Olbermann: 'Break up the banks, bust the trusts!'

[Enaresbclimber]

Funny that in the title he calls these trusts - because he says this based on the assumption that the bankers are satisfied with the status quo w/out competition. Man Keith, read an economics book. I aso love how he calls for the CEO to be fired and I am sure that Keith would give the power to hire and fire to Obama.

[1aaaa10]

Its over 9000 !!!!!!

[enslavetherich]

@1aaaa10 I'm sorry.. What is over 9000?

[1aaaa10]

@enslavetherich Citigroup laying off over 9,000 people and other companies

[SAAGAR08]

considering MSNBC is owned by GE (which also has a finance business) and Microsoft, pretty incredibly that he could say all that....!

[999silverrush]

LOL HAHAHAAHAHAHA

ITS THE GLEN BECK SHOW

[poppanolan]

What amazes me here is that I heard Glenn Beck with a nearly identical rant. Beck assaulted big bank bailouts too. Interesting if you look at the dates of the attacks against which administration.

End the Fed. Stop devaluing our currency. Free market capitalism without government collusion is the only way to let people truly free.

[slackman7]

If Obama and Bush had let the banks like Goldman Sachs, CITI, etc, go under they'd have been broken up and smaller banks would have bought up the remaining assets.

Instead both administrations' bailout policies have resulted in fewer and even bigger banks.

Notice that Obama's "financial reform" has not renewed the Glass-Steagall Act which separated investment banking from mortgage banking which Clinton and congress took down in 1999 which led to this banking crisis.

[TheeLynnChase]

@slackman7 great comment! Keep spreading the word my friend!

[aflamil]

and please undrestand, this is a free market! free means unregulated. i have bigger muscles and i rob you no quewtions asked. we need a resource based economy and take out the money factor. monry cannot be the end goal if we are to survive

[aflamil]

wow! they let this on nbc! too bad people are such sheep and are so divided and every idiot thinks he is entitled to his own opinion when the only one should be pure reason

[duckinmypants]

One of the most important comments I have ever seen...

[JohnLloydScharf]

What is good for banks would be good for the government. We should take power away from the federal government. Senator Dodd has suggested breaking up banks to limit systemic risk. Let's try that with goverment.... You know, that 234 year old idea called STATES?

[hurryingfred]

Yeah Keith, the right calls socialism while lefties like you pretend that capitalism caused this. This mess would have been impossible in a free market. Olberman, Limbaugh, Hannity, and Matthews do nothing but produce useful idiots. What a tool.

[93msinclair]

Amazing that you think it is perfectly logical to blame private companies with who'm people chose to put their money. The problem is that the government ensured their losses with tax payers money, and Olbermann supports these very policies. It wasn't just the banks that were acting irresponsibly - it was everybody, and this behaviour was incentivised by low interest rates and government banking of mortages. But I'm sure you'd rather blame the rich like the communists you are.

[tubeiroe]

How is this show still on the air?

[enslavetherich]

Euhmmm.. :) In what way do you mean that?

The criticism Olbermann has/had towards the banksters would make him lose his job?

Or you might be thinking that Olbermann is a crappy host, and should not deserve to be on television?

Either way, I'm Dutch, and have a hard time receiving MSNBC here.. I sure loved his rant against the banksters.. :)

[MikefromMadrid]

@enslavetherich vikram is doing a great job you socialist bastard

go suck obamas ass hole

[graphattic]

Nice Channel Name...

[akamola]

Hey olby, what did Obama do to prevent this highway robbery ????

Let me guess, NOTHING !!!

[tvanland2008]

How long has Obama been in office?

[audacity226]

I think this was passes before he got there! Like october...but if they tell you the country fails unless they get money what do you do. I say shut down the federal reserve and go back to the steagal glass act that republicans pushed to remove so the banks could get bigger and bigger.\\Faults are everywhere but mostly with you the people who did not complain years ago and are too ignorant to fight back...

[tgold1968]

Neither did Bush 43, or Clinton. What's your point?

[Buckeyes1647]

yawn.. Olbermann, the size of the banks is not the problem, the problem is that Congress is dumb enough to prop up these failing companies. If Citi, AIG, and everyother bank in NY fails, someone else will pick up the slack.

[tvanland2008]

You might want to pick up a book before making the above statement

[Buckeyes1647]

What book are you thinking of? The communist manifesto?

I'm thinking of "The Wealth of Nations" by Adam Smith, or even better, "The Road to Serfdom" by Friedrich Hayek. Now those are two books that YOU should read, not politician's propaganda.

[jasrid04]

Right. The accurate name is FASCISM.

Corporatism and bonuses may be a problem but it is a distraction when compared to the attrocious Federal Reserve banking system that we have. The answer is to start following the Constitution again (something Bush NOR Obama NOR Congress seem to be able to do).

The revelution continues...

CampaignForLiberty . com

**THE ANSERS ARE NOT FOR LARGER GOVERNMENT AND LARGER DEBT. That is and has been the problem for quite some time.

[anticomie]

Ah it all ends and begins at the federal reserve keith.Everything else hes spot on.

[jacobvision]

Class economic rape !

enough

Great special comment !

give the people back their banks aka their money.