House Finance Panels Rips Bankers 02/11/09

FUNNY! This clip is focused on Rep. Michael Capuano who rips into America's biggest bankers for all the risky investment vehicles they created and lost huge sums of money on. No mention if Mr. Capuano was involved in the de-regulation that led to the creation of those financial instruments. Do you know? Details please!

Executives from the financial institutions who received funds from the $700 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo.

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News & Politics

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• C-SPAN
• politics
• financial
• crisis
• Congress
• House
• panel
• hearing
• finance
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• committee
• Kenneth
• D.
• Lewis
• Bank
• of
• America
• Robert
• P.
• Kelly
• New
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• Mellon
• Vikram
• Pandit
• Citigroup
• Lloyd
• C.
• Blankfein
• Goldman
• Sachs
• Jamie
• Dimon
• JPMorgan
• Chase
• John
• J.
• Mack
• Morgan
• Stanley
• Ronald
• E.
• Logue
• State
• Street
• G.
• Stumpf
• Wells
• Fargo
• Michael
• Capuano

[911truthseekers]

AMERICANS WORKING HARD TO MAKE THE BANKS RICH, ISNT THIS SLAVERY?! Pls help expose the Zionist Bankers in Government that own the Federal Reserve and the Media!!! Masons and Skull and bones members, influenced by Aipac and Israel!

[Drexel2008]

Your not cleaning up shit, the taxpayers are, and half of it is government's fault- Barney Frank who's in the pocket of Fannie, Freddie, and the entire banking industry trying to play the role of forgiver

[NarcolepticDogstar]

@7700jb piss away off. your a fucking wall street WHORE.

[NarcolepticDogstar]

@wakesnowboard17 Oh yeah? And you do? Smug little prick.

[NarcolepticDogstar]

@anglesea2 Really? They are LENDING THE MONEY?? What fucking planet do you live on? Obviously you work for them or profit by these scumbags stealing our money and fucking making a loan to person A they KNOW will be defaulted on, then BETTING on this and making money on it and telling one investor to get out of a certain investment while telling others it's a good investment. Which is EXACTLY WHAT THEY DID. So your saying these are just total boy scouts right? Your a self righteous TWAT. Fuck off

[NarcolepticDogstar]

@silversobe I find it an ABSOLUTE MIND FUCK that there are chuckleheads who post shit on here blaming the people who took out (or got TAKEN) on the predatory loans, while these guys chose them HOPING they'd default, KNOWING they'd default, and BETTING HEAVILY that they'd default. I guess they think these guys are "businessmen" just "earning an honest buck". It's like EVERYONE FUCKING MISSED THE SCHOOL YEAR ON THE GREAT DEPRESSION AND NEW DEAL?? WTF!!?? How can there be Americans this retarded??

[NarcolepticDogstar]

@karldiesen Cuapano is a Jewish name??? And even if-- SFW? Are you telling me that there weren't WASPS WHO WERE NOT ON THE CRIMINAL SIDE OF THIS DERIVATIVE & CREDIT DEFAULT SWAP shell game? Cuz if you are you are a complete neanderthalic chucklehead whose better half was left in the primordial ooze his mother swam in to get pregnant. I hope that's not what your saying. Are you stoking up your ovens? Singing your Kristallnacht Carols? Why don't you get a clue & focus on the actual problem 4 once?

[NarcolepticDogstar]

@ELZ388 Really? Well I guess you didn't have your FUCKING IRA SWEPT TF AWAY BY THESE ASSHOLES AND THEN HAVE THEM REPAID WITH OUR MONEY, WHILE YOU RECOUPED NOTHING! FUCK AWAY OFF, propellerhead.

[NarcolepticDogstar]

@cml4456 Well, YOUR point of view is WRONG. Period. It just proves you don't know DICK about what your TALKING ABOUT because it is NOT that way AT ALL. PERIOD. Why don't you try fucking LOOKING INTO SOMETHING before you open your gob about it? EH? Maybe THAT would be a GOOD IDEA. They made these loans to people ON PURPOSE THEY WANTED THEM TO FAIL THEY BET AGAINST THEM. IT WAS COMPLETELY FUCKING CORRUPT. THEY LENT TO PEOPLE THEY HOPED WOULD DEFAULT. THEN WE ALL PAID FOR IT. SO STFU.

[cml4456]

From my point of view, it's like this... You couldn't afford that $300k house and you knew it. Then you default on that loan and bitch and blame these investment banks for your own idiocy. If you borrowed $100k from a loan shark and knew that if you didn't pay back, he'd kill you. You would not take the loan. SAME THING PEOPLE.

[seckermatt]

you don't want your money to make huge bonuses? bollocks.

[aronwilling]

0:35 The CEO does not know if his company has lent out money for credit default swaps?? Guess he's spent too much time looking smug to furnish himself with basic information such as 'for what purposes are our clients using the credit we lend them'.

It's not like credit default swaps amount to a small portion of their credit lending pie.