its disgusting to see the injustice when a normal civilian misses on 1 bank payment for mortgage, etc the BANK HAS NO MERCY ON YOU...but when these BANKS rip the COUNTRY OFF of BILLIONS of dollars...what does your government do? BAIL THEM OUT WITH YOUR TAXES!!! whats wrong with this picture?
@optionsupdate your really a bad conspiracy theorist, going too far out in your claims that because obama's 'mum' worked for geithners' father has anything to do with shit. The picture is much bigger than obama lol
PUT IT INTO THE CREDIT UNIONS. They are still highly regulated & did not participate in the crime against you… that the banks & Wall Street did. JUST THE TRUTH.
CREDIT UNIONS ARE NOT FOR PROFIT INSTITUTIONS. THEY DON’T MAKE 100,000% PROFITS LIKE BANKS. THERE WAY IS THE RIGHT WAY 2-3% PROFITS. AND THEY REALLY MAKE LOANS TO PEOPLE WHO NEED THEM.
IN FACT THEY ARE CAPPED AT 16% INTEREST BY THE GOVERNMENT.
As long as Obama and Larry Summers get part of the cake wink, wink Geithner is there to keep the cash flowing to JP Morgan and Goldman Sachs Blankfein.
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
OBAMA AND THE PRESENT ADMINISTRATION HAVE MADE FOOLS OF THE AMERICAN PEOPLE! GET ME RIGHT: HE IS A GOOD LOOKING MAN: HE IS A LIAR; HE PROMISED TRANSPARENCY AND WE HAVEN'T SEEN TRANSPARENCY; HE AND HIS ADMINSTRATION ARE SQUANDERING/FLEECING AMERICA! THE THREE STOOGES: NANCY PELOSI, BARARCK OBAMA AND HARRY REID! THE NEW COMEDY THAT WE LAUGH AT WITH GREAT ANGER!
As much as I like Obama, and I believe that Obama has done very well for all the cards that he was dealt, Geithner has got to go. As well-intented as he is, he has the wrong priority. We need a businessman who can be away from the large banks and corporations to head the secretary. With a republican in office, we would have literally been destroyed, and Obama is the only reason why America is not in a depression. The reason why Obama hasn't fired anyone yet is he needs to say he is running again
"Not necessarily the right thing to do"????? NOT NECESSARILY?
Let's call it what it is; TREASON, warranting nothing less than the death penalty!
This is FINANCIAL TERRORISM and I'll just bet Timmy gets through TSA without a search. Nope, instead they put their hands down the pants of WORKING Americans, even though we ALL KNOW that 9/11 was done by the executive branch, and Obama is still helping to cover that up. Obama appointed Timmy b/c Obama works for the BANKS!
The time has come for Free energy to be revealed ,But the coverup is very strong,Find the real deal, a free energy device at LT-MAGNET-MOTORdotCOM ,Let the revolution begin!
@DampRabbitVideo AGREED. white government can rob anyone they please BEHIND the laws while they arrest the black community for bullshit crime. if the american people dont wake and vote ron paul their will be a civil war like never before.
Why isn't Gietner, Bernake, Paulson and Greenspan in fukin jail? As well as Bush Cheney Rice Rumsfeld Silverstien and a few more. The demo crew in NYC the Airforce people who launched cruise missiles at the pentagon and in PA? I'm pointing fingers and naming names. Research for yourself you'll see what I mean.
@cloudshe a steel building just doesnt free fall like the towers did. A plane didn't hit the pentagon. The impact area is the biggest proof that the Gov story is major bs. Theres something fishy going on but if you want to stay plugged into the matrix go right on a head enjoy that kool aid. :P
@acp1778 tens of thousands of engineers would disagree with you. and as a former aircraft accident investigator i saw nothing strange about the pentagon disaster site.
how do you think they kept everyone quiet that was involved in the clean-up? and what happened to that plane load of people, where are their remains? oh, i think they were scattered all over the debris site! did you hear Anyone say "hey, where did the people pieces go???"
Obama, the Fed and Goldman knew the bubble was going to burst. Apparently AIG did not know. But, because AIG is a huge part of the Shadow Banking Industry, that is why the excuse was used to bail them out. Also, Geithner wanted to protect Goldman because of his past ties. They are all in it together and they all share the money that is made from us.
Is anyone else tired of seeing evidence of massive fraud and other crimes only to see it continue day after day after day. I feel that this has all gone too far to be recovered by a vote. If you vote in somebody with integrity that operates for the people and denies the banks and corporations the control that they now enjoy such a person would surely be killed.
Integrity in this country is a thing of the past.......at least in washington. My grandfather who fought the nazis taught me that if you dont have integrity and honor than you are truly the poorest man in the world. I wonder what kind of childhood this idiot geitner came from.....or maybe someone twisted his value system along the way when he was in HS or college to turn him into a pathetic spineless maggot.
Stop pretending like all these people are just incompetent, they know what they are doing. Geithner didn't butcher his job he had criminal intent. Its not so much evil as it is criminal but when it effects and hurts so many people...Its pretty damn evil. He also looks very guilty and emanates suspicion in his hearings. Amazing.
not the people, Fox News has been on this from the start and you Turkeys obfuscate and twisted facts to cover Obama, now public opinion is against Obama Turkeys are feeling the heat!
Not to worry, dude. The taxpayers who will foot this part of the 'bailout' are just babies anyhow. They don't know jack, and junglemike72 (thanks) is right on.
all of Obama's financial people are all insiders in the banking investment industry the very oens that caused the collapse..Obama was told to appoint them by the banks..Geithner doesn't care about the public all he cares about is protecting the wealthy elite
Get up, stand up: stand up for your rights! Get up, stand up: don't give up the fight! American people, don't tell me, Heaven is under the earth. I know you don't know What life is really worth. It's not all that glitters is gold; half the story has never been told: So now you see the light, eh! Stand up for your rights. come on! America, Arrest all the bankers, let them pay all the bonusmoney back and nationalise all the banks! Money is to important to trust it to greedy people!
Round up ALL the executives of these Co.s & governments & SHOOT THE F#@%$&S !Glodman-Sachs, AIG, the Federal Reserve, Citi Group, Merrill Lynch, BanK Of America, J P Morgan, The Dubai Government who received $8 Billion, The Government of India who got $1 Billion, the China Construction Bank Corp that got $7 Billion, who wasted OUR TAX DOLLARS, while AMERICANS are losing their homes, life savings, retirements, going hungry, freezing to death in their own homes because they can't pay their bills!
Geithner is a LYING, THIEVING, F%@#!&G TRAITOR! He is also Paulson's dupe. Hang these F#@%&!s !! Enough with the RED-BLUE HORSE**** ! O'Bama, another FRAUD & TRAITOR has issued diplomatic immunity to FOREIGN assets to control YOU, when the economy implodes! The economy is MORE than sick. It's all but dead! The owners of the Fed, The Mil.Indus.Complex, and your corrupt Government are just trying to keep the lid on, until they feel they have enough control in place to let the economy crash!
The banks priority is to give the American, and Canadian people a slow death...leading up to 2012, where there will be a full collapse amidst the chaos of the solar storms....these bankers and political clowns will be in those bunkers...safe, living with all they need...waiting it out lettin' us all die up here. Ah well...what r ya gonna do??
It does not matter if you get rid of Tim the Tool, another one will take his place. Ben the Bitch at the Fed Reserve is from the same block, they work for the Global Elite, and the agenda is a global government, and the only way to have it, is to destroy our sovereignty. Puppet Obama like Puppet Bush, is just doing just what he was placed in this office to do, further the agenda. Wake up Americans, our your children and their children will grow up being slaves to the government if they live.
@junglemike72 Hi sir did you know that Obama went to school with geithner, and obamas mum worked for geithners father at the ford foundation, which is suspected of being a CIA front.
Get involved its about all our lives and our childrens live! Once they got our freedoms they wont give it back! Fight this back as long as you still can get educated and educate others inform youre fellow Man about the treat hanging above our heads so we will have a future! Doing nothing is no option it will not go away until we make it go away! A lot is at stack and if we do nothing it will be lost for CERTAIN so we have no choice we under attack of financial terrorist!
What they try is to sacrifice Geithner as a scapegoat so public intension will ease! I hope America is not falling for that, instead push this as a very good reason to Audit the FED and ask for full accountability! Dont let them fed ya Geithner pretending everything is fine! We need to push this! If we let them get away with this the destruction of our economy by design, for the benefit of the view will go on until we have nothing left but submit to Slavery like conditions!
At least after this anyone should stop blindly trusting those who control our money supply! Everyone should support Ron Pauls Bill to Audit the fed even if you are not sure wither we should abolish the Fed ore not! Geithner is the tip off the iceberg lets go and find out about the rest let em proof to us that they did not misused there power! Throwing Geithner under the bus isnt good enough at all! They will simply replace him with another crock we got to know whats going on!
Having Geithner resigned isnt god enough it! We have to completely audit and then abolish the FED we should take offer arrest most of them and do a full scale investigation of all there moves in the last 80 Years concentrating first on the actual crisis! Get back to a constitutional Money system! Restore the Issuing power back to the people out of the hand of hidden unelected People!
We need to wake up to this we are getting scientifically robed by a fraudulent money system!
We all do a lot for each other - You and I - we grow food and build shelter etc. Now envision a world WITHOUT money - half the population would be freed up from handling money no cashiers at wallmart and no treasury secretary and they could then do something constructive like growing food. The bonus would be that NOBODY COULD AMASS MONEY and control the rest of us..like John Lennon said IMAGINE
Henry Paulson was the CEO of Goldman Sachs, he then became Treasury Secretary and then gave Goldman Billions, which in turn gave him millions to secure his Goldman Sachs retirement. Ben Bernanke, Tim Geithner, and Henry Paulson need to be PRISON.
Geithner is a lying fagot. He is a piece of shit like the rest of the administration. He is a cock sucker like everyone at the IRS. Here is a leader of the IRS who is corrupt and wants all your money. He is the boss who can't even do his own taxes. Do I need to say anymore? You are fucked by the IRS because of incompetent dick heads like Geithner. May Geithner die in hell with all the other greedy ass mother fuckers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Fuck you Geithner!!!!!!!!!
Why does this guy always defend Geithner and big government this is ridiculous, Tim Geithner is an Evil Bastard- look at his actions!!!! Are you kidding me? Our Government has been usurped by the Banking Elite! OUR LIVES ARE RUN BY THE BANKS- THAT IS WHAT IT COMES DOWN TO. JESUS CHRIST WAKE UP PEOPLE!
absolutely corrupt - and these bankers control both the democratic and republican parties. They hand pick our presidents and we americans fall for each time; someday we'll wake up and form an independent party or regain control of our governmental system
so your blaming this on bush, bush fucked up we know that, now we know that obama is starting to fuck up, stop pointing fucking fingers democrats and liberals own this problem and fix it, stop playing the blame game.
It's because the rich are biased toward wealth gettin more wealth but by taking it or sequestering it. It's just human nature and bias. It's a game... and got convolutions. It's more exciting than just killing us outright. It makes them feel like winners. At a certain level of finance stealing is winning, This is more like stealing but getting away with it... Therefore "winning" or "earning" is the proxyish term.
indeed cenk! not only is it a bad sign but its also a very bad thing! corrupt obama just like all the others. didnt believe it for a long time but by now i do!
The way Tim Geithner looks at people leaves a whole lot to be desired! He looks like a person with a lot to hide! He does not look at people straight in the EYES! How did Obama choose these crooks unless he is one of them?
If this turns out to be true, Geithner needs to go. However, there has to be proof-positive, iron-clad evidence that shows this went down the way Bloomberg says it went down. This might be Obama's first big test in the integrity area. I understand he's not looking to fire people in the middle of this economic snafu, but if this info about Geithner is correct, the President needs to let him go ASAP, before his own credibility starts eroding as well. This is going to be the first big test, IMHO.
- 9/11 under their watch and shoe bombing under their watch
- 4 stage cancer economy with methastasis in January 09
- $281B surplus put in the pockets of Insurance, banks, oil and pharma companies for bonuses and salaries with ZERO INVESTMENTS IN EDUCATION, HEALTH CARE, INFRASTRUCTURE, ENERGY
- The Iraq war which brough Al Queda in 100 countries
i SMELL A BIG FAT CHICAGO RAHM RAT masterminding this mouse in the trap,,,,,,while THE BIG FAT RATS GET AWAY,,,,HEY... DID GEITHNER DREAM THIS DEAL UP ALL BY HIMSELF,,,,,,
@ERROLCUSTERFLYNN4EVR .......STILL THERE ARE NO PERP WALKS ALA THE ENRON ERA OF CRIME...all these PROTESTING IDIOTS OUGHT TO OCCUPY WASHINGTON DC LIKE THEIR FATHER'S DID IN THE VIET NAM ERA OF WAR PROTESTS.......but it did not end that goddamn war one day early for all the yellin and screamin.......VOTE ALL POLITICIANS OUT....,EVERY ELECTION EVERY TIME AT EVERY LEVEL,,,,,A CLEAN BROOM SWEEPS CLEAN AND KEEP THAT BROOM CLEANIN'
How come right wingers never really speak out against bailout money to corporations? No taxes to benefit anyone, fiscal individualism right? How come they don't support that ideology even if it means plummeting major corporations and cause a catastrophic economic crisis? Well at least you got your free market with less taxes to SOME things right? But there's no way that could actually happen if you really believe in a free market and yet they remain silent.
So basically, Geithner is giving taxpayer money to bankers and insurance CEO's that purposely lost bets, so both parties end up cashing in because they were "too big to fail"?
Wow, just wow.
This sounds like a fucking scam that was 15 years in the making...
Tim Geithner is a piece of shit. He is not the only one that should go...the Fed needs to go! Think bigger picture...the banks of the Fed are the ones creating this mess in the first place by bailing out the bankers!
This isn't a capitalist society...it a country run by bankers and the Fed is full of banks running the show!
Read, End the Fed by Ron Paul...aka...the last honest representative left in congress...
Not only must Geithner resign, but more importantly his replacement must be someone who is known to oppose this wall street corruption. Elizabeth Warren would be a very good choice, or someone else like her who does not agree with this filth.
Cenk, you are one of the few people out there with an actual brain in your head.
If people think America's problems boil down into Republicans vs. Democrats or that the problems boil down to Liberals vs. Conservatives: We are in a world of trouble. You are the one person I've seen that is above that.
before i have been skeptical of the bilderburger conspiracy until i found out that tim Geithner goes to these bilderburger meets. it gets me thinking anyways maybe it is reality and it bothers me that this guy is in are government
If either by design or chance, this economic down turn and the funneling of money away from the masses is a good thing. We were consuming at a break neck speed. Using up all the natural resources and trashing this planet. If the lack of money helps the public realizes that they have to think about what they are buying and conserve more, I think it's a net benefit for our future.
Edward Liddy (AIG CEO) resigned from the Goldman Sachs Board of Directors on September 26, 2008!!! This is just a WEEK before the Bailout bill was forced down our throats. So I watched Liddy's interrogation in front of congress and I was expecting a crazed interrogation. Instead, Congress played pattycake with Liddy and basically covered up the scandal by asking lame weak assed questions(both parties). Unbelievable!
Cenk, you're a little off. We gave AIG over 180 BILLION $. All of which could have been avoided if we let AIG go under.
Geitner and Bernanke's reasoning that we didn't have the legal structure to support the insurance side of AIG while letting the FPD (financial products division) go under, is pure BULLSHIT!
Think of it this way - the average taxpayer gave AIG $1000 to pay off bets. It's just that simple.
We should be in the streets with pitchforks and torches.
Tim Geithner is Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is a SUPERIOR politician and statesman than Geithner could ever be. She is also MORE MAN than he is for Geithner wears the skirt in his family while his wife wears the pants! When Palin becomes POTUS, she will FULLY EXPOSE his PUSSY for the WHOLE WORLD TO SEE and DESTROY his credibility and career! She will pick a SUPERIOR HOT white woman Treasury Secretary who will help Palin implement Palinomics!
I agree with Cenk. Issa has faults, but he is an intelligent and reasonable republican. And we should cherish actual valid criticism from anyone, precisely because it is so rare.
@ 7:12, Cenk's analogy is totally wrong. Geitner isn't a fool. He knows who he's working for. He needs to be strung up by his toes and whipped. And I'm not talking about Cool Whip!
i voted for him and i think hes doing a shitty job.
No financial reforms...
Didnt fight for real Health care reform...the mandate is a disaster...
Made a deal with BigPharma to not negotiate drug prices...
On almost every progressive initiative he campaigned on, hes flip flopped...hes trying so hard to be a centrist/corporatist that hes betrayed his base...
Uh.... Obama is not betraying anyone. He's making a lot of money for central banking, walstreet, and the insurance companies. They're all happy with him. How is that betrayal of his base?
What do progressives and conservatives have to do with anything? The bottom line is Obama is making or helping to make cash for a lot of people. That's what matters. He's upholding his promises to benefit those who have succeeded and punishing those who live beyond their means.
People who don't save? People who raise kids larded out on cheetos and yohoo? Who do you think playstation3 and nintendo wii are marketed towards? inactive, lard asses who work minimum wage jobs and spawn a minimum of 3-4 kids. No insurance company should be forced to cover these people And I don't blame them.
thats not what the health care bill mandate is. insurance companies arent going to be forced to cover anyone.
people without insurance are going to be mandated by the gov to buy insurance from a private company. That is worse than a tax. A tax goes to the gov. This goes to a private monopoly with no oversight.
ur characterization and blaming of main st. for the financial crisis caused by wall st. is ridiculous..
they took our 401ks, made outrageous bets...and then got bailed out
So? what of it? They need to have guarantees against economic pitfalls.What of the failure of the ameerican people to save? to plan ahead? to consider using a condom before having so many extra hungry mouths to food? That costs a lot of money.
so you think that profits should be privatized while losses should be socialized? in a truly capalist system...those companies would have been allowed to fail.
and they were saving with their 401ks. Deregulation - glass steaglle - allowed commercial and investment banks to merge. which meant they could use your SAVINGS to place unbacked bets...
then when they system crashed...the losses of our savings were socialized by bailout out private corporations....
Not to mention, that merging made those banks too big to fail. That's the only reason I support the bailouts. I honestly think the economy would have collapsed if not for the bailouts.
This is why we need preventative regulations implemented to keep the private monopolies and corporations in check.
I would presume, in an considerate society, that a people would choose to educate and establish earning power before taking on such risky, long term bets as child care and personal health
@cpufightclub You're saying it's perfectly ok for the president to look out for corporations and private interests over the people of the States who voted him in? :P
So the United States is basically one big corporation then, the government is just another brand. They aren't governing their people, they're exploiting them for private gain.
Not exactly. I do not see how the american people can elect a president. prior to taking office, the life of one george bush is an utter failure. every business, every endevor, an utter wash. eight years of this man, and people are supposedly wiser.ALong comes obama and he sells a repackaged american dream hook, line, and sinker. Richard Dawkins exxpresses amazement at the blind trust people put in an invisible god. Why do you trust a president out of no where?
@cpufightclub Well consider that Bush didn't actually win and that few systems of democracy actually represent the majority opinion as it is.
Well it's not really my problem but no, I knew that Obama would just be one more politician like any other, I wouldn't trust ANY politician. Ever since government became a career rather than a privilege, it's been worthless. It's all about private gain and protecting yourself now, rather than improvement or development. Politics has replaced government.
And seeing as how you understand that, you should also understand that insurancce companies are not under any obligation to provide free health care to terminally ill people, to people who have lead a horribly obsese life style. By the same measure, government has no obligation to be honest and consider the wellbeing of a populous whose world view is sufficent just for reality shows and sarah palin's book.
@cpufightclub That's not what people expect nor is it what people would be provided with... though as a tax payer, that is exactly what the government should be doing for them. If they pay their tax to the government then they should see the benefit of doing so. Otherwise, why is the government there? To hold a livestock of humans to mistreat and exploit?
As long as the populace provides the government with it's funds, the government should be looking out for it's populace. Not f##king them.
"As long as the populace provides the government with it's funds, the government should be looking out for it's populace. Not f##king them."
That is a common misconception; the united states dollar is printed and owned by the federal reserve, not the treasury.
In a manner of speaking, paper currency is on "loan" the people. Understanding this, the government is a proxy for the ferderal reserve, has full right to do with whatever they want with the funds.
@cpufightclub This changes nothing... currency itself is worthless in principle. "On loan" means nothing; the federal reserve can't in practice take ownership of or void all currency when it sees fit. In practice, you have the slip of paper, you own in, you do with it how you see fit, and the government needs it.
You can't justify the actions of the government because technically currency doesn't belong to people. A lot of things don't "technically" work out the same way they do practically.
The government is not f@@ing over anyone. The government is a great clearing hourse for assets both tangible and credit. The innerworkings of government and economics is not with in the understandinf othe american people. That has already been seen to. They should be focused on what democreats and republicans are doing, what sarah palin's head looks like pasted on sexy bikini pictures, or who wins the super bowl or what libaugh says. leave government. to government and people to themselves.
I am personally well aware that my health and life a re little more than commodities to be traded on the stock exchange. As a people, we have next to zero authority. THose who are in authority with in government are not affraid of any manner of reprisal, and so they act brazenly to make money.
@cpufightclub America is the worst representative of this mode of existence. But this isn't the only existence available and people should not be content to continue on this way. Selfishness and complacency has allowed this existence to take root and now it is practically set in stone. People shouldn't just sit back and accept it, a unified people can change a country in to whatever they want, but of course everyone with their own agendas and ideas just shoots themselves in their feet.
What it generally is, I get elected, I decied how many laws I can bend to make me a shit load of Cash when I've served my term.. What Cheney did with Halliburton.
@2DRonaldo And this is a very depraved state of affairs, and we call ourselves civilised. We need to get off our high horse and notice the pile of idealogical crap we're standing in.
There is so much of it in all different fields of our society.. The evil side of Capatilism, Greed and the lack of control i.e "How much is too much?" is running rampant.
People aren't going to do anything, that's the sad truth of the matter.
Even if America ends up like Zimbabwe people I doubt will rise up to this lack of Social inequality.
@2DRonaldo The majority of people are easily and willingly made complacent and docile as to the state of things around them. Everyone wants someone else to fix problem whilst they cheer from the sidelines.
Society in general is like that, we all rely on someone to do something for us, no such thing as someone who is independant.
It's when those at the top take more than their fair share amongst the fellow collective do we see the injustice.
Amazing that there is experts out there that probably have excellent solution to this problem and instead we get idiots like Geitner.. The rest is up to the Tax Payer to gather up and oust him from office... Like you said Cheerleaders, boo/cheer .
its disgusting to see the injustice when a normal civilian misses on 1 bank payment for mortgage, etc the BANK HAS NO MERCY ON YOU...but when these BANKS rip the COUNTRY OFF of BILLIONS of dollars...what does your government do? BAIL THEM OUT WITH YOUR TAXES!!! whats wrong with this picture?
ilindah 2 weeks ago
@optionsupdate your really a bad conspiracy theorist, going too far out in your claims that because obama's 'mum' worked for geithners' father has anything to do with shit. The picture is much bigger than obama lol
lazychimp123 1 month ago
when was this aig hearing where this was discovered
optionsupdate 1 month ago
60% of the economy before the GREAT DEPRESSION OF 2009 WAS BANKING. 1980 THREW 2009
NOW 90% OF THE ECONOMY IS BANKING? ONLY 1% GOES TO WORKING PEOPLE???
TAKE YOU MONEY OUT OF THESE PONZI SEAMING BANKS.
JUSTTHETRUTHTV 6 months ago
PUT IT INTO THE CREDIT UNIONS. They are still highly regulated & did not participate in the crime against you… that the banks & Wall Street did. JUST THE TRUTH.
CREDIT UNIONS ARE NOT FOR PROFIT INSTITUTIONS. THEY DON’T MAKE 100,000% PROFITS LIKE BANKS. THERE WAY IS THE RIGHT WAY 2-3% PROFITS. AND THEY REALLY MAKE LOANS TO PEOPLE WHO NEED THEM.
IN FACT THEY ARE CAPPED AT 16% INTEREST BY THE GOVERNMENT.
JUSTTHETRUTHTV 6 months ago
As long as Obama and Larry Summers get part of the cake wink, wink Geithner is there to keep the cash flowing to JP Morgan and Goldman Sachs Blankfein.
cybersk 6 months ago
The Federal Reserve, like any Ponzi scheme, must have new capital or it will collapse. Higher debt limit merely postpones the inherent collapse. The FRBNY handled $8.4 trillion from T-auctions last year and hid the profit from Congress. Is that embezzlement? Ref. 3W scribd dot com message 49040689 RIP OFF BY FEDERAL RESERVE
oldereb38 7 months ago
What Does the United States Department of Labor Statistics do? How do they keep track of the Market Inflation Price Index?
heartlessvietboy 7 months ago
OBAMA AND THE PRESENT ADMINISTRATION HAVE MADE FOOLS OF THE AMERICAN PEOPLE! GET ME RIGHT: HE IS A GOOD LOOKING MAN: HE IS A LIAR; HE PROMISED TRANSPARENCY AND WE HAVEN'T SEEN TRANSPARENCY; HE AND HIS ADMINSTRATION ARE SQUANDERING/FLEECING AMERICA! THE THREE STOOGES: NANCY PELOSI, BARARCK OBAMA AND HARRY REID! THE NEW COMEDY THAT WE LAUGH AT WITH GREAT ANGER!
GOD BLESS AMERICA; GOD PROTECT AMERICA
arlenice1 8 months ago
As much as I like Obama, and I believe that Obama has done very well for all the cards that he was dealt, Geithner has got to go. As well-intented as he is, he has the wrong priority. We need a businessman who can be away from the large banks and corporations to head the secretary. With a republican in office, we would have literally been destroyed, and Obama is the only reason why America is not in a depression. The reason why Obama hasn't fired anyone yet is he needs to say he is running again
simoom101 10 months ago
America, "land of the free" pffft
Sidrcride 1 year ago
"Not necessarily the right thing to do"????? NOT NECESSARILY?
Let's call it what it is; TREASON, warranting nothing less than the death penalty!
This is FINANCIAL TERRORISM and I'll just bet Timmy gets through TSA without a search. Nope, instead they put their hands down the pants of WORKING Americans, even though we ALL KNOW that 9/11 was done by the executive branch, and Obama is still helping to cover that up. Obama appointed Timmy b/c Obama works for the BANKS!
joygarner 1 year ago
Another dually who is draining the money from the working people into the pockets of the banksters.
pask54 1 year ago
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polysemousncrk 1 year ago
the weasel Geithner needs to go
NHMntnHIGH 1 year ago
Geithner rips off the taxpayers for 13 billion yet we fill our prisons with black guys who smoked pot. We deserve everything we get.
DampRabbitVideo 1 year ago 17
@DampRabbitVideo welcome to america
zip68 1 year ago
@DampRabbitVideo well said.....sad isnt it? .the truth can be disturbing at times
oriaston67 1 year ago
@DampRabbitVideo AGREED. white government can rob anyone they please BEHIND the laws while they arrest the black community for bullshit crime. if the american people dont wake and vote ron paul their will be a civil war like never before.
ilindah 2 weeks ago
i hope he dies of cancer..long and painful
MD40LD50 1 year ago
If we just eliminated all the waste and misappropriations of funds i guarantee we could fund at least another stimulus bill.
34601k 1 year ago
@34601k if we just eliminated all the waste & misappropriations, that Alone would fix the economy
and a Lot faster than Obama blowing another trillion bucks
cloudshe 1 year ago
Why isn't Gietner, Bernake, Paulson and Greenspan in fukin jail? As well as Bush Cheney Rice Rumsfeld Silverstien and a few more. The demo crew in NYC the Airforce people who launched cruise missiles at the pentagon and in PA? I'm pointing fingers and naming names. Research for yourself you'll see what I mean.
surefoot4x4x4 1 year ago
@surefoot4x4x4 man u should do less drugs
cloudshe 1 year ago
@cloudshe perfect name 4 u. female clouded.
surefoot4x4x4 1 year ago
@surefoot4x4x4 you are certainly delusional about this 9-11 stuff, sometimes a cigar is just a cigar
cloudshe 1 year ago
@cloudshe a steel building just doesnt free fall like the towers did. A plane didn't hit the pentagon. The impact area is the biggest proof that the Gov story is major bs. Theres something fishy going on but if you want to stay plugged into the matrix go right on a head enjoy that kool aid. :P
acp1778 1 year ago
@acp1778 tens of thousands of engineers would disagree with you. and as a former aircraft accident investigator i saw nothing strange about the pentagon disaster site.
how do you think they kept everyone quiet that was involved in the clean-up? and what happened to that plane load of people, where are their remains? oh, i think they were scattered all over the debris site! did you hear Anyone say "hey, where did the people pieces go???"
cloudshe 1 year ago
I wonder when people will realize it isn't the people in the positions, it is the power given to the people in those positions.
Another Tim Geithner will be around in no time.
s0beit 1 year ago
sounds like RON PAUL 2012
sciencemunk 1 year ago
Obama, the Fed and Goldman knew the bubble was going to burst. Apparently AIG did not know. But, because AIG is a huge part of the Shadow Banking Industry, that is why the excuse was used to bail them out. Also, Geithner wanted to protect Goldman because of his past ties. They are all in it together and they all share the money that is made from us.
lafleurplumeria 1 year ago
this guy is the biggest clown ive ever seen and a tax cheater.
miamirockstar2010 1 year ago
Is anyone else tired of seeing evidence of massive fraud and other crimes only to see it continue day after day after day. I feel that this has all gone too far to be recovered by a vote. If you vote in somebody with integrity that operates for the people and denies the banks and corporations the control that they now enjoy such a person would surely be killed.
buddcinder 1 year ago 2
if Geithner goes....then they just put in another jerkoff who sucks the banks dicks.
murraysdaddy 1 year ago
$13 Billion is a lot of money
peoplz360 1 year ago
Comment removed
GrenadeChick99 1 year ago
Integrity in this country is a thing of the past.......at least in washington. My grandfather who fought the nazis taught me that if you dont have integrity and honor than you are truly the poorest man in the world. I wonder what kind of childhood this idiot geitner came from.....or maybe someone twisted his value system along the way when he was in HS or college to turn him into a pathetic spineless maggot.
combatdiver325 1 year ago
Stop pretending like all these people are just incompetent, they know what they are doing. Geithner didn't butcher his job he had criminal intent. Its not so much evil as it is criminal but when it effects and hurts so many people...Its pretty damn evil. He also looks very guilty and emanates suspicion in his hearings. Amazing.
Diipole 1 year ago
his show is for little kids and racist idiots who hate white people
wwintelligencer 1 year ago
Congratulations for waking up. Sort of. Connect quite a few more dots.
tolynette 1 year ago
Tim the Tax Man is representing Obama!
not the people, Fox News has been on this from the start and you Turkeys obfuscate and twisted facts to cover Obama, now public opinion is against Obama Turkeys are feeling the heat!
Anyone see the Irony here?
PoorMansPlato 1 year ago
Not to worry, dude. The taxpayers who will foot this part of the 'bailout' are just babies anyhow. They don't know jack, and junglemike72 (thanks) is right on.
igotta9 1 year ago
all of Obama's financial people are all insiders in the banking investment industry the very oens that caused the collapse..Obama was told to appoint them by the banks..Geithner doesn't care about the public all he cares about is protecting the wealthy elite
xadam2dudex 1 year ago
Why is it called young turks, he looks kind of old.
fnyklr 1 year ago 2
Go and look up what Young Turks means.
MohammedAlFathi 1 year ago
TheDutchap 1 year ago
Round up ALL the executives of these Co.s & governments & SHOOT THE F#@%$&S !Glodman-Sachs, AIG, the Federal Reserve, Citi Group, Merrill Lynch, BanK Of America, J P Morgan, The Dubai Government who received $8 Billion, The Government of India who got $1 Billion, the China Construction Bank Corp that got $7 Billion, who wasted OUR TAX DOLLARS, while AMERICANS are losing their homes, life savings, retirements, going hungry, freezing to death in their own homes because they can't pay their bills!
TheDigitalWeb 1 year ago
This has been flagged as spam show
Geithner is a LYING, THIEVING, F%@#!&G TRAITOR! He is also Paulson's dupe. Hang these F#@%&!s !! Enough with the RED-BLUE HORSE**** ! O'Bama, another FRAUD & TRAITOR has issued diplomatic immunity to FOREIGN assets to control YOU, when the economy implodes! The economy is MORE than sick. It's all but dead! The owners of the Fed, The Mil.Indus.Complex, and your corrupt Government are just trying to keep the lid on, until they feel they have enough control in place to let the economy crash!
TheDigitalWeb 1 year ago
It was a crime against all American tax payers. Not only does he got to go. He must be convicted and imprisoned.
cunnidvd 1 year ago
The banks priority is to give the American, and Canadian people a slow death...leading up to 2012, where there will be a full collapse amidst the chaos of the solar storms....these bankers and political clowns will be in those bunkers...safe, living with all they need...waiting it out lettin' us all die up here. Ah well...what r ya gonna do??
descrambler 1 year ago
It does not matter if you get rid of Tim the Tool, another one will take his place. Ben the Bitch at the Fed Reserve is from the same block, they work for the Global Elite, and the agenda is a global government, and the only way to have it, is to destroy our sovereignty. Puppet Obama like Puppet Bush, is just doing just what he was placed in this office to do, further the agenda. Wake up Americans, our your children and their children will grow up being slaves to the government if they live.
junglemike72 2 years ago 2
@junglemike72 Hi sir did you know that Obama went to school with geithner, and obamas mum worked for geithners father at the ford foundation, which is suspected of being a CIA front.
optionsupdate 1 month ago
Great analysis TYT! Keep it up!
ramjet73 2 years ago
Get involved its about all our lives and our childrens live! Once they got our freedoms they wont give it back! Fight this back as long as you still can get educated and educate others inform youre fellow Man about the treat hanging above our heads so we will have a future! Doing nothing is no option it will not go away until we make it go away! A lot is at stack and if we do nothing it will be lost for CERTAIN so we have no choice we under attack of financial terrorist!
strolchi10 2 years ago
What they try is to sacrifice Geithner as a scapegoat so public intension will ease! I hope America is not falling for that, instead push this as a very good reason to Audit the FED and ask for full accountability! Dont let them fed ya Geithner pretending everything is fine! We need to push this! If we let them get away with this the destruction of our economy by design, for the benefit of the view will go on until we have nothing left but submit to Slavery like conditions!
strolchi10 2 years ago
At least after this anyone should stop blindly trusting those who control our money supply! Everyone should support Ron Pauls Bill to Audit the fed even if you are not sure wither we should abolish the Fed ore not! Geithner is the tip off the iceberg lets go and find out about the rest let em proof to us that they did not misused there power! Throwing Geithner under the bus isnt good enough at all! They will simply replace him with another crock we got to know whats going on!
strolchi10 2 years ago
Having Geithner resigned isnt god enough it! We have to completely audit and then abolish the FED we should take offer arrest most of them and do a full scale investigation of all there moves in the last 80 Years concentrating first on the actual crisis! Get back to a constitutional Money system! Restore the Issuing power back to the people out of the hand of hidden unelected People!
We need to wake up to this we are getting scientifically robed by a fraudulent money system!
strolchi10 2 years ago
Obama hired him.
poopstreek 2 years ago
wud the crap @Tcommsir02
playfreemoviesnow [.] c O m
bosketclaudettesi 2 years ago
I think Temple420 means "President of the EU" Thanks to Globalization Europe has President Herman van Rompuy!
ladza 2 years ago
that is what I meant
that is who I was speaking of
Temple420org 2 years ago
I know that I am libertarian, but like Ron Paul a member of the R party.
Temple420org 2 years ago
This has been flagged as spam show
We all do a lot for each other - You and I - we grow food and build shelter etc. Now envision a world WITHOUT money - half the population would be freed up from handling money no cashiers at wallmart and no treasury secretary and they could then do something constructive like growing food. The bonus would be that NOBODY COULD AMASS MONEY and control the rest of us..like John Lennon said IMAGINE
rawmilkklimwar 2 years ago
Henry Paulson was the CEO of Goldman Sachs, he then became Treasury Secretary and then gave Goldman Billions, which in turn gave him millions to secure his Goldman Sachs retirement. Ben Bernanke, Tim Geithner, and Henry Paulson need to be PRISON.
edarotag84 2 years ago
Geithner is a lying fagot. He is a piece of shit like the rest of the administration. He is a cock sucker like everyone at the IRS. Here is a leader of the IRS who is corrupt and wants all your money. He is the boss who can't even do his own taxes. Do I need to say anymore? You are fucked by the IRS because of incompetent dick heads like Geithner. May Geithner die in hell with all the other greedy ass mother fuckers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Fuck you Geithner!!!!!!!!!
3barkingdogs 2 years ago 3
man, what a superb analysis! very well done!
DailyVsNews 2 years ago
Forget about the dumb whales... SAVE A BANKER!
h4v0kk 2 years ago
stupid idiots they dont even know what they doing!! no wonder obama got this guy bunch of idiots i tell ya
locos1374 2 years ago
Why does this guy always defend Geithner and big government this is ridiculous, Tim Geithner is an Evil Bastard- look at his actions!!!! Are you kidding me? Our Government has been usurped by the Banking Elite! OUR LIVES ARE RUN BY THE BANKS- THAT IS WHAT IT COMES DOWN TO. JESUS CHRIST WAKE UP PEOPLE!
illmagnified 2 years ago 3
Tim Geithner is a political liability. Will Obama get rid of him? Or is Obama so OWNED by the banks that he'll put Timmy before the American people?
It will be interesting to see how it plays out.
DojoNDude 2 years ago 6
i want totrade in turbo tax timmy and
charlie "mr tax law writing tax evader" ra gel
for wesley snipes. . .
FREE WESLEY SNIPES!
wolfgangfaust 2 years ago
OBAMA IS NO LIBERAL.
marcomariaz26 2 years ago 3
A Jew..selling money...the hell you say
DaytonaRoadster 2 years ago 3
hahahahahahahaha
treid100182 2 years ago
@DaytonaRoadster
Absolutely brilliant! LOL thanks! As Shakespear said, "brevity is the soul of wit." You rock Roadster.
MadEclectic 2 years ago
absolutely corrupt - and these bankers control both the democratic and republican parties. They hand pick our presidents and we americans fall for each time; someday we'll wake up and form an independent party or regain control of our governmental system
nativeveteran70 2 years ago 2
@nativeveteran70
did some one say independent party?
IM IN! i told obama so yesterday! lol
i worked for this guy, as a dem.
i broke when i heard Bush CIA head who hustled info on 'lies to iraq', and hand wrote "Powells speech to UN, for reasons to attack iraq.
this prick is now head of investigation, on 'underwear bomber'.
same hack bastards, that lied for bush.
'Progressive party'? you name it!!
#1 ideal/stop lobbyists! or jail them!!
on geithner....tim adios, dont pick up ur check!
MrClaydough 2 years ago
Ancient Roman proverb: "Money is like sea water, the more you drink of it the thirstier you get."
rspawn 2 years ago 2
all hail secretary geithner~~~~~~
trinomialtree 2 years ago
Obama and all his banking cronies are corrupt. Or rather, the banks and their employee Obama is corrupt.
MyGrassroots 2 years ago 4
Oh wait, except Timmy was working for the Bush administration at the time, but hey don't let the facts stop ya.
pyradius 2 years ago
so your blaming this on bush, bush fucked up we know that, now we know that obama is starting to fuck up, stop pointing fucking fingers democrats and liberals own this problem and fix it, stop playing the blame game.
trobe23z 2 years ago
@pyradius
Hey moron, according to Obama, he did such a great job, he promoted him.
Listman11 2 years ago
there covering up for lil timmy Geithner the white house dont you know the whitehouse rewards criminals gonna put him on front page of forbes or time
sirus10 2 years ago
Hey, hey, Barack. How many taxpayer billions did you give away today?
newdarnaccount 2 years ago
Thanks a lot, Barack! Asshole.
johnny718bravo 2 years ago
That evil Muther fucker just makes all of the good Jews look soooo bad
ironwork92000 2 years ago
It's because the rich are biased toward wealth gettin more wealth but by taking it or sequestering it. It's just human nature and bias. It's a game... and got convolutions. It's more exciting than just killing us outright. It makes them feel like winners. At a certain level of finance stealing is winning, This is more like stealing but getting away with it... Therefore "winning" or "earning" is the proxyish term.
hypnofan35 2 years ago
Give Fascism a chance. Chains You Can Believe In
AG51LZ 2 years ago 3
someone give me tim geithners home adress please, ill take care of that piece a jewish shit
Caboose3012 2 years ago
indeed cenk! not only is it a bad sign but its also a very bad thing! corrupt obama just like all the others. didnt believe it for a long time but by now i do!
lebowskithebig 2 years ago 2
i am going to make it one way or the other i am so mad
SKIPPERDUDEL 2 years ago
wow. i dont have any money.and i am make it one way or the other.
SKIPPERDUDEL 2 years ago
The way Tim Geithner looks at people leaves a whole lot to be desired! He looks like a person with a lot to hide! He does not look at people straight in the EYES! How did Obama choose these crooks unless he is one of them?
nyarkenya46 2 years ago
Tim Geithner, Hank Paulson and Ben Benarnke are the most corrupt individuals on Planet Earth!
nyarkenya46 2 years ago 4
If this turns out to be true, Geithner needs to go. However, there has to be proof-positive, iron-clad evidence that shows this went down the way Bloomberg says it went down. This might be Obama's first big test in the integrity area. I understand he's not looking to fire people in the middle of this economic snafu, but if this info about Geithner is correct, the President needs to let him go ASAP, before his own credibility starts eroding as well. This is going to be the first big test, IMHO.
armyveteran101st 2 years ago 2
O was Big Finances top recipient in 08 to the tune of $40 million. Might explain
why 11 months later there has been virtually nothing done to reign in Wall St's excesses.
RomeoMD25 2 years ago
Firing Geithner is not even going to come close to solving the problem. He is but one small cog in a huge failed system.
xcdude35 2 years ago 2
This has been flagged as spam show
The GOP forgot many things:
- 9/11 under their watch and shoe bombing under their watch
- 4 stage cancer economy with methastasis in January 09
- $281B surplus put in the pockets of Insurance, banks, oil and pharma companies for bonuses and salaries with ZERO INVESTMENTS IN EDUCATION, HEALTH CARE, INFRASTRUCTURE, ENERGY
- The Iraq war which brough Al Queda in 100 countries
- Halliburton and Black Water
- ignoring the warning of 9/11 on Aug. 2001.
- Flying the Bin Laden on 9/12 2001
MrFreedomdemocracy 2 years ago
Gotta love little Timmy
diurdi 2 years ago
And this is new?
Romulus2009 2 years ago
tim geichner needs to die. someone pay me to do it or give me a gun to do it
I'll do it.
stoneybologni89 2 years ago 4
The Feds have a monoploy on Power and the banks. They feed different economic establishments to prefer. establishments.
EmeterioBetances 2 years ago
Timmy got dirt, better than gold.
overtbellicosity 2 years ago
republican or democrat. It doesn't matter, the banks control both sides, WE ARE SCREWED>
socomplete 2 years ago 14
wtf is cenk channeling glenn beck, because i'm pretty sure i've heard this a while back on his show. Better get yourself a chalkboard cenk.
rugerfaust 2 years ago
UGH I can't even comment on Geithner anymore, I'm just so sick of him and all this.
TheUSMetalhead 2 years ago
How can we have faith is this obviously broken system?
CHANGE's opportunity has come and unfortunately is going...
Financial reform? The mere idea is so far from politicians agendas I don't see it happening for MANY MANY years.
dirtynas 2 years ago
I knew their was something about that Geithner b4 he was sworn in.
I could just see "sly fox" written all over him.
TallahasseeLove850 2 years ago
HEY TURKEYS!
Cenk looks like he's gonna pass out.
Guess he finds it hard to say ANYTHING bad about an Obama lackey!
albermarle19 2 years ago
Just shoula put it on CSPANN!!!!!!
albermarle19 2 years ago
This has been flagged as spam show
Tiny Tim should be in prison.
SpiritualAtheist 2 years ago 2
A republican saved the day?
Fuck
TheFunkyDomination 2 years ago 3
@TheFunkyDomination lol
alh0813 2 years ago
How do you eliminate toxic assets like that anyway?
TheFunkyDomination 2 years ago
YOU IMPEACH OBAMA!!
albermarle19 2 years ago
Tim Geitner should get his paycheck from AIG, not from tax payers as he clearly only works for Wall Street not for tax payers
tico8007 2 years ago 6
i think he used to work for Goldman-Sachs and still has connections and massive financial stakes in that bank
jared091787 2 years ago 2
i SMELL A BIG FAT CHICAGO RAHM RAT masterminding this mouse in the trap,,,,,,while THE BIG FAT RATS GET AWAY,,,,HEY... DID GEITHNER DREAM THIS DEAL UP ALL BY HIMSELF,,,,,,
ERROLCUSTERFLYNN4EVR 2 years ago 3
@ERROLCUSTERFLYNN4EVR .......STILL THERE ARE NO PERP WALKS ALA THE ENRON ERA OF CRIME...all these PROTESTING IDIOTS OUGHT TO OCCUPY WASHINGTON DC LIKE THEIR FATHER'S DID IN THE VIET NAM ERA OF WAR PROTESTS.......but it did not end that goddamn war one day early for all the yellin and screamin.......VOTE ALL POLITICIANS OUT....,EVERY ELECTION EVERY TIME AT EVERY LEVEL,,,,,A CLEAN BROOM SWEEPS CLEAN AND KEEP THAT BROOM CLEANIN'
ERROLCUSTERFLYNN4EVR 3 months ago
alex jones brought this up in the obama deception, where most of his cab choices were lobbyist and such
fr1edweezy 2 years ago
Dude, 'the obma deception' is a piece of crap: 20% truth, 80% lunacy.
If you want a real documentary exposing the dirt on the Federal Reserve crowd, watch 'FRONTLINE: The Warning'.
You can watch it for free on PBS's website. Trust me, you won't regret it.
MarquisdeBarrabas 2 years ago 2
Hell yes man! Fuck Paulson and Geithner! Worst men alive.
edanxkr 2 years ago
GEITHNER AND PAULSON FOR PRISON.
ERROLCUSTERFLYNN4EVR 2 years ago
geither smells like a PATSY.........there are a load of other rats in this kitchen.......
ERROLCUSTERFLYNN4EVR 2 years ago
none of them including obama are for us.... people are clueless!
tommyenglish1 2 years ago
How come right wingers never really speak out against bailout money to corporations? No taxes to benefit anyone, fiscal individualism right? How come they don't support that ideology even if it means plummeting major corporations and cause a catastrophic economic crisis? Well at least you got your free market with less taxes to SOME things right? But there's no way that could actually happen if you really believe in a free market and yet they remain silent.
Mortello 2 years ago
So basically, Geithner is giving taxpayer money to bankers and insurance CEO's that purposely lost bets, so both parties end up cashing in because they were "too big to fail"?
Wow, just wow.
This sounds like a fucking scam that was 15 years in the making...
IFloridaMotocrossI 2 years ago 2
Tim Geithner is a piece of shit. He is not the only one that should go...the Fed needs to go! Think bigger picture...the banks of the Fed are the ones creating this mess in the first place by bailing out the bankers!
This isn't a capitalist society...it a country run by bankers and the Fed is full of banks running the show!
Read, End the Fed by Ron Paul...aka...the last honest representative left in congress...
Ron Paul 2012!
Buergs323 2 years ago 4
Not only must Geithner resign, but more importantly his replacement must be someone who is known to oppose this wall street corruption. Elizabeth Warren would be a very good choice, or someone else like her who does not agree with this filth.
oudaoua 2 years ago
@oudaoua
I would support Elizabeth Warren immediately! She's far more competent than Tim Geithner
mkhomero 2 years ago
Cenk, you are one of the few people out there with an actual brain in your head.
If people think America's problems boil down into Republicans vs. Democrats or that the problems boil down to Liberals vs. Conservatives: We are in a world of trouble. You are the one person I've seen that is above that.
chenalos 2 years ago 2
before i have been skeptical of the bilderburger conspiracy until i found out that tim Geithner goes to these bilderburger meets. it gets me thinking anyways maybe it is reality and it bothers me that this guy is in are government
ewigkase1 2 years ago
If either by design or chance, this economic down turn and the funneling of money away from the masses is a good thing. We were consuming at a break neck speed. Using up all the natural resources and trashing this planet. If the lack of money helps the public realizes that they have to think about what they are buying and conserve more, I think it's a net benefit for our future.
akfak0retlaw 2 years ago
Now they're making Safe Banks and Risk Banks over here.. Who wants to gamble their life savings?
There are 100 Geitners out there, get rid of one another will take his place.
Amazing that being President gives you so many perks, YET they can't find someone who is considered the Best of the Best to handle the economy.
2DRonaldo 2 years ago
Usually I think the TYT videos sucks. This one is good, however.
MrNiceGuy4TW 2 years ago
It gets even worse than that.
Edward Liddy (AIG CEO) resigned from the Goldman Sachs Board of Directors on September 26, 2008!!! This is just a WEEK before the Bailout bill was forced down our throats. So I watched Liddy's interrogation in front of congress and I was expecting a crazed interrogation. Instead, Congress played pattycake with Liddy and basically covered up the scandal by asking lame weak assed questions(both parties). Unbelievable!
RAMKING61 2 years ago
Cenk, you're a little off. We gave AIG over 180 BILLION $. All of which could have been avoided if we let AIG go under.
Geitner and Bernanke's reasoning that we didn't have the legal structure to support the insurance side of AIG while letting the FPD (financial products division) go under, is pure BULLSHIT!
Think of it this way - the average taxpayer gave AIG $1000 to pay off bets. It's just that simple.
We should be in the streets with pitchforks and torches.
judoyodan 2 years ago
Tim Geithner is Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Palin is a SUPERIOR politician and statesman than Geithner could ever be. She is also MORE MAN than he is for Geithner wears the skirt in his family while his wife wears the pants! When Palin becomes POTUS, she will FULLY EXPOSE his PUSSY for the WHOLE WORLD TO SEE and DESTROY his credibility and career! She will pick a SUPERIOR HOT white woman Treasury Secretary who will help Palin implement Palinomics!
ecwaufisxtreme 2 years ago
Well done Cenk. Your have the right attitude.
FriendOregon 2 years ago
I agree with Cenk. Issa has faults, but he is an intelligent and reasonable republican. And we should cherish actual valid criticism from anyone, precisely because it is so rare.
EnhancementSmoker 2 years ago
@ 7:12, Cenk's analogy is totally wrong. Geitner isn't a fool. He knows who he's working for. He needs to be strung up by his toes and whipped. And I'm not talking about Cool Whip!
jefevonQ 2 years ago
Whine whine... when are you guys going to actually take action and do something about this?
Clearly this is a swindle on the American taxpayers.
lordvalgarX 2 years ago
why would obama have only one term as president? he's doing a good job.
and you can't impeach the president for making money. jesus, wtf?
cpufightclub 2 years ago
i voted for him and i think hes doing a shitty job.
No financial reforms...
Didnt fight for real Health care reform...the mandate is a disaster...
Made a deal with BigPharma to not negotiate drug prices...
On almost every progressive initiative he campaigned on, hes flip flopped...hes trying so hard to be a centrist/corporatist that hes betrayed his base...
EnhancementSmoker 2 years ago 2
@EnhancementSmoker
Uh.... Obama is not betraying anyone. He's making a lot of money for central banking, walstreet, and the insurance companies. They're all happy with him. How is that betrayal of his base?
cpufightclub 2 years ago
is that a serious question? you think progressives like those actions?
EnhancementSmoker 2 years ago
@EnhancementSmoker
What do progressives and conservatives have to do with anything? The bottom line is Obama is making or helping to make cash for a lot of people. That's what matters. He's upholding his promises to benefit those who have succeeded and punishing those who live beyond their means.
cpufightclub 2 years ago
"upholding his promises to benefit those who have succeeded and punish those who live beyond their means"
well i dont remember him promising that...but ok.
those who have succeeded? the bankers drove their companies into the ground and were bailed out. they were rewarded for failure...not success.
only reg people have been punished as a consequence.
progressives and cons are against the actions that you mentioned. and he didnt campaign on helping wall st...hence the betrayal.
EnhancementSmoker 2 years ago
@EnhancementSmoker
Regular people? Who might that be?
People who don't save? People who raise kids larded out on cheetos and yohoo? Who do you think playstation3 and nintendo wii are marketed towards? inactive, lard asses who work minimum wage jobs and spawn a minimum of 3-4 kids. No insurance company should be forced to cover these people And I don't blame them.
cpufightclub 2 years ago
thats not what the health care bill mandate is. insurance companies arent going to be forced to cover anyone.
people without insurance are going to be mandated by the gov to buy insurance from a private company. That is worse than a tax. A tax goes to the gov. This goes to a private monopoly with no oversight.
ur characterization and blaming of main st. for the financial crisis caused by wall st. is ridiculous..
they took our 401ks, made outrageous bets...and then got bailed out
EnhancementSmoker 2 years ago
@EnhancementSmoker
So? what of it? They need to have guarantees against economic pitfalls.What of the failure of the ameerican people to save? to plan ahead? to consider using a condom before having so many extra hungry mouths to food? That costs a lot of money.
cpufightclub 2 years ago
so you think that profits should be privatized while losses should be socialized? in a truly capalist system...those companies would have been allowed to fail.
and they were saving with their 401ks. Deregulation - glass steaglle - allowed commercial and investment banks to merge. which meant they could use your SAVINGS to place unbacked bets...
then when they system crashed...the losses of our savings were socialized by bailout out private corporations....
EnhancementSmoker 2 years ago
Not to mention, that merging made those banks too big to fail. That's the only reason I support the bailouts. I honestly think the economy would have collapsed if not for the bailouts.
This is why we need preventative regulations implemented to keep the private monopolies and corporations in check.
IFloridaMotocrossI 2 years ago
I would presume, in an considerate society, that a people would choose to educate and establish earning power before taking on such risky, long term bets as child care and personal health
cpufightclub 2 years ago
@cpufightclub You're saying it's perfectly ok for the president to look out for corporations and private interests over the people of the States who voted him in? :P
So the United States is basically one big corporation then, the government is just another brand. They aren't governing their people, they're exploiting them for private gain.
PersonalPariah 2 years ago
@PersonalPariah
Not exactly. I do not see how the american people can elect a president. prior to taking office, the life of one george bush is an utter failure. every business, every endevor, an utter wash. eight years of this man, and people are supposedly wiser.ALong comes obama and he sells a repackaged american dream hook, line, and sinker. Richard Dawkins exxpresses amazement at the blind trust people put in an invisible god. Why do you trust a president out of no where?
cpufightclub 2 years ago
@cpufightclub Well consider that Bush didn't actually win and that few systems of democracy actually represent the majority opinion as it is.
Well it's not really my problem but no, I knew that Obama would just be one more politician like any other, I wouldn't trust ANY politician. Ever since government became a career rather than a privilege, it's been worthless. It's all about private gain and protecting yourself now, rather than improvement or development. Politics has replaced government.
PersonalPariah 2 years ago
@PersonalPariah
And seeing as how you understand that, you should also understand that insurancce companies are not under any obligation to provide free health care to terminally ill people, to people who have lead a horribly obsese life style. By the same measure, government has no obligation to be honest and consider the wellbeing of a populous whose world view is sufficent just for reality shows and sarah palin's book.
cpufightclub 2 years ago
@cpufightclub That's not what people expect nor is it what people would be provided with... though as a tax payer, that is exactly what the government should be doing for them. If they pay their tax to the government then they should see the benefit of doing so. Otherwise, why is the government there? To hold a livestock of humans to mistreat and exploit?
As long as the populace provides the government with it's funds, the government should be looking out for it's populace. Not f##king them.
PersonalPariah 2 years ago
"As long as the populace provides the government with it's funds, the government should be looking out for it's populace. Not f##king them."
That is a common misconception; the united states dollar is printed and owned by the federal reserve, not the treasury.
In a manner of speaking, paper currency is on "loan" the people. Understanding this, the government is a proxy for the ferderal reserve, has full right to do with whatever they want with the funds.
cpufightclub 2 years ago
@cpufightclub This changes nothing... currency itself is worthless in principle. "On loan" means nothing; the federal reserve can't in practice take ownership of or void all currency when it sees fit. In practice, you have the slip of paper, you own in, you do with it how you see fit, and the government needs it.
You can't justify the actions of the government because technically currency doesn't belong to people. A lot of things don't "technically" work out the same way they do practically.
PersonalPariah 2 years ago
The government is not f@@ing over anyone. The government is a great clearing hourse for assets both tangible and credit. The innerworkings of government and economics is not with in the understandinf othe american people. That has already been seen to. They should be focused on what democreats and republicans are doing, what sarah palin's head looks like pasted on sexy bikini pictures, or who wins the super bowl or what libaugh says. leave government. to government and people to themselves.
cpufightclub 2 years ago
I am personally well aware that my health and life a re little more than commodities to be traded on the stock exchange. As a people, we have next to zero authority. THose who are in authority with in government are not affraid of any manner of reprisal, and so they act brazenly to make money.
cpufightclub 2 years ago
@cpufightclub America is the worst representative of this mode of existence. But this isn't the only existence available and people should not be content to continue on this way. Selfishness and complacency has allowed this existence to take root and now it is practically set in stone. People shouldn't just sit back and accept it, a unified people can change a country in to whatever they want, but of course everyone with their own agendas and ideas just shoots themselves in their feet.
PersonalPariah 2 years ago
It should not be up to the insurance companies, Australia is like Canada we have medicare for everyone from the day you are born your covered.
HydroDay 2 years ago 3
What it generally is, I get elected, I decied how many laws I can bend to make me a shit load of Cash when I've served my term.. What Cheney did with Halliburton.
2DRonaldo 2 years ago
@2DRonaldo And this is a very depraved state of affairs, and we call ourselves civilised. We need to get off our high horse and notice the pile of idealogical crap we're standing in.
PersonalPariah 2 years ago
There is so much of it in all different fields of our society.. The evil side of Capatilism, Greed and the lack of control i.e "How much is too much?" is running rampant.
People aren't going to do anything, that's the sad truth of the matter.
Even if America ends up like Zimbabwe people I doubt will rise up to this lack of Social inequality.
2DRonaldo 2 years ago
@2DRonaldo The majority of people are easily and willingly made complacent and docile as to the state of things around them. Everyone wants someone else to fix problem whilst they cheer from the sidelines.
PersonalPariah 2 years ago
Society in general is like that, we all rely on someone to do something for us, no such thing as someone who is independant.
It's when those at the top take more than their fair share amongst the fellow collective do we see the injustice.
Amazing that there is experts out there that probably have excellent solution to this problem and instead we get idiots like Geitner.. The rest is up to the Tax Payer to gather up and oust him from office... Like you said Cheerleaders, boo/cheer .
2DRonaldo 2 years ago
13 billion was just the payour to Goldman Sachs. Think more like 180 billion or more!
jocknomore 2 years ago