Iam from down under & there are alot of people here right NOW loosing their jobs because the 4 large banks here have decided its time to trim both full time, part time & contract staff because the overall business outlook is so negative (partly because of the high $AU).
Having followed this SAGA from its inception in 2007/08 - i think its high time to put a muzzle on banksters like Jamie Dimon & put them on public trial and get them to suffer like WE are suffering!!
There's no specific list, my friend. Look, I'll give you an example of how inherently corrupt these bankers are and the politicians who coddle them. There was an article written about the vast mineral riches unearthed in Afghanistan, worth upwards of many trillions of US dollars. In one photograph, you could clearly see Jamie Dimon surrounded by the local Afghan holding nuggets of gold in a plastic bag. Do you understand my point? These bankers are funding wars of resources...
@heatbucspies55 Furthermore, all these bankers have truly destroyed what was once a great nation. America reached the moon, but now it will collapse because of these bankers and politicians...
The banks will pay states more than $25 billion for engaging in illegal foreclosure practices, including the “robo-signing” of foreclosure documents. Robo-signing is the practice of a bank employee signing thousands of documents and affidavits without verifying the information contained in the document or affidavit
What is JPMC doing to put Americans to work? What are your US employment metrics? How have they changed in the past decade? How have salaries trended in the past decade? What are JPMC's plans to add workers and improve their salaries? JPMC has an obligation - noblesse oblige. How patriotic is JPMC? Show us you care...
To hear a zionist jew terrorist like jamie dimon whining about 'discrimination".....though extremely typical it completely energizes my distrust of Israel and the jewish people. Recognize the enemy. They love to watch you chase your tail in circles.
@SolidGoldKalashnikov How is stoking "racial hatred" like chasing a tail? And if it is racial hatred that you are concerned about maybe you should copy and paste the following into your youtube search: RACIST TEACHINGS OF THE TALMUD.......then get back to me on your politically mistaken point of view. Seriously. Do it. You have some serious waking up to do and so little time to do it.
So where is your outrage Scenk towards Obama on this. You can't criticize Obama if you are kissing his ass so large that you have reached his tonsils with your tongue
How do you stop the money flowing Scenk? The Treasury stops it. What a hypocrite.
@mecher3k Of course SCenk doesn't kiss Obama's Ass. SCenk doesnt have a head that is square either. Sponge Bob is more rounded around the edges. Accept the obvious and stop being a SCenker.
@CRTtoVIP The only people who'd see the least effect are the rich cause it's so proportionally minor compared to their wealth and current income.
And yet, who did it go to? The banks...
It wasn't even used to ease loans or debt %'s. Just a giant check to the minority that didn't need it. If a bank want's to give out loans, it already has all the means it needs to do so. The people on the other hand are wage slaves
Control hungry rich folks consolidating wealth are why we can't have nice things
For a large number of people that's over a 100% raise. And almost every penny of that would be spent to pay off loans or buy an enormous wave of products. Instead we insist on letting people work themselves to death just for the scraps the market pays them while being trapped in the % trap of loans and get by, people can't spend or pay taxes like that
For the huge majority it would be a great bonus, for a large deal of others it would be a godsend
Maybe Cenk is starting to see that government enables banks to steal money under fears of "too big to fail". This Socialist Capitalism has ran its coarse.
if anyone is actually getting there news from this garbage of a channel, then you should probably read a credible source. this is plain garbage "young turks", yall need to go work for cnn, they would love your "journalism". disgraceful...
Cenk needs to take his Taliban wife and kids and head back to Turkey. Introduce them to the Young Turks there and see what happens. You're such a miserable liberal.
Jamie Dimon saying that stating facts is like discriminating against banks is a lot like Christians saying that rejecting homophobia is discriminating against homophobic bigots.
The fact Dimon and Corzine aren't jail for taking over 700 million from segregated customer funds is one of the most blatant examples of whats is wrong with the system. I would agree people shouldn't hate all politicians or bankers but Jamie Dimon is the poster boy of this type of lawless corruption.
@thechild84 Corzine is going to jail - count on it - because he actually committed MASSIVE fraud. In the case of JP Morgan they bought mortgages from originators that committed fraud on many of their clients (home owners and banks included). If anyone is guilty it's the mortgage originators... banks were just doing what they could to survive as the value of their mortgage collateral got slashed in half in about a years time. We're talking trillions wiped off their books, mate.
@DarkGlitchX You do get to say whatever you want, not every banker is guilty for what others did, what Jamie said is that people automatically have come to assume bankers are evil, and while they predominantly are guilty not all of them are, he didn't denie JPmorgans guilt he just went against generalization.
You know, discriminating banks is not RACISM. TYT just can't let the 'racsim" angle out if this. You Americans are so full of this. No wonder you have the highest gun related crimes in your nation. Just continue killing eachother off ok ? :)
@TheYoungTurks hey guys, speaking of discrimination and racism... the Comedian Lee Camp has an awesome video about "why he's a racist". the idea behind it is that if corporations are people - then he (and i) are huge racists, we don't think "a group of people" deserve the same rights as us.
Isn't it wonderful at how shows like this always come out against discrimination and class warfare and then turn around and paint everyone above their income level as evil and greedy. This guy is just loud and simplistic. He's an entertainer, not an intellectual. Time to grow up.
@medular If you watched the show more often that just this one video that you watched, you would know that Cenk and everyone on TYT has stated innumerable times that they aren't against people being rich, only the manipulative rich people. Do a little more research before you attempt to slam someone next time, ok?
@medular. TYT has never painted everyone above their income level as evil and greedy. They compliment Warren Buffett and Bill Gates because they earned their money. What TYT is against is big banks and corporations who earn their money by queationable means like buying politicians.
@medular he's got a degree in law, and the female co-anchor has a degree in political science. he paints plenty of wealthy people in a positive light when they do things for the middle and low class. he paints them as bad guys when they try to further the income inequality. it's not hard to see when you watch the show.
If idiots/corrupt assholes set up the system so you can get free money you would be an idiot not to take advantage of the situation. Of course the crying when people don't like it is pathetic, own up to it and say yeah i screwed you over cause your stupid.
I thought America's main argument against the left was that the state shouldn't have to look after people...but the banks take seven trillion dollars?...there is a whole circle in hell reserved for hypocrits....
Gratz to TYT for selling your angle, but it's a line of BS that you bought from financial 'supermind' Dylan Ratigan... completely distorted and shows a complete lack of understanding of what the FED window is among other things. If you really wanna have a debate on finance then you REALLY gotta up your market IQ
@Relbl Right! We are all Low IQ slack jaws here, not smart enough to understand that JP is a criminal bank, hellbent on screwing the public out of its tax money, all the while Molesting and Distorting the stock markets...what did I miss? Why dont you educate and thrill us all with your financial acumen.
@joecoool100 Well, when you don't know why they were forced to take the money, and you don't rationalize that if someone offers you free money to invest (as a business) you take it, then YA that is pretty low IQ. Also, when the main collateral for banks are mortgages, and the value of those mortgages gets cut in half, well... you have a pretty big gaping hole in the balance sheet. The FED window was a chance for the banks to stabilize the books while adding liquidity to the system
@joecoool100 The FED is not run by tax dollars - it is a private company and does fairly well for itself. As far as public money that went to the banks it has all been paid back plus 15%. Only AIG and Frannie are still deliquent, and of those four AIG looks like the best bet to pay back in full. You could argue that flooding the market with liquidity distorted markets, but since MOST of it went into new short-term sovereign debt auctions then that's a silly interpretation.
@Relbl and where exactly does the government gets the money it pays the FED to print the money they do ? Yeah, the FED is a private company but its ONLY customer is the US government. So how can you say the FED isn't tun by tax dollars ?
@Razorwing67 Treasury prints money and coinage; the FED only operates and exists on computers and the FED's customers are banks. The FED is run by private dollars who's chairman and board is appointed by the president.
@joecoool100 The one action that WAS distorting markets wass QE from the FED, but almost half of those expiries have passed and less than $2T from about $3.3T is still out there. Those actions pushed buyers out of American sovereign debt markets by eating up supply and shooting the yield down to record lows, but that has the positive side-effect of slashing federal govt borrowing costs making the enormous govt deficits (warranted or not) easier to 'afford' with lower interest rates
@Relbl That was a very lucid and well thought out responce, now tell me Zen master..if all of this went to plan and everything is fine and the system worked the way it was designed except for AIG and Freddie then why is the entire American economy motrally wounded, why are there no jobs, since 1830 the middle class has been building wealth but not anymore, now its giant banks and the like, holding all the money. This country is finished and you know it. It was a nice story you wrote though.
@joecoool100 Nobody said everything is fine, but it's wrong to blame the banks. Banks didn't make employers fire 9m American workers in 12 months and only hire back 3m in 30 months. That's where the real pain is, that with pop growth and that net 6m jobs still lost, there are almost 13m people shit outta luck for work. Investors took their money out of America; you want someone to blame? Try nutbars telling investors to buy gold and guns instead of developing infrastructure! cont..
@joecoool100 ..cont Try blaming ridiculous politics that has half your political system pandering to ultra-wealthy whereby real govt revenues (ie federal taxes) are at an all time low (14% of GDP) and govt hasn't the capability to support the people in need. Try blaming the douchebags who changed the laws in '99 that had the effect of turning mortgage originators into predatory loan-sharks. Try blaming market-makers or broker-dealers that kept pushing for more mortgage to be made.
Being rich isn't bad. Using wealth to keep a thumb firmly on the scales of social balance is.
"We are not attacking the corporations, but endeavoring to do away with any evil in them. We are not hostile to them; we are merely determined that they shall be so handled as to subserve the public good. We draw the line against misconduct, not against wealth." --Theodore Roosevelt
@OtakuRebel So dividing up $7.7 Trillion would give about half of the average annual income of Americans. And you wonder why people suggests wealth redistribution wouldn't work...
Quick you are on the side of cliff holding a banker in your left hand and a lawyer in your right but you can only save one. Which one would you choose?
racialism isn't the only form of unfair blanket discrimination. There is sexism and a whole host of other kinds of unfair blanket discrimination but holding a grudge against people who are actually hurting you (in this case hurting you financially) is not unfair blanket discrimination!
@TruthatCearcie Not all bankers are hurting you, if one asian person kills someone in your family, that doesn't mean that all asians should be held accountable, and even if 30 asians kill 30 of your family members, not all asians should be held accountable.
@cassiusmarcellusable That's an interesting comment, now if you would be so kind as to point out how this particular banker did not cause me any harm so I can stop discriminating against him and I will remove him from the list of individuals that have harmed me. I discriminate against all who harm me personally because I can prove from personal experience that they have harmed me. It isn't sane to treat people who have wronged you the same as people who help you or do nothing for or against you
@joecoool100 Kinda like having the fire dept. burn your house down and then later send you a bill for the water. If a business is "too big to fail" then it is just too dog-gone big. Never thought in a million years I would actually see someone defend these criminal banks.
Taking money from the FED is not taking money from the government. It's different because of 2 things: 1) The FED is not a government agency. and 2) The money the FED gives to people is created from nothing but a demand for credit. Meaning that money did not exist until the FED entered it into an account.
@hallavast Your forgot the part where the "Government" issues " Treasury Bonds" to cover all of that fake money.....Google "The Fractional Reserve Banking System" to get the entire picture.
Ummmm, JP paid back all the TARP money, that it didn't request, well ahead of time, and paid 1.1 billion in interest. Is Cenk a moron or a liar or both? I think both.
i think you are the moron here. Give me 40 billion, and ill make around 1.5 billion in interest per quarter. And im not even a bank. after 1 quarter, i would be 400 million ahead of the game. Give it to me for 6 months, and im a billionaire, 1.9 billion net gain. Thats how it works, and if you watch the video again you see that Cenk actually understands this.... You dont.
@kurtilein3 Really? You can earn 18% (compounded) annually in a market where I can borrow at 3%-5%? You must be a financial genius! JP didn't ask for the money and they paid it back with interest ahead of time. If you don't like the deal, complain to every Democrat you see, they controlled congress and Obama asked Bush for TARP.
If you have 40 thousand, then 3-5% are realistic. With 40 million, its more like 6-10%. With 40 billion, you can do the Romney: Buy two companies that are in direct competition in a specific market segment. This adds their market shares, but you can restructure and fire 20- 30% of the work force. You withdraw assets from both companies, matching the expected decrease in expenditures by the decreased workforce. Then you sell it off.
@FactChecking101 Or, you could initiate a lending scheme with the FED for an interest rate of near .01% deceitfully behind the scenes. Which in all actuality, is what Cenk's declaration is pertaining to. To the fact that JP Morgan has continued to gluttonously consume our tax dollars along with the other financial institutes. Surmounting to an amalgamated $7.7 trillion that are irreclaimable for the American people. "TARP" was the brain child of Henry Paulson. Not Obama.
deutsche bank makes 25% revenue annually on cashflow in excellent years, for the big ones that are quite successful you can expect 20%. in my example i assume 15%.
How long did JP have the money? If it was a full year, they only need to beat 2,75% to make a profit on that deal.
@FactChecking101 Ummmm, your name implies that you should have your facts straight, but instead you make the fallacies like ad hominem attacks at the host, your agenda is clearm your name unearned. Are you a moron or a liar, or both?
Jewish bankers are robbing our country. The police are bribed to do their dirty work. Only the military can prevent the Jews from destroying our beloved country & people. Please come out & help us.
@FactChecking101 I'm guessing he probably accosiated discrimination with racism because most people make that same connection,not because he is stupid.
Occupy is guilty of discrimination vs bankers? oh boy next they are gonna say that we live much better than they do with our cocktails and our little mansions. lol.
The United States of America really should just cease to exist, the experiment was a failure and trying to carry it forward just makes you all look stupid. Divide up the assets and break it up like a bad marriage.
@Clanki What wonderful country is that? Cause, heard from here, sounds like there's some 95-100% probability you're being deceived by your patriotism.
@Clanki HIS ENTIRE LIFE HE GOT AWAY WITH EXCUSES. EVEN AT BANK ONE HE GOT AWAY WITH A LOT OF STUFF. THIS LOSER HAS NEVER MADE AN HONEST BUCK IN HIS LIFE. AND YOU'RE RIGHT: WHEN HE MOUTHED OFF TO MR. SARKOZY HE SMACKED HIM UP. MR. DURBIN REPRIMANDS HIM TOO QUITE OFTEN.
Iam from down under & there are alot of people here right NOW loosing their jobs because the 4 large banks here have decided its time to trim both full time, part time & contract staff because the overall business outlook is so negative (partly because of the high $AU).
Having followed this SAGA from its inception in 2007/08 - i think its high time to put a muzzle on banksters like Jamie Dimon & put them on public trial and get them to suffer like WE are suffering!!
akhalif68 2 weeks ago
Can someone give me a specific list of which bankers should be charged with what crimes?
Obviously people on this video seem to think they should, so can you tell me which ones and for what? I'm genuinely curious...
.
heatbucspies55 2 weeks ago
@heatbucspies55 Hi, I suggest you read Matt Taibbi's Rolling Stone Blog to get some answers ...
akhalif68 2 weeks ago
@heatbucspies55
There's no specific list, my friend. Look, I'll give you an example of how inherently corrupt these bankers are and the politicians who coddle them. There was an article written about the vast mineral riches unearthed in Afghanistan, worth upwards of many trillions of US dollars. In one photograph, you could clearly see Jamie Dimon surrounded by the local Afghan holding nuggets of gold in a plastic bag. Do you understand my point? These bankers are funding wars of resources...
thearchitect27 1 week ago
@heatbucspies55 Furthermore, all these bankers have truly destroyed what was once a great nation. America reached the moon, but now it will collapse because of these bankers and politicians...
thearchitect27 1 week ago
@heatbucspies55
The banks will pay states more than $25 billion for engaging in illegal foreclosure practices, including the “robo-signing” of foreclosure documents. Robo-signing is the practice of a bank employee signing thousands of documents and affidavits without verifying the information contained in the document or affidavit
radiantcold 6 days ago
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Eleetnessful 3 weeks ago
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Eleetnessful 3 weeks ago
Someone needs to explain to Cenk what bailouts mean. loan does not =bailout. legalized accounting fraud =bailout.
nathantankus 3 weeks ago
"The Banker"
A Music Video
youtube.com/watch?v=1CfXy3mkTeI
TheBluePlates 3 weeks ago
What is JPMC doing to put Americans to work? What are your US employment metrics? How have they changed in the past decade? How have salaries trended in the past decade? What are JPMC's plans to add workers and improve their salaries? JPMC has an obligation - noblesse oblige. How patriotic is JPMC? Show us you care...
uberjake42 3 weeks ago
cenk doesnt understand the discount window
ajgolfer1 3 weeks ago
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EPICELEET 3 weeks ago
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EPICELEET 3 weeks ago
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Well You "Know" Corporations Are "Human" Now, So I Guess Humanity Is Prejudiced Towards The Banksters.
TheJungleCityKilla 3 weeks ago
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Jewish terrorist :
Ex Israel Prime Minister, Yizhak Rabin was killed by a Jewish terrorist, Yigal Amir.
Killed on : November 4, 1995
Stevie68000 3 weeks ago
To hear a zionist jew terrorist like jamie dimon whining about 'discrimination".....though extremely typical it completely energizes my distrust of Israel and the jewish people. Recognize the enemy. They love to watch you chase your tail in circles.
callouschristian 3 weeks ago 2
@callouschristian speaking of chasing your tail in a circle, way to stoke racial hatred and distract from serious issues..
SolidGoldKalashnikov 3 weeks ago
@SolidGoldKalashnikov How is stoking "racial hatred" like chasing a tail? And if it is racial hatred that you are concerned about maybe you should copy and paste the following into your youtube search: RACIST TEACHINGS OF THE TALMUD.......then get back to me on your politically mistaken point of view. Seriously. Do it. You have some serious waking up to do and so little time to do it.
callouschristian 3 weeks ago
So where is your outrage Scenk towards Obama on this. You can't criticize Obama if you are kissing his ass so large that you have reached his tonsils with your tongue
How do you stop the money flowing Scenk? The Treasury stops it. What a hypocrite.
mueygringo 3 weeks ago
@mueygringo
Cenk never kisses Obama's ass, fucking RonTards...
mecher3k 3 weeks ago 2
@mecher3k Of course SCenk doesn't kiss Obama's Ass. SCenk doesnt have a head that is square either. Sponge Bob is more rounded around the edges. Accept the obvious and stop being a SCenker.
mueygringo 3 weeks ago
@mueygringo
SCenk?
Idiots acting as if they have more then 2 brain cells, priceless lulz
mecher3k 3 weeks ago
@mecher3k "lulz"? This must be in the tent dwellers' dictionary. Since you have the brain of an amoeba, you should listen to SCenk!
mueygringo 3 weeks ago
@mueygringo
Lulz
mecher3k 3 weeks ago
@mecher3k When the short bus comes by, chase it down as you normally would.
mueygringo 2 weeks ago
@mueygringo
Lulz RonTard
mecher3k 2 weeks ago
Boo fucking Hoo.
isaacBrockofthe41 3 weeks ago
@CRTtoVIP The only people who'd see the least effect are the rich cause it's so proportionally minor compared to their wealth and current income.
And yet, who did it go to? The banks...
It wasn't even used to ease loans or debt %'s. Just a giant check to the minority that didn't need it. If a bank want's to give out loans, it already has all the means it needs to do so. The people on the other hand are wage slaves
Control hungry rich folks consolidating wealth are why we can't have nice things
OtakuRebel 3 weeks ago
@CRTtoVIP So what would you do with a 50% raise?
For a large number of people that's over a 100% raise. And almost every penny of that would be spent to pay off loans or buy an enormous wave of products. Instead we insist on letting people work themselves to death just for the scraps the market pays them while being trapped in the % trap of loans and get by, people can't spend or pay taxes like that
For the huge majority it would be a great bonus, for a large deal of others it would be a godsend
OtakuRebel 3 weeks ago
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Haredim Jews spit at Christians in Israel
Reference : Ynet newspaper ( a newspaper in Israel )
Date : 15th December 2011
Stevie68000 3 weeks ago
Lol
timoback3000 3 weeks ago
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Eleetnessful 3 weeks ago
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Eleetnessful 3 weeks ago
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Eleetnessful 3 weeks ago
Maybe Cenk is starting to see that government enables banks to steal money under fears of "too big to fail". This Socialist Capitalism has ran its coarse.
TheMango121 3 weeks ago
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Eleetnessful 3 weeks ago
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Eleetnessful 3 weeks ago
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Israel & non - Jews :
Rabbi Ovadia Yosef said the purpose of non - Jews is to serve Jews.
Refer : Jerusalem Post 10/18/2010
Stevie68000 3 weeks ago
Operation "French Revolution", anyone? :)
tgpgrimreaper 3 weeks ago
Its moral to discriminate against people who make evil decisions that harms or takes advantage others. Its called Justice.
blacklite911 3 weeks ago in playlist More videos from TheYoungTurks
Nationalize the banks
contacter 3 weeks ago
Ha ha ha ha... no.
RadicalAwesomeness 3 weeks ago in playlist The Young Turks Show January 28 & 29, 2012
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if anyone is actually getting there news from this garbage of a channel, then you should probably read a credible source. this is plain garbage "young turks", yall need to go work for cnn, they would love your "journalism". disgraceful...
DanChac12 3 weeks ago
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No Jews can buy Ron Paul.
Stevie68000 3 weeks ago
Cenk needs to take his Taliban wife and kids and head back to Turkey. Introduce them to the Young Turks there and see what happens. You're such a miserable liberal.
chewykiz 3 weeks ago
Forced to take Bailout and made money off of it? How is that wrong?
chewykiz 3 weeks ago
The Federal Reserve is not the Government Cenko
IntoTheVoid96 3 weeks ago
Jamie Dimon saying that stating facts is like discriminating against banks is a lot like Christians saying that rejecting homophobia is discriminating against homophobic bigots.
thecryptqueen 3 weeks ago in playlist Uploaded videos
The fact Dimon and Corzine aren't jail for taking over 700 million from segregated customer funds is one of the most blatant examples of whats is wrong with the system. I would agree people shouldn't hate all politicians or bankers but Jamie Dimon is the poster boy of this type of lawless corruption.
thechild84 3 weeks ago in playlist Uploaded videos
@thechild84 Corzine is going to jail - count on it - because he actually committed MASSIVE fraud. In the case of JP Morgan they bought mortgages from originators that committed fraud on many of their clients (home owners and banks included). If anyone is guilty it's the mortgage originators... banks were just doing what they could to survive as the value of their mortgage collateral got slashed in half in about a years time. We're talking trillions wiped off their books, mate.
Relbl 3 weeks ago
7.7 trillion was loans through the discount window blame the fed
ajgolfer1 3 weeks ago
Eventually if the rich poor gap gets large enough for a long enough time bankers might become a different race
Hu4iX1n 3 weeks ago in playlist More videos from TheYoungTurks 29
@Hu4iX1n then can we hold a true holocaust purely on bankers? it'll make 99% of the ppl feel better, and spread the wealth more rightiously too.
lloydgar01 3 weeks ago
@Hu4iX1n then they can build ships and fly the fuck outa here.
PitBullsBiteHard 3 weeks ago
@Hu4iX1n yeah because they will be the only ones who can get medical care
SolidGoldKalashnikov 3 weeks ago
lets start lynching bankers
six4boiiii 3 weeks ago
Putting violent criminals in jail is discrimination against violent criminals.
I don't think he gets it. Banks are defined by their ACTIONS. They AREN'T a separate race or species.
TheNavigateur 3 weeks ago in playlist More videos from TheYoungTurks
jamie's first quote is completely right
imansfield28 3 weeks ago
@imansfield28 Saying that JP Morgan wasnt in that bad of shape is like saying he's the whore with the least amount of V.D.
joecoool100 3 weeks ago
You know what you are? You're a RABID anti-bankist!
clearcutter74 3 weeks ago
I think cenk sort of bended the facts here, Jamie criticized generalization, he did not say that JP Morgan was not involved.
MrGuanaesantonio 3 weeks ago in playlist Uploaded videos
@MrGuanaesantonio It doesn't matter! If your freaking company is one of the guilty banks you don't fucking get to say that you know what I mean?
DarkGlitchX 3 weeks ago in playlist Uploaded videos
@DarkGlitchX You do get to say whatever you want, not every banker is guilty for what others did, what Jamie said is that people automatically have come to assume bankers are evil, and while they predominantly are guilty not all of them are, he didn't denie JPmorgans guilt he just went against generalization.
cassiusmarcellusable 3 weeks ago
You know, discriminating banks is not RACISM. TYT just can't let the 'racsim" angle out if this. You Americans are so full of this. No wonder you have the highest gun related crimes in your nation. Just continue killing eachother off ok ? :)
Reporter40 3 weeks ago
@Reporter40 Ok.
:D
DarkGlitchX 3 weeks ago in playlist Uploaded videos
@DarkGlitchX At least you have a sense of humor. Respect :)
Reporter40 3 weeks ago
@TheYoungTurks hey guys, speaking of discrimination and racism... the Comedian Lee Camp has an awesome video about "why he's a racist". the idea behind it is that if corporations are people - then he (and i) are huge racists, we don't think "a group of people" deserve the same rights as us.
jamman9000 3 weeks ago
Isn't it wonderful at how shows like this always come out against discrimination and class warfare and then turn around and paint everyone above their income level as evil and greedy. This guy is just loud and simplistic. He's an entertainer, not an intellectual. Time to grow up.
medular 3 weeks ago
@medular If you watched the show more often that just this one video that you watched, you would know that Cenk and everyone on TYT has stated innumerable times that they aren't against people being rich, only the manipulative rich people. Do a little more research before you attempt to slam someone next time, ok?
DarkGlitchX 3 weeks ago in playlist Uploaded videos
@medular. TYT has never painted everyone above their income level as evil and greedy. They compliment Warren Buffett and Bill Gates because they earned their money. What TYT is against is big banks and corporations who earn their money by queationable means like buying politicians.
cne08 3 weeks ago 21
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Eleetnessful 3 weeks ago
@medular he's got a degree in law, and the female co-anchor has a degree in political science. he paints plenty of wealthy people in a positive light when they do things for the middle and low class. he paints them as bad guys when they try to further the income inequality. it's not hard to see when you watch the show.
smokydave 3 weeks ago
If idiots/corrupt assholes set up the system so you can get free money you would be an idiot not to take advantage of the situation. Of course the crying when people don't like it is pathetic, own up to it and say yeah i screwed you over cause your stupid.
Helghastl33t 3 weeks ago
His last name is Diamond...what a shocker.
ProductionMarx 3 weeks ago
I thought America's main argument against the left was that the state shouldn't have to look after people...but the banks take seven trillion dollars?...there is a whole circle in hell reserved for hypocrits....
Babs44sun 3 weeks ago
Gratz to TYT for selling your angle, but it's a line of BS that you bought from financial 'supermind' Dylan Ratigan... completely distorted and shows a complete lack of understanding of what the FED window is among other things. If you really wanna have a debate on finance then you REALLY gotta up your market IQ
Relbl 3 weeks ago
@Relbl Right! We are all Low IQ slack jaws here, not smart enough to understand that JP is a criminal bank, hellbent on screwing the public out of its tax money, all the while Molesting and Distorting the stock markets...what did I miss? Why dont you educate and thrill us all with your financial acumen.
joecoool100 3 weeks ago
@joecoool100 Well, when you don't know why they were forced to take the money, and you don't rationalize that if someone offers you free money to invest (as a business) you take it, then YA that is pretty low IQ. Also, when the main collateral for banks are mortgages, and the value of those mortgages gets cut in half, well... you have a pretty big gaping hole in the balance sheet. The FED window was a chance for the banks to stabilize the books while adding liquidity to the system
Relbl 3 weeks ago
@joecoool100 The FED is not run by tax dollars - it is a private company and does fairly well for itself. As far as public money that went to the banks it has all been paid back plus 15%. Only AIG and Frannie are still deliquent, and of those four AIG looks like the best bet to pay back in full. You could argue that flooding the market with liquidity distorted markets, but since MOST of it went into new short-term sovereign debt auctions then that's a silly interpretation.
Relbl 3 weeks ago
@Relbl and where exactly does the government gets the money it pays the FED to print the money they do ? Yeah, the FED is a private company but its ONLY customer is the US government. So how can you say the FED isn't tun by tax dollars ?
Razorwing67 3 weeks ago
@Razorwing67 Treasury prints money and coinage; the FED only operates and exists on computers and the FED's customers are banks. The FED is run by private dollars who's chairman and board is appointed by the president.
Relbl 3 weeks ago
@joecoool100 The one action that WAS distorting markets wass QE from the FED, but almost half of those expiries have passed and less than $2T from about $3.3T is still out there. Those actions pushed buyers out of American sovereign debt markets by eating up supply and shooting the yield down to record lows, but that has the positive side-effect of slashing federal govt borrowing costs making the enormous govt deficits (warranted or not) easier to 'afford' with lower interest rates
Relbl 3 weeks ago
@Relbl That was a very lucid and well thought out responce, now tell me Zen master..if all of this went to plan and everything is fine and the system worked the way it was designed except for AIG and Freddie then why is the entire American economy motrally wounded, why are there no jobs, since 1830 the middle class has been building wealth but not anymore, now its giant banks and the like, holding all the money. This country is finished and you know it. It was a nice story you wrote though.
joecoool100 3 weeks ago
@joecoool100 Nobody said everything is fine, but it's wrong to blame the banks. Banks didn't make employers fire 9m American workers in 12 months and only hire back 3m in 30 months. That's where the real pain is, that with pop growth and that net 6m jobs still lost, there are almost 13m people shit outta luck for work. Investors took their money out of America; you want someone to blame? Try nutbars telling investors to buy gold and guns instead of developing infrastructure! cont..
Relbl 3 weeks ago
@joecoool100 ..cont Try blaming ridiculous politics that has half your political system pandering to ultra-wealthy whereby real govt revenues (ie federal taxes) are at an all time low (14% of GDP) and govt hasn't the capability to support the people in need. Try blaming the douchebags who changed the laws in '99 that had the effect of turning mortgage originators into predatory loan-sharks. Try blaming market-makers or broker-dealers that kept pushing for more mortgage to be made.
Relbl 3 weeks ago
Oh, dah poor bankers! A persecuted minority! ROFL!
62netty 3 weeks ago
JP Morgan funded the building of the Titanic ship...must've been an omen.
BNPpatriot 3 weeks ago
JP morgan chase is insolvent.
MrGnarus 3 weeks ago
@MrGnarus So is america...google "National Debt Clock" and gaze in horror!
joecoool100 3 weeks ago
only hard core old european ppl say oiyoyoi
that's when you know they're upset......
iamLI3 3 weeks ago
Being rich isn't bad. Using wealth to keep a thumb firmly on the scales of social balance is.
"We are not attacking the corporations, but endeavoring to do away with any evil in them. We are not hostile to them; we are merely determined that they shall be so handled as to subserve the public good. We draw the line against misconduct, not against wealth." --Theodore Roosevelt
rocky19421 3 weeks ago 2
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Eleetnessful 3 weeks ago
$7.7 Trillion would give every man woman and child in the US over 24 grand...
Now THAT'S a fucking stimulus!
FUCK THIS BOUGHT SYSTEM!
OtakuRebel 3 weeks ago in playlist The Young Turks Show January 28 & 29, 2012 19
@OtakuRebel So dividing up $7.7 Trillion would give about half of the average annual income of Americans. And you wonder why people suggests wealth redistribution wouldn't work...
CRTtoVIP 3 weeks ago
ANOTHER TYT biased video. TYT..get a clue...when you distort a story like this, you hurt your credibility on real issues.
KiheiLawyer 3 weeks ago
I wonder who gets all those mortgages and what happens to all those loans if the banks allowed to fail...
Best case scenario, people keep and then fully own their house, and loans are dropped?
OtakuRebel 3 weeks ago in playlist The Young Turks Show January 28 & 29, 2012
It's worse than that. When JP Morgan got free money, they instantly leveraged that amount nine times.
fatouche99 3 weeks ago 2
Quick you are on the side of cliff holding a banker in your left hand and a lawyer in your right but you can only save one. Which one would you choose?
GamerMarino84 3 weeks ago
So here is the GOP delusions in a nutshell.
Money for education + Encourage children to eat health = Socialism
Money for corrupt banking system + No regulations on banks = A strong economy
The GOP is a joke.
Richardisdorky 3 weeks ago in playlist The Young Turks Show January 28 & 29, 2012 3
racialism isn't the only form of unfair blanket discrimination. There is sexism and a whole host of other kinds of unfair blanket discrimination but holding a grudge against people who are actually hurting you (in this case hurting you financially) is not unfair blanket discrimination!
TruthatCearcie 3 weeks ago 2
@TruthatCearcie Not all bankers are hurting you, if one asian person kills someone in your family, that doesn't mean that all asians should be held accountable, and even if 30 asians kill 30 of your family members, not all asians should be held accountable.
cassiusmarcellusable 3 weeks ago
@cassiusmarcellusable Banksters: Off with their heads!!!!!
contacter 3 weeks ago
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TruthatCearcie 3 weeks ago
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@cassiusmarcellusable That's an interesting comment, now if you would be so kind as to point out how this particular banker did not cause me any harm so I can stop discriminating against him and I will remove him from the list of individuals that have harmed me. I discriminate against all who harm me personally because I can prove from personal experience that they have harmed me. It isn't sane to treat people who have wronged you the same as people who help you or do nothing for or against you
TruthatCearcie 3 weeks ago
@joecoool100 Kinda like having the fire dept. burn your house down and then later send you a bill for the water. If a business is "too big to fail" then it is just too dog-gone big. Never thought in a million years I would actually see someone defend these criminal banks.
joecoool100 3 weeks ago
Dont forget the debt interest you incur for that loaned money. It costs you all to do it.
fantasy0coach 3 weeks ago
Taking money from the FED is not taking money from the government. It's different because of 2 things: 1) The FED is not a government agency. and 2) The money the FED gives to people is created from nothing but a demand for credit. Meaning that money did not exist until the FED entered it into an account.
hallavast 3 weeks ago in playlist Uploaded videos
@hallavast How comes that the Federal Reserve System (FRS or informally FED) is not a government agency ?! Go to Wikipedia and educate your self.
alejmora 3 weeks ago in playlist Uploaded videos 2
@hallavast Your forgot the part where the "Government" issues " Treasury Bonds" to cover all of that fake money.....Google "The Fractional Reserve Banking System" to get the entire picture.
joecoool100 3 weeks ago
Ummmm, JP paid back all the TARP money, that it didn't request, well ahead of time, and paid 1.1 billion in interest. Is Cenk a moron or a liar or both? I think both.
FactChecking101 3 weeks ago
@FactChecking101
i think you are the moron here. Give me 40 billion, and ill make around 1.5 billion in interest per quarter. And im not even a bank. after 1 quarter, i would be 400 million ahead of the game. Give it to me for 6 months, and im a billionaire, 1.9 billion net gain. Thats how it works, and if you watch the video again you see that Cenk actually understands this.... You dont.
kurtilein3 3 weeks ago
@kurtilein3 Really? You can earn 18% (compounded) annually in a market where I can borrow at 3%-5%? You must be a financial genius! JP didn't ask for the money and they paid it back with interest ahead of time. If you don't like the deal, complain to every Democrat you see, they controlled congress and Obama asked Bush for TARP.
FactChecking101 3 weeks ago
@FactChecking101 Dude are you real man?
berny88925 3 weeks ago
@FactChecking101
If you have 40 thousand, then 3-5% are realistic. With 40 million, its more like 6-10%. With 40 billion, you can do the Romney: Buy two companies that are in direct competition in a specific market segment. This adds their market shares, but you can restructure and fire 20- 30% of the work force. You withdraw assets from both companies, matching the expected decrease in expenditures by the decreased workforce. Then you sell it off.
kurtilein3 3 weeks ago
@kurtilein3 If you don't like the deal, complain to every Democrat you see, they controlled congress and Obama asked Bush for TARP.
FactChecking101 3 weeks ago
@FactChecking101 Or, you could initiate a lending scheme with the FED for an interest rate of near .01% deceitfully behind the scenes. Which in all actuality, is what Cenk's declaration is pertaining to. To the fact that JP Morgan has continued to gluttonously consume our tax dollars along with the other financial institutes. Surmounting to an amalgamated $7.7 trillion that are irreclaimable for the American people. "TARP" was the brain child of Henry Paulson. Not Obama.
DeFactoEdeal 3 weeks ago
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@DeFactoEdeal If you don't like the deal, complain to every Democrat you see, they controlled congress and Obama asked Bush for TARP.
FactChecking101 3 weeks ago
@FactChecking101
deutsche bank makes 25% revenue annually on cashflow in excellent years, for the big ones that are quite successful you can expect 20%. in my example i assume 15%.
How long did JP have the money? If it was a full year, they only need to beat 2,75% to make a profit on that deal.
kurtilein3 3 weeks ago
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@kurtilein3 If you don't like the deal, complain to every Democrat you see, they controlled congress and Obama asked Bush for TARP.
FactChecking101 3 weeks ago
@FactChecking101 Ummmm, your name implies that you should have your facts straight, but instead you make the fallacies like ad hominem attacks at the host, your agenda is clearm your name unearned. Are you a moron or a liar, or both?
TheDeaconSephiroth 3 weeks ago
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Eleetnessful 3 weeks ago
@Eleetnessful I would like to save at your bank. It's hard to get 900% annual interest now days.
FactChecking101 3 weeks ago
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Eleetnessful 3 weeks ago
The victim card is the new black.
oexnorth 3 weeks ago
And at the time, everyone was trying to obfuscate and only talk about the much smaller 700Bil through TARP...what a fuckin joke
Joseph565112 3 weeks ago
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To US Military :
Jewish bankers are robbing our country. The police are bribed to do their dirty work. Only the military can prevent the Jews from destroying our beloved country & people. Please come out & help us.
Stevie68000 3 weeks ago
When did "discriminate" become "racism". Is Cenk that stupid? Why, yes he is. Yes he is.
FactChecking101 3 weeks ago
@FactChecking101 I'm guessing he probably accosiated discrimination with racism because most people make that same connection,not because he is stupid.
Nanatsaya77 3 weeks ago
If Cenk is against TARP he should be with the Tea Party and Ron Paul. Everyone he currently supports was for TARP.
FactChecking101 3 weeks ago
They do believe that fuckin there Mother,or Sister is a super great hardon....
boolouwhatstrue2 3 weeks ago
Occupy is guilty of discrimination vs bankers? oh boy next they are gonna say that we live much better than they do with our cocktails and our little mansions. lol.
jamz3243 3 weeks ago
They didn't TAKE anything from the Fed...They were given that money, don't mix the two up
chrisknows 3 weeks ago
"sometimes they loan it back to us, the treasury department" - Cenk.
Funny how "you" are the state, Cenk. "You", I guess, are then responsible for bailing out banks and starting wars?
marekknowak 3 weeks ago
The United States of America really should just cease to exist, the experiment was a failure and trying to carry it forward just makes you all look stupid. Divide up the assets and break it up like a bad marriage.
wistoncap 3 weeks ago
@wistoncap lol easier said then done,who gets what? It end in a civil war
TheDeadhead76 3 weeks ago
@wistoncap
there are more good, hardworking people living in the US than corrupted dickheads
jumar1281 3 weeks ago
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darkwarriorkane 3 weeks ago
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@jumar1281 sadly the good people are mostly poor with no power lol
darkwarriorkane 3 weeks ago
Pro tip: Sue the government for discrimination due to tax rates.
Clanki 3 weeks ago 69
@Clanki You realize that works both ways, right? If the rich get taxed more, they can sue, too. Idiot.
cheeryouUPfred 3 weeks ago in playlist The Young Turks Show January 28 & 29, 2012
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Eleetnessful 3 weeks ago
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Eleetnessful 3 weeks ago
@cheeryouUPfred Pro tip 2: in my country I could sue you for calling me an idiot without evidence.
So please do stfu, realize the sarcasm and get smart.
Clanki 3 weeks ago
@Clanki 1) Plenty of evidence, 2) Thank goodness I don't live in your shit country
cheeryouUPfred 3 weeks ago
@cheeryouUPfred Why thank you very much.
Yes my country is such shit because we are actually arresting the bankers and charging them for crimes.
Has your country done the same? no?
Have your protests overthrown the government like ours have? no?
Who lives in the shit country now?
At least we get things DONE!
Clanki 3 weeks ago 10
@Clanki Wait, so where do you live? I forget out convo... surely you don't mean America
cheeryouUPfred 3 weeks ago
@cheeryouUPfred I do not live in America as in America they let criminals go. in my country they do not.
Clanki 3 weeks ago 12
@Clanki Right, so where you from...?
cheeryouUPfred 3 weeks ago
@cheeryouUPfred I am not going to tell you simply for the reason that I am certain you will try to throw racism or hatred at me or troll me.
I am not going to let you play some race card here nor a "we got a bigger population than you so we are better" crap.
Clanki 3 weeks ago
@Clanki Guy, I'm from Argentina, the biggest shithole in the world. I'm just curious.
cheeryouUPfred 3 weeks ago
@Clanki What wonderful country is that? Cause, heard from here, sounds like there's some 95-100% probability you're being deceived by your patriotism.
Tataveleduc 3 weeks ago
@Tataveleduc Don't worrie I have got NO patriotism for my country.
I hate it and I wan't to leave it but can't financially.
And it is Iceland.
Clanki 3 weeks ago
@Clanki HIS ENTIRE LIFE HE GOT AWAY WITH EXCUSES. EVEN AT BANK ONE HE GOT AWAY WITH A LOT OF STUFF. THIS LOSER HAS NEVER MADE AN HONEST BUCK IN HIS LIFE. AND YOU'RE RIGHT: WHEN HE MOUTHED OFF TO MR. SARKOZY HE SMACKED HIM UP. MR. DURBIN REPRIMANDS HIM TOO QUITE OFTEN.
JamieDimonsHairydck 2 weeks ago
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It's like saying, jailing murderers and theives is a form of discrimination.
underbjorn 3 weeks ago in playlist Uploaded videos
It's like if Hitler would say opposing Nazism is a form of dicrimination and then begin to cry.
.
Unbelievable, the upside down climate in the USA isn't limited to Christian fundamentalist cults and the U.S-Republican clownfest apparently.
underbjorn 3 weeks ago in playlist Uploaded videos
corporations are people too!
fluffykittynoodles 3 weeks ago
Elitist pigs.
edgeninja 3 weeks ago in playlist Uploaded videos