At happytravelling: Please read Naomi Klein, "The Shock Doctrine: The Rise Of Disaster Capitalism". And anything by Thom Hartmann, Naomi Wolf, Craig Unger, Jeff Sharlett, John Perkins, Jeremy Scahill, and the list is long. Get into them and you will find all of the rest of the real facts out here. Peace
let the bank do what ever they want just keep our tax dollars out of the pockets. you are a Democrat sheep thinking regulation fixes any thing is foolish because government cheats there own regulation no more bail outs or TARP
@boorens18 Thank you for your brillent commet, I watched some of your videos, you are close to the truth. rember we have the choice to defult on our loan and walk away from a bad loan. the goverment should have never step in to help a failing business model. we would be better off in the long run! the fed is the real problem, its a bussiness not a regulator
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HAHA this dip shit has a wole army of videos attempting to bash Glenn Beck..... Wow dude get laid!! Smoke a joint..... do something with your life....
well why dont you WAKE THE FUCK UP and people will stop saying it,,,read a book or two,,,read your history,,,understand that TYT is a commie org. that pushes tribalism. They want to divide us and keep us fighting over worthless socialist issues,,,like healthcare,,,its real simple end the fed follow the constitution ,,,hang the traitors
Candice you make me laugh. I saw your page. You have some vids with photos that were already disproved. LOL. You can´t tell people to wake up if you have NO IDEA what they believe. That´s just stupid and annoying. For all you know they completely agree with you.
BTW healthcare is worthless? Not very christian.
BTW I read books in multiple languages. Can you? Have you ever even been to a historical place?
Wake up, Cenk! Obama's admin is controlled by the same banking families that controlled Bush administration. There is no difference between Dems and Repubs
Yeah. Exactly the same. The fact that they can´t agree on ANYTHING is just a ruse.
You can certainly argue about the bankers but saying there´s no difference between dems and repubs ruins it. As if my local representative down the street is in on the global conspiracy. I know him and he´s not a reptilian, I promise. Maybe some are.
Geitner is a puppet of the oligarchy. His job, along with Bernanke (who is his real boss) is to manage the collapse of the American economy, as the prequel to the new world order.
fucking crazies with all this NWO shit. Why not go back to your dark hole and watch some more Alex Jones and leave us normal people alone with your shit?
Awesome video, Cenk. You've got it exactly right. Geithner and his handlers want to rebuild the broken system -- at our expense. That's why we have to push for receivership/bankruptcy for the failed institutions. AND we have to claw back executive salaries, and maybe even dividends, in those cases where fraud was central to the failure of these companies.
Keep the heat on Obama. He's doesn't understand these issues, but he's getting very bad (criminal?) advice.
dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp this is so scary snd ths ovr 2 5 vids in 143 mins when ur done press f6 nd ur crush's name wll appear :D
I agree with Cenk. I liked Geitner at first, but his resistance to eliminating bonuses for companies which would have failed without US intervention turned me against him. I also agree that this clearinghouse idea is bogus.
He is still first and foremost protecting the banking status quo.
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Fuck Geithner and Obama. Those greedy ass licking , mother fucking tax hungry son of a bitches. May they die in hell a horrible fucking death. How much money do you want you fucking ass holes. You already have half my fucking income. You cock sucking bastards. Go to hell. Also that retard Biden. Fuck you. How about being a patriot and giving up your fucking income, you miserable fagot. Live like we do to understand the pain of excess tax you sorry bastard. Fuck all you Demo Fagot queer fucks
Why is anybody surprised or even upset about anything that goes on in the district of corruption? DC is not even part of the U.S. of A. It is the home of the ruling elite who do not answer to the laws that they impose on us slaves. Tax cheat geitner is only doing what his masters in the finance industry tell him to do.
democrat-republican
conservative-liberal
They are all on the same team. Its all a SHAM to keep the slaves arguing while the masters walk away with their sweat equity.
if you think things are bad now just give it another 15 years. the ppl that allowed this financial crisis have long term plans. the dollar will vanish along with more borders and our rights.
Timmy Geithner was President of the Federal Reserve under Bush. Wake the fuck up you idiots, he saw all of this coming and chose to do very little, now he wants to impose these radical changes.
What is this racist Jewish shit? Why don't you pigs go crawl down a hole. As far as Obama not being in office long enough...He has supported bailing out criminal banks, tax the poor to do it, no investigation of criminal activity on Wall Street, failed to live up to lobbyist reform, supports a criminal trade policy with China, is spending even more money on the wars in Af and Ir, has backed off of raising taxes on rich people to pay for this, is running massive deficits...etc. need i say more
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Jews control america and are smashing it into the ground so they can bring in their new world order and it's gonna happen because most americans are fucking idiots and everything is a conspiracy theory to them.
You mean Obama is pushing for a plan.......Wake up. Obama isn't the savior you thought he would be. And, now your creds are on the line because you told everyone Obama would change the world. And, all he has done is run up massive deficits to continue a policy of foreign intervention and to save banksters.
I kinda expected this shit to happen when I first heard Obama talk about "bringing everyone together", including the greedy-ass fuckers that caused this recession. For a while, I thought Obama was smart enough not to fall for shit. Boy was I wrong.
Nasdaq, NYSE and CME are all private companies. They are publicly trade but they are private companies. Futures contracts have a very similar structure to CDSs. At one point the chair of the CME was is a pitched battle with Greenspan and Rubin for regulatory authority over CDSs.
I've always thought a clearinghouse might work better, if the firms actually deposited a percetage of the contract into an account at the clearing house. The money would be returned when the account termed. No trciks.
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Cenk is actually thinking here. However, he is missing the whole point about the Obama administration. Obama is not sincere when he reads teleprompters. His chief purpose is to gather Power into the hands of the state. Financial honesty in the markets is not really important in the near term since the government will eventually be running the economy. Obama is an ideologue who has learned to abide by the Geithner's of the world until he reaches the full purity of his goals.
AIG was effectively acting as the clearinghouse. The clearinghouse should not simultaneously be involved in the market. There is nothing wrong with commercial clearinghouses. Nasdq, NYSE and CME all act as commerciall clearinghouses.
CDSs that are not attached to the value of an underlying asset should be illegal in my opinion. But that would require international cooperation. Having higher reserve requirements will significantly reduce the risk those products pose to the US financial system.
I like you cent but your waay off here. What has caused this wall street failure has been the fault of regulating the money supply not under regulation.
if not geithner then paulson, if not paulson bernake and so on. someone from big business will always get the nod. there are things obama can do and there are things he can't. carter was probably the last democratic president who tried to address the problems in washington. he was reviled by some and only served 1 term. i won't blame obama for policies outside his overall control.
I'd rather say cheney was smart. And all the other crooks in his cabinet. But bush, although i agree that he's probably not as dumb people think, couldn't have done it.
As pessimistic as that sounds, it's probably good advice. Especially when we're talking about politics.
However, i know nothing about finance. So i'll give Geithner the benefit of doubt, but he has to be held accountable if his plans fail. I think that's only fair.....
We too have been working on a cure. It is a farm program for the worst cases, particularly those with the really virulent libertarian strain. There they can slowly be brought back into society or isolated as a the situation dictates. We call it: Generosity (and) Understanding (through) Labor, Agriculture, (and) Governance Hmm thats kind of long. I wonder if we could use an acronym instead.
"We too have been working on a cure. It is a farm program for the worst cases, particularly those with the really virulent libertarian strain. There they can slowly be brought back into society or isolated as a the situation dictates. We call it: Generosity (and) Understanding (through) Labor, Agriculture, (and) Governance Hmm thats kind of long. I wonder if we could use an acronym instead."
I'm not going to get my panties in a bunch until Geitner comes out and gives a press confrence stating that this is his plan...where did this information come from?
Were screwed, the banks are insolvent, the old biz model won't work without cheap credit, the gov is over-extended. Get ready for "change that you can believe in."
Sad thing is that if Geithner actually came out and eliminated it.....people would have another "Tea Party" for the corporations.
Certain news outlets would classify it as Government dictating to the private sector what they can and can't do which will damage the "trickle down effect".(joke) which would add to the already looming government power revolt.
You can fire Geithner but the person who replaces him would be either be tied up with a gun to their head by bank lobbyist or be like him.
Dear Lord please give Geithner and Summer's incurable rectal cancer so that they can die a horrible and painful death for being the asses that they are.
Funny how Cenk left Obama out every time he criticized Geithner. ain't it? I hope he stops fooling around and admits Geithner and Bernanke would never screw American people this ruthlessly w/o the nod from Obama.
Yeah that's what I'm saying. He doesn't want to admit that Geithners actions are Obamas responsibility. Everybody saw this coming with the selection of Geithner by Obama. Like Obama doesn't know what Geithner is doing.
Geithner screws us again. Obama lets it happen.
When will we read that as title for a video? He doesn't want to put his idol in a bad light. He is too generous with praise and blind for criticism.
What? Did you watch it? "If Obama goes this path than it's going to be a disaster.". That isn't admitting shit.
That's like saying "If Bush doesn't let the US leave Iraq it's gonna be a disaster." 4 years after the invasion when it already went disaster big time.
It's all 'Summers and Geithner" all the time, because they don't want change. Like Obama didn't have anything to do with it.
EVERYBODY [with a brain] knew this was going to happen in advance.
People should've felt betrayed after those selections of Obama. Everybody should've know that selecting the guys most responsible for the crisis to fix it is bullshit.
People are just too fucking stupid. So fucking stupid that they vote for Bush 2 times and so stupid that they keep licking Obamas ass after he nailes them time and time again.
No fucking change. People are freaking idiots and till that changes the government wont.
TimesEyes:"everybody should've know that selecting the guys most responsible for the crisis to fix it is bullsh*t", Your an idiot.....Whatever your dumbass is trying to say, your so wrong. So wrong that anyone seeing your bullshit wont take you seriously, and you sound like a nazi. Just because you have no power in any decisions made, you come on youtube and sprew your vile shit here, well, get a life you blatant homosexual, and get off Obamas dick!
You are not intelligent enough to get what I'm saying and yet for some reason you feel comfortable enough claiming that I'm wrong.
That's stupidity at it's best. Sadly your intuition can't make up for your lack of intelligence.
You don't really follow politics do you? You feel that way because you are one of the idiots I was talking about. The uneducated, ignorant, naive fool.
And on top of that a fool who still thinks that 'homosexual' is an insult to anybody. Pathetic.
Maybe I misspoke. When I meant throughout out the show i mean the whole 3-hour show in which Cenk frequently calls on Obama for Geitner's failures. This is a 4 minute clip, you should watch the whole entire show to make a comment like what you made.
Sorry I missed that. The whole show is a bit long. They handle a lot of topics I'm not interested in. If he did that than I'm glad I'm wrong, but than these 4 minute clips are worthless. They should've included that in the clip. It's hard to find any strong comments against Obama on any of the TYT clips.
I like Cenk but I still feel that the show could be even better would he give his opinion without trying to influence those of others so hard.
Love ya Cenk! I voted for Obama and and I respect his vision. I realize he has a full plate now but summers and Geithner need to be watched! They have conviced folks Wall St has learned it's lesson. Yeah right.
I am more in line with G. Edward Griffin. You should read his book "The Creature of Jeckyll Island. That will give you an insight into whats going on. Alex Jones makes some good points, But I don't agree with everything he says. What has happened in the past few months is due to the same thing that happened in 1913. The money trust has inserted its power. The Fed is the head of the largest money laundering cartel ever. Fiat money brings these problems. The Federal reserve is a conspiracy.
Through the manipulation of worthless paper money and credit which is also not real money, the bankers will control all of the worlds economies. Why? Not one country on the planet uses a commodity based currency. Look up on you tube Argentina's economic collapse and Greenspan says Fed is an indepenant agency.
Obama is directly responisble for Geithner, however when something bad happens. No one will blame Obama for it, they will try to pawn it off on Geithner. Obama is ultimately responsible.
we already have "new world order", it isn't a secret, just the "nice" term for it is "globalization". It isn't some future apocolyptic thing, it's already happened. Between the world bank and federal reserve, money flow is the system whereby the elite control the rest of the world. All throughout history elitists control the masses, it has been this way for a long time, and isn't going to change by speculating on "the worst case scenerio" as the AJ's of the world like to do.
AJ and others study the agenda of these elites. They do not merely speculate on the 'worst case scenario', but warn of the actual objective of the elite, which is worked on inter-generationally through the decades. I strongly recommend checking out Alan Watt's 'cutting through the matrix' pod-cast, he is better informed and much more level-headed than AJ.
although I'm somewhat libertarian, I do think that regulations have to be in place to protect against unbridled greed. Unbridled greed is the cause of our current economic debacle.
This is making me ill. Who do we turn to? What do we do? I need Pres. Obama to stop looking to these folks (I NEVER trusted Summers and was dismayed he was in this Admin). Something has to give!
Which is exactly why I can't imagine why otherwise intelligent leaders like Obama would use such a term. It's been well-established that the term has been hijacked by the conspiracy nuts and to other people the term is so broad, vague and cliched it's practically lost all meaning.
Geithner was the head of the NY Fed, he is not doing a thing to help you common folk out. He is on the side of the bankers and the corporate elite. All he is doing is bringing about the collapse of the U.S. dollar so some international standard can be enacted.
H R 1207 is now in committee. I can't wait to see what happens... Most people, if they took the time to analyze where their money/time went, would realize that much of it went to taxes, inflation and interest. They are in no uncertain terms, born to lose. In other words, Credit=debt= slavery.
This is a travesty. The trouble with Geithner is that he fundamentally agreees with the way the market was run. He may be a "liberal" but he is really pushing for the same stuff Paulson and Bush Pushed for and it is going to screw us more.
There will have to be exterior regulation. After a lifetime of working toward apex, "More money is good, and less money will be bad". That is the overlying power template for a certain kind of mind. This is why they got to the top in the first place. These fellows think of less money as the highway to hell. What happened to that "gone money"?? Was it never real in the first place?
I never said war crimes should be avoided...There are priorities and time constraints when it come to healthcare reform. War Crimes prosecution has no time constraints and more evidence will come to light with time. At this point should Obama drop everything and focus on war crimes would be STUPID!
You are missing the point completely. You are putting your expectations in a person who has shown in a very short time where his loyalties lay.
The choice on tearing the US apartis not mine. These people are doing it daily under the noses of the people. The contempt is so undisguised I think the electorate are desperate not to believe whats going on despite all the evidence to the contrary.
There does come a time for every nation when the people have to tell those in control "no more!"
No. See you are going in for wild accusations. I'm saying simply what is the case for all ruling elites down the years. They have their priorities and the ordinary classes have theirs.
Since they hold all the levers of power there comes a time for a show-down to get them to relinquish the massive gains they appropriate in less turbulent times.
The point the US has reached, and I might add a few other countries beside, is where the divergence of goals need to be narrowed somewhat. And it won't be achieved unless a show of force is given.
The wait and see approach is just the green light they need. A passive electorate is just what they have always wanted
Your propiosal would have some credibility and rationale if there was genuine opposition between the two parties but there is zero.
No citizenry wants to enter such times but the wait and see appraoch is gutless in the face of such extreme crimes and if not faced down you will neither have a healthcare plan or any remnants of the republic on which supoposed freedoms were based.
I don't know what to say about this. The people who have gained in this crisis and before, will be looking for ways to increase their wealth as they begin building the next crisis. Mean while those of us who are out of a job, living on savings and Credit Cards, are staring at a future of cardboard boxes or pup tents. You think labor in this country will rise? No it's going to be cheep, very cheep. The reset button is being pushed.
"The reset button is being pushed." With a little help by an EMP burst? It's about time! My god we need some simplification. It's just too bad that it may entail actual rape, pillaging and robbery, especially in the large urban areas.
'Fly-over' county isn't really that bad after all! Yeah, I know that's not funny.
We can't expect Pres. Obama to dumb Geithner, but there will be a time were congressional democrats will force the President's hand to fire that moron Geithner.
Geithner is not a moron. He is banking on the stupidity of the american people and so far they are telling him they are as stupid as he thinks they are.
How many poor people have put their savings in the bank and asked how can I earn more interest? I asked the other day to Wells Fargo. There is NO OPTIONS unless you have 25k. the difference... .15% for under25k and .5% for over. I of course said "I don't have 25k." I know the bank becomes more valuable by having more money therefore the larger investor is a larger asset to the bank but do we to have "screw" the small investor? Why not 3/4 of the % they get instead of less than 1/3? Incentives?
One day the banks are going to "get it." The top 1% of Americans in 1980 had 8% of America's wealth. 2009 the top 1% have 23%.
Banks are not there for the little guy right now. There are no options for poorer people to earn savings interest WITHOUT getting penalized with fees from banks. Saving interest for poor = low. CD's, IRA's = penalized for dipping into them. Think of the fee relative to a larger customer. It wipes out the interest just earned!!! Need incentives for the little guy plz!
pulsar...puff, puff, give! u smokin' some heavy duty blunts over there, huh? Well, wait a minute here, maybe I'm not looking at this the right way. U say Geithner is right 4 job, but what job is that exactly? If it involves systematically dismantling our economy beyond hope for repair, you might just be right. No doubt O's plan is sound. Just a different agenda than the rest of us. He's done exactly the opposite of every single thing he claimed to stand for during campaign. Whats that called?
Wake up and call people for what they are. Obama if not a crook is relying on crooks to correct several massive frauds and robberies. In the end he is ultimately accountable.
People should hold his toes to the fire get him to prosecute Bush and Co. for the illegal war in Iraq and all the crimes that followed.
That would set up a precedent that would put the president under and not above the law as the office is at the moment.
Politics is an art...Obama knows exactly what he is doing and he feels Healthcare will do more to help Americans than prosecuting war crimes RIGHT NOW...Let him get the REAL help to Americans and then see what he does in terms of bringing the Bush criminals to justice.
Yes they doneed to think. And healthcare while extremely important is not as important as the war crimes issue on so many levels.
If you have an elite who feels it can plunder, sacrifice it own at will and get away scott free any effort to move on the issue of healthcare will come to nothing.
Sometimes you cannot just politically manoevre on fundamentals or all the rest just falls away due to neglect.
I'm sorry but you really need to think...and long-term at that.
We will see...However, it is flat out absurd to say that Healthcare should take the back seat for the indefinite future just to go after criminals...I'm sorry but the American people need help and they need it now!
I think President Obama is where he is bc he knows what he is doing. As more evidence comes to light the investigations will intensify. For Obama to drop everything and ignore the pain of the American people would be STUPID!
Obviously we disagree. But to say my side of the argument would lead to indefinite suspension of healthcare plans just shows exactly how deep a mess the US is in.
It shows you think the vested interests have absolutely no plans to give ground on anything no matter how criminal, have massive the crime, both against property (raiding taxpayer funds) or person (sacrificing US citizens for military goals).
There are many Democrats in congress who knew about the torture back when it was going on and they could be held reponsible too. If you want to tear this country apart right now before any domestic reform is done then that is your right...I just hope Obama continues to fight the battles in the order that is best for Americans...TIME is on our side if we choose our battles correctly. There will be time for such criminal investigations after Healthcare and the rest of Obama's budget is passed.
You can't pick between the parties on these things because the same people are behind
both and if the president is nothing but a front man for these powerful interests it would cut the ground from under them and the poeple might finally have some say in what goes on.
There is class war in the US and the upper classes are walking all over you.
Self-regulation could work, if the people selected for these positions were capable of the job. This is a perfect example of where people are more important than process. You can put in all the transparency you want, but if you put incompetents or scumbags in the slot you'll get buggered. Good reason to lokk for people with some ability and honour, rather than who has a positive attitude and is wearing the right colour tie.
This thing is beyond regulation b/c government is always a step behind on what really is going on. So trying to regulate is not going to work. What government could do is to put the risks back. They can just tell these Wall St. gamblers, "Ok, you can gamble all you want. If it fails, NO BAIL OUT FOR YOU!!" That's how you let the market regulates itself.
If Wall St. makes billions legitimately, they can certainly keep it. What we have now is that they still make billions even when their business collapses thanks to these government bailouts. It's the government trying to mess w/ the market by dumping tons of tax payers' money onto these guys that made this nonsense happen, yet none of these DC politicians had the decency to come out admitting they were wrong. If they are that incompetent, we might as well just let market regulate itself.
You're thinking of Wall Street as a monolithic entity. Its made up of individuals. Even if we didn't bail out Wall Street, there would still be guys who got mega-rich pulling these gambling scams because they pay-off in the short-term and our economy would still be fucked. I agree, fuck the bailout, but we need some kind of regulatory body. Its better leaders we need, not fewer laws.
At happytravelling: Please read Naomi Klein, "The Shock Doctrine: The Rise Of Disaster Capitalism". And anything by Thom Hartmann, Naomi Wolf, Craig Unger, Jeff Sharlett, John Perkins, Jeremy Scahill, and the list is long. Get into them and you will find all of the rest of the real facts out here. Peace
Jane102248 11 months ago
let the bank do what ever they want just keep our tax dollars out of the pockets. you are a Democrat sheep thinking regulation fixes any thing is foolish because government cheats there own regulation no more bail outs or TARP
racingrobert1 1 year ago
@racingrobert1 You're stupid :)
boorens18 1 year ago
@boorens18 Thank you for your brillent commet, I watched some of your videos, you are close to the truth. rember we have the choice to defult on our loan and walk away from a bad loan. the goverment should have never step in to help a failing business model. we would be better off in the long run! the fed is the real problem, its a bussiness not a regulator
racingrobert1 1 year ago
the republicrats.
mizzoulibertarian 2 years ago 3
This comment has received too many negative votes show
HAHA this dip shit has a wole army of videos attempting to bash Glenn Beck..... Wow dude get laid!! Smoke a joint..... do something with your life....
U2bMst3R 2 years ago
"Wow dude get laid! Smoke a joint... do something with your life..."
YOU ARE SO COOL
-_-
Gomess 2 years ago
The whole ¨wake up¨ line is so played out. It´s putting me to sleep.
oalemdemadrid 2 years ago
well why dont you WAKE THE FUCK UP and people will stop saying it,,,read a book or two,,,read your history,,,understand that TYT is a commie org. that pushes tribalism. They want to divide us and keep us fighting over worthless socialist issues,,,like healthcare,,,its real simple end the fed follow the constitution ,,,hang the traitors
candiceevans1 2 years ago
Candice you make me laugh. I saw your page. You have some vids with photos that were already disproved. LOL. You can´t tell people to wake up if you have NO IDEA what they believe. That´s just stupid and annoying. For all you know they completely agree with you.
BTW healthcare is worthless? Not very christian.
BTW I read books in multiple languages. Can you? Have you ever even been to a historical place?
oalemdemadrid 2 years ago
Wake up, Cenk! Obama's admin is controlled by the same banking families that controlled Bush administration. There is no difference between Dems and Repubs
torremalku 2 years ago 2
Yeah. Exactly the same. The fact that they can´t agree on ANYTHING is just a ruse.
You can certainly argue about the bankers but saying there´s no difference between dems and repubs ruins it. As if my local representative down the street is in on the global conspiracy. I know him and he´s not a reptilian, I promise. Maybe some are.
oalemdemadrid 2 years ago
Wake up, random conspiracy theorist!
wheresurhat 2 years ago
first time i ever agreed with this pig.
peezaphace 2 years ago 2
Are they for real. we need someone in government with some f-----g balls to stand up to these power grabbing nazis!!
HELLLLLLLLLLLLLLLLLLLLP!
bossduff 2 years ago 3
I usually don't like this guy, but he's totally right here. 5/5, excellent video.
miner805 2 years ago
Obama, please fire this nut. Try hiring the guy who wrote the book predicting the collapse. It sounds like he at least has a clue.
ThoughtRipple 2 years ago
Geitner is a puppet of the oligarchy. His job, along with Bernanke (who is his real boss) is to manage the collapse of the American economy, as the prequel to the new world order.
siddhaam 2 years ago
fucking crazies with all this NWO shit. Why not go back to your dark hole and watch some more Alex Jones and leave us normal people alone with your shit?
facefullofcum 2 years ago
no. I wont.
siddhaam 2 years ago 2
where can i get a tin foil hat like yours.
occams razor bitch... think about it
peezaphace 2 years ago
another nasty comment from another nasty little mind.
He came straight from the Fed and will go straight back there; and you really think he is serving your best interests.
If you were able to see beyond your nose you would see that the Fed runs the US treasury.
siddhaam 2 years ago
no shit dipshit. any idiot with a fucking set of ears gets that.
what are YOU gonna do about it mr youtube commando?
lol.
you crack me up.
i'm still waiting for the "wake up man, wake up"
peezaphace 2 years ago
what a nasty little jerk you are.
siddhaam 2 years ago
Awesome video, Cenk. You've got it exactly right. Geithner and his handlers want to rebuild the broken system -- at our expense. That's why we have to push for receivership/bankruptcy for the failed institutions. AND we have to claw back executive salaries, and maybe even dividends, in those cases where fraud was central to the failure of these companies.
Keep the heat on Obama. He's doesn't understand these issues, but he's getting very bad (criminal?) advice.
carthfhuil 2 years ago 6
They're damn sure not about to let me regulate my own self.
msrebel54 2 years ago 2
This has been flagged as spam show
dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp this is so scary snd ths ovr 2 5 vids in 143 mins when ur done press f6 nd ur crush's name wll appear :D
CrissyBeth 2 years ago
I agree with Cenk. I liked Geitner at first, but his resistance to eliminating bonuses for companies which would have failed without US intervention turned me against him. I also agree that this clearinghouse idea is bogus.
He is still first and foremost protecting the banking status quo.
happytravelling 2 years ago 6
Obama is following Bush to lead us to collapse. Change is the new "Big Lie".
blnfrnswrth 2 years ago
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Fuck Geithner and Obama. Those greedy ass licking , mother fucking tax hungry son of a bitches. May they die in hell a horrible fucking death. How much money do you want you fucking ass holes. You already have half my fucking income. You cock sucking bastards. Go to hell. Also that retard Biden. Fuck you. How about being a patriot and giving up your fucking income, you miserable fagot. Live like we do to understand the pain of excess tax you sorry bastard. Fuck all you Demo Fagot queer fucks
barkingdogs3 2 years ago
how much money do you earn?
Xiller8 2 years ago
Why is anybody surprised or even upset about anything that goes on in the district of corruption? DC is not even part of the U.S. of A. It is the home of the ruling elite who do not answer to the laws that they impose on us slaves. Tax cheat geitner is only doing what his masters in the finance industry tell him to do.
democrat-republican
conservative-liberal
They are all on the same team. Its all a SHAM to keep the slaves arguing while the masters walk away with their sweat equity.
ferdnerkel 2 years ago
if you think things are bad now just give it another 15 years. the ppl that allowed this financial crisis have long term plans. the dollar will vanish along with more borders and our rights.
kindguy420 2 years ago
Timmy Geithner was President of the Federal Reserve under Bush. Wake the fuck up you idiots, he saw all of this coming and chose to do very little, now he wants to impose these radical changes.
Your change has come to America, kids.
cummyCroissant 2 years ago 2
Geithner is to Obama
as
Rove was to Bush
mexicanexalted 2 years ago
mexicanexalted: Actually, Geithner is to Obama as Geithner was to Bush. Tied to financial advice under BOTH.
Rove, on the other hand, is a different entity altogether.
Don't get me wrong, all should be punished.
1000Demons 2 years ago
What is this racist Jewish shit? Why don't you pigs go crawl down a hole. As far as Obama not being in office long enough...He has supported bailing out criminal banks, tax the poor to do it, no investigation of criminal activity on Wall Street, failed to live up to lobbyist reform, supports a criminal trade policy with China, is spending even more money on the wars in Af and Ir, has backed off of raising taxes on rich people to pay for this, is running massive deficits...etc. need i say more
123BDG123 2 years ago
I don't understand why Republicans hate Obama so much. He governs just like Ronald Reagan:
Comfort the comfortable
Afflict the afflicted
grEzyRyd3r 2 years ago
This comment has received too many negative votes show
Jews control america and are smashing it into the ground so they can bring in their new world order and it's gonna happen because most americans are fucking idiots and everything is a conspiracy theory to them.
UGOTDAJACK 2 years ago
You mean Obama is pushing for a plan.......Wake up. Obama isn't the savior you thought he would be. And, now your creds are on the line because you told everyone Obama would change the world. And, all he has done is run up massive deficits to continue a policy of foreign intervention and to save banksters.
123BDG123 2 years ago
All he has done? he's barely been in office long enough to fuck up anything.
That's all on you fucktards.
PhrexianReturns 2 years ago 2
I kinda expected this shit to happen when I first heard Obama talk about "bringing everyone together", including the greedy-ass fuckers that caused this recession. For a while, I thought Obama was smart enough not to fall for shit. Boy was I wrong.
Ed76638 2 years ago 4
Geithner's 'solution' to the fraud is a fraud in itself.
ladollyvita 2 years ago 2
Where are the conservative trolls that say Cenk only criticizes Republicans? Of course now they have nothing to say.
Encyclopeteia 2 years ago
OFCOURSE!!
rborchers7 2 years ago
Nasdaq, NYSE and CME are all private companies. They are publicly trade but they are private companies. Futures contracts have a very similar structure to CDSs. At one point the chair of the CME was is a pitched battle with Greenspan and Rubin for regulatory authority over CDSs.
I've always thought a clearinghouse might work better, if the firms actually deposited a percetage of the contract into an account at the clearing house. The money would be returned when the account termed. No trciks.
schmokay 2 years ago
Is it just me or are all of these people jews?
insanic1 2 years ago
This comment has received too many negative votes show
Cenk is actually thinking here. However, he is missing the whole point about the Obama administration. Obama is not sincere when he reads teleprompters. His chief purpose is to gather Power into the hands of the state. Financial honesty in the markets is not really important in the near term since the government will eventually be running the economy. Obama is an ideologue who has learned to abide by the Geithner's of the world until he reaches the full purity of his goals.
obamajoke 2 years ago
AIG was effectively acting as the clearinghouse. The clearinghouse should not simultaneously be involved in the market. There is nothing wrong with commercial clearinghouses. Nasdq, NYSE and CME all act as commerciall clearinghouses.
CDSs that are not attached to the value of an underlying asset should be illegal in my opinion. But that would require international cooperation. Having higher reserve requirements will significantly reduce the risk those products pose to the US financial system.
schmokay 2 years ago
The problem with letting the market fix itself...is that all those people lose their jobs.
deathbygreek 2 years ago
I like you cent but your waay off here. What has caused this wall street failure has been the fault of regulating the money supply not under regulation.
Fed creating cheap money bubbles!...
Let the free market decide
martinaoe2 2 years ago
right. lmfao. goofball.
pompusdweeb 2 years ago
Great argument idiot.
martinaoe2 2 years ago
Takes 1 2 kno 1...
pompusdweeb 2 years ago
well give him your argument??
Shirtyboi88 2 years ago
No argument.. then stfu you uneducated fool.
martinaoe2 2 years ago
This video had Cenks signature "OFCOURSE!" 5 stars.
UcanbeGOD 2 years ago
0:46 Ouch
safco82 2 years ago
0:28 OF COURSE! lol, I love you, Cenk!
WarriorOfWoW 2 years ago
if not geithner then paulson, if not paulson bernake and so on. someone from big business will always get the nod. there are things obama can do and there are things he can't. carter was probably the last democratic president who tried to address the problems in washington. he was reviled by some and only served 1 term. i won't blame obama for policies outside his overall control.
hume12345 2 years ago
Why do republicans think they know Obama will fail? If they know the future how come they didnt know Bush would fuck up so much?
skyhawk09xx 2 years ago
hey, bush got most of what he wanted done, he got most of his bull pass so i say bush is pretty smart
MrRightAllTime 2 years ago
I'd rather say cheney was smart. And all the other crooks in his cabinet. But bush, although i agree that he's probably not as dumb people think, couldn't have done it.
ComeLeVent 2 years ago
I'm an Obama supporter, but Giethner speaks for Obama. If you're looking form someone to blame, blame Obama too!
I would give Geithner AND Obama the benefit of doubt on this. They have more intelligence on this than you do Cenk, with all due respect!
ver506 2 years ago
never give your leaders the benifit of doubt.
fjackson90 2 years ago 3
As pessimistic as that sounds, it's probably good advice. Especially when we're talking about politics.
However, i know nothing about finance. So i'll give Geithner the benefit of doubt, but he has to be held accountable if his plans fail. I think that's only fair.....
ver506 2 years ago
"i know nothing about finance"
Here is an idea, LEARN!!!
Democracy requires knowledgeable citizens to function, so consider it your civic duty. :)
ArchNME 2 years ago
Oh lighten the fuck up, would you? It's not like you can make me learn about something i'm not interested in. Go get laid or something......
ver506 2 years ago
Just a suggestion. Calm down, no one is going to force you to learn anything, I promise.
lol, yeeash, no wonder this country is so fucked up.
ArchNME 2 years ago
Trust me, this country will be better off when people like you get laid.
ver506 2 years ago
right... yeah. Are you 12?
ArchNME 2 years ago
Close enough. But no, i'm not gonna sleep with you.
ver506 2 years ago
Totally saw that one coming. lol
ArchNME 2 years ago
Hey, you're the smart one.
ver506 2 years ago
Thanks.
ArchNME 2 years ago
Uh-huh...
ver506 2 years ago
Lets allow drug dealers, pedophiles, and rapists self-regulate themselves as well.
xxShannonGreenxx 2 years ago 2
Conservative Republicans Defined:
A chronic case of mental retardation.
Causes: Living in delusion, Refusing to admit mistakes, taking credit for gains, and finger-pointing at Democrats for setbacks.
Racist, bigoted, intolerant, lying, born-again hypocritical sons of bitches who are TOTALLY OUT OF TOUCH WITH MAINSTREAM AMERICA.
Cure: Several 1. Swift kick in the ass. 2. Education 3. Renounce Fox News 4. No more inbreeding with relatives.
econchick 2 years ago 5
you forgot the pedophiles.........dont forget the pedophiles
crowdaddy13 2 years ago
We too have been working on a cure. It is a farm program for the worst cases, particularly those with the really virulent libertarian strain. There they can slowly be brought back into society or isolated as a the situation dictates. We call it: Generosity (and) Understanding (through) Labor, Agriculture, (and) Governance Hmm thats kind of long. I wonder if we could use an acronym instead.
Rundstedt1 2 years ago 2
"We too have been working on a cure. It is a farm program for the worst cases, particularly those with the really virulent libertarian strain. There they can slowly be brought back into society or isolated as a the situation dictates. We call it: Generosity (and) Understanding (through) Labor, Agriculture, (and) Governance Hmm thats kind of long. I wonder if we could use an acronym instead."
maybe KZ, cause it sounds that´s what you want.
BMWizardofOz 2 years ago
I'm not going to get my panties in a bunch until Geitner comes out and gives a press confrence stating that this is his plan...where did this information come from?
luvangel330 2 years ago
This has been flagged as spam show
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FaceKillaBloodSpilla 2 years ago
Comment removed
Ainakona 2 years ago
what are you talking about?
amp1616 2 years ago
Wake up Obama before it is too late!!!!
ndyt 2 years ago
Were screwed, the banks are insolvent, the old biz model won't work without cheap credit, the gov is over-extended. Get ready for "change that you can believe in."
ad2181 2 years ago
you hit the nail on the head wit "wont work without cheap credit"
Cenk really does not know how this bubble in money supply caused these problems
martinaoe2 2 years ago
Geitner is a piece of crap, and so is Obama for giving this glorified con man a job, I regret voting for him
tico8007 2 years ago 3
yea Geithner is the worst...
micahgee 2 years ago
Geithner is a disaster, but what do you expect from an obama nominee?
donottake 2 years ago
Sad thing is that if Geithner actually came out and eliminated it.....people would have another "Tea Party" for the corporations.
Certain news outlets would classify it as Government dictating to the private sector what they can and can't do which will damage the "trickle down effect".(joke) which would add to the already looming government power revolt.
You can fire Geithner but the person who replaces him would be either be tied up with a gun to their head by bank lobbyist or be like him.
drewalk2007 2 years ago 4
Dear Lord please give Geithner and Summer's incurable rectal cancer so that they can die a horrible and painful death for being the asses that they are.
pongman 2 years ago 4
haha haha
tico8007 2 years ago
I do not trust Geithner or Summers one bit. Way too shady
bluesboy25000 2 years ago 2
yeah they are knee deep in all that is wrong with the financial system
tico8007 2 years ago
Let's be reeaally angry at Geithner again but let us this time not act like Obama isn't responsable. Still too far up his ass to admit that?
For the rest good job Cenk. Good coverage.
TimesEyes 2 years ago
Funny how Cenk left Obama out every time he criticized Geithner. ain't it? I hope he stops fooling around and admits Geithner and Bernanke would never screw American people this ruthlessly w/o the nod from Obama.
dlmaniac 2 years ago
Yeah that's what I'm saying. He doesn't want to admit that Geithners actions are Obamas responsibility. Everybody saw this coming with the selection of Geithner by Obama. Like Obama doesn't know what Geithner is doing.
Geithner screws us again. Obama lets it happen.
When will we read that as title for a video? He doesn't want to put his idol in a bad light. He is too generous with praise and blind for criticism.
TimesEyes 2 years ago
he does admit to that throughout out the show. You guys should watch the whole thing.
sithius 2 years ago
What? Did you watch it? "If Obama goes this path than it's going to be a disaster.". That isn't admitting shit.
That's like saying "If Bush doesn't let the US leave Iraq it's gonna be a disaster." 4 years after the invasion when it already went disaster big time.
It's all 'Summers and Geithner" all the time, because they don't want change. Like Obama didn't have anything to do with it.
EVERYBODY [with a brain] knew this was going to happen in advance.
TimesEyes 2 years ago
People should've felt betrayed after those selections of Obama. Everybody should've know that selecting the guys most responsible for the crisis to fix it is bullshit.
People are just too fucking stupid. So fucking stupid that they vote for Bush 2 times and so stupid that they keep licking Obamas ass after he nailes them time and time again.
No fucking change. People are freaking idiots and till that changes the government wont.
TimesEyes 2 years ago
Selections by Obama sorry.
TimesEyes 2 years ago
TimesEyes:"everybody should've know that selecting the guys most responsible for the crisis to fix it is bullsh*t", Your an idiot.....Whatever your dumbass is trying to say, your so wrong. So wrong that anyone seeing your bullshit wont take you seriously, and you sound like a nazi. Just because you have no power in any decisions made, you come on youtube and sprew your vile shit here, well, get a life you blatant homosexual, and get off Obamas dick!
paclives692002 2 years ago
You are not intelligent enough to get what I'm saying and yet for some reason you feel comfortable enough claiming that I'm wrong.
That's stupidity at it's best. Sadly your intuition can't make up for your lack of intelligence.
You don't really follow politics do you? You feel that way because you are one of the idiots I was talking about. The uneducated, ignorant, naive fool.
And on top of that a fool who still thinks that 'homosexual' is an insult to anybody. Pathetic.
TimesEyes 2 years ago
Maybe I misspoke. When I meant throughout out the show i mean the whole 3-hour show in which Cenk frequently calls on Obama for Geitner's failures. This is a 4 minute clip, you should watch the whole entire show to make a comment like what you made.
sithius 2 years ago
Sorry I missed that. The whole show is a bit long. They handle a lot of topics I'm not interested in. If he did that than I'm glad I'm wrong, but than these 4 minute clips are worthless. They should've included that in the clip. It's hard to find any strong comments against Obama on any of the TYT clips.
I like Cenk but I still feel that the show could be even better would he give his opinion without trying to influence those of others so hard.
TimesEyes 2 years ago 2
we need to start a movemenet asking for
Tim Geithner to go.
we need to protest on eth Obama camp
JerezJulio 2 years ago 3
Love ya Cenk! I voted for Obama and and I respect his vision. I realize he has a full plate now but summers and Geithner need to be watched! They have conviced folks Wall St has learned it's lesson. Yeah right.
hoosiermama5357libin 2 years ago
Will TYT be supporting Nader in 2012 now its clear Obama is just another ruling class clown who will screw us over every chance he gets?
zoidberg444 2 years ago
Why bother, the world will come to an end that year....
God, I hate those people that say that.
YawnGod 2 years ago
Giethner is just sucking up to the Republican Party
Giethner suce juste jusqu'au Parti Républicain
Giethner apenas está chupando hasta el Partido Republicano
devenald 2 years ago
This all begs the question, has the government become; by the people, for the markets?
3dbeing 2 years ago
to late already there
p6a9u1l42 2 years ago
which is why I said has become, rather than is becoming... you should learn English a little better...
3dbeing 2 years ago
geithner is a god damn double agent!! hes gonna bring down obamas presidency
malik910 2 years ago
I am more in line with G. Edward Griffin. You should read his book "The Creature of Jeckyll Island. That will give you an insight into whats going on. Alex Jones makes some good points, But I don't agree with everything he says. What has happened in the past few months is due to the same thing that happened in 1913. The money trust has inserted its power. The Fed is the head of the largest money laundering cartel ever. Fiat money brings these problems. The Federal reserve is a conspiracy.
iluvwine13 2 years ago
Through the manipulation of worthless paper money and credit which is also not real money, the bankers will control all of the worlds economies. Why? Not one country on the planet uses a commodity based currency. Look up on you tube Argentina's economic collapse and Greenspan says Fed is an indepenant agency.
iluvwine13 2 years ago
Obama what are you doing? Stop it now!!!
orientrat 2 years ago 3
Obama is directly responisble for Geithner, however when something bad happens. No one will blame Obama for it, they will try to pawn it off on Geithner. Obama is ultimately responsible.
flyingtorpedo 2 years ago
we already have "new world order", it isn't a secret, just the "nice" term for it is "globalization". It isn't some future apocolyptic thing, it's already happened. Between the world bank and federal reserve, money flow is the system whereby the elite control the rest of the world. All throughout history elitists control the masses, it has been this way for a long time, and isn't going to change by speculating on "the worst case scenerio" as the AJ's of the world like to do.
enigmatically 2 years ago
AJ and others study the agenda of these elites. They do not merely speculate on the 'worst case scenario', but warn of the actual objective of the elite, which is worked on inter-generationally through the decades. I strongly recommend checking out Alan Watt's 'cutting through the matrix' pod-cast, he is better informed and much more level-headed than AJ.
GuyTM 2 years ago
although I'm somewhat libertarian, I do think that regulations have to be in place to protect against unbridled greed. Unbridled greed is the cause of our current economic debacle.
enigmatically 2 years ago
I really hate the fact Obama choosed Geithner.. I feel like Obama will soon regret it, or maybe he already has....
MixesCrystalz 2 years ago
more "change" you can believe in
fucken Obama
NO CHANGE, NO DIFFERANCE
crinoid1918 2 years ago 2
This is making me ill. Who do we turn to? What do we do? I need Pres. Obama to stop looking to these folks (I NEVER trusted Summers and was dismayed he was in this Admin). Something has to give!
SquallCloud 2 years ago
Can you point to any major policy differences between the parties at all? If so what are they?
Telcontar1962 2 years ago
There is one party. The WallStreet party.
This guy thinks that Obama gives a rats ass about the people. He needs to get his head examined.
Obama hasn't done one thing for the people where WallStreet would get hurt.
Will be a disaster? Has been since he was on the campaign and scurried to Washington to push the $700b gift to the rich from the middle class.
Paetaor 2 years ago
If America doesn´t stop this shit now, you will have to bail them out again in 20 years.
zzzbbb123456 2 years ago
Which is exactly why I can't imagine why otherwise intelligent leaders like Obama would use such a term. It's been well-established that the term has been hijacked by the conspiracy nuts and to other people the term is so broad, vague and cliched it's practically lost all meaning.
megamarsvin 2 years ago
Geithner was the head of the NY Fed, he is not doing a thing to help you common folk out. He is on the side of the bankers and the corporate elite. All he is doing is bringing about the collapse of the U.S. dollar so some international standard can be enacted.
HR1207
fatmoleman 2 years ago 2
H R 1207 is now in committee. I can't wait to see what happens... Most people, if they took the time to analyze where their money/time went, would realize that much of it went to taxes, inflation and interest. They are in no uncertain terms, born to lose. In other words, Credit=debt= slavery.
coultrane 2 years ago 2
This is a travesty. The trouble with Geithner is that he fundamentally agreees with the way the market was run. He may be a "liberal" but he is really pushing for the same stuff Paulson and Bush Pushed for and it is going to screw us more.
bluesboy25000 2 years ago
Don't forget....It will be run by the IMF. IN THE WORDS OFGORDAN BROWN "A NEW WORLD ORDER IS EMERGING" Obama is a fraud.
iluvwine13 2 years ago
You are a weak minded fool!
NWO or religion they are both the exact same thing! Bullshit wrapped in a package that only weak minded idiots buy into!
Go hide in a bunker with Alex Jones & Glenn Beck...Do not forget your energy bars and water!!! HURRY!!!!
There is a FEMA Camp with your name on it!
SkyDaddy7 2 years ago 2
They need to fire that bastard
DarkStar109 2 years ago
They need to cut this shit out
DarkStar109 2 years ago
There will have to be exterior regulation. After a lifetime of working toward apex, "More money is good, and less money will be bad". That is the overlying power template for a certain kind of mind. This is why they got to the top in the first place. These fellows think of less money as the highway to hell. What happened to that "gone money"?? Was it never real in the first place?
hypnofan35 2 years ago
I never said war crimes should be avoided...There are priorities and time constraints when it come to healthcare reform. War Crimes prosecution has no time constraints and more evidence will come to light with time. At this point should Obama drop everything and focus on war crimes would be STUPID!
SkyDaddy7 2 years ago
You are missing the point completely. You are putting your expectations in a person who has shown in a very short time where his loyalties lay.
The choice on tearing the US apartis not mine. These people are doing it daily under the noses of the people. The contempt is so undisguised I think the electorate are desperate not to believe whats going on despite all the evidence to the contrary.
There does come a time for every nation when the people have to tell those in control "no more!"
Telcontar1962 2 years ago
I am losing your point?
So, what you are saying is Obama is part of some NWO crap?
If you are into such weak minded delusions like the NWO then go hide in a bunker with Glenn Beck...
Seriously, what is your point?
SkyDaddy7 2 years ago
No. See you are going in for wild accusations. I'm saying simply what is the case for all ruling elites down the years. They have their priorities and the ordinary classes have theirs.
Since they hold all the levers of power there comes a time for a show-down to get them to relinquish the massive gains they appropriate in less turbulent times.
It goes in cycles like boom andbust economics.
Telcontar1962 2 years ago
The point the US has reached, and I might add a few other countries beside, is where the divergence of goals need to be narrowed somewhat. And it won't be achieved unless a show of force is given.
The wait and see approach is just the green light they need. A passive electorate is just what they have always wanted
Telcontar1962 2 years ago
Your propiosal would have some credibility and rationale if there was genuine opposition between the two parties but there is zero.
No citizenry wants to enter such times but the wait and see appraoch is gutless in the face of such extreme crimes and if not faced down you will neither have a healthcare plan or any remnants of the republic on which supoposed freedoms were based.
Telcontar1962 2 years ago
We will see...
SkyDaddy7 2 years ago
Fucking Geithner is dumbass. He needs to go he's finding new ways to scerw use every week.
carboy101 2 years ago
I don't know what to say about this. The people who have gained in this crisis and before, will be looking for ways to increase their wealth as they begin building the next crisis. Mean while those of us who are out of a job, living on savings and Credit Cards, are staring at a future of cardboard boxes or pup tents. You think labor in this country will rise? No it's going to be cheep, very cheep. The reset button is being pushed.
Boomer1949 2 years ago
"The reset button is being pushed." With a little help by an EMP burst? It's about time! My god we need some simplification. It's just too bad that it may entail actual rape, pillaging and robbery, especially in the large urban areas.
'Fly-over' county isn't really that bad after all! Yeah, I know that's not funny.
jefevonQ 2 years ago
We can't expect Pres. Obama to dumb Geithner, but there will be a time were congressional democrats will force the President's hand to fire that moron Geithner.
myha16 2 years ago 2
Geithner is not a moron. He is banking on the stupidity of the american people and so far they are telling him they are as stupid as he thinks they are.
Telcontar1962 2 years ago 2
If Obama goes with it, I will completely lose faith in him, and my support for him will go down to zero.
ArtypNk 2 years ago
Great report! So in essence they're going to document how they're gambling with our money...
fal2grace 2 years ago
I don't know what scares me more, Geithners "plans" or the fact that all the right wingnuts like him so much all of the sudden.
jstutz2003 2 years ago
I love watching Cenk wiggle his liberal posterior around in his chair, continuing his bashing of Obamas Secretary of Treasury Geithner.
Yes sir re..............
Real change you can believe in.
bobbytiger 2 years ago
How many poor people have put their savings in the bank and asked how can I earn more interest? I asked the other day to Wells Fargo. There is NO OPTIONS unless you have 25k. the difference... .15% for under25k and .5% for over. I of course said "I don't have 25k." I know the bank becomes more valuable by having more money therefore the larger investor is a larger asset to the bank but do we to have "screw" the small investor? Why not 3/4 of the % they get instead of less than 1/3? Incentives?
dirtynas 2 years ago
One day the banks are going to "get it." The top 1% of Americans in 1980 had 8% of America's wealth. 2009 the top 1% have 23%.
Banks are not there for the little guy right now. There are no options for poorer people to earn savings interest WITHOUT getting penalized with fees from banks. Saving interest for poor = low. CD's, IRA's = penalized for dipping into them. Think of the fee relative to a larger customer. It wipes out the interest just earned!!! Need incentives for the little guy plz!
dirtynas 2 years ago
pulsar...puff, puff, give! u smokin' some heavy duty blunts over there, huh? Well, wait a minute here, maybe I'm not looking at this the right way. U say Geithner is right 4 job, but what job is that exactly? If it involves systematically dismantling our economy beyond hope for repair, you might just be right. No doubt O's plan is sound. Just a different agenda than the rest of us. He's done exactly the opposite of every single thing he claimed to stand for during campaign. Whats that called?
Tpacuriosity 2 years ago
all this talk about fascism and socialism is wrong. obama didnt bring either to the white house. he brought judaism!!! HES SECRETLY A JEW.
WAKE UP PEOPLE!!
Wiiowner 2 years ago
that's ironically since he is constantly being called an muslim and is not popular in israel.
shoobedoorocketship 2 years ago
^^ even if it's true. Who cares if he's a jew? ^^ Are you an idiot?
P1ranh4 2 years ago
you need to get over this jewish thing.
Wake up and call people for what they are. Obama if not a crook is relying on crooks to correct several massive frauds and robberies. In the end he is ultimately accountable.
People should hold his toes to the fire get him to prosecute Bush and Co. for the illegal war in Iraq and all the crimes that followed.
That would set up a precedent that would put the president under and not above the law as the office is at the moment.
Telcontar1962 2 years ago
Politics is an art...Obama knows exactly what he is doing and he feels Healthcare will do more to help Americans than prosecuting war crimes RIGHT NOW...Let him get the REAL help to Americans and then see what he does in terms of bringing the Bush criminals to justice.
People need to think!
SkyDaddy7 2 years ago
Yes they doneed to think. And healthcare while extremely important is not as important as the war crimes issue on so many levels.
If you have an elite who feels it can plunder, sacrifice it own at will and get away scott free any effort to move on the issue of healthcare will come to nothing.
Sometimes you cannot just politically manoevre on fundamentals or all the rest just falls away due to neglect.
I'm sorry but you really need to think...and long-term at that.
Telcontar1962 2 years ago
We will see...However, it is flat out absurd to say that Healthcare should take the back seat for the indefinite future just to go after criminals...I'm sorry but the American people need help and they need it now!
I think President Obama is where he is bc he knows what he is doing. As more evidence comes to light the investigations will intensify. For Obama to drop everything and ignore the pain of the American people would be STUPID!
SkyDaddy7 2 years ago
Obviously we disagree. But to say my side of the argument would lead to indefinite suspension of healthcare plans just shows exactly how deep a mess the US is in.
It shows you think the vested interests have absolutely no plans to give ground on anything no matter how criminal, have massive the crime, both against property (raiding taxpayer funds) or person (sacrificing US citizens for military goals).
Telcontar1962 2 years ago
I just can't see how you can possibly square that conclusion without admitting that an all-out attack on those very same interests can be avoided.
You will not get the healthcare plan you seek in any shape or form.
I would suggest wait and see is stupid. Just how much longer are people prepared to be assaulted on all fronts?
Telcontar1962 2 years ago
There are many Democrats in congress who knew about the torture back when it was going on and they could be held reponsible too. If you want to tear this country apart right now before any domestic reform is done then that is your right...I just hope Obama continues to fight the battles in the order that is best for Americans...TIME is on our side if we choose our battles correctly. There will be time for such criminal investigations after Healthcare and the rest of Obama's budget is passed.
SkyDaddy7 2 years ago
You can't pick between the parties on these things because the same people are behind
both and if the president is nothing but a front man for these powerful interests it would cut the ground from under them and the poeple might finally have some say in what goes on.
There is class war in the US and the upper classes are walking all over you.
Telcontar1962 2 years ago
yeah.. 100% sarcasm, u jerks.
Wiiowner 2 years ago
Self-regulation could work, if the people selected for these positions were capable of the job. This is a perfect example of where people are more important than process. You can put in all the transparency you want, but if you put incompetents or scumbags in the slot you'll get buggered. Good reason to lokk for people with some ability and honour, rather than who has a positive attitude and is wearing the right colour tie.
franksnow79 2 years ago
Can you post a link on this? I don't think credit default swaps should be banned.
Superplatanoman 2 years ago
Neither Cenk nor Geithner is right on this one.
This thing is beyond regulation b/c government is always a step behind on what really is going on. So trying to regulate is not going to work. What government could do is to put the risks back. They can just tell these Wall St. gamblers, "Ok, you can gamble all you want. If it fails, NO BAIL OUT FOR YOU!!" That's how you let the market regulates itself.
dlmaniac 2 years ago 3
And the Wall Street traders who made billions keep their billions and our economy collapses, fucking all of us. Not a good plan buddy.
eirefrance 2 years ago
If Wall St. makes billions legitimately, they can certainly keep it. What we have now is that they still make billions even when their business collapses thanks to these government bailouts. It's the government trying to mess w/ the market by dumping tons of tax payers' money onto these guys that made this nonsense happen, yet none of these DC politicians had the decency to come out admitting they were wrong. If they are that incompetent, we might as well just let market regulate itself.
dlmaniac 2 years ago
You're thinking of Wall Street as a monolithic entity. Its made up of individuals. Even if we didn't bail out Wall Street, there would still be guys who got mega-rich pulling these gambling scams because they pay-off in the short-term and our economy would still be fucked. I agree, fuck the bailout, but we need some kind of regulatory body. Its better leaders we need, not fewer laws.