Thom Hartmann: Rep Dennis Kucinich Explains LIBOR

[thomhartmann]

Congressman Dennis Kucinich (D-OH, 10th District) joins Thom Hartmann. Why should Americans be concerned about the LIBOR scandal?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[rhett o rick]

1. Dang Kucinich is causing trouble again.

if needed.

[Plucketeer]

2. Yeah, I HATE IT

when someone explains to me how I'm getting fu*ked! I'd rather be blissfully ignorant - imagine Mitt in Dennis' place! Everything would be FINE.

[rhett o rick]

4. That's the attitude of most Republicans I know. They dont want to discuss anything

passed their initial talking points. If you respond to them, they stick their fingers in their ears and start "la la la" very loud. If ignorance is bliss, Republicans must be very happy.

In no way am I trying to imply you are a Republican. I recognized your sarcasm.

[Plucketeer]

6. Yeah, I figured you were hep enough

to realize I was poking fun at the Rethugs.

[Larry Ogg]

3. When it comes to human caused disasters such as war, and global warming, etc.

I think nothing could top the devastating effects of criminal empires, spawned by privately owned banks.

It's all about profit at any cost, and when you get to the core of things like war, and global warming, the cause is criminal greed and profit at any cost.

[sabrina 1]

5. This scandal is so big and with so many entities colluding with it the question is, who can be

trusted to even begin to start investigating it?

Eg, were pension funds interest rates lowered to cover, and profit for the Banks and if so, how much was lost to those people?

And as Kucinich mentioned, municipalities whose investments may have had their interest rates lowered causing huge losses across the country to so many ordinary people?

From what I've read so far, this scandal involves trillions of dollars, not billions, but trillions. So where did it all go?

And the most criminal aspect of all of it is how they are trying to make the people pay even more for their criminal gambling with their Austerity programs, and their 'share the sacrifice' garbage.

I doubt the world has ever seen a bigger crime in terms of the sheer vastness of it, and the numbers of people involved, which we do not even know yet. As one analyst said, 'everyone's pocket has been picked'.

Municipalities already were cheated out of so much money through the Mortgage scandal when the Banks set up their own recording system, cheating towns out of fees for registering the sale of homes. They haven't even started to try to recoup that money yet, and now there is this. I wonder what else we don't know?

I wish we had two hundred or more people like Kucinich in Congress. None of this would have been possible if we had people who were not beholden to Global Corps for their seats in Congress.