Added: 2 years ago
From: TheYoungTurks
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  • I found this video in searching for the song "Pick a Bail of Cotton" by Leadbelly.

    Why is this video linked to Leadbelly videos? I can see them over there >>

  • TOO Depressing.

  • The worldwide finance industry problems are the direct result of american greed/stupidity, we are paying for those idiots, who is paying for those bullies?

  • He is wrong regulation is what got us in this trouble. The government telling banks to loan money to people to who did not deserve it. We should let them fail. He is right about the risk issue bankers are not taking risk all investments are being secured by the taxpayer.

  • I remember in the 70's people called each other "turkeys" now I know why

  • RUSH  wannabees

  • Yeah Cenk, you would be the camels President  BITCH.

  • corporations...

  • Cenk, you'd make one hell of a President.

  • @Gladchild08: Yeah, In Russia

  • you just have no idea what you're talking about

  • What amazes me is that this all comes as a suprise to people. Back when the bailout was being planned, we anti-bailout people were saying that it had nothing to do with saving the economy, but rather was the biggest heist in American history. Now, not suprisingly, we've been proven right.

  • "Robber Baron"

  • type in obama deception.... the video is a hour and a half long... check this out

  • the fundamental financial problem with America is that a private banks creates all the money. The Federal Reserve Act, already illegal, must be revoked and stripped from the Constitution.

  • true the federal reserve was pushed thru congress on a xmas eve when hardly any congressmen were there.. it is a law not in the constitution.. repeal the federal reserve act break up the banks, AIG exxonmobile etc

  • Obama is big corporate wall street Man

    They are not fixing it, they are looting the public, You obviously do not know what the heck is going on.....old news....this is the same that has been going on since they heisted us....Wake Up! You saw who Obama picked to fix the financial system and wow , now you are surprised? They should be in jail...not playing with our monetary system...If you wake up you can start telling your viewers the real truth!

  • obama is a fag, i found that out when the gov. passed that bill to bailout wall street, why the fuck would they give em money

  • So, America has been invaded by Big Money, the justice, legal, and beleif systems are run by Big Money, and Big Money is draining all other money like a black hole. America is under siege. Cenk, you say it will take a long time to get out from under this rock. How do you suggest we go about it?

  • That means we gain points with the public by marketing an unnecesary vaccene to a pandemic that kills less people than choking to death on a cheetos' AND we get to kill people off, therefore preventing overpopulation. Isn't the WHO merciful?

  • Do a show on CRA, ACORN, Bank of America, Obama and thier part in the Housing Market Crisis.

  • every time we rely on corporate america we get fucked. every time we rely on the government we get fucked. it's high time people started taking their fate into their own hands.

  • 3 words: New World Order

  • you said it perfectly from 6:47 in....EXACTLY!!!

  • Cenk,

    You, Michael Moore and most of the right need to learn the difference between "capitalism" and "corporatism".

  • Wait are you putting them in on the right ? or is the right pretty much the entire american political mainstream

  • I respect your honesty Cenk, but you really need to shake this left/right hold on you. Both Bush and Obama are scum, bought and paid for before their elections, and catering to the same elite crooks. The only way change will ever occur is to STOP voting left or right!

  • Then who do you vote for?

    The issue isn't whether they are left or right, the issue is the system which contracts the politicians. If you don't vote left or right, who else is there?

  • I wouldn't mind the ads so much if they weren't three times louder than the fuckin video.

  • Wow, this is this first time I've ever agreed almost completely with TYT. good work on this one, but as for him claiming the "moderate" status, that one is easily laughable. we know where he stands. but I like that he's able to bash his side as well.

  • what did that genius, bush, say again?

    Fool me once, shame on — shame on you. Fool me — you can't get fooled again.

  • If we can't regulate them, then trust bust their asses.

  • Fuck yes! You can trust bust so many industries and it would help competition soooo much!

  • our country has a history of schizophrenia and it's getting harder to hide it from the more sane countries

  • They are who we thought they were!!!!!!!

  • Why?

    I don't like piles of manure!!!

  • Unsubscribed from your channel

  • bailing out banks is not a right of center view it's a big gov't view.

  • I've been saying it for a long time. There is no left and right anymore. It is all corporatism. That's it, that's all.

  • Obama's biggest campaign donors where JPMprgan-Chase & Citigroup. It's fascism. No way to skirt this issue.

  • Banks run this country- its undeniable

  • wow...so let me get this straight..obama is a right wing socialist? people in the U.S need to ge there politics striahgt. like you have the limbaughs on the extreme right saying obama's a communist, while people like cenk is saying obama's right wing? I dont think he's right wing when the government owns 60% of GM. some people just can't have it both way, both on the left, and on the right. I come to expect that when obama does anything, he gonna get criticized by both sides no matter what sigh

  • i dont think cenk was suggesting obama is totally right, just that their suggestions on this matter and the policies are extremely right wing in nature.

  • That's because there are no sides. I've never understood why people think its as simple as labeling people left and right. isms and ists are all the same in the end, it starts of ok on paper, there's a rat race and then it becomes totally corrupt.

    Obama is a bollocksist practicing shitism.

  • There are two sides, there's the people, and then there are the rich opressors.

  • "obama is letting the banks off the hook"

    DUH! no shit dumbass. he works for wall street so what do you expect. obama is a fucking war monger who won't stop rendition and torture either. fuck 'em. bush part II.

  • exactly!

  • obama = epic fail

  • Sadly, the only thing you can say about the guy is 'at least he's not Dubya (or Palin)'.

    I wish you could say more positive stuff about him but he just doesn't seem to get things done.

  • Obama will be letting the banks off the hook no matter what he does. The only way to sort out the situation is to end the privately owned Fed, not pussy footing around pretending to regulate it, or worse, giving them more control under the guise of regulating it. Recessions and Booms are all part of their corrupt business model. Rod goes out boom, rod comes in recession. Bankers get more wealthy. Of course it will never be fixed because Obama's entourage is full of bankers and wallstreet goons.

  • Read "The Creature From Jeckyll Island" by G.Edward Griffin. Read it and learn!

  • I'm sorry, I cannot read, I just can write for I'm a moron.

  • Seems America is on the mercy of banks again.

    Though meanwhile maybe banks will have changed their attitude for the better.

  • "Though meanwhile maybe banks will have changed their attitude for the better. "

    Sweet mother of God I hope this is some sort of sick joke.

  • Or maybe we can pray bankers will turn into honest people !

  • There is no easy way out, the capitalist solution is to let them all fail.

    Regulations are bad but once you give a bank money then you have to regulate the hell out of it which defeats the purpose of saving it. This bring us to the point that we should've never bailed them out in the first place.

    Regardless of how much we regular, we can never compensate for the damage caused by the moral hazards that come from Fed's interest rate policy and by bailing them out.

  • the fact that the Democratic party is but one arm of the two party/same corporate master system of government.

    We need to face the fact that Democrats aren't there to do the will of the people,

    but rather the will of their corporate masters. Thus, despite having unprecedented power, little if anything of true substance is going to be achieved.

  • I agree. TYT spends so much time bashing Republicans...they can't see the whole picture. Of course the tax payer gets screwed-it doesn't matter what side you are on. And Cenk there is another prob:FHA loans-oh yes the fed will pick those up too. Wake up,accept it-we are only gonna get 5% change...

  • Isn't this just great? What a bunch of garbage. President Obama needs to pay attention to his advisors. This is just nuts. What will it take for Washington to get moving and fix these problems.

  • ...they will not...

  • This is what we should be marching against in DC, instead of teabagging.

  • Cenk, I respect your enthusiasm. This dude really stands up for the truth. He's not playing.

  • this is actually pretty scary...

  • No shit.

  • u got to love the libs...I love it when the libs own up to Ocommiebamas bull

  • it's a good thing I can still hunt.

  • not entirely, banks are failing and going under. not all banks are being saved - only the big boys... which is much more strict are regulated now that they're indebted to the govt

  • Explain how the banks are indebted to the government. The whole world is indebted to the banks. What do you think national debt it?

  • Capitalism does suck.

  • Private Property and Private ownership of capital are bad things? On what basis does Capitalism suck? There is no basis in criticizing capitalism as it had nothing to do with oru current financial crisis. We are not a Capitalist, we are corporate socialist.

  • isms and ists - they are all the same. It starts out good on paper, there's a rat race to the top and then it becomes totally corrupt.

  • Which is why you need a balance of power between, not one who is in charge.

  • Stevo, you've just slapped a label on something. Your post assumes that corporatism is not the eventual result of a system where private property and greed are all that matter.

  • Clearly private property rights don't matter in Corporate Socialist America. You can be spied on without warrant, your property can be seized by the government for favored corporate interests, and you do not have the right to refuse service and entry to a person on your private property(forced association). You cannot blame Capitalism because as an economic system it is non existent in America.

  • Duh, stevo, your fantasy capitalist world will never be. You know what, in Soviet Russia, equality didn't matter. After all you had a premier and not everyone did the same work or received the same amount of compensation, so you can't say communism failed, because it was never communist. The reality is, spend 30 years ideologiocally drooling over capitalism and you get corporatism. It sucks to have believed in something fake all these years, but that doesn't make it any more real.

  • Both political parties are OWNED by the same wealthy interests.

    "Change You Can Believe In" will happen ONLY when the American people REVOLT, and walk away from BOTH PARTIES and the national monstrosity they have created TOGETHER.

    America is an oligarchy, owned and operated by the WEALTHY FEW. If the Big Bank Bailout doesn't prove THAT to people, nothing will.

  • I'm still holding out hope that things won't get that bad. Maybe I'm fooling myself, but I have no interest in fighting a civil war.

  • obama is a fucking puppet.

    he's playing their game.

    only you fucking idiots think he can really change anything.

    he's not there to bring change, he's there to turn the wheel once again.

    until they run out of money and have to stage another terrorist attack to invade another country.

  • This is how WE are going to collapse and go into a depression in order to start NAU currency I Knew it I thought so when this all started, but who am I just a carpenter out of work and soon all all us will be also, then what ! ? ! ?

  • The collapse is nearing...

    WOW. The Fed will keep printing money....there goes the dollar.

  • Yeah, seriously, fuck your 5% change, Obama. I hate this country.

  • Hate the American people for paying more attention to reality tv, sports and pop culture than what is really going on. America is marching to the cliff...soon, it will be over.

  • revolution now!

  • Cenk you aren't a moderate. Stop bullshitting, you are an American. The vast majority of Americans don't give a shit about politics and when it comes to the issues they are too the right on some things and to the left on others. That's just American

  • Banks own the US. Plain and simple.

  • The worst to come to the US economy will happen in about 2 weeks :D

  • And people where mad at Nader because he said Obama could prove himself to be an uncle Tom for the Big cooporations...

  • I'm moving to Canada.

  • I don't know why more people emmigrate from America, it's so fucking fail...

  • Where would we go? Everyone hates us, and some of us our to poor to leave.

    More importantly how can any country get better if you just abandon it?

  • Well if you live by yourself, you can always volunteer to do charity work, or take those jobs abroad till you get citizenship of that country.

    As for being a family do what most other people do, breadwinner goes first to get citizenship, when he does he can bring his family over when he gets the permission. If theirs a will theirs a way.

  • Volcker should threaten to resign and tell the White House to piss off.

  • Rahm, Geithner, Summers, they gotta go. All these half measures are going to give us a weak foundation.

  • yeaaaaaaahhhhhhhh i think we need to run out of cash and let the government fall apart so we can rally a war in the U.S and bring change back.

  • This is part of the reason I think the bankers have the politicians on a leash. At the G20, Merkel and Sarkozy both wanted more financial regulation, the US has a President who's supposedly a socialist, and Brown did too (he admitted to in a very frank interview where he assessed the problems he faced) but he fought against it, and won. He said he couldn't because others were opposed to it. Who? To be honest I am in favour of strong regulation and even some permanent public ownership in banking

  • He is bringing the black race down.

    I wonder if black people are going to be seem even lower after his presidency ends?

  • can you see why you get -3 because

    You generalize all black people.

    If Bush did something wrong, then We wouldnt seem lower towards white people ?.

  • I do realize it and I did generalize all black people because that's an argument some people are going to pose after his presidency is over. Just like they do with white people in presidency.

  • Obama needs to stop listening to Rahm and these other assholes......Obama is gonna be a HUGE disappointment!

  • This guy really needs to stop saying he's a moderate. Can anyone name more than two Republican policies that he supports?

  • Well if he supported any more he wouldn't be a moderate, he would be a centrist. Well, maybe even further than that, considering how extreme the Republican party has gotten.

  • He doesn't support them as he has said before Republicans are nuts.

  • Name two Republican policies that are moderate?

  • Daeng shiiiii... them f-ing bankers they are bending us over ..

  • I guess you're only getting change you can believe in...

  • I predict that this time next year, Cenk, you will hate Obama the same way you do Bush.

    I voted for Obama, but I said I would give him six months to reverse Bushes tax cuts. I think it took two weeks for him to do the exact opposite.

    I knew then that he was nothing but a corporate schill.

  • I think, you have to show your disappointment,

    He shouldnt get re-elected, if he doesnt deserve it.

    Obama admin.

    its like Obama and a bad team of friends.

    He hangs out with the wrong, type of people.

  • Careful. With most elections is comes down to voting for the lesser of 2 evils. Obama is a disappointment in many aspects but do we really want to vote someone in (ie Republican/Conservative) whose first allegiance is to the corporations which they have clearly demonstrated already.

    I think a third party should run ie an Independant. Some of their ideas may be too left for some people but a true independent is not bought by the corporation.

  • No one seems to be above the influence of corporate money, at least not enough to make a difference.

    The bottom line is that to get elected you need lots of money, as the majority of the population does not vote based on issues, but rather 'image' and it costs money to present that image.

    Allowing corporations to participate in the voting process, spelled the end of representative democracy in the US.

    Cenk nailed it with "We are an occupied territory, occupied by corporate America".

  • You are right.

    Obama is afterall

    less more damaging, then Bush was,

    So vote for a lib.

    NO matter what.

    even though all Politicians can be bought.

    its soo disappointing.

  • "No one could have seen it coming"

    Watchword of our age...from Katrina over Mortgage meltdowns all the way to climate change.

  • "No one could have seen it coming" the Man's new MANtra, methinks...

  • hell from pakistan.

    i like this show.

  • its the new world order

    banks run the country

  • and banks run the WH!!

  • 302 views 3:35am PST.

  • Hmm.... how is that change working for you guys? This is what happen when you elected a guy that has never ran anything before in his life. Hell, Dems should have went with Hillary. Expect Hillary to run against Obama again in the primary in 2012.

  • yea right hillary is not bought and paid for lol dream on

  • actually if you seen the documentary. Sicko

    Hillary Clinton, while Bills presidency,

    was fighting for the public option,

    Untill she got one meeting with Republicans,

    and she never mentioned, public option again, after that meeting.

  • Hillary was bought by the medical industry a long time ago. The current Hillary is not the young idealistic Hillary.

  • Friend, They are all bought,

    Obama came from a decent background, the most decent, background.

    What happen is if YOU, get involved in Politics,

    You quickly learn, how things work,

    and you have to adjust, to that environment,

    Or you done.

  • It's not anarchy, but it will lead to anarchy if they keep it up. I wonder if those corporate interests will understand this before people let them know they've had enough... The evidence of foul play is out there, and it's getting more and more incriminating.

  • Repeal the Graham Leach Bliley Act and the Commodities Futures Acts now!

  • 302 views 264 ratings - 4:22 AM

  • youtube lag, it's always bad with all the comments we post here.

  • Keep up the good work TYT.. Best journalism ive ever seen..

  • MY PLAN: 90% CAPITALISM, 10% REGULATION. Problem solved.

  • 100% in government regulation of the corporate entities in country, they can play capitalism in the sector but not in the social governing arena. Good point with the separation, they use each other the church and corporations.

    I 100% agree with Cenk.

  • you can't let the patients run the asylum

    or the Fox in charge of the henhouse

    *sigh*

    it seems things have to get a lot worse before people wake up

  • seperation between church and state=seperation between state and corporations.

  • yes. people actually need to feel real pain before they wake up.

  • the big guys in tha bank wont feal the pain, they will keep the money they have accumulated in the past years

  • Economic Recover Advising Board?

    ERAB...not too far from ARAB, which is Obama's REAL nationality!!!

    :o

    I do not believe what I just posted above lol...just wanted to know what it felt like to sound like a birther :P

  • I think that youtube uses title tags to determine what ads surround a video, but I don't think TYT would be happy with the ads surrounding this.

  • Obama's the one who appointed these jackasses Geithner, Summers, Emanuel, the list goes on and on.

  • What a CREEPY GEICO commercial at the front of this clip! Very gross and weird.

    Obama works for Wall Street - JP Morgan Chase, Goldman Sachs, Bank of America and Citicorp/SA

    Wall Street says Bailout! and Obama says How Much?

  • That's the problem with liberals, we can't explain stuff in simple terms.

  • nice job obama. I feel bad for voting for you.

  • Change? Where damnit, where?

  • lol. now all the obamaheads can see for themselve that not only do the banks/corporations own the senate, whitehouse and both parties, but obama is bought and paid for, an actor.

  • in WHAT is obama and the white house not 'going in the wrong way' ???

    he is a corporatist after all......

  • Fucking banks. They should be incinerated. Literally.

  • Ok, so we've got the crazy right wing and now these impotent democratic posers that say all the logical things we want to see happen, to get the job, and then morph into these pigs that do nothing to help!

    Where do we go from here? There is no choice?

  • This might sound unorthodox coming from a lib, but I think it's time we listen to *some* (keyword) of the repubs' "phrases" (that they are quoting with the wrong things in mind).... Namely the Tree of Liberty.

  • Great Blog

  • Cenq needs to watch Gerald Celente who says it is all a scam.

  • I don't think that Cenk is a "moderate", but the hole "bailout" stuff is now clarified.

  • Step 1: Fuck up the economy

    Step 2: Brainwash and stupify the populace

    Step 3: Force the American government to join a world bank to save it's ass.

    Step 4: ?????

    Step 5: PROFIT

  • Step 6: Population cull :(

  • Is Cenk finally admitting what people have been shouting about since Obama first showed signs of not living up to his own words? Yeah. Wake up!!! There is no Left or Right, there is a puppet master pulling the strings on both sides. End The Fed, and Investigate 9/11!!!!

  • the American people should bail out the AMERICAN PEOPLE. fuck poor people everywhere, but we give all the money to the rich lol

  • I think America is a goner, if they cant even do the basic stuff right when this much is fucked. I mean, the whole country is at risk. Then its clear it can't be fixed. In Norway we have too much money, we are 4,5 million people, thats it. And we own 1% of all the stocks in the world! The people, not corporations that is. That says something.

    YET! Even when wealth if overflowing here, a politician gets front page coverage in the media just for taking a flight too many with tax payers money.

  • You also have tremendous oil wealth and have been saving it wisely. I also highly doubt that every person has overflowing wealth but your government does take good care of you so in a way you are a wealthy nation.

  • True, we have been lucky, not everyone have oil. However as you said, we did guard it well.

    I did not mean that everyone is rich, I meant "the people" own the wealth, it does not belong to some corporation.

    We have poor people too, but even if you are dirt poor in Norway, and can't work. You will receive enough money for housing and food.

    Don't mean to brag about my own country, that stupid. I was just blowing off some steam, I get so frustrated by America's situation right now:/

  • We need Sarah Palin as President RIGHT NOW instead of Obambi - ecwaufisxtreme

    You must be high.

  • Keep voting democrat until you get that change. Call me when it happens.

  • At least we call out our politicians. Go back to your herd.

  • Again, keep making those phone calls. I'm glad you do more than republicans and get the same result. Who's in the herd?

  • Vote third party if America is willing to vote for "minor canidates" then the Democrats control all libral votes and the Republicans control all conservative votes.

  • Why do we need to spend tax dollars to "warn the people" about financial products? Are people really so stupid that they can't do the work themselves? This left-wing guy on youtube is smart enough to analyze situations, so why can't everyone else? Also--it's always been illegal to "scam"--if you LIE that is FRAUD. We don't need more rules surrounding this--it's pretty cut and dry.

  • Volker should be furious. The Democrats refusal to heed warnings back in early 2000s was in large part responsible for the ensuing meltdown. Now it looks like they're trying for a repeat performance.

  • If they separate GS,JPM,and MS would be bankrupt overnight, which is fine with me. Reinstate the Glass- Steagall act!

  • We need Sarah Palin as President RIGHT NOW instead of Obambi for she will ensure that there are no economic regulations whatsoever! This country and the world economy will do much better when there are NO regulations! The economy will fix itself and government intervention will only make things worse! Palinomics will make complete deregulation last for an eternity and save and heal this economy with the DIVINE POWER of GOD HERSELF!

  • I love this post. I've been reading and re-reading for five minutes now. My first instinct was to laugh at the well done sarcasm. But I'm not sure now. The problem is that I can picture religious nuts really saying that straight.

  • om FUCKING G, im Agnostic dumbass, yea you have no preconception of what you speak, hell why even try to understand what is being said, but this is your way, your a good little libber, errr I mean lemming, no wiat, ....fuck it both fit!

  • so the lesson we should take from this is, we should have given them the money, but regulated it to begin with? i dont like that, cuz no matter which way you do it, if it involves GIVING them the money in the first place, corporatism wins. all a regulation needs is a little dab of corruption, and then it instantly becomes worthless at best, and harmfully counterproductive at worst.

    the real lesson ought to be, don't give them the money. do not trust them. they're lying.

    and audit the fed.

  • Everyone is to the right of you.

  • END THE FEDERAL RESERVE

  • Everyone has to admit that high taxation isnt key but smart taxation. Cut programs that we dont need and over funding of programs as well. We need some regulation of economy and the bailouts were stupid. They could have bailed out the citizens and it wouldve cost less money and the banks still would have got their money. The economy wouldve bounced back and people would spend more. Cut funding to programs we dont need or doesnt do very much then cut the taxes. Smart taxation is key.

  • I never thought I'd say this, but assuming Obama screws us over on health care reform. Maybe we should team up with the right wing crazies and mass riot.

  • Nah, never happen.

    We're done with righty, it's just matter of getting involved and making them do the what we want.

  • it's great to see cenk getting back to the real issues...i was starting to think he sold out...great job cenk keep bringin us what t.v. refuses

  • Audit the Fed !

    HR 1207

    S 604