How Much Money Did AIG Lose Per Hour? It's Amazing.

[bluehorse888]

lol Cenk says they don't know what they're doing? Lololol

Give them credit where credit is due..they know exactly what their doing.

[Minkki82]

I bet Kramer would never have lost this much

[u2hubbard]

Where did that money go? Money never get's lost it just goes from one hand to another.

[BrightWave]

Quite frankly, I don't like Geitner.

[ringmasteroflov]

did you watch this video? The Obama Deception HQ Full length version

[moonmasterShake]

open your eyes America!

get the new book by Daniel Estulin - The Builderberg Group

[judoyodan]

If Americans weren't so fucking ignorant, we would be in revolt over the AIG subsidy.

[milkgodnl]

Bankers are expendible .. fire'em all ..

[MusicProductionTV]

lmaoo wish they gave me 10 seconds i can retire lmaoooo

[queenmoon555]

Our hero McCain will fix all this in 2012.

We just have to be patient

[slipknotshukla]

lmao..that is if he survives till 2012

[jaim12005]

okies you wait for it....lol

[jarmtx]

roflmao

[thermalfreek]

GM CEO wasn´t fired, he step down from his position to an undisclosed position earning 1 dollar a year.

[Cyberkissed]

thermalfreek: that undisclosed position must be a government job written into the bailout package that states that upon work completion at a $1/yr, a bonus will be paid ... but it will then be exclusively taxed at 90% as signed specifically by Congress soon after the airing of the reality drama (congressional hearings) made for CSPAN, media circus & Hulu masses. ha ha

[Cyberkissed]

So how much money did Fannie & Freddie lose? And why are their exec collecting bonuses? AIG is a private corp --not really accountable to the general public. But since they got a tax payers bailout I guess their finances is now our business. But Fan & Fred are gov't programs to help taxpayers! Where's their financial accountability? Can a YoUng TURK tell us all how much money did Fan/Fred lose... say in 2006? and 2007? and 2009? Inquiring tax payers supporting gov't agencies want to know...

[slipknotshukla]

AIG isnt accountable to the public?are u kidding me...if the take the taxpayers money to bail them out hell yea they should report to the public

[Cyberkissed]

slipknotshukla: REALLY? Well since you feel so strongly about PRIVATE corp taking taxpayers money (AGAINST Taxpayers' will) & public accountability? WHY NOT demand accountability from CONGRESS, FANNIE MAE & FREDDIE MAC? How much have they wasted compared to & incl. AIG & big 3 Automakers? Those same elected officials that handed taxpayers money to private corp against majority vote -- OH RIGHT. WE DIDN'T VOTE ON THE BAILOUTS-- but CONGRESS DID!!! SO WHO HOLDS THEM ACCOUNTABLE?! Young Turks?!!

[grosquipue]

I think you ask the right question: why protect the bankers at all cost? And the question itself implies that there MUST be an answer...

[charr05]

check out "economyincrisis" on youtube for more on AIG and everything else going wrong in this country

[PaperComedy]

THIS IS CRAZY!!!

[kidlex]

Everybody is missing the fact the "BERNIE MADOFF" stole that amount of money himself. "50 - 60million" He could have bailed out GM and Chrysler himself and had money left over to give AIG some money as well.....

[mb52787]

Exactly!!!

[rodman332]

OBAMA=NWO PUPPET

[AngryPirateProd]

Wake up. Obama shot JFK... when he was FOUR!!! Stop being sheep! The truth is out there! Do your research! Government conspiracy! NWO! Illuminati! Nostradamus! Hitler Clones! Big Foot! Robot Stalin! Zombie Apocalypse!!

[rodman332]

Here is Brown announcing "the New World Order is emerging at G20.

watch?v=T-f9jcX9ao4

This isnt a conspiracy theory...its the truth, and Obama is behind it all.

[AngryPirateProd]

I want there to be a new world order. The sooner the planet unites, the sooner we get space marines.

[rodman332]

This isnt the NWO you want. You think there will be no more wars and just peace? Lol far from it. They want a world bank, world currency, world religion, world army, world EVERYTHING. You will be a slave to them! Just look at the Federal Reserve and thats just the central bank of the U.S....imagine of the world.

[AngryPirateProd]

World Ice cream! Only one flavor! Vanilla for all! AAAAAUUUGGGHH!!!

[rodman332]

That actually wont be that bad.

[AngryPirateProd]

When the Strawberry wing of the creamery coalition is marginalized and the representatives from Vanilla interest groups fill the void and force homogenous flavorization on the world, that is when the revolution will start, my friends. Look it up.

[rodman332]

You wont be making those jokes in a few years...maybe months.

[AngryPirateProd]

I intend to sign up for the position of the big talking head that constantly bombards the brainwashed masses with propaganda. Distopian societies can be fun if you get the right job. The only mercy of this NWO bullshit, is that people that buy into it generally don't vote.

[thepurplemann]

It is a conspiracy but it is not theory

[WhiteBull]

This is crazy! They live in another world...a world much different from our world...a world where there is 27 million dollars an hour.

In my every day today, there is only work and never, never, even one million!

[fanaticmoron]

Funny thing is, my mom used to work at AIG, used to.....

[scuwat]

the funny thing is that you can't even phisically burn dollars at a rate of 7000 a second hahahahaha

they might as well have just shut down the company and sat around throwing benjamins into bonfires hahaha

[xXRAWxHEATxX]

Finally people are waking up.

[driverain2]

I'm sick to my bloody guts.......

[Dblock7185]

I've been saying it since I was 16 years old that corporate America runs this contry. My history teacher used to say that I was a dangerous kid.

[jonz23m]

yup there is an answer...hiding fraud...just check out former regulator Micheal Black.

[Gewyne]

Kinda agree - Banks are untouchable, ultimately they control the government - the government does not control them.

[Brandt761]

nah, they are just favored by all the financial head-honchos.

[OBZRV82]

Bankers Run The Government, It is only obvious

Do the research.

[pfsdetroit]

"why protect the bankers at all costs"

"there is no answer"

There is an answer = zionism

[AngryPirateProd]

There is another equally plausible answer: Pie.

[ReaperSin]

AngryPirateProd for President! Lol.

I love pie. ^_^

[therealcharismatron]

Cenk:

Why say there's no answer when Marx, not a perfect political philosopher by any means, spells it out quite plainly.

Banks represent the financial arm of the superstructure that governs the base relations between workers (you and me) and the capitalists (CEO's): base wages for us, surplus for them.

Obama can safely axe a salary-man without upsetting the unnatural, over-arching order of capitalism, but the banks are the organs keeping it alive.

1) CEO's, 2) Wall St. parasites 3)us

[Paetaor]

Because there is one true political party.

The "Wall Street" party.

The Dems and Reps are just different shades of the same servant to this party.

[OBZRV82]

Your right bankers run the government.

[politicalfarce]

Why protect the bankers at all cost?

Because they are the boss.

Much like the Secret Service protects the President at all cost, the President protects the banks at all costs.

Don't like it? Move to.... err..... move to.... actually it's like that in the whole world. Move to Pluto if you dont like it.

[godzillaislarge]

fuckin fucks

thats all i gotta say

[CherokeeApacheIrish]

Catch the PBS with Bill Moyers interviewing William K. Black, former senior bank regulator , on the banking crisis/FRAUD!!!

[helion1b]

Israel is more funded and protected by the USA then the whole NATO alliance countries combined, can someone explain me why is Israel so special, I have no answer.

[christmasdnc]

because usa is 89% christian

[Gripen1974]

89% is to high, you got around 15% atheists, 1,2% jews, 0,6% muslims, around 5% spiritual atheists and alot of other diffrent religions, it makes it impossible for being 89% christians, for the diffrent factions of atheists makes up around 20%, that leave only 80% left and then we got all other religions.

[SharinganShadower]

Actually, its about 54% Christians of all denominations. Muslims made up 0.6% (though they're one of the most hyped), and Atheists + Agnostics made up 15%.

[Lobos222]

Because there is a dilemma to Israels situation.

It was created by Europe, western alliance which included USA, and they took the responsibility to help them.

Now, good or bad, dosent matter, it is partly needed for Israels regional safety for the USA to still support them. They know it, so thats why the pro Israel lobby is so huge in USA.

Israel woudnt have survived to this day if it wasnt for USA supporting them.

[eirefrance]

Because Israel is of greater strategic importance than most NATO countries. Thats the same reason our military funding to Egyot and Saudi Arabia is higher than to Israel. Oh shit, you forgot to acknowledge that one, ideologue-boy.

[superhumansight]

when did they become of greater strategic importance? at what point did we give them the nukes that made them so? er wait, yea- we made sure they were over-powered.

[eirefrance]

They became of greater strategic importance first when we took sides in the Cold War and then when we decided to tie our entire economy to a particular fossil fuel that is common in the Middle East, thereby necessitating some "stability" in the region so that people's personal problems don't interrupt the flow of the almighty dollar. And we didn't give them nukes or make sure they were over-powered until late in the game.

[hamza1947]

the military funding is much higher for israel mate...get your facts right...

[eirefrance]

In 2006, Israel received 2.2 billion in a military aid from the US, the lowest level of the decade. Iraq received 5.4 billion, Afghanistan 1.8 billion and Egypt received 1.3 billion (also Egypt's lowest level this decade). Combined, all Muslim countries far outpace Israel's aid. I was wrong about Saudi Arabia receiving aid, we simply sell them discount weapons. All this Israel controls the US paranoia is just conspiracy theory bullshit. The numbers are plain as day.

[TheTerminator97]

That is direct aid, where do you think bernoff's stolen jew gold is? In israel.

Look at the advisors obama has chosen, i'll give you a hint: they are all jewish.

Obama himself is a jew.

This young turk looks a little jewish himself.

[talhaqasim]

i know why! its because the bankers help aig to make tax frauds.

[thenewvoice8]

wall street people ARE smart

I mean even now with all the facts and figures of just how shite they actually did - Americans are still not out on the streets - no siree, you just bend over and take it harder and deeper right up the cake hole

[jstutz2003]

I don't think anyone is calling them dumb. After all, they managed to fill their own pockets while losing all that money didn't they?

What is too bad is that the Republicans and Libertarians either can't see or don't care that this is why freeing up the markets is NOT A GOOD IDEA for the rest of us.

[PlayT0E]

They lost 27 million an hour.

Question ... who did they loose it to?

Find out who got rich, and you have a clue why these bankers are so well protected now by Tim.

[emalkin71]

Well its not asif most of that money existed, basically they ridicuously over-valued assets so in essence that money never existed.

But still why are people are obviously so incompetent and in some cases unethical being protected. Detroit and US factories need to be supported not these overrated Ivy Leaguers.

[Lobos222]

Google "goodwill stocks wiki".

All of the money was probably not "actual" money, but devaluation of there stock and the buying of "fictional" debt(debt that you know from the start cant be paid. Just something I call it...).Everything still counts as loss at the end of the day.

Dont get me wrong.

They still lost a shit load of money and theres probably someone with more economical knowledge that could explain it a bit better than me.

[47f0]

Thank you Lobos - yes, this was largely "bubble money". Rather than the simplistic term, "lost", you are completely correct - it's probably more fair to call it an asset devaluation.

[flyingtorpedo]

CENk look UP the CRA act, CDO's, Who was backing them, yet more importantly who started the god damn sub prime market???? It's not effing rocket science here.

[kwballzandy]

they work for the bankers. simple

[CFrostyTheSnowman]

Bwahahaha I love how the video ends "there is no answer. And then you look down and see your comment... OH look there is an answer! Snap!

[NewBlueSon]

There is an answer its simple, if the banks go down then everyone envolved with them does down. That includes the fed goverment and fed reserve. So they gotta do what they gotta do to keep em a float. : / wouldnt want ppl finding out what really happened to the money.

[evane1989]

You can blame Republicans for all your problems until you're content. However this doesn't make you correct. Democrats are responsible as well and if you ignore this fact you aren't doing any good.

Hail Obama, our Lord and Savior.

[MankindCartoons]

Cenk, stop acting so surprised and accept some harsh realities about Obama.

[tonmagicwon]

lol, it's hard to tell, you have so many people on here who say the darndest things:-) I mean some people will blame Obama for 911 (ive seen that) give the man a chance,like mccaine could do better

[MankindCartoons]

Obama knew what he was doing when he hired Geitner

[crowdaddy13]

ive heard that too, somehow obama is responsible for 911.......its sad how much the right will believe

[xXHyPerTCXx]

wattt??? people are blaming obama for 911? i dont get it.... haha im dumb... maybe i missed the news but cud u explain what happened there?

[crowdaddy13]

im not talking about the news.......im talking about regular people.....the zombie rightwing in this country

[hypnofan35]

It seems like there should be an answer. It must be some kind of mass business suit delusion or hallucination, not unlike 911. Sometime in the not too distant future these fellows might have to go the ashes and sack clothe route as opposed to the throwing themselves out the window route.

[corsikaa]

Taking the ashes and sack clothe route implies some knowledge of religious history and practice, which is indicative of a sense of moral character.

I question if these executives meet that criteria.

[Ian7570]

Yeah, but they justify their bonuses by Bush's argument..."Things would have been so much worse if we weren't in power"

It's not something you can actually prove, but a large percentage of people will buy it.

[Capng123]

Kinda puts a whole new spin on the phrase "If I could just have a minute of your time..."

If I could just have a minute of AIG's time I'd be set for fucking life...

[ringmasteroflov]

The Obama Deception HQ Full length version

[oldhacks]

I'm thinkin the bankers put more money into Obamas presidential campaign than the GM guy did.

[pulsar00815]

there is an answer to cenk's question. Obamba is a FUCKTARD

[Wiiowner]

lol way to spell ur president's name wrong

[pulsar00815]

he's not my president. he's a filthy socialist pig

[averyj]

Your country voted for him. :)

[ERAUPRCWA]

what's the meaning of socialist to you? 78 days in office and he's already done some good things to move this country forward. What is your plan for getting the country out of this mess were in?

[bgrawhot]

There are legal processes being formulated that will get these incompetent bankers fired.

[SirPurpalHaze]

Barrow money buy shit barrow money buy shit barrow money buy shit barrow money buy shit borrow money buy shit borrow money buy shit borrow money buy shit buy shit buy shit borrow money buy shit

ITS THE ONLY WAY TO SAVE THE ECONOMY

I have a pleasant secret to share with you...........

THE ECONOMY DOESNT EXIST

AHAHAHAHAHAHAH

[zeozionistic]

omg i see the truth now.

[digiring]

I got the strong impression that you leaped through a window after you made that comment.

[Unekwu89]

What?

[Lacosanostra699]

I would Like to work for that wage for one day plz.

[livingeasi]

I was thinking of the same thing buddy. Where did that money go though? Any clue?

[JealousInquiry]

Wow D: That's alot.

[palinisafrgginjoke]

Damn! How about that for EPIC ineptitude!

[garvess]

I'll give you an answer Cenk? These are the real rulers of America. These people are the Royal family of America. The capitalist monarchy. They aren't going anywhere.

[livingeasi]

I completely agree, and everyone in America is trying to get there. You think Cenk would give it up, if he was offered to own Walmart and make hundred billions of dollars a year? No one would.

[yummers215]

what does this have to do with OBAMA?? let me know please

[polysmart]

Geithna puhlease! LOL ;)

[WKaliberr]

AIG

Anal Incompetent Gingers

[tico8007]

and these people get bonuses hu? I'm sick of Obama and his false promises, he is the biggest and worst Charlatan ever, and by the way there is an answer as to why protect those bankers at all costs, the bonuses are a means of buying their silence,

[ERAUPRCWA]

what false promises?

[DoctorDoubleX]

The Obama Contraception

[livingeasi]

This has nothing to do with Obama. Obama has been in office for less than three months.

[Culizar]

Of course Obama is to blame. wasn't he a congressman while things were getting messed up? he did nothing then.. so the mccain so the others... so the guy in the white house, um, what was his name? any way obama is the guilty of blah blah blah....

[livingeasi]

He is at least trying to fix things up, and he sure has much better intent than most of those republicans who only dream of tax cuts for their multi million dollar businesses.

[ERAUPRCWA]

Obama wasn't the one in charge and well Obama was trying to fix things and get prepared for this crisis that were going through. Do your research a little better. we need to stop thinking about the past and who's to blame and try to FIX the issue that's happening now... Sitting around with our fingers up our butts calling people names is not going to fix a fucking thing! grow up, read a book and then have good opposition points to argue until then stay off liberal vids on youtube. GOOD DAY!

[Culizar]

I know and I was just being sarcastic...

[ERAUPRCWA]

lol, it's hard to tell, you have so many people on here who say the darndest things:-) I mean some people will blame Obama for 911 (ive seen that)

[Culizar]

I know and I was just being sarcastic... no one remembers that there were republicans on power both in congress and white house and senate 8 consecutive years exactly when things have gotten screwed up.

[ERAUPRCWA]

oh, I remember during the Clinton admin. they were in charge and during 6 years of the Bush admin. when dems. came in 2006 almost every budget plan or big named bill they tried to pass, Bush along with other Republicans vetoed and were voting against democratic bills. What happened was the Dems get plastered with the notion that they've been in charge for 2-3 years without getting anything done... I wonder why... THAT my friend is what most people don't know, or just don't care to know

[buttphone]

exactly and the Dems after 2006 still didn't have enough to stop a fillabuster so exactly how were they supposed to get things done.

[MopacMurtaza]

Fuck the filibusters, bush just vetoed the shit.

[ringmasteroflov]

The Obama Deception HQ Full length version

[ringmasteroflov]

watch this movie

The Obama Deception

[buttphone]

No!

[buttphone]

the problem is bush was the one who was in office when A.I.G. got there stimulus

[Tainted0Pker]

But at least we'll keep gettin ads from A.I.G with that Irish comedian.

Thats worth a little physical stimulation

[TheCrazeGamer]

DAMN