Naomi Klein Discusses Bank Bailouts on MSNBC

Naomi Klein discusses the mortgage crisis and bank bailouts on MSNBC with David Shuster. September 12, 2008

Category:

News & Politics

Tags:

• Naomi
• Klein
• Shock
• Doctrine
• Lehman
• Brothers
• Fannie
• Mae
• Freddie
• Mac
• Mortgage
• Crisis
• Bailouts
• Ownership
• Society

[j0hnwi11iams]

Market fundamentalists want to have their cake and eat it too. They want the government guarantees without the government oversight, and then when the whole thing comes crumbling down they want to rinse and repeat. ENOUGH.

[connielane]

Taxpayers are supporting the rich while the people suffer more and more every day! Those who do support and approve of the current administration must be the elite or the mentally disabled. And who are those who would vote for more of the same?

[CrowdPleeza]

Well as far as Fannie and Freddie Mac both have had executives sued by the SEC for fraud related to subprime loans. These are the first charges brought against people connected to the financial collapse.

[CircleBastiat]

@j0hnwi11iams

Market fundamentalism refers to unfettered laissez-faire capitalism. Fundamentalists by definition do not want government guarantees because it entails intervention. Therefore you just contradicted yourself.

Free markets didn't bring about the collapse either. One key attribute of a free market is an unregulated price that is allowed to fluctuate according to supply and demand. The price in the money market was arbitrarily held down by the FEDERAL RESERVE. Learn something.

[vince33x]

@rickbar123 So, if I'm to follow your logic, when the radio tells me there's been a wreck on the '405' it's not a fact. I think your "facts" are a little fractured my friend!

Beam me up Scotty!

[rickbar123]

@vince33x Your facts come from the radio. Thats not fact, thats agenda. Thats a fact.

Now I dare you to pick a page in her book and argue it. The problem is, reading a book forces you to think for your self. You dont want to think for your self. Beck wants to think for you, so you let him. You cant argue facts because you dont have any, all you have is Becks agenda.

[vince33x]

@johny344 Yea, idiots like Tavis Smiley on government-controlled TV (PBS) give this buffoon a forum because her baloney fits in with Obama's fantasy that the economic crunch was caused by "Wall Street Greed." It Wasn't! Primary culprits: CRA; Federal Reserve; Fannie & Freddie. And while Republicans bear some culpability, it was Democrats who passed the CRA & created Fannie & Freddie and blocked regulations supported by Republicans who wanted to reign in their buying of high risk mortgages!!!

[vince33x]

@rickbar123 Nice comeback! Why don't you try arguing with facts instead of name-calling. Typical Left-Wing moron!

[rickbar123]

@vince33x YEA SMALLER GOV. The Eggs will kill you, the spinch will kill you, the peanut butter will kill you, the Gulf is full of oil. SHRINK THAT GOV.

The Dem tried to block it, yet we dont see large numbers of black home owners defaulting do we ??? Lets face it ya bullshit RW fuck turn off the radio and read a book. Try Free Fall by Stigletz, you might learn something.

[vince33x]

This woman is an inveterate liar. The Bush administration tried to reign in Fannie & Freddie and Democrats Barney Frank, Chris Dodd, and Maxine Waters blocked Republican efforts to regulate these government created corporations.

Of course David Shuster doesn't have the "stones" to ask tough questions like: "If that's the case and this is Bush's fault why did Frank, Dodd, and Waters block Republican efforts to reign them in 2005?" Shuster and Klein, just shills for ever-expanding government!

[axe863]

@rorygallard7 Shes not a complexity economics. Hell she isn't even a mainstream economist. I haven't read her books but I heard a sufficient amount of her utter ignorance to make a fairly informed construction of her beliefs.