Mark to market is good most of the time, but the fact is that certain assets just aren't meant to be sold/cashed in for some time. Think of savings bonds or certified deposits. I think there should be some room for this consideration in the evaluation of the worth of assets.
The fact of the matter is the financial reform act would of done nothing if it was in place when the housing market collapsed. Simple reform reinstate the Glass Stegall Act so banks cannot operate as casinos anymore. There agenda is bigger government and more power andthey a succeeding.
@gone556 Most dems don't like to hear it, but you can thank Clinton for that, as well as the fed at the time (Greenspan) setting interest rates at zero. Clinton actually did more to damage this country in the long term than even Carter and Reagen. And from Clinton, it's just been going down hill very fast.
Isn't the root of all evils campaign finance reform? If you cut the flow of money into Washington and end corporate sponsorship, won't the rest take care of itself?
I agree with a lot of what you were saying, except for breaking up the big banks. It has nothing to do with them being too big, it's has to do with them being over leveraged. They have the country at a point where we need them as much as they need us.
1/3 of what "we" wanted? don't be surprise; we could have accomplish more if the Senate did not take so long to reform health-care, b4 Senator Scott Brown won and the dems lost their supermajority. now they have to water down stuff and cannot produce the results that was want 2 strongly fix the financail system. and of course those democrats in Senate that are pure sellouts.
since congress refuses to address the systemic problems that created this financial crisis, it dooms us to relive a similar meltdown in addition to the new, exotic collapse the sophisticated suits on wall street are innovating
Look, we can bankrupt these big banks and put an end to their BS by just not using them. This is one time when free market principles WILL work (there are others, but not as many as the conservative/libertarian movement want us all to believe).
i hate to brake this to most of you but we can;t change a damn thing. the only way is to use the system as it is now and to gain the resources to actually change this system. maybe if we all banded togehter and each took out like $100 000 loan and combined that money to buy some business and gain more profit so that we can compete or all 300 million have to stop working and go on protest
Ugh even if we don't bail out the banks next time it doesn't matter because they economy will tank, 90% of the average salary earners will lose their jobs, but the CEOs will still rob the place before they leave.
Um, this bill came out a LOT stronger than I thought it would, so i'm pleased with it. No bills are ever perfect the first go around. Social Security sucked ass when it first passed.
USA has NO Capitalism, USA HAS Corporatism/Fascism.
USA has NO Democracy, USA HAS Plutocracy.
USA has NO Constitution, USA HAS Patriot Act, Drones, Blackwater, False Flag Attacks & Lies.
USA has NO Politicians/Reps, USA ONLY HAS Neocon Zionist Corporate Lobbyists working ONLY for Corporations, Fed Reserve, "Business Roundtable" & AIPAC/PNAC/CFR
USA has NO Political Parties, USA ONLY HAS NEOCONS & AIPAC IN DC AND NEOCONS, ZIONISTS & CEO's IN POWER.
This is really the Obama legacy in a nutshell... A couple of minor changes - decent, but highly incomplete, and possibly to the point where the legislation works against itself in the end. But ultimately, both sides are getting something out of it.
So when the Republicans try to tell you how Obama is steamrolling them, or that he's a Socialist/Marxist/etc., they may as well be calling themselves so as well. This is just what I thought would happen, except I thought people would come together.
@magx01 That's the typical tyt audience for you. That's the majority of the audience Cenk typically caters to. They only understand right vs. left, left vs. right, but when it comes a serious issue like this that affects us all, it goes right over their heads.
@seanboy80 as compared to what? the braindead faux news and cnn audience? rush limbaugh audience? all the one issue voter jesus freaks in this country?
The thing I love about Cenk is that despite all the horribly depressing crap he has to wade through and report on each day, he still manages to stay upbeat and optimistic. He still wants to give you a sense of hope, both in what he says, and how he often responds to what is essentially a lot of terrible news. Thanks Cenk. Proud to be a paid TYT contributor.
@topgear421 Yes they did. They even had 10^27 Z$ bills. Of course, that was completely useless. Printing money to finance policy is tapping into the trust in the currency to acquire (steal) economic wealth. That trust is depleted quickly. It always leads to massive inflation. In this case, inflation is masked by China. The yuan is coupled to the USD, so the Chinese people are working to provide the value that is represented by the money, but isn't there. China won't do that forever.
It killed me to see Rachel Maddow kissing the administrations ass last night by hailing this to be in so many words a "historic" moment of "real change".
@jgar6 yup thats why you can;t trust any news coperation. the only team they play for is the team that pays them. my advise is to watch as many news outlets on a giving topic so you can form your own opinion because they all ahve some points, the only problem is sniffing out the B.S.
I'm sure the extreme libertarians are all celebrating. To them, all businesses will regulate themselves properly and everything will turn out for the better.
@2484Stryker I'm libertarian and you have no clue what your talking about. Try reading a few books and turn off the TV and the simpleton youtube vids.
@19TEC85 I'm well-aware of what the majority of libertarians think. I'm speaking of the extreme libertarians that I've seen posting on youtube and other forums. Most likely, I wasn't talking about you.
@2484Stryker Well, actually libertarians don't like it and say that the crisis was done due to gov't intervention in 2001.
An example of what they will do: some will like to have regulation on fast food and soda. Well, they use cornsirop at the place of sugar because corn it is cheaper. Why that? Well, corn is subsidized in farm to be cheaper, so we produce too much and some industry finish to use it to replace sugar. The solution for them is to stop the subsidize at first hand...
everyone that stripped the bill of it's teeth should be voted out of congress or the white house.. there isn't much time left before the country collapses from the corruption these people force on the nation...the republicans and blue dog dems are beyond corrupt they are treasonous...if it gets much worse there may be civil unrest and it won't be just the tea baggers
The bill may not have been what it should have been, but it's a step in the right direction, and from here we can grow on it. Better half a loaf of bread than none, and I'm glad the Conservatives are being less stubborn.
I totally agree with Al Franken, but then again I do on everything.
We need to go back to mark to market, and that's like saying we need to go back to walking on our feet instead of our hands. It just goes without saying.
Still, this is the change Obama was talking about.
Give em a chance! Jeez... this is a process, financial reform isn't over.
One problem I have with the young turks: They are quick to give republicans credit for minimal things and they are even quicker to not give Obama/democrats their due.
Shep Smith will disagree over a talking point and get a lot of credit, while the democrats will pass a bill that gets A LOT DONE and just earn disappointment.
They are still trying and I'll take these 1/2 successes as they come for now.
It's like they taught someone was going to wave a magic wand and everything would get fixed . Nothing gets done directly . This might be the 2nd big reform this administration got done . Respect that and stop hating
The Democrats legalized too big to fail. They made is so if a company overextends itself and gets in trouble then the government, e.g. the taxpayers, take it over. Of course if the company make a huge profit they keep it. The taxpayers only get the loses not the profits.
Real financial reform would be the disbanding of the corporate system. No more corporations means the people at the top are accountable for their actions. Accountability fights corruption.
Dodd and Frank are assholes cashing out. This does nothing to stop the same thing from occurring again in some other fashion. This country is truly controlled by the corporations (especially since they are people now). Too bad the rif raf don’t get that. ! I hope Frank gets a local challenge or resigns. S
I agree with all you just said. I hate the fact that these so called "tea party" protests are nothing more than the George Wallace American Independent Party movement revamped for the 21st century.
Ain't nothing populist about a movement that started by a Chicago trader/mouthpiece for Corporate America.
@willia3r : more ignorant libtard remark. The tp mvt started in 2007 - well before Santelli's rant on CNBC. why am i not surprised by libtards' race baiting?
Says who? You? You're just some anonymous dittohead Glenn Beckinyte trolling around on the web. There are millions of you brainwashed idiots around here who pretty much parrot the corporate line.
Why don't you go back to your daily Limbaugh indoctrination & leave the thinking to the big guys, eh? Peace.
@willia3r : what do we have here, a racist redneck libtard from GA.
*yawn* No, honey, the mvt was started by Ron Paul supporters in late (December 16) 2007 to raise money (money bomb) for his presidential run, you ignoramus. Go wiki / google (Oh wait, historical *facts* are like kryptonites for libtards, now go hide and keep wanking). Oh, one more thing and Santelli is a reporter, not a trader, dumbass. Ignorant and proud!
Ron Paul never described his movement as a "Tea Party" movement. That was coined by the media & hijack by morons like yourself who wanted to bring some kind of legitimacy to what otherwise is a solely Corporately iniated effort.
Also, I have wikied Rick Snatelli. He started worki at the Chicago Merc Exchange as atrade & order filler 1979, fuckface. He didn't start reporting until 1999 with CNBC. Oh yeah, I have one more present for ya, buddy....
@fret2424 agreed... still, is it better to take a 10% improvement and have potential to work towards more improvements, or is it better to reject it all and continue to argue and push for a higher percentage? I think you can argue both ways, but in my opinion, I'll take some improvement over waiting while they argue indefinitely for more... There's my optimistic view for the day. I do still agree that American politics is absolutely a load of crap.
@jobeth2311 You are 100% correct, but (you know their would be a 'but') Industry is moving faster and more nimble then ever. By the time our government addresses one issue, several more "Loopholes" are found and exploited to death, at the expense of "the rest of us".
The plethora of loopholes already found in the HCR are a good example
Some progress is better then none, but I believe we should expect real and meaningful progress when needed 100% of the time, but will never get it,
Sweet, so nothing is fixed. Fox News and other "media" outlets acts like this is a Major Overhaul of the system... You cannot fight major corruption in a federal republic without violence. The media is against us, most American's are too stupid to figure out their congressmen does not work for them, corporations bought the government (as you can clearly see). No one who is getting a slice of the pie will want to do whats best for the country. Vote them out, and vote in another crook. PNR now.
Another great job by Obama. He is doing everything right so far. You can't change things too much or you will shock the system too much during this recession.
Why do the legislators even waste their time? This is nothing but a high-stakes game with a very small number of winners, and a HUGE number of losers (us taxpayers).
This comment has received too many negative votesshow
BTW Cenk, Thats the Fed's money, not your money. They own all the currency, once again, not your money, not the governments money, it's the fed's money
@mangaas i hope were all agreeing that the FED prints money and loans it to the US governement at interest for bonds. green paper for fancy governement paper. but it doesn;t go back to the u.s govn't, unless you mean we get it back in the form of another loan at interest.
@dhrdan i hope were all agreeing that the FED prints money and loans it to the US governement at interest for bonds. green paper for fancy governement paper. but it doesn;t go back to the u.s govn't, unless you mean we get it back in the form of another loan at interest.
Obama will go to the G20 and tell them how this bill supports his effort to clean house while simultaneously using Keynesian deficit spending to create growth...the problem is after a decade of demand side spending on war, malfeasance and disasters, we're broke, plus the banks still hold trillions on derivatives associated with the toxic assets that TYT generation has to absorb...perhaps Europe can save us because the real victory was handing off the toxic debt to the children...nice work...
This comment has received too many negative votesshow
We need President Sarah Palin for she will completely repeal this terrible financial reform bill! Palin will keep govt OUT of our financial system and keep it completely unregulated! It is not the govt's job to reform our current robust financial system.
@ecwaufisxtreme the reason the whole economy crashed is because we didn't have hardly any regulation, and the financial institutions did whatever the fuck they wanted with peoples money and screwed us all over in the end. you want LESS regulation? are you serious? they will take all our money and buy all our politicians and completely fuck us over like they are now but 10 times worse. the market depends on greed, unless you want to live in an even more cut-throat world than we do, keep it up.
@ecwaufisxtreme Your satire is fantastic! You perfectly capture the nearly religious reagard a few incompetant politicians get from thier masses of drones.
"Significant loopholes" That's the key phrase that you said.
Barney Frank and Chris Dodd are utterly corrupt and represent the Banksters.
The 'mark to market' accounting was changed to 'mark to method'(mark to myth) in March of 2009. That's why the stock market bounced back..fraudulently.
Taxpayers will have to pay for Fannie Mae & Freddie Mac which has cost us 145 billion....more than AIG cost us.
I'm getting sick just thinking about how deviously deceptive this bill is.
Folks, this is half ass change looks like. Well at least they got something positive passed. Ultimately this bill is meaningless. When (not if) the big banks need to be bailed out again for their shady practices, our government will willingly hand over billions of taxpayer money to these crooks all in the guise of too big too fail.
I love this, give just enough to make a small difference so Democrats look like winners and make complaints look pathetic while making them still feel like they lost. Man, I hate this system. I cannot wait for a green president.
maybe we need to do like the greeks n french and fill the streets and smash there banks....then they might take us seriously
panathabro 1 year ago
Sir - you're a little mixed up w/your financial accounting information.
ltmesq 1 year ago
sad Cenk is sad... :(
damlurker 1 year ago
Mark to market is good most of the time, but the fact is that certain assets just aren't meant to be sold/cashed in for some time. Think of savings bonds or certified deposits. I think there should be some room for this consideration in the evaluation of the worth of assets.
xmike87 1 year ago
The fact of the matter is the financial reform act would of done nothing if it was in place when the housing market collapsed. Simple reform reinstate the Glass Stegall Act so banks cannot operate as casinos anymore. There agenda is bigger government and more power andthey a succeeding.
gone556 1 year ago
@gone556 Most dems don't like to hear it, but you can thank Clinton for that, as well as the fed at the time (Greenspan) setting interest rates at zero. Clinton actually did more to damage this country in the long term than even Carter and Reagen. And from Clinton, it's just been going down hill very fast.
seanboy80 1 year ago
the root of all evil is the fed.
dayvidiot 1 year ago
Isn't the root of all evils campaign finance reform? If you cut the flow of money into Washington and end corporate sponsorship, won't the rest take care of itself?
tuber123asd 1 year ago
I agree with a lot of what you were saying, except for breaking up the big banks. It has nothing to do with them being too big, it's has to do with them being over leveraged. They have the country at a point where we need them as much as they need us.
HKUser92 1 year ago
the "young douches" lie more than FOX and MSNBC combined
TheUnitedStatists 1 year ago
@TheUnitedStatists Name one lie.
tuber123asd 1 year ago
1/3 of what "we" wanted? don't be surprise; we could have accomplish more if the Senate did not take so long to reform health-care, b4 Senator Scott Brown won and the dems lost their supermajority. now they have to water down stuff and cannot produce the results that was want 2 strongly fix the financail system. and of course those democrats in Senate that are pure sellouts.
goldenthoth 1 year ago
since congress refuses to address the systemic problems that created this financial crisis, it dooms us to relive a similar meltdown in addition to the new, exotic collapse the sophisticated suits on wall street are innovating
manonthemount 1 year ago
Look, we can bankrupt these big banks and put an end to their BS by just not using them. This is one time when free market principles WILL work (there are others, but not as many as the conservative/libertarian movement want us all to believe).
DisturbedHavok 1 year ago
Cenk is a national treasure he has to be one of the smarter men in the country
TheLambentDrudge 1 year ago
Cenk... You're speaking in another language on this vid for me, except in the last 50 seconds... @_@ I don't get this financial stuff..
iluvsystemofadown 1 year ago 2
i hate to brake this to most of you but we can;t change a damn thing. the only way is to use the system as it is now and to gain the resources to actually change this system. maybe if we all banded togehter and each took out like $100 000 loan and combined that money to buy some business and gain more profit so that we can compete or all 300 million have to stop working and go on protest
cmbsmith24 1 year ago
Ugh even if we don't bail out the banks next time it doesn't matter because they economy will tank, 90% of the average salary earners will lose their jobs, but the CEOs will still rob the place before they leave.
13lackLight 1 year ago
remember when President O'bama said that it was better than the depression because everybody could see on the net what was goin on?
EsCurve 1 year ago
Um, this bill came out a LOT stronger than I thought it would, so i'm pleased with it. No bills are ever perfect the first go around. Social Security sucked ass when it first passed.
TresJolie7 1 year ago
USA has NO Capitalism, USA HAS Corporatism/Fascism.
USA has NO Democracy, USA HAS Plutocracy.
USA has NO Constitution, USA HAS Patriot Act, Drones, Blackwater, False Flag Attacks & Lies.
USA has NO Politicians/Reps, USA ONLY HAS Neocon Zionist Corporate Lobbyists working ONLY for Corporations, Fed Reserve, "Business Roundtable" & AIPAC/PNAC/CFR
USA has NO Political Parties, USA ONLY HAS NEOCONS & AIPAC IN DC AND NEOCONS, ZIONISTS & CEO's IN POWER.
Biggest LIE EVER: "USA is Land of the Free"
halcyon0830 1 year ago 16
@halcyon0830 =( politics are just evi
idloveadrink 1 year ago
**evil
idloveadrink 1 year ago
This so called reform bill is a terrible failure.
melshorse 1 year ago
This is really the Obama legacy in a nutshell... A couple of minor changes - decent, but highly incomplete, and possibly to the point where the legislation works against itself in the end. But ultimately, both sides are getting something out of it.
So when the Republicans try to tell you how Obama is steamrolling them, or that he's a Socialist/Marxist/etc., they may as well be calling themselves so as well. This is just what I thought would happen, except I thought people would come together.
dEdGrimley 1 year ago
Pretty disheartening that the mouth shaped urinals video has twice the views this one does.
magx01 1 year ago 9
@magx01 That's the typical tyt audience for you. That's the majority of the audience Cenk typically caters to. They only understand right vs. left, left vs. right, but when it comes a serious issue like this that affects us all, it goes right over their heads.
seanboy80 1 year ago
@seanboy80 as compared to what? the braindead faux news and cnn audience? rush limbaugh audience? all the one issue voter jesus freaks in this country?
normalais 1 year ago
@normalais About the same actually, at least in the level of intelligence, perception, and attention spans. Just different political ideologies.
seanboy80 1 year ago
better than health insurance bill
which was
20% us
80% companies
pokeyugi13 1 year ago
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MrSolomonsNonEffect 1 year ago
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MrSolomonsNonEffect 1 year ago
It definitely doesn't do enough, but that's pretty much exactly what I expected.
sacredbunny246 1 year ago
The thing I love about Cenk is that despite all the horribly depressing crap he has to wade through and report on each day, he still manages to stay upbeat and optimistic. He still wants to give you a sense of hope, both in what he says, and how he often responds to what is essentially a lot of terrible news. Thanks Cenk. Proud to be a paid TYT contributor.
tuber123asd 1 year ago
Comment removed
MrSolomonsNonEffect 1 year ago
Who the hell prints a trillion dollars? Even Zimbabwe don't do that.
topgear421 1 year ago
@topgear421 Yes they did. They even had 10^27 Z$ bills. Of course, that was completely useless. Printing money to finance policy is tapping into the trust in the currency to acquire (steal) economic wealth. That trust is depleted quickly. It always leads to massive inflation. In this case, inflation is masked by China. The yuan is coupled to the USD, so the Chinese people are working to provide the value that is represented by the money, but isn't there. China won't do that forever.
grieske 1 year ago
@grieske Not at all. Issuing more currency on its own does not lead to inflation.
CmdrTobs 1 year ago
It killed me to see Rachel Maddow kissing the administrations ass last night by hailing this to be in so many words a "historic" moment of "real change".
jgar6 1 year ago
@jgar6 yup thats why you can;t trust any news coperation. the only team they play for is the team that pays them. my advise is to watch as many news outlets on a giving topic so you can form your own opinion because they all ahve some points, the only problem is sniffing out the B.S.
cmbsmith24 1 year ago
@cmbsmith24 I guess it's better to learn this @ 18 yrs old instead of 30. Still sucks tho.
jgar6 1 year ago
I'm sure the extreme libertarians are all celebrating. To them, all businesses will regulate themselves properly and everything will turn out for the better.
2484Stryker 1 year ago
@2484Stryker I'm libertarian and you have no clue what your talking about. Try reading a few books and turn off the TV and the simpleton youtube vids.
19TEC85 1 year ago
@19TEC85 I'm well-aware of what the majority of libertarians think. I'm speaking of the extreme libertarians that I've seen posting on youtube and other forums. Most likely, I wasn't talking about you.
2484Stryker 1 year ago
@2484Stryker Well, actually libertarians don't like it and say that the crisis was done due to gov't intervention in 2001.
An example of what they will do: some will like to have regulation on fast food and soda. Well, they use cornsirop at the place of sugar because corn it is cheaper. Why that? Well, corn is subsidized in farm to be cheaper, so we produce too much and some industry finish to use it to replace sugar. The solution for them is to stop the subsidize at first hand...
therrydicule 1 year ago
printed a trillion dollars. printed a trillion dollars. printed a trillion dollars. (echo's till it fades off)
RetroPlasm 1 year ago
Both political parties are corrupt and they both fucked up the bill as far as I'm concerned.
gir908922 1 year ago 2
@gir908922 Go on google, enter progressive party of Canada 1921.
therrydicule 1 year ago
So where else is a good place to move to?
fonkymaster 1 year ago
everyone that stripped the bill of it's teeth should be voted out of congress or the white house.. there isn't much time left before the country collapses from the corruption these people force on the nation...the republicans and blue dog dems are beyond corrupt they are treasonous...if it gets much worse there may be civil unrest and it won't be just the tea baggers
xadam2dudex 1 year ago
The bill may not have been what it should have been, but it's a step in the right direction, and from here we can grow on it. Better half a loaf of bread than none, and I'm glad the Conservatives are being less stubborn.
I totally agree with Al Franken, but then again I do on everything.
We need to go back to mark to market, and that's like saying we need to go back to walking on our feet instead of our hands. It just goes without saying.
Still, this is the change Obama was talking about.
Omegashadowyoshi 1 year ago
Cenk... if you believe those are good news?... you are as WEAK as obama... a sellout... like obama...
Pher0cious 1 year ago
STOP THE BANKS. STOP THE NWO.
peoplz360 1 year ago
@peoplz360 STOP THE BAKERS. STOP THE COOKIE MONSTER.
blackjamm 1 year ago
Five O'Clock in the morning last night????
Is that so?
upplsuckimcool16 1 year ago
the consumer protection agency is housed under the federal reserve bank.
what the fuck is that. that is not change
MrGnarus 1 year ago
Solution=Invest locally.
WesSideCali 1 year ago
@WesSideCali we're not in the big club. the same club that is used to beat you and I over the head daily. worst yet we paid for the club.
MrGnarus 1 year ago
Rating agencies STILL working for the banks?
Hasn't that proven to be bad recently?
GarlicPudding 1 year ago
We got what we deserved, new rules same shit. This is what happens with a two-party system.
TheUSMetalhead 1 year ago
Cenk...
Give em a chance! Jeez... this is a process, financial reform isn't over.
One problem I have with the young turks: They are quick to give republicans credit for minimal things and they are even quicker to not give Obama/democrats their due.
Shep Smith will disagree over a talking point and get a lot of credit, while the democrats will pass a bill that gets A LOT DONE and just earn disappointment.
They are still trying and I'll take these 1/2 successes as they come for now.
Mantisisland 1 year ago
@Mantisisland the consumer protection agency is housed under the federal reserve board do you feel protected now.
MrGnarus 1 year ago
@Mantisisland I totally agree with you !
It's like they taught someone was going to wave a magic wand and everything would get fixed . Nothing gets done directly . This might be the 2nd big reform this administration got done . Respect that and stop hating
TOTCD 1 year ago
The Democrats legalized too big to fail. They made is so if a company overextends itself and gets in trouble then the government, e.g. the taxpayers, take it over. Of course if the company make a huge profit they keep it. The taxpayers only get the loses not the profits.
LibertyRadical 1 year ago
@LibertyRadical socialism for the rich
MsKBrennan 1 year ago
Real financial reform would be the disbanding of the corporate system. No more corporations means the people at the top are accountable for their actions. Accountability fights corruption.
jstutz2003 1 year ago 6
@jstutz2003 100% agreed
BigBlueSpaceGoat 1 year ago
@jstutz2003 Hello, Voice of Reason.
vardoegers 1 year ago
Dodd and Frank are assholes cashing out. This does nothing to stop the same thing from occurring again in some other fashion. This country is truly controlled by the corporations (especially since they are people now). Too bad the rif raf don’t get that. ! I hope Frank gets a local challenge or resigns. S
StyngRay1 1 year ago
@StyngRay1
I agree with all you just said. I hate the fact that these so called "tea party" protests are nothing more than the George Wallace American Independent Party movement revamped for the 21st century.
Ain't nothing populist about a movement that started by a Chicago trader/mouthpiece for Corporate America.
willia3r 1 year ago
@willia3r : more ignorant libtard remark. The tp mvt started in 2007 - well before Santelli's rant on CNBC. why am i not surprised by libtards' race baiting?
tooltalk 1 year ago
@tooltalk
Says who? You? You're just some anonymous dittohead Glenn Beckinyte trolling around on the web. There are millions of you brainwashed idiots around here who pretty much parrot the corporate line.
Why don't you go back to your daily Limbaugh indoctrination & leave the thinking to the big guys, eh? Peace.
willia3r 1 year ago
@willia3r : what do we have here, a racist redneck libtard from GA.
*yawn* No, honey, the mvt was started by Ron Paul supporters in late (December 16) 2007 to raise money (money bomb) for his presidential run, you ignoramus. Go wiki / google (Oh wait, historical *facts* are like kryptonites for libtards, now go hide and keep wanking). Oh, one more thing and Santelli is a reporter, not a trader, dumbass. Ignorant and proud!
tooltalk 1 year ago
@tooltalk
Ron Paul never described his movement as a "Tea Party" movement. That was coined by the media & hijack by morons like yourself who wanted to bring some kind of legitimacy to what otherwise is a solely Corporately iniated effort.
Also, I have wikied Rick Snatelli. He started worki at the Chicago Merc Exchange as atrade & order filler 1979, fuckface. He didn't start reporting until 1999 with CNBC. Oh yeah, I have one more present for ya, buddy....
willia3r 1 year ago
This has been flagged as spam show
@tooltalk
....Here is a double barreled middle fingered salute, ordered for your pleasure...
┌∩┐(◕_◕)┌∩┐
Now how about you do me a solid favor & go fuck yourself, okay "honey"?
willia3r 1 year ago
My car needs a
new engine,
new brakes, and
new tires.
The committee refused to fund the engine in an attempt to control spending, but did approve the new tires and breaks.
Now I have a car that is still useless, but the guys at the tire/brake shop were plenty happy.
American politics!
fret2424 1 year ago 92
@fret2424
That is such an intelligent analysis of American politics
thecaliforniaknight 1 year ago
@fret2424
that is an awesome analogy.
zknix20 1 year ago
@fret2424 Freedom aint free.
jasonpalth 1 year ago
@jasonpalth And that is somehow relevent...? wait, no it isnt! its just red white and brainwashed propaganda!
joebdrums 1 year ago
@fret2424 agreed... still, is it better to take a 10% improvement and have potential to work towards more improvements, or is it better to reject it all and continue to argue and push for a higher percentage? I think you can argue both ways, but in my opinion, I'll take some improvement over waiting while they argue indefinitely for more... There's my optimistic view for the day. I do still agree that American politics is absolutely a load of crap.
jobeth2311 1 year ago
@jobeth2311 You are 100% correct, but (you know their would be a 'but') Industry is moving faster and more nimble then ever. By the time our government addresses one issue, several more "Loopholes" are found and exploited to death, at the expense of "the rest of us".
The plethora of loopholes already found in the HCR are a good example
Some progress is better then none, but I believe we should expect real and meaningful progress when needed 100% of the time, but will never get it,
fret2424 1 year ago
Sweet, so nothing is fixed. Fox News and other "media" outlets acts like this is a Major Overhaul of the system... You cannot fight major corruption in a federal republic without violence. The media is against us, most American's are too stupid to figure out their congressmen does not work for them, corporations bought the government (as you can clearly see). No one who is getting a slice of the pie will want to do whats best for the country. Vote them out, and vote in another crook. PNR now.
groam6666 1 year ago
it is naive to think that one piece of legislation will stop another economic collapse.
koreythehill 1 year ago
@koreythehill : no regulation can compensate for bad polices.
tooltalk 1 year ago
You mixed up mark to market and mark to method. You said mark to market .. twice.
dhrdan 1 year ago
Depressing...=/
CapWilliam711 1 year ago 2
this isnt enough they had there free time to do what ever they want its time to reel these criminals in
60%
1/3 ? WTF!
smdiddy 1 year ago
Another great job by Obama. He is doing everything right so far. You can't change things too much or you will shock the system too much during this recession.
burntonion05 1 year ago
the real answer is to kill all head bankers.
invalidacess 1 year ago 4
Financial Reform Bill....FAIL!
scorpionkings 1 year ago 4
Maybe after the next financial disaster the masses will demand more.
darealdjnutz 1 year ago 2
This bill is not anywhere near good enough. The thing is there probably won't be financial reform for a long time.
thehouseofhoops 1 year ago 2
Why do the legislators even waste their time? This is nothing but a high-stakes game with a very small number of winners, and a HUGE number of losers (us taxpayers).
l0gically 1 year ago 4
The fox is running to the hills and the chicken house is full of feathers and blood.
When will people wake up? and do something!
CityzenJane 1 year ago 2
I am pleased, not all bills are gonna be perfect. This one is pretty good though, yes it has cons but then again, all bills will have them.
Steanu 1 year ago
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BTW Cenk, Thats the Fed's money, not your money. They own all the currency, once again, not your money, not the governments money, it's the fed's money
GuhYeahRight 1 year ago
@GuhYeahRight Fed is privately owned...bring back Green Backs
vikingsownpackers 1 year ago
@vikingsownpackers Currency is currency, stick with it and fail, leave it behind and become civilized.
GuhYeahRight 1 year ago
Comment removed
mangaas 1 year ago 24
@mangaas Hey dipshit.... it's the Treasury. Try to learn something before you toss out opinions. son.
dhrdan 1 year ago
@dhrdan
"its the treasury"...
It's the treasury what? You trying to say the treasury IS the federal reserve? lol
DERP DERP DERRRR DUHHHH
mangaas 1 year ago
@mangaas i hope were all agreeing that the FED prints money and loans it to the US governement at interest for bonds. green paper for fancy governement paper. but it doesn;t go back to the u.s govn't, unless you mean we get it back in the form of another loan at interest.
cmbsmith24 1 year ago
@dhrdan i hope were all agreeing that the FED prints money and loans it to the US governement at interest for bonds. green paper for fancy governement paper. but it doesn;t go back to the u.s govn't, unless you mean we get it back in the form of another loan at interest.
cmbsmith24 1 year ago
Good analysis, Cenk!! Thanks for youe hard work!!
vallejoelgrande 1 year ago 5
Obama will go to the G20 and tell them how this bill supports his effort to clean house while simultaneously using Keynesian deficit spending to create growth...the problem is after a decade of demand side spending on war, malfeasance and disasters, we're broke, plus the banks still hold trillions on derivatives associated with the toxic assets that TYT generation has to absorb...perhaps Europe can save us because the real victory was handing off the toxic debt to the children...nice work...
imataxslave 1 year ago
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We need President Sarah Palin for she will completely repeal this terrible financial reform bill! Palin will keep govt OUT of our financial system and keep it completely unregulated! It is not the govt's job to reform our current robust financial system.
ecwaufisxtreme 1 year ago
@ecwaufisxtreme the reason the whole economy crashed is because we didn't have hardly any regulation, and the financial institutions did whatever the fuck they wanted with peoples money and screwed us all over in the end. you want LESS regulation? are you serious? they will take all our money and buy all our politicians and completely fuck us over like they are now but 10 times worse. the market depends on greed, unless you want to live in an even more cut-throat world than we do, keep it up.
crayyawn 1 year ago 5
@ecwaufisxtreme Your satire is fantastic! You perfectly capture the nearly religious reagard a few incompetant politicians get from thier masses of drones.
Keep up the good work!
GarlicPudding 1 year ago 3
"Significant loopholes" That's the key phrase that you said.
Barney Frank and Chris Dodd are utterly corrupt and represent the Banksters.
The 'mark to market' accounting was changed to 'mark to method'(mark to myth) in March of 2009. That's why the stock market bounced back..fraudulently.
Taxpayers will have to pay for Fannie Mae & Freddie Mac which has cost us 145 billion....more than AIG cost us.
I'm getting sick just thinking about how deviously deceptive this bill is.
RAMKING61 1 year ago 3
Folks, this is half ass change looks like. Well at least they got something positive passed. Ultimately this bill is meaningless. When (not if) the big banks need to be bailed out again for their shady practices, our government will willingly hand over billions of taxpayer money to these crooks all in the guise of too big too fail.
EhrgeizUnlimited 1 year ago 6
@EhrgeizUnlimited Half assed it is. Looks like the democrats cut their mascot in half. Obama is not the ass I voted for.
AnunnakiPriesthood 1 year ago
This has been flagged as spam show
where can I see data on the senators that voted for, against, etc ammendments etc
sparbaroku 1 year ago
I love this, give just enough to make a small difference so Democrats look like winners and make complaints look pathetic while making them still feel like they lost. Man, I hate this system. I cannot wait for a green president.
helios5868 1 year ago 2
problem contained. What will they say at the end of the year when the financial systems collapse again...
mathers3000 1 year ago
Yeah, just watch. When the bills are combined, we'll lose even more.
MedievalWerewolf 1 year ago
i wana release my cracken all over tim geithner's face.
crackerz99 1 year ago 3
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5 in the morning last night?
oJKBo 1 year ago
where can I see data on the senators that voted for, against, etc ammendments etc
boorens18 1 year ago 2
@boorens18 If you have a Droid there is an app for that.
jstutz2003 1 year ago
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ha bisky upload
kazooga1234 1 year ago
This has been flagged as spam show
tit squeeze first
taintlessfire 1 year ago
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DAMN IT! 47 seconds too late!
Epicsaursus 1 year ago
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TIT SQUEEZE
Pivotist 1 year ago