Joseph Stiglitz Breaks Down Economic Problem In Simple Terms

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[thomasucc]

because everyone would lose their saving and pensions if the banking system fails. Which is worse having a corrupt banking system or no banking system

[jabberwolf]

Cenk Uygur = MOST RETARDED fucktard on planet.

We put in the loans - They HAD crappy assets, they wouldnt NEED loans unless they had crappy assets- STUPID.

Most businesses that took TARP and have/are paying them back.

The ones that took the most TARP and paid NOTHING back - in face they asked for more. We became partners with as well and now have a vested interest n 4+ TRILLION in bad assets. Guess who = FANNIE AND FREEDDIE !!

So why blame Wallstreet who at least pays things back?

[DJSardaukar]

Joseph Stiglitz is a fucking moron who doesn't know his ass from a fucking hole in the ground!!!

[blueboyblue]

If I could speak with President Obama, my advise would be, either become a Warrior, relative to domestic policies, or get ready for war. The cards are so horrible stacked against the American people, that force, though hopefully not armed force, is the only way to get the government back on track. As long as we allow the greed and corruption, it will go on. The only way to stop it is by extreme force. Though again, I hope that doesn't come to military force, but if it must, it must.

[blueboyblue]

The problem is that every federal agency has become a shill of the corporation. The SEC doesn't protect investors, it act as an agent to protect the investment firms. The FDA are agents for the Pharmaceutical companies. The FTC in the pocket so corporations. FCC agents for big telecommunications companies. BTA is knowingly allowing arm to be sent to Mexico, so they are not protecting out national interests at all. Congress is corrupted. The President is powerless, or gutless. Who represents ME?

[Darksokta]

People the crash that happen was perdicted along time ago people rised red flag they we told to shut up and that they didnt know what they were talking about. Quess what they were right it happened. They also said this was just the start agian you see that happening as time goes on. The start of this goes well past the bush era it spans dem and rep presidents. You have more and more insiders saying we are in trouble but yet it seems you dont hear about it or they are blown off. Wake up peeps

[SirWinstonChurchill]

Hosni Mubarak = MuBarak Obama

They have a lot in common...

[selfrealizedexile]

@normalais

If you rely on gov't to protect the environment, you can bet the house the regulatory committee will be bought out by the regulated corporations. Gov't only grants monopolies to those who can grease its palms. It is a wolf in sheep's clothing. Wake up; look around you. All that has happened happened under gov't's watch. You think that was an accident?

[selfrealizedexile]

@normalais

I encourage you to look more into Ron Paul, particularly what he would substitute for EPA regulations. He isn't a BP sell out.  The market can protect the environment if private property rights are enforced.

"Free Market Environmentalism"

watch?v=XMxgYY_q-AI

[selfrealizedexile]

inevitably happen anyways. But, what do you think the big banks want (who've donated hundreds of millions to politicians)--to go under or have society suffer the losses while they stay rich? And what did end up happening? It should be readily apparent who owns our gov't.

Writing something on a piece of paper doesn't change the Laws of Nature. What a horrible world we'd live in if that were possible.

November 2010 and 2012 can't come sooner.