Rachel Maddow Show: Planet Money, Explained

[centurion180ad]

Mr. Maddow, WE DON'T GIVE A RAT'S ASS ABOUT BARKY!

Stop talking about IT.

The debt is the God damn DERIVATIVES, of 1.5 quadrillion that our government of treson perpetrators have signed us up for.

ARREST THE GOD DAMN BANKERS

BANKERS ARE THE ENEMY

[jpkm123]

Oh dear

Did Rachel pre vet these guys?

They didn’t quite trumpet “it was all the big bad financiers” line she was hoping for

Rachel you know why you feel bad, 2 guys who are very very unlikley to be biased in favour of the banks, came out and said "the banks were one factor amongst many"

[Ayechihuahuaman]

They are being faithful to the facts. The crisis was, as we say,

"overdetermined" but yes, the markets for derivatives and mortgages were under-regulated, and too many people, at all levels, took on too much debt. THAT is as simple as one can make it.

[HeadoftheFed]

Why should those states take the stimulus money? They payed for it or at least their kids will.

I'm with the government and I'm here to help you all because i know more than you.

PS

Why is every on in debt? Could it be because the fed has devalued the dollar?

[g4macdad]

HUH?

[srchoed7]

Are these guys saying anything, it doesn't seem like they are saying anything.

[askmieke]

She is a ball face LIAR, and surprised about our consumer and government debt? Why do you think the govt. is bailing out the crybaby banks, who should take their licks like the rest of us.

Rachel, you should do your homework before you ask stupid questions.

[xhagast]

I get what they are saying about there being no single cause, no simple explanation, no single villain, not just one reason. Still, if you smoke nonstop chances are you get cancer or heart problems. If AIG and its clone institutions had not existed this mess would have been smaller and easier to fix. If companies that are too big to fail had not existed we would have saved a few hundered billion bailing them out.

That is something.

[Mahoivlich]

Government and political campaigns need to be reformed also. It is not until corporate contributions and lobbying are abolished will the American people ever hope to have the interests of the people be on par or above corporate interests.

[Hereticbooks]

These 2 guys can't seem to say anything definitively. They're too wishy washy to be trusted.

[mistergarth]

"They're too wishy washy to be trusted."

Huh? You only trust people who give you nice little fairy tales with good guys and bad guys? Anything remotely nuanced is unreliable?

If they said "the Frapperstat Deregulation Bill of 2003 caused the whole problem. Repeal that, and everything will be peachy" you'd believe them?

[waltermh111]

conservatives think they have all the answers and that if only the "true" conservatives were in charge the world would be a better place

There is rarely a simple answer, and rarely a definitely right answer

I do wish these guests would stop saying that just because they cant give just one answer they wont give any answer. It felt like one of the guys was tripping up on that idea

But either way, somebody like them is likely to be more trusted then somebody who based their blame on ideology

[jpkm123]

@waltermh111 "conservatives think they have all the answers " you could say the same about all the liberal commtators who have decided to say it's all the banks fault. Maddow must have been disappointed if she thought this pair would just rubberstamp an all out criticism of the banks and financial istruments. They're being honest are clearly knowledagble. Anyone who thinks they're wishy-washy or thinks that they wasted their time watching this is a moronic simpleton

[waltermh111]

@jpkm123 Actually, we are quite broad in our answers. Liberal side is alot more broad than the conservative side, but we live by the idea of compromise.

We arent a lockstep party or social group, which is also our weakness in politics. So no, you cant say the same.

You can say that most people of any group think they have all the answers. Such is humanity.

Now I do agree that the banks are one of the biggest problems right now. But even economists agree that banks were the biggest problem.

[waltermh111]

@jpkm123 They did the speculative gambling, they signed up the bad loans (most of them from banks unregulated and unobligated to FM&FM if your trying to go there.)

As for the interview. It doesnt sound like she expected anything from them. After all, she read their works to have them on, and even asked them to talk about the governments role in the issue. She wanted them to discuss things beside the banks. So it sounds to me like your a partisan hack who only saw what you wanted to see.

[jpkm123]

@waltermh111 On the contrary "Maddow must have been disappointed IF she thought this pair..." Notice the IF? Make no mistake RM is far superior to shills like Olberman and I credit her fully for actually not interrupting a pair of clearly unbiased and well-informed guests. But why she would feel worse because of what they said I can think of no reason otherr than it didn’t fit a pre-existing view.

[jpkm123]

@jpkm123 As for the banks, the real issue is the Fed Why were the banks running around trying to source all these deals because they had investors, pension funds etc looking to load up on higher yielding paper. Rates should never have been cut . The 90's speculative bubble based on low rates, which burst just after Clinton , left. Rates were then kept low to kick the can down the road by inflating another bubble and stimulating measures were taken, now Obama has done more of the same.

[Prophetess7]

I agree. I feel like I just waisted 10 mins of my time listening to these two.

[kargenlewis]

we got scammed thru ignorance. now lets wise up and take back our money!

[goldgrif]

the money really isnt ours, that is why for years that local "money" and trading/bartering was frowned upon

[ndvuncle]

Yeah, goddamnit. We have to take our money back thru ignorance. But if China comes to take their money back, we should play possum. Sadly, it seems many of us are truly dumb fucking possums.

Don't look to hard.