Super Pissed Congressman, Michael Capuano, to bank CEOs: "America doesn't trust you anymore!"

[Turborama]

Run time: 05:29 https://www.youtube.com/watch?v=1cWE6jgPKUw   Posted on YouTube: February 11, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 11, 2009 By DU Member: Turborama Views on DU: 2428

 
This guy gives a good pummelling throughout...

[Donnachaidh]

1. we gave him a standing O when he finished

GREAT telling those bastards off. Then he was followed by pissypants McHenry. :puke:

[PA Democrat]

2. K & R

I think he was channeling My Cousin Vinny at one part of his speech. I never heard of Congressman Michael Capuano until today. Thanks for posting.

[Gormy Cuss]

6. He's from Somerville, MA

and sounds like it. It's historically a tough blue collar town with few who suffer fools gladly.

[MUAD_DIB]

19. Yup. He's my congresscritter! Good for him.

[napi21]

3. He did a fantastic job! I didn't know who he was but I heard him and

am proud of him for telling it like it is!

[grannie4peace]

4. yup- he was brilliant

[AndyA]

5. The banks that those men run are today - right now - raising interest rates on credit cards for good

customers. Not late paying customers. Not those who are behind on their payments, or over their limits, or those with any credit problems.

But their good, on time paying customers.

More abuse of the American people by these very same banks. It needs to stop!

[Confusious]

7. You know

People who are mad, and have a chicago or new york accent, sound extra mad.

[Donnachaidh]

8. uhhh, no.

Not really. :eyes:

[DUlover2909]

9. LOL, "Find him. Fire him!"

[indimuse]

10. BRAVO!!!

K&R!!!!!!!!!!!!!!!!!!!!

[MADem]

11. Somerville's Finest!! Bravo, Mike! NT

[martymar64]

12. He's a keeper

Maybe there's some bigger things in store for him in the future. I hope so, he's one of the good ones.

[90-percent]

13. Awesome

No posturing posing or maneuvering.

Just a pissed off rep with the balls and anger to scold these pigs like school children. School children that may have committed serious decades-in-jail crimes during the republican dereg orgy of the last eight years.

You guys shoulda listened to your instincts during your plunder. Yes, your instincts were correct. What you were doing was fucking illegal!

-90% jimmy

[Fire1]

14. I'm not one of his consituents, but I'm going to e-mail a big

'Thank you' to this congressman. Well done, congressman, well done.

[ihavenobias]

15. K & R

Good find.

[Lil Missy]

16. Good one! K&R

[FLAprogressive]

17. hate to pee in everyone's wheaties but he enabled this. Voted FOR the bailout.

[Turborama]

18. Maybe he has a good reason to be super pissed with them, in that case?

Apparently he thought that voting for the bailout was doing the right thing but these fuckers have proved him wrong.

-- ---- ---

Capuano: Bailout vote my toughest yet

By George P. Hassett

US Rep. Michael E. Capuano, D-Somerville, said his office got nearly 1,000 phone calls last week from constituents concerned about Congress' estimated $700 billion economic bailout package.

Sentiment was mixed, he said: roughly 60 percent of callers “flat out said no,” while 40 percent “accepted the notion that something had to be done.”

Opinion was mixed on the street in Somerville too. Most people asked about the bailout by The Somerville News this week said they didn't like it.

“The fat cats played the game. Let them cover their losses,” said one man, who would not give his name, on Broadway Monday.

Others, however, said action was required. “The rich never suffer,” said John Kiparsky, 35, of Somerville. “If nothing was done, the people at the banks would probably end up okay” while everyone else paid the price, he said.

Capuano's vote supporting what could become the most expensive government intervention in history was “by far the most difficult” one he cast in his five terms in Congress, he said.

Twice he voted to approve a bailout - on Sept. 29 when it failed and on Friday when it passed and was signed into law.

“In the final analysis, I supported this package because I am convinced that the risk to our economy is just too great,” he said in a statement. “For me, it came down to balancing the risk of voting yes and saving the economy for all Americans while incurring a potential cost to taxpayers versus the risk of voting no and watching the world economy collapse. I took what I thought was a smaller risk for my average constituent.”

The bill had many provisions he didn't like, he said (“Oversight could be stronger” and a provision allowing bankruptcy judges the power to modify troubled borrowers' mortgages didn't make it in) but if it wasn't passed, he believed the consequences would have been dire.

“I am just not willing to risk putting the jobs, pensions and 401(K) plans of hard working Americans on the line while we wait for a better bill,” he said.

In an interview with The Somerville News, Capuano said there is enough blame to go around. “In the final analysis, we're all to blame,” he said. “I can even blame Congress, the previous administration and the American public.”

Capuano did say, however, that “unfettered human greed” has peaked during the Bush administration.

Alderman-at-Large William A. White said if the package had not been approved, the nation could have been plunged into a depression and cities such as Somerville would find themselves in trouble.

“In Somerville we need commercial development to ease the burden on taxpayers. If we had a depression, you wouldn't see development in Assembly Square,” he said.

Capuano said when Congress returns to work in January he plans to push for a “long overdue” overhaul of the nation's financial system that would include adding regulation to individuals and insurance companies involved in the stock market.

From: http://somervillenews.typepad.com/the_somerville_news/2008/10/capuano-bailout.html

[DCKit]

21. He acted in good faith on behalf of the entire country, despite his reservations...

and they, as is their nature, took full advantage. I'm among the hundreds of thousands whose CC rates they're trying to jack - from 12.85% to prime + 17.99%, at the same time they're borrowing at <1% from U.S.. Nothing like making a 20% (or better) profit by borrowing from the same people you're screwing.

The country is in crisis and they're acting as if it's yet another opportunity to make a financial killing and maintain the lifestyle they've become accustomed to. This shit has got to stop, but won't, until they've been slapped down so hard they have no further illusions about who's in charge.

Congress has a lot to answer for, but this kind of behavoir from corporations is not only unacceptable, but it's not good for their companies, shareholders or the country. A successful parasite knows when to quit feeding. These leeches don't have a clue.

[wryter2000]

20. Wow. Just wow.

I've never heard of this guy. How long has he been around? We need to put him in charge of things.

:applause: