If Obama appoints another Wall Street CEO to head the Treasury, he just confirms everybody's belief that he is a creature of Wall Street. HE WILL SUFFER IN THE POLLS - Wall Street is not popular. GUILT by association. We'll have to rename him One-term Obama.
@DojoNDude You know that a republican president isn't going to be any different. So who are you going to vote for instead? We don't won't have any good choices.
Earth to co-host: there are TONS of people out there who understand banking and finance well enough to be Treas. Sec. Hell, Jamie Dimon doesn't even know how to value the shit on his own balance sheet (that's what the physics guys are for).
In any case, there are plenty of former bankers and finance guys who are smarter and better qualified than Obama's friend "Jamie". Chris Whalen of IRA, William Black, Josh Rosner of Graham Fisher. "Don't believe the hype!"
This show is 10 times better now that is has that other guy with him on his show. I hope he stays there permanetly. I like it this way because he's funny, experienced, and intelligent.
This is majorly Sad, after he raped you blind and robbed you poor, ahahahahah you fucks trust the gov?
Overthrow the gov, what are they going to do? a mass murder like the Boston Tea party.. you scary fucks, those men and woman who died back then were real patriot, not you fucks, you fucks are a poor excuse for an American.
Speaking of the tax code, did you hear that the Obama Administration rewrote the code so that our tax returns in 2010 will have to list any firearms we own? Nice Eh...
LOL! You conservatives will make up anything to feed your paranoia! It must be horrible. You have to openly make up lies to prove that you're right??? Don't you see that that makes you wrong?
ppl need 2 understand dat da world does not run because of americans only, america itself does not move if money is not involved in the equation, dats every1 even volunteers, dats bull if u think theres anything free in america, but america cannot survive w/out imports and exports how is america suppose 2 dat w/out foreign relations, america needs to get out of iraq and afghanistan when countries like da UK r only sending 500 troops and we have 100,000's, should tell u sumthing
Cenk, I really think you still have this knight in shinning armour image of Obama, but every day we see how well Obama can sell but not act. I totally agree that he is in the bubble with everyone but the American people. I have no faith in Obama anymore. You have reported on one thing about his administration, within the last 11 months, that proves he's not just a really good seller! It's really sad!
o i see, sorry i misread you, your absolutely right. However, fascism and free market capitalism are far from on the opposite ends of "the political spectrum", if there is such a thing, look at pinochet or franco.
thats is not "corporate socialism", whatever that means, it is mixed capitalism. To say that socialism is "up the scale" from fascism is an absolute joke.
Obama wasn't experienced enough to hold the office of President and he wasn't in Washington long enough to understand the dog eat dog world he was in. that is the reason he is making (or not making) the decisions he has. He HAS to rely on other people for answers and direction, cover and counter moves.
Yes he was the better choice of the two, only because McCain was too old and Palin too dumb. But he isn't going to have a second term, and no..not a republican, still zero
Obama is the biggest Uncle Tom in history and Ralph Nader had a good point and anyone who throws him under the bus should either kill themselves or become Republican.
a respectful answer. however, sorry to be such a debbie downer but i'm just too cynical to believe that any politician, whether they are obama, ron paul, palin, dubya, clinton etc. can stay "honest" once they land in the Oval Office. it's a tough game and you might need to get your hands dirty to get your goals through
fluffynoses, business as usual has brought us to this place. we need to have politicians with morals and true idealogy like kucinich and paul. they have been marginalized because they dont get their hands dirty. but because they are that type of person their popularity is rising
da right economy is a growing economy, an economy w/ new ideas, and educated people to think those ideas out, and not worrying about who did this and who did that, or this guy is this color and that guy is that color, america has to be 1 nation before it can go any further, and there is no way anyone not even the wealthiest in america can do about that, america is america, da land of the free and home to the bravest(California), so suck it up
Seriously, why would that surprise anyone. Who do you think they'll hire -- a Ron Paul or a Peter Schiff? Please. The thing that gets me is how audacious they are about it. But when you got a country full of morons, why not?
.. it looks like the move to replace Geithner with someone even more in favor of financial deregulation is infludenced by none other than Sarah Palin.
I agree with this whole video, except their alternatives.
Stiglitz? Krugman?
lol your deficit would be ten times as high if those guys were making the decisions.
I know everyone thinks Krugman is so smart because he won a nobel prize, but he is a very very bad economist. He is constantly commiting the most obvious fallacys.
I know he is well meaning, but these guys are uber interventionists. If they were in treasury I would call you guys the USSA. And im a Canadian, lol!
Yeah, JP Morgan ain't "all in" on credit default swaps and junk mortgages....THEY CONTROL THE MARKET ON STUDENT LOANS AT EXORBITANT INTERESTS RATES! Bring in this JP Morgan dupe and kiss goodbye to ALL reforms to student loan racketeering.
tehant1liberal : Christianity is responsible for more death and murder in the last 2000 years than any other religion, government, or ideology so don't speel that freedom and Christ bullshit. You conservatives use Christ as a way to start your wars and further your own personal conquests.
And the recession was caused by and started under the Bush administration. everyone knows that. This was dropped in Obama's lap you stupid fuck.
actually Geitner was in charge of regulating the banks of wall street while he was incharge of the federal reserve in NY, clearly that piece of trash did not do his job, he is just as awfull as his predecessor
the reason the recession just magically happned as soon as obama took office was because THIS WAS HIS PLAN, he took a page straight out of his idol adolf hitlers playbook by crashng the economy, ruining peoples lives, that way they wont be able to resisit his communist agenda and his plan to become dictator for life. thats the difference between conservatives and liberals, conservatives seek to free people with christ and freedom, liberals seek to enslave with taxes and tyranny
you are one class A moron, do you think you're smart ? do you realize how stupid you are ? Obama crashed the economy ? Go hide under a rock you stupid son of bitch.
America has learned nothing from the latest disastrous recession. We're riding another bubble now. With no restrictions to keep disaster in check, we may be setting ourselves up for a new econonmic disaster. I'm afraid that nothing has "change"d with Obama at all.
Isn't this about like giving the SECDEF post to the CEO of GE (name your own major defense contractor, GE is just huge), after almost being driven out of a foreign war?
I love the heroes on here calling everyone idiots without truely knowing if you look down on someone on those simplistic terms, you sir are the true idiot.
I've said it before and I'll say it again - North Korea.
But I'm sure that's not true socialism, right?
Ignorant fu4ktard.
and if cuba is so great, why are people clammering to get outta there? a guy I know even married a woman twice his age to escape cuba, and then claimed to be insane and got a divorce after he got his citizenship.
It's probably gonna take the People to revolt in some form or another, in a big way, to change the government. To just keep on trusting most of the people in power clearly is not working. It all boils down to the People and how closely they want to monitor THEIR own government.
I think many people still don't realize, whatever laws you make, whatever standards you introduce, whatever president you elect, the rich will find ways to screw the poor.
It's been that way since the first ape realized it was easier to beat his neighbor over the head with a bone than it was to hunt for his own food.
Exactly. Even in the most ideal situations, corruption leaks through because of how people are. Greed over takes a person after it's in front of them for long enough.
@megamarsvin And whatever we do people will kill each other, Are you proposing we stop the police from investigating and end all attempts to limit gun violence?
oh yeah you are definitely right about that. business has its hands so far down the govt.'s pockets it's a shame, but this is partly due to the popularity of libertarianism in this country, b/c everyone apparently loves (or just remains indifferent) it when our businesses continually take advantage of us in the name of the "Free market."
btw, i hope you're not one of those ron paul fuckwits who keep talking about bringin america back to the people when he's the biggest fucking libertarian.
Yeah that's right. Listen to the wolves, sheep don't need shepherds or sheepdogs. Just let them roam free and the wolves will make sure there are enough sheep left at the end of the day. It wouldn't be in their interest to just eat them all would it?
Even 30x $2600 is only 78K, so is Obama really selling out 300 million Americans and sending this country down the drain for less than the cost of a Hummer? Seems to me like there must be some other trick they're using, or Obama is really greedy. Even a thousand people each giving him the maximum would only be 2.6 million or so; that's not really that much money. This is such bullshit. I don't care if it's a billion, I wouldn't sell out the whole country for it.
do you know why the fed govt. sucks here in america, b/c of its "federal" nature. obviously i'm going to draw a lot of flak from these neo-confederates, libertarian, Ayn Rand pussy eaters, populists etc, but I just think that the presence of so many different state govts really handicaps the capabilities of the federal govt b/c the fed has to cater to every one of those goddamn 50 state govts. yeah that's real efficient.
OK this new guy is fired. He interrupts the flow, that's a given...
But then, attempting to provide useful information on how many bankers have no clue what they're doing, he throws out an arbitrary percentage he uses for all lines of work. What? Fired.
it's not entirely untrue though. in ANY field THERE IS a percentage of people who DO NOT know jack shit about whatever field they're in. maybe it's not 30% but it's some percentage. personally i think it's closer to 50%. ask ANY enggineer, how many of them will tell you their manager doesn't know dick about the field they're in, or how many co working enggineers dont know dick.
i think he did admit it was totally random. like it was just a number he chose out of his own experience. like when i said the number was closer to 50% that's from my own experience. obviously neither number is accurate. BUT it's funny hahaha.
things will not change until we put people in the office that represent the average american, and not the wealthy internationalist.
abolish the fed, end fractional reserve banking, print our own money, arrest the war criminals, put constraints on campaign spending, reimpliment the glass steagal act, burn the derivitives, option rate securities, and credit default swaps, get out of these wars, and stimulate our OWN economy.
This Wes Clark guy is boring and he doesn't bring up any interesting points. Get rid of him. If you want a guy to play the Devil's advocate, find a devil, not a pussy.
what can you say, north america has just had it too good for too long, and is being eaten up and sold out from the inside out. how can you compete with developing countries that work 2wice as hard for half as much? china will own the US dollar if we don't smarten up.
they're already buying up the world supply of gold same as india, in preparation for a tanking dollar.
we've replaced pioneer frugality and commen sense with materialistic vim and a false sense of entitlement.
What did anyone expect? Of course they were going to replace with someone similar that's usually how it works. As my uncle says, you mostly likely end up leaving the one you can watch there because if you replace them you might get someone worse. In the case of Bush and Kerry. It's messed analogy but I understood what he meant. People will have to stay on this one if it happens and keep pushing for change. As they will not accept this fiasco.
I'm glad that you recognize that. I know that on both sides, there are people who are brainwashed into thinking their preferred administration can do no wrong, but that's not everyone. It's my impression (maybe because I'm always on the defensive) that there's more people like this on the right.
I voted for Obama, but I'm an independent. It pisses me off when people say I voted for him because he's black, or because I'm brainless. He was just better than McCain! lol
And to further the point, campaign finance reform will never pass even though it is the only way to fix the buyouts. The only people with the power to pass it are the very ones that will lose are the ones that have to pass it. And every lobbying group in DC will be against it. It wont happen. EVER
@falconfira Something else that will help - voters need to get rid of this notion of political party. They should instead focus on what their elected representatives actually do while in office, and make a thoughtful decision as to whether they're any better off for it.
maybe you should wonder why jp morgan is so stable, what a coincidence that they havent been affected by the crisis so they could buy up all the little institutions, and that in all the bubbles so far..
I look at it this way. Obama pulled a fast one on us. He tried to make us think that he was a different kind of guy, but in the end he is just another bought off politician.
I don't understand how the Obama administration can be getting so much money from Wall Street. Aren't there regulations in place that prevent him from taking money from these corporations? And in the campaigns, I'm pretty sure there's a law that says no one can contribute more than $2600 or so. So wtf is going on? Do they have some way to funnel more money into the campaigns by dividing it up, or doing it under the table? Or do they just write Obama a check?
Why are these guys playing stupid? Is it fashionable among news casters to be naive? These dopes should just come out and say it already: Obama's a stooge. It's no secret.
The banks hold the US economy balls because foreign markets can't rely on insurance backed equities.
Trade determines GDP, imports and exports have to be insured, but you have to have the capital to back it up! Foreign markets simply don't trust American banks.
Answer: BUY THE BANKS!, sell the toxic assets ,reaffirm capital then sell the banks back to the public.
Yeah, Jamie Dimon knows the ins and outs, but that might just be the problem. Heavily connected, worked under Sanford Weill with American express then Shearson/Lehman etc., etc. connected to plenty of Wll Street " bag men " !
LOL. The real reason is that JP Morgan is now the leading and the most powerful bank, so their man needs to be in. As simple as that. No-one can do anything about it, not even Obama.
The bottom line for me is this: Geithner worked for the IMF abroad for 4 years and paid NO social security taxes nor medicare taxes. He claimed this was a mistake when caught. I have worked abroad for same institution. I HATE even thinking of taxes and never read up on the code. But I can say with 100% absolute certainty that EVERY SINGLE person working at the IMF knows AND IT TOLD OVER & OVER about the social security payment obligation. EVERYONE knows. Some try to cheat. He CHEATED
Obama has proven to be just as relevant as Bush. The curtain has been drawn back in recent years and the all powerful OZ isn't real. The leader of the free world isn't really in control. He's just an animated puppet controlled by a small group of men. Our democracy is an illusion but most will never notice. Keep shopping America. Keep stuffing your face. Keep watching sportscenter. Keep watching Twilight. Ignore the men behind the curtain.
i'm seriously reconsidering moving to great britain so i can get the stuff that i want like the public option,bank regulation, a place where there are no teabaggers, and football.
Tim Geitner is TRULY Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is a SUPERIOR politician and statesman than Geitner could ever be. She is also MORE MAN than he is and has SUPERIOR understanding of the economy and monetary matters than Geitner could ever be for Geitner wears the skirt in his family while his wife wears the pants! President Palin will pick a SUPERIOR secretary who will be a conservative WHITE WOMAN for white women are the SUPREME and SUPERIOR beings on this planet!
How about you get rid of the system instead of begging for "the right" regulators who just take money for themselves? Ever thought of that? No, the answer is always: more government.
Replace? Who's talking about replacing? Regulations come about on a free market, people put their money where its safest the same way you don't give your money to some Nigerian prince. All the current system is is a gatekeeping monopoly.
You're talking about replacing the current system with the "free" market. The utopian free market promulgated by Ron Paul and others is comically naive in its reliance on perfect market assumptions. In reality, people suffer information asymmetry when balancing risk and return. Therefore, an unregulated market would be plagued by insider trading on a greater scale than Goldman Sachs. The market would not function; it would be similar to betting on a fixed horse race when most don't know the tip
lol I chuckled internerally (actually upchuckled) when I read "unregulated market" in your comment. this market is regulated all right, right into the bankers pockets.. lol
time for some house cleaning..personally I think Jess the Body is a good choice, because when they try to assassinate him for cleaning up that sess pool in the whitehouse, he'd have some of is old seal buddies watching his back.
America needs Jesse Ventura more then ever, but honestly I don't blame him for wanting to be out of politics. It was good to see him at his old job for a night commentating pro wrestling, I can just imagine the glorious State Of The Union addresses.
yeah people don't understand that he and others like him are such an important role in america. not as functioning politicians even, but as SYMBOLS. they show there's another option, and meanwhile everyones caught up in the 2 party dictatorship, they are just blind. left/right dems/reps liberal/conservative it's mostly all BS. just like what George Carlin said, you only get to choose what flavour of ice cream you want in america. I think Ventura was told, and promptly moved to Mexico.
There is no "perfect" market, that is what you're trying to create by regulating it to death. You are looking for utopia, you really think the economy can be planned "if we just get the right guy". There are no prophets, and you can't predict or control human interaction. If you didn't learn that in the past 100 years, you will learn it now, regardless of how many times some central planning schmuck on TYT tells you that being free is "bad", "dangerous", and "utopian".
In a "perfect" financial market, rational investors are equally able to access prices and information and deregulation would be good per se. However, this is not reality. Regulation isn't an attempt to fabricate perfect markets, but an acknowledgement of capitalism's intrinsic flaws. Your misconstruing of TYT, my statements, and the fundamental concepts of finance in them, betray your understanding of, and qualifications to continue discourse on, financial markets.
Jeezus, I've watched several of today's clips now and I can't figure out what the fuck that dude on Cenk's left is doing there. He doesn't seem to have a clue as what he's talking about and just chirps in once in awhile with either something utterly banal or useless. Makes no sense. They must be drinking buddies and Cenk thinks he's smart when they're drunk.
JP Morgan bank is one of the founding banks of the FED and the whole corrupt banking system.. he has been schooled in the schemes and tricks to get away with fraud
Can't believe you're buying this BS. I don't believe for a single second that Dimon's being seriously considered. This idiotic rumor started in Murdoc's NY Post for God's sake! No way is Obama tone deaf enough to consider going from bad to worse. This is either a Murdoch-originated smear to suggest he is--or a false leak by the WH to make Geithner look better by comparison.
I'm simply against the idea because it's JP Morgan we're talking about. They're as bad as Goldman Sachs, I believe moreso, when it comes to government collusion, inside deals etc. etc. We need less centralized influence from big bankers, not just as much or more.
I'd say one of those bastards that stole 500 million or whatever, who admits it and now wants to help consumers, if he shows up-front what he wants, and it sounds right, I'd much rather have him than Geithner.
The whole purpose of the system is to keep people in their place. Income tax keeps working people from saving, as does 0% interest rates. Oppressive regulation impacts mostly small businesses to keep them from threatening large corporations. It's all set up to keep the elite in power and prevent anyone from threatening them.
Tim Geithner is a sleazy kickback person for his boss Jamie Diamond of JP Morgan Chase and Lloyd Blankfein the weasel from Goldman Sachs.
Now they'll pay him off.
Incredible everything Cenk UYGUR says I agree with. He's usually such a Obama mama.
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malisha70 10 months ago
If Obama appoints another Wall Street CEO to head the Treasury, he just confirms everybody's belief that he is a creature of Wall Street. HE WILL SUFFER IN THE POLLS - Wall Street is not popular. GUILT by association. We'll have to rename him One-term Obama.
DojoNDude 2 years ago
@DojoNDude You know that a republican president isn't going to be any different. So who are you going to vote for instead? We don't won't have any good choices.
Macabre215 1 year ago
Earth to co-host: there are TONS of people out there who understand banking and finance well enough to be Treas. Sec. Hell, Jamie Dimon doesn't even know how to value the shit on his own balance sheet (that's what the physics guys are for).
In any case, there are plenty of former bankers and finance guys who are smarter and better qualified than Obama's friend "Jamie". Chris Whalen of IRA, William Black, Josh Rosner of Graham Fisher. "Don't believe the hype!"
carthfhuil 2 years ago
Hope and Change my Ass!!
MadBadVoodo 2 years ago
do they film this live?
noodles41 2 years ago
Hey Obama, let Paul Krugman and Dean Baker call the shots already!
dizzymasekela 2 years ago 2
@dizzymasekela Or at least get Summers
bluesboy25000 2 years ago
@dizzymasekela
you fucking dumb shit, krugman already is calling the shots, and he is proving he doesnt know a thing about economics.
OntologicalQuandary 2 years ago
@OntologicalQuandary What shots is he calling? Geithner has the last word on everything still.....
Macabre215 1 year ago
Fascism isn't at all on the opposite end of the scale of free market capitalism.
I think people get 2 freedom concepts confused. Democracy is NOT equivalent to capitalism. You can have both, or either, or neither.
johnedwards1968 2 years ago 2
This show is 10 times better now that is has that other guy with him on his show. I hope he stays there permanetly. I like it this way because he's funny, experienced, and intelligent.
therepublicanknight 2 years ago
This is majorly Sad, after he raped you blind and robbed you poor, ahahahahah you fucks trust the gov?
Overthrow the gov, what are they going to do? a mass murder like the Boston Tea party.. you scary fucks, those men and woman who died back then were real patriot, not you fucks, you fucks are a poor excuse for an American.
ViLLiSTa 2 years ago
please give this problem to paul krugman! hes won a nobel prize in economics, i would say hes got plenty of credibility!
zknix20 2 years ago
how about paul krugman? lololol he thinks!
curlyfry1106 2 years ago 2
Cenk, I wish you'd let Wes speak more. He's intelligent too and funny also and we like his opinions too. Thank you.
pipersall 2 years ago
Speaking of the tax code, did you hear that the Obama Administration rewrote the code so that our tax returns in 2010 will have to list any firearms we own? Nice Eh...
SteveSeabee 2 years ago
LOL! You conservatives will make up anything to feed your paranoia! It must be horrible. You have to openly make up lies to prove that you're right??? Don't you see that that makes you wrong?
johnedwards1968 2 years ago
Blair Holt Bill
SteveSeabee 2 years ago
change would be Ron Paul as sec of the Tresury.
Jamie Diamond is just a new bankster puppet in the job who will do the same bs Geitner did.
unameitltd 2 years ago 3
ppl need 2 understand dat da world does not run because of americans only, america itself does not move if money is not involved in the equation, dats every1 even volunteers, dats bull if u think theres anything free in america, but america cannot survive w/out imports and exports how is america suppose 2 dat w/out foreign relations, america needs to get out of iraq and afghanistan when countries like da UK r only sending 500 troops and we have 100,000's, should tell u sumthing
da1932king 2 years ago
quit talkin like a fuckin fag. does stating the obvious about money and imports make you feel smart or something?
corrosivetrip 2 years ago
yo dute, wen u askin sum1 sumthing, u dont have 2 be a homo bout it, ok mind ur gay manners
da1932king 2 years ago
Democracy is dead, only a bloody civil war can bring it back.
needparalegal 2 years ago
Cenk, I really think you still have this knight in shinning armour image of Obama, but every day we see how well Obama can sell but not act. I totally agree that he is in the bubble with everyone but the American people. I have no faith in Obama anymore. You have reported on one thing about his administration, within the last 11 months, that proves he's not just a really good seller! It's really sad!
Redrew25 2 years ago
o i see, sorry i misread you, your absolutely right. However, fascism and free market capitalism are far from on the opposite ends of "the political spectrum", if there is such a thing, look at pinochet or franco.
AlexBlondie92 2 years ago
thats is not "corporate socialism", whatever that means, it is mixed capitalism. To say that socialism is "up the scale" from fascism is an absolute joke.
AlexBlondie92 2 years ago
are you a guy? i love gay porn... send me some
RollJob88 2 years ago
O was Big Finances top recipient in 08 to the tune of $40 million. Might explain
why 9 months later there has been virtually nothing done to reign in Wall St's excesses.
RomeoMD25 2 years ago
Obama wasn't experienced enough to hold the office of President and he wasn't in Washington long enough to understand the dog eat dog world he was in. that is the reason he is making (or not making) the decisions he has. He HAS to rely on other people for answers and direction, cover and counter moves.
Yes he was the better choice of the two, only because McCain was too old and Palin too dumb. But he isn't going to have a second term, and no..not a republican, still zero
Boomer1949 2 years ago
Obama is the biggest Uncle Tom in history and Ralph Nader had a good point and anyone who throws him under the bus should either kill themselves or become Republican.
Joe402 2 years ago
a respectful answer. however, sorry to be such a debbie downer but i'm just too cynical to believe that any politician, whether they are obama, ron paul, palin, dubya, clinton etc. can stay "honest" once they land in the Oval Office. it's a tough game and you might need to get your hands dirty to get your goals through
fluffynoses 2 years ago
fluffynoses, business as usual has brought us to this place. we need to have politicians with morals and true idealogy like kucinich and paul. they have been marginalized because they dont get their hands dirty. but because they are that type of person their popularity is rising
snappa52 2 years ago
da right economy is a growing economy, an economy w/ new ideas, and educated people to think those ideas out, and not worrying about who did this and who did that, or this guy is this color and that guy is that color, america has to be 1 nation before it can go any further, and there is no way anyone not even the wealthiest in america can do about that, america is america, da land of the free and home to the bravest(California), so suck it up
da1932king 2 years ago
Seriously, why would that surprise anyone. Who do you think they'll hire -- a Ron Paul or a Peter Schiff? Please. The thing that gets me is how audacious they are about it. But when you got a country full of morons, why not?
seanboy80 2 years ago
Geithner, Bernanke and Oblama. The three stooges making a mockery of the most powerful nation on earth.
Zile77 2 years ago
.. it looks like the move to replace Geithner with someone even more in favor of financial deregulation is infludenced by none other than Sarah Palin.
milkgodnl 2 years ago
move to impeach. this fucking obama is a puppet
MrDoose 2 years ago
damn right
CactosS 2 years ago
Here's your tin foil hat. Wear it with pride.
cappastrano 2 years ago
If you want Robert Reich for Treasury, give this comment a thumbs up.
kabeerajameela 2 years ago 2
Comment removed
kabeerajameela 2 years ago
I agree with this whole video, except their alternatives.
Stiglitz? Krugman?
lol your deficit would be ten times as high if those guys were making the decisions.
I know everyone thinks Krugman is so smart because he won a nobel prize, but he is a very very bad economist. He is constantly commiting the most obvious fallacys.
I know he is well meaning, but these guys are uber interventionists. If they were in treasury I would call you guys the USSA. And im a Canadian, lol!
chaseef 2 years ago
Where is Ana? The only reason I ever watch the show is because of Ana.
andyx1205 2 years ago
same, get her on....NOW!
darksettler 2 years ago
Yeah, JP Morgan ain't "all in" on credit default swaps and junk mortgages....THEY CONTROL THE MARKET ON STUDENT LOANS AT EXORBITANT INTERESTS RATES! Bring in this JP Morgan dupe and kiss goodbye to ALL reforms to student loan racketeering.
liamleahy 2 years ago 2
tehant1liberal : Christianity is responsible for more death and murder in the last 2000 years than any other religion, government, or ideology so don't speel that freedom and Christ bullshit. You conservatives use Christ as a way to start your wars and further your own personal conquests.
And the recession was caused by and started under the Bush administration. everyone knows that. This was dropped in Obama's lap you stupid fuck.
petgoes 2 years ago 4
Now the Obama Zombies realize what they have voted for.
There is no free stuff.
Should have voted for Ron Paul.
jobrien2001 2 years ago
dude.........ron paul and peter schiff would be great
johnandamanda123 2 years ago 2
No actually a better choice would've been Kucinich or Nader.
aunicornist 2 years ago 6
actually Geitner was in charge of regulating the banks of wall street while he was incharge of the federal reserve in NY, clearly that piece of trash did not do his job, he is just as awfull as his predecessor
tico8007 2 years ago
Rule #1 for the Obama administration:
If a decision feels like G.W.Bush would have done the same thing..... DON'T DO IT.
This feels like G.W.B. is still in office.
nriqueog 2 years ago
why not get a professor? Why pick a CEO?
djslyfox 2 years ago
Progressive can kiss my ass.
RexNunc 2 years ago
the reason the recession just magically happned as soon as obama took office was because THIS WAS HIS PLAN, he took a page straight out of his idol adolf hitlers playbook by crashng the economy, ruining peoples lives, that way they wont be able to resisit his communist agenda and his plan to become dictator for life. thats the difference between conservatives and liberals, conservatives seek to free people with christ and freedom, liberals seek to enslave with taxes and tyranny
tehant1liberal 2 years ago
So you are comparing Obama to a man who was responsible for the murder of 6 million people?
Conservatives continue to show how moronic they are.
porterwake 2 years ago
you know that the bailout has been signed by Bush... Right ?
Melpheos1er 2 years ago
you are one class A moron, do you think you're smart ? do you realize how stupid you are ? Obama crashed the economy ? Go hide under a rock you stupid son of bitch.
theliberalparis 2 years ago 2
Fuck you and die you ignorant hack.
petgoes 2 years ago
LOL @ whichever dillweed downvoted your comment wnnw98... it was a good one.
DrClaw77 2 years ago
Sure and while were at it, lets put...
Michael Vick as head of the ASPCA
Pablo's nephew Nicolás Escobar to head the ATF
And last but not least, any one of the surviving Gambino's to head the gaming commission.
gmcmudder1 2 years ago
So long as the rich get richer, I like these guys.
HomleandSecurity 2 years ago
America has learned nothing from the latest disastrous recession. We're riding another bubble now. With no restrictions to keep disaster in check, we may be setting ourselves up for a new econonmic disaster. I'm afraid that nothing has "change"d with Obama at all.
marley54fd 2 years ago
I love Wes's reaction to hearing who's replacing Geithner. I did pretty much the same thing.
drauglintuor 2 years ago
Isn't this about like giving the SECDEF post to the CEO of GE (name your own major defense contractor, GE is just huge), after almost being driven out of a foreign war?
Anyone?
Better analogies welcome.
jefevonQ 2 years ago
I love the heroes on here calling everyone idiots without truely knowing if you look down on someone on those simplistic terms, you sir are the true idiot.
martinaoe2 2 years ago
if you you use socialism and facism in the same sentence and you think they mean something simular you are a idiot. wnnw you are a idiot
pjo12 2 years ago
I've said it before and I'll say it again - North Korea.
But I'm sure that's not true socialism, right?
Ignorant fu4ktard.
and if cuba is so great, why are people clammering to get outta there? a guy I know even married a woman twice his age to escape cuba, and then claimed to be insane and got a divorce after he got his citizenship.
bluehorse888 2 years ago
It's probably gonna take the People to revolt in some form or another, in a big way, to change the government. To just keep on trusting most of the people in power clearly is not working. It all boils down to the People and how closely they want to monitor THEIR own government.
mrstrings2006 2 years ago
is it not ironic that Diamonds are a worthless rock that are artificially made expensive by corporate interest and exploitation of 3rd world nations?
yes, secretary diamond will help make the economy genuine and won't artificially inflate it for the benefit of only the rich.
smokydave 2 years ago
I think many people still don't realize, whatever laws you make, whatever standards you introduce, whatever president you elect, the rich will find ways to screw the poor.
It's been that way since the first ape realized it was easier to beat his neighbor over the head with a bone than it was to hunt for his own food.
megamarsvin 2 years ago 10
Exactly. Even in the most ideal situations, corruption leaks through because of how people are. Greed over takes a person after it's in front of them for long enough.
Sagesparten007 2 years ago 2
@megamarsvin And whatever we do people will kill each other, Are you proposing we stop the police from investigating and end all attempts to limit gun violence?
bunkmasterflex 1 year ago
oh yeah you are definitely right about that. business has its hands so far down the govt.'s pockets it's a shame, but this is partly due to the popularity of libertarianism in this country, b/c everyone apparently loves (or just remains indifferent) it when our businesses continually take advantage of us in the name of the "Free market."
btw, i hope you're not one of those ron paul fuckwits who keep talking about bringin america back to the people when he's the biggest fucking libertarian.
fluffynoses 2 years ago
No, everyone listen to the Austrian Economists. Remove all regulations, and have no government intervention whatsoever! That's what we need!
IFloridaMotocrossI 2 years ago
Yeah that's right. Listen to the wolves, sheep don't need shepherds or sheepdogs. Just let them roam free and the wolves will make sure there are enough sheep left at the end of the day. It wouldn't be in their interest to just eat them all would it?
megamarsvin 2 years ago 2
Of course not! Why would the big fish eat the little fish and get all the profits? That just don't make no sense!
As the Austrian Economists say, "There can be no monopolies in an unfettered free market."
Oh Rly!?
IFloridaMotocrossI 2 years ago
Even 30x $2600 is only 78K, so is Obama really selling out 300 million Americans and sending this country down the drain for less than the cost of a Hummer? Seems to me like there must be some other trick they're using, or Obama is really greedy. Even a thousand people each giving him the maximum would only be 2.6 million or so; that's not really that much money. This is such bullshit. I don't care if it's a billion, I wouldn't sell out the whole country for it.
darmokandgalad 2 years ago
do you know why the fed govt. sucks here in america, b/c of its "federal" nature. obviously i'm going to draw a lot of flak from these neo-confederates, libertarian, Ayn Rand pussy eaters, populists etc, but I just think that the presence of so many different state govts really handicaps the capabilities of the federal govt b/c the fed has to cater to every one of those goddamn 50 state govts. yeah that's real efficient.
fluffynoses 2 years ago
OK this new guy is fired. He interrupts the flow, that's a given...
But then, attempting to provide useful information on how many bankers have no clue what they're doing, he throws out an arbitrary percentage he uses for all lines of work. What? Fired.
aaronsande 2 years ago
it's not entirely untrue though. in ANY field THERE IS a percentage of people who DO NOT know jack shit about whatever field they're in. maybe it's not 30% but it's some percentage. personally i think it's closer to 50%. ask ANY enggineer, how many of them will tell you their manager doesn't know dick about the field they're in, or how many co working enggineers dont know dick.
kingbane2 2 years ago
Yes, not entirely untrue...but an arbitrary number is not helpful. He might as well have just said "a good number of them do not".
And I'm an engineer...I know what you mean ;D
aaronsande 2 years ago
yea but a random number sounds more interesting then "a good number of them do" though i agree the intent is identical.
kingbane2 2 years ago
And I agree with THAT, unless you ADMIT the number is random and that you use it every time! ;P
aaronsande 2 years ago
i think he did admit it was totally random. like it was just a number he chose out of his own experience. like when i said the number was closer to 50% that's from my own experience. obviously neither number is accurate. BUT it's funny hahaha.
kingbane2 2 years ago
Out of the frying pan and into the fire...
audadvnc 2 years ago
things will not change until we put people in the office that represent the average american, and not the wealthy internationalist.
abolish the fed, end fractional reserve banking, print our own money, arrest the war criminals, put constraints on campaign spending, reimpliment the glass steagal act, burn the derivitives, option rate securities, and credit default swaps, get out of these wars, and stimulate our OWN economy.
ahck....
bluehorse888 2 years ago
This Wes Clark guy is boring and he doesn't bring up any interesting points. Get rid of him. If you want a guy to play the Devil's advocate, find a devil, not a pussy.
HungryNomadicLion 2 years ago
what can you say, north america has just had it too good for too long, and is being eaten up and sold out from the inside out. how can you compete with developing countries that work 2wice as hard for half as much? china will own the US dollar if we don't smarten up.
they're already buying up the world supply of gold same as india, in preparation for a tanking dollar.
we've replaced pioneer frugality and commen sense with materialistic vim and a false sense of entitlement.
bluehorse888 2 years ago 2
What did anyone expect? Of course they were going to replace with someone similar that's usually how it works. As my uncle says, you mostly likely end up leaving the one you can watch there because if you replace them you might get someone worse. In the case of Bush and Kerry. It's messed analogy but I understood what he meant. People will have to stay on this one if it happens and keep pushing for change. As they will not accept this fiasco.
yuukisama2001 2 years ago
I think the bankers know EXACTLY what they're doing. That's precisely why oversight is necessary - to protect everyone ELSE.
l0gically 2 years ago
CONFLICT OF INTEREST.....anyone?
DNRvideos 2 years ago 3
I'm glad that you recognize that. I know that on both sides, there are people who are brainwashed into thinking their preferred administration can do no wrong, but that's not everyone. It's my impression (maybe because I'm always on the defensive) that there's more people like this on the right.
I voted for Obama, but I'm an independent. It pisses me off when people say I voted for him because he's black, or because I'm brainless. He was just better than McCain! lol
LoryLandskipper 2 years ago 2
And to further the point, campaign finance reform will never pass even though it is the only way to fix the buyouts. The only people with the power to pass it are the very ones that will lose are the ones that have to pass it. And every lobbying group in DC will be against it. It wont happen. EVER
falconfira 2 years ago
@falconfira Something else that will help - voters need to get rid of this notion of political party. They should instead focus on what their elected representatives actually do while in office, and make a thoughtful decision as to whether they're any better off for it.
l0gically 2 years ago
maybe you should wonder why jp morgan is so stable, what a coincidence that they havent been affected by the crisis so they could buy up all the little institutions, and that in all the bubbles so far..
cenks in a bubble himself..
random0815 2 years ago
I look at it this way. Obama pulled a fast one on us. He tried to make us think that he was a different kind of guy, but in the end he is just another bought off politician.
falconfira 2 years ago
I don't understand how the Obama administration can be getting so much money from Wall Street. Aren't there regulations in place that prevent him from taking money from these corporations? And in the campaigns, I'm pretty sure there's a law that says no one can contribute more than $2600 or so. So wtf is going on? Do they have some way to funnel more money into the campaigns by dividing it up, or doing it under the table? Or do they just write Obama a check?
darmokandgalad 2 years ago
Why are these guys playing stupid? Is it fashionable among news casters to be naive? These dopes should just come out and say it already: Obama's a stooge. It's no secret.
ConsuescoCoaegresco 2 years ago
Thats unfuckinbelievable lol
dardonZ 2 years ago
Oh God damn-it Cenk!
The banks hold the US economy balls because foreign markets can't rely on insurance backed equities.
Trade determines GDP, imports and exports have to be insured, but you have to have the capital to back it up! Foreign markets simply don't trust American banks.
Answer: BUY THE BANKS!, sell the toxic assets ,reaffirm capital then sell the banks back to the public.
Pleblian 2 years ago
If you want to break sports records.............take performance enhancing drugs
If you want to be a thug..................become a law enforcement officer (you even get a free taser).
If you want to rob a bank.....................own a bank...........then become United States Secretary of the Treasury!
Is that what we've come to?
"SHOW ME THE MONEYYYYYYY"!
fret2424 2 years ago 3
Obama should hire Peter Schiff.
InMooseWeTrust 2 years ago
Yeah, Jamie Dimon knows the ins and outs, but that might just be the problem. Heavily connected, worked under Sanford Weill with American express then Shearson/Lehman etc., etc. connected to plenty of Wll Street " bag men " !
Wonder if he was friends with Madoff ?
TheFoulline 2 years ago
Could be true about Obama, man that makes me depressed.
Stormwern 2 years ago
Jamie Dimon is a world-class crook and a thief!
Very evil man!
wdgeo 2 years ago
Cenk.
I realize that this is a tough week for you,
finally coming around that
your boy, (not a racial remark), is just like
every other "President" before him. (outside the fact that he is only half white).
It's all about the money,
whether it's George Bush or Barack Obama.
bobbytiger 2 years ago
"Finally"? TYT have talked about Obama's corporatism for months.
zet168 2 years ago 2
LOL. The real reason is that JP Morgan is now the leading and the most powerful bank, so their man needs to be in. As simple as that. No-one can do anything about it, not even Obama.
DieDulciFruere 2 years ago
they better be joking. fuck chase they are the worst.
daderone 2 years ago
HAH xD
Wes needs to be on the show a lot more... he's got my cynicism, the kind that crushes Cenk's optimistic mood... lolz :P
Drey4ltur 2 years ago
indeed good co-host
logoth80 2 years ago
@logoth80 indeed good co-host = you meant omg he is hot
superc 2 years ago 2
lol didnt even think about that... i guess if u say so ;). in that case i prefer AC
logoth80 2 years ago
i think everyone's thinking "omg hawt" except for few repressed guys :P
lmao xD
Drey4ltur 2 years ago
The bottom line for me is this: Geithner worked for the IMF abroad for 4 years and paid NO social security taxes nor medicare taxes. He claimed this was a mistake when caught. I have worked abroad for same institution. I HATE even thinking of taxes and never read up on the code. But I can say with 100% absolute certainty that EVERY SINGLE person working at the IMF knows AND IT TOLD OVER & OVER about the social security payment obligation. EVERYONE knows. Some try to cheat. He CHEATED
forestskog 2 years ago
i think, i dunno much about imf and what is called here, but to top the joke the
current president of germany(not chancelor)
was the president of such a fond and i tend to believe of the imf, in the past.
in his time the argentine crunch happened and other stuff.
Realizalize 2 years ago
Obama Administration PLEASE -- Before you make another significant decision affecting our country, take two days off and read these two books:
Hoodwinked by John Perkins
Why Our Health Matters by Andrew Weil
gardeniabee 2 years ago
I guess i know where to buy stocks...JP Morgan.
In the business, we call this little tactic a "Warren Buffett" or "Wiley Warren" or sometimes "Back Door Buffett".
blugreenblu 2 years ago 2
Comment removed
mdey1970 2 years ago
Paul volcker for secretary of treasury. he might be 80 something, but he can teach larry summers a thing or two.
volt9999 2 years ago
Obama has proven to be just as relevant as Bush. The curtain has been drawn back in recent years and the all powerful OZ isn't real. The leader of the free world isn't really in control. He's just an animated puppet controlled by a small group of men. Our democracy is an illusion but most will never notice. Keep shopping America. Keep stuffing your face. Keep watching sportscenter. Keep watching Twilight. Ignore the men behind the curtain.
doctender77 2 years ago
i'm seriously reconsidering moving to great britain so i can get the stuff that i want like the public option,bank regulation, a place where there are no teabaggers, and football.
volt9999 2 years ago
@volt9999 there is football, the real one , the one where your FOOT IS REALLY USED
Cypha1 2 years ago 3
i like that football, thats what i meant.
volt9999 2 years ago
Tim Geitner is TRULY Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is a SUPERIOR politician and statesman than Geitner could ever be. She is also MORE MAN than he is and has SUPERIOR understanding of the economy and monetary matters than Geitner could ever be for Geitner wears the skirt in his family while his wife wears the pants! President Palin will pick a SUPERIOR secretary who will be a conservative WHITE WOMAN for white women are the SUPREME and SUPERIOR beings on this planet!
ecwaufisxtreme 2 years ago
Who wants to move to France?!
drummerboysareawesom 2 years ago
move to New Zealand
back2themusic 2 years ago
How about you get rid of the system instead of begging for "the right" regulators who just take money for themselves? Ever thought of that? No, the answer is always: more government.
abortabraham 2 years ago
With what system do you propose we replace our financial markets and regulatory structure?
manonthemount 2 years ago
Replace? Who's talking about replacing? Regulations come about on a free market, people put their money where its safest the same way you don't give your money to some Nigerian prince. All the current system is is a gatekeeping monopoly.
abortabraham 2 years ago
You're talking about replacing the current system with the "free" market. The utopian free market promulgated by Ron Paul and others is comically naive in its reliance on perfect market assumptions. In reality, people suffer information asymmetry when balancing risk and return. Therefore, an unregulated market would be plagued by insider trading on a greater scale than Goldman Sachs. The market would not function; it would be similar to betting on a fixed horse race when most don't know the tip
manonthemount 2 years ago
lol I chuckled internerally (actually upchuckled) when I read "unregulated market" in your comment. this market is regulated all right, right into the bankers pockets.. lol
time for some house cleaning..personally I think Jess the Body is a good choice, because when they try to assassinate him for cleaning up that sess pool in the whitehouse, he'd have some of is old seal buddies watching his back.
bluehorse888 2 years ago 2
America needs Jesse Ventura more then ever, but honestly I don't blame him for wanting to be out of politics. It was good to see him at his old job for a night commentating pro wrestling, I can just imagine the glorious State Of The Union addresses.
protoroc 2 years ago 2
yeah people don't understand that he and others like him are such an important role in america. not as functioning politicians even, but as SYMBOLS. they show there's another option, and meanwhile everyones caught up in the 2 party dictatorship, they are just blind. left/right dems/reps liberal/conservative it's mostly all BS. just like what George Carlin said, you only get to choose what flavour of ice cream you want in america. I think Ventura was told, and promptly moved to Mexico.
bluehorse888 2 years ago
There is no "perfect" market, that is what you're trying to create by regulating it to death. You are looking for utopia, you really think the economy can be planned "if we just get the right guy". There are no prophets, and you can't predict or control human interaction. If you didn't learn that in the past 100 years, you will learn it now, regardless of how many times some central planning schmuck on TYT tells you that being free is "bad", "dangerous", and "utopian".
abortabraham 2 years ago
In a "perfect" financial market, rational investors are equally able to access prices and information and deregulation would be good per se. However, this is not reality. Regulation isn't an attempt to fabricate perfect markets, but an acknowledgement of capitalism's intrinsic flaws. Your misconstruing of TYT, my statements, and the fundamental concepts of finance in them, betray your understanding of, and qualifications to continue discourse on, financial markets.
manonthemount 2 years ago
So the government is able to access prices, information, and the thoughts of rational investors? When did this happen?
abortabraham 2 years ago
Jeezus, I've watched several of today's clips now and I can't figure out what the fuck that dude on Cenk's left is doing there. He doesn't seem to have a clue as what he's talking about and just chirps in once in awhile with either something utterly banal or useless. Makes no sense. They must be drinking buddies and Cenk thinks he's smart when they're drunk.
billyshake 2 years ago
that's what I am wondering too.
that guy has to go!
back2themusic 2 years ago
what about paul krugman?
wongdor 2 years ago 3
JP Morgan bank is one of the founding banks of the FED and the whole corrupt banking system.. he has been schooled in the schemes and tricks to get away with fraud
xadam2dudex 2 years ago 3
Get Suze Orman! Problem solved!
stophthecomputerwiz 2 years ago
How about Bill Gates for Treasury Secretary?
And Howard Dean for heading Healthcare reform???
Krumbz2003 2 years ago
BYAAAH
TTEchidna 2 years ago
They're probably blackmailing him. Give us who we want to run the treasury or else we'll sink everything you try to push through Congress.
Silvertrine 2 years ago
How can you watch the Obama Deception and it not all make sense what is happenening here!?!?
tommyenglish1 2 years ago
Patsy.
ThePresidentialTouch 2 years ago
Wes Clark is the man
ncp9one 2 years ago
OHhhhhhhh I laughed so hard my sides hurt. lol
Classic. The fall of an empire the corruption will become blatant.
PsyogiBottoms 2 years ago
will become ?? it has been for years it's just that most of the people are too stupid to see it in front of their faces
xadam2dudex 2 years ago
Sara Palin for treasurer!!
xandras1111 2 years ago
They won't choose Dimon because of the massive conflict of interest. Isn't there some old seasoned bureaucrat they can choose?
And how do we even know that Geithner's leaving? Its still to early to judge the stimulus and its un-Obamalike to judge too quickly.
rsrs17 2 years ago
Obama is the president of United States
Obama is also a chairman of United Nations...
Something isnt right here...
Rilltin 2 years ago
Can't believe you're buying this BS. I don't believe for a single second that Dimon's being seriously considered. This idiotic rumor started in Murdoc's NY Post for God's sake! No way is Obama tone deaf enough to consider going from bad to worse. This is either a Murdoch-originated smear to suggest he is--or a false leak by the WH to make Geithner look better by comparison.
GrownupPhan 2 years ago 4
I think it's funny that people give a shit about the "stock market."
TheDuckofLaw 2 years ago
I agree... its all about the futures market and the currency market where you make the big money
xandras1111 2 years ago
Obama: Offering change to Americans and billions to corporations. Yes we can!
therealcharismatron 2 years ago
No ... he could not be worse
codewarrior05 2 years ago
I'm simply against the idea because it's JP Morgan we're talking about. They're as bad as Goldman Sachs, I believe moreso, when it comes to government collusion, inside deals etc. etc. We need less centralized influence from big bankers, not just as much or more.
UnhealthySalad 2 years ago
I think Sheila Bair from FDIC would be a good choice.
bunga40 2 years ago 2
Change change change and hope for bankers.
anarchyfortheusa 2 years ago
I know it sounds crazy but I would replace Geithner with Eliot Spitzer.
racerzer0 2 years ago 2
that sounds like the opposite of crazy.
underweightHater 2 years ago
Fire Tim Geithner, hire Paul Krugman!
I'd say one of those bastards that stole 500 million or whatever, who admits it and now wants to help consumers, if he shows up-front what he wants, and it sounds right, I'd much rather have him than Geithner.
Myschly 2 years ago 3
Paul Krugman is a CFR tool.
anarchyfortheusa 2 years ago
3:50, who other than the bankers, how about shrewd accountants and anti-trust regulators.
vektork 2 years ago
The whole purpose of the system is to keep people in their place. Income tax keeps working people from saving, as does 0% interest rates. Oppressive regulation impacts mostly small businesses to keep them from threatening large corporations. It's all set up to keep the elite in power and prevent anyone from threatening them.
anarchyfortheusa 2 years ago