watching this clip and others i get the feeling that the anchor here chris wallace is the least vile person on fox news. the way he laughs at 5:07 is priceless.
Big financial institutions who have more economic power than the state need regulating more strictly. Risk tolerances are being set far too high. Greenspan proved beyond a doubt that the invisible hand does not rectify every situation, markets are imperfect. Even Friedman realises it. Hardcore capitalists like hardcore communists need a reality check. Trading financial derivatives is all well and good until the insiders artificially manipulate prices and make a profit on a loss.
@cmills1988 MBSs, CDOs, and CDSs are complicated to understand. Let me use a stock example to demonstrate what a MM does. You want to buy some stock. You like risk, so you buy a very speculative solar company. Once your order is sent, a market maker accepts your bid and sells you stock. The act of them selling something to you gives them the opposite position to you (short). They cover that position(risk) by finding some one to buy from. MMs make money on the spread @ which they buy and sell.
@cmills1988 You prove my point. Goldman was an equity investor in some of the senior tranches of Abacus precisely because counter parties needed another side. Sure, Goldman bought credit protection (CDS) against their stake, but thats what a market maker does to offset their risk (nothing wrong with that). To the question of risk, think of Goldman as a middle man here; simply setting up a deal. IKB and Paulson wanted the risk exposure Abacus provided. They got what they paid for.
@cmills1988 Goldman Sachs is a market maker. There job is to be the other side of a trader when he/she wants to buy / sell a security. Just because something is "risky" doesn't mean a market can't be made for it. Almost everything in traded markets carries some degree of risk. Risk is determined by price, volatility, liquidity, and integrity. Some market participants like a lot of risk and some do not. Goldman simply satisfies trader demand for risk exposure. You make money by taking risk, BTW.
What exactly did Goldman know that no one else knew? The other side didn't know the risks associated with their exposure!?! Did Goldman make the counter parties acquire exposure? There is no scam here. . . Someone, whether long or short, was going to lose on this bet. The only people who are fired up about this are the people who truly don't understand it.
Why should you be surprise that Fox Noise is taken the side of Goldmann Sachs.If you want to remain in the dark keep watching fox noise ,Rush,Palin,Fair and unbalanced Billy Crystal.What a bunch of un-Americans.....Treasonist.....
Mustafass was an alcoholic drunk. He personaly organized the destruction of all the Christian populations of Anatolia. He raped Christian women, blazed innocent children in the fire and killed their parents and grantparents. He stolen everything from them including their lives. Then he simply took their place calling himself a secular leader. That´s why he drunk so much to forgett his crimes against humanity, but Gods judgment finaly cought up with him, gave him psoriasis of the lever. The end!
This guys just proved his lack of information and education. The Mortgage backed securities that were sold to investors and packed by Goldman sachs and other large investment firm where not rated by them but out side rating companies. They did not force anyone to buy them. Goldman was slow compared to other more intelligent companies and firms that bet against the sub prime mortgages that these securities were made out of. All the investment firms did was try and protect their losses
Goldman KNEW what was in the "package", investors did not. And you forgot to mention that Rating Agencies are paid by companies like Goldman. You are basically rating a company which keeps your lights on. The Rating Agencies were in on it too. All the investment firms did, was commit fraud against it's investors. Don't whitewash this. Just have the onions to say what you really feel. "Unfeathered capitalism works". I'm sure that's what you want to say.
@drbayoms I don't know or want capitalism to work non regulated. I disagree with the whole capitalistic point of view on many levels. I just haven't figured out a better solution yet. We pay our basket ball players millions, our investment firm CEO's 65 million, and our teachers 20 thousand. Is our desires in the wrong place? Our demand sure is. But who's fault is it? The Media? No, it can't be... my favorite shows don't tell me how to dress or what type of people I'm attracted to...
I don't like TYT, but I also do not like Fox, and this is exactly why I do not like Fox, defending the looters of America and misinforming people that what they do is free market capitalism when it is NOT, but is redistribution of wealth, stolen from the American people, special interest used to destroy fair competition so these giant failures and looters do not have to follow the ru;es of a free market, and now Americans think this is capitalism. WRONG. Beck doesn't understand true capitalism.
bill kristol is founder of FPI and previous founder of PNAC who advocated and lobbied for invasion of Iraq. Kristol is zionist and enemy of american people.
@1231238502 Kristol's father, Irving Kristol, was also a former "proud" Trotskyite communist, and founder of modern neoconservatism which has polluted and brainwashed Americans to think big military and our foreign policy is American when it is not and is actually imperialism.
I canceled my Facebook account the other day and you should too. Goldman Sachs IS BIG BROTHER. They are WAY to powerful to have access to Facebook and all our personal information. This is a very scary situation.
Click here to learn how to permanently delete your Facebook account.
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
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The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
If you want the whole truth,the future of America,what is coming your ways,please read this book for free on internet
Did you hear the part at 4:35 where he wanted to say "big government" but then just said government? This is what happens when people in the talking points prep room go on for too long and forget they were trying to look like the NON-republican shill.
I think you shouldn't embarrass murderers and child rapists either. I mean, just because they may leave evidence around, doesn't mean we have the right to hurt their feelings and invade their privacy. I mean, what is this? Are we saying that the people who loose their money have the same rights as the people who steal it? That's not America. I think people are just trying to act like victims here. They have money for a reason. They're better than us.
Securities and Exchange Commission must REMOVED/REVOKE all the licenses of Goldman Sachs officers and traders from the Top to the Bottom!! All of them are in STATE of DENIALS!! All Goldman Sachs executives MUST BE EXECUTED BY FIRING SQUAD!!! JUSTCE DELAYED IS JUSTICE DENIED for the american people!! NO QUESTIONS ASKED!!!
What fraud? Sure the emails were a bit embarrassing, but someone has to bet against a Collateralized Debt Obligation (CDO) for it to actually be a CDO. These are big banks that invested in these securities, not mom and pop banks or small time individuals. The investors had the right to counter the original deal (and often did) or they could have said no and walked away. No one should need to hold an investor's hand. Listen to Warren Buffet, don't invest in what you don't understand.
The Sarbanes–Oxley Act of '02 was necessary reform to regulate and avoid shady, creative accounting. I'm not sure why any further reform was needed in '08. Maybe because Obama said so, and since a lot of leftie lemmings and sycophants parrot whatever Obama says, it's no surprise that reform for reform's sake was implemented. The economy will not rebound from this, ever.
"You keep on using that word. I do not think it means what you think it means..."
If it's something controversial enough to be used as solid evidence against you in a public trial, YES it's going to be made public. No crap. I didn't see any e-mails about how many hookers the company hired for 20 years, or how much they spent on toilet paper now did I?
FREE country NOT a RACIST or COMMUNIST country. What is happening to us? where are our values, our human rights, we are doing the exact same thing to immigrants as Hitler did in World War 2, who are we to treat human beings this way, to take away there children to put them in camps.... would you like to be treated this way? WHAT HAPPENED TO WE ARE THE PEOPLE!!!
When emails are called for in a public investigation...they are public record. The fact that GS was working to make money for itself and not the investors is yet another nail in the friedman coffin. Friedmans theories work well in a bubble if you take out human greed and the general desire to hook each other up. Real world....not so much.
what's important to note is that obama and his people are in no way responsible for this. yes it's all the right's fault. it's not like they're both in this together or anything.
i say we vote for left and right and left and right instead of voting independent.
This evil,demonic ARIZONA LAW.promotes the hate in AMERICA against the Latino-Immigrants, mainly Mexican people. The murders of two immigrants in the border to hands of Border Patrol Agents show it, at same time the murders of Latino- Immigrants in New York, New Jersey and others places of AMERICA. Stop the hate in AMERICA of Nazis, "patriots", Supremacists and others " herbs". The ARIZONA LAW is wrong for 2 aspects : States can’t do Federal Law,2.-POLICE can"t do tasks of ICE (INS ) Agent
This evil,demonic ARIZONA LAW.promotes the hate in AMERICA against the Latino-Immigrants, mainly Mexican people. The murders of two immigrants in the border to hands of Border Patrol Agents show it, at same time the murders of Latino- Immigrants in New York, New Jersey and others places of AMERICA. Stop the hate in AMERICA of Nazis, "patriots", Supremacists and others " herbs". The ARIZONA LAW is wrong for 2 aspects : States can’t do Federal Law,2.-POLICE can"t do tasks of ICE (INS ) Agent
@McDPolo What's wrong with it is that it's their own trash. They originate these things and then turn around and bet against them. Do you think the investors would have given them their money if they knew that Goldman was betting against these mortgages?
Anyone TODAY that gets their news from FOX,CNBC,CBS.ABC. NBC, MSNBC ECT, should have her or his head examined for they are all about propaganda & agenda!
@mkm75254 Risk is fine but then selling products to investors when you know it's seriously flawed; Toyota did it and they are now being rightly punished. Now it should be Goldman Sach's turn to face the music.
Then this guy attacks conservatives at 3:22? Wait really? Conservatives and banks? I wasn't aware being socially or fiscally conservative meant you liked banks? Why, because if you are fiscally conservative, you save a lot, so you have a relationship with your banker? I don't get it. More misrepresenting of the facts while lumping in his favorite enemies. Example of knowing nothing about a subject but making spurious generalizations about it, and misleading everyone else.
This guy does nothing but misrepresent the facts every chance he gets. He fails to understand (or care to...) the complexity of what is going on. He forgets about the separation between financial services and investment banking of GS, but spins it as if they are all in one room laughing at America. And what Krystal is saying is correct. Levin did release that email, sifting through thousands, to inflame the situation. And the admin. is spinning a 'uniform hate for financial reform."
Vegas slots and tables have better odds than whatever Goldman's investment packages that is around.
William Kristol is right to a point on releasing e-mail - as if these companies are not hiding evidence that might make them legally liable and are turning in everything to help investigation. But Mr. Kristol isn't exactly an upholder of "law". If he had his way, anybody accused terrorism would probably get no trial and have no lawyer representation.
I've respected TYT before, but this is really over the top. Do your homework and make sure you understand the transactions and the role of a market maker before the next time you start making bigoted allegations.
@BeyondLame They put the product together for a client who asked them to do it - someone who wanted to SHORT it. They let the client pick some of the securities. Then they went out and peddled it long to another smaller client, without revealing they were instrumental in putting it together specifically to be shorted by their larger client. They needed to disclose this. It's like having a lawyer representing you in a deal and he doesn't reveal he has a relationship with the other side.
@BeyondLame From the Senate hearings. Goldman let the short side participate in putting the package together and never revealed it, and in fact, some clients didn't know Goldman was representing the short side when they sold them long.
@mb7668 Goldman did not design the security to fail. ACA selected and approved the portfolio. Paulson then shorted it. ACA did not design the security to fail as they insured it. Goldman does not have to reveal their position on the security to their clients. The clients wanted risk in the housing sector and they got it (this was before the housing crash). What they did may be unethical, but not illegal.
@cardinals07 Goldman designed the security for the client who wanted to short it. They allowed the client to participate in selecting the securities. Then they peddled it long to others without revealing their role in the deal.
@mb7668 No. Goldman hired ACA to put the Abacus security together. ACA then issured the security which implies (unless ACA is stupid), that they did not design it to fail. Further evidence that Goldman did not initially believe it would fail is the fact that Goldman lost money on Abacus. They also lost money on Timberwolf, which is what the senate hearings were about. This took place before the housing collapse.
@mb7668 The SEC charge claims that Paulson and Co. helped ACA pick some of the securities, however, ACA had the final say and approved them. ACA is an independent expert and what Paulson thought about the securitiy does not matter. ACA picked securities that they thought best to succeed or else they wouldn't have insured it.
@mb7668 The question posed in the SEC complaint is whether Goldman had to disclose that Paulson helped pick the securities, or whether the fact that ACA approved them is enough. Regardless of whether the SEC complaint is valid, Goldman did not hire ACA to design the security with the intention for it to be shorted.
Bill must be worried that he won't get his monthly cut of the action from Goldman. No call boy services this month Billy!!! You can see the fear in his eyes!
News reporter, you're an asshole. What an asinine exaggeration of the Wall Street firms. Goldman Sachs didn't "Steal" any taxpayers money as the transaction was legitimate and authorized by the United States Government. Besides, firms like Goldman Sachs know better what to do with taxpayer money than the taxpayers themselves. Get your facts straight.
I love how Levin is so outraged that Goldman Sachs took "the people's money" when his govt. forced GS to take it even when GS had an insurance policy to prevent being beholden to the FED.
typical politician. this is all a show trial so dems can gain points acting like the good guy.
@jpg8700 so dems can look like the good guy? it looks like america is a fucking mess and about to get real fucking bloody in the decades to come. that's what it looks like.
Zionist jews control America. Bill Kristol is merely trying to protect his zionist friends at the jewish bank Goldman Sachs. Jews control every aspect of American life...the banking idustry including the Federal reserve, the judicial system, the academic institutions, wall street, the entire American government, entertainment industry, etc...think about it folks. The sooner you wake up the better off the ENTIRE WORLD WILL BE!
Why does anyone continue to respond to the dissembling rhetoric that passes for discussion on American television? Ignore Bill Cristol. Ignore Britt Hume. Remain oblivious to Michael Steel. Forget about Sarah Palin. Rush who? Ignore Fox News & all their ilk and they will cease to matter.
This is reason #1 for the so-called racist tea partiers. Any sane "average day republican" knows Goldman Sachs is corrupt as hell.. Yet, the Neo-con monopoly on the radio says other wise.. They probably could have picked a better name for the movement.. :) The Zionist Neo-cons an Zionist Neo-Marxists are the enemy...
GLOBAL WARMING COULD EXPLAIN WHY NORTHEAST IS SEEING MORE, AND FIERCER RAINSTORMS
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Half of the energy captured by greenhouse gases isn't accounted for
About half of the total amount of heat entering the atmosphere is unaccounted for, according a study in Science that suggests the oceans are absorbing energy that will haunt us sooner or later.
What Goldman & Sachs did seems bad on the surface. In reality it isn't. People need to understand that the companies that bought these stocks knew exactly what they were. They had 100's of experts/employees advising them them to buy. I can't say if there was fraud or not but just because Goldman & Sachs thought they would fail doesn't mean they committed fraud
Good point. And so does Warren Buffett. This entire allegation against GS is all about politicians finding a scapegoat. Goldman made a net loss on the housing bubble and they have survived because they made a smaller loss than the other investment banks.
So what a minute, YoungTurks.. you've already found them guilty of Fraud before a trial? Is that the way Liberal Judges work?
What about Fannie Mae and Freddie Mac? They are two of the largest mortgage lenders.. why aren't they on trial for the economy bubble? Oh yeah.. I remember they have ties to the Democratic Party pressuring Fannie and Freddie to hand out risky loans to people who couldn't afford them. Don't wanna put Barney Frank in the interrogation light, do we?
@PurpleJacketJoker actually you should check out the Phil Gramm bill which deregulated banks a 100% Republican bill passed by Clinton.I guess if the Republicans had not pushed so hard for there profiteering banks friends way back we wouldn't be in so much trouble.You should really check all of the history before you comment.Republicans don't care about people they care about corporate profits to CEO's
@humaner Here is what I don't get though..the Democratic National Party received more campaign funds from banks. than the Republican National Committee did.
Barack Obama himself got almost $1 Million from Goldman & He also has 6 former Goldman Sachs people in his cabinet advising him.
All I do is follow politics. I run a political blogger..so don't tell me to check my history.
R's do care about corps because they employ people. Dems don't care about U, they only care about staying in office
@humaner I am so tired of people saying that Gramm's bill deregulated banks. The Gramm Leach Bliley Act of 1999 Replaced The Glass Steagall Act and took down the wall letting banks into commercial, investment and insurance. But not only were all the regulations of commercial, investment, and insurance intact and all the banks had to abide by them, The new bill increased regulations in all three areas. So how can you replace a bill with an even bigger more regulated one and call it DEREGULATION?
@humaner If you were so worried about "Corporate Profits To CEO's" then why just blame the Republicans? Weren't the Democrats also responsible for passing the bailout bill that allowed the very ones that caused the meldown to make even bigger corporate profits? Isn't it this Democratic administration that have appointed a dozen executives from the largest banking firms into financial advisors?
Yep, when the shit hits the fan. They all show their true colors, even FOX. Goldman Sachs is the cause of the economic collapse, the failed housing market, and the suppression of gold prices. They make money of of destroying things. All these crooked Wallstreet and world bank douche bags should be put in labor camps for life.
@st4ticblu3 Don't forget Fox was the arm of the Bush government that created 24/7 war mongering stories before the attack on Iraq. As well as attacking Health Care and anythings else that has to do with decreasing corporate power.Kristol is a sick little shit and also a war monger.Sick little shits screwing with good Americans minds .
Reminds me of when they slammed the banks for ceo bonuses, when Chris Dodd(D) was the one who added the allowance for bonuses to the bill himself. Why? Because he got a phonecall from Tim Geithner telling him to do so.
Last night, Shawn Hannity was so upset about the way congress treated these Goldman execs. Of course that's no surprise but still shocking to see it. Fox News tends to ignore the wrongdoings by Goldman and focus on how they are treated. I don't think Goldman really gave a **it about their clients so why should the execs be treated any differently.
@mikeg7212 ... except when the Democrats don't do something about it, when they turn around and say that Goldman Sachs are their biggest contributors.
They ALWAYS find a way to attack, a reason to complain. They are a bunch of pussy little crybabies, and they get paid a lot to be pussy little crybabies complaining about everything.
as Obama said back in 2008, "To turn the nation socialist you first have to get as many people on welfare (that welfare can come as unempolyment as long as the US government is paying it), then shut down the banking system. And to do that we have to take total control over the banking system and call it reform".
@MrSTANDFORAMERICA Where did he say this? Can you give us all a source for this quote? Because I can't find it anywhere. Not even a sentence fragment of it on google. Can you give us all a direct quote?
@Mike222222222 You are ignorant of this subject, and it is embarassingly blatant... why don't you learn about it, then make informed comments? Do you not care that you sound so stupid?
@EziixPked I couldn't care less if a child like you doesn't grasp the first thing about how markets operate and is willing to be manipulated by politicians trying to deflect attention from their own contributions to the meltdown.
The same people that beat on banks for years to write mortgages to people who couldn't afford them are going after banks like C, BAC and WFC for, wait for it, writing mortgages for people who couldn't really afford them.
This guy's a clown, and clearly doesn't understand markets. Goldman didn't write mortgages like this idiot said and there's nothing wrong with being short the market. Both sides of every trade knows theres someone on the opposite side of the trade. This is demagoguery targeted for dimwits.
@Mike222222222 Seems that you don't understand the issue at all. No one is saying Goldman writes mortgages. However, they do put together financial products (a CDO, in this case) based on underlying mortgages. Goldman has been charged by the SEC of violating material disclosure laws by selling a CDO to an investor yet not telling the investor that the CDO was created to fail in order that others (inc. Goldman) could profit by shorting it. The emails seem to support this allegation.
@agl125 I should correct myself and say that the emails seem to suggest that, in general, Goldman sometimes shorted its own products (at the expense of its clients). I don't know if the emails were specifically referring to the case in the SEC allegation.
@agl125 The Senate committee is taking great pains to confuse the requirements GS and others have when operating as a market maker, as an issuer and as an underwriter. Rating agencies reviewed the underlying securities and the details of them were known to all.
There's nothing at all wrong with GS selling an issue and or making a market in it and shorting the same security in their propritery trading account. It's a common practice.
@Mike222222222 a friend an institutional broker and partner - he said 50% of the industry is made up of criminals more than once. Crime is par for the course...common practice if you will.
@agl125 I understand the issue well, which is why I pointed out that the clown in the video made a fool of himself saying GS wrote bad mortgages. These things weren't created to fail, that's a talking point for the financially iliterate. GS was long many of these and would never have been if they designed them to fail.
@Mike222222222 Goldman didn't write the mortgages. They packaged them and sold them to clients at the same time they were betting against them (i.e. shorting them).
oh come on. this is truly bias propaganda. Goldman Sachs hasnt been proved guilty of fraud so why is everyone so ignorantly throwing around statements of fraud. this guy isnt even a proffesional journalist for this exact reason
I'm not a big fan of TheYoungTurks or his political views, but this was pretty informative. However, I do have one big problem with his need to resort to using the views of Bill Kristol in a 2-minute segment to stereotypically mudsling Fox News, but worse than that, conservatives and Republicans in general. It's useless and hypocritical. He's just brainwashing his young viewers into his ridiculous progressive agenda.
I really hope Goldman Sachs gets in deep trouble. I don't want to be a conspiracy theorist but I think they did have a hand in causing the Great Depression and the latest Housing Crisis.
Why is William Kristol allowed camera time and a microphone ? The guy is dead wrong whenever he opens his pie-hole ! I mean always wrong. It's downright scary. You'd think by random chance he'd be right once in a while.
They take a couple of emails from the climategate thing, and deliberately misinterpret them, and go orgasmic with "GOTCHA", even though there was no proof of any kind of fraud... But then, when people commit deliberate fraud on behalf of rich people it's OK.
@comics4komix It's you who should go back to the 1930s. The Nazi died 60 years you freaking idiot. Well, except for those in Israel, Because that's what the Zionist really are, a bunch of racist Jewish supremacist. Do you have any idea how stupid you sound when you call someone a Nazi? When it is Israel that has been involve in the biggest racist campaign in modern history and still is today. And that is the ethnic cleansing of the Palestinians.
@MustacheVerra Did you know the Palestinians where Semite? The reality is that the real anti-Semite are in Israel. The Zionist who are mostly white Caucasian, have been involve in an ethnic cleansing campaign against the Palestinians for the last 60+ years. You call me a Nazi? I never kicked anybody out of their homes to then give that house to Jews, the Israeli do that. And they do that everyday defying international law.
Racism is a huge problem in Israel. And it is a the government level.
@Mike222222222 goldman sacks gives money to "winners" period. and you would have been insane to think there would not have been a dem. POTUS after 8 years of G.W. Bush. how was it you didnt know? stop skipping your meds.
@comics4komix I didn't say i didn't believe in the holocaust, idiot. What i said is the holocaust served a purpose and that was to incite Jews and the world to support Zionism, to attract sympathy in the world when the Zionist were gonna ask for the creation of a Jewish state at the UN. The Zionist could have saved those Jews easy. Hitler offered them. But the Zionist let them die because they knew they could use this crisis to convince Jews to support them.
@MustacheVerra You see, the Zionist quickly realized the Jews were not gonna leave their homes, families, jobs etc.. to follow a groups of right wing nuts who heard from a guy who heard from a guy... who hear from Moses, who heard voices in the desert. Of course they were not gonna come. So they st force Hitler to send 50 000 Jews to build Israel and them sacrifice the others for the greater good. Meaning, to scared the Jews into supporting them. But 1 Jew eventually found out...
@MusaJames El stupid redneck, you should know that the wealthiest rednecks live in in Texas because it IS rednecks who control most of the oil industry in America, hence the banks, investments, etc! Just look at the Bush family: the most prominent example of uncultured, rednecks, typical Americans!
@cat22203 Thats funny. The Bush Family is from New Hampshire. George W wasn't even born in Texas. He did graduate at UT. He graduated at Yale. Listen to his family he is the only one that has a "Texas accent". Maybe you should read more.
Sure Bill...you can see Levin's emails. As long as we can see every communication to and from Ken Starr during his witch hunt...oops, I mean very serious investigations.
I am not sure what Bill Kristol has on Fox. Otherwise, just based off of the wacky and totally inaccurate analysis and predictions he gave for how well the War in Iraq was going in 2003-05, he lost any sense of credibility with me. Now whenever I see him offer an opinion on anything I know the opposite must be true.
this is disturbing how the government can go into a PRIVATE company, steal their e-mails, then sort through all of them for something incriminating. the last time i checked we had a CONSTITUTION (although a liberal would never know it) that forbids illegal search and seizure, and if i remember correctly the creed is "innocent until proven guilty" not "innocent until capitalist" levin should be investigated, not goldman.
@tehant1liberal Nice trolling. I really enjoyed that. So you think the constitution protects corporations, that have been charged with fraud, from having their emails seized (with the blessing of the corporation in question)? And that the release of the information proving their guilt is somehow infringing on the creed of "innocent until proven guilty"? Not that someone who uses BIG LETTERS to make an INANE POINT would listen to something called FACTS.
@tehant1liberal ..... you do realize the Goldman Sachs gave the government the emails, right? And not only that, but it says illegal search and seizure without a warrent or probable cause, and there is certainly probable cause to suspect goldman acted illegally, in any case, so it would have been a joke to obtain a warrent. It is you who doesn't know anything about the constitution. But then again, you are a stupid troll, and I shout stop feeding you.
@tehant1liberal when you're under investigation (just like all criminals) any evidence that can be provided to determine gulity or innocent fate is needed. Why don't you read a criminal justice book & fall back from your version of the consitution.
@tehant1liberal So it is ok for FOX to do it with the climategate stuff, and go through all THEIR emails and do everything they could to misinterpret them, but it is not OK to go through emails when there is billion dollar fraud happening (which you, as an American taxpayer paid for)... The American constitution forbids ILLEGAL search and seizure. Not ALL search and seizure.
@tehant1liberal Goldman ceased to be a purely private entity the millisecond they accepted a federal bailout. But hey what are a few facts here and there, right? Reality has a liberal bias after all...
Y'all have it out for fox, and I can respect that. I just want you guys to also shoot for the spineless people at CNN who can only claim "fair and balanced" because they rarely report any politics.
watching this clip and others i get the feeling that the anchor here chris wallace is the least vile person on fox news. the way he laughs at 5:07 is priceless.
SubwayRatt 4 months ago
Comment removed
SubwayRatt 4 months ago
Big financial institutions who have more economic power than the state need regulating more strictly. Risk tolerances are being set far too high. Greenspan proved beyond a doubt that the invisible hand does not rectify every situation, markets are imperfect. Even Friedman realises it. Hardcore capitalists like hardcore communists need a reality check. Trading financial derivatives is all well and good until the insiders artificially manipulate prices and make a profit on a loss.
flinchus 7 months ago
@flinchus This is one area where even Ron Paul want Regulations... so much that he wants to take away all of their UN-NATURAL power...
jb4rp2012 6 months ago
@cmills1988 MBSs, CDOs, and CDSs are complicated to understand. Let me use a stock example to demonstrate what a MM does. You want to buy some stock. You like risk, so you buy a very speculative solar company. Once your order is sent, a market maker accepts your bid and sells you stock. The act of them selling something to you gives them the opposite position to you (short). They cover that position(risk) by finding some one to buy from. MMs make money on the spread @ which they buy and sell.
pureperil 7 months ago
@cmills1988 You prove my point. Goldman was an equity investor in some of the senior tranches of Abacus precisely because counter parties needed another side. Sure, Goldman bought credit protection (CDS) against their stake, but thats what a market maker does to offset their risk (nothing wrong with that). To the question of risk, think of Goldman as a middle man here; simply setting up a deal. IKB and Paulson wanted the risk exposure Abacus provided. They got what they paid for.
pureperil 7 months ago
@cmills1988 Goldman Sachs is a market maker. There job is to be the other side of a trader when he/she wants to buy / sell a security. Just because something is "risky" doesn't mean a market can't be made for it. Almost everything in traded markets carries some degree of risk. Risk is determined by price, volatility, liquidity, and integrity. Some market participants like a lot of risk and some do not. Goldman simply satisfies trader demand for risk exposure. You make money by taking risk, BTW.
pureperil 7 months ago
What exactly did Goldman know that no one else knew? The other side didn't know the risks associated with their exposure!?! Did Goldman make the counter parties acquire exposure? There is no scam here. . . Someone, whether long or short, was going to lose on this bet. The only people who are fired up about this are the people who truly don't understand it.
pureperil 7 months ago
Why should you be surprise that Fox Noise is taken the side of Goldmann Sachs.If you want to remain in the dark keep watching fox noise ,Rush,Palin,Fair and unbalanced Billy Crystal.What a bunch of un-Americans.....Treasonist.....
fusermia327 8 months ago
Increasing executive authority? This investigation is being done by CONGRESS.
newdimensionfilms 9 months ago
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Mustafass was an alcoholic drunk. He personaly organized the destruction of all the Christian populations of Anatolia. He raped Christian women, blazed innocent children in the fire and killed their parents and grantparents. He stolen everything from them including their lives. Then he simply took their place calling himself a secular leader. That´s why he drunk so much to forgett his crimes against humanity, but Gods judgment finaly cought up with him, gave him psoriasis of the lever. The end!
johnybrawos 10 months ago
Ugh why do people still listen to Bill Krystol? I don't think he's ever been right about anything. He should have been canned a long time ago.
steelersguy74 11 months ago
This guys just proved his lack of information and education. The Mortgage backed securities that were sold to investors and packed by Goldman sachs and other large investment firm where not rated by them but out side rating companies. They did not force anyone to buy them. Goldman was slow compared to other more intelligent companies and firms that bet against the sub prime mortgages that these securities were made out of. All the investment firms did was try and protect their losses
Dickeyj2010 11 months ago
@Dickeyj2010
Goldman KNEW what was in the "package", investors did not. And you forgot to mention that Rating Agencies are paid by companies like Goldman. You are basically rating a company which keeps your lights on. The Rating Agencies were in on it too. All the investment firms did, was commit fraud against it's investors. Don't whitewash this. Just have the onions to say what you really feel. "Unfeathered capitalism works". I'm sure that's what you want to say.
drbayoms 10 months ago
@drbayoms I don't know or want capitalism to work non regulated. I disagree with the whole capitalistic point of view on many levels. I just haven't figured out a better solution yet. We pay our basket ball players millions, our investment firm CEO's 65 million, and our teachers 20 thousand. Is our desires in the wrong place? Our demand sure is. But who's fault is it? The Media? No, it can't be... my favorite shows don't tell me how to dress or what type of people I'm attracted to...
Dickeyj2010 10 months ago
Good for them! They can join the Wall Street criminals in prison...
ProtectandServe21 11 months ago
@ProtectandServe21 The two birds with one stone deal...
ProtectandServe21 11 months ago
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Ron Paul 2012 !
ToxinalX 11 months ago
I don't like TYT, but I also do not like Fox, and this is exactly why I do not like Fox, defending the looters of America and misinforming people that what they do is free market capitalism when it is NOT, but is redistribution of wealth, stolen from the American people, special interest used to destroy fair competition so these giant failures and looters do not have to follow the ru;es of a free market, and now Americans think this is capitalism. WRONG. Beck doesn't understand true capitalism.
LordoftheKaty 1 year ago
bill kristol is founder of FPI and previous founder of PNAC who advocated and lobbied for invasion of Iraq. Kristol is zionist and enemy of american people.
1231238502 1 year ago
@1231238502 Kristol's father, Irving Kristol, was also a former "proud" Trotskyite communist, and founder of modern neoconservatism which has polluted and brainwashed Americans to think big military and our foreign policy is American when it is not and is actually imperialism.
LordoftheKaty 1 year ago
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I canceled my Facebook account the other day and you should too. Goldman Sachs IS BIG BROTHER. They are WAY to powerful to have access to Facebook and all our personal information. This is a very scary situation.
Click here to learn how to permanently delete your Facebook account.
groovypost(dot)com/howto/security/permanently-delete-your-facebook-profile-account/
ENJOYtheLITTLthings 1 year ago
THAT twat is being paid by them. Governement own CCN news,
LoveThroughTheLens 1 year ago
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
(The Jew,December 1925,Zinobit
The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
If you want the whole truth,the future of America,what is coming your ways,please read this book for free on internet
Who Is Esau-Edom,Who Is Esau-Edom
MsMihailescu 1 year ago
Did you hear the part at 4:35 where he wanted to say "big government" but then just said government? This is what happens when people in the talking points prep room go on for too long and forget they were trying to look like the NON-republican shill.
Seskal 1 year ago
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Daily-News at:
Usa-Today-News[.]blogspot[.]com
apportionbarrackdf 1 year ago
I think you shouldn't embarrass murderers and child rapists either. I mean, just because they may leave evidence around, doesn't mean we have the right to hurt their feelings and invade their privacy. I mean, what is this? Are we saying that the people who loose their money have the same rights as the people who steal it? That's not America. I think people are just trying to act like victims here. They have money for a reason. They're better than us.
(sarcasm... it's what's for dinner)
CrossTheGrigori 1 year ago
Securities and Exchange Commission must REMOVED/REVOKE all the licenses of Goldman Sachs officers and traders from the Top to the Bottom!! All of them are in STATE of DENIALS!! All Goldman Sachs executives MUST BE EXECUTED BY FIRING SQUAD!!! JUSTCE DELAYED IS JUSTICE DENIED for the american people!! NO QUESTIONS ASKED!!!
nareas777 1 year ago
Media are complicit in Treason.
Electrorules 1 year ago
What fraud? Sure the emails were a bit embarrassing, but someone has to bet against a Collateralized Debt Obligation (CDO) for it to actually be a CDO. These are big banks that invested in these securities, not mom and pop banks or small time individuals. The investors had the right to counter the original deal (and often did) or they could have said no and walked away. No one should need to hold an investor's hand. Listen to Warren Buffet, don't invest in what you don't understand.
Rufo2188 1 year ago
The Sarbanes–Oxley Act of '02 was necessary reform to regulate and avoid shady, creative accounting. I'm not sure why any further reform was needed in '08. Maybe because Obama said so, and since a lot of leftie lemmings and sycophants parrot whatever Obama says, it's no surprise that reform for reform's sake was implemented. The economy will not rebound from this, ever.
SclafaniBagni 1 year ago
It took $2 Billions to put Obama in power, I wounder who put all that loot up front?
elite1980s 1 year ago
Goldman Sachs owns Obama, Goldman Sachs made Obama so you lefties are pointing the finger the wrong way!
ThatCrazy80sGuy 1 year ago
@ThatCrazy80sGuy weak
n8tivguitar 1 year ago
"...embarrassing..."
"You keep on using that word. I do not think it means what you think it means..."
If it's something controversial enough to be used as solid evidence against you in a public trial, YES it's going to be made public. No crap. I didn't see any e-mails about how many hookers the company hired for 20 years, or how much they spent on toilet paper now did I?
OtakuRebel 1 year ago
fox news is a joke .
whoever watch these retrograde clowns is an ignorant or an under educated fool.
Yojimbo707 1 year ago 2
FREE country NOT a RACIST or COMMUNIST country. What is happening to us? where are our values, our human rights, we are doing the exact same thing to immigrants as Hitler did in World War 2, who are we to treat human beings this way, to take away there children to put them in camps.... would you like to be treated this way? WHAT HAPPENED TO WE ARE THE PEOPLE!!!
Mr666zero666 1 year ago
Love Bill O'Reilly and Glenn Beck. Fox News is the best...
tomcat20101954 1 year ago
"Leave Goldman Sachs alone!" Didn´t I hear something like that from Chris Crocker?
charlie1der 1 year ago
When emails are called for in a public investigation...they are public record. The fact that GS was working to make money for itself and not the investors is yet another nail in the friedman coffin. Friedmans theories work well in a bubble if you take out human greed and the general desire to hook each other up. Real world....not so much.
mrfinn9 1 year ago
Of course, because they're in with the crooks! Easy.
barbh1 1 year ago
what's important to note is that obama and his people are in no way responsible for this. yes it's all the right's fault. it's not like they're both in this together or anything.
i say we vote for left and right and left and right instead of voting independent.
:)
failblorg 1 year ago
Fox is a filthy Jew .
sbijan666 1 year ago
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This evil,demonic ARIZONA LAW.promotes the hate in AMERICA against the Latino-Immigrants, mainly Mexican people. The murders of two immigrants in the border to hands of Border Patrol Agents show it, at same time the murders of Latino- Immigrants in New York, New Jersey and others places of AMERICA. Stop the hate in AMERICA of Nazis, "patriots", Supremacists and others " herbs". The ARIZONA LAW is wrong for 2 aspects : States can’t do Federal Law,2.-POLICE can"t do tasks of ICE (INS ) Agent
AGAPITOMELORROSAS 1 year ago
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This evil,demonic ARIZONA LAW.promotes the hate in AMERICA against the Latino-Immigrants, mainly Mexican people. The murders of two immigrants in the border to hands of Border Patrol Agents show it, at same time the murders of Latino- Immigrants in New York, New Jersey and others places of AMERICA. Stop the hate in AMERICA of Nazis, "patriots", Supremacists and others " herbs". The ARIZONA LAW is wrong for 2 aspects : States can’t do Federal Law,2.-POLICE can"t do tasks of ICE (INS ) Agent
AGAPITOMELORROSAS 1 year ago
What's wrong with betting against everyone's trash?
Is it a crime to profit from others losses?
It's ridiculous. Greed isn't a crime. Greed drives society.
I love how TYT takes making money as incriminating.
McDPolo 1 year ago
@McDPolo That doesn't mean Greed is good. One could argue that murder and hatred drive society, but that doesn't excuse the fact that they're wrong.
zzman305 1 year ago
@McDPolo What's wrong with it is that it's their own trash. They originate these things and then turn around and bet against them. Do you think the investors would have given them their money if they knew that Goldman was betting against these mortgages?
jwberrie 1 year ago
A person who doesn't watch the news is uninformed. A person who does watch the news is misinformed.
PovertyRecords 1 year ago 50
@PovertyRecords
Unless they watch PBS News. But that's now in the crosshairs...
TrollBuster9090 9 months ago
Anyone TODAY that gets their news from FOX,CNBC,CBS.ABC. NBC, MSNBC ECT, should have her or his head examined for they are all about propaganda & agenda!
bulabula1 1 year ago
Thank you--kristol is a wimpy man--epitomizes republican party bullshite...
RockyMissouri 1 year ago
it was not fraud. in the market there are winners and losers and risk comes along with everything
mkm75254 1 year ago
@mkm75254 Risk is fine but then selling products to investors when you know it's seriously flawed; Toyota did it and they are now being rightly punished. Now it should be Goldman Sach's turn to face the music.
ikkoikki 1 year ago
Then this guy attacks conservatives at 3:22? Wait really? Conservatives and banks? I wasn't aware being socially or fiscally conservative meant you liked banks? Why, because if you are fiscally conservative, you save a lot, so you have a relationship with your banker? I don't get it. More misrepresenting of the facts while lumping in his favorite enemies. Example of knowing nothing about a subject but making spurious generalizations about it, and misleading everyone else.
danielharmonizer 1 year ago
This guy does nothing but misrepresent the facts every chance he gets. He fails to understand (or care to...) the complexity of what is going on. He forgets about the separation between financial services and investment banking of GS, but spins it as if they are all in one room laughing at America. And what Krystal is saying is correct. Levin did release that email, sifting through thousands, to inflame the situation. And the admin. is spinning a 'uniform hate for financial reform."
danielharmonizer 1 year ago
Vegas slots and tables have better odds than whatever Goldman's investment packages that is around.
William Kristol is right to a point on releasing e-mail - as if these companies are not hiding evidence that might make them legally liable and are turning in everything to help investigation. But Mr. Kristol isn't exactly an upholder of "law". If he had his way, anybody accused terrorism would probably get no trial and have no lawyer representation.
weirdoweirdo 1 year ago
If I may quote a great man...fool me once, shame on...shame on you....fool me...you can't get fooled again.
WherestheCoolPlaces 1 year ago
Junk Bonds, Vodoo Economic's now what? Just how long will the Government let those richest bankers keep getting away with this shit?
hiiamrick 1 year ago
Bill Cristol has always been an asshole and he proves it everytime he opens his mouth.
tdclark69 1 year ago
Bill Cristol has always been an Asshole and he just proves it over and over again.
tdclark69 1 year ago
I've respected TYT before, but this is really over the top. Do your homework and make sure you understand the transactions and the role of a market maker before the next time you start making bigoted allegations.
hausse37 1 year ago
LOL @ 6:11 Chris Crocker Classic - "Leave Britney Alone!" ^^
It is true: Always hilarious to see them FOX-imbeciles defend frauds,
as if being a asshole is what it means to be a "True American"!
flyingmagiccarpet 1 year ago
Goldman Sachs did nothing wrong...
what they did was no different than what banks do every day.
BeyondLame 1 year ago
@BeyondLame They put the product together for a client who asked them to do it - someone who wanted to SHORT it. They let the client pick some of the securities. Then they went out and peddled it long to another smaller client, without revealing they were instrumental in putting it together specifically to be shorted by their larger client. They needed to disclose this. It's like having a lawyer representing you in a deal and he doesn't reveal he has a relationship with the other side.
mb7668 1 year ago
@mb7668
The clients DID know about them, where are you getting this informaiton?
BeyondLame 1 year ago
@BeyondLame From the Senate hearings. Goldman let the short side participate in putting the package together and never revealed it, and in fact, some clients didn't know Goldman was representing the short side when they sold them long.
mb7668 1 year ago
@mb7668 Goldman did not design the security to fail. ACA selected and approved the portfolio. Paulson then shorted it. ACA did not design the security to fail as they insured it. Goldman does not have to reveal their position on the security to their clients. The clients wanted risk in the housing sector and they got it (this was before the housing crash). What they did may be unethical, but not illegal.
cardinals07 1 year ago
@cardinals07 Goldman designed the security for the client who wanted to short it. They allowed the client to participate in selecting the securities. Then they peddled it long to others without revealing their role in the deal.
mb7668 1 year ago
@mb7668 No. Goldman hired ACA to put the Abacus security together. ACA then issured the security which implies (unless ACA is stupid), that they did not design it to fail. Further evidence that Goldman did not initially believe it would fail is the fact that Goldman lost money on Abacus. They also lost money on Timberwolf, which is what the senate hearings were about. This took place before the housing collapse.
cardinals07 1 year ago
@mb7668 The SEC charge claims that Paulson and Co. helped ACA pick some of the securities, however, ACA had the final say and approved them. ACA is an independent expert and what Paulson thought about the securitiy does not matter. ACA picked securities that they thought best to succeed or else they wouldn't have insured it.
cardinals07 1 year ago
@mb7668 The question posed in the SEC complaint is whether Goldman had to disclose that Paulson helped pick the securities, or whether the fact that ACA approved them is enough. Regardless of whether the SEC complaint is valid, Goldman did not hire ACA to design the security with the intention for it to be shorted.
cardinals07 1 year ago
Bill must be worried that he won't get his monthly cut of the action from Goldman. No call boy services this month Billy!!! You can see the fear in his eyes!
Rizky06 1 year ago
News reporter, you're an asshole. What an asinine exaggeration of the Wall Street firms. Goldman Sachs didn't "Steal" any taxpayers money as the transaction was legitimate and authorized by the United States Government. Besides, firms like Goldman Sachs know better what to do with taxpayer money than the taxpayers themselves. Get your facts straight.
CarlAsvin 1 year ago
I love how Levin is so outraged that Goldman Sachs took "the people's money" when his govt. forced GS to take it even when GS had an insurance policy to prevent being beholden to the FED.
typical politician. this is all a show trial so dems can gain points acting like the good guy.
CROOK VS. CROOK. whos the worse offender?
jpg8700 1 year ago
@jpg8700 so dems can look like the good guy? it looks like america is a fucking mess and about to get real fucking bloody in the decades to come. that's what it looks like.
johhny3rubs 1 year ago
@jpg8700 Levin's simply playing to the "stupid" votes, and has is proved around here, there are plenty.
Mike222222222 1 year ago
Zionist jews control America. Bill Kristol is merely trying to protect his zionist friends at the jewish bank Goldman Sachs. Jews control every aspect of American life...the banking idustry including the Federal reserve, the judicial system, the academic institutions, wall street, the entire American government, entertainment industry, etc...think about it folks. The sooner you wake up the better off the ENTIRE WORLD WILL BE!
buzzman519 1 year ago
Why does anyone continue to respond to the dissembling rhetoric that passes for discussion on American television? Ignore Bill Cristol. Ignore Britt Hume. Remain oblivious to Michael Steel. Forget about Sarah Palin. Rush who? Ignore Fox News & all their ilk and they will cease to matter.
elfyboy 1 year ago 40
What TYT doesn't know, is that Obama is working for Goldman Sachs.
TheAmazingPotHead 1 year ago
TYT and their followers are nothing but Liberal American haters. Truth hurts I know.
cam1126 1 year ago
This is reason #1 for the so-called racist tea partiers. Any sane "average day republican" knows Goldman Sachs is corrupt as hell.. Yet, the Neo-con monopoly on the radio says other wise.. They probably could have picked a better name for the movement.. :) The Zionist Neo-cons an Zionist Neo-Marxists are the enemy...
govhater4 1 year ago
More impacts of climate change in the news
GLOBAL WARMING COULD EXPLAIN WHY NORTHEAST IS SEEING MORE, AND FIERCER RAINSTORMS
The Northeast is seeing more frequent "extreme precipitation events" in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England
ASSOCIATED PRESS
APRIL 6, 2010
Nightversionn 1 year ago
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Climate science news
NCAR: Scientists can't measure all heat trapped on Earth
Half of the energy captured by greenhouse gases isn't accounted for
About half of the total amount of heat entering the atmosphere is unaccounted for, according a study in Science that suggests the oceans are absorbing energy that will haunt us sooner or later.
BOULDER DAILY CAMERA
COLORADO
By Sarah Horn For the Camera
Posted: 04/15/2010 06:18:49 PM MDT
Nightversionn 1 year ago
Climategate
Briffa:
".. For the record, I do believe that the proxy data do show unusually
warm conditions in recent decades. I am not sure that this unusual warming
is so clear in the summer responsive data. I believe that the recent warmth
was probably matched about 1000 years ago. I do not believe that global
mean annual temperatures have simply cooled progressively over thousands of
years as Mike appears to.."
ww w. eastangliaemails. com/emails. php?eid=136&filename=938018124 . txt
Thisawareness 1 year ago
come on whats new.. REPUBLICANS = WALL ST... DISGRACE TO OUR COUNTRY...
smekese 1 year ago
Government steals money from citizens, gives it to criminal banks, banks use it illegally, government blames banks....
The banks wouldn't have gotten the people's money if the govt. wouldn't have forced the taxpayers to bail them out!
The banks are guilty, but the government is to blame.
Freethought42 1 year ago
What Goldman & Sachs did seems bad on the surface. In reality it isn't. People need to understand that the companies that bought these stocks knew exactly what they were. They had 100's of experts/employees advising them them to buy. I can't say if there was fraud or not but just because Goldman & Sachs thought they would fail doesn't mean they committed fraud
nek0s 1 year ago
@nek0s Goldman was fudging ratings and failing to disclose they were shorting the same products they were peddling to other people.
mb7668 1 year ago
Fox News defends Goldman Sachs fraud? Well so does Bill Clinton.
gixxerfan33 1 year ago
@gixxerfan33
Good point. And so does Warren Buffett. This entire allegation against GS is all about politicians finding a scapegoat. Goldman made a net loss on the housing bubble and they have survived because they made a smaller loss than the other investment banks.
hausse37 1 year ago
That's like what happens in Class Action!
JoeDull 1 year ago
So what a minute, YoungTurks.. you've already found them guilty of Fraud before a trial? Is that the way Liberal Judges work?
What about Fannie Mae and Freddie Mac? They are two of the largest mortgage lenders.. why aren't they on trial for the economy bubble? Oh yeah.. I remember they have ties to the Democratic Party pressuring Fannie and Freddie to hand out risky loans to people who couldn't afford them. Don't wanna put Barney Frank in the interrogation light, do we?
PurpleJacketJoker 1 year ago
@PurpleJacketJoker
You're 100% right about Fannie and Freddie.
treysparker 1 year ago
@PurpleJacketJoker actually you should check out the Phil Gramm bill which deregulated banks a 100% Republican bill passed by Clinton.I guess if the Republicans had not pushed so hard for there profiteering banks friends way back we wouldn't be in so much trouble.You should really check all of the history before you comment.Republicans don't care about people they care about corporate profits to CEO's
humaner 1 year ago
@humaner Here is what I don't get though..the Democratic National Party received more campaign funds from banks. than the Republican National Committee did.
Barack Obama himself got almost $1 Million from Goldman & He also has 6 former Goldman Sachs people in his cabinet advising him.
All I do is follow politics. I run a political blogger..so don't tell me to check my history.
R's do care about corps because they employ people. Dems don't care about U, they only care about staying in office
PurpleJacketJoker 1 year ago
@humaner I am so tired of people saying that Gramm's bill deregulated banks. The Gramm Leach Bliley Act of 1999 Replaced The Glass Steagall Act and took down the wall letting banks into commercial, investment and insurance. But not only were all the regulations of commercial, investment, and insurance intact and all the banks had to abide by them, The new bill increased regulations in all three areas. So how can you replace a bill with an even bigger more regulated one and call it DEREGULATION?
mickeysears 1 year ago
@humaner If you were so worried about "Corporate Profits To CEO's" then why just blame the Republicans? Weren't the Democrats also responsible for passing the bailout bill that allowed the very ones that caused the meldown to make even bigger corporate profits? Isn't it this Democratic administration that have appointed a dozen executives from the largest banking firms into financial advisors?
mickeysears 1 year ago
Yep, when the shit hits the fan. They all show their true colors, even FOX. Goldman Sachs is the cause of the economic collapse, the failed housing market, and the suppression of gold prices. They make money of of destroying things. All these crooked Wallstreet and world bank douche bags should be put in labor camps for life.
st4ticblu3 1 year ago
@st4ticblu3 Don't forget Fox was the arm of the Bush government that created 24/7 war mongering stories before the attack on Iraq. As well as attacking Health Care and anythings else that has to do with decreasing corporate power.Kristol is a sick little shit and also a war monger.Sick little shits screwing with good Americans minds .
humaner 1 year ago
Funny thing is Goldman couldnt have done what they did had the government not interefered with government insured bank deposits.
The government is just as much to blame as GS.
The government (Bush and Obama) is the man that handed a child (GS) a loaded gun.
And now the government is upset at what the banks did? lol...
treysparker 1 year ago
@treysparker
Reminds me of when they slammed the banks for ceo bonuses, when Chris Dodd(D) was the one who added the allowance for bonuses to the bill himself. Why? Because he got a phonecall from Tim Geithner telling him to do so.
And we're mad at the banks? LOL
treysparker 1 year ago
Last night, Shawn Hannity was so upset about the way congress treated these Goldman execs. Of course that's no surprise but still shocking to see it. Fox News tends to ignore the wrongdoings by Goldman and focus on how they are treated. I don't think Goldman really gave a **it about their clients so why should the execs be treated any differently.
mikeg7212 1 year ago
@mikeg7212 ... except when the Democrats don't do something about it, when they turn around and say that Goldman Sachs are their biggest contributors.
They ALWAYS find a way to attack, a reason to complain. They are a bunch of pussy little crybabies, and they get paid a lot to be pussy little crybabies complaining about everything.
dangerouslytalented 1 year ago
as Obama said back in 2008, "To turn the nation socialist you first have to get as many people on welfare (that welfare can come as unempolyment as long as the US government is paying it), then shut down the banking system. And to do that we have to take total control over the banking system and call it reform".
MrSTANDFORAMERICA 1 year ago
@MrSTANDFORAMERICA What´s the source for this qoute and where did he say that? ODdly google comes with nothing
Wtfgames 1 year ago
@MrSTANDFORAMERICA Where did he say this? Can you give us all a source for this quote? Because I can't find it anywhere. Not even a sentence fragment of it on google. Can you give us all a direct quote?
dangerouslytalented 1 year ago
Has that pea brained idiot Kristol ever been right?
loonmaniac 1 year ago
Kristol and the rest of the Jews need to go...warm up the ovens.
kthorn612 1 year ago
Put those emails up on the web!
White collar crime is CRIME you sack of poop. Kristol is scum.
CityzenJane 1 year ago
@CityzenJane Put Levin and his staff's emails on the net.
Mike222222222 1 year ago
@Mike222222222 Guess what - I am fine with that too. Your point?
CityzenJane 1 year ago
Fox "News" is a disgrace.
mdey1970 1 year ago 15
Fuck Fox News, Fuck Goldman Sachs, and Fuck Anyone Who Defends Them.
AnotherAgnostic 1 year ago
This is bigger than I thought it would be shit
gunsmonkey22 1 year ago
BTW, this guy with his pretend show keeps saying Goldman stole taxpayer's money. They haven't even been accused of that. What an idiot.
Mike222222222 1 year ago
@Mike222222222 You are ignorant of this subject, and it is embarassingly blatant... why don't you learn about it, then make informed comments? Do you not care that you sound so stupid?
EziixPked 1 year ago 2
@EziixPked I couldn't care less if a child like you doesn't grasp the first thing about how markets operate and is willing to be manipulated by politicians trying to deflect attention from their own contributions to the meltdown.
The same people that beat on banks for years to write mortgages to people who couldn't afford them are going after banks like C, BAC and WFC for, wait for it, writing mortgages for people who couldn't really afford them.
Mike222222222 1 year ago
This guy's a clown, and clearly doesn't understand markets. Goldman didn't write mortgages like this idiot said and there's nothing wrong with being short the market. Both sides of every trade knows theres someone on the opposite side of the trade. This is demagoguery targeted for dimwits.
Mike222222222 1 year ago
@Mike222222222 Seems that you don't understand the issue at all. No one is saying Goldman writes mortgages. However, they do put together financial products (a CDO, in this case) based on underlying mortgages. Goldman has been charged by the SEC of violating material disclosure laws by selling a CDO to an investor yet not telling the investor that the CDO was created to fail in order that others (inc. Goldman) could profit by shorting it. The emails seem to support this allegation.
agl125 1 year ago 3
@agl125 I should correct myself and say that the emails seem to suggest that, in general, Goldman sometimes shorted its own products (at the expense of its clients). I don't know if the emails were specifically referring to the case in the SEC allegation.
agl125 1 year ago
@agl125 The Senate committee is taking great pains to confuse the requirements GS and others have when operating as a market maker, as an issuer and as an underwriter. Rating agencies reviewed the underlying securities and the details of them were known to all.
There's nothing at all wrong with GS selling an issue and or making a market in it and shorting the same security in their propritery trading account. It's a common practice.
Mike222222222 1 year ago
@Mike222222222 a friend an institutional broker and partner - he said 50% of the industry is made up of criminals more than once. Crime is par for the course...common practice if you will.
CityzenJane 1 year ago
@CityzenJane when all else fails, you can just invent "friends" and make up quotes....
Mike222222222 1 year ago
@Mike222222222 You just keep thinking I made it up cupcake - whatever lets you sleep at night.
CityzenJane 1 year ago
@agl125 I understand the issue well, which is why I pointed out that the clown in the video made a fool of himself saying GS wrote bad mortgages. These things weren't created to fail, that's a talking point for the financially iliterate. GS was long many of these and would never have been if they designed them to fail.
Mike222222222 1 year ago
@Mike222222222 Goldman didn't write the mortgages. They packaged them and sold them to clients at the same time they were betting against them (i.e. shorting them).
mb7668 1 year ago
@Mike222222222
whatever FUCK THE BANKERS
Wtfgames 1 year ago
@Wtfgames Now there's a classic example of a mouth breather.
Mike222222222 1 year ago
oh come on. this is truly bias propaganda. Goldman Sachs hasnt been proved guilty of fraud so why is everyone so ignorantly throwing around statements of fraud. this guy isnt even a proffesional journalist for this exact reason
bearstearn3 1 year ago
i suspect that Goldman Sachs has been "boosting" the share price of "fox news" to lure the suckers in...
grahamkeithtodd 1 year ago
I am short Goldman Sachs, sweet justice !!
ciberwarrior 1 year ago
I'm not a big fan of TheYoungTurks or his political views, but this was pretty informative. However, I do have one big problem with his need to resort to using the views of Bill Kristol in a 2-minute segment to stereotypically mudsling Fox News, but worse than that, conservatives and Republicans in general. It's useless and hypocritical. He's just brainwashing his young viewers into his ridiculous progressive agenda.
conspirator272727 1 year ago
I really hope Goldman Sachs gets in deep trouble. I don't want to be a conspiracy theorist but I think they did have a hand in causing the Great Depression and the latest Housing Crisis.
MasonsTurtle 1 year ago
Why are banks allowed to make these bets? They A) serve no social purpose and B) are dangerous.
nomis101uk 1 year ago
Why is William Kristol allowed camera time and a microphone ? The guy is dead wrong whenever he opens his pie-hole ! I mean always wrong. It's downright scary. You'd think by random chance he'd be right once in a while.
bburkie55 1 year ago
i like this !!! JON STEWART STYLE !!!
tp024 1 year ago
fuck jews
NORTHERNKONFLIKT 1 year ago
at least William's knew what he was talkin about.
elmirasahar 1 year ago
Cenk is an unstoppable driving force.
Harrison3377 1 year ago
Good point Kristol--- we should release the emails of the senators staff!
wpiman 1 year ago
Lets see: This stuff was released legally.
They take a couple of emails from the climategate thing, and deliberately misinterpret them, and go orgasmic with "GOTCHA", even though there was no proof of any kind of fraud... But then, when people commit deliberate fraud on behalf of rich people it's OK.
dangerouslytalented 1 year ago
It's clear that Fox News has the best interests of the people in mind. It's clear.
xxEROxxSENNINxx 1 year ago
@xxEROxxSENNINxx ... but which people?
dangerouslytalented 1 year ago
Chris Wallace snickering makes my hair stand on end. "sellout" just like his dad.
MpowerdAPE 1 year ago 2
@comics4komix It's you who should go back to the 1930s. The Nazi died 60 years you freaking idiot. Well, except for those in Israel, Because that's what the Zionist really are, a bunch of racist Jewish supremacist. Do you have any idea how stupid you sound when you call someone a Nazi? When it is Israel that has been involve in the biggest racist campaign in modern history and still is today. And that is the ethnic cleansing of the Palestinians.
see next post...
MustacheVerra 1 year ago
@MustacheVerra Did you know the Palestinians where Semite? The reality is that the real anti-Semite are in Israel. The Zionist who are mostly white Caucasian, have been involve in an ethnic cleansing campaign against the Palestinians for the last 60+ years. You call me a Nazi? I never kicked anybody out of their homes to then give that house to Jews, the Israeli do that. And they do that everyday defying international law.
Racism is a huge problem in Israel. And it is a the government level.
MustacheVerra 1 year ago
Fox is defending goldman sachs because who know how much money the owner of fox news have in goldman sachs.
rollingcan 1 year ago 14
@rollingcan Actually, Goldman has always been a Democrat leaning firm. Their employees gave $1,000,000 to Obama.
Mike222222222 1 year ago
@Mike222222222 goldman sacks gives money to "winners" period. and you would have been insane to think there would not have been a dem. POTUS after 8 years of G.W. Bush. how was it you didnt know? stop skipping your meds.
MpowerdAPE 1 year ago
@rollingcan Funny the Goldman Sachs gave more to Obama for his election than all the others running for president combined.
MrSTANDFORAMERICA 1 year ago
@MrSTANDFORAMERICA So what's your point? They donate money in an attempt to buy politicians; Obviously it didn't work on Obama. You can go away now.
NewYorkCityUSA7 1 year ago
@comics4komix I didn't say i didn't believe in the holocaust, idiot. What i said is the holocaust served a purpose and that was to incite Jews and the world to support Zionism, to attract sympathy in the world when the Zionist were gonna ask for the creation of a Jewish state at the UN. The Zionist could have saved those Jews easy. Hitler offered them. But the Zionist let them die because they knew they could use this crisis to convince Jews to support them.
see my next post....
MustacheVerra 1 year ago
@MustacheVerra You see, the Zionist quickly realized the Jews were not gonna leave their homes, families, jobs etc.. to follow a groups of right wing nuts who heard from a guy who heard from a guy... who hear from Moses, who heard voices in the desert. Of course they were not gonna come. So they st force Hitler to send 50 000 Jews to build Israel and them sacrifice the others for the greater good. Meaning, to scared the Jews into supporting them. But 1 Jew eventually found out...
MustacheVerra 1 year ago
rednecks! no wonder the world hates you
cat22203 1 year ago 9
@cat22203 rednecks don't have any money.
MusaJames 1 year ago
@MusaJames El stupid redneck, you should know that the wealthiest rednecks live in in Texas because it IS rednecks who control most of the oil industry in America, hence the banks, investments, etc! Just look at the Bush family: the most prominent example of uncultured, rednecks, typical Americans!
cat22203 1 year ago
@cat22203 Thats funny. The Bush Family is from New Hampshire. George W wasn't even born in Texas. He did graduate at UT. He graduated at Yale. Listen to his family he is the only one that has a "Texas accent". Maybe you should read more.
MusaJames 1 year ago
Sure Bill...you can see Levin's emails. As long as we can see every communication to and from Ken Starr during his witch hunt...oops, I mean very serious investigations.
geoff2204 1 year ago
Listening to Bill Kristol talk makes me want to stick a fork in my thigh to dull the pain, lol
Ajacks1911 1 year ago
I am not sure what Bill Kristol has on Fox. Otherwise, just based off of the wacky and totally inaccurate analysis and predictions he gave for how well the War in Iraq was going in 2003-05, he lost any sense of credibility with me. Now whenever I see him offer an opinion on anything I know the opposite must be true.
gregwi562 1 year ago
this is disturbing how the government can go into a PRIVATE company, steal their e-mails, then sort through all of them for something incriminating. the last time i checked we had a CONSTITUTION (although a liberal would never know it) that forbids illegal search and seizure, and if i remember correctly the creed is "innocent until proven guilty" not "innocent until capitalist" levin should be investigated, not goldman.
tehant1liberal 1 year ago
laughing out loud @tehant1liberal
Blasphemer2 1 year ago
@tehant1liberal Nice trolling. I really enjoyed that. So you think the constitution protects corporations, that have been charged with fraud, from having their emails seized (with the blessing of the corporation in question)? And that the release of the information proving their guilt is somehow infringing on the creed of "innocent until proven guilty"? Not that someone who uses BIG LETTERS to make an INANE POINT would listen to something called FACTS.
zemo231 1 year ago
@tehant1liberal ..... you do realize the Goldman Sachs gave the government the emails, right? And not only that, but it says illegal search and seizure without a warrent or probable cause, and there is certainly probable cause to suspect goldman acted illegally, in any case, so it would have been a joke to obtain a warrent. It is you who doesn't know anything about the constitution. But then again, you are a stupid troll, and I shout stop feeding you.
atlant80 1 year ago
@tehant1liberal when you're under investigation (just like all criminals) any evidence that can be provided to determine gulity or innocent fate is needed. Why don't you read a criminal justice book & fall back from your version of the consitution.
shawnldb2004 1 year ago
@tehant1liberal You are a fucking brain dead idiot. I'd pity you but you really need to be exterminated you fucking dunce.
nilbud 1 year ago
@tehant1liberal So it is ok for FOX to do it with the climategate stuff, and go through all THEIR emails and do everything they could to misinterpret them, but it is not OK to go through emails when there is billion dollar fraud happening (which you, as an American taxpayer paid for)... The American constitution forbids ILLEGAL search and seizure. Not ALL search and seizure.
dangerouslytalented 1 year ago
@tehant1liberal Goldman ceased to be a purely private entity the millisecond they accepted a federal bailout. But hey what are a few facts here and there, right? Reality has a liberal bias after all...
Capng123 1 year ago
The SEC actually requires public companies' top officers to have all their emails logged for auditing
XanderCDN 1 year ago
'I gotta give Juan Williams kudos, I would have cleaned their clocks when they started laughing
RattleheadIV 1 year ago
Y'all have it out for fox, and I can respect that. I just want you guys to also shoot for the spineless people at CNN who can only claim "fair and balanced" because they rarely report any politics.
Nejitheultimate 1 year ago