All of this trouble started in or around 1965 with this. The government should get out of business, the government is holding back business. The buiness waist money because of regulations. The government should sell the power plants to private business they can run it cheaper.
Some how, most people believed it. They put pressure on the government to deregulate. If you asked some of people to prove it. The best any one say was the business know tricks to do it cheaper. bullshit.
Yes it was barney franks he told bush to go pound sand. Some how bush got idea that some thing was wrong but barey go piss up a rope. Bush went away, so this is what we get.
Lieberman told some of bush 1 people in SEC if you want a job quite harassing the accountants. So that ass hole back off. That was about that time the new York attorney general prosecuted a big bunch of fraud in stock marked.
@HyperBorealOperator so, any more real proof? or did you jsut think naming a few places and being wrong would suffice? god are you sure you wanna talk with me i feel like im robbing some trailer park of the local beer swilling inbred sister fucking drunk.
@HyperBorealOperator modern europe? multiculturism seemed to be working fine until the economy started doing this and immigrant and brown people make nice scapegoats for idiots like you. america....really america? thats frieghteningly stupid im nto sure youre serious now...america is home to every sinle everything every race color culture religion is here this country is multiculturism. are you this stupid? do you think? you feel a certain way & then come up with reasons...backwards logic
@HyperBorealOperator circle jerk?...then allow me to pull out the historic cock & shoot some truth on your face its gonna be a bukkakke session of learning. lol rome wouldnt even have a culture if it werent for the greek if you need help in seeing how intertwined those are then i cant help you, you have a severe mental deficiancy. egypt became what it was due to being a hub of trade and a center of learning hence tolerance for others was necessity should i mention the greek connection?
@batangwaray1 clearly the Bush government increased the spending and destroyed more of the market, subsidized more of the monopolies, started wars, printed and borrowed and they kept interest rates non-existent.
Don't forget though that it started before Bush, it started with creation of the Fed and went all the way with all governments, culminated with Nixon and went terribly bad with Clinton and Greenspan setting lowest interest rates and starting the housing bubble after the internet bubble.
You can easily say he was selling a product hew knew was bad AFTER the mortgages were issued already, however the foreclosures are not resulting from these mortgages being resold as SIVs, the foreclosures are happening because the government created the housing bubble by inflating currency and by insuring expensive mortgages people couldn't pay with Freddie/Fannie.
Oh i love this argument "Mozilo is an ass, but government is the culprit." Did you know that when the laws were being changed the banks said NOTHING! Why? Their smart guys, their not dummies. And they were HAPPY with the banks picking up high risk people because the interest rates are so damn high they dont care if the balances EVER get paid off. I worked for Wells Fargo in the late 90's early 00's & they were telling us to TARGET high risk people, that was THEIR policy
Banks should be happy when gov't makes policy changes that favor them, that's how they SCREW the market.
Why shouldn't they be happy? In fact banks LOBBIED the gov't to change those laws.
However the gov't is the culprit.
If the banks were not federally insured (like in many other countries, for example in New Zealand) then the banks would have had to earn their customers' trust, but they don't have to because of FDIC.
@benympls Once gov't created FDIC, sure, it then had to counter-balance that evil with Glass Steagall.
It then only became obvious that it was only a matter of time before banks would lobby the gov't to remove the Glass Steagall because then due to FDIC they had all the cards in their favor.
FDIC makes the bank customers, who are bank CREDITORS behave irresponsibly. If you don't care where your money is, you don't pay attention where you put it, because it's 'gov't insured'
Just like with Freddie/Fannie 'insuring' mortgages, FDIC is 'insuring' bank deposits.
All of this ends up disastrously, because gov't can't insure anything, they don't understand anything about actual risk and so they take risk out of being a creditor.
Same as people felt there was no risk giving money to banks.
Banks also felt there was no risk giving bad mortgages for overpriced houses to people who couldn't afford it.
This behavior is gov't ensured by being gov't 'insured'
So it absolutely is the fault of gov't, who supposedly takes risk out of lending of money.
Be it FDIC or Freddie/Fannie, you can't take risk out of lending, because it leads to very bad behavior
Gov't mixing with business is what leads to economic crash
The creation of the Fed, the income tax, the subsidies and creation of monopolies, the regulations, wage laws, SS (which is not a savings program, it has no money, it's a pyramid scheme) etc. all of this is gov't destroying economy
@romanmir01 "Gov't mixing with business is what leads to economic crash" i agree 100%&i am quazi libertarian myself how ever this is how most libertarians lose me. Its NOT the gov't as yu said its the culmination of the 2, wich is FACISM(not socialism)! Yeah thats my point THE BANKS HAVE TOO MUCH POWER. All these tea party/libertarian idiots that claim to LOVE the founders so damn much dnt know lick! The founders said CORPORATIONS&BANKS SHOULD BE BANNED FROM THE POLITICAL PROCESS! 4 this reason
It is the gov't that is the culprit because without gov't corporations have no such power over you. You can chose to pay to a corporation or not based on services/products they offer.
Gov't MAKES YOU PAY and if you do not they jail you or even kill you. So AFAIC the one with the most power is the culprit.
Separate corporations lobby the gov't once it becomes profitable to do so and it makes sense. Gov't is the one that provides the power to lobby itself. It's the culprit.
My suggestion is to take away power of the government to mix with business and to distort economic forces by amending the Constitution to have a new rule:
Congress shall pass no law, that changes the status of any entity in a way that allows that entity to get any preferential treatment in economy.
All subsidies, regulations, income/payroll taxes, contracts, money printing, setting interest rates, etc. must be stopped.
@romanmir01 #2As you said "they needed glass stegal to balance it out but they knew they could lobby it out in time" but then you again blame the gov't as the sole owner of the down turn. thats like blaming a business man who was forced by the mob to comply as the "real culprit."Unlike the Tea Partiers&libertarians i agree with our founding fathers, that were in fact PROTECTIONIST! Corps werent able to be involved political until the late 1880's on a opinion!The 1st tea party was too RAISE taxes
Once FDIC exists all bets on banks and bank customers behaving rationally are off.
Once the Fed is allowed print the money, all bets on the value of that money are off.
Once the Fed is allowed to set interest rates, all bets on having a meaningful working credit system that benefits society in total by allowing most efficient credit allocation are off.
Once Freddie/Fannie exist, all bets on sound mortgage/credit policies are off.
@romanmir01 What your saying makes no sense&yr speaking in spin. Yu talk as if the gov't by it self came out&said were doing XY&Z. NO the banks LOBBIED them&FORCED them to do what they wanted, thats like the mob putting into the pressure on a business until it finally caves into their demands&then them being caught&saying their the culprit...NO! they're the co-culprit but the mobster that threatened their lively hood/life is OBVIOUSLY the head honcho.They dont do laws without lobbiest consent
@benympls Gov't is the one that has power to change economy, anybody taking advantage of this situation is only behaving logically, rationally and fiscally smart.
Constitution needs a change to stop gov't from changing outcomes of businesses/entities/persons in economy.
Regulations/taxes/subsidies/monopolistic protection, all of this must be ended.
@romanmir01 #1 Dude your listening to spin to let the crooks off the hook. So i guess in you dont have anything against mobsters then or them intimidating police forces to do as they please, because them kidnapping the police chiefs daughter is just rational on their end huh? We shouldnt be anger at the mobsters, we should be angry at the police chief for being such a pussy, trying to save his daughters life. He's the culprit, right? Your going off of ayn rand spin&thats all it is.
@romanmir01 To quote the Godfather "who is being naive now" JFK was killed for standing up to the MIC & the banks. If you think they wouldnt use violence, you are living in all spin. The system is broke but your ayn rand BS is Bullshit, so i guess if your neighbor discovered oil or natural gas in his back yard its nobody's business but hims how he extracts the oil/gas? even if that means your own house gets blown up because he's a drunk that knows nothing about oil production but thats okay?
@romanmir01 We need business out of gov't not gov't out of business. All the abuses you speak of WERE not done by the gov independently, the subsidies&even the over regulation was lobbied! Big business lobbiest for tougher regulation to stomp out littler business, true! but that wasnt an evil senator, it was walmart&power corps forcing them to do what they want. a congressman is a co-culprit& desreve some of the blame but they're not the head honchos here... WAKE UP!
Gov't fucks up economy that was WORKING with business only.
19 century proves you completely wrong. It started with much worse quality of life than it ended for people and it was because of businesses, not because of gov't.
The 20th century finished on a much more gloomy note because of gov't, and it had a depression in the middle because of gov't ( and not only in US).
Gov't out of business is the only solution that can fix this.
what your saying just isnt true AT ALL, life did get much worse by the end of the 19th century buts thats because standard oil bought off congress & super monoplies were in full effect. Again you misread it, business is the mob, the gov is the feeble police. i dont give me this monoplies only exist with gov BS because monopolies have been around since agriculture. Thats just historical incorrect.
@benympls you have no idea what you are talking about.
From beginning of 19 century to the END of it life became much easier.
Food became plentiful and cheap compared to the beginning. In 1800 people had 3 staple foods in their diet mostly. It was expensive. Clothing was expensive. No indoor plumbing. No cheap energy sources. No safe food. No machines to help out. No cheap accessible medical care.
End of 19 century: cheap medical workers competing for your money, plentiful cheap food
@romanmir01 #4 You really dont have any info backing what your saying, my brother worked in the meatpacking business for years& the beef console has lobbied against inspectors for years& NOW inspectors that actually have the power to stop the line only come by once a month on a PLANED date. So for 29 days they can let ANYTHING slide that want to let go& they know when the inspector comes so for that day they can be up to code but for the rest of the month anything goes, more than you think.
@benympls Sewing and washing machines, beginning of the car, indoor plumbing, cheap accessible clothing, etc.etc.
All of this even though there were some recessions in 19 century. But they always were restructuring the market to make it more efficient even though some people lost money, it never turned into anything like Great depression or internet bubble, etc.
THAT takes gov't stepping in with monetary policies.
@romanmir01 #1 Your missing my point& putting words in my mouth. I'm not in favor of gov controlling the economy& your greatly misreading history, gov didnt "STEP IN with monetary policies" the business TOOK control of gov, now does that mean i'm not pissed at politician for not standing up to them? No, they're the co-culprit& if i was the judge i'd throw em jail as well but 1 thing you left out about the 19th is SLAVERY, that changes the picture DRAMATICALLY.
@benympls First of all, without capitalism and industrialization the government wouldn't be anywhere NEAR what it is now, spending all that money it didn't actually produce or create. Gov't took over major economic decisions so OBVIOUSLY once gov't takes over decisions, such as: taxing income, subsidizing this and that, protecting monopolies... at this point there was NO choice for businesses but to get their foot in.
Businesses actually create wealth, gov't does not, but it controls it.
do not put words in my mouth, quote me a time when the gov has done any BIG interference in the market WITHOUT a big business lobbying for it. Give me an example! Please!
Government in USA was a rebellious government, that was created to get away from other oppressive natural governments of the world.
While at it, the Founders of US gov't tried their best to protect the people from the gov't, but over time the gov't learned to go around these protections, so now the plan of the Founders has failed.
Politics became careers. Barney Frank spent 30 years in House. He lobbied to be reelected and sold himself to interests for 15 times now
@benympls Clearly a House rep. spending 15 terms in the House was NOT what was meant by the Founders, but they couldn't foresee for some reason that various people with no real life experience would want to be in gov't forever.
But of-course! Gov't became a very lucrative place to be, with its huge salaries, pensions, insurance plans... all of that must be abolished.
Term limits exist for a reason, but those reasons are forgotten and basically abolished.
Gov't has failed, it became not only an expensive luxury, a nuisance but after 1913 it became a national danger to the economy and soon enough this will culminate in the explosion of an ultimate asset bubble - the bond bubble.
When it blows, the Fed will print the USD out of existence into hyper-inflationary depression and US as a country will collapse and will have a long way to rebuild itself.
Don't be fooled, understanding is half way of solving the issue.
@benympls So if gov't didn't get their hands all over the wealth that was created by businesses, if gov't didn't use the power of violence to modify the rules of the market, businesses wouldn't be present in gov't.
You think gov't exists by itself and it legitimately must exist and control the work of others and decide who wins and loses and those who are affected by such decisions will stay idly by and watch as their work is being spent by others?
i'm not arguing for the status quo, so this one about picking winners & losers makes no sense in your argument against me, i'm not an obama zombie nor ayn rand zombie. i'm somewhere in the middle so address me not others when arguing against me, i brought up ayn rand because some of things you said were straight out of her writings/mouth... think for yourself.
@romanmir01 One thing Rand never liked to talk about was slavery because in her society THEIR WOULD BE SLAVES, THAT IS A REGULATION. As i said i'm not fighting for the status quo because BIG business LOVES the regulations because they get exemptions while the little guy gets hosed. Regs need to change but to say NO regulation is just a quitters way of dealing with a BIG problem.
She ran away from the revolutionary Russia, which was based on the 'dictatorship of proletariat' in the words of Lenin himself.
Slaves existed during Tsar and after Tsar more people became slaves but in addition to that people also were killed and the fruits of their labor stolen from them.
Ukraine alone lost 30 million to Stalin's repressions against farmers. You really do not have a clue about the USSR and Rand.
i've read rands works, i know rand. So slavery can only exist in communism? So i guess we were communist during the whole 19th century! A time you quoted as a better example.... OMG your a commie! Please!
@romanmir01 #3 They're downsides to EVERY economic theory however the down sides from Rands would be slavery, explosions& huge amount workplace deaths& consumers death. Yes people will stop buying a product after enough people die but how long would that take? Along time! massive corp conglomerates would work together stop that info from coming out. As i said i'm not arguing for the staus quo just smarter regulation.
@romanmir01 #5 My brother has worked in many plants& in 1 in minnesota they had no heat during the winter& people were losing fingers do to frost bite& guess were that yummy finger meat went? You got it! in YOUR ground beef. The problem is far worse then people imagine because the WHOLE floor is nothing but illegals who are too afraid to speak up. When mad cows was a problem in canada the regulators said canadian COWS were banned from coming into the US but not the beef, why? because the cows
@benympls As a vegetarian I really do not care if some ground beef has fingers in it.
But guess what - there is no way to escape such realities in actual real world.
Yes, there will be fingers and maggots in your ground beef. And by the way, did you for a second doubt that the gov't is regulating these meat plants?
Gov't is the reason there is so little competition in the food industry in the first place! No competition due to gov't subsidies and regulations. Again, you are uninformed.
@romanmir01 #4 UNINFORMED? UNIFORMED? on meat packing haha! you have NO idea of who you are talking to you! this is why i said i'm QUAZI libertarian, i know ALL about the gov's role in food production but guess what? THE BEEF INDUSTRY MADE IT THIS WAY! Do you think our agriculture laws were ACTUALLY written by a senator? F#ck No! Their are ACTUALLY written by lobbyist! And as for "always having fingers in ground beef" how absurd! They were running plants in BELOW ZERO degees with NO HEAT
@benympls I KNOW that all major laws are written by lobbyists.
I guess you cannot understand a word from my comments even now.
The government should not have the power that could be used to modify economic outcomes for anybody in economy, be it a person, a union, a corporation, anybody.
There is no way for a gov't to have that power and not to sell itself to highest bidders.
Gov't that allows itself to have that power is CORRUPT BY DESIGN.
@romanmir01 you sleep at 3pm? okay? i'm NOT in favor of the fed as i said i'm not for the status quo but you keep putting me in the pigeon hole... why? perhaps because all you do is regurgitate ayn rand & put up straw man to knock them down. Your pathetic, go back to your snake oil sales men that has the cure for EVERYTHING! Anybody who believes that life is that simplistic is just as simplistic as a communist that thinks gov can cure everything, life is complex buddy.
@romanmir01 #6 the cows could come in but not the beef, why? cause the cows could spread it to other cows&cost the industry $ but the beef will just be eating by you& me¬ cost the industry a cent. They turn a blind eye to human meat in meat, to minnesota factories opperating in the dead of winter, give the factories a heads up when inspection is coming but if a deli has ONE "safety" violation he's up shits creek, why? cause he's the little guy. We need GOOD regulation not what we have today.
@benympls WE do not need any GOVERNMENT regulations at all
Or did you think that a private company cannot do a better job in providing food inspections and certifications than a government can?
Gov't officials have NO competition in this field, so they can set any prices, any rules. They can take bribes and you have no CHOICE but to rely on them anyway
In a free market I could choose to buy food without certifications, that would be cheaper, but there could be more than one certification firm
@romanmir01 #5 a private company to regulate? Thats 2 rich, so i guess those crediting agencies were doing a BANG up job rating all those junk bonds AAA. When private companies rate/inspects things their is a pay incentive to falsify&lie on behalf of the the corp. If a rating/inspectors told the truth about the company THEY WOULDNT GET HIRED, so essential you want a race to the bottom. Why would a corp pay money to a sum1 to make them look bad? they'll hire a firm that lies 4 em, thats rational
@benympls The Free Market of 19 century made more progress to make food cheaper, more accessible and safer than any government ever.
Gov't regulations do one thing: increase costs.
Gov't regulations cannot do one thing: decrease costs.
As an individual I want to be able to buy food from anybody I wish without any government intervention. How DARE gov't tell me that I cannot buy food from somebody who didn't pay license fees and bribes to gov't inspectors?
@romanmir01 #6 comparing food safety from the 19th century to today is COMPLETELY unequitable! Food back than wasnt organic cause a hippie wanted it that way, it was organic because THAT WAS THE ONLY WAY! Now though food is a science, wich i'm not completely against but it does require oversight since their adding chemicals to the food for protection from parasites& too grow the food bigger&quicker. So comparing the 2 centuries ONLY makes since if you want to out law use of chemicals in food.
@romanmir01 #7 these regulations werent written by law makers, the lobbyist WROTE THE LAWS& GAVE THEM TO THE LAW MAKERS(senators/congressmen). So that tells me business has no role in gov, not the other way around. Everything has a downside but 1 must way each side carefully& go with the 1 that has the MOST upside& less downside. if yu think gobal warming is real or fake doesnt matter their are REAL pollutants that need to be regulated. We need a competent gov not no gov
@benympls The gov't has NO business telling ME how and from who I must buy my food! Unbelievable brainwashing job they have done on you for you to tell me that I have no right to buy food that was not 'inspected' by gov't. And BTW, food is NOT inspected by gov't
A food producer will generally produce safe food anyway, in a free market he'd be LIABLE for any problem his food may have caused
With gov't there are all these certifications that do one thing: absolve the food producer from liability
Though I agree the government has no business telling you where to buy or grow your food here's a few things wrong dude and with all do respect
government regulations protect you from your food poisoning by the FDA, the department of health shows up regularily to restaurants grocery stores and pretty much any retail outlet that sells anything that can be consumed, and with government that's who the food producer is "LIABLE" to (for some reason you type individual words in caps)
@Saucypants1000 I type some words in capital letters to provide an accent
With all gov't regulations you still get an occasional food poisoning at a restaurant. Guess what - it's inevitable
A good restaurant will do as much as possible to keep these to a minimum regardless of the gov't intervention and you are incorrect, gov't doesn't protect me
Gov't reduces my choices to shop at competitors by subsidizing some producers and destroying others. I don't need a roadblock between me and a seller
you really are some kind of moron, I am so sorry for my earlier comment when I said "with all do respect" I totally take that back, this thread of your comments that I have just read, I have no words, I think your the chain smoking alcoholic guy I see at the bus station every day and your posting this from the library
ohh shit look at that I misspelled 2 letters in one word in a 500 word paragraph, oh crap you're right I should be sorry and everything I typed is now... how did you put it "unsubstantiated" you are so fucking right that disin... OHHHH I see what ya did there hahahaha thats great, you don't actually have an arguement to back up your type crazy talk so you're one of the guys that turns grammar nazi and think that's somehow makes you king shit or something.
@romanmir01 Brainwashing? My brother has taking me to this plants! this isnt brainwashing its REAL LIFE EXPERIENCES! Something i suggest YOU do before you just apply your BS ayn rand philosophy to everything as end all cure all approach to life & FYI snake oil salesmen are the 1's who say their a 1 cure fix to everything, food 4 thought. If you want i'll give you my brothers # in a PM & you can call em! you really are in over your head on this topic buddy
@benympls The plants are there, all government certified, which means they play by the government rules and so what is the result?
The result is that smaller start-up plants cannot even enter the business and compete. Gov't created monopolies so don't be surprised if there is no competition based on prices and quality.
BTW., your rambling is becoming very incoherent at this point, that's food for thought for you.
@romanmir01 their playing by their OWN rules, that THEY'D lobbied for! So how is it the gov's rules? ITS THEIR RULES! As i said your or should i say ayn rands views that you regurgitate is nothing more than snake oil. Life isnt as simple as NO gov or ALL gov control, both are as equally overly simplistic and are both as equally intellectually lazy. Communists& libertarians are utopian view points that like any depth hence making them... SNAKE OIL! lifes complex buddy, its not black& white
@romanmir01 #3The founders DID NOT agree with free trade, free trade was an idea of the british colonial system! it was 1 of the MAIN ideas the founders didnt agree with. Our trade policies that allowed our country to grow were PROTECTIONIST trade agreements!The founders didnt want political parties or any business influence at all. The real problem with gov't was that it became ran like a business its self! And companies used the government to suppress competition. We need business outta gov't!
Gov't is NOT ran like a business, what a load of crap!
A business has an incentive to become more efficient (in a normal market, not when gov't is subsidizing it) and it makes sense for business to find costs to cut to be more efficient.
Gov't NEVER has an incentive to become more efficient as long as it can raise taxes/print money/borrow. Once it starts collecting income taxes, once it creates the Fed, once it goes off any standard for money (gold) it has only incentives to grow.
We do need business out of government, but it is impossible as long as government sets policies on subsidies, income taxes, payroll taxes, trade agreements, regulates business, sets wage laws, etc.
Basically as long as gov't modifies the playing field for a business in any way, as long as it makes or kills a business, as long as it creates/maintains monopolies there is no way that business will get out of gov't.
@benympls If gov't didn't actually provide a reason to spend money on itself, businesses wouldn't be spending money on it.
Businesses are there to make money. So whatever way works, and apparently lobbying gov't works the best for making the most money, by befriending gov't politicians, by bribing them, etc.
Gov't that doesn't destroy economy is gov't that does not get involved in deciding the economic OUTCOMES for any business or any other market player.
@romanmir01 Social Security's money was used to pay for other things like foreign debt. Kind of like a CEO raiding the employees' pensions. If they'd left it alone it would be fine.
@jotunobsidianeyes You know what would be fine? If there was no income tax at all, so all that money could be spent by the person who earned it to make more money and ensure their own retirement was safe by their own actions.
SS is a pyramid scheme because the money was not used to grow, like insurance should, but it was spent. There is no money and the young must pay for the old on a 'social contract' they never signed. Young should leave. Fuck the old and their promises to themselves
@romanmir01 #2 Yes the government changed the rules FOR the banks so they could get more high risk peopl but the banks LOVED it. If i got somebody with good credit for a credit card wells fargo wouldn't count it for my monthly bonus and NOW that the bank reform went thru they will no longer except people with credit scores over 800, they WANT high risk people! When the laws were changed they spent nothing! but when the banking reform was going thru they spent RECORD money to stop it!
@benympls So what if banks LOVED it? What difference does it make what bankers FEEL?
Of-course banks will take whatever they can to make as much money as possible. If a gov't comes along and says: We are taking risk out of lending money. A banker would be an idiot, in fact he could be sued by shareholders for not maximizing the profits and not making risky deals/trades/credits/whatever, because here is the opportunity handed down to you by immoral gov't, so take it.
@HyperBorealOperator multiculturism has led to the pinnacle of human advancement. all the great kingdoms that spawned civilization tolerance for other cultures and religions was generally a mainstay. whats dangerous and counterproductive is your racist xenophobic insular and just illogical attitude.
@slipknotyk06...it's plain to see that you are a ashkenazi jew looking to defend your precious illuminati masters but trust me you animals wont be able to cloak yourselves and blend in for to much longer. we are onto the jewish cabal that is ruining this planet and im here to tell you that your clans exxcesive greed and extensive lies will be the cause of your downfall
Cenk hits on a guy that's a free market thief, but refuses to go after and prosecute the Government thieves at Fannie and Freddie. Ya gotta love how disingenuous the guy is.
Also, did Mozilo himself know what Countrywide was doing? Or was he merely guilty of being at the head of a corporation at a time when they made shady deals? How bout they go after the politicians that got preferential lending from Countrywide? Wait, that would take balls.
Apart from dishonest statements, did Mozilo do anything specifically illegal? I agree that he should be in trouble but is this a more ambiguous situation than Cenk is painting it as?
This Country called The United States of America is so full of shit and the laws which Favor the VERY VERY VERY RICH such as this jerk off Mozolo, it Shows what a Billionaire can do to BEAT THE STYSTEM. What a damn farse and for those of you idling your lifes away in PRISON from being picked up on a Pot offence should all be watching this shit. It's time to Take this Country Back from this Bunch of Crooks.
@baxtar1963 Speaking from personal experiences... White collar crime can carry lengthy sentences, a lot more then pot charges.. far less then crack though.. imbetween really.
If the crime is being done by a poorer, or middle class person.
The fact that he don't even have to go to jail is what bothers me the most! Like what the hell!? The class difference in America is getting painfully huge, Americans you need to rise up! This can't go on no longer.
We can save the economy. It is very easy. It is hard for me to believe that out of 300 million americans that people can't see how easy it would be. come by and feel free to make a suggestion. See the ones already made and keep tuned. Let's fix this!
In most cases when people attain mass money through fraud, the funds are frozen or ceased, yet this guy commited massive fraud which led to massive funds and yet all it cost him was less than 10% of the cash he stole? Just think if somone was caught with an ounce of coke, they would spend at least 10 years in prison and have their record ruined forever.
@fuunguus, In some states you get 10 years a GRAM for a control substance, you might only serve half, but it's speak to a bigger problem in America, this guy commited billion dollars fraud and doesn't even have to go to trial, yet if some young punk walked in a mom and pop store and stole 500 bucks, he going away for at least 15 years, it makes no sense.
That is sick! Ours is very mild in comparison, you only get some months to a year if you are caught with a kg weed, same with a 100 grams of coke (this is if you convince them that it was only for personal use, which is very easy just say you use a lot and can't effort buying in small quantities, always works). Penalties are significantly increased if you are caught again tho.
Everyone benefited from this show. Builders,agents, bankers, insurance and retailers, property tax collectors. We would be in dire straits 5 years ago without this push. Nobody blew the whistle.
The democratic and republican politicians are working together to defraud us out of as much money as possible. It literally does not matter who you vote for. You will lose. The mainstream voter will continue to vote along party lines for the most popular candidate of the party. People who pay more attention will vote for better candidates but all in all, the votes won't be there. The Barack Obama's and George Bush's of America will continue to get elected. Rinse. Lather. Repeat.
At the very least this guy should die of old age in prison. Here's what will happen, he will be fined as Cenk said and he will lose the ability to hold those two titles and will come up with a new title where he has the same responsibilities and powers and that will be that. Our own government allowed this fraud, why would we even think they would punish those they were in business with? It's amazing how powerful the top 1% are and how blind and helpless the other 99% of us can be.
Fortunately for Angelo Mozilo, he can afford several new legacies to replace his old, tarnished one. All he has to do is pop into the nearest Legacy Emporium, and I'm sure he can find a good steal.
Getting to the point where I yearn for the old west........and a good rope. Complacency and apathy are the roots of all of this and those in power know how far they can push before people get mad enough to act.
So when republicans say they are pro life the just mean pro tax payer life, until they are old enough to die in war or be murdered by the state for a crime they are convicted of in a corrupt legal system where the rich are never imprisoned.
@MrGish1 Are you kidding me? This is FRAUD. They caught him and what did they do? NOTHING. More regulation means they government will let them do whatever they want. This guy should be in prison
I'm no conservative idealogue, but all you Cenk lovers are a bunch of impressionable followers. I like watching TYT as much as anyone else, but don't you think his hypocrisy is at least a bit unbearable? As 1 example, he says CNN doesn't do "real" news, and they just want "access". Take a look in the mirror, MSNBC is not much different in the Obama administration compared to FAUX News in the Bush years. I would trust CNN over anyone
@hofifut Re: Cenk's hypocrisy: does it affect the truth of what he's saying? If not, then perhaps it doesn't matter much. Sort of like the president getting into trouble for committing adultery.
@hofifut That isn't hypocrisy. Do you even know what hypocrisy means? If CNN allowed Cenk to speak openly, Cenk would say the same things he has been saying for years. I'm willing to bet that Cenk would even speak on Fox News if got a guarantee that they wouldn't censor him. Cenk will speak truth in any forum that he will be allowed to speak in. At the moment, that includes MSNBC. Cenk would never claim that all of MSNBC represents him merely because he is allowed to state his opinions there.
Hey Cenk, you've come a long way! I'm glad to see you're becoming a big player in the field of media politics. I've always thought you were a great presenter and a comedic personality. Good luck, but please, don't become a total slave to politics. Please think for yourself and if you are oppressed by lies and bullshit, overcome. God bless everything and everyone, except for the corrupt liars and sinister beings.
SOME ONE SHOULD DO FOR THIS GUY WHAT THEY DID FOR THE LIBYAN FELLA!
999greekfire 4 months ago
I wonder if Mozilo and Boehner tan together?
imanerd36 4 months ago in playlist kopjohuhuoi
Ugh.. that Mozilo guy's skin is so nasty.
getoutamyface 1 year ago
This has been flagged as spam show
All of this trouble started in or around 1965 with this. The government should get out of business, the government is holding back business. The buiness waist money because of regulations. The government should sell the power plants to private business they can run it cheaper.
Some how, most people believed it. They put pressure on the government to deregulate. If you asked some of people to prove it. The best any one say was the business know tricks to do it cheaper. bullshit.
samten10a 1 year ago
Comment removed
samten10a 1 year ago
Yes it was barney franks he told bush to go pound sand. Some how bush got idea that some thing was wrong but barey go piss up a rope. Bush went away, so this is what we get.
Lieberman told some of bush 1 people in SEC if you want a job quite harassing the accountants. So that ass hole back off. That was about that time the new York attorney general prosecuted a big bunch of fraud in stock marked.
samten10a 1 year ago
Comment removed
samten10a 1 year ago
did you guys notice Rachel wasn't so excited about the "house that Olberman built" comment?
LaFamiliaBeltran 1 year ago
Interesting comments Cenk.
It's a real shame that no one watches MSNBC.
bobbytiger 1 year ago
cenk please run for president
darkknight302 1 year ago
Comment removed
ERROLCUSTERFLYNN4EVR 1 year ago 13
@ERROLCUSTERFLYNN4EVR It was on Fox. Was Barney Frank involved?
cheddyrod 1 year ago
@HyperBorealOperator so, any more real proof? or did you jsut think naming a few places and being wrong would suffice? god are you sure you wanna talk with me i feel like im robbing some trailer park of the local beer swilling inbred sister fucking drunk.
narezul 1 year ago
@HyperBorealOperator modern europe? multiculturism seemed to be working fine until the economy started doing this and immigrant and brown people make nice scapegoats for idiots like you. america....really america? thats frieghteningly stupid im nto sure youre serious now...america is home to every sinle everything every race color culture religion is here this country is multiculturism. are you this stupid? do you think? you feel a certain way & then come up with reasons...backwards logic
narezul 1 year ago
@HyperBorealOperator circle jerk?...then allow me to pull out the historic cock & shoot some truth on your face its gonna be a bukkakke session of learning. lol rome wouldnt even have a culture if it werent for the greek if you need help in seeing how intertwined those are then i cant help you, you have a severe mental deficiancy. egypt became what it was due to being a hub of trade and a center of learning hence tolerance for others was necessity should i mention the greek connection?
narezul 1 year ago
This has been flagged as spam show
there is no left or right.
ddamico3 1 year ago
@batangwaray1 clearly the Bush government increased the spending and destroyed more of the market, subsidized more of the monopolies, started wars, printed and borrowed and they kept interest rates non-existent.
Don't forget though that it started before Bush, it started with creation of the Fed and went all the way with all governments, culminated with Nixon and went terribly bad with Clinton and Greenspan setting lowest interest rates and starting the housing bubble after the internet bubble.
romanmir01 1 year ago
Mozilo did not cause foreclosures!
You can easily say he was selling a product hew knew was bad AFTER the mortgages were issued already, however the foreclosures are not resulting from these mortgages being resold as SIVs, the foreclosures are happening because the government created the housing bubble by inflating currency and by insuring expensive mortgages people couldn't pay with Freddie/Fannie.
Mozilo is an ass, but government is the culprit.
romanmir01 1 year ago
@romanmir01 #1
Oh i love this argument "Mozilo is an ass, but government is the culprit." Did you know that when the laws were being changed the banks said NOTHING! Why? Their smart guys, their not dummies. And they were HAPPY with the banks picking up high risk people because the interest rates are so damn high they dont care if the balances EVER get paid off. I worked for Wells Fargo in the late 90's early 00's & they were telling us to TARGET high risk people, that was THEIR policy
benympls 1 year ago
@benympls
Banks should be happy when gov't makes policy changes that favor them, that's how they SCREW the market.
Why shouldn't they be happy? In fact banks LOBBIED the gov't to change those laws.
However the gov't is the culprit.
If the banks were not federally insured (like in many other countries, for example in New Zealand) then the banks would have had to earn their customers' trust, but they don't have to because of FDIC.
So once gov't created moral hazard of FDIC
continued
romanmir01 1 year ago
@benympls Once gov't created FDIC, sure, it then had to counter-balance that evil with Glass Steagall.
It then only became obvious that it was only a matter of time before banks would lobby the gov't to remove the Glass Steagall because then due to FDIC they had all the cards in their favor.
FDIC makes the bank customers, who are bank CREDITORS behave irresponsibly. If you don't care where your money is, you don't pay attention where you put it, because it's 'gov't insured'
continued.
romanmir01 1 year ago
@benympls
Just like with Freddie/Fannie 'insuring' mortgages, FDIC is 'insuring' bank deposits.
All of this ends up disastrously, because gov't can't insure anything, they don't understand anything about actual risk and so they take risk out of being a creditor.
Same as people felt there was no risk giving money to banks.
Banks also felt there was no risk giving bad mortgages for overpriced houses to people who couldn't afford it.
This behavior is gov't ensured by being gov't 'insured'
romanmir01 1 year ago
@benympls
So it absolutely is the fault of gov't, who supposedly takes risk out of lending of money.
Be it FDIC or Freddie/Fannie, you can't take risk out of lending, because it leads to very bad behavior
Gov't mixing with business is what leads to economic crash
The creation of the Fed, the income tax, the subsidies and creation of monopolies, the regulations, wage laws, SS (which is not a savings program, it has no money, it's a pyramid scheme) etc. all of this is gov't destroying economy
romanmir01 1 year ago
@romanmir01 "Gov't mixing with business is what leads to economic crash" i agree 100%&i am quazi libertarian myself how ever this is how most libertarians lose me. Its NOT the gov't as yu said its the culmination of the 2, wich is FACISM(not socialism)! Yeah thats my point THE BANKS HAVE TOO MUCH POWER. All these tea party/libertarian idiots that claim to LOVE the founders so damn much dnt know lick! The founders said CORPORATIONS&BANKS SHOULD BE BANNED FROM THE POLITICAL PROCESS! 4 this reason
benympls 1 year ago
@benympls
It is the gov't that is the culprit because without gov't corporations have no such power over you. You can chose to pay to a corporation or not based on services/products they offer.
Gov't MAKES YOU PAY and if you do not they jail you or even kill you. So AFAIC the one with the most power is the culprit.
Separate corporations lobby the gov't once it becomes profitable to do so and it makes sense. Gov't is the one that provides the power to lobby itself. It's the culprit.
romanmir01 1 year ago
@romanmir01 I agree... but what do you do when the corporations (run by billionaires) run the government, then blame the government?
kefluv 1 year ago
@kefluv I agree, this is a problem.
My suggestion is to take away power of the government to mix with business and to distort economic forces by amending the Constitution to have a new rule:
Congress shall pass no law, that changes the status of any entity in a way that allows that entity to get any preferential treatment in economy.
All subsidies, regulations, income/payroll taxes, contracts, money printing, setting interest rates, etc. must be stopped.
romanmir01 1 year ago
@romanmir01 #2As you said "they needed glass stegal to balance it out but they knew they could lobby it out in time" but then you again blame the gov't as the sole owner of the down turn. thats like blaming a business man who was forced by the mob to comply as the "real culprit."Unlike the Tea Partiers&libertarians i agree with our founding fathers, that were in fact PROTECTIONIST! Corps werent able to be involved political until the late 1880's on a opinion!The 1st tea party was too RAISE taxes
benympls 1 year ago
@benympls Of-course gov't is the culprit.
Once FDIC exists all bets on banks and bank customers behaving rationally are off.
Once the Fed is allowed print the money, all bets on the value of that money are off.
Once the Fed is allowed to set interest rates, all bets on having a meaningful working credit system that benefits society in total by allowing most efficient credit allocation are off.
Once Freddie/Fannie exist, all bets on sound mortgage/credit policies are off.
etc.
romanmir01 1 year ago
@romanmir01 What your saying makes no sense&yr speaking in spin. Yu talk as if the gov't by it self came out&said were doing XY&Z. NO the banks LOBBIED them&FORCED them to do what they wanted, thats like the mob putting into the pressure on a business until it finally caves into their demands&then them being caught&saying their the culprit...NO! they're the co-culprit but the mobster that threatened their lively hood/life is OBVIOUSLY the head honcho.They dont do laws without lobbiest consent
benympls 1 year ago
@benympls Gov't is the one that has power to change economy, anybody taking advantage of this situation is only behaving logically, rationally and fiscally smart.
Constitution needs a change to stop gov't from changing outcomes of businesses/entities/persons in economy.
Regulations/taxes/subsidies/monopolistic protection, all of this must be ended.
romanmir01 1 year ago
@romanmir01 #1 Dude your listening to spin to let the crooks off the hook. So i guess in you dont have anything against mobsters then or them intimidating police forces to do as they please, because them kidnapping the police chiefs daughter is just rational on their end huh? We shouldnt be anger at the mobsters, we should be angry at the police chief for being such a pussy, trying to save his daughters life. He's the culprit, right? Your going off of ayn rand spin&thats all it is.
benympls 1 year ago
@benympls ha ha ha ha, what a bunch of bullshit you are coming up with to try and justify your very non-existent point.
WHO is going after any politician's daughter to get him into the office? Who is spending tons of cash bribing politicians?
How many politicians don't take cash?
This is NOT about good/bad PEOPLE this is about a system that's borked.
System that ALLOWS gov't to modify economy will eventually break. Gov't that in principle can modify economic outcome will do so.
romanmir01 1 year ago
@romanmir01 To quote the Godfather "who is being naive now" JFK was killed for standing up to the MIC & the banks. If you think they wouldnt use violence, you are living in all spin. The system is broke but your ayn rand BS is Bullshit, so i guess if your neighbor discovered oil or natural gas in his back yard its nobody's business but hims how he extracts the oil/gas? even if that means your own house gets blown up because he's a drunk that knows nothing about oil production but thats okay?
benympls 1 year ago
@benympls what a mixed bag of crap you are pulling out of your arse there.
JFK, Rand, Gas.
JFK was killed, sure, but that's the consequence of gov't ability to provide businesses with stuff they want, and they want gov't to provide it.
Take away ability of gov't to provide those things like starting wars with income taxes, giving out contracts to military corporations.
Make it Constitutionally impossible for gov't to change markets and markets wont go to gov't for change.
romanmir01 1 year ago
@romanmir01 We need business out of gov't not gov't out of business. All the abuses you speak of WERE not done by the gov independently, the subsidies&even the over regulation was lobbied! Big business lobbiest for tougher regulation to stomp out littler business, true! but that wasnt an evil senator, it was walmart&power corps forcing them to do what they want. a congressman is a co-culprit& desreve some of the blame but they're not the head honchos here... WAKE UP!
your being played
benympls 1 year ago
@benympls We need gov't out of economy.
Gov't fucks up economy that was WORKING with business only.
19 century proves you completely wrong. It started with much worse quality of life than it ended for people and it was because of businesses, not because of gov't.
The 20th century finished on a much more gloomy note because of gov't, and it had a depression in the middle because of gov't ( and not only in US).
Gov't out of business is the only solution that can fix this.
romanmir01 1 year ago
@romanmir01
what your saying just isnt true AT ALL, life did get much worse by the end of the 19th century buts thats because standard oil bought off congress & super monoplies were in full effect. Again you misread it, business is the mob, the gov is the feeble police. i dont give me this monoplies only exist with gov BS because monopolies have been around since agriculture. Thats just historical incorrect.
benympls 1 year ago
@benympls you have no idea what you are talking about.
From beginning of 19 century to the END of it life became much easier.
Food became plentiful and cheap compared to the beginning. In 1800 people had 3 staple foods in their diet mostly. It was expensive. Clothing was expensive. No indoor plumbing. No cheap energy sources. No safe food. No machines to help out. No cheap accessible medical care.
End of 19 century: cheap medical workers competing for your money, plentiful cheap food
romanmir01 1 year ago
@romanmir01 #4 You really dont have any info backing what your saying, my brother worked in the meatpacking business for years& the beef console has lobbied against inspectors for years& NOW inspectors that actually have the power to stop the line only come by once a month on a PLANED date. So for 29 days they can let ANYTHING slide that want to let go& they know when the inspector comes so for that day they can be up to code but for the rest of the month anything goes, more than you think.
benympls 1 year ago
@benympls Sewing and washing machines, beginning of the car, indoor plumbing, cheap accessible clothing, etc.etc.
All of this even though there were some recessions in 19 century. But they always were restructuring the market to make it more efficient even though some people lost money, it never turned into anything like Great depression or internet bubble, etc.
THAT takes gov't stepping in with monetary policies.
romanmir01 1 year ago
@romanmir01 #1 Your missing my point& putting words in my mouth. I'm not in favor of gov controlling the economy& your greatly misreading history, gov didnt "STEP IN with monetary policies" the business TOOK control of gov, now does that mean i'm not pissed at politician for not standing up to them? No, they're the co-culprit& if i was the judge i'd throw em jail as well but 1 thing you left out about the 19th is SLAVERY, that changes the picture DRAMATICALLY.
benympls 1 year ago
@benympls First of all, without capitalism and industrialization the government wouldn't be anywhere NEAR what it is now, spending all that money it didn't actually produce or create. Gov't took over major economic decisions so OBVIOUSLY once gov't takes over decisions, such as: taxing income, subsidizing this and that, protecting monopolies... at this point there was NO choice for businesses but to get their foot in.
Businesses actually create wealth, gov't does not, but it controls it.
romanmir01 1 year ago
@romanmir01
#1 who is arguing against capitalism?
do not put words in my mouth, quote me a time when the gov has done any BIG interference in the market WITHOUT a big business lobbying for it. Give me an example! Please!
benympls 1 year ago
@benympls Plenty of people are arguing against capitalism and especially against Free Markets and too many people equating the two.
Your question is so simple, you are going to sit down and be silenced.
Minimum wage. That's a HUGE interference in the market without any business lobbying for it. But the UNIONS lobbied the gov't and caused it.
Minimum wage priced about 4-6% of people out of having jobs, because their skill sets fell below the minimum wage.
Trade unions wanted that to happen
romanmir01 1 year ago
@benympls
Government in USA was a rebellious government, that was created to get away from other oppressive natural governments of the world.
While at it, the Founders of US gov't tried their best to protect the people from the gov't, but over time the gov't learned to go around these protections, so now the plan of the Founders has failed.
Politics became careers. Barney Frank spent 30 years in House. He lobbied to be reelected and sold himself to interests for 15 times now
That's a career
romanmir01 1 year ago
@benympls Clearly a House rep. spending 15 terms in the House was NOT what was meant by the Founders, but they couldn't foresee for some reason that various people with no real life experience would want to be in gov't forever.
But of-course! Gov't became a very lucrative place to be, with its huge salaries, pensions, insurance plans... all of that must be abolished.
Term limits exist for a reason, but those reasons are forgotten and basically abolished.
romanmir01 1 year ago
@benympls
Gov't has failed, it became not only an expensive luxury, a nuisance but after 1913 it became a national danger to the economy and soon enough this will culminate in the explosion of an ultimate asset bubble - the bond bubble.
When it blows, the Fed will print the USD out of existence into hyper-inflationary depression and US as a country will collapse and will have a long way to rebuild itself.
Don't be fooled, understanding is half way of solving the issue.
Bye, I have to sleep
romanmir01 1 year ago
@benympls So if gov't didn't get their hands all over the wealth that was created by businesses, if gov't didn't use the power of violence to modify the rules of the market, businesses wouldn't be present in gov't.
You think gov't exists by itself and it legitimately must exist and control the work of others and decide who wins and loses and those who are affected by such decisions will stay idly by and watch as their work is being spent by others?
romanmir01 1 year ago
@romanmir01
i'm not arguing for the status quo, so this one about picking winners & losers makes no sense in your argument against me, i'm not an obama zombie nor ayn rand zombie. i'm somewhere in the middle so address me not others when arguing against me, i brought up ayn rand because some of things you said were straight out of her writings/mouth... think for yourself.
benympls 1 year ago
@benympls I never read any Rand I only know of her. Surprised at all?
You are half that zombie/half this zombie? This makes no sense at all. I only base my arguments on understanding of economics, not on politics.
You take me for somebody who bases all arguments on politics while I only base arguments on economics.
romanmir01 1 year ago
@romanmir01 One thing Rand never liked to talk about was slavery because in her society THEIR WOULD BE SLAVES, THAT IS A REGULATION. As i said i'm not fighting for the status quo because BIG business LOVES the regulations because they get exemptions while the little guy gets hosed. Regs need to change but to say NO regulation is just a quitters way of dealing with a BIG problem.
benympls 1 year ago
@benympls You are completely wrong on Rand.
She ran away from the revolutionary Russia, which was based on the 'dictatorship of proletariat' in the words of Lenin himself.
Slaves existed during Tsar and after Tsar more people became slaves but in addition to that people also were killed and the fruits of their labor stolen from them.
Ukraine alone lost 30 million to Stalin's repressions against farmers. You really do not have a clue about the USSR and Rand.
romanmir01 1 year ago
@romanmir01 #3
i've read rands works, i know rand. So slavery can only exist in communism? So i guess we were communist during the whole 19th century! A time you quoted as a better example.... OMG your a commie! Please!
benympls 1 year ago
@romanmir01 #3 They're downsides to EVERY economic theory however the down sides from Rands would be slavery, explosions& huge amount workplace deaths& consumers death. Yes people will stop buying a product after enough people die but how long would that take? Along time! massive corp conglomerates would work together stop that info from coming out. As i said i'm not arguing for the staus quo just smarter regulation.
benympls 1 year ago
@romanmir01 #5 My brother has worked in many plants& in 1 in minnesota they had no heat during the winter& people were losing fingers do to frost bite& guess were that yummy finger meat went? You got it! in YOUR ground beef. The problem is far worse then people imagine because the WHOLE floor is nothing but illegals who are too afraid to speak up. When mad cows was a problem in canada the regulators said canadian COWS were banned from coming into the US but not the beef, why? because the cows
benympls 1 year ago
@benympls As a vegetarian I really do not care if some ground beef has fingers in it.
But guess what - there is no way to escape such realities in actual real world.
Yes, there will be fingers and maggots in your ground beef. And by the way, did you for a second doubt that the gov't is regulating these meat plants?
Gov't is the reason there is so little competition in the food industry in the first place! No competition due to gov't subsidies and regulations. Again, you are uninformed.
romanmir01 1 year ago
@romanmir01 #4 UNINFORMED? UNIFORMED? on meat packing haha! you have NO idea of who you are talking to you! this is why i said i'm QUAZI libertarian, i know ALL about the gov's role in food production but guess what? THE BEEF INDUSTRY MADE IT THIS WAY! Do you think our agriculture laws were ACTUALLY written by a senator? F#ck No! Their are ACTUALLY written by lobbyist! And as for "always having fingers in ground beef" how absurd! They were running plants in BELOW ZERO degees with NO HEAT
benympls 1 year ago
@benympls I KNOW that all major laws are written by lobbyists.
I guess you cannot understand a word from my comments even now.
The government should not have the power that could be used to modify economic outcomes for anybody in economy, be it a person, a union, a corporation, anybody.
There is no way for a gov't to have that power and not to sell itself to highest bidders.
Gov't that allows itself to have that power is CORRUPT BY DESIGN.
Good night.
romanmir01 1 year ago
@romanmir01 you sleep at 3pm? okay? i'm NOT in favor of the fed as i said i'm not for the status quo but you keep putting me in the pigeon hole... why? perhaps because all you do is regurgitate ayn rand & put up straw man to knock them down. Your pathetic, go back to your snake oil sales men that has the cure for EVERYTHING! Anybody who believes that life is that simplistic is just as simplistic as a communist that thinks gov can cure everything, life is complex buddy.
benympls 1 year ago
@benympls You are so silly, do I sleep at 3PM? Why are you so freaking convinced I am an American? Why do you think I am even in North America?
I am not.
I am in a place that values private property more than US, I am in a place that allows businesses to work in a much more free environment than US.
You can believe what you want to believe, I am not changing your world view, but from my perspective you are blind in the land of the
romanmir01 1 year ago
@benympls Blind person in the land of the blind
romanmir01 1 year ago
@romanmir01 good come back
benympls 1 year ago
@romanmir01 #6 the cows could come in but not the beef, why? cause the cows could spread it to other cows&cost the industry $ but the beef will just be eating by you& me¬ cost the industry a cent. They turn a blind eye to human meat in meat, to minnesota factories opperating in the dead of winter, give the factories a heads up when inspection is coming but if a deli has ONE "safety" violation he's up shits creek, why? cause he's the little guy. We need GOOD regulation not what we have today.
benympls 1 year ago
@benympls WE do not need any GOVERNMENT regulations at all
Or did you think that a private company cannot do a better job in providing food inspections and certifications than a government can?
Gov't officials have NO competition in this field, so they can set any prices, any rules. They can take bribes and you have no CHOICE but to rely on them anyway
In a free market I could choose to buy food without certifications, that would be cheaper, but there could be more than one certification firm
romanmir01 1 year ago
@romanmir01 #5 a private company to regulate? Thats 2 rich, so i guess those crediting agencies were doing a BANG up job rating all those junk bonds AAA. When private companies rate/inspects things their is a pay incentive to falsify&lie on behalf of the the corp. If a rating/inspectors told the truth about the company THEY WOULDNT GET HIRED, so essential you want a race to the bottom. Why would a corp pay money to a sum1 to make them look bad? they'll hire a firm that lies 4 em, thats rational
benympls 1 year ago
@benympls The Free Market of 19 century made more progress to make food cheaper, more accessible and safer than any government ever.
Gov't regulations do one thing: increase costs.
Gov't regulations cannot do one thing: decrease costs.
As an individual I want to be able to buy food from anybody I wish without any government intervention. How DARE gov't tell me that I cannot buy food from somebody who didn't pay license fees and bribes to gov't inspectors?
It's the same thing about insurance.
romanmir01 1 year ago
@romanmir01 #6 comparing food safety from the 19th century to today is COMPLETELY unequitable! Food back than wasnt organic cause a hippie wanted it that way, it was organic because THAT WAS THE ONLY WAY! Now though food is a science, wich i'm not completely against but it does require oversight since their adding chemicals to the food for protection from parasites& too grow the food bigger&quicker. So comparing the 2 centuries ONLY makes since if you want to out law use of chemicals in food.
benympls 1 year ago
@romanmir01 #7 these regulations werent written by law makers, the lobbyist WROTE THE LAWS& GAVE THEM TO THE LAW MAKERS(senators/congressmen). So that tells me business has no role in gov, not the other way around. Everything has a downside but 1 must way each side carefully& go with the 1 that has the MOST upside& less downside. if yu think gobal warming is real or fake doesnt matter their are REAL pollutants that need to be regulated. We need a competent gov not no gov
benympls 1 year ago
@benympls The gov't has NO business telling ME how and from who I must buy my food! Unbelievable brainwashing job they have done on you for you to tell me that I have no right to buy food that was not 'inspected' by gov't. And BTW, food is NOT inspected by gov't
A food producer will generally produce safe food anyway, in a free market he'd be LIABLE for any problem his food may have caused
With gov't there are all these certifications that do one thing: absolve the food producer from liability
romanmir01 1 year ago
@romanmir01
Though I agree the government has no business telling you where to buy or grow your food here's a few things wrong dude and with all do respect
government regulations protect you from your food poisoning by the FDA, the department of health shows up regularily to restaurants grocery stores and pretty much any retail outlet that sells anything that can be consumed, and with government that's who the food producer is "LIABLE" to (for some reason you type individual words in caps)
Saucypants1000 1 year ago
@Saucypants1000 I type some words in capital letters to provide an accent
With all gov't regulations you still get an occasional food poisoning at a restaurant. Guess what - it's inevitable
A good restaurant will do as much as possible to keep these to a minimum regardless of the gov't intervention and you are incorrect, gov't doesn't protect me
Gov't reduces my choices to shop at competitors by subsidizing some producers and destroying others. I don't need a roadblock between me and a seller
romanmir01 1 year ago
@romanmir01
you really are some kind of moron, I am so sorry for my earlier comment when I said "with all do respect" I totally take that back, this thread of your comments that I have just read, I have no words, I think your the chain smoking alcoholic guy I see at the bus station every day and your posting this from the library
Saucypants1000 1 year ago
@Saucypants1000 You should be sorry.
Both times you have said the same stupid thing: "with all DO respect".
My first and second and third and fourth languages are all NOT English, yet I know that it's "with all DUE respect" not "DO respect".
So that's all I can answer to your ridiculous unsubstantiated comment here.
romanmir01 1 year ago
@romanmir01
ohh shit look at that I misspelled 2 letters in one word in a 500 word paragraph, oh crap you're right I should be sorry and everything I typed is now... how did you put it "unsubstantiated" you are so fucking right that disin... OHHHH I see what ya did there hahahaha thats great, you don't actually have an arguement to back up your type crazy talk so you're one of the guys that turns grammar nazi and think that's somehow makes you king shit or something.
Wanna keep going I do
Saucypants1000 1 year ago
@romanmir01 Brainwashing? My brother has taking me to this plants! this isnt brainwashing its REAL LIFE EXPERIENCES! Something i suggest YOU do before you just apply your BS ayn rand philosophy to everything as end all cure all approach to life & FYI snake oil salesmen are the 1's who say their a 1 cure fix to everything, food 4 thought. If you want i'll give you my brothers # in a PM & you can call em! you really are in over your head on this topic buddy
benympls 1 year ago
@benympls i meant these plants, lol
benympls 1 year ago
@benympls The plants are there, all government certified, which means they play by the government rules and so what is the result?
The result is that smaller start-up plants cannot even enter the business and compete. Gov't created monopolies so don't be surprised if there is no competition based on prices and quality.
BTW., your rambling is becoming very incoherent at this point, that's food for thought for you.
romanmir01 1 year ago
@romanmir01 their playing by their OWN rules, that THEY'D lobbied for! So how is it the gov's rules? ITS THEIR RULES! As i said your or should i say ayn rands views that you regurgitate is nothing more than snake oil. Life isnt as simple as NO gov or ALL gov control, both are as equally overly simplistic and are both as equally intellectually lazy. Communists& libertarians are utopian view points that like any depth hence making them... SNAKE OIL! lifes complex buddy, its not black& white
benympls 1 year ago
@romanmir01 #3The founders DID NOT agree with free trade, free trade was an idea of the british colonial system! it was 1 of the MAIN ideas the founders didnt agree with. Our trade policies that allowed our country to grow were PROTECTIONIST trade agreements!The founders didnt want political parties or any business influence at all. The real problem with gov't was that it became ran like a business its self! And companies used the government to suppress competition. We need business outta gov't!
benympls 1 year ago
@benympls
Gov't is NOT ran like a business, what a load of crap!
A business has an incentive to become more efficient (in a normal market, not when gov't is subsidizing it) and it makes sense for business to find costs to cut to be more efficient.
Gov't NEVER has an incentive to become more efficient as long as it can raise taxes/print money/borrow. Once it starts collecting income taxes, once it creates the Fed, once it goes off any standard for money (gold) it has only incentives to grow.
romanmir01 1 year ago
@benympls
We do need business out of government, but it is impossible as long as government sets policies on subsidies, income taxes, payroll taxes, trade agreements, regulates business, sets wage laws, etc.
Basically as long as gov't modifies the playing field for a business in any way, as long as it makes or kills a business, as long as it creates/maintains monopolies there is no way that business will get out of gov't.
romanmir01 1 year ago
@benympls If gov't didn't actually provide a reason to spend money on itself, businesses wouldn't be spending money on it.
Businesses are there to make money. So whatever way works, and apparently lobbying gov't works the best for making the most money, by befriending gov't politicians, by bribing them, etc.
Gov't that doesn't destroy economy is gov't that does not get involved in deciding the economic OUTCOMES for any business or any other market player.
romanmir01 1 year ago
@romanmir01 Social Security's money was used to pay for other things like foreign debt. Kind of like a CEO raiding the employees' pensions. If they'd left it alone it would be fine.
jotunobsidianeyes 1 year ago
@jotunobsidianeyes You know what would be fine? If there was no income tax at all, so all that money could be spent by the person who earned it to make more money and ensure their own retirement was safe by their own actions.
SS is a pyramid scheme because the money was not used to grow, like insurance should, but it was spent. There is no money and the young must pay for the old on a 'social contract' they never signed. Young should leave. Fuck the old and their promises to themselves
romanmir01 1 year ago
@romanmir01 #2 Yes the government changed the rules FOR the banks so they could get more high risk peopl but the banks LOVED it. If i got somebody with good credit for a credit card wells fargo wouldn't count it for my monthly bonus and NOW that the bank reform went thru they will no longer except people with credit scores over 800, they WANT high risk people! When the laws were changed they spent nothing! but when the banking reform was going thru they spent RECORD money to stop it!
benympls 1 year ago
@benympls So what if banks LOVED it? What difference does it make what bankers FEEL?
Of-course banks will take whatever they can to make as much money as possible. If a gov't comes along and says: We are taking risk out of lending money. A banker would be an idiot, in fact he could be sued by shareholders for not maximizing the profits and not making risky deals/trades/credits/whatever, because here is the opportunity handed down to you by immoral gov't, so take it.
Gov't is the culprit.
romanmir01 1 year ago
Cenk is RIGHT ON with this one.
TheDuckofLaw 1 year ago
Reality has a well known liberal bias.
rborchers7 1 year ago 25
@rborchers7
oh colbert
benympls 1 year ago
@HyperBorealOperator multiculturism has led to the pinnacle of human advancement. all the great kingdoms that spawned civilization tolerance for other cultures and religions was generally a mainstay. whats dangerous and counterproductive is your racist xenophobic insular and just illogical attitude.
narezul 1 year ago
Beautiful Turkish bulldogging!!
Paxmax 1 year ago
@slipknotyk06...it's plain to see that you are a ashkenazi jew looking to defend your precious illuminati masters but trust me you animals wont be able to cloak yourselves and blend in for to much longer. we are onto the jewish cabal that is ruining this planet and im here to tell you that your clans exxcesive greed and extensive lies will be the cause of your downfall
UGOTDAJACK 1 year ago
Chenk and Dylan are in a bromance :D
Helghastl33t 1 year ago
Three people are retards. Canada for the win.
bennn05 1 year ago
Cenk hits on a guy that's a free market thief, but refuses to go after and prosecute the Government thieves at Fannie and Freddie. Ya gotta love how disingenuous the guy is.
Also, did Mozilo himself know what Countrywide was doing? Or was he merely guilty of being at the head of a corporation at a time when they made shady deals? How bout they go after the politicians that got preferential lending from Countrywide? Wait, that would take balls.
Slipknotyk06 1 year ago
he looks like he's made of chocolate...
mingamanga 1 year ago 2
@mingamanga That's just the bullshit :P
bennn05 1 year ago
Apart from dishonest statements, did Mozilo do anything specifically illegal? I agree that he should be in trouble but is this a more ambiguous situation than Cenk is painting it as?
neanderslob 1 year ago
god dylan looks hella creepy @ 0:01
FengxianLeTerrible 1 year ago
He shouldn't be allowed to keep a dime of that money.
RaynMan718 1 year ago 2
I am so glad cenk is finally getting on msnbc, I look forward to his broadcasts for years to come.
hisdoodnes 1 year ago
@hisdoodnes
Neocon MSNBC planning to take Cenk away from TYT and Neuter him and make him just as soft as all the others.
halcyon0830 1 year ago
This Country called The United States of America is so full of shit and the laws which Favor the VERY VERY VERY RICH such as this jerk off Mozolo, it Shows what a Billionaire can do to BEAT THE STYSTEM. What a damn farse and for those of you idling your lifes away in PRISON from being picked up on a Pot offence should all be watching this shit. It's time to Take this Country Back from this Bunch of Crooks.
BabylonsKing 1 year ago
White color crime is above the law and always will be. You would be in more trouble if you were caught with a gram of pot.
baxtar1963 1 year ago 4
@baxtar1963 White collar, the opposite of blue collar i.e. the working class.
bindlessMoredom 1 year ago
@baxtar1963 Speaking from personal experiences... White collar crime can carry lengthy sentences, a lot more then pot charges.. far less then crack though.. imbetween really.
If the crime is being done by a poorer, or middle class person.
GhostInTheShell29 1 year ago
does Cenk's makeup make his face look weird to you? or maybe it's the lighting?
bighugejake 1 year ago
@bighugejake i think its the lighting, he does look lighter though
icecru2 1 year ago
Well I mean 22 million is nearly 3,7% of the 600 million that he robbed people of. That could've gone into gold plating a yacth or something =/
Mattinmotion 1 year ago
The fact that he don't even have to go to jail is what bothers me the most! Like what the hell!? The class difference in America is getting painfully huge, Americans you need to rise up! This can't go on no longer.
fuunguus 1 year ago
Cenk is Chuck Norris as a political commentator
sonny2084 1 year ago
nice tan, tony. ;-) jesus.
TadRapidly 1 year ago
We can save the economy. It is very easy. It is hard for me to believe that out of 300 million americans that people can't see how easy it would be. come by and feel free to make a suggestion. See the ones already made and keep tuned. Let's fix this!
noorgard1 1 year ago
This has been flagged as spam show
crime is make you rich...
i think :P
hakanefe43 1 year ago
In most cases when people attain mass money through fraud, the funds are frozen or ceased, yet this guy commited massive fraud which led to massive funds and yet all it cost him was less than 10% of the cash he stole? Just think if somone was caught with an ounce of coke, they would spend at least 10 years in prison and have their record ruined forever.
TheDalinkwent 1 year ago
Cenk looking sexy at 5:09 Cenk not looking sexy everywhere else!
upplsuckimcool16 1 year ago
@TheDalinkwent
10 years for an ounce of coke? I hope that is an exaggeration, cause that's fucked up!
fuunguus 1 year ago
@fuunguus, In some states you get 10 years a GRAM for a control substance, you might only serve half, but it's speak to a bigger problem in America, this guy commited billion dollars fraud and doesn't even have to go to trial, yet if some young punk walked in a mom and pop store and stole 500 bucks, he going away for at least 15 years, it makes no sense.
TheDalinkwent 1 year ago
@TheDalinkwent
That is sick! Ours is very mild in comparison, you only get some months to a year if you are caught with a kg weed, same with a 100 grams of coke (this is if you convince them that it was only for personal use, which is very easy just say you use a lot and can't effort buying in small quantities, always works). Penalties are significantly increased if you are caught again tho.
fuunguus 1 year ago
Once again, executives like this guy should be held TOTALLY (houses, boats, cars, etc.) responsible when something like this is discovered.
barba3gr 1 year ago
houses boats cars!?!?!?! NO bars, mat, wool towel/blanket, cement walls, and angry neighbors!
upplsuckimcool16 1 year ago
Everyone benefited from this show. Builders,agents, bankers, insurance and retailers, property tax collectors. We would be in dire straits 5 years ago without this push. Nobody blew the whistle.
PostBush 1 year ago
The democratic and republican politicians are working together to defraud us out of as much money as possible. It literally does not matter who you vote for. You will lose. The mainstream voter will continue to vote along party lines for the most popular candidate of the party. People who pay more attention will vote for better candidates but all in all, the votes won't be there. The Barack Obama's and George Bush's of America will continue to get elected. Rinse. Lather. Repeat.
andotech 1 year ago
France of 1789 and China today knows how to deal with people like this. Sharpen up the blades boys, here's where we all get ahead.
trajan74 1 year ago
Martha Stewart should be going apeshit right now.
claytonemoorejr 1 year ago
American justice: the best money can buy!
niriop 1 year ago 2
dear god, he even LOOKS like a supervillain
manonthemount 1 year ago 2
Pathetic.
The prisons are full of people, most of them minorities, whose crimes don't even match what this despicable thug got away with.
Maybe it's time to bring back the public execution, and Mozilo is the leading candidate for the first show!
Parcival01 1 year ago
@Parcival01 For him, I'm in support of crucifixion.
ILikeTheThingsIDo 1 year ago 2
@ILikeTheThingsIDo, I'll second that! Let's not waste any time for a sign over the corpse. Just dump it in a cornfield somewhere.
Parcival01 1 year ago
@Parcival01 Same penalty for all the wall street bailout bonus bastards too.
ILikeTheThingsIDo 1 year ago
@ILikeTheThingsIDo, Do I get to reuse the nails??
Parcival01 1 year ago
@Parcival01 Only if you want to pry them out! Seems like it might be an icky job.
ILikeTheThingsIDo 1 year ago
@ILikeTheThingsIDo, so icky I'll do it with glee!
Parcival01 1 year ago
At the very least this guy should die of old age in prison. Here's what will happen, he will be fined as Cenk said and he will lose the ability to hold those two titles and will come up with a new title where he has the same responsibilities and powers and that will be that. Our own government allowed this fraud, why would we even think they would punish those they were in business with? It's amazing how powerful the top 1% are and how blind and helpless the other 99% of us can be.
TheUSMetalhead 1 year ago
Is it just me that everytime the name Mozilo comes up, thinks of Mozilla Firefox?
LtShock 1 year ago
Fortunately for Angelo Mozilo, he can afford several new legacies to replace his old, tarnished one. All he has to do is pop into the nearest Legacy Emporium, and I'm sure he can find a good steal.
DRok112 1 year ago
If your in your 70s and need to get tan jobs, do us a favor and at least dye your hair darker. I can barely tell if he's Italian or black.
protoroc 1 year ago
@protoroc He is the niggest.
soovara 1 year ago
Oh No There Goes Tokyo............Mozilo!
barbtube01 1 year ago
cenk looks so tired D:
SNascensionK 1 year ago
And the moral of the story boys and girls is that corporate crime pays, and pays good.
GET A ROPE!
DonQuixotedeKaw 1 year ago 2
Angelo Mozilo
Is he Black or is that just a really bad fake tan job?
flake452 1 year ago 2
Getting to the point where I yearn for the old west........and a good rope. Complacency and apathy are the roots of all of this and those in power know how far they can push before people get mad enough to act.
Mahoivlich 1 year ago
So when republicans say they are pro life the just mean pro tax payer life, until they are old enough to die in war or be murdered by the state for a crime they are convicted of in a corrupt legal system where the rich are never imprisoned.
yourmomdidsayyourean 1 year ago
Comment removed
ERROLCUSTERFLYNN4EVR 1 year ago
lol our buddy Cenk has to practice his fake smiles. ....anyway Go Cenk! "have at it hoss!"
leoamar4385896 1 year ago
0:19
Cenk has a smile fail
AEgamesFtw 1 year ago
You look pretty tired Cenk.
Darkside1025 1 year ago 3
Lol wait, Cenk I thought more regulations and more government involvement in the private sector would help..... god I hate fascism
maradona2 1 year ago
@maradona2 this is lack of regulation
MrGish1 1 year ago
@MrGish1 Are you kidding me? This is FRAUD. They caught him and what did they do? NOTHING. More regulation means they government will let them do whatever they want. This guy should be in prison
maradona2 1 year ago
fareal give bankers 25 with a L
bigrodneyakatrey 1 year ago
I'm no conservative idealogue, but all you Cenk lovers are a bunch of impressionable followers. I like watching TYT as much as anyone else, but don't you think his hypocrisy is at least a bit unbearable? As 1 example, he says CNN doesn't do "real" news, and they just want "access". Take a look in the mirror, MSNBC is not much different in the Obama administration compared to FAUX News in the Bush years. I would trust CNN over anyone
hofifut 1 year ago
@hofifut
Only difference between CNN and MSNBC is that MSNBC has Cenk on their show voicing his opinions!!!!!!!!!!! One up for MSNBC
sharkl11 1 year ago
@hofifut Re: Cenk's hypocrisy: does it affect the truth of what he's saying? If not, then perhaps it doesn't matter much. Sort of like the president getting into trouble for committing adultery.
GreatBigBore 1 year ago
@hofifut That isn't hypocrisy. Do you even know what hypocrisy means? If CNN allowed Cenk to speak openly, Cenk would say the same things he has been saying for years. I'm willing to bet that Cenk would even speak on Fox News if got a guarantee that they wouldn't censor him. Cenk will speak truth in any forum that he will be allowed to speak in. At the moment, that includes MSNBC. Cenk would never claim that all of MSNBC represents him merely because he is allowed to state his opinions there.
MarmaladeINFP 1 year ago 2
Hey Cenk, you've come a long way! I'm glad to see you're becoming a big player in the field of media politics. I've always thought you were a great presenter and a comedic personality. Good luck, but please, don't become a total slave to politics. Please think for yourself and if you are oppressed by lies and bullshit, overcome. God bless everything and everyone, except for the corrupt liars and sinister beings.
b3njamin0912 1 year ago
get em cenk
B4TT3RY 1 year ago
Cenk makes funny faces while waiting to speak lol
Nolimittt 1 year ago
Big companies have this country bent over a chair.
crazyrandomfool 1 year ago 3
who the fuck is chuck norris
CENK IS THE MAN
kazekage321414 1 year ago 54