He is fucking "columnist" for one of the most reputable newspapers in the world, whose job, among his many responsibilities, is to monitor and analyze all the events, including all those years where "Bush Doctrine" memes and topics were going around in the world of "journalism," yet he feigns ignorance when it comes to knowing about it!!!
Ya, John, you are full of shit. The look on his face screams, "YOU GOT ME!"
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Garofalo is a liar. we have always had regulations and laws on the books for everythng they're just noit enforced. fuking libbs are idiots and we prove it- IDIOTS4OBAMA COM
Sarbanes–Oxley Act is complicated. It may not be as effective as we want. It may be driving business to the UK. But we need something. We can't forget the huge bankruptcies at the beginning of the millennium (Enron, Tyco, Adelphia) that I believe were the result of books being cooked. However, in these times of hate and pain, we need some cover from the falling rain.
John Fund is totally wrong. It was Sen. Phil Gramm (R-TX) who wrote the ENRON LOOPHOLE that allowed the banks and large corporations INCLUDING ENRON to hide HUGE risk due to derivitives which is at the CORE of the economic collapse and WE WERE WARNED by Brooksley Born, the head of the Commodity Futures Trading Commission UNTIL Gramm and his Republican fascist conspirators stopped her. Gramm's WIFE, Wendy, was making a MILLION a year as an ENRON director doing NOTHING. The risk was TRILLIONS.
@exenrontexas Exenrontexas Please study Canadian banking regulation, system, look at the health of their banks, and please tell me what rules prevented Canadian banks from taking stupid risks on derivatives.
Do you know how many avenues are can be taken when trying to examine systemic risk of any financial product..?
How could a serious risk on a derivative be represented on a product with a implied financial guarantee from the feds in the first place?
@EasyEs Sorry, but I do not have time to study Canadian banking laws although I might be tempted to sit on a boat in a Canadian lake with a jig to fish for Walleye.
I had lunch with a senior banker from Chase and one from BONY and the consensus was that bankers deal with risk and promote fear. That is what is behind derivitives. They are risky gambles that are often hedged with complex agreements. You get better odds in Las Vegas.
@EasyEs I enjoy the Northern Pike fishing. Always good for a fight and they are tricky too, but the Y bones are a problem.
The bankers are totally against regulation but have a hand out when the run into trouble. I worked for ENRON and TWO banks. One of the banks was bailed out twice and then failed again. I think the BOD and senior bankers should do serious time in prison. It is the right thing to do.
@exenrontexas Nahh trust me there is a reasons the big investment banks donated to Obama by a huge margin. They like the highly regulated market...It gives them a huge advantage over smaller hungrier firms, it allows them to lobby to help write them so they give advantage to the types of financial products they sell.
The worst part is investors all think due diligence is done by the SEC instead of doing it themselves which removes market pressures.
@EasyEs I agree that the public is deceived by banks and government into a false sense of security and the false belief that regulators are doing their jobs and that laws have teeth in them to make the banks accountable. Example: I was part of the class action suit against Citi and Chase for their criminal actions involving Enron. This was a CIVIL suit, the government did NOT sue the banks. The Federal courts in the ENRON case disallowed the use of the RICO statutes against organized crime.
@exenrontexas Well financial regulations should have one purpose, to enforce transparency and ensure financial products have correct risk exposure. The US financial system is just a mess of regulatory crap from an outsider looking in.
What it appears is that your financial system is set up in a way that makes in part proxy of your federal government, which in turn gives special treatment to big players who don't obstruct this behavior.
@EasyEs I recall Ken Lay's first combine ENRON board meeting where he got his job as CEO. He was asked a question by one of the directors, Arthur Belfer, of Belco Petroleum. The question was how he should handle a difficult IRS problem where Belfer owed a substantial amount of tax and penalties. IF Lay were a patrioitic citizen he might have suggested finding and equitable negotiation and paying the tax. But NO.
@exenrontexas Lay told him to fight the IRS every step of the way and make it as costly for them as possible and never give in. Now I am no fan of the IRS but the Belfers are worth many billions and could afford their tax bill. Instead thousands of other citizens had to pay what they didn't pay. ENRON paid NO TAXES AT ALL in the last 4 out of 5 years they were in business.
Elitism seems to matter a lot more than common sense to these people. I guess it makes it easier to gas people after the government takes over. Hey, tell the retarded kid those yellow showers over there are much cleaner.
How did we get so many uneducated anti-American communists in this Country? Not one of them seems to know what NAZI stands for. Complete and total waste of life asshats.
Wow that woman is the best example of the hysterical Marxist moron as I have ever witnessed
.
Anyone who thinks the American Economy has become less regulated from about 1988 on is A ignoring the empirical evidence. B doesn't understand business. C. Doesn't understand that business lobby for regulations all the time to prevent the market from operating.
You have to be impressively stupid and ignorant to take a position like that, I am calling all of you out right now, who do believe that.
John Fund is one of the brightest folks I have ever known. I knew him well in our Junior College years.
He is dealing with biased folks reacting far more with emotion than facts. Maher is doing his usual unfair twisting of what the focus of the discussion is, and never lets John put things into his own context.
The only Idiotic thing John may have done here, was to show up to this roast party.
one quick thought, garafalo or however the fuck you spell her name, used to be preety cute, not hot or anything, but cute, god, from away now she looks like the crypt keepers wife...anywho, i have not seen or heard someone lie more than fund in a single convo since the republican party debate
This comment has received too many negative votesshow
Janeane Garofalo is a stupid cunt. She can't tell her head from her ass. Her words after the tea parties on Olbermann's show were just disgraceful. I mean, come on! And for Olbermann to just sit there while she says all that stupid shit and not take her to task is even more reflective of him.
I didn't read John Fund to pass judgment on his intelligence, but from what he's stated I can concede with Bill that he's a real cynic. Even a 2nd grader P.S pre-graduate right-wing partisan would have remained profoundly silent in credence about Sarah Palin..
Isn't that typical Wall Street bullshit when he claims he didn't know the Bush Doctrine? They would rather appear incompetent because it gives them an excuse for their law-breaking. As though we're supposed to say "don't worry, he just doesn't know what he's doing".
This comment has received too many negative votesshow
Who is the idiot? Garafolo makes a dumb point and is smacked down by Fund, so her tag-team buddy Maher just jumps in with a Palin joke. This is all libs have: when caught lying or in a factual error, make a derisive joke.
I wish pundits wouldnt discuss economics...yes, de-regulation had to do with this PARTICULAR financial crisis, but the real problem is the control of the our money supply. The money supply shouldnt be managed. The wealthy bankers control the money supply, encourage crises like this housing one to occur through artificially low interest rates, then capitalize on a low market. Dems and republicans alike need to stop calling what we have a free market, its not, its government-enforced corpratism.
Obama wants to spread the wealth around but only with other people's money. He won't even take care of his own aunt, who is an illegal alien and is living in public housing.
I watched this episode last week. This John Fund guy is real piece of work. He has some snappy comeback for just about everything, regardless of it's merit. This guy says Sarbanes-Oxley is trivia for Palin, but would be the first guy calling for the head of a Democratic candidate who didn't know what this piece of legislation means. He's the purist example of someone who is clearly on the RNC payroll and making a fine living, while not really believing the BS that comes out of his mouth.
@shellykeli I fail to see what exactly he said was wrong. During the campaign Sarah Palin was judged on her intelligence and every gaffe she made was a healine on the front page of the New York Times. But of the dozens and dozens of gaffes Obama has made, none show up. Not a single thing Maher or Garafalo said had any substance or fact.
@JasonCIAHudson Having no idea what the Bush doctrine isn't a gaffe. It a trait of someone sevearly ignorant of modern american foreighn polocy. If that person is also in polotics, they are an idiot. It's like claiming to be an auto mechanic, but no knowing what an ignition system is.
Since seam to think it is OK to not know what the Bush Doctrine is, your assessment of who had substance or fact in thier statements is worthless.
@monokhem First off I'm not a Sarah Palin supporter but I'm sick of the strict scrutiny applied to Sarah Palin and the adoration of Obama. Obama has made plenty of gaffes including saying America invented the automobile when Germany did, claiming Bush's policies caused the housing bubble when it was Clinton's, studdering in every "teleprompterless" speech and interview, believing tax increases cause economic growth, not to mention his radical connections... I could go on but you see my point.
u should say that the audience is great, cause ud agree with what the people are sayin. that audience goes ooooh or aaaaah everytime the consevative dude is being dis, so if you like that the conservative is bein dis, u should say that the audience is great
He is fucking "columnist" for one of the most reputable newspapers in the world, whose job, among his many responsibilities, is to monitor and analyze all the events, including all those years where "Bush Doctrine" memes and topics were going around in the world of "journalism," yet he feigns ignorance when it comes to knowing about it!!!
Ya, John, you are full of shit. The look on his face screams, "YOU GOT ME!"
ninuxy 3 months ago
omg Janeane Garofalo is hot! What is it about smart girls in smart girl glasses? Va-fucking-voom!
skoockum 4 months ago
Im watching this asshole on Maher right now. Never heard of him before but he's a disgusting human being who lies everytime he opens his mouth.
cchris000043 4 months ago
NO illegals should be be able to vote.....
LoisJD 6 months ago
Seems like alotta people are against book learnin' and reading news. Why?
fredriknorand 8 months ago
There's been deregulation? By what metric?
Visfen 9 months ago
yeah, it came in AFTER Enron, i really think thats the whole fucking point, to little to late.
dom44444 1 year ago
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Fuck all republicans!!!!!!!
nalani005 1 year ago
This comment has received too many negative votes show
Garofalo is a liar. we have always had regulations and laws on the books for everythng they're just noit enforced. fuking libbs are idiots and we prove it- IDIOTS4OBAMA COM
IdiotsForObamaCom 1 year ago
@IdiotsForObamaCom
Stop advertising for your shitty Anti-Obama QQ blog, sponsored by Rockstar Energy Drinks and the Lingerie Football League.
And FFS learn some grammar and punctuation!
drizzt4418 1 year ago 2
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how about you go **** your mother.
IdiotsForObamaCom 1 year ago
Sarbanes–Oxley Act is complicated. It may not be as effective as we want. It may be driving business to the UK. But we need something. We can't forget the huge bankruptcies at the beginning of the millennium (Enron, Tyco, Adelphia) that I believe were the result of books being cooked. However, in these times of hate and pain, we need some cover from the falling rain.
quesondriac 1 year ago
republiCUNTS should be hot and pissed on!!!!!!! i'll do the shooting!
blastsummit 1 year ago
John Fund is totally wrong. It was Sen. Phil Gramm (R-TX) who wrote the ENRON LOOPHOLE that allowed the banks and large corporations INCLUDING ENRON to hide HUGE risk due to derivitives which is at the CORE of the economic collapse and WE WERE WARNED by Brooksley Born, the head of the Commodity Futures Trading Commission UNTIL Gramm and his Republican fascist conspirators stopped her. Gramm's WIFE, Wendy, was making a MILLION a year as an ENRON director doing NOTHING. The risk was TRILLIONS.
exenrontexas 2 years ago
@exenrontexas Exenrontexas Please study Canadian banking regulation, system, look at the health of their banks, and please tell me what rules prevented Canadian banks from taking stupid risks on derivatives.
Do you know how many avenues are can be taken when trying to examine systemic risk of any financial product..?
How could a serious risk on a derivative be represented on a product with a implied financial guarantee from the feds in the first place?
EasyEs 1 year ago
@EasyEs Sorry, but I do not have time to study Canadian banking laws although I might be tempted to sit on a boat in a Canadian lake with a jig to fish for Walleye.
I had lunch with a senior banker from Chase and one from BONY and the consensus was that bankers deal with risk and promote fear. That is what is behind derivitives. They are risky gambles that are often hedged with complex agreements. You get better odds in Las Vegas.
exenrontexas 1 year ago
@exenrontexas Right but how that translates into "deregulation is at fault, and we need more regulation" is not clear..
But yeah the small mouth fishing in Canada can be awesome, walleye are good to eat but might as well be dead weight during a fight.
EasyEs 1 year ago
@EasyEs I enjoy the Northern Pike fishing. Always good for a fight and they are tricky too, but the Y bones are a problem.
The bankers are totally against regulation but have a hand out when the run into trouble. I worked for ENRON and TWO banks. One of the banks was bailed out twice and then failed again. I think the BOD and senior bankers should do serious time in prison. It is the right thing to do.
exenrontexas 1 year ago
@exenrontexas Nahh trust me there is a reasons the big investment banks donated to Obama by a huge margin. They like the highly regulated market...It gives them a huge advantage over smaller hungrier firms, it allows them to lobby to help write them so they give advantage to the types of financial products they sell.
The worst part is investors all think due diligence is done by the SEC instead of doing it themselves which removes market pressures.
Learn from Canada's mistakes.
EasyEs 1 year ago
@EasyEs I agree that the public is deceived by banks and government into a false sense of security and the false belief that regulators are doing their jobs and that laws have teeth in them to make the banks accountable. Example: I was part of the class action suit against Citi and Chase for their criminal actions involving Enron. This was a CIVIL suit, the government did NOT sue the banks. The Federal courts in the ENRON case disallowed the use of the RICO statutes against organized crime.
exenrontexas 1 year ago
@exenrontexas Well financial regulations should have one purpose, to enforce transparency and ensure financial products have correct risk exposure. The US financial system is just a mess of regulatory crap from an outsider looking in.
What it appears is that your financial system is set up in a way that makes in part proxy of your federal government, which in turn gives special treatment to big players who don't obstruct this behavior.
EasyEs 1 year ago
@EasyEs I recall Ken Lay's first combine ENRON board meeting where he got his job as CEO. He was asked a question by one of the directors, Arthur Belfer, of Belco Petroleum. The question was how he should handle a difficult IRS problem where Belfer owed a substantial amount of tax and penalties. IF Lay were a patrioitic citizen he might have suggested finding and equitable negotiation and paying the tax. But NO.
exenrontexas 1 year ago
@exenrontexas Lay told him to fight the IRS every step of the way and make it as costly for them as possible and never give in. Now I am no fan of the IRS but the Belfers are worth many billions and could afford their tax bill. Instead thousands of other citizens had to pay what they didn't pay. ENRON paid NO TAXES AT ALL in the last 4 out of 5 years they were in business.
exenrontexas 1 year ago
Elitism seems to matter a lot more than common sense to these people. I guess it makes it easier to gas people after the government takes over. Hey, tell the retarded kid those yellow showers over there are much cleaner.
How did we get so many uneducated anti-American communists in this Country? Not one of them seems to know what NAZI stands for. Complete and total waste of life asshats.
dankeschone 2 years ago
Wow that woman is the best example of the hysterical Marxist moron as I have ever witnessed
.
Anyone who thinks the American Economy has become less regulated from about 1988 on is A ignoring the empirical evidence. B doesn't understand business. C. Doesn't understand that business lobby for regulations all the time to prevent the market from operating.
You have to be impressively stupid and ignorant to take a position like that, I am calling all of you out right now, who do believe that.
EasyEs 2 years ago
John Fund is one of the brightest folks I have ever known. I knew him well in our Junior College years.
He is dealing with biased folks reacting far more with emotion than facts. Maher is doing his usual unfair twisting of what the focus of the discussion is, and never lets John put things into his own context.
The only Idiotic thing John may have done here, was to show up to this roast party.
Editorwebb2 2 years ago
one quick thought, garafalo or however the fuck you spell her name, used to be preety cute, not hot or anything, but cute, god, from away now she looks like the crypt keepers wife...anywho, i have not seen or heard someone lie more than fund in a single convo since the republican party debate
mcren1984 2 years ago
This comment has received too many negative votes show
Janeane Garofalo is a stupid cunt. She can't tell her head from her ass. Her words after the tea parties on Olbermann's show were just disgraceful. I mean, come on! And for Olbermann to just sit there while she says all that stupid shit and not take her to task is even more reflective of him.
whoo689 2 years ago
I didn't read John Fund to pass judgment on his intelligence, but from what he's stated I can concede with Bill that he's a real cynic. Even a 2nd grader P.S pre-graduate right-wing partisan would have remained profoundly silent in credence about Sarah Palin..
viloloco5 2 years ago
Isn't that typical Wall Street bullshit when he claims he didn't know the Bush Doctrine? They would rather appear incompetent because it gives them an excuse for their law-breaking. As though we're supposed to say "don't worry, he just doesn't know what he's doing".
icu812a 3 years ago 6
This comment has received too many negative votes show
Who is the idiot? Garafolo makes a dumb point and is smacked down by Fund, so her tag-team buddy Maher just jumps in with a Palin joke. This is all libs have: when caught lying or in a factual error, make a derisive joke.
brainiacgames 3 years ago
I wish pundits wouldnt discuss economics...yes, de-regulation had to do with this PARTICULAR financial crisis, but the real problem is the control of the our money supply. The money supply shouldnt be managed. The wealthy bankers control the money supply, encourage crises like this housing one to occur through artificially low interest rates, then capitalize on a low market. Dems and republicans alike need to stop calling what we have a free market, its not, its government-enforced corpratism.
jaaje29 3 years ago
They're all elitist turds. There are far too many people letting morons like these do their thinking for them.
gayouj 3 years ago
Maher sounds more like a pundit than a host.
Blank3 3 years ago
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Annoy NBC; Vote McCain!
Obama wants to spread the wealth around but only with other people's money. He won't even take care of his own aunt, who is an illegal alien and is living in public housing.
Obama = ACORN = Vote Fraud
AverageVoter 3 years ago
This comment has received too many negative votes show
Maher is a turd.
benhur55 3 years ago
I watched this episode last week. This John Fund guy is real piece of work. He has some snappy comeback for just about everything, regardless of it's merit. This guy says Sarbanes-Oxley is trivia for Palin, but would be the first guy calling for the head of a Democratic candidate who didn't know what this piece of legislation means. He's the purist example of someone who is clearly on the RNC payroll and making a fine living, while not really believing the BS that comes out of his mouth.
Umberto2 3 years ago
I'm glad Maher called him out on his propaganda BS; "you're smarter than the stupid people, but you know the stupid people will get you elected."
shellykeli 3 years ago 12
@shellykeli I fail to see what exactly he said was wrong. During the campaign Sarah Palin was judged on her intelligence and every gaffe she made was a healine on the front page of the New York Times. But of the dozens and dozens of gaffes Obama has made, none show up. Not a single thing Maher or Garafalo said had any substance or fact.
JasonCIAHudson 6 months ago
@JasonCIAHudson Having no idea what the Bush doctrine isn't a gaffe. It a trait of someone sevearly ignorant of modern american foreighn polocy. If that person is also in polotics, they are an idiot. It's like claiming to be an auto mechanic, but no knowing what an ignition system is.
Since seam to think it is OK to not know what the Bush Doctrine is, your assessment of who had substance or fact in thier statements is worthless.
monokhem 6 months ago
@monokhem First off I'm not a Sarah Palin supporter but I'm sick of the strict scrutiny applied to Sarah Palin and the adoration of Obama. Obama has made plenty of gaffes including saying America invented the automobile when Germany did, claiming Bush's policies caused the housing bubble when it was Clinton's, studdering in every "teleprompterless" speech and interview, believing tax increases cause economic growth, not to mention his radical connections... I could go on but you see my point.
JasonCIAHudson 6 months ago
@monokhem Btw learn to spell.
JasonCIAHudson 6 months ago
Fun should be de-funded. His words mean nothing. He is only repeating Karl Rove's horseshit.
tallcoolone1 3 years ago 5
the audience of this show is unbearable.
ithinkronpaulissmart 3 years ago
thats because your a republican duuuuuuuuuuuuuh
09088908 3 years ago 3
I'm actually not a republican.
ithinkronpaulissmart 3 years ago
then ud have to say that the public is great because they are
09088908 3 years ago
what?
ithinkronpaulissmart 3 years ago
u should say that the audience is great, cause ud agree with what the people are sayin. that audience goes ooooh or aaaaah everytime the consevative dude is being dis, so if you like that the conservative is bein dis, u should say that the audience is great
09088908 3 years ago
John Fund is an IDIOT
tubenoob101 3 years ago 6