LOL - THIS FAT, CHEEZY, STUPID FUCK IS TRYING TO GET "NOTICED", BY TAKING ADVANTAGE OF AN "HORRIFIC" SITUATION - THIS PRICK COULDN'T GO "TOE-TO-TOE" WITH FUCKIN' MARK HAINES, WHILE HE WAS ALIVE !!! YEAH - TALK A BUNCHA BULLSHIT NOW THAT HE'S DEAD YOU MUTHA-FUCKIN COWARD !!!!!!!!! DIS THIS FAT PRICK ALL DAY LONG YO !!! MA-FUCKA CAN'T EVEN READ STRAIGHT !!!!! GO TO HELL STUPID FUCK !!!!!!!!!!!!!!!!!!!!!!!!!!!
@CADIEUXGR This video with Cenk takin' shots at Haines was made in 3/2009. Haines died in 5/2011, retard. Too bad there is no medicine for stupid coz you need a double-dose, shit-for-brains!
WHO IS THIS FAT FUCKING WANNABE ??? AND did anybody write a script for THIS FUCKHEAD - OBVIOUSLY NOOOOOOOOOOOOOT !!!!!!!!!!!!!!!!!!! AS THO, THIS FAT PRICK, COULD POSSIBLY KNOW ONE THING THAT HAINES DIDN'T KNOW !! GO EAT SOME MORE KRISPY KREME, FAT-FUCKER !!!!!
AS ALWAYS, Mark did GREAT in this interview - I'M REALLY SURPRISED THAT HE DID NOT BUST THE SHIT OUTTA THAT DICK-HEAD'S BALLS !!! AND FO REAL - WHO THE FUCK IS THIS DICK, HOSTING THESE VIDS - HE'S DUMBSHIT TOO !!! WHAT HAPPENED, MAN ??? Got fired from the Gas Station & went into the YouTube Video Business ??? DUDE - DO YOU KNOW SHIT FROM SHYNOLA ??? FUCK-HEAD !!!!!!!!!!!!!!!!
You guys have no idea what you're talking about. Haines was one of the good guys. Opinions like this continue to make me less and less liberal. How can you be so far off the mark? Jesus.
@applby2 YOU ARE CORRECT.... Mark was one of the GOOD GUYS! He called it as he saw it, (no punches held), and he was good at his job, ....plus, then some!!!!
Mark Haines was an arrogant man who hated the working man, he cheered the collapse of the US Auto Industry and he scoffed at the notion of workers rights...
But when Wall Street was near collapse he went Back & Forth between Sorrow and Anger. It hurt him to see bigwigs hit so hard.
LOL LOOK AT ALL THSEE EPEOPLE TRYING TO TALK ABOUT HIM IN LIGHT OF HIS DEATH. THIS IS WHAT HE AND OTHERS AT CNBS SHOULD GET:
"HE WAS A TELEPROMPTER READER." THE END
I SERIOUSLY SERIOUSLY WISH HE WAS MURDERED BY SOMEONE (PROBABLY NOT) AND IF SO I WISH I CAN FIND HIM AND GLAMORIZE HIM; I WISH I WAS TEHRE WHEN HE WAS MURDERED "HELP! CALL THE POLICE!" ME: GIGGLE CHUCKLE LAUGH SMILE THEN GLAMORIZE THE PERSON WHO KILLED HIM MANY MANY TIMES
I WANNA SEE HIS DECAYING DEATH PHOTOS I THINK I DESERVE 2
@Eleetnessful I am not a believer that people should be nice simply because people die. So if you think he is an ass.... keep that opinion....But don't base it strictly on soundbites. I work in the financial field and we have crooks in this field. He was one of the few that called bullshit, what it was.....bullshit. If you base feelings on soundbites and because he worked for a "financial network"... well that speaks more negatively on you.
@Beambastic WHOAWHOAWHOAWHOAWHOAWHOAWHOAWHOAWHOA SLOW DOWN
OK
HERE'S MY SIMPLE AND ABSIC RESPONSE TO WHAT YOU SAID:
WHILE I'M NOT A HIPPIE WHO THINKS ALL FINANCIAL INSTINTUTIONS AND EXECS ARE CROOKS, THERE ARE 2 WHO DESERVE TO BE IN JAIL, LAST TIME I CHECKED THIS FAT DECAYING FUCK WAS GLAMORIZING THEM, NOT DEMANDING ANSWERS
LET THIS OVERSIZED PILLBERRY DOUGHBOY DECAY SLOW
IF I TOLD YOU WHY THIS IS A MOMENT OF HAPPINESS AND SOLACE TO ME YOU WOULDN'T BELIEVE ME SO I WON'T SAY
@Eleetnessful First, I had to split it because of character restraints. Which two "crooks" are you referring to? And how would you know if I will believe you. I don't believe or disbelieve just off the top of a comment. "Oversized Pillberry (and it's Pillsbur) Doughboy is a little classless. Stick to the actual things. If you have actual reasons to hate on him, that's fine. But he was one of the few reporters that questioned everybody.
I could cut up anybody's comments into soundbytes and make them look retarded. Look at the Santelli comment in which Tea Party was "started". 2 days before that, he was saying the banks made their bed and should lie in it. Yet, it was "the loser's mortgages" that went viral.
@Eleetnessful It didn't post both my comments.... hmm. That sucks. Anyways, before the last comment, the comment before was supposed to be something along the lines of this:
I don't believe or disbelieve what people say simply because it is said. If you have your reasons for disliking him, then so be it. However, too many people base opinions of soundbytes. If you are taking the soundbytes and basing opinions off them, then that is very simple minded and idiotic (not saying yours is the case)
@Beambastic OH OH OH OH TRUST ME THIS HAS NTOHIGN TO DO WITH SOUNDBITES IMAGINE KITTY GENEVESE BUT 1000X WORSE. THIS FAT FUCK ILLEGALLY STALKED ME EVEN BEFORE THE INCIDENT AND WHEN IT HAPPENED HE DIDNT DO SHIT; NO AMBULANCE CALL(1) INSTEAD HE SMIRKED GIGGLED SADISTICALLY (2) AND GLAMORIZED THE OWNER OF THE PLACE IN WHICH IT HAPPENED ON NUMEROUS OCCASIONS (3) AND DIDN'T STEP DOWN WHEN I DEMANDED THAT HE DO SO FOR ILLEGALLY MONITORING AND BEING A FUCKED UP SAMARITAN (4) EXTREME MOCKERY AND INSULT
@Eleetnessful Lord forgive me for what I'm about to say...... "Upon the moment of death, may this idot's (Elletnessful) soul be welcomed by Satan, and then rought in hell." HE (or SHE) IS PURE EVIL..............done! "YOU'RE FINISHED...THANKFULLY, FOREVER" no worries for the rest of us, OR MARK!
@calhoun6950 That was really really funny I started laughing so hard I had tears in my eyes. I can fully understand why you reacted that way and why you said that.
Having said all that, I want to tell you unequivocally that I am sincerely and genuinely happy this fatass pillsberry doughboy mark is dead and I hope he is in hell right now and I hope I can find his decaying body (they probably put formaldehyde on it right now so later) and spit on his face. 3 years this fat pos a fucked
@calhoun6950 up samaritan. I cannot be specific for many reasons, one of which is that via a computer and letters it'll sound unbelievably crazy, but let me just say that this fatass INTENTIONALLY or UNINTENTIONALLY (emphasis on UNINTENTIONALLY) caused me inhumane mental torment and the 3 years I will never get back in my life. I went through inhumane mental torment in part because of this fat fuck and on a more serious note, when I heard this guy died, something deep down told me that this
@calhoun6950 was by no means a coincidence. That inhumane mental torment -- needless, extreme, sadistic, sinsiter, intentional/unintentional could not have been the end of the story -- there had to have been -- somewhere, somehow, someplace, a supernatural -- if you will consequence and it manifested itself in the direct firing of chubby trish, ratface erin, and the death of this fat fuck. Again, no one will understand, but I am very happy this guy is dead. Believe it or not, this fatass
@calhoun6950 was at the BOTTOM -- actually he wasn't even on the list of those who should get punished. On the top? fatass 38+ waist ugly-face maria bimbo. This is the chief INTENTIONAL OR UNINTENTIONAL inhumane mental torturer. I'm being careful about what I want to say or be vague about. Let me just say that a mini side show is going to end highly hgihly unfavorably BECAUSE of this fat 38+ waist bimbo and the disbelief my reps other reps and the adjudicator will have. 3+ years in a void
@calhoun6950 When all this is over and those fuckups on cnbs are in prison and I can finally live (albeit with the most important phase of my life dead and a -- uhh lets say physical manifestation of one dream dead and decayed [this fat decaying fuck a kitty genevese]) I might actually write a book on this nightmare hell experience. I don't see how these arrests can be private
You know what's interesting -- I was watching the news about 4 months ago and there was this national case about
@calhoun6950 this judge who got thrown into prison because he was accepting bribes and took charges against people and grossly overstated them and thereby imposed punishments that were extreme given the nature of whatever people were accused of. This one kid was a football star and had dreams of playing football in college. Now, because of this judge, he was thrown in jail for a very very long time. He ended up stabbing himself in the heart. At first I thought: "damn..." then I thought:
@calhoun6950 "he had a weak mind" but my next ponder was much deeper and profound -- I related to that guy -- I empathized on a deep deep level. To be going somewhere -- actually going somewhere, and then having some nigger with an agenda ruining your life and now you're in jail. This isn't you get knocked out and then wake up when it's all over -- you're living every second missing out and watching your dream die -- time is a very profound thing. Imagine that kid who stabbed himself
@calhoun6950 in the heart, but much much much worse. One of many reasons I say it's much much much worse -- again, vaguely stated, is because this fat fuckin' pos decaying haines was a kitty genevese and speaks with the person, who, lets say runs that prison -- instead the court case is delayed for a decade and the court goes ahead and plays the shady legal games with the trumped up charges against this guy.
TRUST me when I say this -- if stabbing myself in the heart were painless or if any
@calhoun6950 if ANY kind of suicide were painless for that matter, I would ahve committed suicide a year and a half ago. This fat fuck haines would be a partial reason for this, not nearly as much as this fat fuck 38+ waist maria, but still part of the equation.
So you can go ahead and think I'm overreacting and being mean, but if you knew what this fuck fuck (when he was still alive) did to me INTENTIONALLY OR UNINTENTIONALLY you'd be just like me when I heard the kid who stabbed himself
THERE IS KARMA IN THIS WORLD. IT'S INTANGIBLE, BUT WHAT THESE FUCKUP-LOSER-CHARLATAN-PAPARAZZIS HAS DONE; THAT TORMENT HAD TO HAVE GONE SOMEWHERE, SOMEHOW SOMEPLACE AND THIS IS KARMA.
I HOPE HE HAS A VERY SLOW DECAYING PROCESS I WANNA TAKE PICS AND PUTEM ON THE NET
FUCKIN' FATASS PIECE OF SHIT AND OTEHRS AT CNBS I HOPE HE DIED A VERY SLOW AND PAINFUL AND AGONIZING DEATH I HOPE HIS ENTIRE FAMILY DIES LIKE HIM
@Eleetnessful Actually, Erin signed on with CNN. Secondly, he pounded on Republicans just as much and just as hard. Mark Haines even went after other CNBC anchors (him vs Jim Cramer was pretty good). He knew BOTH sides were full of shit. He knew BOTH sides had agendas. He was one of the few reasons (actually only) I actually watched CNBC.
@cmills1988 If you want to end all of these little depressions that have occured EVERY 3 to 5 years since 1970 (when Nixon took America off the gold standard) then destroy the FED!!!!! The FED is 8 PRIVATE banks - and to borrow money - the government MUST BY LAW - borrow money ONLY from The FED - so a good depression is a GREAT thing to the FED - that is why we have them so often!!!!!!
@cmills1988 You are basically saying that if the CEO of your company does NOT do well in a depression - then fire him or do NOT give him a bonus? What if ALL companies did this??? To would simply turn Wall Street into a CEO “musical chairs". Since 1970 - we have had a recession EVERY 3 to 5 years - PERIOD!!!! This is forced by the FED - the 8 PRIVATE banks that lend our gov'mt money - and guess who owns the 8 PRIVATE banks that are the FED? Rockefellers, Gettys, Carnagie, Melons, Windsors...!!
@cmills1988 I think that all of the executives that get bonuses - should get a percentage of profits (and losses) - and this must be posted. HOWEVER - if a recession or depression (like the depression NOW) is going on - then AGAIN - their bonuses must be posted. I think if they ARE NOT compensated well - even during recessions/depressions - then you will get one that does not really cares if the company does well or not - just so his check clears!!
@cmills1988 SO - still the same answer - tie their bonuses to stock performance or profits!!!!! I would GLADLY give my CEO $10 million - if he made me $100 million in a quarter - why NOT???
Young turks, you usually do a great job, but for this story you are in over your head. You don't understand how the the job market on Wall Street works and to your dismay, CNBC does. Yes, it seems rational to think the AIG investors (tax payers) should be able to set the salarys. Problem is, set them too low, all the talented people quit since its not worth their time, and now you have a company that the taxpayers have invested in with no one running it. Would you prefer that?
What I find amazing is Brad Sherman get's it right on the banker theft and then condemns people who were on a mission to bring relief to Palestinians and were MURDERED as criminals who should be prosecuted ?? WTF Brad...TIME TO CLEAN HOUSE FOLKS..NO MORE INCUMBENTS IN THE us HOUSE OF REPS IN 2010
They are missing the ENTIRE POINT!!!!!!! Most Wall Street Financiers are paid VERY LITTLE - (under $50,000 year) but they also get bonuses tied to performance!!!! If you bring me $100million - - I'll give you a $10 million bonus the company ends up with $90 million!!!!!!!!!!
And I DETEST the word "Robber barons"!!! These were the railroad barons that supplied THOUSANDS of jobs!! And they were slammed for making a lot of money!!!!!!
Totally agree with you, Young Turks. My ex brother in law used to run the subprime trading dest at a major WS institution. After contributing to the largest fiscal quarter loss in the firm's history, he resigned (sacked, anyone??). This is surprising given his sterling education and MBA (Master Bullshit Advisor) qualification. When asked how he could have performed so poorly, he said "Look, Stupido, we needed to make money." Smart and competent, these bankers? Enough said.
Peter Schiff vs mark hanes....daaaaaa!!!! "Who cares about the price of gold" I care about the price of bread, milk, a college education. Who cares about the price of gold?" What a dipshit! And this guy is a Wall St. "analyst"? Don't get me wrong, I agree with Iamamancinq, people on "main st" are bigger fools than most. This is why they overpay for most things. They buy on the way up. I would put Mark Hanes in the "main st" crowd. Although, he is an entertaining, propagandist. Not about reality.
@DillonX: people on Wall Street "need to be replaced with people from Main Street who're more concerned with our country's well-being & not overwhelmed by greed."
You mean those who bought houses they couldn't afford? Or maybe those who took out 2nd mortgages to pay for boats, vacations, or new furniture? This economic crisis started because too many on Main Street wanted more than they could afford. Greedy people live on Main Street as well as Wall Street, but nobody wants to hear that.
Excuse me for interrupting your diatribe with a pesky FACT, but...
The New York Times, Mar 21, 2009"Administration Seeks Increase in Oversight of Executive Pay"
"The new rules will cover ALL financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money."
"The Obama administration will call for increased oversight of executive pay at ALL banks, Wall Street firms and possibly other companies...."
Haines really does think the public is stupid. The irony is he is telling his audience, the public, they don't understand the complicated issue of why failure needs to be rewarded. My work is indirectly connected to working with securities. Investing is good for all involved as long as rules are in place to protect the public and those rules must have teeth. Wall Street will destroy capitalism if left to do its own bidding. Investors go away then Wall Street goes away- simple concept.
People, nilbud, who run actual banks, as in with rows of marble columns and tellers, do run legitimate businesses, as do those who run internet banks. However, most of Wall Street is essentially a casino.
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this guy's a faggot that bases his whole argument against mark haines by making fun of him. hes a fucking douche bag and should probably get hit by a bus.
they talk about USA's capitalism like the government never intervenes. the bottom line is if THEY are encouraging government not to regulate or intervene, then the government shouldnt even provide the taxpayer's bailout money to these sorry ass companies, right? These companies need someone responsible to run it. Like me :)
Have you ever had a man that is clearly disrespectful and insulting toward your own father advertise his story on youtube?
NO. So shut the fuck up
People in wall street know how to run business, businesses go through rough spots. Do you clean out the shop and replace the workers? No, you change things up, and ride it out.
Mark Haines practically gives his money away, and do not tell me that I don't know.
This man tries to be a comedian, and should be treated as such
Completely wrong shithead. Parasites in wall street know how to siphon off as much money as possible from real businesses. Bankers have NO IDEA WHATSOEVER about real business beyond some half assed business course they did back in the days. They wouldn't know how to run a corner shop or a deli and they sure as fuck made a massive honking ballsup of the economy. You stupid supperating cunt.
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Hey sir, let me know when you get a show on a main television channel and not run your show from your basement.
Getting paid for nothing? He did hours upon hours of election coverage, he is hired to do stock analysis, and went out of his way to work the election because the company needed him.
You're a nobody, with really an opinion that no one cares about. Your opinions are boisterous and loud, and lack just as much as source as you claim Mark Haines's arguments do.
Stop blaming the man for blowing the whistle on those F+++ing thieves on Wall Street. This is the kind of news coverage that people REALLY need not bull shit from Fox news.
The man is telling you that you're getting rob blind. Have you ever seen main stream media cover such stories NO. So shut the fuck up.
we should have let everything failed ,when i fail millions of dollars dont come bailing me out .i never got a bonus even when doing very well //dont get the wolf to rashen out the sheep evenly//?
Japanese executives get paid average 1.3 million a year, and most of their companies actually made a profit or limited the damage from the global recession. Wall Street Execs get paid average 12 mill. How do you justify that?
Many of the people on Wall Street need to be replaced with people from Main Street who're more concerned with our country's well-being & not overwhelmed by greed.
They have happily made fools of every American whilst mortgaging the very land, air, water and prosperity for future generations. Robber Barron's Indeed.
Would they even be having a discussion if this was a food-stamp allotment to a working family? Of COURSE not... Amount would be WELFARE. It seems like the bigger the number, the easier it is to make excuses to the American People.
Mark Haines is full of shit, and so are his clowns at CNBC. He doesn't know what he's talking about. If anything, he's spreading poison to the American people and world just like Fixed News.
@BrightWave LOL - I CAN'T FIGURE OUT WHO THE FUCK IS MORE STUPID - YOU OR THIS FAT FUCK IN THIS CHEEZY-ASS CLIP !!!!!!!! DO UR FUCKIN' HOMEWORK & STOP TALKING SMACK DUMB-FUCKER !!!!!!!! YOU & FAT FUCKIN' GREASEBALL TOO !!!!
This comment has received too many negative votesshow
Mark Haines is one of the ones on CNBC that knows what he's talking about. And the host here has a romantic view of the average american, the so-called 'commom man' that borders on the ridiculous.
Every time I've seen this clown Haines I've thought he was a smug, condenscending prick . Just watching his body language shows how superior he thinks he is. Fat fvck
But this kind of attitude was admired and promoted for the past 20+ years now. It has been galling for some of us to watch and hear Main Street types agreeing with this because they were hypnotized into thinking they could become like the robber baron bankers and looking down their noses at people who work for a living or don't work as a result of top-down economic policy.
The only REAL solution is to round up all these fucking worthless, sick, greedy CEO wall street bankers AND EVERY FUCKING MEMBER OF THEIR FAMILIES and their little fucking lapdog lobbyists and KILL every fucking single last one of them.
The super rich elite have been super rich for soooo fucking long in this country that their arrogance is sooo vast that only a tidal wave of THEIR blood will bring them to their senses.
They do not want to be run from Washington...where did they beg for the money from? Washington! Look Haines, there are plenty of talented people out on main street that can run the financial institutions. Maybe not well connected with thieves and crooks like the rest of the bluebloods that are apparently running this fiasco. Hey shitbird, main street is the names of the shareholders and if you don't like it, return the money!
I'm pretty confident that had I completed a business degree geared towards that sort of thing I could do better than some of these ceos. I think i'll stick to running a small business though, college sucks...lol
I don't know man, with the experience you got, college should be a breeze. Maybe buy a few used textbooks or something and read 'em, gain those knowledge and one day tackle college easily. I think you can do it one day, I mean you'll need it if you expand your business into something huge anyways right?
There's huge difference between small and large businesses. I'd love to do it but I always hated school, I had trouble focusing. I had a full scholarship that I turned down. I'd rather just keep doing my thing until 45 or 50 and then retire. That whole field of business is very interesting though. Some of those few lucky guys are making some excellent wages.
Obalama should cut back too. no more airforce 1, he can use a small private jet. no more stevie wonder and EWF concerts either. and let his damn wife cook dinner for once, hamburger helper for the kids
Governments should assume all businesses will behave selfishly, with unbounded greed, and with myopia, taking that into account they should regulate appropriately. Minimise government ownership, increase necessary regulation.
That's some pretty controversial ideas there. Businesses will behave selfishly? I sure don't run my that way....LOL. Too bad they didn't see this several years ago and thought an honor system would work
These Wall Street people are terrorists. They built this unregulated monster that interconnected every company with financial explosives. They are holding the world hostage and daring us to do anything other than pay them off.
Its pretty bad that police officers had to take pay cuts do to the economic meltdown, yet the people who caused it get to argue about how much extra money they should receive.
wait hold on why is my comment getting negative ratings? is what im saying not true? hey look ive got nothing against the american people dont get me wrong.all im saying is that you guys wont go bankrupt so dont sweat it.
southeast asia was in the same shithole in the late 90s.when governments wanted to revive the economies ( bailouts amongst other things) they were unanimously condemned as being irresponsible and not letting market mechanisms to work.
a bunch of said asian leaders blamed the lawlessness of the global financial markets and currency speculators who were preditorial towards small asian countries. were these countries without blame? absolutely not. were they utterly chastised for their bailout efforts? yes
look how the tables have turned. but now we have congressional hearings . suddenly zero regulation seems like a bad idea. 1 trillion dollar bailout is morally justified.
Cenk gets blinded by his anger when he talks about banks. Haines is partially right, main street couldnt run wall street, why? They dont have the knowledge. The same reason why a doctor couldnt be a *bad* engineer.
No exec, in any industry, gets paid $100k. I'm a graduate and my salary isnt far below that. Objectivity is needed, ofcourse bonuses should be restricted but, 100k-250k salary is silly for top execs. Giving them stock is a great idea, means they execs need the company to do better.
They made up 100,000. That was never suggested. Really, you believe they deserve to get paid at all? Let the market decide (job market that is). See who will pay them what they think they're worth. Would you hire them to run anything? And somebody should get them a dictionary. A bonus is compensation for work above and beyond. They should get no bonus at all.
They work, so they deserve to get paid. If they leave, the company is screwed and so are we. No, job market shouldnt decide (the job market gave them those giant undeserved bonuses) - share/debt holders should ie the govt (for now). But the govt needs to be reasonable.
Bonuses are different on wall street. Your earnings = your bonus, your salary is relatively unimportant. This is why perspective is important, bonus in say the accounting industry is completely different from the IB industry.
yes, their salarys are 'relatively unimportant' compared to the bonuses they are used to receiving. BUT their salaries are still pretty damn significant to the vast majority of us. There is this fear that this executives will leave if their bonuses are, god forbid, capped.... My god who would hire them, Mcdonalds???
dont forget, these guys bankrupted their company - they SUCK at their job, not only have they somehow kept their jobs BUT we re paying them millions also?? sound reasonable?
Compare the salary of say, a banker, to a similarly qualified worker - management consultant? - They get the same salary. Only difference is the banker can get fired at any point in time, and they can work ridiculous hours. Take the UBS LA M&A team, they worked a minimum of 16hrs a day, 7 days a week. It would be ABSURD to work as a banker if it wasn't for bonuses. You get the same salary as an accountant or consultant, etc or any other reasonable substitute.
Oh come on! Have some damned objectivity. Suck at their job? Pretty much every bank fell into this trap! No doubt they made massive mistakes, but no one else did any better.
I completely disagree with them taking those huge bonuses, but lets be reasonable.
The banking industry is at the HEART of the entire world economy, if it fails, we all fail. We're held at gun point, we have to give them millions - doesnt stop us enforcing rules for their earnings though.
OK i 'objectively' conclude that they suck at their job, how did i come to this objective conclusion? because they sunk their company. Nothing subjective about it. they bankrupted their company. So are you saying they did a good and/or ok job?
I'm saying you can't use this crisis as a guidance as to how well they are doing. If a few companies fell into this trap and others did fine, then I would completely agree. But this was industry wide, this was inter-industry. I-Banks were only one part of the puzzle, the other parts - government deregulation, credit raters, retail banks, and the mortgage consumer. At every level there was SYSTEMATIC mistakes and overlookings.
Is it really industry wide? My mother has a HELOC w/ Regions bank. They claimed they are in good shape. I am inclined to believe them. They gave everyone March off. No payment due for the month. I am willing to bet this is the first time a lot of people reading this have heard of this. Not every lending institution screwed up.
I am pretty unaware about regions bank, I live in the UK. But I know its a retail bank, which are different from investment banks (wall street). So it's kinda apples and oranges really.
ah now you are being too 'objective'. In economics pretty much everything is subjective/relative. and as such you have helped prove my point - not only did AIG go bankrupt, which for me is proof enough BUT they also did worse then their competitors, who though as you say performed badly - are still in better shape than AIG. So comparing them to other banks in the industry we find...thats right, AIG execs suck at their jobs. harsh but true. I agree 100% with everything else you stated
No, it's not as easy as that. The financial industry is huge and each level made varied degrees/types of mistakes. Most of my comments have been about IBs, not the entire financial industry.
Of course some of them were incompetent - particularly at the higher levels. This is very different from saying wall street suck.
Also, its getting annoying seeing everyone focus on the IBs, it's partial scape-goating. There are others to be blamed here, and each needs to be dealt with appropriately.
yes, and its the ones at the higher levels that i am particulary referring to, as not only are they the main culprits (by sucking) they receive much bigger bonus packages then their 'lower' less incompent, damage causing counterparts. you seem to keep backing up my point then going off on tangents...
I never said wall street sucks, although that case can be made. im leaving that one to others
Again, you can't pigeon hole all the execs, like I said before this is industry wide, and inter-industry also. Sure, there a particular execs that have completely screwed up, but to talk of them as one is just wrong. It's individuals who suck, not entire groups of people who are at the top.
now to the point of the bonuses - they are there not only as a salary booster but as an incentive. If we pay bonuses regardless of performance, even if you sink the company, what incentive that does that provide - clearly the opposite of what you intended them to. As to the bankers of AIG they are lucky to still have a job, let alone bonuses. if AIG go under, so what? another large bank and/or private investor will just buy the assets/books and fill the gap in the market. Economics 101
Although obviously this guy is a patsy for the financial "geniuses" who ran our economy into the ground, I do somewhat agree that this is a witch hunt. Should we do our utmost to limit the way these guys are looting the companies? Absolutely. But will that solve our financial problems? Not by a long shot.
The bonuses are egregious no doubt but our problems run much much deeper than that. This all is distracting us from the real issues.
Oh please. They TOOK the money. I mean, when they talk about "losing money," it's not as if the money disappeared, as if it ceased to exist. They should make money based on their successes; how do they end up up richer while the market crashes? Because they TOOK the MONEY. That IS the real issue. I hate this pretense that it's all too complex to understand. It's simple.
Listen calm down, 10 - 2. You're right they did take the money. And you're right these people should be "punished" somehow. But we also need to address the real problems we have. Punishing them isn't going to save the market, even if it will make us feel a little better.
Yes the part where they take bonuses they don't deserve is simple. But the bonuses aren't the real problem. The bonuses aren't why the economy is tanking.
Well, Cenk just said in another video it's Thomas Jefferson not Andrew Jackson. Not a armed revolution, but how about everyone just not go work or something.
cnbc better since that idiot died.
pierrelarouge 5 months ago
LOL - THIS FAT, CHEEZY, STUPID FUCK IS TRYING TO GET "NOTICED", BY TAKING ADVANTAGE OF AN "HORRIFIC" SITUATION - THIS PRICK COULDN'T GO "TOE-TO-TOE" WITH FUCKIN' MARK HAINES, WHILE HE WAS ALIVE !!! YEAH - TALK A BUNCHA BULLSHIT NOW THAT HE'S DEAD YOU MUTHA-FUCKIN COWARD !!!!!!!!! DIS THIS FAT PRICK ALL DAY LONG YO !!! MA-FUCKA CAN'T EVEN READ STRAIGHT !!!!! GO TO HELL STUPID FUCK !!!!!!!!!!!!!!!!!!!!!!!!!!!
CADIEUXGR 7 months ago
@CADIEUXGR This video with Cenk takin' shots at Haines was made in 3/2009. Haines died in 5/2011, retard. Too bad there is no medicine for stupid coz you need a double-dose, shit-for-brains!
trenchf00t88 6 months ago
Cenk is 100% correct.
HellohKIDDIE 8 months ago
WHO IS THIS FAT FUCKING WANNABE ??? AND did anybody write a script for THIS FUCKHEAD - OBVIOUSLY NOOOOOOOOOOOOOT !!!!!!!!!!!!!!!!!!! AS THO, THIS FAT PRICK, COULD POSSIBLY KNOW ONE THING THAT HAINES DIDN'T KNOW !! GO EAT SOME MORE KRISPY KREME, FAT-FUCKER !!!!!
CADIEUXGR 8 months ago
AS ALWAYS, Mark did GREAT in this interview - I'M REALLY SURPRISED THAT HE DID NOT BUST THE SHIT OUTTA THAT DICK-HEAD'S BALLS !!! AND FO REAL - WHO THE FUCK IS THIS DICK, HOSTING THESE VIDS - HE'S DUMBSHIT TOO !!! WHAT HAPPENED, MAN ??? Got fired from the Gas Station & went into the YouTube Video Business ??? DUDE - DO YOU KNOW SHIT FROM SHYNOLA ??? FUCK-HEAD !!!!!!!!!!!!!!!!
CADIEUXGR 8 months ago
You guys have no idea what you're talking about. Haines was one of the good guys. Opinions like this continue to make me less and less liberal. How can you be so far off the mark? Jesus.
applby2 8 months ago
@applby2 YOU ARE CORRECT.... Mark was one of the GOOD GUYS! He called it as he saw it, (no punches held), and he was good at his job, ....plus, then some!!!!
calhoun6950 8 months ago
FUCK YOU!
mypalrocco 8 months ago
stick with the social left wing issues, thats when I agree with you.
But when you talk about wall street, you look like 2 year old. you're a dumbass when it comes to the economy.
HPhenomenal 8 months ago 3
And now all my responses showed up. 2nd time Youtube has glitched.
Beambastic 8 months ago
This has been flagged as spam show
RIP Corporate Tool.
Mark Haines was an arrogant man who hated the working man, he cheered the collapse of the US Auto Industry and he scoffed at the notion of workers rights...
But when Wall Street was near collapse he went Back & Forth between Sorrow and Anger. It hurt him to see bigwigs hit so hard.
Why pretend he was something he wasn't?
Truth4Power 8 months ago
you're a jackass
therobax99 8 months ago
LOL LOOK AT ALL THSEE EPEOPLE TRYING TO TALK ABOUT HIM IN LIGHT OF HIS DEATH. THIS IS WHAT HE AND OTHERS AT CNBS SHOULD GET:
"HE WAS A TELEPROMPTER READER." THE END
I SERIOUSLY SERIOUSLY WISH HE WAS MURDERED BY SOMEONE (PROBABLY NOT) AND IF SO I WISH I CAN FIND HIM AND GLAMORIZE HIM; I WISH I WAS TEHRE WHEN HE WAS MURDERED "HELP! CALL THE POLICE!" ME: GIGGLE CHUCKLE LAUGH SMILE THEN GLAMORIZE THE PERSON WHO KILLED HIM MANY MANY TIMES
I WANNA SEE HIS DECAYING DEATH PHOTOS I THINK I DESERVE 2
Eleetnessful 8 months ago
@Eleetnessful I am not a believer that people should be nice simply because people die. So if you think he is an ass.... keep that opinion....But don't base it strictly on soundbites. I work in the financial field and we have crooks in this field. He was one of the few that called bullshit, what it was.....bullshit. If you base feelings on soundbites and because he worked for a "financial network"... well that speaks more negatively on you.
Beambastic 8 months ago
@Beambastic WHOAWHOAWHOAWHOAWHOAWHOAWHOAWHOAWHOA SLOW DOWN
OK
HERE'S MY SIMPLE AND ABSIC RESPONSE TO WHAT YOU SAID:
WHILE I'M NOT A HIPPIE WHO THINKS ALL FINANCIAL INSTINTUTIONS AND EXECS ARE CROOKS, THERE ARE 2 WHO DESERVE TO BE IN JAIL, LAST TIME I CHECKED THIS FAT DECAYING FUCK WAS GLAMORIZING THEM, NOT DEMANDING ANSWERS
LET THIS OVERSIZED PILLBERRY DOUGHBOY DECAY SLOW
IF I TOLD YOU WHY THIS IS A MOMENT OF HAPPINESS AND SOLACE TO ME YOU WOULDN'T BELIEVE ME SO I WON'T SAY
Eleetnessful 8 months ago
@Eleetnessful First, I had to split it because of character restraints. Which two "crooks" are you referring to? And how would you know if I will believe you. I don't believe or disbelieve just off the top of a comment. "Oversized Pillberry (and it's Pillsbur) Doughboy is a little classless. Stick to the actual things. If you have actual reasons to hate on him, that's fine. But he was one of the few reporters that questioned everybody.
Beambastic 8 months ago
@Eleetnessful
I could cut up anybody's comments into soundbytes and make them look retarded. Look at the Santelli comment in which Tea Party was "started". 2 days before that, he was saying the banks made their bed and should lie in it. Yet, it was "the loser's mortgages" that went viral.
Beambastic 8 months ago
@Beambastic wth r u talking about bud
Eleetnessful 8 months ago
@Eleetnessful It didn't post both my comments.... hmm. That sucks. Anyways, before the last comment, the comment before was supposed to be something along the lines of this:
I don't believe or disbelieve what people say simply because it is said. If you have your reasons for disliking him, then so be it. However, too many people base opinions of soundbytes. If you are taking the soundbytes and basing opinions off them, then that is very simple minded and idiotic (not saying yours is the case)
Beambastic 8 months ago
@Beambastic OH OH OH OH TRUST ME THIS HAS NTOHIGN TO DO WITH SOUNDBITES IMAGINE KITTY GENEVESE BUT 1000X WORSE. THIS FAT FUCK ILLEGALLY STALKED ME EVEN BEFORE THE INCIDENT AND WHEN IT HAPPENED HE DIDNT DO SHIT; NO AMBULANCE CALL(1) INSTEAD HE SMIRKED GIGGLED SADISTICALLY (2) AND GLAMORIZED THE OWNER OF THE PLACE IN WHICH IT HAPPENED ON NUMEROUS OCCASIONS (3) AND DIDN'T STEP DOWN WHEN I DEMANDED THAT HE DO SO FOR ILLEGALLY MONITORING AND BEING A FUCKED UP SAMARITAN (4) EXTREME MOCKERY AND INSULT
Eleetnessful 8 months ago 2
@Eleetnessful Lord forgive me for what I'm about to say...... "Upon the moment of death, may this idot's (Elletnessful) soul be welcomed by Satan, and then rought in hell." HE (or SHE) IS PURE EVIL..............done! "YOU'RE FINISHED...THANKFULLY, FOREVER" no worries for the rest of us, OR MARK!
calhoun6950 8 months ago
@calhoun6950 LOL HAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAH
HAHAHAHAHAHAHAHAHAHAHAHA
HAHAHAHHAHAHAHAHAHA
THAT WAS GOOD LOLL
"ELLETNESSFUL" LOLOLOLOLOLOL HAHAHAHAHAHAHHAHAHAHAHA
ROFLROFLROFLMAO
HEHEHEHEHEHEHEHHEH XDDDDDDDDDDDD
LOLLLLLLLLL
Eleetnessful 8 months ago
@calhoun6950 That was really really funny I started laughing so hard I had tears in my eyes. I can fully understand why you reacted that way and why you said that.
Having said all that, I want to tell you unequivocally that I am sincerely and genuinely happy this fatass pillsberry doughboy mark is dead and I hope he is in hell right now and I hope I can find his decaying body (they probably put formaldehyde on it right now so later) and spit on his face. 3 years this fat pos a fucked
Eleetnessful 8 months ago
@calhoun6950 up samaritan. I cannot be specific for many reasons, one of which is that via a computer and letters it'll sound unbelievably crazy, but let me just say that this fatass INTENTIONALLY or UNINTENTIONALLY (emphasis on UNINTENTIONALLY) caused me inhumane mental torment and the 3 years I will never get back in my life. I went through inhumane mental torment in part because of this fat fuck and on a more serious note, when I heard this guy died, something deep down told me that this
Eleetnessful 8 months ago
@calhoun6950 was by no means a coincidence. That inhumane mental torment -- needless, extreme, sadistic, sinsiter, intentional/unintentional could not have been the end of the story -- there had to have been -- somewhere, somehow, someplace, a supernatural -- if you will consequence and it manifested itself in the direct firing of chubby trish, ratface erin, and the death of this fat fuck. Again, no one will understand, but I am very happy this guy is dead. Believe it or not, this fatass
Eleetnessful 8 months ago
@calhoun6950 was at the BOTTOM -- actually he wasn't even on the list of those who should get punished. On the top? fatass 38+ waist ugly-face maria bimbo. This is the chief INTENTIONAL OR UNINTENTIONAL inhumane mental torturer. I'm being careful about what I want to say or be vague about. Let me just say that a mini side show is going to end highly hgihly unfavorably BECAUSE of this fat 38+ waist bimbo and the disbelief my reps other reps and the adjudicator will have. 3+ years in a void
Eleetnessful 8 months ago
@calhoun6950 When all this is over and those fuckups on cnbs are in prison and I can finally live (albeit with the most important phase of my life dead and a -- uhh lets say physical manifestation of one dream dead and decayed [this fat decaying fuck a kitty genevese]) I might actually write a book on this nightmare hell experience. I don't see how these arrests can be private
You know what's interesting -- I was watching the news about 4 months ago and there was this national case about
Eleetnessful 8 months ago
@calhoun6950 this judge who got thrown into prison because he was accepting bribes and took charges against people and grossly overstated them and thereby imposed punishments that were extreme given the nature of whatever people were accused of. This one kid was a football star and had dreams of playing football in college. Now, because of this judge, he was thrown in jail for a very very long time. He ended up stabbing himself in the heart. At first I thought: "damn..." then I thought:
Eleetnessful 8 months ago
@calhoun6950 "he had a weak mind" but my next ponder was much deeper and profound -- I related to that guy -- I empathized on a deep deep level. To be going somewhere -- actually going somewhere, and then having some nigger with an agenda ruining your life and now you're in jail. This isn't you get knocked out and then wake up when it's all over -- you're living every second missing out and watching your dream die -- time is a very profound thing. Imagine that kid who stabbed himself
Eleetnessful 8 months ago
@calhoun6950 in the heart, but much much much worse. One of many reasons I say it's much much much worse -- again, vaguely stated, is because this fat fuckin' pos decaying haines was a kitty genevese and speaks with the person, who, lets say runs that prison -- instead the court case is delayed for a decade and the court goes ahead and plays the shady legal games with the trumped up charges against this guy.
TRUST me when I say this -- if stabbing myself in the heart were painless or if any
Eleetnessful 8 months ago
@calhoun6950 if ANY kind of suicide were painless for that matter, I would ahve committed suicide a year and a half ago. This fat fuck haines would be a partial reason for this, not nearly as much as this fat fuck 38+ waist maria, but still part of the equation.
So you can go ahead and think I'm overreacting and being mean, but if you knew what this fuck fuck (when he was still alive) did to me INTENTIONALLY OR UNINTENTIONALLY you'd be just like me when I heard the kid who stabbed himself
Eleetnessful 8 months ago
MARK HAINES: DEAD
CHUBBY TRISH REGAN: FIRED
UFLY RATFACE ERIN: FIRED
MORE TO COME
THERE IS KARMA IN THIS WORLD. IT'S INTANGIBLE, BUT WHAT THESE FUCKUP-LOSER-CHARLATAN-PAPARAZZIS HAS DONE; THAT TORMENT HAD TO HAVE GONE SOMEWHERE, SOMEHOW SOMEPLACE AND THIS IS KARMA.
I HOPE HE HAS A VERY SLOW DECAYING PROCESS I WANNA TAKE PICS AND PUTEM ON THE NET
FUCKIN' FATASS PIECE OF SHIT AND OTEHRS AT CNBS I HOPE HE DIED A VERY SLOW AND PAINFUL AND AGONIZING DEATH I HOPE HIS ENTIRE FAMILY DIES LIKE HIM
Eleetnessful 8 months ago
@Eleetnessful Actually, Erin signed on with CNN. Secondly, he pounded on Republicans just as much and just as hard. Mark Haines even went after other CNBC anchors (him vs Jim Cramer was pretty good). He knew BOTH sides were full of shit. He knew BOTH sides had agendas. He was one of the few reasons (actually only) I actually watched CNBC.
Beambastic 8 months ago
@cmills1988 If you want to end all of these little depressions that have occured EVERY 3 to 5 years since 1970 (when Nixon took America off the gold standard) then destroy the FED!!!!! The FED is 8 PRIVATE banks - and to borrow money - the government MUST BY LAW - borrow money ONLY from The FED - so a good depression is a GREAT thing to the FED - that is why we have them so often!!!!!!
Earthlinked 10 months ago
@cmills1988 You are basically saying that if the CEO of your company does NOT do well in a depression - then fire him or do NOT give him a bonus? What if ALL companies did this??? To would simply turn Wall Street into a CEO “musical chairs". Since 1970 - we have had a recession EVERY 3 to 5 years - PERIOD!!!! This is forced by the FED - the 8 PRIVATE banks that lend our gov'mt money - and guess who owns the 8 PRIVATE banks that are the FED? Rockefellers, Gettys, Carnagie, Melons, Windsors...!!
Earthlinked 10 months ago
@cmills1988 I think that all of the executives that get bonuses - should get a percentage of profits (and losses) - and this must be posted. HOWEVER - if a recession or depression (like the depression NOW) is going on - then AGAIN - their bonuses must be posted. I think if they ARE NOT compensated well - even during recessions/depressions - then you will get one that does not really cares if the company does well or not - just so his check clears!!
Earthlinked 10 months ago
@cmills1988 SO - still the same answer - tie their bonuses to stock performance or profits!!!!! I would GLADLY give my CEO $10 million - if he made me $100 million in a quarter - why NOT???
Earthlinked 10 months ago
Young turks, you usually do a great job, but for this story you are in over your head. You don't understand how the the job market on Wall Street works and to your dismay, CNBC does. Yes, it seems rational to think the AIG investors (tax payers) should be able to set the salarys. Problem is, set them too low, all the talented people quit since its not worth their time, and now you have a company that the taxpayers have invested in with no one running it. Would you prefer that?
TeeEmm321 1 year ago
This has been flagged as spam show
BREAKING NEWS: CNBC AND FOXBUSINESS ANCHORS ARRESTED FOR ILLEGALLY ACCESSING AND MONITORING PRIVATE EMAILS AND PHONE CALLS.
THIS IS GOING TO HAPPEN SOON TELL EVERYONE YOU KNOW THIS IS NOT A JOKE.
111WLee 1 year ago
Something else YOUTUBE YOUR GREED IS RUINING YOUR SITE BY FORCING PEOPLE TO WATCH THESE BULLSHIT COMMERCIALS BEFORE VIDEOS.
MrRiceowlex 1 year ago
What I find amazing is Brad Sherman get's it right on the banker theft and then condemns people who were on a mission to bring relief to Palestinians and were MURDERED as criminals who should be prosecuted ?? WTF Brad...TIME TO CLEAN HOUSE FOLKS..NO MORE INCUMBENTS IN THE us HOUSE OF REPS IN 2010
MrRiceowlex 1 year ago
This has been flagged as spam show
thumbs up if you hate justin bieber! i will kill justin bieber
crap on his face and piss on his tombstone
then i will stick toothpicks into his fans eyes so they all can see this happen
InternetBully1 1 year ago
They are missing the ENTIRE POINT!!!!!!! Most Wall Street Financiers are paid VERY LITTLE - (under $50,000 year) but they also get bonuses tied to performance!!!! If you bring me $100million - - I'll give you a $10 million bonus the company ends up with $90 million!!!!!!!!!!
And I DETEST the word "Robber barons"!!! These were the railroad barons that supplied THOUSANDS of jobs!! And they were slammed for making a lot of money!!!!!!
Earthlinked 1 year ago
The host of this show knows his shit.
thehouseofhoops 1 year ago
Totally agree with you, Young Turks. My ex brother in law used to run the subprime trading dest at a major WS institution. After contributing to the largest fiscal quarter loss in the firm's history, he resigned (sacked, anyone??). This is surprising given his sterling education and MBA (Master Bullshit Advisor) qualification. When asked how he could have performed so poorly, he said "Look, Stupido, we needed to make money." Smart and competent, these bankers? Enough said.
carrollcrescent 1 year ago
Peter Schiff vs mark hanes....daaaaaa!!!! "Who cares about the price of gold" I care about the price of bread, milk, a college education. Who cares about the price of gold?" What a dipshit! And this guy is a Wall St. "analyst"? Don't get me wrong, I agree with Iamamancinq, people on "main st" are bigger fools than most. This is why they overpay for most things. They buy on the way up. I would put Mark Hanes in the "main st" crowd. Although, he is an entertaining, propagandist. Not about reality.
ktmadventure2 2 years ago
@DillonX: people on Wall Street "need to be replaced with people from Main Street who're more concerned with our country's well-being & not overwhelmed by greed."
You mean those who bought houses they couldn't afford? Or maybe those who took out 2nd mortgages to pay for boats, vacations, or new furniture? This economic crisis started because too many on Main Street wanted more than they could afford. Greedy people live on Main Street as well as Wall Street, but nobody wants to hear that.
lamamancinq 2 years ago
Excuse me for interrupting your diatribe with a pesky FACT, but...
The New York Times, Mar 21, 2009"Administration Seeks Increase in Oversight of Executive Pay"
"The new rules will cover ALL financial institutions, including those not now covered by any pay rules because they are not receiving federal bailout money."
"The Obama administration will call for increased oversight of executive pay at ALL banks, Wall Street firms and possibly other companies...."
Who is making things up now?
lamamancinq 2 years ago 2
Busted! lol
RangerMcFriendlie 2 years ago
Haines really does think the public is stupid. The irony is he is telling his audience, the public, they don't understand the complicated issue of why failure needs to be rewarded. My work is indirectly connected to working with securities. Investing is good for all involved as long as rules are in place to protect the public and those rules must have teeth. Wall Street will destroy capitalism if left to do its own bidding. Investors go away then Wall Street goes away- simple concept.
billoakesattablthree 2 years ago
People, nilbud, who run actual banks, as in with rows of marble columns and tellers, do run legitimate businesses, as do those who run internet banks. However, most of Wall Street is essentially a casino.
4400735 2 years ago
your shows kick ass, I'm from Canada, and we LOVE IT!!!!!
If you guys disagree with Young Turks, you guys have zero common sense.
Mark hains porftolio went to zero thats why, he has STOCK in AIG at 60 and it wetn to 10cents, hahaahahah
AmritSinghAuja 2 years ago
ignorance is bliss on this planet....satan clouds reality,its all rigged by him. this shit planet belongs to him
neilzep 2 years ago
Every CNBC host is a dick.
It's their MO.
leeroynaggins 2 years ago
also, i love how hes reading all of this off a screen, if youre gunna bash somone, be original, scumbag.
blancotron 2 years ago
This comment has received too many negative votes show
this guy's a faggot that bases his whole argument against mark haines by making fun of him. hes a fucking douche bag and should probably get hit by a bus.
blancotron 2 years ago
mark is right, they would all just go to london and USA would lose all that tax revenue
dave997 2 years ago
Wall Street bankers know neoclassical economics better than anyone. They were cherry picked out of the best schools.
The problem is that neoclassical economics is a bullshit system, bound to fail.
hammer231984 2 years ago
YOUR AN IDIOT
skinsrulethenfl 2 years ago
i think that guy should run for president. he's so right on most the time. he seems to lean to the left a little bit but i bet he'd help a lot.
qweqqweqbt 2 years ago 2
"butt buddies on wall street"
oldhacks 2 years ago
You have many very good points here!! And your pretty funny LoL
NarutoCuti 2 years ago 3
If the last eight years have proven anything it's that unfettered capitalism is more dangerous than terrorism.
duhCider 2 years ago 5
they talk about USA's capitalism like the government never intervenes. the bottom line is if THEY are encouraging government not to regulate or intervene, then the government shouldnt even provide the taxpayer's bailout money to these sorry ass companies, right? These companies need someone responsible to run it. Like me :)
xlazngarnettlx 2 years ago
or bruce wayne
seestickglue232 2 years ago
foul!
alexmigda 2 years ago
good clip yt
DarkestOne7 2 years ago
Have you ever had a man that is clearly disrespectful and insulting toward your own father advertise his story on youtube?
NO. So shut the fuck up
People in wall street know how to run business, businesses go through rough spots. Do you clean out the shop and replace the workers? No, you change things up, and ride it out.
Mark Haines practically gives his money away, and do not tell me that I don't know.
This man tries to be a comedian, and should be treated as such
chguachugatutut 2 years ago
Completely wrong shithead. Parasites in wall street know how to siphon off as much money as possible from real businesses. Bankers have NO IDEA WHATSOEVER about real business beyond some half assed business course they did back in the days. They wouldn't know how to run a corner shop or a deli and they sure as fuck made a massive honking ballsup of the economy. You stupid supperating cunt.
nilbud 2 years ago
This comment has received too many negative votes show
Hey sir, let me know when you get a show on a main television channel and not run your show from your basement.
Getting paid for nothing? He did hours upon hours of election coverage, he is hired to do stock analysis, and went out of his way to work the election because the company needed him.
You're a nobody, with really an opinion that no one cares about. Your opinions are boisterous and loud, and lack just as much as source as you claim Mark Haines's arguments do.
chguachugatutut 2 years ago
Stop blaming the man for blowing the whistle on those F+++ing thieves on Wall Street. This is the kind of news coverage that people REALLY need not bull shit from Fox news.
The man is telling you that you're getting rob blind. Have you ever seen main stream media cover such stories NO. So shut the fuck up.
llcasanova 2 years ago 8
This comment has received too many negative votes show
i used to like this douche bag until now...fuck u for talking shit on mark haines hes the man
Dan52012 2 years ago
witch-huntery, my new fav term
dubbleplusgood 2 years ago
tyt is probably the only news source i watch now and i live in the uk. tells you something about journalism in the west.
hume12345 2 years ago
Same with me man, BBC is terrible.
NorthernComfort 2 years ago
we should have let everything failed ,when i fail millions of dollars dont come bailing me out .i never got a bonus even when doing very well //dont get the wolf to rashen out the sheep evenly//?
tonmagicwon 2 years ago
this is witch-huntery?!
monkeycasket 2 years ago
This guy is a moron. Some twit on a local TV show calling other people a moron. What a douche.
bsd300d 2 years ago
Japanese executives get paid average 1.3 million a year, and most of their companies actually made a profit or limited the damage from the global recession. Wall Street Execs get paid average 12 mill. How do you justify that?
numbergirl7 2 years ago 4
Main street people are stupid.
95% of Americans are stupid.
Only Wall Street people are smart enough to run the economy properly and keep us out of trouble.
WHAT?
DillonX 2 years ago
those people are so dam greedy.they don't give a shit about the entire economy collapsing-as long as they keep getting richer.they're assholes
anyway,cenk is the man
dontfuckwithmeman 2 years ago 6
Why isnt it a revolution, heads need to roll.
Gripen1974 2 years ago 2
We have to start it
debunkingdebunkers 2 years ago
Many of the people on Wall Street need to be replaced with people from Main Street who're more concerned with our country's well-being & not overwhelmed by greed.
DillonX 2 years ago
Mark Haines should Madoff in prison enough said.
ahantu 2 years ago 2
They have happily made fools of every American whilst mortgaging the very land, air, water and prosperity for future generations. Robber Barron's Indeed.
darkkittycry 2 years ago 2
Would they even be having a discussion if this was a food-stamp allotment to a working family? Of COURSE not... Amount would be WELFARE. It seems like the bigger the number, the easier it is to make excuses to the American People.
darkkittycry 2 years ago
exactly cenk- ask a tax pay-IE an invester of tarp recieving companies...
I say NO BONUS UNTIL WE ARE PAID BACK. If the gov can step in and adjust union contracts...how is this different?
jaim12005 2 years ago 3
Mark Haines is full of shit, and so are his clowns at CNBC. He doesn't know what he's talking about. If anything, he's spreading poison to the American people and world just like Fixed News.
BrightWave 2 years ago 7
@BrightWave LOL - I CAN'T FIGURE OUT WHO THE FUCK IS MORE STUPID - YOU OR THIS FAT FUCK IN THIS CHEEZY-ASS CLIP !!!!!!!! DO UR FUCKIN' HOMEWORK & STOP TALKING SMACK DUMB-FUCKER !!!!!!!! YOU & FAT FUCKIN' GREASEBALL TOO !!!!
CADIEUXGR 7 months ago
This comment has received too many negative votes show
Mark Haines is one of the ones on CNBC that knows what he's talking about. And the host here has a romantic view of the average american, the so-called 'commom man' that borders on the ridiculous.
franksnow79 2 years ago
yes cenk get angry!!! thats what i wanna freaking see because you represent the many that agree with you
amp1616 2 years ago 7
This might be the first time Cenk got more upset than me!!! LOL, it's actually refreshing to see someone getting upset other than me. Thank you Cenk!
dirtynas 2 years ago 5
the media and journalist in America is a disgrace
bdyan1 2 years ago 3
fire them all and let Obamba's tax evading cabinet run Wall St.
pulsar00815 2 years ago
Hm. They are kind of the masters of the universe.
Cheshirecatmeow1 2 years ago
No, the businessmen would not go overseas if you mean to other industrialized countries because they all have a higher tax rate on the super-rich.
DillonX 2 years ago 3
It would have been great if Mark Haines had finished with this-
"It's easy to grin
when your ship comes in
and you've got the stock market beat.
But the man worthwhile is the man who can smile
when his shorts are too tight in the seat...
ah-ha-ha-ha. OK, Pookie, do the honors."
quinn2469 2 years ago
The bank I go to is locally owned, doing just fine in this recession. It's nice to live in a town nearly free of wall street influence.
SkaProphet 2 years ago 3
Every time I've seen this clown Haines I've thought he was a smug, condenscending prick . Just watching his body language shows how superior he thinks he is. Fat fvck
ollowert 2 years ago 4
But this kind of attitude was admired and promoted for the past 20+ years now. It has been galling for some of us to watch and hear Main Street types agreeing with this because they were hypnotized into thinking they could become like the robber baron bankers and looking down their noses at people who work for a living or don't work as a result of top-down economic policy.
hollywoodartchick 2 years ago
Its my bosses money that pays my wage... so he sets my wage...so I take it or leave it
OOOOO SCARY.
stuartjamesgemmell 2 years ago
did he say witchcuntery?
daniel1402002 2 years ago
fuck mothers fuckers on wall street
cutecrimnal143 2 years ago
Those poor bankers...
It makes me wonder why America is even doing a bailout.
qanazir 2 years ago
Wall Street and the politicians have caused an economic calamity, I don't think either is willing or able to fix this mess
tico8007 2 years ago
Butt Buddies! - lololololololololololoolo
ryanmitchell93 2 years ago 4
How does a mutual fund work?
You keep sending in money until you have none left.
Paetaor 2 years ago
If you set fire to AIG you would be running it better.
If AIG started selling Iranian flags it would be running it better.
Fuck sake hiring a Bin Laden Hitler hybrid would be better.
Mjhavok 2 years ago
Plebians... hahahahahahahahaha.. I WILL find a way to work that into my next convo. :) Love ya, Cenk.
elfielvr 2 years ago
I've said before and I'll say it again.
The only REAL solution is to round up all these fucking worthless, sick, greedy CEO wall street bankers AND EVERY FUCKING MEMBER OF THEIR FAMILIES and their little fucking lapdog lobbyists and KILL every fucking single last one of them.
The super rich elite have been super rich for soooo fucking long in this country that their arrogance is sooo vast that only a tidal wave of THEIR blood will bring them to their senses.
HulkSmashPunyHumans 2 years ago
POWER TO THE PEOPLE; CLASS WARS WOOP WOOP.
Shut up dickhead
jazzjackrabbits 2 years ago
Or what?!
You'll type "Shut up dickhead" again? Because that's not going to work bitch.
HulkSmashPunyHumans 2 years ago
Lol that Democrat representative OWNED that arrogant jack@ss. Didn't even stutter in telling the dumbass to fuck off.
PrUnEJuIcEtHeThIrD 2 years ago
nothing to add 5/5
yes4me 2 years ago
there is only one answer for the rich.
znotty 2 years ago
get these guys outta there, just fire these f-ing executives, we should have that power now
BuffyFanUK 2 years ago
Definition of a wallstreet exec:
Greedy bastard who'll do anything to make money, and expect the taxpayer to pay off the debts after he runs the corporation into the ground.
kymystic65 2 years ago
They do not want to be run from Washington...where did they beg for the money from? Washington! Look Haines, there are plenty of talented people out on main street that can run the financial institutions. Maybe not well connected with thieves and crooks like the rest of the bluebloods that are apparently running this fiasco. Hey shitbird, main street is the names of the shareholders and if you don't like it, return the money!
jengacrock 2 years ago
I'm pretty confident that had I completed a business degree geared towards that sort of thing I could do better than some of these ceos. I think i'll stick to running a small business though, college sucks...lol
jsg103 2 years ago
I don't know man, with the experience you got, college should be a breeze. Maybe buy a few used textbooks or something and read 'em, gain those knowledge and one day tackle college easily. I think you can do it one day, I mean you'll need it if you expand your business into something huge anyways right?
Vash1202 2 years ago
There's huge difference between small and large businesses. I'd love to do it but I always hated school, I had trouble focusing. I had a full scholarship that I turned down. I'd rather just keep doing my thing until 45 or 50 and then retire. That whole field of business is very interesting though. Some of those few lucky guys are making some excellent wages.
jsg103 2 years ago
BOOM, I've never seen a guy so wrong and one so cleary right.
carl1212 2 years ago
Obalama should cut back too. no more airforce 1, he can use a small private jet. no more stevie wonder and EWF concerts either. and let his damn wife cook dinner for once, hamburger helper for the kids
pulsar00815 2 years ago
You know what that is called? DEMOCRACY. Yeah, and they are scared to death of it.
Robfenix 2 years ago
TYT ... one of the few news stations worth watching. Great job once again guys.
AngryRaptor 2 years ago
CNBC = Destroyed by Jon Stewart
R.I.P muthafuckers
fanaticmoron 2 years ago 2
My conclusion from these past 2 yrs:
Governments should assume all businesses will behave selfishly, with unbounded greed, and with myopia, taking that into account they should regulate appropriately. Minimise government ownership, increase necessary regulation.
Luxmans 2 years ago
That's some pretty controversial ideas there. Businesses will behave selfishly? I sure don't run my that way....LOL. Too bad they didn't see this several years ago and thought an honor system would work
jsg103 2 years ago
These Wall Street people are terrorists. They built this unregulated monster that interconnected every company with financial explosives. They are holding the world hostage and daring us to do anything other than pay them off.
duncan36 2 years ago
LOL, great analogy. Where do these refs get off calling fouls? Who do they think they are?
dookdawg214 2 years ago
CNBC = Wall Street Propagandists
Every thing in America is a lie.
darealdjnutz 2 years ago 2
Its pretty bad that police officers had to take pay cuts do to the economic meltdown, yet the people who caused it get to argue about how much extra money they should receive.
TheDalinkwent 2 years ago
rip em a new one cenk
cammerouge 2 years ago
wait hold on why is my comment getting negative ratings? is what im saying not true? hey look ive got nothing against the american people dont get me wrong.all im saying is that you guys wont go bankrupt so dont sweat it.
southeast asia was in the same shithole in the late 90s.when governments wanted to revive the economies ( bailouts amongst other things) they were unanimously condemned as being irresponsible and not letting market mechanisms to work.
mooze967 2 years ago
a bunch of said asian leaders blamed the lawlessness of the global financial markets and currency speculators who were preditorial towards small asian countries. were these countries without blame? absolutely not. were they utterly chastised for their bailout efforts? yes
look how the tables have turned. but now we have congressional hearings . suddenly zero regulation seems like a bad idea. 1 trillion dollar bailout is morally justified.
dont sweat it. america wont go bankrupt
mooze967 2 years ago
7:10 SOOOOOO right!!!
SmackNcrack01 2 years ago
we need to get rid of wall street.
checkurself 2 years ago
I feel so in touch with everything you're saying. I'm really disappointed in Obama
Starmexus84 2 years ago
Cenk gets blinded by his anger when he talks about banks. Haines is partially right, main street couldnt run wall street, why? They dont have the knowledge. The same reason why a doctor couldnt be a *bad* engineer.
No exec, in any industry, gets paid $100k. I'm a graduate and my salary isnt far below that. Objectivity is needed, ofcourse bonuses should be restricted but, 100k-250k salary is silly for top execs. Giving them stock is a great idea, means they execs need the company to do better.
Luxmans 2 years ago
They made up 100,000. That was never suggested. Really, you believe they deserve to get paid at all? Let the market decide (job market that is). See who will pay them what they think they're worth. Would you hire them to run anything? And somebody should get them a dictionary. A bonus is compensation for work above and beyond. They should get no bonus at all.
mimi2957 2 years ago
They work, so they deserve to get paid. If they leave, the company is screwed and so are we. No, job market shouldnt decide (the job market gave them those giant undeserved bonuses) - share/debt holders should ie the govt (for now). But the govt needs to be reasonable.
Bonuses are different on wall street. Your earnings = your bonus, your salary is relatively unimportant. This is why perspective is important, bonus in say the accounting industry is completely different from the IB industry.
Luxmans 2 years ago
yes, their salarys are 'relatively unimportant' compared to the bonuses they are used to receiving. BUT their salaries are still pretty damn significant to the vast majority of us. There is this fear that this executives will leave if their bonuses are, god forbid, capped.... My god who would hire them, Mcdonalds???
dont forget, these guys bankrupted their company - they SUCK at their job, not only have they somehow kept their jobs BUT we re paying them millions also?? sound reasonable?
dagorian86 2 years ago
Compare the salary of say, a banker, to a similarly qualified worker - management consultant? - They get the same salary. Only difference is the banker can get fired at any point in time, and they can work ridiculous hours. Take the UBS LA M&A team, they worked a minimum of 16hrs a day, 7 days a week. It would be ABSURD to work as a banker if it wasn't for bonuses. You get the same salary as an accountant or consultant, etc or any other reasonable substitute.
...
Luxmans 2 years ago
Oh come on! Have some damned objectivity. Suck at their job? Pretty much every bank fell into this trap! No doubt they made massive mistakes, but no one else did any better.
I completely disagree with them taking those huge bonuses, but lets be reasonable.
The banking industry is at the HEART of the entire world economy, if it fails, we all fail. We're held at gun point, we have to give them millions - doesnt stop us enforcing rules for their earnings though.
Luxmans 2 years ago
OK i 'objectively' conclude that they suck at their job, how did i come to this objective conclusion? because they sunk their company. Nothing subjective about it. they bankrupted their company. So are you saying they did a good and/or ok job?
dagorian86 2 years ago
I'm saying you can't use this crisis as a guidance as to how well they are doing. If a few companies fell into this trap and others did fine, then I would completely agree. But this was industry wide, this was inter-industry. I-Banks were only one part of the puzzle, the other parts - government deregulation, credit raters, retail banks, and the mortgage consumer. At every level there was SYSTEMATIC mistakes and overlookings.
Luxmans 2 years ago
Is it really industry wide? My mother has a HELOC w/ Regions bank. They claimed they are in good shape. I am inclined to believe them. They gave everyone March off. No payment due for the month. I am willing to bet this is the first time a lot of people reading this have heard of this. Not every lending institution screwed up.
mimi2957 2 years ago
I am pretty unaware about regions bank, I live in the UK. But I know its a retail bank, which are different from investment banks (wall street). So it's kinda apples and oranges really.
Luxmans 2 years ago
ah now you are being too 'objective'. In economics pretty much everything is subjective/relative. and as such you have helped prove my point - not only did AIG go bankrupt, which for me is proof enough BUT they also did worse then their competitors, who though as you say performed badly - are still in better shape than AIG. So comparing them to other banks in the industry we find...thats right, AIG execs suck at their jobs. harsh but true. I agree 100% with everything else you stated
dagorian86 2 years ago
... AIG isn't a bank. It's an insurance company. This conversation has been about banks, they are nothing of the sort.
Like I said in reply to your PM, the word "exec" encompasses large numbers of people, to say they all suck is just ridiculous.
Luxmans 2 years ago
susbstitute 'banks' for 'financial institutions' and you have the same argument/case...
so you agree that at least some of them suck...and that the rest werent talented enough to prevent the ones that sucked from sending AIG under..?
pretty much same conclusion as far as i can tell
dagorian86 2 years ago
No, it's not as easy as that. The financial industry is huge and each level made varied degrees/types of mistakes. Most of my comments have been about IBs, not the entire financial industry.
Of course some of them were incompetent - particularly at the higher levels. This is very different from saying wall street suck.
Also, its getting annoying seeing everyone focus on the IBs, it's partial scape-goating. There are others to be blamed here, and each needs to be dealt with appropriately.
Luxmans 2 years ago
yes, and its the ones at the higher levels that i am particulary referring to, as not only are they the main culprits (by sucking) they receive much bigger bonus packages then their 'lower' less incompent, damage causing counterparts. you seem to keep backing up my point then going off on tangents...
I never said wall street sucks, although that case can be made. im leaving that one to others
dagorian86 2 years ago
Again, you can't pigeon hole all the execs, like I said before this is industry wide, and inter-industry also. Sure, there a particular execs that have completely screwed up, but to talk of them as one is just wrong. It's individuals who suck, not entire groups of people who are at the top.
Anyway, that's my piece. I'm off. Take care.
Luxmans 2 years ago
now to the point of the bonuses - they are there not only as a salary booster but as an incentive. If we pay bonuses regardless of performance, even if you sink the company, what incentive that does that provide - clearly the opposite of what you intended them to. As to the bankers of AIG they are lucky to still have a job, let alone bonuses. if AIG go under, so what? another large bank and/or private investor will just buy the assets/books and fill the gap in the market. Economics 101
dagorian86 2 years ago
lol moron lol
paulkielsmithdotcom 2 years ago
Fire Mark Haines ASAP and replace him with someone who has both a heart and a brain.
Great reporting.
ItzMeRon 2 years ago
... the noive.
mimi2957 2 years ago
Revolution! Cut off those wall street assholes balls.
jxsilicon9 2 years ago
These wall street guys should be sent to Alaska and never seen or heard from again.
chretiendutroyes 2 years ago 4
Damn right!
fahim113 2 years ago
Class warfare....Marx was right.Sorry but that's what it is.
boumar19721972 2 years ago
i feel some heat from CENK.... smoke is rising
Colombianqtric 2 years ago
his voice sounds just like lou dobbs. anyone else think that?
hnSforthewin 2 years ago
Oh man, it's eerie.
gussiejives 2 years ago
Mark Haines you cunt
WKaliberr 2 years ago
Although obviously this guy is a patsy for the financial "geniuses" who ran our economy into the ground, I do somewhat agree that this is a witch hunt. Should we do our utmost to limit the way these guys are looting the companies? Absolutely. But will that solve our financial problems? Not by a long shot.
The bonuses are egregious no doubt but our problems run much much deeper than that. This all is distracting us from the real issues.
megamarsvin 2 years ago
Oh please. They TOOK the money. I mean, when they talk about "losing money," it's not as if the money disappeared, as if it ceased to exist. They should make money based on their successes; how do they end up up richer while the market crashes? Because they TOOK the MONEY. That IS the real issue. I hate this pretense that it's all too complex to understand. It's simple.
mimi2957 2 years ago 2
Listen calm down, 10 - 2. You're right they did take the money. And you're right these people should be "punished" somehow. But we also need to address the real problems we have. Punishing them isn't going to save the market, even if it will make us feel a little better.
Yes the part where they take bonuses they don't deserve is simple. But the bonuses aren't the real problem. The bonuses aren't why the economy is tanking.
megamarsvin 2 years ago
REVOLUTION!
beatbrain 2 years ago 4
Well, Cenk just said in another video it's Thomas Jefferson not Andrew Jackson. Not a armed revolution, but how about everyone just not go work or something.
PeterPancrease