunch of teens: "We're on holiday, here are the keys to the cars, and the houses, but you behave now!" Yeah rrrrrright.
Most importantly, companies shouldn't be allowed to become too big to fail.
TheZackFiler 2 years ago 4
I agree, but isn't it true that no matter what, in a system of capitalism it will always go out of control. Its a greedy system that turns people into soulless slaves
debunkingdebunkers 2 years ago
hmmm, not sure if it always WILL go outta control. Depends on the people, if they vote in good watchdogs who enforce good rules.
The natural inclination of Capitalism is to deregulate, you're not wrong about that.
TheSteelGeneral 2 years ago
why isn't this reported in the mainstream media?
this the stock of reporters that in previous decades won the Pulitzer prices..
amet1980 2 years ago 9
american media is full of shit. bought and paid for by your "friendly" corporations
who will screw anyone to make ridiculous profits.
debunkingdebunkers 2 years ago 7
Goldman Executive Named as Obama Adviser
President Obama said Friday he would nominate Robert Hormats, a vice chairman of Goldman Sachs International, to a top economic position at the State Department.
RomeoMD25 2 years ago 2
....
EdwarioERS 2 years ago
Come on, try taking on the Goldman Sachs monster and see what happens.
shadowcnidarian 2 years ago
it's thinking like that is te reason why we are going through this shit
gronlaf 2 years ago
Nonsense. Virtually nobody even paid attention to Goldman Sachs until now with the collapse and bailouts. Goldman Sachs is just a perfect poster child, blatantly embedded in the top levels of government. But this is how corporations work. The bought off congress is not going to pay attention to you if you write them letters until your hand is all bone. The only thing that would possibly take down Goldman Sachs is either a gov't coup or police agencies bringing them to trial independently.
shadowcnidarian 2 years ago 11
point taken
gronlaf 2 years ago