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TYT interviews Michael Schlachter about PIP and TALF, Geithner rip-offs

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ProfessorPlum Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-08-10 02:39 PM
Original message
TYT interviews Michael Schlachter about PIP and TALF, Geithner rip-offs
 
Run time: 19:24
https://www.youtube.com/watch?v=SQ-gKxCk4dA
 
Posted on YouTube: January 07, 2010
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: January 08, 2010
By DU Member: ProfessorPlum
Views on DU: 458
 
I'm not sure what to make of this interview. It seems clear that in Schlachter's article, he rips on banks from profiting from their fraudulent assets twice, and Cenk expected him to be down on Geithner for structuring the bailouts in such a way to allow them to do that. They come back to the article at the end of the interview.

On the other hand, throughout the bulk of the interview, Cenk keeps trying to steer the guy toward admitting that the US taxpayer has been taken on an enormous ride based on the way this largess was doled out with essentially no strings and little benefit to taxpayers. Schlachter, who seems to be a corporate man, keeps apologizing for Geithner's actions in exactly the same way as we've heard before: "but everyone was saying this was a big crisis".

This is the core of the Shock Doctrine. Talk up a big crisis, about how the rich absolutely need to steal public money. After the theft, keep talking about how "scary" the fearmongering at the time was, to cover your tracks.

I'm with Cenk on this one. The banks via their government toadies hosed us. And this guy is abetting the theft of public money into private pockets.
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ihavenobias Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-08-10 02:42 PM
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1. You pretty much summed up what I thought of the interview.
Good SD reference BTW.

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