The banks have full control of America, the media is controled by the banks, the gov't is controled by the banks,they control all the peasents, till the peasents wake up. come on people open your eyes
America is sounding more and more like a feudal society... A bunch of "lords" exploit the people and the "king" (= government) is little more than a figurehead while the "lords" have the true power.
SEC should have bans on taking jobs with the financial industry and severe prison sentences for taking money. They should get paid based on the number of convictions.
MAFIA, , I was wondering where the NY mafia had gone too Jewish Mafia is alive and well channelling billions to Israel land purchase,s in the west bank LONG LIVE HAMAS ,The zionist are screwing america over, The jew pig,s want america to kill Iranian,s for them,Go check it out,
GM's bailout was taken, put into an escrow account, put 9% back in savings, then paid off that 9% with the amount they had in their escrow account, and said "we paid it off in full and ahead of schedule". It was used to subsidize union benefits and pensions that the company destroyed at the expense of millions of other jobs and foreclosures-people we'll never know the names of. The hijacking of our treasury, and theft of the dollars value. Bill passed along to the taxpayer of future generations
You can bet your ass that those on the federal reserve board, who conspired with congress to monetize debt and buy up toxic assets, are also former employees of AIG! AIG took their bailout money, sold 2 assets to the Federal Reserve for cash, then used that money to pay back the treasury, which was financed by the fed. Gotta love that little white collar criminal ring they have going. To sum it up, the Fed gave AIG FREE MONEY. Privatizing profits while socializing losses, that's corporatism!
Thanks for making the case for a free market in banking and the elimination of worthless, greedy, corrupt, criminal regulators working for lobbyists and other special interests. Zoning, price controls, licensing, subsidies, tariffs, and regulations almost always hurt the consumer in the name of protecting them. It's no coincidence that half the Federal Reserve were former Goldman Sachs employees. It's no surprise that the regulators work side by side with the very interests that fund campaigns.
SEC personnel are then hired by banks." Same thing with CEO's gaining jobs with ant-trust and various other regulatory agencies, put in office politically, with the goal of cutting off competition. Regulatory bodies almost always wind up serving the very interests they regulate. When the legislators set the rules for buying and selling, the first thing to be bought and sold are the legislators. When gov't grows, industrialists take it over, forming a coalition between the workers and consumers.
what you are missing is that the SEC does not have to fine or pursue anything. the SEC could just drop the case with no fine. OR not pursue future fraud.
This screams the evidence of a class-money-based system where corporate deals trump the rule of law. It means that the only free men in our society have purchased their nobility, rather than honored the rights shared by all citizens in this country. They steamrolled the competition and anyone who stood in their way, in search of profit, to satisfy their greed.
The key is to indict on a surgical level instead of a general fine that does not implicate individuals.
Who made the decisions to defraud and deceive, those are the ones who should pay but to call for the dismantling of an entire corporation because of the criminal activity of the few at the top is misguided and punishes the decent and innocent people who work for that company.
Penalty should fit the crime. They should pay back everyone defrauded plus a public fee to help repair the societal damage. The penalty should be a loss of money for the frauds terms
It seems to me that the penalty should be *more* than what they made, not less, otherwise there's no deterrent. They should also have to repay everyone they defrauded.
“The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them, but it is duty bound to control them wherever the need of such control is shown.”
If I, as an individual, commit fraud of this magnitude, I see prison time and see fines in excess of this by millions; yet, a large corporation, that is now seen legally as a 'person', basically gets away with it.....Huh. Love this country!
Fraud can be a pretty vague term. I think that it's really the best bet to nailing these banks.
But we've gotta be careful how they're hit... When they say that they're too big to fail, they are. That was always the problem. We can't set these fuckers adrift, because it'll collapse the entire global economy. We need to ween ourselves off of them, and break the stranglehold they have on us all.
@lapugenero I wouldn't say this judge is merely not being corrupt, but rather he's identifying corruption, and forcing the relevant parties into accountability. Granted, dispensing justice is his job, but so is it the job of the firefighter to remove people from infernos, and the job of the solidier to defend the Constitution from all enemies... An imperfect analogy, I know, but the point is made.
" $150 that comes back to us, the taxpayer..." no no no wait wait wait. Stop right there. I didn't see a dime of that. That went to those government people who drop bombs on brown people and sell us out to special interests.
@hallavast Yeah, you could say that, but it is also another $150 million dollars that the govt does not have to raise taxes to get and does not have to cut any other programs that actually help American people. I definitely hear you, but I would still rather see that money in the hands of the American govt than in the hands of the bank.
@nibblerseven Well, without the american government, the banks would kinda collapse, because they don't serve enough purpose to support their gigantic bureaucracies without it. I'm not sure which government programs that help people you're talking about. And the US tends to borrow when it can't raise the required revenue anyway, so... if you have my perspective (that the US govt is a leech on society in its entirety and is beyond fixing), then you don't much care about those things. :)
Morale of this story is: If you're going to be a criminal in USA, make sure you be be a white collar criminal; there is much more money and almost no risk. Even if you get cought goverment will always have your back and pay your debts for you, while you get millions of dollars in bonuses.
This is a classic Goldman con. Just read about it in "Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America" (a 2010 book by the political journalist Matt Taibbi). The crooks are running the system.
"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
Cenk is right. Corporations are SUPER-people!! They never die, they can't go to jail, percentage wise they pay far less taxes than your average person....
@SaintJimmy76 How can they be super people when they're not a person in the first place, they're just an organization made up of people. Of course you can't send an organization to jail, that makes no sense.
CAPITALISM creates ELITE CRIMINALS. BANKERS. DRUG LORDS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. etc..
CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. LAWYERS. DRUG LORDS. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc. etc..
HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
@SaintJimmy76 Corporations are made up of employees, customers, and stockholders. There are over 150 million stockholders (half the nation) in this country. The United States Corporate top marginal rate is literally the highest in the world. Those who you consider rich pay the lions share of taxes in this country. Most people actually don't pay any federal taxes at all. Taxing producers will do 4 things. Raise unemployment, lower tax revenues, lower wages, and raise prices of goods and services
actually there is no fraud involved, if there was why didn't the Obowma administration pursue criminal charges? don't blame the GOP, they're not in charge
Have to love the way Cenk spins the truth knowing 99% of the viewers don't know shit and he can continue with his propaganda against bankers. He hopes to profit through your ignorance
Jed Rakoff is TRULY Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is VASTLY SUPERIOR to this ass-clown in every single way! These bank frauds would never happen in the Palination for Palin will use her GOD POWERS to instill a greater sense of morality on every body on this planet!
This is why Ron Paul shouldn't be President. Paul would argue Citigroup doesn't owe a penny; People just shouldn't do business with Citigroup again. Remember, it's entirely your fault if you're poisoned or ripped off by corporations.
I know who'll be getting a ton of kiddie porn downloaded to his personal computer this X-MAS. "To- the HONORABLE Judge Rakoff. From- your friendly international bankster cabal."
If bank robbers could settle out of court, without admitting faullt, for a fraction of the money they stole there would be a line of guys in ski-masks out the bank door.
@soylentgreenb you really hit the nail on the head there. no jail, dont admit fault, pay a 10% (if that) "tax" on the stolen money, I'd be the first in line!! or if you look at our entirely fraudulent debt money system, along with fractional reserve lending which basically means you can lend out 20 x the money you have in deposits, which is pretty much legalized counterfeiting, We'd all skip the bank and just print our own!!
@grambosix It's called "shorting" a stock. I don't understand the logic behind it, personally. Apparently you can buy a stock, say for $2 and "short" it, hoping that it will drop. So if the stock is then at, say, $1 - you have profited $1. What I don't understand is who actually takes/pays that loss...
Yes, but the government is supposed to be the means, the tool. usually and everywhere else, officially, the tool of the people or the tool of the King for the people.
But in the U.S nobody is kidding themselves, it's the tool of the oligarchy.
@underbjorn But if you look at history, the very reason the US constitution was developed as it was, that is a limited government, is because they realized that power in the hands of the few will always cause corruption. Hell, look at nuclear technology. The US has it, and we threaten every country with the use of them. The only countries we do not do that is those that also have nuclear technology. There is no benevolent government, only benevolent people.
Can be interpreted as such yes, and the government is merely society's directing organ, where society means an organized mass of people. What's "benevolent" is always subjective.
Apparently highly advanced is sufficient to create a superior society in all beneficial aspects measurable (Sorry, having the state spend hundreds of billions on nuclear weapons is hardly "beneficial") to your republic.
stop pretending you know the first thing about American banking system, or the politics involved.
From 2006 to 2010, far-left progressive Barney frank has been chairman of the very powerful Banking Committee In Congress and that group has total oversight of banking in US.
all the evil goings on Cenk keeps talking about has been during liberal control of Congress
if anyone should go before a firing squad it should be the liberals and many supporters, like Cenk
No geniewenie, we have established hundreds of times by now, that I know more than you can possibly get into your weniegenie brain about any such issues.
I don't know as much about shantytown banking in Costa Rica though, your opportunity to shine there!
.
From 2006 to 2008, the war criminal regime of George Bush sat in power and signed under to anything to help the big banks. All the evil Cenk keeps talking about has been under deliberate corporate/Republican control.
you have really done it good, you've displayed your total ignorance of the American system of Government
In America Congress controls ALL spending, every dime! also has complete oversight!
from 2006 to Obowma's election, the Dems controlled Congress. subsequent to Obowma becoming Pres, the Dems had TOTAL iron grip control of ALL government until the GOP took the House in Nov/10. however, with the Dems in control of Senate, they still really control Government
Uhm no, as said in this video, the Democrats were part of it, but the Republicans pushed through and were taking the lead in all pro-big bank legislation.
The Republicans did in no way oppose giving the banks control of the economy, did you see anybody complaining as the directors filled their pockets? Did you see Bush prosecute a single one of them?
Blame the banks and the Republicans, who are in an alliance.
you really don't have any idea as to what you're talking about! you know nothing about America, just what you see in videos such as TYT which is 99% pure bullshit propaganda
how many bankers has Obowma prosecuted?? none,..because no criminal offenses were involved. get that through your pointy head
@genie0390 Your correct about one thing, the Liberals in charge are very corrupt. Corrupted by a system created by the Right-Wing & built on the backs of the lower class, so corrupted that an honest politician Republican, Democrate, Independent... has no chance of surviving unless they bow down to the real world leaders; WALL ST. & CORPERATIONS The best example of this is Obama. Doesnt matter what he promises, his actions say everything. Hes corrupted by the money given to him by corp. doners
@kkingcombo12345 Bah, don't you realise how sad that is? We get a good feeling inside when we realise there's a few people that AREN'T corrupt... really? Is that how America has fallen?
The thought that the justice system no longer works right when it comes to trailing the rich has seeped into my head- Now what? Change the justice system? Nope, politicians can do that and they're puppets of the same rich people. Only thing I can think of is violence executed by the people.
Americans, is it just me or is this judge most probably going to be moved to some Pacific island community very soon alternatively taking an overdose/being killed in a car accident?
I'm watching MSNBC, and switched over to CNN in just a few second intervals, and found them both literally praising Dow for raising 400 points, going like.. "Oh Wow!" Like they've never seen it before. Then they spend like 10 minutes talking about how it came to be, as if it's a bombshell...
You can tell those media outlets are soo bought by their reactions. XD
@egervari That's fun and all, but that's not a problem of government as such, but of accountability & transparency. Moreover your alternative, the Austrian style free-market bears is based on an ideal-type of the free-market economy which has little in common with reality & if an attempt is made to effectuate it can have some seriously harmful consequences.@Redbloodedsky Look 3 comments below :.p
I love the rationale behind this, if we collectively decide the NOT put our money in this scam bank, the government will take our taxes and pay them REGARDLESS.
Oh nooo not an activist judge! Not a judge that cares about the constitution and the public interest. We can't have that! How did he get confirmed anyway? Because I am just outraged that this judge would dare to protect the public's interest ;-) Well done sir! I solute you. You actually have earned the salutation "your honor".
a) has some minor grey area blown up to a mountain to unseat him
b) moves on to a higher court elsewhere
c) has politicians all over his arse
d) has an "accident"
IF we had a groundswell of judges telling off the SEC and bankers things would get a lot better. IF we had political parties that weren't in bed with the banks things would get better. IF the agencies started being ethical about regulation... judges are the last wall after leg. and exec fail.
@earlgray1947 You imply they haven't tried lol, I think that's why Cenk was commending him, good to know at least one judge in this country has some sense of justice.
@kzolly Vote Ron Paul. Probably one of the last civil options we have left. And also the people need to change our philosophy about what the role of government ought to be. We also need to peacefully resist more and more. Talking on a youtube comments page isn't really going to cut it.
The banks have full control of America, the media is controled by the banks, the gov't is controled by the banks,they control all the peasents, till the peasents wake up. come on people open your eyes
MrOne4truth 2 months ago
America is sounding more and more like a feudal society... A bunch of "lords" exploit the people and the "king" (= government) is little more than a figurehead while the "lords" have the true power.
Tuuliska 2 months ago 8
How is that not just a legal bribe?
stuartjamesgemmell 2 months ago
SEC should have bans on taking jobs with the financial industry and severe prison sentences for taking money. They should get paid based on the number of convictions.
Zooni2 2 months ago 4
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Enemy of Greece, Ireland,Italy,Spain & USA - Jew
1.Goldman Sachs CEO, Lyold Blankfein-Jew
2.IMF Deputy CEO, John Lisky -Jew
3.Ex IMF CEO, Dominic Strauss- Jew
4.World Bank CEO, Robert Zoellick-Jew
5.Ex World Bank CEO, James Woolfesen-Jew
6.Fed Chairman, Ben Bernanke-Jew
7.Ex Fed Chairman, Alan Greenspan-Jew
8.Obama Treasury Secretary, Tim Geithner-Jew
9.George Bush Treasury Secretary, Hank Paulson-Jew
Stevie68000 2 months ago
One more thing what Citibank fraudster disliked this video?
SwagDemon 2 months ago
Lmao super people
SwagDemon 2 months ago
How did they bet against the loans?
SwagDemon 2 months ago
MAFIA, , I was wondering where the NY mafia had gone too Jewish Mafia is alive and well channelling billions to Israel land purchase,s in the west bank LONG LIVE HAMAS ,The zionist are screwing america over, The jew pig,s want america to kill Iranian,s for them,Go check it out,
invaliduser1000 2 months ago
GM's bailout was taken, put into an escrow account, put 9% back in savings, then paid off that 9% with the amount they had in their escrow account, and said "we paid it off in full and ahead of schedule". It was used to subsidize union benefits and pensions that the company destroyed at the expense of millions of other jobs and foreclosures-people we'll never know the names of. The hijacking of our treasury, and theft of the dollars value. Bill passed along to the taxpayer of future generations
USTreasuryBond 2 months ago
You can bet your ass that those on the federal reserve board, who conspired with congress to monetize debt and buy up toxic assets, are also former employees of AIG! AIG took their bailout money, sold 2 assets to the Federal Reserve for cash, then used that money to pay back the treasury, which was financed by the fed. Gotta love that little white collar criminal ring they have going. To sum it up, the Fed gave AIG FREE MONEY. Privatizing profits while socializing losses, that's corporatism!
USTreasuryBond 2 months ago
Thanks for making the case for a free market in banking and the elimination of worthless, greedy, corrupt, criminal regulators working for lobbyists and other special interests. Zoning, price controls, licensing, subsidies, tariffs, and regulations almost always hurt the consumer in the name of protecting them. It's no coincidence that half the Federal Reserve were former Goldman Sachs employees. It's no surprise that the regulators work side by side with the very interests that fund campaigns.
USTreasuryBond 2 months ago
SEC personnel are then hired by banks." Same thing with CEO's gaining jobs with ant-trust and various other regulatory agencies, put in office politically, with the goal of cutting off competition. Regulatory bodies almost always wind up serving the very interests they regulate. When the legislators set the rules for buying and selling, the first thing to be bought and sold are the legislators. When gov't grows, industrialists take it over, forming a coalition between the workers and consumers.
USTreasuryBond 2 months ago
3:34 Gyrations...? So Citigroup's been raping America? Thanks for saying it like it is, Rakoff!
danielcontoro 2 months ago in playlist More videos from TheYoungTurks
Corperstions are Super People! How else could NetFlix still be alive, can you explain that?
GENERALJOHNNYREBEL 2 months ago
Wait a few years. They'll replace Rakoff with a corporate robot.
coopclauson 2 months ago in playlist Uploaded videos
This has been flagged as spam show
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.
- Mark Twain
RagdollRalph 2 months ago
2 people that dislike this are Citigroup employees
Trigun075 3 months ago 2
The new screen for displaying quotes is f'ugly. Stick with white text on a blue background TYT.
soundslave 3 months ago
what you are missing is that the SEC does not have to fine or pursue anything. the SEC could just drop the case with no fine. OR not pursue future fraud.
KiheiLawyer 3 months ago
This screams the evidence of a class-money-based system where corporate deals trump the rule of law. It means that the only free men in our society have purchased their nobility, rather than honored the rights shared by all citizens in this country. They steamrolled the competition and anyone who stood in their way, in search of profit, to satisfy their greed.
Sucks to be an American these days.
valiant411 3 months ago 34
@valiant411 This judge needs to be fired. The general public has no right to know the truth here.
HomleandSecurity 3 months ago
new (s.f) iredoglak (e.c) om/2011/11/30/lps-whistleblower-turns-up-dead/
Death to the bankers!
Kill them before they suicide you
dffykvn 3 months ago
Hum, no, taxpayers don't get a cent pay off those millions. When's the last time you got a check from the SEC?
marekknowak 3 months ago
I'd be tempted to say Jed Rakoff for Supreme Court...but it looks like we need him to stay right where he is.
RedXlV 3 months ago
The key is to indict on a surgical level instead of a general fine that does not implicate individuals.
Who made the decisions to defraud and deceive, those are the ones who should pay but to call for the dismantling of an entire corporation because of the criminal activity of the few at the top is misguided and punishes the decent and innocent people who work for that company.
clownprince88 3 months ago
The penalty should amount to a loss of money for the fraudsters
ecnetsixe 3 months ago
Penalty should fit the crime. They should pay back everyone defrauded plus a public fee to help repair the societal damage. The penalty should be a loss of money for the frauds terms
ecnetsixe 3 months ago 2
Hang some carpet on the wall, take care of that echo.
Lilbitevil 3 months ago
There is an echo at your new setup. You should find a way to stop the echoing.
karlgamer 3 months ago
It seems to me that the penalty should be *more* than what they made, not less, otherwise there's no deterrent. They should also have to repay everyone they defrauded.
YY4Me133 3 months ago
I want to make him a cupcake ^_^
boastfuls 3 months ago
still should have been way fukin more
Jleibj 3 months ago
JUDGE JED RAKOFF RULES!!!!
publicatdamagnificen 3 months ago
“The great corporations which we have grown to speak of rather loosely as trusts are the creatures of the State, and the State not only has the right to control them, but it is duty bound to control them wherever the need of such control is shown.”
~ Theodore Roosevelt
UncleMatt69 3 months ago 2
damn, i just left bank of america for citibank... time to find a better bank again... any suggestions?
huskyclaw 3 months ago
@huskyclaw TD Bank, Sovereign, Banco Popular?
imthetube44 3 months ago
@imthetube44 ah, thanks!
huskyclaw 3 months ago
@huskyclaw Did you switch on that particular day where many switched their banks? Thought it was to be for a switch to local credit unions.
avion106 3 months ago
@avion106 i didnt switch on that particular day (but i have heard of it) but i did switch around that time (coincidentally, though)
huskyclaw 3 months ago
If I, as an individual, commit fraud of this magnitude, I see prison time and see fines in excess of this by millions; yet, a large corporation, that is now seen legally as a 'person', basically gets away with it.....Huh. Love this country!
robinhoodOO7 3 months ago
wtf is up with the subtitles for the tyt videos
kaixdragon 3 months ago
@kaixdragon Turn them off. Problem solved.
CainmosniMirrored 3 months ago
@kaixdragon turn off closed captions
66ALicEiNCHaiNS06 3 months ago in playlist More videos from TheYoungTurks
JED RAKOFF! JED RAKOFF! JED RAKOFF! JED RAKOFF!
ForceRecon198 3 months ago in playlist More videos from TheYoungTurks
Judge Jed Rakoff for president
clausewitzmoltke 3 months ago
@clausewitzmoltke YES YES YES YES YES
nibblerseven 3 months ago
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Just how fucked up is your country? that you are in a situation where someone is a hero for doing their job?!?!
ucdeBZ 3 months ago
If the banks have to admit guilt that should be the end of them. If you can get citizens to put down their gadgets and pay attention.
FoxNewzLies 3 months ago
Jed Rakoff! HE DA MAAAAAN!!
bigvirgotube 3 months ago 2
Finally a TYT story with a sort of happy ending. Respect to Jed Rakoff.
exosfear512 3 months ago
Rakoff deserves an award . . . for actually doing his job
ttzz2003 3 months ago
Comment removed
ttzz2003 3 months ago
Fraud can be a pretty vague term. I think that it's really the best bet to nailing these banks.
But we've gotta be careful how they're hit... When they say that they're too big to fail, they are. That was always the problem. We can't set these fuckers adrift, because it'll collapse the entire global economy. We need to ween ourselves off of them, and break the stranglehold they have on us all.
dEdGrimley 3 months ago
Still fraud for 700 mil results in a fine for 150 mil. there is a discprenecy there, unless they were forced to also pay back the 700 mil.
1stCainite 3 months ago
Rakoff is an american hero. He needs a statue.
thesparitan 3 months ago in playlist More videos from TheYoungTurks 121
@thesparitan So not being corrupt makes you a hero in the states now? Yeah, you guys are fucked.
lapugenero 2 months ago
@lapugenero I agree.
thesparitan 2 months ago
@lapugenero I wouldn't say this judge is merely not being corrupt, but rather he's identifying corruption, and forcing the relevant parties into accountability. Granted, dispensing justice is his job, but so is it the job of the firefighter to remove people from infernos, and the job of the solidier to defend the Constitution from all enemies... An imperfect analogy, I know, but the point is made.
TheAbsurdHero 2 months ago
If corporations want to be given the rights of people they should be put to death like a person could.
Treetale 3 months ago 2
" $150 that comes back to us, the taxpayer..." no no no wait wait wait. Stop right there. I didn't see a dime of that. That went to those government people who drop bombs on brown people and sell us out to special interests.
hallavast 3 months ago
@hallavast Yeah, you could say that, but it is also another $150 million dollars that the govt does not have to raise taxes to get and does not have to cut any other programs that actually help American people. I definitely hear you, but I would still rather see that money in the hands of the American govt than in the hands of the bank.
nibblerseven 3 months ago
@nibblerseven Well, without the american government, the banks would kinda collapse, because they don't serve enough purpose to support their gigantic bureaucracies without it. I'm not sure which government programs that help people you're talking about. And the US tends to borrow when it can't raise the required revenue anyway, so... if you have my perspective (that the US govt is a leech on society in its entirety and is beyond fixing), then you don't much care about those things. :)
hallavast 3 months ago
Morale of this story is: If you're going to be a criminal in USA, make sure you be be a white collar criminal; there is much more money and almost no risk. Even if you get cought goverment will always have your back and pay your debts for you, while you get millions of dollars in bonuses.
rasnac 3 months ago
Judge Jed layin the smacketh down
AvatarOfGames 3 months ago
FUCK YEAH!
Sylinic 3 months ago
The government has made Orwell's message one of it's fundamental tenants: All people are equal, but corporations are more equal than others
cannibalcorpse135 3 months ago
@cannibalcorpse135 Tomb of the Mutilated or Bloodthirst? :)
mrselfdestruct23 3 months ago in playlist More videos from TheYoungTurks
Judge Rakoff: I AM the law!
Kazekoge101 3 months ago
Federal Judge Jed Rakoff = The Peoples Judge
sargetech 3 months ago
what's wrong with america?
migasfiesta 3 months ago in playlist More videos from TheYoungTurks
@migasfiesta *starts listing all the things in head* *gets extremely depressed*
TheCreeperhunter 3 months ago
This is a classic Goldman con. Just read about it in "Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America" (a 2010 book by the political journalist Matt Taibbi). The crooks are running the system.
kjdayton 3 months ago
@kjdayton Agreed.
"The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
TheFunkadelicFan 3 months ago
Tar & Feather
TommyTurntables1 3 months ago
Cenk is right. Corporations are SUPER-people!! They never die, they can't go to jail, percentage wise they pay far less taxes than your average person....
SaintJimmy76 3 months ago 72
@SaintJimmy76 How can they be super people when they're not a person in the first place, they're just an organization made up of people. Of course you can't send an organization to jail, that makes no sense.
eragon2121 3 months ago
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CAPITALISM creates ELITE CRIMINALS. BANKERS. DRUG LORDS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. etc..
CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. LAWYERS. DRUG LORDS. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc. etc..
HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(
kopellhinex 3 months ago
@SaintJimmy76,I know because they fucked up this whole economy and the working class people pays for their fuck ups.
98bigbutt 3 months ago
@SaintJimmy76 Corporations are made up of employees, customers, and stockholders. There are over 150 million stockholders (half the nation) in this country. The United States Corporate top marginal rate is literally the highest in the world. Those who you consider rich pay the lions share of taxes in this country. Most people actually don't pay any federal taxes at all. Taxing producers will do 4 things. Raise unemployment, lower tax revenues, lower wages, and raise prices of goods and services
USTreasuryBond 2 months ago
Since corporations are people, why dont we suspend the articles of the citigroup corporation for 5 years. It's like going to jail for a person.
jaba987 3 months ago
man is he gonna be in trouble
wubbadubdub 3 months ago
My day just got a little better ;)
GENERALJOHNNYREBEL 3 months ago
2 reich wingers hate this truth.
pistolpete1st 3 months ago
My bad dog. Lol
DreamxLand420 3 months ago
Wait a sec. Didn't Cenk have a bit more to say here?
hevyAccel 3 months ago
For the love of money
mchlawilliams 3 months ago
What a great deal.Get fine for 285 millions but make over a billions.Where can I get in.
211Alucard 3 months ago
Cenk keeps talking about "fraud"
actually there is no fraud involved, if there was why didn't the Obowma administration pursue criminal charges? don't blame the GOP, they're not in charge
Have to love the way Cenk spins the truth knowing 99% of the viewers don't know shit and he can continue with his propaganda against bankers. He hopes to profit through your ignorance
genie0390 3 months ago
@genie0390 Thanks for proving 51% of Republicans are Racist...!
METALMAN4Wii 3 months ago
Right now in America Corporations and Banks are Gods.
dfg93353 3 months ago
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Jed Rakoff is TRULY Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is VASTLY SUPERIOR to this ass-clown in every single way! These bank frauds would never happen in the Palination for Palin will use her GOD POWERS to instill a greater sense of morality on every body on this planet!
ecwaufisxtreme 3 months ago
This is why Ron Paul shouldn't be President. Paul would argue Citigroup doesn't owe a penny; People just shouldn't do business with Citigroup again. Remember, it's entirely your fault if you're poisoned or ripped off by corporations.
dizzymasekela 3 months ago in playlist More videos from TheYoungTurks
@dizzymasekela
Bingo!
morosepoet 3 months ago
This has been flagged as spam show
Enemy of Greece, Ireland,Italy,Spain & USA - Jew
1.Goldman Sachs CEO, Lyold Blankfein-Jew
2.IMF Deputy CEO, John Lisky-Jew
3.Ex IMF CEO, Dominic Strauss- Jew
4.World Bank CEO, Robert Zoellick-Jew
5.Ex World Bank CEO, James Woolfesen-Jew
6.Fed Chairman, Ben Bernanke-Jew
7.Ex Fed Chairman, Alan Greenspan-Jew
8.Obama Treasury Secretary, Tim Geithner-Jew
9.George Bush Treasury Secretary, Hank Paulson-Jew
Stevie68000 3 months ago
+1 for the people
stx106 3 months ago 91
@stx106 +2 :)
gorrellp 3 months ago
He needs to replace Clarence Thomas on the Supreme Court.
biggydx 3 months ago
That judge is a boss!
pacemaker2point0 3 months ago
I know who'll be getting a ton of kiddie porn downloaded to his personal computer this X-MAS. "To- the HONORABLE Judge Rakoff. From- your friendly international bankster cabal."
trajan74 3 months ago
God bless Judge Jedediah Rakoff
Luminareo 3 months ago
Those damn democrats looking out for the public again.
How dare they!
pchtermino1 3 months ago 2
If bank robbers could settle out of court, without admitting faullt, for a fraction of the money they stole there would be a line of guys in ski-masks out the bank door.
soylentgreenb 3 months ago 87
@soylentgreenb
Robbing the bankers for the money they stole. I wonder how that would look in court....
bohemianwriter1 3 months ago
@soylentgreenb 'tom standing at end of line, jims walks out door with bag of cash'
Jim is that you hey man, hows it going
Oh Tom you wouldnt believe it they got drinks in there, and every man gets 20 minutes each in the vault, so what are you here for?
Oh you know just here to rob the bank, but I dont know if ill get in before its sweeped clean
Trust me these guys robbed the middle class blind, they're swimming in cash up there!
Hyon hyon hyon hyon!
WarThug13 3 months ago
@soylentgreenb you really hit the nail on the head there. no jail, dont admit fault, pay a 10% (if that) "tax" on the stolen money, I'd be the first in line!! or if you look at our entirely fraudulent debt money system, along with fractional reserve lending which basically means you can lend out 20 x the money you have in deposits, which is pretty much legalized counterfeiting, We'd all skip the bank and just print our own!!
MrDANNYUNDERWOODky 3 months ago
i guess "super people" need "super punishment". fuck em up...
superdruid999 3 months ago
Well if citigroup pinky promises that they won't do it for the fourth time. I guess we can let it go and give them more taxpayer money.
jxsilicon9 3 months ago
Jed Rakoff for president.
whydoesthismatter 3 months ago 5
can someone explain how you "bet" against those mortages? through stock market? through what? thanks.
grambosix 3 months ago
@grambosix It's called "shorting" a stock. I don't understand the logic behind it, personally. Apparently you can buy a stock, say for $2 and "short" it, hoping that it will drop. So if the stock is then at, say, $1 - you have profited $1. What I don't understand is who actually takes/pays that loss...
YourBrainOnReligion 3 months ago
@YourBrainOnReligion thanks ill read up on it. sounds sketchy as ever, but what's new.
grambosix 3 months ago
@YourBrainOnReligion
what i don't understand is why people like you with no knowledge of our financial system whatsoever take part in the discussions.
it is guys like you that enable propagandists like Cenk to spin his shit dividing America to very dangerous levels
genie0390 3 months ago
I'll believe that corporations are people once Rick Perry executes one of them down in Texas
ZachValkyrie 3 months ago
@ZachValkyrie
loooool
hopes26 3 months ago
The U.S is a banana republic.
Sleck06 3 months ago in playlist More videos from TheYoungTurks
The U.S Securities and Exchange Commission regulates the criminal banks as good as the Nazi Party regulated the Holocaust.
Godwin's ftw.
underbjorn 3 months ago
@underbjorn ah yes, but it makes it legal. more power to government!
bluefootedpig 3 months ago
@bluefootedpig ---
Yes, but the government is supposed to be the means, the tool. usually and everywhere else, officially, the tool of the people or the tool of the King for the people.
But in the U.S nobody is kidding themselves, it's the tool of the oligarchy.
underbjorn 3 months ago
@underbjorn But if you look at history, the very reason the US constitution was developed as it was, that is a limited government, is because they realized that power in the hands of the few will always cause corruption. Hell, look at nuclear technology. The US has it, and we threaten every country with the use of them. The only countries we do not do that is those that also have nuclear technology. There is no benevolent government, only benevolent people.
bluefootedpig 3 months ago
@bluefootedpig ---
Can be interpreted as such yes, and the government is merely society's directing organ, where society means an organized mass of people. What's "benevolent" is always subjective.
underbjorn 3 months ago
@underbjorn
for your information, America does not have a king like you highly advanced people in Sweden, haha
America is a Republic
genie0390 3 months ago
@genie0390 ---
Apparently highly advanced is sufficient to create a superior society in all beneficial aspects measurable (Sorry, having the state spend hundreds of billions on nuclear weapons is hardly "beneficial") to your republic.
underbjorn 3 months ago
this judge better watch his back. invest in bodyguards man. they're gonna be coming for you
dcincdsr301 3 months ago
Citibank, like Goldman Sachs, Bank of America and other large mafia operations should he dissolved.
.
All their assets seized by the state and distributed to the victims of their crimes over the decades.
.
Their directors, major shareholders and owners should be facing a firing squad.
underbjorn 3 months ago 2
@underbjorn
stop pretending you know the first thing about American banking system, or the politics involved.
From 2006 to 2010, far-left progressive Barney frank has been chairman of the very powerful Banking Committee In Congress and that group has total oversight of banking in US.
all the evil goings on Cenk keeps talking about has been during liberal control of Congress
if anyone should go before a firing squad it should be the liberals and many supporters, like Cenk
genie0390 3 months ago
@genie0390 ---
No geniewenie, we have established hundreds of times by now, that I know more than you can possibly get into your weniegenie brain about any such issues.
I don't know as much about shantytown banking in Costa Rica though, your opportunity to shine there!
.
From 2006 to 2008, the war criminal regime of George Bush sat in power and signed under to anything to help the big banks. All the evil Cenk keeps talking about has been under deliberate corporate/Republican control.
underbjorn 3 months ago
@underbjorn
you have really done it good, you've displayed your total ignorance of the American system of Government
In America Congress controls ALL spending, every dime! also has complete oversight!
from 2006 to Obowma's election, the Dems controlled Congress. subsequent to Obowma becoming Pres, the Dems had TOTAL iron grip control of ALL government until the GOP took the House in Nov/10. however, with the Dems in control of Senate, they still really control Government
blame Dems
genie0390 3 months ago
@genie0390 ---
Uhm no, as said in this video, the Democrats were part of it, but the Republicans pushed through and were taking the lead in all pro-big bank legislation.
The Republicans did in no way oppose giving the banks control of the economy, did you see anybody complaining as the directors filled their pockets? Did you see Bush prosecute a single one of them?
Blame the banks and the Republicans, who are in an alliance.
underbjorn 3 months ago
@underbjorn
you really don't have any idea as to what you're talking about! you know nothing about America, just what you see in videos such as TYT which is 99% pure bullshit propaganda
how many bankers has Obowma prosecuted?? none,..because no criminal offenses were involved. get that through your pointy head
genie0390 3 months ago
@genie0390 HE doesn't know anything about America ? You're from Costa Rica, you thick prick.
celt67 3 months ago
@celt67
correction dumbnuts! I'm an American with a home in CR and in US also! as for "thick prick" my hot blooded wife really loves that
genie0390 3 months ago
@genie0390 ---
Obama has prosecuted none, and guess what geniewenie, I never said I liked Obama.
i said Obama is aligned with conservatives, which his number of prosecuted bankers would prove in your logic.
underbjorn 3 months ago
@genie0390 Another Young Turk video where you come in and type absolute nonsense. Please shut up.
seriousguynogames3 3 months ago
@genie0390 Your correct about one thing, the Liberals in charge are very corrupt. Corrupted by a system created by the Right-Wing & built on the backs of the lower class, so corrupted that an honest politician Republican, Democrate, Independent... has no chance of surviving unless they bow down to the real world leaders; WALL ST. & CORPERATIONS The best example of this is Obama. Doesnt matter what he promises, his actions say everything. Hes corrupted by the money given to him by corp. doners
GENERALJOHNNYREBEL 3 months ago
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Corruption by any other name... It's time to put the big boys in jail for life, strip them of their assets, and return it to the US taxpayers.
audadvnc 3 months ago
Rakoff FTW!
yaminbinbaqui 3 months ago
Comment removed
audadvnc 3 months ago
Anybody else feel like second class citizens compared to corporations?
LancePoint9 3 months ago 2
@LancePoint9 we weren't already?
alex134219 3 months ago
Citibank is a criminal organization that needs to be disbanded by force.
scottandrewhutchins 3 months ago 2
ShittyBank should be shut down for repeated fraud.
TekkaSage 3 months ago
Heh. seems not everyone is corrupt. leaves a good feeling inside.
kkingcombo12345 3 months ago
@kkingcombo12345 Bah, don't you realise how sad that is? We get a good feeling inside when we realise there's a few people that AREN'T corrupt... really? Is that how America has fallen?
The thought that the justice system no longer works right when it comes to trailing the rich has seeped into my head- Now what? Change the justice system? Nope, politicians can do that and they're puppets of the same rich people. Only thing I can think of is violence executed by the people.
MiloDaemon 3 months ago
FINALLY. About half of all bankers need to be in prison.
bamboo4tameshigiri 3 months ago
These are the only taxes corporations pay.
BrandonSchleifer 3 months ago
JUDGE JED RAKOFF FOR PRESIDENT !
troglodyte3344 3 months ago 2
Americans, is it just me or is this judge most probably going to be moved to some Pacific island community very soon alternatively taking an overdose/being killed in a car accident?
underbjorn 3 months ago
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@underbjorn It's just you, because you're fucking insane.
lilnicky492 3 months ago
@underbjorn That is a very likely scenario.
bamboo4tameshigiri 3 months ago
@underbjorn
it IS just YOU who would think such nonsense. I can verify that
genie0390 3 months ago
@genie0390 ---
Watch it genie, if you talk about getting quotes from earlier conversations you betetr start make stuff up, otherwise you will just own yourself. :(
underbjorn 3 months ago
I'm watching MSNBC, and switched over to CNN in just a few second intervals, and found them both literally praising Dow for raising 400 points, going like.. "Oh Wow!" Like they've never seen it before. Then they spend like 10 minutes talking about how it came to be, as if it's a bombshell...
You can tell those media outlets are soo bought by their reactions. XD
MrZash313 3 months ago
so pissed no one is covering this on television
hellboundmatt 3 months ago
Judge Jed Rakoff to be disbarred in 5 4 3 2 1.
cne08 3 months ago
I wonder who wants to support free markets and weak governments now...
Redbloodedsky 3 months ago 2
@egervari That's fun and all, but that's not a problem of government as such, but of accountability & transparency. Moreover your alternative, the Austrian style free-market bears is based on an ideal-type of the free-market economy which has little in common with reality & if an attempt is made to effectuate it can have some seriously harmful consequences.@Redbloodedsky Look 3 comments below :.p
TheRacistsMustDie 3 months ago
@Redbloodedsky libertarians and republicans
alex134219 3 months ago
I love the rationale behind this, if we collectively decide the NOT put our money in this scam bank, the government will take our taxes and pay them REGARDLESS.
Fuck this whole idea.
MultiUniv3rsal 3 months ago
Oh nooo not an activist judge! Not a judge that cares about the constitution and the public interest. We can't have that! How did he get confirmed anyway? Because I am just outraged that this judge would dare to protect the public's interest ;-) Well done sir! I solute you. You actually have earned the salutation "your honor".
Newenlightenmentnow 3 months ago
Citibank’ should have bought the judge ... who doesn't know that?
earlgray1947 3 months ago 42
@earlgray1947
how long until this judge:
a) has some minor grey area blown up to a mountain to unseat him
b) moves on to a higher court elsewhere
c) has politicians all over his arse
d) has an "accident"
IF we had a groundswell of judges telling off the SEC and bankers things would get a lot better. IF we had political parties that weren't in bed with the banks things would get better. IF the agencies started being ethical about regulation... judges are the last wall after leg. and exec fail.
dreamcoyote 3 months ago
@earlgray1947 You imply they haven't tried lol, I think that's why Cenk was commending him, good to know at least one judge in this country has some sense of justice.
poorandimmature 3 months ago
@earlgray1947 Of courseee.. They are getting too greedy.
TheChicoNerd 3 months ago in playlist More videos from TheYoungTurks
Is there any hope we can change the way our government works?
kzolly 3 months ago
@kzolly we can create a new government after the revolution
StoneTNo5 3 months ago
@StoneTNo5
what kind of revolution did you mean? like the ones in the Middle East??
hopes26 3 months ago
@hopes26 probably like that i can see it coming
StoneTNo5 3 months ago
@kzolly Vote Ron Paul. Probably one of the last civil options we have left. And also the people need to change our philosophy about what the role of government ought to be. We also need to peacefully resist more and more. Talking on a youtube comments page isn't really going to cut it.