McCain Caused the Financial Meltdown

[Salvysahagun]

So it has nothing to do with "liberal" Bill Clinton subsidizes of the housing market?

[lukegreen37]

@Salvysahagun Clinton started it, McCain didn't stop it.

[YouGotJEWD]

I love when political shills talk finance... I find it hilarious

[diamondogkush]

young turks sucks no lie

[cmp4310]

this guy is horrible...couldnt even finish the video..

[LokiScoutSniper]

Fuck regulation or deregulation how about not giving out loans in high risk.

[cdub1776]

McCain realized that the regulation that is needed, is needed in order to control Democrats......like the ones who benefited from fannie and mac. Obama being one of the largest benefactors.

When you sue banks for not handing out subprime loans, you build a house of cards that will crumble later. Affordable housing is a great idea, but don't collapse the entire housing market for it.

[spankeydmonkey1]

Where's Phil Graham? He's in hiding! Come out come out where ever you are! Come on out and own this mess turtle man.

[nobama411]

whatta u some kind of nut? You suck

[no2abomination]

Azz-

problem reading? "accountability"

So - you are unable to defend against my statements. When you follow the money it comes to and end.

Yes, I believe you are a student. As such, perhap you can use some independent thinking and research your candidate. Not his words - try his actions - try his affiliations - try his social policies. It's time to look beyond the words and to the man. You may not like what you find.

[no2abomination]

Talk about naive. The problem begins with the social fiscal engineering of the Dems - Blarney Frank and friends set up this house of cards up and refuse to accept accountability. YOU have to be mental - the people who started this and benefitted most ie. Frank - Dodd - Raines - Obama, to continue blaming deregulation. Deregulation? How about bad social engineering? How about fraud? You just gotta love Obama's sense of honor - his character - his integrity. Wow, that's someone to vote for.

[Azzenstudent]

"refuse to accept responsibility"?

Hmmmm.

Have you ever known a Republican to take responsibility for ANYTHING? They lie compulsively because they're sociopaths.

[cdub1776]

just like a democrat.....turn the finger the other way without accepting responsibility and finding an answer.....it's easier to argue than to solve. The Democratic Party is the association of laziness. Get off of your lazy asses and do something.

[Azzenstudent]

Democrats fix the shitpiles Republicans create. We did it after Herbert Hoover and we'll do it after George Bush. All your unregulated capitalism - your Repubican religion - is toxic nonsense. Markets have to be regulated. Over and over and over subliterate right-wingers forget that. It's because they value greed over empiricism. Your comment is yet another sorry illustration of that tendency.

[bandanamaniac]

@Azzenstudent ...hows that thought process workin out for ya now?? two years later and the dems have just added to the shit pile!!!! regulated...yes. over-regulated...NO! over-regulation makes companies leave the country and take jobs with them.

[Azzenstudent]

@bandanamaniac oh, goody. The deficit matters again! At least in a You Tube comment thread. That is, until Fox tells its birdbrains that tax cuts for the rich are the most important issue facing the nation. Let me know when you finally decide yourself.

[bandanamaniac]

@Azzenstudent ...cuz ALL OF THE MEDIA IS THE ENEMY OF TRUTH!!! i haven't watched t.v. news in over 4 years! so i dont have a clue whats going on on Flox news. and to be honest with you....if you watch corporate news...that would make you a "bird brain" as well....no? As far as the deficit goes we as a nation have gone to far to come back. we live in a corporation that has a flat-line coming soon. **BEEEEEEEEEEEEEEEEEEEEEP**

[OgeronimonominoregO]

Moronic commentary for a moronic dumbed-down public. BOTH parties are responsible, but the fundamental problem is not their various governing schemes or lack of oversight. Booms and busts occur because the money supply is centrally controlled by a cartel of bankers. They create money out of nothing and loan it out at interest. They pump it out to create a boom. When reality catches up, you get the bust. It's as simply as that. The credit bubble burst regardless of efforts to "regulate" or not.

[spankeydmonkey1]

Is anyone going to prison for robbing the American people blind? Bush had already pulled this shit in Texas and gotten away with it. I guess that was a practice run for this debacle. He is truly a Mental Retard.

[carl137]

What I want to know is when these greedy criminals on Wall Street are going to do the honorable thing and start jumping out of skyscraper windows like their counterparts did in 1929?

Bail them out? I say screw them and let them sell apples on the street corner.

I say we use all those billions of dollars that Wall Street wants to rebuild the infrastructure in the United States.

As for Wall Street it is time to pay the fiddler and today's the day the first installment is due!

[cbowman61]

Clinton did it dummy

[u028021]

I think that the 'turning' point was in 2000 when the Supreme Court decided who our president would be and stopped a full recount in Florida in order to slavishly follow the inaugural date of Jan 20th. I can't tell you how many people I spoke to after that who stopped reading newspapers or listening to even our awful evening news reports because they said "it didn't make a difference"- if we as Americans don't pay attention this is what happens-don't you think?

[u028021]

There is enough blame to go around to every single member of every single branch of government. But I possit a question to everyone commenting here- see next post

[hybaj]

First of all.. I hate Mccain. Second of all.... This whole crisis was caused by the american goverment, that idiot Greenspan and the Fed by distributing too much cheap credit. Nothing to do really with "free market" and deregulation. In a real free market there would be no fed and no idiotic artificialy low interest rates. It would take some very smart regulation in the first place which no bozo in any mayor financial institution could do. So the answer still is.. free market.. no fed..

[BritIronRebel]

McCain ALSO authored oversight legislation in 2005. Obama was their #2 in taking their money.

2003 - Bush tried to get regulation, Barney Frank said there was no problem.

[oldhacks]

Bill Clinton signed on to that shit too.

[oldhacks]

you guys read my post on mccain didnt you...

[SparklestheClown]

Record: Barney Frank DEM, said no problem since before 2001: Schumer o5' no problem

Bush since 01 said there is a problem with Fannie and Freddie - 05 McCain did bill to regulate Fannie and Freddie and Dems shot it down. You have your tainted anti-American facts WRONG AGAIN!!!!!

[tlm4040]

The Democrats on Capitol Hill, and primarily I'm talking here about Chris Dodd and Barney Frank, were in the middle of this from day one. They supported the Carter and Clinton administrations when they pressured the private sector to make these risky loans.

[beatbrain]

fuck I hate MCcain, his wife, and Sarah Palin

Barak Obama has pissed me off, but not as much as those 3

[TheRealtMG]

Do you have transcriptions for your broadcasts?

[drag0nk1ng74]

Plain And Simple:

The vast majority of politicians are scumbags, only there for their own self interests (ie. getting re-elected given deals to their buddies, and oh yeah POWER) At what point did we burn the fucking Constitution and allow these assholes to become our overlords.

They All Suck!!!

[OgeronimonominoregO]

Obama is no different. Anyone who gets plucked from obscurity and placed at the head of the ticket is an establishment pick. They all benefit from the financial vultures who pillage society. They support the system 100%, and you morons go on defending one guy and attacking the other because you're too stupid to look past the worthless political rhetoric. Obama is not any kind of reformer and neither is McCain. The source of the financial crisis is the Fed money monopoly. They own you.

[masonbdamned]

have obama do this take large sheet of paper and with a marker write the following: scientific fact " i'm in my right mind" (southpaw) my opponent is out in left field

[TrigsMomma]

"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."

McCain in an interview just a few weeks ago before the breakdown.

[tilletcanada]

To put it mildly, what an idiot, McCain is just plain stupid maybe worst than Bush but the jury is out on that.

[UGOTDAJACK]

This is starting to snowball fast. Today was a critical point. Basically 5 of the worlds largest banks got together and said, I'll print some money and give it to you, and you print some money and give it to me.

Meanwhile china, who owns more than 60% of the u.s. dept, had thier stock market crash harder than ours, and it's being completely left out of the loop hole. I can see them coming sept 30th, at the end of the fiscal year, selling all thier u.s. T bonds causing the dollar to collapse.

[Anvilofsteel]

McCain really wants Anarchy and A Free For all of corporate dictators to enforce their oligarchy of old powerful rich men, mainly so they can all cheat on their old wrinkly wives without worry.

[drag0nk1ng74]

Holy crap I hope you are joking around, otherwise you are officially the dumbest human being on Earth!

[Anvilofsteel]

McCain is a true piece of shit, and apparently so are you or you wouldnt be worried about it like the little pussy that you are.

Dumbass.

[drag0nk1ng74]

You sound like a retarded 4th grader. Go eat some frosted flakes so you can grow up big and strong and move out of mommy's basement and do something productive with your waste of a life. Shit for brains!

[Anvilofsteel]

Hey little one. go put your used tampon back in your mouth... you got out of your cage again.

[drag0nk1ng74]

That's the best you can do, simpleton?

Holy shit I need to go tell everyone I know, I just talked to the biggest limpdick, dipshit in the world.

Fucking Retard!!

[Anvilofsteel]

Ahhahaha, :D you want more? Since you cant keep up oozing vaginal yeast infection discharge, You need another drink dont ya? go have your mommy buy you another malt liquor 40oz'r ahahahahaaaa.

Tell ya what, since you got NOTHIN, an you cant come up with anything yourself, i'll give you another for fun...

Whats your address? i'll mail u my last turd - its about a foot ana half long, an has some corn in it. I'll wrap it in mccain ads, an send it to you to eat. Cuz thats all youre good 4 anyway

[cjdelaney0317]

really good stuff. You should be proud of yourself.

[Anvilofsteel]

Hey, that moron up there started this track with with smartass comments to me. You enjoy starting shit with other people too? If you like being the instigator of bullshit please begin. I'll be happy to give you what you want. otherwise, save your self righteous attitude for your priest.

[cjdelaney0317]

If only this country had more brave keyboard warriors such as yourself.

[Anvilofsteel]

what a puss you are. You have the lack of verbal ability to stew in your own diaper and pretend you have somethin? please do tell little fag. You appear to pretend you are a "keyboard warrior" or you wouldnt have opened your cocksucking mouth.

[cjdelaney0317]

"he started it"...You sound like a 3rd grader. Bravo.

[Anvilofsteel]

see my point?  you have nothing to say but insults. You have the mentality of a special needs child. You could easily be raised by Sarah Palin.

Bravo to you for making the immature decision to step into your own shit by making rediculous comments you arent qualified to make.

Keep it up crotch critter. You and your butt buddy up there Dragqueen can spoon each other all you want but your still the same shitpiles at the end of the day. Now, go amount to nothing like you sound like.

[cjdelaney0317]

Oh Ok...It's ME that has nothing but insults, and I am the immature on here. Right. Pro Tip: If you want to be taken seriously, you should first learn to spell words like "ridiculous".

[PhotonDrive]

Above all don't touch the Cheney\Bush military and their 6 trillion dollar debt WARS! The basic source of the "HomeLand Peoples" toxic debts of 1 trillion or more? Cuba TOTALLY WIPED OUT BY IKE - they rebuild fast & lease public fallow land. US? Can't do ANYTHING! Why? Because unknown Hedge funds bought debt "insurance", NEVER THINKING THEY MIGHT HAVE TO PAY FOR A DISASTER! They were RIGHT! Gov. now stepping in to take "toxic debt". TOTAL PEOPLE PAUPERIZATION!

[Lakerfanno1]

morons... seriously. There are so many things incorrect and flat WRONG in this, I can't take all the time it would need to correct it all. SO STUPID!

[u028021]

Name calling does not a coherent arguement make- take the time or don't post

[grahamkeithtodd]

has any one stoped to think why the us economy is in the crapper? maybe it's a sinister bush plan to fuck the usa over as he goes,because he knows that Obama will win and so he is doing the old smash and burn on the us to fuck Obama over!

[aretia]

I want to see Obama hit McCain hard on his confusing flip-flops on the economy and his anti-regulatory positions at a time when lack of regulation caused the current economic meltdown.

Also I want to see the Obama camp hit McCain on not knowing who the PM of Spain is, and for not being willing to talk with him.

There's so much attacking that the Dems can do with the truth on their side. Obama's poll numbers are up recently. It's cause he's attacking. Let's see some more.

[Gangularis]

I agree with you completely, Aretia, and DrakeMagnum.. There's so much material, that is TRUE and SOLID that Obama can rip into McCain with, now.. and I hope to god he goes for it. Being a nice guy isn't going to get him as far as he needs to go there. It's time to lay down the hard truth to the public, about John McCain, and his campaign. When it's time for the debates, Obama is going to RAPE McCain. I imagine the polls will slant towards him 10 points more. Obama 08!! VOTE PEOPLE!!!!!!

[RealCaptainAmerica]

I've been trying to tell everyone this! You say it better, and in video!! THANK YOU!!

FYI, the Keating Five Scandal ties in to all of this, because it shows how deep McCain's corruption has gone. Imagine how many other scandals there might have been over 26 years where he wasn't caught!

[ChulaKirby]

(Congress) The Senate and the House have leaders that monitor and regulate banks and financal companies. they have special committees that regulate the industries. They would NEVER LET THOSE COMPANIES SCREW US because they are ran by Democrats! Now these Democrats are gonna REALLY SCREW US by making us pay for the losses on the banks losses with out tax money. THANKS CONGRESS!

[Jdeen5]

The democratics may have a majority in congress but they don't have a veto proof majority. They can only do so much with Bush in office. We need a democratic president or a veto proof house and senate majority to really pass the legislation we want.

[luvangel330]

PS the problem is will the MSM pick up on this and make it famous...no...not at all which leaves voters uninformed and the dems got but so much money to make so many commercial before 11/4 including other expenses and now needing a loawyer in each state to keep up with the GOP election day tricks...humph...Cenk you need to go on some of these talking head shows...it's time

[luvangel330]

Your a man after my own heart Cenk!! Lets hope the Dems put out a commercial on this...come on DEMS!! But then again ... money is a major issue. I wonder if they are going to bring this up in the debates...Gosh I hope so

[DrakeMagnum]

I think Obama is going to turn McPain into swiss cheese in a debate. John has such a heinous record on this subject alone he should be the laughing stock of our sleeping MSM.

[tbgx1]

Cenk you are on a roll!!!

Keep it up and I will hand write your name on my voting ballot.

Whoops, there are no ballots!!

Prepare for another STOLEN election.

The NWO owns the populations of the world.

[jaba987]

the diebolt voting machines have already been programmed for 48% McCain win. so sorry Cenk

[crazytvfan815]

That was just a skit from the Onion...

[jaba987]

yes but reality is not far from the skit.

[jotunobsidianeyes]

Then someone should hack them.

[Gangularis]

jaba987, don't worry, the same hackers that got palin's email account will save obama, too. ;-)

[bertmarx]

Herrrrrrrrrrrrrrrrrreeeeeeeeee­eeeeeeeee's Jonny!! With More Bullshit

[jsg103]

I'm not a genius with economics or government workings, but don't more than just Mccain vote for these bills. I thought it took like a majority of some sort to pass these. LOL I think mccain is an idiot but I think its funny that there are all these victims that were forced to live with these things bc mcccain voted for it.

[thebdonski]

I agree, but doesn't Clinton have to assume some of the responsibility since he signed the bill?

[AbsolutionDouble0]

True. However, the theme is deregulation, which has led to this economic problem we have currently. While Clinton is to face some of the blame, deregulation is the real problem, and that is a big republican issue and is one that has been heavily supported by McCain.

[thebdonski]

I understand that. I think we agree that the Republicans are the driving force on deregulation, but the problem I have with Clinton is that he undermined our principals. All a Republican has to say is, the most popular Dem Prez in years supported deregulation, NAFTA, the Telecommunications Bill, the Welfare Reform Bill, Defense of Marriage Act and so on- he essentially gave in on all of their issues and when I see him hanging with Obama it makes me think nothing is really gonna change.

[AbsolutionDouble0]

A very interesting observation, and likely true. However, Clinton worked with a majority Republican congress. Perhaps Obama might leave a different legacy when working with a Democratic Congress.

I wanna vote for Barack so people can see what a full Democratic government can do. If it fails, then it fails. If not...then the Republicans are screwed because they won't be able to take the credit for it.

[rachel7036]

NO MCCain or Palin!

[Oban2006]

This isn't news. Duh McCsame did it.

[lestliness]

Ohhh this is devastating for McCrazy... I feel both sides need to take blame for this crisis.. but yeah.. this should be the nail.

[darealdjnutz]

When Republicans talk about less government this is what they mean. Sure they want to still arrest you for small amounts of marijuana, and still want to torture, and still want to spy, and want to tell pregnant people they have no choice, but they want to de-regulate everything so their buddies can get super rich when others (American workers) are being screwed horribly.

[pwg357]

Yes indeed.

The republicans fucking love HUGE government breathing down our necks and telling us what to do and spying on us at every corner.

They rejoice in torture and the destruction of the constitution.

And why? Bcuz their BIG MONEY buys them ANY freedom they want. If you're super rich you can LITERALLY get away with murder. Freedom is ultimately about the power to make choices. Well they got all the power and all the freedom and all the choices.

Why would they care about our rights?

[countess16]

I wish this wasn't true, but I have family that are "super rich," and they can buy their way out of anything. I love them, but Sad. OBAMA/BIDEN '08!

[C0ct0pus]

ex-fucking-actly.

[hypnofan35]

Somewhere near the top of hierarchies there is one primary rule: Aquire money and as much as possible as soon as possible and in whatever way might be available. They almost don't even have to worry about getting caught doing crimes. The principal has been around for a long time. In whipping boy principal you blame someone else or punish someone else. Let the designated terrorists remain nameless! It is only important to know that they could exist.

[UGOTDAJACK]

So far Cenk has been the best political advisor weather on the net or on t.v. Those idiots on CNN don't do their jobs properly and I'm starting to wonder if it's something they're doing on purpose.

[duecemom2004]

KEATING 5 TURK!!!!!KEATING 5!!!!!!!

[elperverto7]

Exactly Cenk, you have to be mental to vote for McCain, unless you are Anarcho-primitivist who yearns for the total collapse of US economy so that we can go back to living like fucking cavemen.

[Oli3TB76]

Theres a lot of mental people LOL

[Pv8man]

To be fair, Joe Biden did vote for one of the de-regulation bills awhile ago.

But McCain was pushing complete and utter deregulation to the fullest.

[samuelantonio]

All hail the great reformer. Pft w/e.

[VanadiusRex]

So, we hear that Barack Obama already has a 6-point plan to respond to the economic crisis.

Well, it just so happens that John McCain has a 6-point plan too!

1) Know that John McCain was once a P.O.W.!

2) Know that John McCain is a reformer!

3) Know that Sarah Palin is a reformer too!

4) Don't call Sarah Palin a pig!

5) Redefine the word "fundamentals" to mean "workforce!"

6) Appoint a COMMISSION to study the problem!

McCain-Palin - The Not-Ready-For-Prime-Time Liars.

[ayonsil]

You know...it sounds like monarchy to me, appointing a commission to do the dirty job.

[billthebutcher2]

You know, he lived several years without a six point plan.

[VanadiusRex]

PHIL GRAMM to The Young Turks:

"You've become a station of whiners!"

[eshfemme]

You also neglect to mention McCain's part in the Savings and Loans scandal of the 80s, which was a direct consequence of the de-regulation McCain was part of. Keating 5 ring a bell? Obviously, he didn't learn from that and instead was allowed to stay and help create an even bigger financial crisis.

[billthebutcher2]

That and McCain's temper. He didn't want to help Charles Keating out on it, but then Keating called him a wimp etc. McCain flew off the handle. Later on that day Keating bragged about knowing how to push McCain's buttons. McCain went and twisted regulator's arms to not enforce rules on Lincoln S&L, even though he knew it was wrong. He let a guy goad him into doing it simply because he was called a wimp. McCain would be like having Marty McFly in the White House. He'd bomb Iran if he was goaded.

[ERAUPRCWA]

But we have to go back to the year 1955 to fix the problem though.

[billthebutcher2]

While avoiding Biff at all costs too.

[ERAUPRCWA]

oh you're funny, lol!

[billthebutcher2]

No wonder Republicans are against mental health legislation etc, they count on the "mental" vote to keep them in office.

[hypnofan35]

i like that! very contrite and true.

[AirandSun80]

In Canada we have more regulation, which is why we aren't being hit as hard by the current crisis.

[grapplerke]

We have to be careful with regulations. Over regulating leads to inhibited economic growth while under regulating leads to bubble bursts.

[eshfemme]

And obviously we have been under-regulated because this was a hell of a bubble burst.

[Manberg900]

Actually there has been no regulation. That's actually a principle of the Republican Party, no regulation in the economy and more regulation in society.

[politicalfarce]

Be more clear in listing ALL of McCain's anti-regulation quotes and votes. List them all.

[DayGlowClams]

One day this week, McCain said the economy was in good shape, the next day he said it was in crisis. He doesn't know what the f**k he's talking about.

[PlatnumEyez]

Are people braindead?? How could anyone vote for a Republican after learning all these facts...WTF!!!

[megagrey]

Because...

A) Some people are still stuck in the 1950s and convinced all progressives are seditious, communist, flag-burning bastards.

B) Some people are religious fanatics who'll follow anyone who tosses them a bone in the form of anti-abortion or gay-bashing or whatever.

[technicschic]

mega - don't forget C) The mainstream media aren't pointing these facts out - meanwhile people are becoming brainwashed by Faux News