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Jon Stewart Disembowels SecTreas Geithner
Tim Geithner has been using voodoo economics to rationalize choosing the big banks over homeowners. (And his argument that it wasn't politically possible to do anything else is bunk, especially since the American people opposed bank bailouts from day one.)
Jon Stewart does a better job of challenging Geithner than any mainstream "reporter":
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I find that lately that Jon Stewart's just another shill akin to Alex Jones... Money talks...
Alex is another ballpark altogether.
Has a legimitate message about political corruption, corporatism, Globalization, bank corruption that's in dire need to be talked about on main street.
After seeing him on Pierz Morgan, go full psycho, my heart sank, he blew it.
He completely lost all hope of getting his message across to regular Americans.
I find myself wondering if he really isn't a shill, intentionally undermining legitimate concerns by making them look like the whacko conspiracy theories of a nut-job.
I felt the interview missed the point that "they' totally lied to the American people and sidestepped the fact "they" have made a farce out of the stock market. Also is missing how low interest rates have destroyed the value of those how did the right thing and saved. Geithner was given way to much respect and a forum he didn't deserve.
Stewart in his concern for people who bought houses they could not afford and used them as an ATM showed his stong leftist view of the economy, the loans should be written down was his answer. Geithner was also given a pass for the current sorry state of the economy and the uglyness before us.
For a long time I have been trying to develop a scenario for a market "super crash" and a reasonable map that would arrive at such a situation. Below is an article looking at how it could happen sooner rather than later.
http://brucewilds.blogspot.com/2013/01/flash-crash-on-steroids.html
I didn't watch beyond 1 minute, but presumed that Stewart did not "disembowel" Geithner, one his own tribe.
At best Stewart made that lying cheat slightly uncomfortable.
For all the reasons you listed and more, this "Tell Me Like I'm Five" moment was a lost opportunity to pin down this scumbag.
Stewart went as far as presenting a semblance of balance that he is an objectivist when he knows his only laughs are going to come from those on the left unless he atr least makes a meager attempt to appear unbiased.
I didn't watch it knowing that he's already cemented his rep to anyone who is the least bit objective about his political stance. At least Maher is no hypocrite. He's a flat out lefty whore and proud of it.
Knock off the hype, Tyler and change the word 'disembowel' to 'was slightly critical' or 'made some fun of'.
well said....also see: "funny slap on wrist"...."yukking it up"..and "guffaw"
also see: 99% of Stewarts audience is too dumb to understand ANYTHING about the Fed...finance....or investing in general....
there for "only a good laugh"....and not much else....what's on next honey???
Makes you wonder about Tyler sometime doesen't it? But who knows whats real these days, as people wake up the deceivers step up their deception game, its like a truth arms race. Finding a fuller truth is too time consuming for any one human to do. Imagine trying to do a billion piece jigsaw puzzle without he picture while deceivers are constantly changing the shape and images of the pieces, that's truthing these days. It's not easy, I don't even know if it's possible but I pick what looks like a few good pieces and extrapolate from there. I don't trust Geithner at all and am very wary of Stewart.
Something tells me that if I gave you $100 no strings attached, you'd still complain. People like you are fed by the self righteous feeling attained by stating that you are on the right side of an issue, and someone else is on the wrong side. Therefore it behooves you to make everyone appear to be on the "wrong" side of some issue.
The guy was telling Geithner that he is a liar that gave billions to the banks instead of allocating it to directly help the people, and you still complain. Whom do you feel is doing a good job of telling the truth? Give me a name worthy of your praise.
Fuck all of you (below). I realize that ANYONE that you see on TV is a shill. You don't get on TV unless you are willing to lie and sell out your fellow Americans. I wasn't saying that Jon Stewart is a good guy. I was simply stating that he was indeed sprinkling a bit of truth onto the lies that are pretty much everything Geithner says.
I'm stating this for clarity, not to agree with any of you, because you all seem to be fucking morons.
Controlled opposition, no more...none...don't try to find more meaning to it. You're the fucking moron
Ron Paul motherfucker....now go step on fucking ants bitch...otherwise I'll sicc Otto on you....and Sgt. Snorkel as well....
Ron Paul? What are you talking about? You whine like a little girl. Go cry in a fuckin corner.
You confirm your lack of intelligence by even questioning Paul's honesty.....
So fuck off....debating cunts like you is folly.....
I just bet you are;
some fucking troll, sent in by the douchbag left, that puts a Framer as an avatar, but is so fucking far FROM the Framers mind set you'd need Scotty and Warp-fucking Speed for a day to find "balance"...lol...cunt...
so again.....with aplomb.....fuck the FUCK...off
LOL...what cunt you must be...
OK motherfucker....name ME one person that tells the truth...go on...
come on..tough guy keyboard cowboy...go troll on Newser or some panty-waist liberal douche rag
Something tells me you need to change the name "balanced" in your moniker. Keep your $100. A name worthy of praise? Von Mises (isn't that strange, another Jewish hero I have)
What does the fact that Mises is Jewish have to do with this conversation? And how is stating that Stewart, a guy that I don't like was at least saying something that I agree with, being unbalanced? Do you even know what the word means?
Something tells me all your measures of success and happiness comes from money and nothing else. Try Chris Hedges, rather than a corporate owned media shill like Jon <insert fake last name here>
Whatever is telling you about my measures of success couldn't be more wrong.
Then why would you assume pawning off your zionist confetti narcobux on a complete stranger would make them happy?
Holy Cow, you COMPLETELY missed his point.
What could have been done is this:
Take the 900billion of bailouts, divide it into 20 parts.
Use that to fund 20 new regional banks in the USA. Leveraged 11:1 that results in a new credit influx of 10 trillion dollars. Get those boring Midwest USA bankers from small towns to run them.
Take all the extant banks, give them 6 months to declare all off balance sheet derivatives, dark pools, SIVs, etc. If BOA goes under, then it goes under. Use the money to make depositors whole, move them to the new chartered banks.
Jail everyone at all the old banks from C-level on up. Clawback and seize all of their assets. Forbid them all from ever doing any financial business for life.
That would have allowed credit to flow, no crippling Depression, and moral hazard would have stopped.
There *WERE* alternatives - just not ones that let TPTB keep their goodies.
Leracontuer,
That's the most sensible & constructive comment on this blog, completely agree on the notion of balancing the scales for regionals.
It's an elegant fiat money solution but how do you expect the crooks who encourage and run fiat ponzi's to do that? There has to be goodwill for all to do that, elitists have goodwill for elitists, the rest are just cattle who sometimes get ornery.
I hope you don't mind if I plagiarize this all too common sensible solution and use it from time to time.
Will credit "LeRaconteur at ZH" with succinctly portraying a solution that would have settled once for all who is really running this country.
Give credit to the folks at Ticker Forum and Denninger.
Stewart and Geither both deserve tar and feathers. First things first!
Big hullabaloo over a meaningless garble of an interview. All the while the debt super cycle - 5+ decades long and ongoing - continues.
After listening to all 5 segments, I feel beat up and spent. Geithner at the end had to conceed at least partially, that they saved the panet but killed (most of) the people doing it. His reasoning is that if he didn't save the banks, the global economy would have collapsed for decades taking with it the beleagered homeowners. John Stewart says the goverment could have saved the economy and the homeowners in equal measure, it wasn't one or the other. Geithner's excuse for not doing more directly for the homeowners is that they were constrained by Congress, by statute, by other things. And Stewart just doesn't buy that. The disagreements started from there and went on for almost an hour non-stop.
I am no amature when it comes to understanding what exactly happened during the crisis. And it's pretty clear Geithner absolutely believes what he says. It's not for show. I think he's trying to assuage himself of some guilt he feels for not sounding the alarm on the financial system before it was too late. But in the end, he went along to get along and did what Paulson, Sommers, et al said to do. Does he know better? After watching the Daily Show interview, I think he does. And no matter how much money Geithner makes from now until he dies, he will know that when it counted he drank the bail-the-banks-(and GM and Ford and AIG) out-only cool aid.
And it's pretty clear Geithner absolutely believes what he says.
SOME of what he says. Several times Stewart backs him down! And if Stewart knew a little more what he was talking about, and they widened things beyond TARP, it would have been sharper.
Agree about Stewart's somewhat limited references although he may have been thinking abut the audience's ability to follow the conversation.
Geithner was a tax cheating creep, this we should not forget. Now he is rich and getting far to much respect. Character defines a man and in the measure Geithner is found lacking! The interview left me feeling dirty.
It leaves you feeling dirty because you, deep down, know you're being lied to by an ex gov't official. Geithner is a lying piece of shit, no two ways about it. He will face the people one day once the banks start falling, because as they fall the execs will start thrashing and throwing all politicos under the bus.
Geithner is a complete fool if he thinks he can go through the rest of his life without the truth coming out. OJ Simpson comes to mind. Narcissistic sociopaths always are short sighted when it comes to consequences.
Agreed. Geithners' a MOTHERFUCKING DOUCHEBAG...WORTHY OF BEING MASS PISSED, SHIT ON, FARTED ON, AND SLICED TO RIBBONS BY A STEROIDED WEED WHACKER.......TWICE....
Strange. A quick Google search doesn't turn up ANYTHING regarding Jon Stewart showing outrage at TARP during its passage and the subsequent shitstorm it caused in 2008. All I can find is him fawning over Elizabeth Warren as she whispered sweet bullshit into his ears in mid-2009. I'm also pretty sure he made fun of the people who were protesting outside AIG when they were bailed out.
Certainly Stewart isn't just a media whore looking for attention from his liberal viewers, is he? Afterall, Stewart and Geithner had a one-on-one meeting with each other in 2010 in Mr. Stewart's office(not recorded for broadcast, of course).
good post Sticky....and you right...Stewart said shit about nothing back then....fuckin hack.
It kills me when people say his "show".....is more truthful than the MSM news....
oh yeah ...motherfuckers.....
Stewarts......"show"....is a rear view ez look-back pummel of events to amuse people.....even farther than the fucked up MSM........."news"....
Good for a couple of laughs...and that's it...
Kind of like a bar fly "Balanced" would go for....without the smoky bar and fizzy drinks
You've nailed Stewart as Tyler did not.
Purely a media whore.
That is about the time I stopped watching his show and never looked back.
Same here. After Barry won Stewart lost his funny. You can even flip back and forth around shows before and after Barry and see they're throwing their punches for Barry while they let Shrub Jr. have it with both barrels blasting.
Fuck Stewart.
Wasn't congress controlled by the dems during the crisis? Timmy is talking like there was a congress that was hostile to Obama, and I seem to recall otherwise.
In fairness, Boehner wept on the floor, begging congress to pass the bailouts.
It doesn't matter. Timmy is just dragging the distraction of politics into the debate to try and deflect.
Both parties have, and will, vote to support their cronies in banking and the corporatocracy while screwing constituents.
No authority or resources to help constituents, or citizens, but trillions immediately available for the banksters and their crony politicians.
Rot in HELL you worthless bags of flesh!
Hang 'em high.
This was a near meaningless exchange. Anyone who thinks they were informed by this discussion is foolish. Unfortunately, many younger hipsters (according to some polls) actually go to the Jon Stewart Show for information. Doing so is similar to learning history from a Hollywood movie - but for certain age groups Stewart's show is where they go. Geithner was not "disembowled." He wasn't allowed to talk. Nor is the show, itself, long enough to allow for a explanation of what actually went on. And it would take listening to the entire explanation and considering what was said before beginning to be able to put it together - not quality most Americans are capable of.
First, I don't buy Geithners explanation.
Second, I find it regrettable that a comedy show asks more penetrating questions than anyone else in media.
Third, my preference would be to see both Geithner and Steward swinging from a lamppost.
Fourth, I don't need Geithner, or Steward, to explain to me what happened. I watched it, endured it and am still living with it.
There was an argument made back in early 2009 that the goobermint should give every taxpayer $100,000 with the requirement that they buy a new car, take a vacation in some othe state, and install solar panels. Total cost would have been $11 trillion. With all the bail-outs and FED action we've spent about $40 trillion. If we'd done the proposal we'd have a reinvorated economy instead we bailed out banks with nothing to show for it.
In 2009, $11 Trillion was a shocking number...then we find out that in 2010 the FED gave european banks $16 Trillion of our money.
Geithner and Paulson should be shot on sight at any handy venue.
That was my thinking too. Then a picture of a grassy knoll popped in to my head.
Your comment is so true. It is amazing to me how many people believe jon stewart can do no wrong. To me he is nothing more than a salesman/gatekeeper for the left. The right/left paradigm is a sham. True the right provides more material for him but in the end both are fronts for the oligarchy that rules. Forget voting at the booth- vote with your dollars. No one should support Apple or GE, GMOs and a host of others. Decentralize- support local businesses and small farmers. Close your facebook account and interact with people not post. Resist, refuse, and renounce the status quo.
Bullshit! Stewart exposed geithner for the fraud, charlatan and lapdog for Wall Street that he is.
"Exposed"???
Maybe lifted his skirts a little. But that's all.
Wow, you live in a weird bubble.
People are particularly good at remembering images, even fake ones. This is how the American people learned history, John Wayne style. Anyone who John Wayne fought against was just downright un-American. Be they Indians, Mexicans, Vietnamese, or Japanese, John Wayne killed them all.