Naomi Klein Discusses Bank Bailouts on MSNBC

[CrowdPleeza]

Well as far as Fannie and Freddie Mac both have had executives sued by the SEC for fraud related to subprime loans. These are the first charges brought against people connected to the financial collapse.

[vince33x]

This woman is an inveterate liar. The Bush administration tried to reign in Fannie & Freddie and Democrats Barney Frank, Chris Dodd, and Maxine Waters blocked Republican efforts to regulate these government created corporations.

Of course David Shuster doesn't have the "stones" to ask tough questions like: "If that's the case and this is Bush's fault why did Frank, Dodd, and Waters block Republican efforts to reign them in 2005?" Shuster and Klein, just shills for ever-expanding government!

[rickbar123]

@vince33x YEA SMALLER GOV. The Eggs will kill you, the spinch will kill you, the peanut butter will kill you, the Gulf is full of oil. SHRINK THAT GOV.

The Dem tried to block it, yet we dont see large numbers of black home owners defaulting do we ??? Lets face it ya bullshit RW fuck turn off the radio and read a book. Try Free Fall by Stigletz, you might learn something.

[vince33x]

@rickbar123 Nice comeback! Why don't you try arguing with facts instead of name-calling. Typical Left-Wing moron!

[rickbar123]

@vince33x Your facts come from the radio. Thats not fact, thats agenda. Thats a fact.

Now I dare you to pick a page in her book and argue it. The problem is, reading a book forces you to think for your self. You dont want to think for your self. Beck wants to think for you, so you let him. You cant argue facts because you dont have any, all you have is Becks agenda.

[vince33x]

@rickbar123 So, if I'm to follow your logic, when the radio tells me there's been a wreck on the '405' it's not a fact. I think your "facts" are a little fractured my friend!

Beam me up Scotty!

[jkirk1626]

Delousinal nonsense. Bush's ownership society never intimidated private issuers to make risky loans. That was Democrat policy: Fan, Fred. This woman is a liberal arts deg who knows nothing about economics. Gotta hand it to MSNBC.

[razerfish]

Blame low interest rates. Cheap money finds it's way into asset classes every single time. Has been happening ever since we set up Central Banks to manipulate credit and currency. You can't write enough regulations if you have that incentive. Kill the Fed, you don't have artificially low rates driving bad investments and speculation and hence, no need for regulations. Naomi is a piss poor economist.

[johny344]

wow, she has taken facts and spun them horribly. It terrifies me that people will agree with this lady.

[vince33x]

@johny344 Yea, idiots like Tavis Smiley on government-controlled TV (PBS) give this buffoon a forum because her baloney fits in with Obama's fantasy that the economic crunch was caused by "Wall Street Greed." It Wasn't! Primary culprits: CRA; Federal Reserve; Fannie & Freddie. And while Republicans bear some culpability, it was Democrats who passed the CRA & created Fannie & Freddie and blocked regulations supported by Republicans who wanted to reign in their buying of high risk mortgages!!!

[royaltetley]

EasyEs, you don't really know what you're talking about. Thanks to Paul Martin, Canadian banks were *NOT* deregulated. They have to keep high risk assets on their balance sheets and therefore Canadian banks are doing better than most banks around the world. Regulation works, it's just about having a smart balance between too much regulation and too little regulation as has been the case subprime mortgage crisis, dotcom before, Enron, Long Term Capital Management, S & L, it's been a long list!

[Invirtuo]

idiot!

[EasyEs]

Americans don't listen to this women. Us Canadians don't.

[rorygallard7]

speak for yourself

[EasyEs]

Really? You believe what this women has to say?..seriously don't, you'll be better off.

[rorygallard7]

Have you even read the Shock Doctrine or any of her books? Her beliefs are very well founded and she is quickly becoming on the most respected Canadian journalists of our time... American's, do listen to this women and read what she has to say before you criticizer her...

[EasyEs]

I didn't read all of No Logo but I read shock Doctrine and it was terrible. She in some cases makes up facts and comes to some very flawed conclusions. The American financial markets didn't fail due to de-regulation. They collapsed because a declining export market took the rug out from actual value on banks balance sheets and all they had left were toxic assets left that were forced on them by the federal government.

Canadian banks had no laws preventing them from lending in this way.

[axe863]

@rorygallard7 Shes not a complexity economics. Hell she isn't even a mainstream economist. I haven't read her books but I heard a sufficient amount of her utter ignorance to make a fairly informed construction of her beliefs.

[ngonea]

EasyEs - your right, bailouts are cover up for Bush & Clinton era see:

"Who Is Leo Wanta?

FollowThe money all the to "The Ante Chamber"

Goldman Sachs is the main one to check

[2resident]

seen it yesterday! lets chat

why cant i see the video Jp

[Onetimerule]

Capitalism is dead.

[resystm]

yeaaaaaaaaaaaaaaaaaa!!!!

[zorbacci]

It has been dead for a long time. The cancer of socialism is still sucking off the dead host.

[batgirl791]

Capitalism was declared in 1913 with the Federal Reserve Act.

[jonLukasC]

central planning is the fed which is not capitolist you retard

im sick of you commie fuckers

[batgirl791]

yeah, I meant "declared dead". typo, not retarded...haha

[jonLukasC]

ohh

[UncleRico13]

Richard S Fuld...Lehman Bros Chairman!

This cracker should have sought advice from WU TANG FINANCIAL.

"Diversify ya bonds, nigga!"

Protect ya neck!

[connielane]

Taxpayers are supporting the rich while the people suffer more and more every day! Those who do support and approve of the current administration must be the elite or the mentally disabled. And who are those who would vote for more of the same?

[randompal]

supporting the same old parasites that have been doing it for centuries, perhaps as far back as the time of the pharaohs;)

[j0hnwi11iams]

Market fundamentalists want to have their cake and eat it too. They want the government guarantees without the government oversight, and then when the whole thing comes crumbling down they want to rinse and repeat. ENOUGH.

[CircleBastiat]

@j0hnwi11iams

Market fundamentalism refers to unfettered laissez-faire capitalism. Fundamentalists by definition do not want government guarantees because it entails intervention. Therefore you just contradicted yourself.

Free markets didn't bring about the collapse either. One key attribute of a free market is an unregulated price that is allowed to fluctuate according to supply and demand. The price in the money market was arbitrarily held down by the FEDERAL RESERVE. Learn something.