When will we learn that the answer to government failure and corruption isn't more inept and corrupt government? When will we figure out that corporate media and the government, in spite of a few mock naysayers to confuse the dim-witted, are the same thing?
End the Fed. Starve the Federal Government to death. It's our only real hope.
@whatdoyouwantandwhy I believe that Competition between businesses ultimately brings about price reductions because you want to keep your customers.
Regulations posed on business by the gov't only stifles the free market by imposing price controls. Businesses will never pay for tax increases, its the customers who suffer higher costs because those businesses pass the tax increase onto the consumer.
If a corp makes a product harmful to the consumer, gov't need not regulate, lawsuits will occur.
@PurpleJacketJoker Competition does bring sown prices, however in some markets, only a handfull of companies control a majority of the stakes. This is were the companies become too overpowering, thus creating rifts were the customer gets screwed. Gov't regulations would be able to put resrictions on that influence the companies have creating a more stable market.
@whatdoyouwantandwhy So the different corporations are in co-hoots with each other to screw the customer out of money? They call each other up and say what? "I know we are competitors but if we both raise our prices, we can get more money out of them"
If that were ever the case, then sure, set regulations on them.
We already have laws against monopolies.. i.e. Microsoft used to have one.
@PurpleJacketJoker Well I would see it as a much more sophisticated structure then that. Social circles and esoteric connections can easily provide for a couple of people to communicate in such a way. Also, for and oligarchy to exist there really doesn't have to be any oral agreement to takeover a market. A monopoly isn't a oligarchy as well with no laws that prevent such a system.
@PurpleJacketJoker An arguement such as those would work if the market was as you stated, However in reality, that is not the case, and that is why regulations are a major factor in this system we live in.
@PurpleJacketJoker Well I never stated Regan didn't do such a thing, so what's your point? Besides creating a literal fallacy, you have proven nothing with that statement??
@whatdoyouwantandwhy I got this off wikipedia: Argument for deregulation: Deregulation does not mean elimination of laws against fraud, but eliminating or reducing government control of how business is done, thereby moving toward a more free market.
The stated rationale for deregulation is often that fewer and simpler regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall.
@PurpleJacketJoker This is true in a free-market economy, however like Pure Communism a Free Market could never exist. On the basis of human nature, we will ultimately have an oligarchy-type of system, whereas any given that market is controlled by a small number of competitors. Also, regulations are seen as rules or guidelines of a given system. A regulation provided by a Gov't could also be defined as a law.
@whatdoyouwantandwhy Well I live in America where we believe in making the market as "Free" as possible.
Why would the gov't need to control prices? If a customer has a choice of paying $10 for an item from one business or $20 for the same item.. The customer will pay $10 and when the other business sees it isn't making money, it will lower it's own prices.
The customer should be the watchdog of business.
Now hidden fee's is different... laws should be made to enforce that all fees are known.
@PurpleJacketJoker Yes, and that's the freemarket. However, America also believes much more in the value of $20 vs. $10 making it a probable reason for the company to raise their profit and still be within the market range of sell. This account of greed is a hallmark of the death of the freemarket. This is the reality of much of the market today.
@PurpleJacketJoker Yeah when a Xbox comes out the freemarket might still apply, because it's a usless item. However, when you look at markets that are more valuable, such as healthcare or oil. You will see these same free market principles washed away.
@whatdoyouwantandwhy I'm glad you brought up Healthcare. Have you read that England is decentralizing their healthcare system. The Government will not longer have control, the doctors will. Their system is heading toward free market privatization. It may be proof that an NHS is not stable under the control of the gov't.
I love the ideals the Founding Fathers spoke of with a capitalistic society of free market opportunities.
@PurpleJacketJoker And your point is??? The Uk's healthcare and the public option that was offered were to radically different things. The public option simply gave the populous a choice to use private or public healthcare providers sort of like medicare or V.A. Also the capitalist society that the fore fathers believed in are way radical compared to what we have today. Almost similar to Communism, except for the use of capital market ofcourse...
@whatdoyouwantandwhy Really? My thinking is that businesses will drop their private insurance for the government run healthcare to save money. My point is that a National Healthcare is not good for a gov't who wants to remain economically stable.. UK is one good example of that.
Medicare is only a choice when you reach 65 and VA is for veterans. I currently can't choose either of those.
I would argue that Communism is radical and capitalism is a free system.
@whatdoyouwantandwhy Communism is all about Collectivism. The Fore Fathers believed in just the opposite.. they believed in personal responsibility. That a person can own their own land, their own business and make as much money as they want under what they termed a society of "Liberty".
Communism states, you have to share the wealth with the unfortunate and live collectively equal to everyone else. That isn't a free society.
@Purple Jacket Joker Well your right and wrong about communism. Yes in communism people are equal class and wealth wise. However, in a communist state one is at their most free state since there are no possession boundaries to bind an individual.
@whatdoyouwantandwhy I believe I'm most free when I'm allowed to be successful and have continued success whereas in Communism you are forced to share your success with others. A person should be able to be charitable when they want not forced to redistribute their wealth and success to another.
Americans do not believe in equal class but they do believe in equal treatment under the law.
That is why I love America, and why I believe many want to immigrate here.
@PurpleJacketJoker As Plato stated a prisoner in the den who can only see the shadows of the fire has a different and illusionary perception of truth, then the escaped prisoner who has been able to reach the surface and experience the light of day has seen a clearer version of reality. This can be said for your perception of what freedom is. I however agree that communism isn't the ideal state either.
@PurpleJacketJoker However if we could create a social structure that has qualities of the American constitution and that of communist theories our society would be much healthier.
Hmmm hoping the housing market will collapse so as to get rich off of the collapse is the free market we need. Okay will anyone explain the good the citizens of the United States got out of Sachs desire for the financial collapse.
The New York Banking Cartel created this depression. They control the Federal Reserve and make money when the economy fluctuates. The bigger the fluctuation the more money they profit. Look at Goldman Sachs assets now and 5 years ago, that will tell you all you need to know.
Goldman Sachs also helped hide Greeces debt (illegally). Historian will look back in a 100 years and write books about the '2007 great economic con-job'. We all know its a con-job but feel powerless to do anything.
trust? it works like this: during democratic governments we distrust the government a little less than corporations, during republican governments we completely distrust the governments and look to corporations for protection. that's how bad republican governments are.
Why would you loan money to risky Americans and small businesses when you can borrow for 0% and give to the treasury for a guaranteed 3% return. This should be illegal but they control our government so its the law of the land.
Cenk do you prefer the Government take control of all monetary assets that flow through American banks and business?
If the answer is yes, then might I suggest living in Venezuela, Cuba or N. Korea. They do things that way around there.
Government should pass laws with SOME regulations and let the judicial system handle the rest. More gov't control = Business prospers less, less freedoms to individuals
@PurpleJacketJoker That is a ether or fallacy. You can still have government regulations and have a stable economy. In fact when our country had regulation it was in a stable economy. Today we have similar regulations to the 1920's and guess where that took us..... great depression. Because some individuals were given too much power. Guess what happen when the gov. had regulations we recovered and enjoyed a stable economy until the 80's when regulations were dropped again.
@PurpleJacketJoker No the Stock Market crash of 1929 was just the last straw to burst. The great depression was a result of many events that piled up. The dust bowl was created because man over plowed the plains in the bread basket. Trade halted as a result of isolationist ideals(closed borders). The Stock market crash was a direct result of deregulation of the financial sector and monetary production.
@whatdoyouwantandwhy According to Wikipedia, the dust bowl occurred from 1930 to 1936. About stock market crash and cause of Great Depressions, wikipedia says: Economic historians most often attribute the start of the Great Depression to the sudden and total collapse of US stock market prices on October 29, 1929.
I searched deregulations regarding the Depression and didn't get any results.
@PurpleJacketJoker First off, I want to point out that wiki isn't a liable source. Now back on topic, yes the depression started before the dust bowl, however the dust bowl was a major factor in making matters worst for an already bad situation. Thus, even though the economy was already bad, the dust bowl still played a major role in the over all impact.
@PurpleJacketJoker I also might add a government take over and government regulations are two completely different things. A take over might have no regulations at all and be as corrupt as a lawless private industry(what we have today). Regulations on the other hand are rules, or laws that are provided to give assurance that order is kept such as the consitution, which is regulated by the government.
@PurpleJacketJoker We are the opposite on the spectrum. Why is it all or nothing with you "free market" people?
Capitalism is fine, but it's a system that *needs* regulation to work the way it's supposed to; capitalism lends itself too easily to human greed.
Also, once you have a system that mirrors N. Korea/Cuba/etc. it's not capitalism anymore. This is what I don't understand, why does it have to be extreme or not capitalism at all when trying to defend our broken system?
@TruthNotReligion The free market system seemed to work fine during the 1900's in America. I'm not completely against regulations, I just don't want businesses to be a the mercy of the government.
When one thing goes wrong, Obama seems to want to place regulations them. Example: Oil Spill .. now there is going to be an energy bill to regulate drilling in the USA. The gov't is partly to blame for the BP oil spill. BP wanted to drill in 500 ft of water and the Gov't pushed them back to 5000ft
@PurpleJacketJoker Well yeah, the oil spill was a direct effect of sub-standard safety regualtion as much of our markets are now-a-days. Obama was handed a country with almost no control of it's businesses. I would also argue that Obama has done more to protect the status-quo, and provide little to almost no reform.
@PurpleJacketJoker America WAS a country that had it's own money & had control of it. This is when America was great. When the International Jewish Bolshevik Federal Reserve system took over, things began going to hell.
Either WE print and control our own money (through our gov reps) OR we revert to Gold & Silver, Barter & trade. Having these wall street, globalist banksters robbing & raping our economy is as much an act of sabotage, as much an act of terrorism as 9/11.
how is individual freedom related to business prosperity???? there isn't a link. besides their is no reason to have more individual freedoms, if in the end you end up being restricted and abused by the system. Very much like goldmans clients were.
@TheISLAMisFAKE Entrepreneurship is one example. I don't know if you heard about the Gov't taking over all student loans as well. When the gov't monopolizes there is no individual freedom of choice.
Who, the people who supported the corrupt former regime? Or the people that are forced to leave to look after their family because the US continue the useless embargo.
I don't believe Cenk needs to be schooled on that. Everyone with a sane and reasonable mind would know that it takes government regulation to make capitalism thrive. All this BS about government takeover crap and heading down Communism is just Conservative FUD.
@Coraxuss I laughed a little when you said corporations need gov't regulation in order for capitalism to thrive because I just saw a documentary on how well China's economy is doing. China has little or no gov't regulation on their businesses and Capitalism there has given them a booming economy. They remind me of our history during the Roaring 1920's .. when our economy was booming and there was little gov't regulations on them.
@Xerxes4242 Very little regulation. Don't you remember in the news all the products we sent back to China? Dry Wall, Tires, Toothpaste, Pet Food... all those were in the news as being harmful that came from China. You have to remember one of those if you at all follow the news.
So you believe our government should have absolutely no regulations at all? Well, guess what, we practically had none in the last administration or were you asleep under the rock all these years? Ever heard of "inside trading"? It became illegal by the government and is one example of government regulation. Roaring 20's? It's more laughable cause of what came after, lemme give you a hint, it begins with a "D".
@PurpleJacketJoker If business prospers, is because there interest come first and dont care what are the ill-effects of bad business affect to the american people. Good Business comes with regulation, unregulated business practices promotes bad business. Thats why regulation is necessary, its our lively hoods are at stake. PERIOD!!!
@PurpleJacketJoker you make some valid points but if the people who are in the judicial system are paid for by the banks and corporations (i.e. this current supreme court) there will be no stopping another financial collapse
Geez I wonder who would prosecute Goldman Sachs anyway.It would be a put on show in a Court room you would have the judge apologizing before and after the trail.Like watching a fixed fight where the other guy tells the other to go easy on him.
YES THE GOVT LET GOLDMAN OFF THE HOOK.. 500mil$ fine for crimes Goldman committed that profited them many many many billions in BONUSES ALONE, and same many more billions in salary and profits. what a crime.. Goldman didn't even admit to a crime.. what a total corrupt joke.
The one's that issue the currency are to blame. The one's that take for example Mexican Bonds that are worthless and create money backed by it. Fractal Banking, The Federal Reserve is the root. These banks are a windows into the resulting damage caused by this fact. We were warned, it was predicted and predicted and guess what, it happened. Talking about anyone else other than the feds on this issue is a diversion just like all the other crap news out there.
550 mil, that's one CEO's salary isn't it lol. more crap for the powerful to slap "THE PEOPLE" across the face with lol. "We THE PEOPLE" are just "the little people"( who mean nothing) to "Capitalism Baby" lol. how long are you gonna just let them STEAL from you lol. all of the un-employed might as well go to third world countries to get jobs so they can say they actually made products that are sold in America lol.
$500 million isn't bad for a shaky fraud case where goldman was only paid $15 million to make the deal in the first place. You can say they could've gotten more, but its not "letting them off the hook" by a long shot.
You people in the media make these points/bring up the wrong doings and then move on to something else; you people would have far more access to answers and bringing these to the forefront w/the powers that be than Joe on the street does; it is a dis service that you dont carry these further and demand answers since you have the connections internally that normal people dont..more needs to be done to hold feet to the fire/start doing it/demand of the people in power the answers needed.
@OlSpazzy i watch it and even though i like his points, i GOTTA AGREE!! his questions make ANY doctorate degree thesis questions seem like Bush Administration soundbites.
Ya know.... I remember a movie "Nothing But Trouble" When I think of what the Banks did.... The Judge HATED Bankers for what they did to him and his family... he was clinically nuts but still... I think Obama just for giggles should have nominated that judge for supreme court.... Banks would never fuck with America again.
When Palin becomes President, NOT ONLY will she keep them ON THE HOOK, she WILL DESTROY Goldman Sachs with the WRATH and FURY of GOD HERSELF just like Jesus destroyed the Temple! She will have every devious cheating conniving scheming lying Jew in that bank hung upsidedown on a cross with their legs spread out and their CIRCUMCISED PUSSIES fully EXPOSED for the GOD and the WHOLE WORLD TO SEE!
You are upset about banks borrowing at 0%? Would you the Fed to raise the nominal rate? Good luck with that. You are guaranteeing a Great Depression. In fact, even though rates are 0, monetary policy is still too tight and that's why we aren't recovering (just look at inflation expectation as proof!). If we raised rates, output and employment would fall rapidly. We actually need to make them go "negative" by committing to a higher inflation target - or preferably price-level targeting.
I'm not sure what's sadder. The fact that the government could have let them off the hook, or that Libertarians will use this as an argument against the federal government.
American legal system is fucked up, like a banana republic the rich can buy themselves out of prosecution and the corrupt politicians facilitate in exchange for campaign cash.
Why are companies allowed to make deals with the justice system? A crime was committed, let it go to trial - jail those who are guilty and then fine Goldman for every cent it earned off the illegal trades and a few $billion on top for punitive damages.
When the system can no longer serve the people we will just make a new system. Screw the banks. Print coupons for your services, and trade in anything but their worthless paper trap. The thieves don't deserve our cooperation as they have already abrogated their authority through corruption and incompetence. Take control.
The Fed is constituted of private bankers and is arguably more powerful than any other branch of government. Is it any surprise that the banking establishment is above the law?
This is WHY we need President Sarah Palin for she WILL her POWER OF GOD HERSELF and UNLEASH HER WRATH and FURY onto the Fed and DESTROY it to the ground just like Jesus destroyed the Temple.
No wonder the crazy Tea Party is coming on strong. Goldman screws the Federal Government and the Federal Government turns around and is surprised that the American people are really angry at them for paying the robbers off. We, the American people, can choose between who is going to screw us least, but all choices will screw us. Fuck the Republicans, Democrats and the Tea Party. We need a choice.
@Coraxuss Sure, all we need is more redistribution of wealth. Idiot. How about we just enforce the laws and put banksters AND govt. officials in jail?
Idiot, of course we need redistribution of wealth to those who need them, otherwise the economy will never recover. Enforcing laws won't do much until you vote douchebag crooks out of office first.
It's funny you should mention that cause that was my intentional response, but I thought it outta be used as a last resort measure. Have thousands wearing fawkes masks and surround the capitol building as it explodes (preferably along with all the GOP and Corporatists).
Oh wow. The Obama Administration thinks this is a fair settlement? This settlement is like a bank robber stealing a million dollars and paying a fine of $500 and walking away. This is just going to guarantee more of this kind of fraud because it is so profitable to pay fines of a small fraction of the stolen booty.
This comment has received too many negative votesshow
Cenk's EGO will be his downfall. Since his appearances on MSNBC he has started criticizing Obama just like the know-nothings on FoxNews and not being the progressive activist we grew to like on TYK.
@battlecreekonline We need more progressives like Cenk to rip on Obama when he makes conservative compromises. Obama is an apologetic liberal who needs pressure from the left or he will forever walk the middle road
@nriab23 ok thou 550 million is a lot to us not to GS, so when it was released that the fine is slow low that made the investors say ok now we can invest in them because 500 million is nothing. so GS made money today by getting fined
@nriab23 The people in the financial industry have created the system such that to most laypeople what they're talking about sounds like a bunch of mumbo jumbo. That's exactly how the robber barons walk away with all your money.
I have never seen the Media try and Divert so Much attention On ANY issue as important as this. Every time The Media even Mentions Wall Street, they switch topics very quickly to the war, Lebron James, a study on earthquakes.
The asshole financial guys are trying to say that the media and public are 'ganging up' on Goldman Sachs but it's for good reason. We should gang up on all these crooks.
When will we learn that the answer to government failure and corruption isn't more inept and corrupt government? When will we figure out that corporate media and the government, in spite of a few mock naysayers to confuse the dim-witted, are the same thing?
End the Fed. Starve the Federal Government to death. It's our only real hope.
teerexness 5 months ago
Were all slaves
PeaceGundam 1 year ago
Greedy jews
blackraider777 1 year ago
This has been flagged as spam show
"Free market" is impossible because
1. how do you keep the people on top from controlling everyone without regulating them?
2. how do you make sure everyone at the bottom is fed and clothed?
ANSWER
1. FREELY Share ALL resources and knowledge worldwide, NO more money/property
2. Use LATEST technology to create an ABUNDANCE of all our needs, NO more scarcity, waste or theft
3. Automate/localize ALL production and distribution, NO more wage slavery
v=YxPPnCW6sMo
v=yPmHaTirnCc
dontblockmedk 1 year ago
@whatdoyouwantandwhy I believe that Competition between businesses ultimately brings about price reductions because you want to keep your customers.
Regulations posed on business by the gov't only stifles the free market by imposing price controls. Businesses will never pay for tax increases, its the customers who suffer higher costs because those businesses pass the tax increase onto the consumer.
If a corp makes a product harmful to the consumer, gov't need not regulate, lawsuits will occur.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker Competition does bring sown prices, however in some markets, only a handfull of companies control a majority of the stakes. This is were the companies become too overpowering, thus creating rifts were the customer gets screwed. Gov't regulations would be able to put resrictions on that influence the companies have creating a more stable market.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy So the different corporations are in co-hoots with each other to screw the customer out of money? They call each other up and say what? "I know we are competitors but if we both raise our prices, we can get more money out of them"
If that were ever the case, then sure, set regulations on them.
We already have laws against monopolies.. i.e. Microsoft used to have one.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker Well I would see it as a much more sophisticated structure then that. Social circles and esoteric connections can easily provide for a couple of people to communicate in such a way. Also, for and oligarchy to exist there really doesn't have to be any oral agreement to takeover a market. A monopoly isn't a oligarchy as well with no laws that prevent such a system.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker An arguement such as those would work if the market was as you stated, However in reality, that is not the case, and that is why regulations are a major factor in this system we live in.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy You didn't follow the Reagan years when he was President did you? Lots of deregulations were made during his Administration.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker Well I never stated Regan didn't do such a thing, so what's your point? Besides creating a literal fallacy, you have proven nothing with that statement??
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy I got this off wikipedia: Argument for deregulation: Deregulation does not mean elimination of laws against fraud, but eliminating or reducing government control of how business is done, thereby moving toward a more free market.
The stated rationale for deregulation is often that fewer and simpler regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker This is true in a free-market economy, however like Pure Communism a Free Market could never exist. On the basis of human nature, we will ultimately have an oligarchy-type of system, whereas any given that market is controlled by a small number of competitors. Also, regulations are seen as rules or guidelines of a given system. A regulation provided by a Gov't could also be defined as a law.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy Well I live in America where we believe in making the market as "Free" as possible.
Why would the gov't need to control prices? If a customer has a choice of paying $10 for an item from one business or $20 for the same item.. The customer will pay $10 and when the other business sees it isn't making money, it will lower it's own prices.
The customer should be the watchdog of business.
Now hidden fee's is different... laws should be made to enforce that all fees are known.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker Yes, and that's the freemarket. However, America also believes much more in the value of $20 vs. $10 making it a probable reason for the company to raise their profit and still be within the market range of sell. This account of greed is a hallmark of the death of the freemarket. This is the reality of much of the market today.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker Yeah when a Xbox comes out the freemarket might still apply, because it's a usless item. However, when you look at markets that are more valuable, such as healthcare or oil. You will see these same free market principles washed away.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy I'm glad you brought up Healthcare. Have you read that England is decentralizing their healthcare system. The Government will not longer have control, the doctors will. Their system is heading toward free market privatization. It may be proof that an NHS is not stable under the control of the gov't.
I love the ideals the Founding Fathers spoke of with a capitalistic society of free market opportunities.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker And your point is??? The Uk's healthcare and the public option that was offered were to radically different things. The public option simply gave the populous a choice to use private or public healthcare providers sort of like medicare or V.A. Also the capitalist society that the fore fathers believed in are way radical compared to what we have today. Almost similar to Communism, except for the use of capital market ofcourse...
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy Really? My thinking is that businesses will drop their private insurance for the government run healthcare to save money. My point is that a National Healthcare is not good for a gov't who wants to remain economically stable.. UK is one good example of that.
Medicare is only a choice when you reach 65 and VA is for veterans. I currently can't choose either of those.
I would argue that Communism is radical and capitalism is a free system.
PurpleJacketJoker 1 year ago
@whatdoyouwantandwhy Communism is all about Collectivism. The Fore Fathers believed in just the opposite.. they believed in personal responsibility. That a person can own their own land, their own business and make as much money as they want under what they termed a society of "Liberty".
Communism states, you have to share the wealth with the unfortunate and live collectively equal to everyone else. That isn't a free society.
PurpleJacketJoker 1 year ago
@Purple Jacket Joker Well your right and wrong about communism. Yes in communism people are equal class and wealth wise. However, in a communist state one is at their most free state since there are no possession boundaries to bind an individual.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy I believe I'm most free when I'm allowed to be successful and have continued success whereas in Communism you are forced to share your success with others. A person should be able to be charitable when they want not forced to redistribute their wealth and success to another.
Americans do not believe in equal class but they do believe in equal treatment under the law.
That is why I love America, and why I believe many want to immigrate here.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker As Plato stated a prisoner in the den who can only see the shadows of the fire has a different and illusionary perception of truth, then the escaped prisoner who has been able to reach the surface and experience the light of day has seen a clearer version of reality. This can be said for your perception of what freedom is. I however agree that communism isn't the ideal state either.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker However if we could create a social structure that has qualities of the American constitution and that of communist theories our society would be much healthier.
whatdoyouwantandwhy 1 year ago
Gee what about Fannie and Freddy I guess the Gov still need them for bogus loans Ha
codyharley1 1 year ago
Goldman Sachs is the government. Geithner and Obama are bought and paid for.
LibertyRadical 1 year ago
@MangaMoogleMan Fox News is my guess.
Xerxes4242 1 year ago
Anything short of burning their headquarters to the ground and lynching everyone involved is letting them off the hook, imo. >8{
Bobbiethejean 1 year ago
Hmmm hoping the housing market will collapse so as to get rich off of the collapse is the free market we need. Okay will anyone explain the good the citizens of the United States got out of Sachs desire for the financial collapse.
666brainiac 1 year ago
The New York Banking Cartel created this depression. They control the Federal Reserve and make money when the economy fluctuates. The bigger the fluctuation the more money they profit. Look at Goldman Sachs assets now and 5 years ago, that will tell you all you need to know.
Goldman Sachs also helped hide Greeces debt (illegally). Historian will look back in a 100 years and write books about the '2007 great economic con-job'. We all know its a con-job but feel powerless to do anything.
dazzagazza6969 1 year ago
trust? it works like this: during democratic governments we distrust the government a little less than corporations, during republican governments we completely distrust the governments and look to corporations for protection. that's how bad republican governments are.
DrQuijano 1 year ago
Cenk, they put too much eyeshadow on you.
matrix13thfloor 1 year ago
Why would you loan money to risky Americans and small businesses when you can borrow for 0% and give to the treasury for a guaranteed 3% return. This should be illegal but they control our government so its the law of the land.
gone556 1 year ago
I wish Max Keiser was on US Cable news...
" Hello, they're financial terrorist. Economic arsonists"
elCAPTAINrifa 1 year ago
Cenk is an idiot loon Liberal that hates America, just like all Libs and Obama Supporters
cam1126 1 year ago
@cam1126 God you're freaking Idiot...
Dblock7185 1 year ago
Cenk do you prefer the Government take control of all monetary assets that flow through American banks and business?
If the answer is yes, then might I suggest living in Venezuela, Cuba or N. Korea. They do things that way around there.
Government should pass laws with SOME regulations and let the judicial system handle the rest. More gov't control = Business prospers less, less freedoms to individuals
PurpleJacketJoker 1 year ago 2
@PurpleJacketJoker NOBODY's asking for "Government control" of anything, just STRONG LAWS on behalf of the country. Stop being such a Becktard.
TheNavigateur 1 year ago
@PurpleJacketJoker That is a ether or fallacy. You can still have government regulations and have a stable economy. In fact when our country had regulation it was in a stable economy. Today we have similar regulations to the 1920's and guess where that took us..... great depression. Because some individuals were given too much power. Guess what happen when the gov. had regulations we recovered and enjoyed a stable economy until the 80's when regulations were dropped again.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy I see your point but I would argue the great depression wasn't due to deregulation but due to the stock market crash.
When World War II, our businesses started producing products for the war and our economy was stabilized.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker No the Stock Market crash of 1929 was just the last straw to burst. The great depression was a result of many events that piled up. The dust bowl was created because man over plowed the plains in the bread basket. Trade halted as a result of isolationist ideals(closed borders). The Stock market crash was a direct result of deregulation of the financial sector and monetary production.
whatdoyouwantandwhy 1 year ago
@whatdoyouwantandwhy According to Wikipedia, the dust bowl occurred from 1930 to 1936. About stock market crash and cause of Great Depressions, wikipedia says: Economic historians most often attribute the start of the Great Depression to the sudden and total collapse of US stock market prices on October 29, 1929.
I searched deregulations regarding the Depression and didn't get any results.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker First off, I want to point out that wiki isn't a liable source. Now back on topic, yes the depression started before the dust bowl, however the dust bowl was a major factor in making matters worst for an already bad situation. Thus, even though the economy was already bad, the dust bowl still played a major role in the over all impact.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker I also might add a government take over and government regulations are two completely different things. A take over might have no regulations at all and be as corrupt as a lawless private industry(what we have today). Regulations on the other hand are rules, or laws that are provided to give assurance that order is kept such as the consitution, which is regulated by the government.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker We are the opposite on the spectrum. Why is it all or nothing with you "free market" people?
Capitalism is fine, but it's a system that *needs* regulation to work the way it's supposed to; capitalism lends itself too easily to human greed.
Also, once you have a system that mirrors N. Korea/Cuba/etc. it's not capitalism anymore. This is what I don't understand, why does it have to be extreme or not capitalism at all when trying to defend our broken system?
TruthNotReligion 1 year ago
@TruthNotReligion The free market system seemed to work fine during the 1900's in America. I'm not completely against regulations, I just don't want businesses to be a the mercy of the government.
When one thing goes wrong, Obama seems to want to place regulations them. Example: Oil Spill .. now there is going to be an energy bill to regulate drilling in the USA. The gov't is partly to blame for the BP oil spill. BP wanted to drill in 500 ft of water and the Gov't pushed them back to 5000ft
PurpleJacketJoker 1 year ago
@PurpleJacketJoker Well yeah, the oil spill was a direct effect of sub-standard safety regualtion as much of our markets are now-a-days. Obama was handed a country with almost no control of it's businesses. I would also argue that Obama has done more to protect the status-quo, and provide little to almost no reform.
whatdoyouwantandwhy 1 year ago
@PurpleJacketJoker America WAS a country that had it's own money & had control of it. This is when America was great. When the International Jewish Bolshevik Federal Reserve system took over, things began going to hell.
Either WE print and control our own money (through our gov reps) OR we revert to Gold & Silver, Barter & trade. Having these wall street, globalist banksters robbing & raping our economy is as much an act of sabotage, as much an act of terrorism as 9/11.
matrix13thfloor 1 year ago
@matrix13thfloor Well like I said, some regulations on the banking industry is a good thing. I believe we shouldn't have ever left the Gold standard.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker
how is individual freedom related to business prosperity???? there isn't a link. besides their is no reason to have more individual freedoms, if in the end you end up being restricted and abused by the system. Very much like goldmans clients were.
TheISLAMisFAKE 1 year ago
@TheISLAMisFAKE Entrepreneurship is one example. I don't know if you heard about the Gov't taking over all student loans as well. When the gov't monopolizes there is no individual freedom of choice.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker
Cuba is a better country then America.
topgear421 1 year ago
@topgear421 Yeah, I know. I've heard soo many good things from Cuban Americans here about Fidel Castro who fled that country.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker
Who, the people who supported the corrupt former regime? Or the people that are forced to leave to look after their family because the US continue the useless embargo.
topgear421 1 year ago
@PurpleJacketJoker
I don't believe Cenk needs to be schooled on that. Everyone with a sane and reasonable mind would know that it takes government regulation to make capitalism thrive. All this BS about government takeover crap and heading down Communism is just Conservative FUD.
Coraxuss 1 year ago
@Coraxuss I laughed a little when you said corporations need gov't regulation in order for capitalism to thrive because I just saw a documentary on how well China's economy is doing. China has little or no gov't regulation on their businesses and Capitalism there has given them a booming economy. They remind me of our history during the Roaring 1920's .. when our economy was booming and there was little gov't regulations on them.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker China has no regulation on their businesses?
AHAHAHAHAHAHAHA That's the best troll comment I've ever seen.
Xerxes4242 1 year ago
@Xerxes4242 Very little regulation. Don't you remember in the news all the products we sent back to China? Dry Wall, Tires, Toothpaste, Pet Food... all those were in the news as being harmful that came from China. You have to remember one of those if you at all follow the news.
PurpleJacketJoker 1 year ago
@PurpleJacketJoker No regulation on product standards, certainly, but they run all the businesses themselves. That's what I was referring to.
Xerxes4242 1 year ago
@PurpleJacketJoker
So you believe our government should have absolutely no regulations at all? Well, guess what, we practically had none in the last administration or were you asleep under the rock all these years? Ever heard of "inside trading"? It became illegal by the government and is one example of government regulation. Roaring 20's? It's more laughable cause of what came after, lemme give you a hint, it begins with a "D".
Coraxuss 1 year ago
@PurpleJacketJoker If business prospers, is because there interest come first and dont care what are the ill-effects of bad business affect to the american people. Good Business comes with regulation, unregulated business practices promotes bad business. Thats why regulation is necessary, its our lively hoods are at stake. PERIOD!!!
lapiz4azulli 1 year ago
@PurpleJacketJoker you make some valid points but if the people who are in the judicial system are paid for by the banks and corporations (i.e. this current supreme court) there will be no stopping another financial collapse
Ntownsfinest 1 year ago
@PurpleJacketJoker Cenk is not a socialist, though he is much farther left than what the country is.
Xerxes4242 1 year ago
@Xerxes4242 I didn't mean to say that Cenk was a Socialist. If that is how it came off, I apologize
PurpleJacketJoker 1 year ago
is it me or does cenk look older when hes on MSNBC, i think its his hairgel, the heavy lights illuminate it and it makes his hair look gray XD
MjXllcommando 1 year ago
Geez I wonder who would prosecute Goldman Sachs anyway.It would be a put on show in a Court room you would have the judge apologizing before and after the trail.Like watching a fixed fight where the other guy tells the other to go easy on him.
Useyno 1 year ago
There's bitter irony in the fact that Obama has really only made TOKEN gestures.
Asymmatrix 1 year ago
Yup...The principals of the Federal Reserve are why this happened.
KaptinObvious 1 year ago
YES THE GOVT LET GOLDMAN OFF THE HOOK.. 500mil$ fine for crimes Goldman committed that profited them many many many billions in BONUSES ALONE, and same many more billions in salary and profits. what a crime.. Goldman didn't even admit to a crime.. what a total corrupt joke.
josephcecil 1 year ago
The one's that issue the currency are to blame. The one's that take for example Mexican Bonds that are worthless and create money backed by it. Fractal Banking, The Federal Reserve is the root. These banks are a windows into the resulting damage caused by this fact. We were warned, it was predicted and predicted and guess what, it happened. Talking about anyone else other than the feds on this issue is a diversion just like all the other crap news out there.
Vote Ron Paul 2012
joshpapendorf 1 year ago
Nothing has changed under Obama, that's just fact, and I hope, I know, the true liberals and progressives will not support him for a second term.
TheUSMetalhead 1 year ago
@TheUSMetalhead so are we supposed to support the republican?
Sneek88 1 year ago
Did the Govnmt let Goldman Sachs off the hook? in the words of cenk: oooofffff coooouuuuurrrsssseeee!!!!!!!
bluehorse888 1 year ago 7
550 mil, that's one CEO's salary isn't it lol. more crap for the powerful to slap "THE PEOPLE" across the face with lol. "We THE PEOPLE" are just "the little people"( who mean nothing) to "Capitalism Baby" lol. how long are you gonna just let them STEAL from you lol. all of the un-employed might as well go to third world countries to get jobs so they can say they actually made products that are sold in America lol.
regtracker 1 year ago
$500 million isn't bad for a shaky fraud case where goldman was only paid $15 million to make the deal in the first place. You can say they could've gotten more, but its not "letting them off the hook" by a long shot.
rsrs17 1 year ago
@rsrs17 ye not by a long shot. that's why their stock went up 7% and they popped the champagne idiot.
BOZ11 1 year ago
You people in the media make these points/bring up the wrong doings and then move on to something else; you people would have far more access to answers and bringing these to the forefront w/the powers that be than Joe on the street does; it is a dis service that you dont carry these further and demand answers since you have the connections internally that normal people dont..more needs to be done to hold feet to the fire/start doing it/demand of the people in power the answers needed.
MOBILEMUZZ 1 year ago
Of course Goldman always wins...they make the rules and own the game.
GARY GENSLER CAME FROM GOLDMAN SACHS, Cenk!!! His job was to make sure that Goldman kept derivatives!
Unreal!!!
RAMKING61 1 year ago
Is Cenk wearing white eyeshadow?
WellIAMScottish 1 year ago 2
@WellIAMScottish looks blue
hchukuka 1 year ago
Dylan Ratigan is always so damn long-winded. Do people actually watch his show? He's such an obnoxious host.
OlSpazzy 1 year ago 2
@OlSpazzy
Cenk is a better host of Ratigan's show than Dylan himself LOL
micahgee 1 year ago
@OlSpazzy i watch it and even though i like his points, i GOTTA AGREE!! his questions make ANY doctorate degree thesis questions seem like Bush Administration soundbites.
docdrew87 1 year ago
Dylan Ratigan is a good host and commentator -> it would be great if Cenk replaced him!
diceyLee 1 year ago 3
BURN THAT MOTHERFUCKER DOWN!!!!!!!!!
803brando 1 year ago
Ya know.... I remember a movie "Nothing But Trouble" When I think of what the Banks did.... The Judge HATED Bankers for what they did to him and his family... he was clinically nuts but still... I think Obama just for giggles should have nominated that judge for supreme court.... Banks would never fuck with America again.
korusi 1 year ago
@korusi Your correct. I think the CEO of goldman sachs and his wife should take a ride on "MISTER BONESTRIPPER."
traingp7 1 year ago
“Who’s the bigger fool? The fool, or the fool who follows him?”
Obi Wan Kenobi, Star Wars
dkkght46 1 year ago
Did govt let Goldman Sachs off the hook? Of coooooooooooooooooooooooooooourse they did.
cne08 1 year ago 2
I thought Dylan Ratigan totally cut that guy off when he was talking, but apparently TYT just edited it out to get to Cenk. XD
Dradeeus 1 year ago
Did the Govt Let Goldman Sachs Off the Hook? As the Turd would say, ooofff cccooouurrse!!!!!!
xxdonaldqxx 1 year ago
What a horrible tragedy for this cunt-
Pilaf1984 1 year ago
This has been flagged as spam show
When Palin becomes President, NOT ONLY will she keep them ON THE HOOK, she WILL DESTROY Goldman Sachs with the WRATH and FURY of GOD HERSELF just like Jesus destroyed the Temple! She will have every devious cheating conniving scheming lying Jew in that bank hung upsidedown on a cross with their legs spread out and their CIRCUMCISED PUSSIES fully EXPOSED for the GOD and the WHOLE WORLD TO SEE!
ecwaufisxtreme 1 year ago
Yes, yes they did
fallout2029 1 year ago
happy birthday arianna!
k0d14k1 1 year ago
Looks like MSNBC caked on some serious eye shadows on Cenk.
bluepastel 1 year ago 2
You are upset about banks borrowing at 0%? Would you the Fed to raise the nominal rate? Good luck with that. You are guaranteeing a Great Depression. In fact, even though rates are 0, monetary policy is still too tight and that's why we aren't recovering (just look at inflation expectation as proof!). If we raised rates, output and employment would fall rapidly. We actually need to make them go "negative" by committing to a higher inflation target - or preferably price-level targeting.
ASRIBEIRIO 1 year ago
I'm not sure what's sadder. The fact that the government could have let them off the hook, or that Libertarians will use this as an argument against the federal government.
CapitalistOverlord 1 year ago
What a great time to cut the clip. "What a tragedy for this cunt."
eliosh 1 year ago
American legal system is fucked up, like a banana republic the rich can buy themselves out of prosecution and the corrupt politicians facilitate in exchange for campaign cash.
Why are companies allowed to make deals with the justice system? A crime was committed, let it go to trial - jail those who are guilty and then fine Goldman for every cent it earned off the illegal trades and a few $billion on top for punitive damages.
xdir 1 year ago 3
Too much eye shadow!
therealcharismatron 1 year ago
hey isn't this copyright infringement?
fuzzjunky 1 year ago
@fuzzjunky im pretty sure they get permission since they know dylan ratigan
aziansn4k3 1 year ago
isnt it a british bank thats actually paying it? (if you look closely i mean, only caught a little on the bbc)
MitchofSmeg 1 year ago
lol is Cenk wearing white eye shadow?
StillAware 1 year ago
@StillAware Maybe. Everyone on tv wears some make-up, it's almost unavoidable. Studio lights do awful things to skin on camera.
cappastrano 1 year ago
Go Cenk!
HimmiJoe 1 year ago
If Cenk keeps this up... He just might get Auto-tuned. And how sweet would THAT be...?
DarkManS32 1 year ago 2
When the system can no longer serve the people we will just make a new system. Screw the banks. Print coupons for your services, and trade in anything but their worthless paper trap. The thieves don't deserve our cooperation as they have already abrogated their authority through corruption and incompetence. Take control.
dhuntor 1 year ago
The Fed is constituted of private bankers and is arguably more powerful than any other branch of government. Is it any surprise that the banking establishment is above the law?
cornellmusicppc 1 year ago 2
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@cornellmusicppc
This is WHY we need President Sarah Palin for she WILL her POWER OF GOD HERSELF and UNLEASH HER WRATH and FURY onto the Fed and DESTROY it to the ground just like Jesus destroyed the Temple.
ecwaufisxtreme 1 year ago
This has been flagged as spam show
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bodoggyT1000 1 year ago
No wonder the crazy Tea Party is coming on strong. Goldman screws the Federal Government and the Federal Government turns around and is surprised that the American people are really angry at them for paying the robbers off. We, the American people, can choose between who is going to screw us least, but all choices will screw us. Fuck the Republicans, Democrats and the Tea Party. We need a choice.
menthol5 1 year ago
One wise man once told me......Money talks and bullshit walks.
FireScorpion343 1 year ago
If there's gonna be Tea Party seats in Congress, they should get the rightmost seats. Or tear down the wall and install new chairs....
Tounushi 1 year ago
What America needs is a Robin Hood.
Coraxuss 1 year ago 34
@Coraxuss We jail those people. :/
Emil246 1 year ago
@Coraxuss Sure, all we need is more redistribution of wealth. Idiot. How about we just enforce the laws and put banksters AND govt. officials in jail?
robert7232 1 year ago
@robert7232
Idiot, of course we need redistribution of wealth to those who need them, otherwise the economy will never recover. Enforcing laws won't do much until you vote douchebag crooks out of office first.
Coraxuss 1 year ago
@Coraxuss What England needs is a Robin Hood too
kyral210 1 year ago
@Coraxuss .. who will rise and rise again until lambs becomes lions!
Zajuts149 1 year ago
@Coraxuss what america need is a V
CyberSpartan66 1 year ago
@CyberSpartan66
It's funny you should mention that cause that was my intentional response, but I thought it outta be used as a last resort measure. Have thousands wearing fawkes masks and surround the capitol building as it explodes (preferably along with all the GOP and Corporatists).
Coraxuss 1 year ago
i couldnt agree more with this segment. thumbs up dylan, cenk.
playgrrrr 1 year ago
Congrats on your new son, Cenk. That's an EPIC name, too!
LibertyInProgress 1 year ago
This has been flagged as spam show
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sicklesickle 1 year ago
@sicklesickle 010101110010101110101000010101010101010110 and
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01010101010000,
1010101010111010010110101111010101!
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u what the hell does "W+¨UUª«Ê¡NµUUBªékÕ" even mean ? Binary Fail.
jiberish001 1 year ago
@jiberish001
10101101111010110101111100101000011110101010111101010100101010101010000011101010100110011.
mikepike25 1 year ago
@mikepike25
Monocle Smile
Jackthemeat 1 year ago
@jiberish001 Just seeing who was dumb enough to try to translate, you win.
jiberish001 Epic Fail!
BenjaminFranklin2u 1 year ago
@BenjaminFranklin2u 0 is what we get in return.
xxdonaldqxx 1 year ago
This has been flagged as spam show
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DOPIncRecords 1 year ago
This has to really piss off the Obama Administration,
as about, what, half of them use to work for Goldman Sachs?
And please,
get this fucking loud mouthed Ratigan out of your videos.
He makes me want to vomit.
And I don't care to spew forth.
bobbytiger 1 year ago
This has been flagged as spam show
9/11 inside job
peoplz360 1 year ago
Oh wow. The Obama Administration thinks this is a fair settlement? This settlement is like a bank robber stealing a million dollars and paying a fine of $500 and walking away. This is just going to guarantee more of this kind of fraud because it is so profitable to pay fines of a small fraction of the stolen booty.
klard 1 year ago 3
This comment has received too many negative votes show
Cenk's EGO will be his downfall. Since his appearances on MSNBC he has started criticizing Obama just like the know-nothings on FoxNews and not being the progressive activist we grew to like on TYK.
battlecreekonline 1 year ago
@battlecreekonline We need more progressives like Cenk to rip on Obama when he makes conservative compromises. Obama is an apologetic liberal who needs pressure from the left or he will forever walk the middle road
volcombillx3 1 year ago
@battlecreekonline Cenk Was Criticizing Barry A Year Ago.
07liberian 1 year ago
The most interesting man in the world commercial, perfect for a tyt ad.
Xenithan 1 year ago
Is it just me or is anyone else lost by what they are talking about?
nriab23 1 year ago
@nriab23 ok thou 550 million is a lot to us not to GS, so when it was released that the fine is slow low that made the investors say ok now we can invest in them because 500 million is nothing. so GS made money today by getting fined
Nibielari 1 year ago
@nriab23 : They are talking about bankers stealing trillions and getting fined millions. Just a huge monumental rip off of the taxpayers.
klard 1 year ago
@nriab23 The people in the financial industry have created the system such that to most laypeople what they're talking about sounds like a bunch of mumbo jumbo. That's exactly how the robber barons walk away with all your money.
volcombillx3 1 year ago
@nriab23 it's just you... We Understand reality
hellboundmatt 1 year ago
Dylan is so full of shit
LightSlei 1 year ago
CEnK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
FoxMedina 1 year ago
Finally Cenk!!!!!!!!! I fucking hate the other TYT co-'hosts'
DerrenBrown100 1 year ago
Love that the Cenk/MSNBC collaboration seems to have led to an increase in Dylan Ratigan "clips". Good move.
lstntn 1 year ago 3
@lstntn The TYT army baby
RumbleHD 1 year ago
@RumbleHD : ) Love the TYT Army. They (and Dylan and Ed
and Rachel) tell it "like it is".
lstntn 1 year ago
fuck obama
korrdxl 1 year ago
fuck bush
Eric8542010 1 year ago
@Eric8542010 fuck all you imperialistic dogs
backsider578 1 year ago
@Eric8542010 and Clinton and Obama
larnem 1 year ago
@korrdxl and Bush and Clinton
larnem 1 year ago
Cenk is all bigtime now... don't forget the little people!
DjDedan 1 year ago 76
no his not dont talk without knowing you fucking piece of shit.
w2323232323 1 year ago
@DjDedan Yeah 'we the people made him'
polkarde 1 year ago
I have never seen the Media try and Divert so Much attention On ANY issue as important as this. Every time The Media even Mentions Wall Street, they switch topics very quickly to the war, Lebron James, a study on earthquakes.
Will They Ever Challenge people in Power?
Maziyar 1 year ago 2
@Maziyar Who is in power? By looking at the mainstream media lateIy I thought LeBron James was King and Lindsay Lohan Queen!
larnem 1 year ago
The asshole financial guys are trying to say that the media and public are 'ganging up' on Goldman Sachs but it's for good reason. We should gang up on all these crooks.
metalorg 1 year ago 2
Is it just me or did they put WAY too much eyeshadow on Cenk?
poetsamurai 1 year ago 2
A "teabagger" caucus in the Congress????
WTF???
No teabaggers have been elected to Congress.
Richardgwm 1 year ago
lol at the end "...and I think that that is a real tragedy for thus cunt-"
AceBobcat 1 year ago
cenk doesnt start talking till 2:20
InfiniteGXT 1 year ago
Congrats on the new baby, Cenk.
The criminal bankers own this country. What this country needs is a War vs Wall Street Bankers.
darealdjnutz