Wall Street's Naked Swindle - PT. 3/3

Taibbi at the end is so wrong when he says the FDIC was good. All the FDIC does is create a moral hazard because it gives all banks a window to a bailout from the taxpayer so therefore all banks become casinos. Wouldnt you gamble to make your options go up as a ceo if you knew its heads you win, tails the taxpayer loses. All these regulations dont work. The only regulation that works is a free market. The bad banks must collapse. Then assets will flow to the good banks like they should.

Barney frank is a brilliant man?????? The guy destroyed the system by not wanting to regulate fannie mae and by forcing banks to make loans to deadbeats. Is this guy fu#$in serious?????? In the beginning of the interview he says he doesn't know much about this financial mess yet says barney frank is brilliant. Its no wonder air america is bankrupt. Taibbi knows what hes talking about but this other guy is pathetic. B. Frank is reponsible for a lot of these problems today.

maybe Pelousy put Frank on a leash