TYT: Cenk Dismantles Idiocy From CNBC's Santelli (& Michelle Bachman)

[ihavenobias]

Run time: 06:24 https://www.youtube.com/watch?v=eZkx6rZrshQ   Posted on YouTube: February 21, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 24, 2009 By DU Member: ihavenobias Views on DU: 3320

 


The , , , and Sam Stein of the Huffington Post () featured articles on how . As you can see, Cenk DOMINATED in these two industry polls asking who should get the MSNBC 10pm slot: and this .

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

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2)-

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5)-

PS---Hopefully you already joined the (and invited your FB friends to join). Now you can and then send an email to [e-mail] and let them know you want Cenk for the 10pm slot. And obviously you can use the article links to leave a positive comment in favor of TYT.

[OhioChick]

1. K&R

:kick:

[GinaMaria]

2. a swift kick for Santelli

I'm going to cross reference by linking to this in another thread on Santelli. Thanks for this.

[ihavenobias]

4. Oh, I completely forgot about that.

You know, you can post the link to your thread here. I'd add it to the message body but it's already cluttered.

:)

[GinaMaria]

6. Thanks I crosslinked both

Do you know how to contact Cenk? Would it be worth it to send to him?

[ihavenobias]

11. Well, that depends on how much you care about the story.

[e-mail]

He reads all the emails, but in addition to emailing you can also create a free account and put up a blog post at TYT.com. If you do, keep in mind that forum participation is very low relative to DU.

[GinaMaria]

5. Here's a GD link with more info

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5102005&mesg_id=5102005
It might be worth it to send this to Cenk.

[PM Martin]

3. All of those traders behind Mr. Santelli are to blame

for this crisis. They are the ones who bushed these horrid mortgages.
Perhaps it's time for a tax increase on those traders standing behind Mr. Santelli.

[ellenfl]

23. actually, i think those are commodities traders behind him

and i don't think they had much to do with the banks failing. however, judging by the responses, they are obviously compassionate conservatives. :sarcasm:

ellen fl

[libodem]

7. Cenk is a God-send of rational discussion

That freak waving at the traders, calling them the real people, has the effect of sending me into a kicking, screaming, hair pulling, psychotic-break. I get so pissed off that I can't think straight. Thanks for posting these for us, ihavenobias, it helps me to maintain my sanity.

[democracy1st]

17. I know where you're coming from its just another angry tantrum thats totally childish bs

[ProfessorPlum]

8. K&R

[pleah]

9. K&R

[20score]

10. I am getting more and more pissed off at these bastards who caused this, blaming the victims.

65% of the people forced into the sub-prime mortgages qualified for prime. They pushed this shit on the American public knowing it would work - knowing that it would create a bubble to off-set the tax cuts and so we wouldn't feel the effects of the Iraq War. Plus the huge short term profits. But these pieces of shit not only steal trillions, tank the world economy, they have the gall to blame victims, minorities, and the 'others.' They should all be in fucking jail.

[Turborama]

12. Yet another brilliantly articulated smack down n/t

:kick: & R

[ihavenobias]

14. Make sure you check out the Bachman smackdown at the top of the message body. TYT never posted it...

on YouTube, so not many people have seen it which is a shame.

[Turborama]

15. OK, will do. Thanks for heads up, I did miss it.

It is a shame they didn't post it on YouTube as I expect it would have had a lot of views...

[ihavenobias]

16. It's probably because it's so long.

But it's very much worth watching.

[ooglymoogly]

13. It's simple really. Wall st thinks any largess being handed out

should go into their pockets in bonuses and golden parachutes. Everybody else in these greedy minds are chumps to be fleeced.

[autorank]

18. k*r Back at them

Nice dismantling job Cenk. It's time for these corporate media tyipes to get hip. They're in a time warp.

People are clamoring for trials of the crooks and MSM is propping up the old message. Shows it's not about
popularity or ratings, it's about doing what you are told, period.

Excellent!

[Seldona]

19. K&R

I would have the give it to Bachman out of the two. What a loon. Cenk handed her her ass on a platter. lol

[mt13]

20. "let's give the plan a chance & see if it works"

amen

K&R

BTW, I loved the Michelle Bachman overture1 she is such a looneybird. she should just go away.

[Puppyjive]

21. Sacred Pigs at the Public Trough

Maybe we should all hope for GE to fail. These sacred pigs at the public trough don't get the fact that many people are losing their homes because they have lost their jobs. They weren't irresponsible. They lost their jobs because GE Capital pulled the plug on the industrial machine. Ge Capital invested heavily in the sub prime crap and got caught with their pants down. GE is not going down alone. They are taking everyone down with them. Mr. Santelli and their crew know that their jobs are going to be on the line soon. I wonder if they can pay for their mc mansions when they are on unemployment? Sure, were going to keep giving Wall Street our money so that we can watch it melt away. Do we look like a bunch of idiots? Hey Santelli, why don't you invest all of your money into GE? If you fools would admit your faults, you might get people investing again. Until then, you can kiss our American investments goodbye.

[navarth]

22. K & R

[edc]

24. Greed makes people blind and stupid

:dunce:

[Caretha]

25. I've watched this clip with Santelli

3 times now. It's a set up. I'm convinced it was staged. He had the speech/rant all worked out before hand. The small shot of the people immediately around him were primed & performed on cue. It was all theatrics. In other words, every bit of it was staged and the media/tv talking head doing the so called interview was in on it. Believe me, I know these things. I've been around stage/theatre and film a long long time, and I can detect stage & show.

Nothing but bread & circus' for tv junkies.

[slipslidingaway]

26. ihavenobias...Credit default swaps were not traded on the CME

posted this in another thread.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=385&topic_id=275848&mesg_id=275877

I was offended to hear Santelli lump everyone together and call them losers, some people did buy more than they could afford and lied when applying for a mortgage and others used the growing equity in their homes to live beyond their means.

Others are having problems because of an illness, a job loss or because they were lied to by a "professional."


But Begala needs to check his facts on Santelli's position on the bank bailout and the derivatives which are traded on the CME.

WH Press Secretary Gibbs made the same connection to derivatives that Begala did and implied that Santelli was for the bank bailout.

IMO they need to be more honest when arguing their position, although it seems they rely on people not knowing some of the facts.


http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20080924/RPARKINSON24

"Yesterday, U.S. Securities and Exchange Commission boss Christopher Cox turned up the pressure on over-the-counter derivatives, a massive, unregulated segment of financial markets that is increasingly being cast as a leading villain in the global credit crisis. Mr. Cox called on Congress to give the SEC power to regulate credit default swaps (CDSs) - a rapidly expanding class of derivatives that serves as a form of insurance against borrowers' defaults, but which have become prime suspects for market manipulation and risk mismanagement in the recent market meltdown.


"The $58-trillion (U.S.) notional market in credit default swaps - double the amount outstanding in 2006 - is regulated by no one. Neither the SEC nor any regulator has authority over the CDS market, even to require minimal disclosure to the market," Mr. Cox said in his testimony to the Senate banking committee. "I urge you to provide in statute the authority to regulate these products to enhance investor protection and ensure the operation of fair and orderly markets."


...But while OTC derivatives fall out of favour, there is evidence that investors are increasingly turning to their regulated cousins, exchange-traded derivatives - the public futures and options markets. That's good news for CME Group Inc., the publicly traded company that, through the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, is the world's biggest operator of regulated derivatives markets...



U.S. Regulator Approves CME Group Credit Swap Plan

http://www.bloomberg.com/apps/news?pid=20601087&sid=ac7omPNpWOYc&refer=home

"...A clearinghouse is part of U.S. efforts to oversee credit- default swap market after the contracts contributed to the demise of Bear Stearns Cos. and the government takeover of American International Group Inc. Banks, hedge funds and other investors currently negotiate credit-default swaps privately in the over-the-counter market..."

[slipslidingaway]

27. n/t

[malaise]

28. Kick n/t