Added: 3 years ago
From: TheYoungTurks
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  • Bonuses sound like a way to siphon a lot of money out of the company and screw over taxpayers before the company runs into the ground

  • What moron creates the transcript that shows on the video? Is it automated by software? Very far off...

  • @clintz28 It's an early beta program that reads the audio track and transcribes it to text

  • Not one bank in Canada collasped. Not one. This was not necessary in the USA either. It was well planned out. Wall Street is saying far more clearly than Marie Antoinette "let them eat cake" Why does America scream back "tax breaks for the obscenely rich". You fools the rely is "off with their heads".

  • the general public has no knowledge of all that is happening, because our minds are pre-occupied with football, baseball and basketball. it is when we don't pay attention that we get robbed.

  • Are you guys syndicated? LOL!  The corporations wouldn't allow it! Now matter how much revenue you brought them.

  • The fact that Wall Street has ripped of and continues to rip off everyone is not a scam. Wether you like these guys or not this is the absolute truth! ! ! Wall Street is run-a-way capital and capitalism gone bad. Keep up the good work. Stop Wall Street Now!!!

  • This guy is a f'ing sci-op m-f'er!! I hate the young turks! It's a total scam program!! They act like they're a totally independent entity but they're actually owned by a major tv network! Assholes!! Lying scum!

  • Okay, I'm going to break this down so the Young Turds can understand it.

    Those companies didn't STEAL our money, the idiotic government GAVE them our tax dollars. What's the lesson here? Don't friggin give people hand outs!

    This video just proves that the Young Turds have no idea about economics. No clue.

  • @mikebgood They said "steal" in the sense of taking the bailout money as an extended salary instead of using it for what it was given them for.

  • it more like the goverment got or now owns alot of stocks of various big companies.

    That means public instead of private, but that all bullshit.

    However the money was well spent because our economy depends on wallstreet. And if you dont think that true well just look at the facts. If we didn't do anything about the crises our country would enter an economic meltdown.

  • wall street ripped us off?!? that's only half the story. bush and obama and the rest of the crooks in congress are to blame for giving our money to them.

  • @strapt313 Don't forget The Federal Reserve - they printed out of thin air $800M without any help from either White House or Congress

  • A bank run will scare the daylights out of them. Pull out of stocks and sell all bonds.

  • If that happens everyone is fucked.

  • Debt consolidation can be a really useful tool for many people, the key is of course to do a little homework and make sure you're not dealing with a rip off merchant.

    consolidationnetwork . com

    has many useful links for debt consolidation comapnies

  • They got it from our pocket THROUGH THE FEDERAL RESERVE. Your government cheated you too. It's not just the corporate elites and banking elites. You can take your government back from them. There are more of us!

    Some people really need to open their eyes.

  • ur right elite,

    the federal reserve now owns america and controlALL MONEY coz as sum1 said "when the american economy suffers from a flu, every othercountry in the world catches the cold."

    now thats the ripple USA causes&when these bankers that now ownUSA mess up the citizens of every country take a hit. however the bankers always have inside info and get their money out first so they dont get 'hit'. they're gonna get rid off all tangible money&make it digital so it exists on computer ALONE.

  • p.s. making tangible money into money that exists on computer ALONE: NO ONE can hide and pile up their money at home. no pensioners can keep it at home coz its no longer gona be notes and coins. the Bankers rockerfella WANT everyones money on computer as a phantum. u cant touch it but u see ur balance lol. then they can STEAL ALL money for real&ven peples who keep& hide it away from banks. next cums USA decision that only certain businesses that carry the 'sign' can do bussiness and make money.

  • "They can jump off a god damn cliff."

    LOL

  • obama can't control the wall st. financeer crooks because the federal reserve is outside the control of the laws of the US. listen to Alan Greenspan on CSPAN saying how the Federal Reserve answers to no one. the US government has not ONCE audited the federal reserve.

  • greenspan should be remembered as the architect of the current economic crisis - allowing the foxes to run the chicken coop

  • Vote with your wallet. The only way to get back at these wall st crooks is to take your money out of the stock market.

  • I'm VERY surprised the emphasis is on bonuses.

    The Real scenario is that the money is setting up GM, Citibank and the rest in China and other "less risky" countries than the one they just ransacked burglarized and raped black & blue, the u.s..

    Many more companies supposedly in trouble are setting up elsewhere and WE are paying for it.

    Strange this dwelling on bonuses...peanuts compared to the actual scope what is happening.

  • The Federal Reserve...is not owned by the United States of America...it is not Federal at all...it is owned by the Bilderberg Group (business).

    Federal Income tax....is illegal !...study the law.

    The Federal income taxes you pay ...go directly into the Bilderbergs Group business named " The Federal Reserve".

    What part of this ...do you not understand?

    Obama..change you need ? Trillions !

    Yes we can..Yes we can...Yes we can !

  • Obama sold us out to bernake

  • Wall Street didn't rip off anyone. Barack Obama did.

    Do a YouTube search for Drinking with Bob's clip called "The GOVERNMENT stole your money".

  • if america had any balls we would all hang the wall street top managers on wall street and throw tomatoes at them, put it on youtube, and then take all of our money back. if only it was that simple.

  • @tburysux Unfortunately the only balls left in America are at Ball Games!

  • @tburysux Tomatoes? How about hand grenades?

  • The US is divided into 2 classes. The rich and those who the rich exploit to get richer.

  • hearin this makes me sick

  • I love how CNBC is saying not to be so angry. BULLSHIT, anger is all we have left!

  • Anger is a gift.

  • Comment removed

  • world people money, not only American money. How much does America owe to the world?

  • if you steal a thousand dollars you go to jail. if you steal a billion you go to retirement.

  • The top mangers at most wall street firms are ciminally greedy, that goes double for merrill lynch. Where are the criminal charges their greed has brought the world economy to the brink of collapse.

  • bottom line is they sunk their company they should not get SHIT... won gets 50-60 million a year not me i barely survive work 7 days a week..thanks for your video my thoughts exactly.....

  • BHO can not be tough on them beouse he stuffed his pockets full of money DOOD was the highest paid man with the F & F shame HM why do they not get tough ?

  • jews own wall street and christian work 2 job for survive,,

  • "(Iceland)...has on the upside the first ever gay leader of a country"

    I'm sure that makes the people who lost their life savings feel much better. Maybe we should have elected Barney Frank. We'd still be broke but, on the upside, we'd have a gay leader.

  • BTW, I don't think they should have been bailed out at all. If they lost that much money they have no business still being in business. They have no business getting taxpayer money. But you and I have no business telling them how they should have spent their money.

  • He is LYING. The bonuses were given in 2007. The article he refers to got the figures from tax returns filed in 2008 but thos returns are for earkings made in 2007! The proof is in what says later, that the companies had lost $35 billion and he wonders if that includes the $18 billion in bonuses. They lost that money before they received the TARP money, that's why they got it in the first place. I already poated this but instead of replying to me, my post was deleted. Gee, I wonder why???

  • What is your source for your numbers?

  • no, he;s NOT lying. he even said that they took the bonuses last year because they were siphoning off the money from their house of cards before it fell down, and they knew it was gonna fall down, so they grabbed their bonuses early, and they have the gall to take more bonuses this year from the bailout money. These are unscrupulous businessmen that have no honor.

  • NY Times said the bonuses were for 2008

  • someone seriously needs to kill one of those bankers, that'll put the fuckers in line.

  • I'll give the bankers one thing; they're loyal to their own people. And as to the other: the US couldn't enter the war earlier for domestic political reasons, and the British took all the small arms we sent them during the war(many antiques and personal family heirlooms) and instead of sending them back , dumped them into the Atlantic on a ridiculous guns are bad sentiment.

  • The bonuses were paid out in early 2008, before any bailout money was given. The article from which BHO quotes got its figures from tax returns filed last year. But don't let facts get in the way of being angry.

  • Gee, I wonder if TYT wants Congress deciding how much they should earn?

  • Everyone who wants the government to decide what they should get paid, please raise your hands. All of you who want the government to decide if your spending is "shameful", get in line. Fannie Mae and Freddie Mac are government institutions,how good a job did they do recently? How much did they give out in bonuses? How many pliticians did they pay off? The stimulus gives $5.2 billion to ACORN, the group that registered Mickey Mouse all over the country to vote for BHO. You good with that?

  • acorn? you're a buffoon. lookit, barack won fair & square. even if he HAD cheated, it's a far cry from VIOLATING the constitution like bush did. are you good with that?

  • Tell you what..if this continues....well proably destroy wall streeet tearing the lungs outta every single ceo piece by piece and throwing that shit in the hudson.....So they can keep on stealing money..but when somone gets another 911 shit going on..i dont wanna hear shit ....Dont fuck with human beings that are already beat down...things will only get worse

  • Republicans have taken the car for a ride for 8 years and crashed it into the house.

    No more care keys for the Repiblicans.

  • funny, you still think there's a difference between Republicans and Democrats.

    hehe... is political affiliation a religion? How can you look at any one politician and use any of them to represent you as a code of ethics and morals?

  • good job. keep posting and WATCH as we prove that we are indeed Americans.

    WATCH as we defy fear itself for there is nothing to fear but fear itself.

    But yeah dims vs the repugs is like betting on the special olympics.

  • These people think "economic problems" are for "the little people" and don't see even WHY it should effect them personally.

    It all goes back to the the idea of the "Two Americas" that Edwards talked about. (Just because he couldn't control his penis doesn't mean he was WRONG".)

  • I'm hoping that it's possible for someone to press a class action lawsuit against these guys. It's ridiculous that we're paying for their $18 billion dollars in bonuses right out of our pockets. It's straight up theft.

  • Create a tax on bonuses given to execs from companies that got TARPs

  • How about making that tax equal 100%?

  • i love it when cenk says "OF COUURRSEE!!! cracks me up everytime.

  • class action lawsuit?

  • While leaving office Bush got $1 trillion in tax $s committed to fhe financial insts (insuring the Nat'l Debt would go up more under Bush more than all prior Presidents combined.)

    Now they won't even say how the money was spent, but we know top execs still buy fancy planes & get million dollar + bonuses.

    And GOP members lines up to support.

    Now when Barack tries to correct Bush's disasterous policies by getting the middle class involved again, GOP members line up to oppose.

    INSANE!

  • outrageous!!!

  • Lincoln (1st Inheritance tax), Wilson, FDR, & Johnson all increased taxes on the wealthiest for war costs.

    But Bush got MAJOR tax cuts for the top 5% (over 50% of the cuts went to top 1%) & already costs over $1 trillion & if continued under Barack will cost trillions more.

    GOP lined up to support, even thou we had no trickle down (billions went in off-shore acct's, into Dubai RE, etc).

    But now that Barack wants to correct matters w/ middle class help THE GOP OPPOSES 100%.

    INSANE!.

  • As the US financial market is now entering the phase of mass

    bankruptcies, I'm adding a very helpful listing of all those US

    banks, which are very close to bankruptcy.

    I found it on Lee Rockwell's site.

    The listing is composed by Chris along the basis imposed by the

    'Texas Ratio'.

    This is a standard procedure allowing to soundly measure the

    financial risk.

    lewrockwell. com/chris/banks/banks. html

    remove 2 spaces

  • shameful and inappropriate is not as accurate an adjective as criminal.

  • it's not wall street who doesn't get it, its main street. you guys are getting ripped, its all planned, i mean those who still don't believe that this economic meltdown is planned, youre fucking idiots and you almost deserve to get ripped off. When they have all your money, and you have none, they will enslave you for good, and it'll be too late then to fight them. And Obama wont do shit because he cant! he has no real power.

  • Thank you brother, I've lost my voice saying that.

  • unfortunately, when ppl realize it, it'll be too late. they'll feel helpless, which will be the case, and the only thing left for them to do will be riot, stealing food and supplies to survive. the us is turning into the wymar republic and it will because ppl dont believe it can happen to them. 'were americans, were the best country in the world' HAHA! i laugh everytime i hear that now..

  • Of course you can do something. Fucking kill these assholes. Ask yourself if you were a bodyguard, would you protect these theiving assholes?

  • spot on tony.

  • @TonyCliftonBaby if you want to find out where they got the idea; look at the financial crisis that hit NYC in 1973. The situation is eerily similar.

  • Do these Wall Street dudes give a shit about what you think or what you say? Obama needs to wake up...no more bail outs for these shits. Man retro-tax these pricks so the working people get their money back!

  • sheep sheep sheep

    no one's going to do a thing about it,

    so keep counting sheep

    and go back to sleep

  • yeah no shit. Congress had a 9% approval rating yet the sheep voted them all back in after they approved of the criminal bailout. After 95% of the people voted against it. The French unemployment rioters called Americans "wimps". They're right.

  • the french can't EVER call ANYONE a wimp...NEVER EVER

  • yeah they can.. not going to war doesn't mean your a wimp lol wimps are those who attack a ppl who are greatly disadvantaged, like ummm, israel.. the us.. and still cant defeat them completely! the french were smart not to get involved in bush's head-deep shit grave

  • yeah, you're right. but i still thought they were pussies a long time ago. don't forget that the us saved their asses (& britain's) in WWII.

  • yes they can! Americans are the first group of morons who scapegoat minorities to escape their "plights" instead of confronting the issues. Like ever. Reference; the Civil War. It makes Americans looks dumb, but Americans are infact wimps. Remember the Bastille, the French gave us the Statue of Liberty. It's time we learned something.

  • @porshe75

    Here is the flaw in your argument. "but Americans are infact wimps" uhhh... yeah that is not going to work.

    I doubt even our worst adversary would refer to us as "wimps"

    But hey I loves me some intellectual chess game. You start from the position of "Americans are infact wimps" (which is like throwing away your queen to be honest) and WATCH as I feed you back your own words.

  • HulkSmashPunyHumans, who is your worst adversary? I mean, if you love paying corrupt brokers huge bonuses out of your pocket. You must be one of those passive aggressive PC types.

  • @porche75

    "who is you worst adversary?"

    I just don't know anymore.

    It seems like I'm retreading on the past about political knowledge that I was told by even my barely older and wiser friends that both parties are ONE PARTY and we are FOOLS to trust either one.

    BUT they were'nt able to break the fucking pattern were they?

    MAYBE just maybe because they bought into the lie of pacifism. MAYBE just maybe Ayers was a throwback to 1776 but went after the wrong targets.

  • uh, i'm black. i can't & don't scapegoat anyone. i'm also american though. fuck france. sure the french gave us the statue. so fucking what? the civil war? that has nothing to do with the aggregate IQ of a country. as far as wimps go, we saved france & britain in the last world war. point. set. match. thanks for playing

  • sorry but YOU(upabittoolate did not SAVE any one unless you over 76 years old (which i strongly doubt!)

    the british fought on alone by themselfs while your country grew fat robbing the british blind!

    you claim you dont scrapgoat any one but by your posting you have!

    i dont even think you can point to britian or france on a map of the world!

  • yeah.... the us saved the world!!! lol thats stupid. you entered the war at the very last second, when the nazi army was already stretched to its limits. dont get me wrong, you helped, but if anyone 'won' WW2 its the soviets, at great cost though.. but thats if you think like you were taught. u see, ww2 wasn't as clear as black n white, axis & allies.. the nazis were trying to install the 3rd roman empire (reich), and though they failed under the label 'nazi', they're doing a good job as US of A

  • i know TonyCliftonBaby old son.. but then i am British and have a damm good understanding on how and who won ww2

    by 1941 the axis powers where overstretched and where on the slow road to defeat,the Russians where bleed white by the Germans but they where willing (by that read STALIN) to bare the cost in lives to win! sadly most Americans seem to have this strange idea that the war started on the 7th of December 1941 forgetting that it was going on for a few years before they got involved!

  • it appears that you'd depict history in a false way. sad. as far as maps go, i can point just fine. i go to the django reinhardt restival in paris pretty frequently so i don't need to point to france, i've also been to the apple recording studio twice because the love of my life lives in london. you can revise history all you like but it won't change what really happened. america didn't rob england for anything you moron. you can't even defend that argument. stop drinking & typing

  • 'mate', you really need to stop commenting. you're making a fool of yourself. have fun scapegoating

  • @upabittoolate, uh...it flew WAY over your head. I was referring to how the southerners scapegoated the blacks after the Civil War for their troubles. Another episode of scapegoating, the Chinese Exclusion Act. Same disease, different victim. It has nothing to do with you exclusively. btw, Hollywood will never come up with a plot as good as the French Revolution, you should read up on it sometime.

  • no, it flew nowhere. you were just incorrect. the french revolution? again, that has nothing to do with anything. neither does the chinese exclusion act. it looks like you aren't processing what you've read

  • @upabittoolate again, I don't know if you've noticed how many people are waiting with green cards attempting to immigrate legally to the U.S. This I find flattering and France gave us the perfect host. The aggregate IQ of the country is terrible because most people ignore their own rights for some reason and willfully allow corruption against them instead of exercising their dissent. This has nothing to do with WWII. Point, set, match...i win again.

  • greencards? that has nothing to do with this conversation. you lose. peace

  • I screw up badly at work. There going under because of me. Ok, now where's my bonus? LOL, just kidding, but seriously, these fuckers don't deserve anything other than a bullet to the groin

  • They DO get it, Obama won't do anything other than some symbolic gesture.

  • haha yes, it is wall street that doesnt get it. not the idiots who think obama is anything but a corporatist. he is ready to waste tax payer money on bailouts just like the criminal bush did. only difference is, people will praise him for doing it. keep the same skepticism about obama that you had for bush, and one day you may realize there is no difference between the democrats and republicans whom you have allowed to ruin this country.

  • Darn right. Both Obama and Bush stretch out their dirty hand deep in your pocket and dig every last dime away to fuel their own agendas. Ron Paul and Peter Schiff are the real hope.

  • ron paul? lmao. you're realLY hopeLESS if you believe that

  • well the problem with both democrats and republicans is that they both continue to believe firmly on the free market.. although one a bit less than the other. it's like smoking cigs with a filter and the other without the filter.. most of the crap still gets through. hopefully obama's capitalist beliefs are more leftist than he pretends to have.

  • Free market would give out no bailout and let these Wall St arsonists go under instead. They after all set the fire first. So apparently neither Bush nor Obama believes in free market, which is our biggest problem. Despite one from Republican and the other Democrat, both want to socialize losses and let the real culprit, Wall St arsonists, off the hook while the main street folks shoulder this crap. Screw them both!!!

  • what is a free market? money is handed down by the fed to the government and the government distributes it to the money markets where the banks compete for it. p.s. i hope so too

  • those harvard MBA's can kiss my ass, they really dont know anymore about business than you or me.

  • You command a 20 million bonus by bringing in 100m in business - its sales - bonusses have been part of the culture for ages on ages. Pay me my commission - is 15 million at 15% of 100m. When you stop paying tips at the diner, then tell me about the ending of bonus culture - you guys are not clued in to the real reasons they are being paid - its capitalism.

  • yeah, those billionaires need every penny they could get. they were going to loose the family farms.

  • Then if they made enough money to warrant the bonuses they sure they hell didn't need MY money to bail them out.

  • that's the thing though. they DIDNT bring in any money.. they barely were able to balance out their sheets.. well in fact they haven't yet. there's no possible way they turned in ANY profits. at least not their bonuses x 115 to deserve a 15% bonus.

  • That's net - The companies do have people who are bringing in money even today. Other parts of the business are losing money. You still have to pay your successful sales people, even when the whole business is doing poorly... or you'd be in an even bigger hole.

  • nope, thats worse than communist corruption.

  • I don't think the rich guys understand what happens when the country goes bankrupt because they're not spending any of their hundreds of billions of dollars.

    The dollar becomes worthless, and then their hundreds of billions of dollars becomes nothing more than colorful toilet tissue.

    This is why capitalism doesn't work in a society that is controlled by corporate greed.

  • America borrows all their money because they have none. The US is broke and depends on the rest of the world to lend them cash which they will never be able to pay back.

  • It is reasons like this why $250K+ tax increase is a well worth plan. Enjoy the bonuses while it last rich guys.

  • am i only one who realizes that money is worthless now anyway? that any asshole can type 90000000 in a computer and have that much money...

    i cant be the only one that knows that

  • one more thing. The Glass-Steagall Act of 1933, that was made to combat speculation, was repealed in 1999-2000. Giving the markets about 6 years to overheat & speculate before it all came apart. The big loosers of this crisis will again be, we the commoners. There's no sense of fairness in our societies anymore.

  • The speculation started after the collapse of Bretton-Woods in 1971.Milton Friedmans&Chicago schools ideas started to win ground. Regulation was seen as 'bad' and the markets would regulate themself.1972 the Chicago mercantile exchange started, that's the grand daddy of complex derivatives. After this the derivatives became so complex that no layman could understand them. And voila, here we are! We managed to speculate ourself into a mess, again! Nothing new under the sun, I guess... :(

  • did'nt know none of this stuff,thanks for the history lesson.

  • Great video as usual, but hit my pet peeve with the title-- it should read

    "Find Out How Badly..."

    Adverbs need their time in the limelight.

  • it's possible the title was too long, so they cut out the 'ly' to make it fit. But yeah.. bad grammar is bad x3

  • Give them 'bonus' time in the bighouse (prison) they deserve it

  • They could've made every American a millionaire several times over with all this money.

  • How much would it cost to give health care to the 40 million citizens who do not have health care?

  • 18.2 Billion in bonuses (now Obama says 20 B) 8 billion bailout.

    This was a bank robbery from the inside.

    Time to have a Jail out instead of a bail out.

  • I've been saying this about all these "bonuses" from day ONE of this bail-out BS!

    BILLIONS in bonuses is just silly monopoly money... anyone that thinks they need hundreds of millions, is just suffering from a compulsive 'greed' disorder...

    Whatsmore they don't actually 'produce' anything (except 'debt').

  • The same thing is happeneing here in jolly old England. And WHY do more people not care about this? They complain, whine and bitch, but then no one does anything. No protests, no uprising, nothing. George Carlin was right, we've been bought off by these crooks, and now we're circling the drain, unwilling to upset our comfortable, middling little system.

  • BONUSES / POPULATION = $60pp

    That is, the CEOs stole $60 from *every person in the US* just with these last bonuses.

  • Don't give Wall Creeps your dough, easy, control it yourself, invest it yourself in a bank deposit, real estate, a business idea, the Wall creeps can't make money without scamming the public or a pension fund.

  • lol @ Wall Creeps

  • Why aren't those guys, and gals, hanging from lamp posts on Wall St? Since they aren't, they will take it as encouragement to do it again. And again. They always get away with it, so why not keep doing it?

  • welcome to america....people are so consumed over race, religion, creed and culture while the merchants are robbing the innocent blindly...its a shame but i dont blame the CEOs...because people need to come together as a unit, love and respect, and tolerate each other and work together to fight these corporations who keep stealing our hard earned tax dollars which is so hard to come by

  • Just call it a tax. If you got a bonus from a company that was bailed out, you have to pay 100% tax on that money.

  • What other job can you Fuck up EVERYTHING and get that much?

  • When your President Bush.

  • The senators aren't stupid at all, they are owned by the banks or whoever contributed a large amount to their campaign, because people vote the candidate with the bigger campaign.

  • At 2:11 - "the first ever gay leader of a country" - ummm - ever? Alexander the Great, for starters. Too far back? OK, how about Edward II or James I. Too English and still too far back? James Buchanan, Jr., President of the United States.

  • openly gay leader? plus alexander the great was bi

  • If the last pre-employment agreement I signed (6 yrs. after starting with the co.), was any indication, there are legal mechanisms each of these guys signed off on which outline a policy of prosecution and restitution for ANY money made while the employee knows of counterproductive, or unethical behavior.

    It's a pity such agreements are used exclusively to intimidate and eject those who "aren't team players", since they are written in such a way that everyone is guilty of something.

  • These corporate dickheads are taking 20 million dollar bonuses while I have been laid off from my job for the past 4 months. I only just now got a new job and now my tax dollars are STILL going to their fucking pockets. In China they would execute these fucks for corporate malfeasance. They're robbing us blind. I hope they do pass the bill that limits their pay to 400k per year. What exactly are they doing to deserve 20 mill a year. We all know its the financial analysts that do their work.

  • assholes..........we will never learn will we?

  • I should get a few million for just having to stomache these corporate assholes. Where's MY bonus?

  • when do they release the names of who got paid my money?

    i hope ppl start marching on wall street.

  • I hope they get indicted for fraud! This is the very definition of fraud.

  • Our government is out of control. The government is giving tax payer money to give private business owners money. The Federal Reserve has "loaned" out gifts of two trillion since September. Bush and co. have admitted to felonies on television. But no... says Obama. Lets just forget about it and move on. Bullshit. There's no moving on from this. Its going to be all downhill if we don't reign in this lawless government...

  • The government is only part of the problem.

    If banks stop lending thousands of private businesses get in trouble, so the government pumps money into the banks to motivate them to start lending again, but the instead of investing into the economy the banks CEO's use the money to fiill their own pockets.

    These managers betrayed the companies they are working for, the country that protects them, and the people and small private businesses who are their customers and pay most of the taxes.

  • And what was Obama doing meanwhile other than shedding crocodile's tears.

    Obama first voted Yes on Paulson's 700B bailout to rob us taxpayers, next he proposed another 819B stimulus to rob us again, then he went on TV condemning Wall St's 18B robbery which would not have happened had it not been a bailout. It's like Bush condemning sexual abuse in Iraq's prison that would not have happened had there not been an invasion.

    Ready for the truth? 1 - 2 - 3, GO: Obama = Text-book hypocrite.

  • Now by your reasoning, bush is no good, obama is no good, since both arent any good, hillary is no good, mccain is no good, that will mean that most politicians in the senate are just con men and women....if thats the case the people are fucked from the getgo....and if we are already fucked then why complain, be slaves to the system and fatten their pockets

  • We all know that money brings power, and politicians love power and abuse it, right? They pile in front of you all the beautiful promises not to abuse, then they go doing exactly it. So the best solution is to take money away from these politicians, that way they have nothing to screw around. Once you have that in your mind, you start to go with the politicians that actually advocate and have been doing it. There are not many such kinda politicians left but there is one: Ron Paul.

  • They shouldn't be receiving large amounts of bonus money even if they were doing a good job. It's fucking ridiculous.

  • MAKE them return the fucking money, or go to jail!!!! PERIOD!

  • Will government finally smarten up and stop giving Wall St. any more TARP, bailout and whatever the heck they call it?

  • Why doesn't the government just hire one of these bank CEOs and put then in their cabinet so they can make these agreements with banks reasonable?

    Surely they would be able to put a bailout together that prevented 10s of billions going out to these other executives.

  • great video 5/5

  • Yeah, the culture is crazy. Cenk is so right. I dated a woman who took a gig as a broker. I was really interested...right up until she gave me the speech about how working at the firm was all about helping people. If you took her speech and substituted AmeriCorps or the Salvation Army, it would have made sense. I went from very interested to "Where'd I park my car...get me out of here!!" in a second. Total disconnect with reality.

  • you gave these tosspots and fools vast amounts of cash when they fucked up your countries economy and then act suprised when they give themselfs fat bonus's? and here is the best bit,you gave them the money with NO STRINGS ATTACHED!

  • stop giving bail out money to banks give it all to me I'll take good care of it!

  • Ok America...its not to NATIONALIZE THE BANKS! Until you do this, the parasitic nature of the financial industry will eat your entire economy...thats what parasites do.

  • I also would like to see TYT engage in this debate.

    What is wrong with nationalizing the banks? And why does even wanting to talk about it make one a "conspiracy nut"?

    How the fuck can we be crazy for thinking that it is not a wise judgement to turn over the production of the medium of exchange into the hands of private business?

    Cmon TYT you know Ron Paul had some REAL shit to say. I know one chess move at a time BUT damn make a move.

  • Ron Paul is the last guy I'd want to determine how to nationalize the banks! He believes in a even purer market fundamentalism than the banks (assuming they actually believed in the free market). Ron Paul is a libertarian, he would never nationalize ANYTHING...The reason they are seen as a "nut" (only in the US) is because its a society that is INCAPABLE of knowing alternatives...pathetic!

  • Sorry but on that point you are wrong.

    Ron Paul (in my understanding) would definitely nationalize banks. Ron Paul would restore the gold standard (which to me is a debatable point ((gold being just a shiny metal)).

    However your casting Paul as a libertarian and therefore incapable of crafting policy to reflect reality is duly noted (although not accepted).

    Maaaaybe he would leave us all to wind of disasterous fortune but then why is he mocked by MSM?

  • No self-respecting libertarian would nationalize (socialize) anything, they believe that only the market and private ownership can solve society's problems. Nationalizing the banks would be a huge step towards socialism in their eyes. What Paul would advocate is to dismantle these banks so they can no long monopolize the market and therefore create the competitive "self-regulated" economy. I don't buy any of it, but that is what Paul believes. The gold standard, thats a totally different story.

  • Interesting.

    I suspect you are right.

    My problem with libertarianism is that exists in defiance of history.

    There are DAMN good reasons we instituted regulations on corporations. DAMN good reasons Teddy Roosevelt slapped a graduated income tax on the rich boys.

    For fucksake half our history in the 20th century was a war between the unions and the rich elite.

    And guess what? The argument that unions are irrelevant in a global market is countered by the creation of the internet.

  • yeah but going back to the gold standard would make sure that our money has actual value.. theres only a certain amount of gold in the world, and everyone wants it, so. paper, on the other hand is worthless really.. i mean the us dollar today is only worth a fraction of what it was worth before we went off the gold standard. paper money is only worth something because ppl THINK its worth something.. its like an illusion the bankers are pulling, cuz in the end theyre the ones who wanted more $

  • and so what is gold worth? Because it has ultimate value based on how we worshipped it in the past and it's value has to be reinforced into the minds of our or childern no matter what?

    FUCK. THAT. SHIT.

    This Celt broke free and aint going back.

  • The Bail Out does not help Main Street; it is welfare for Wall Street!

    Small businesses cant get loans; kids cant get loans to go to college; home owners cant get loans; but the elite of Wall Street get to keep their billions of dollars in Christmas bonuses last year!

    And these banks are using the money to give more bonuses to their executives; buying more banks; and, extending gratuitous benefits & pedicures to the corporate aristocracy

    Bankruptcy court would mean returning their bonuses

  • "Biggest losers in America..." No truer words were ever spoken.

  • Budge, I strongly disagree! That would be a waste of ammo, and someone innocent might be hit by a ricochet.

    No, clearly they should all be hanged :)

  • THe WALL STREET GUYS ARE SO DAM GREEDY, that they toppled all of WALLSTREET, and took MAINSTREET, the little people, like us to the toilet. That is what started this recession. GREEDY MONEY GRUBBERS LIKE THEM!!

    Cheers!

  • I live and work in NYC.......and I see those assholes everyday.......i work near the Plaza hotel and I often travel through the financial district on my way home.........and I get physically sick seeing those dicks smiling and laughing as they sip their coffee while fleecing the American people.