TYT: Do You Agree w/ Fox Business, The WSJ & Hank Paulson?

[ihavenobias]

Run time: 04:24 https://www.youtube.com/watch?v=iP9b6a2jl8g   Posted on YouTube: March 31, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 01, 2009 By DU Member: ihavenobias Views on DU: 1630

 

Also, Check Out These 5 Clips You May Have Missed:

1)-

2)-

3)-

4)-

5)-

PS---There are Also, you can Download the first hour of The Young Turks (M-F) free on Itunes.

[girl gone mad]

1. Great question!

Who would you rather be in a room with?

Geithner, Paulson, Fox Business and the editorial board of the WSJ or a group of brilliant economists?

[OhioChick]

2. K&R

:kick:

[theFrankFactor]

3. Kickiddy! Reciddy!

LISTEN TO MY STUPID SHOW!
http://media.switchpod.com/users/jd/TheFrankFactorShow12033009.mp3

[lonestarnot]

4. Hell yeah! K & R!!!!!!!!!!!!!!!!!!!! Fuck you Faux Snooze! WSJ! Wallstreet! Banks!

And you too Geithner and Paulson!

[libodem]

5. As painful as it is depressing

Feels like when I was a kid knowing I had to take a beating.

[Mithreal]

6. K&R Being middle class was too much pressure anyway.

Our children, grand children, and great grand children are going to be pissed when they find out how much we spent on rewarding failure of the big banks and gamblers.

[pam4water]

9. Don't worry if thing keep going they way they are now. You won't be alive to see them. J/K

[cooolandrew]

7. Cenk does tend to be right that's the worrying part. We can only hope for the best really. n/t

[navarth]

8. K & R I hope Cenk is wrong, but I'm afraid he might be right. eom

[ihavenobias]

17. Exactly. n/t

[pam4water]

10. Yeah I agree though it depresses me to. K&R

[autorank]

11. Geithner on derivatives in 2007 - The system "should be more stable"

"Calm Before the Storm," New York Times Feb 9, 2007[/b>

If ever a market required creative thinking, the credit derivative market is it.

We’ve seen substantial change in the financial system, with the emergence of a very large universe of leveraged private funds, rapid growth in exposures to more complicated and less liquid financial instruments, all during a period of very low volatility,” said Mr. Geithner in an interview in his elegant office in Lower Manhattan. “This means we know less about market dynamics in conditions of stress."

Credit derivatives are intended to reduce risk by spreading it out to as many parties as possible. That is generally considered desirable. Yet the size of the market, the lack of a history with such investments during financial stress and the worry that the clearing mechanism — the plumbing of the system — will function when the markets hit the skids are red flags for people in the business who know how quickly the spigot can turn off.

"The fact that the banks are stronger and risk is spread more broadly should make the system more stable,” Mr. Geithner said. "We can’t know that with certainty though. We’ll have a test of that when things next threaten to fall apart."

Well, there was a test and the system not only "threatened to fall apart," it totally collapsed.

[pleah]

12. K&R

[ejbr]

13. K & R n/t

[Kajsa]

14. This is very unsettling,

Faux Noise likes Geiger as does Wall Street?

That makes me very,very nervous.

We want someone who will confront those two entities,
not enable them.

:kick: and R.

[matthewf]

15. k&r

[progressoid]

16. STFU Cenk! You Obama hater!

:sarcasm:

k/r