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Jon Stewart Disembowels SecTreas Geithner

George Washington's picture




 

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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Sat, 05/24/2014 - 01:13 | 4790672 TrustbutVerify
TrustbutVerify's picture

You reiterate my point.  

Fri, 05/23/2014 - 22:34 | 4790446 MrSteve
MrSteve's picture

Click on Printer-Friendly Version and the obstructions go away, works every time.

Fri, 05/23/2014 - 19:55 | 4790105 medium giraffe
medium giraffe's picture
"Jon Stewart Disembowels SecTreas Geithner"

Saw the headline.

Took it literally.

Clicked...

Disappointed.

 

Sat, 05/24/2014 - 03:59 | 4790830 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

is it bad that i usually skip the article, read the comments, and then make a decision as to whether or not ill read the article?

anyway thanks for saving me the 10 minutes or so of listening to two people i hate have a disingenuous conversation. i used to kind of like the daily show, then ron paul woke me up, along with ZH. i cant watch anything mainstream anymore without throwing up in my mouth a little, but that could be a side effect of keeping my BAC constantly above .08. 

Sat, 05/24/2014 - 14:25 | 4791493 medium giraffe
medium giraffe's picture

Nah, you missed nothing, not so much as a bruise.  High BAC is a healthy response when you start poking around in the cesspool.  I found reading Quigley convinced me of the positive benefits of sniffing petrol.  Don't worry about the vomit, you'll probably run out before long. 

Fri, 05/23/2014 - 22:55 | 4790486 assistedliving
assistedliving's picture

thank goodness it was Geithner at Treasury and not someone from this board.  F&%K but you cud

feel the pressure of Blankfein on the phone screaming at Timmy "Gimme moar."  What wud u do?

Geithner camre across far better than i cud imagine

Sat, 05/24/2014 - 10:17 | 4791109 nope-1004
nope-1004's picture

Geithner is a lying tax cheat.  He is a bank whore of the highest order, showing allegiance to his banking buddies by using public funds to plug the bankruptcy hole.  Geithner belongs in prison.  Geithner is a professional nothing, and one of the biggest losers to ever take on a federal position.  Tim Geithner is incompetent so he has to lie to cover up.  Dumb people are not good actors, and this guy is one hell of a dummy.

 

Sat, 05/24/2014 - 00:44 | 4790641 Savyindallas
Savyindallas's picture

Where are these trolls supporting geithner coming from? Stewart destroyed geither  -exposed him as the fool and charlatan that he is.

Fri, 05/23/2014 - 21:17 | 4790251 the grateful un...
the grateful unemployed's picture

he's lost his edge, i saw his take on the kidnapped nigerian schoolgirls, it could be obama propaganda. i said once jon stewart is the walter cronkite of milenial TV, but cronkite wasn't always spot on. neither was rather. it just reminds you where they work and who pays their bills.

Fri, 05/23/2014 - 19:46 | 4790092 I Write Code
I Write Code's picture

Remarkable but I agree - Jon Stewart did a pretty good job, and made Timmy lie.

Actually, even Timmy seems to have been telling more truth than I expected.

However, they were talking mostly about TARP, which overall ended up pretty much harmless, while all the Fed actions including QE are pretty much a separate topic - and much, much worse.  Also horrible and something of the Treasury (secretary's) business are the trillion dollar fiscal deficits that have been built into the baseline, not mentioned at least in as much of the first clip as I listened to.

And did they talk about going after the banksters and clawing back about a trillion dollars in cash, their freedom, and their chitlins?

Sat, 05/24/2014 - 00:30 | 4790628 Lordflin
Lordflin's picture

No... No mention of Fed, or market manipulation, or global hegemony financed by paper, or encroachment into peoples lives at every level, or the intentional destruction of culture, or the dumbing down of the educational system... at every level... or the intentional destruction of moral fabric, or a hundred and one other sins committed by the banking class, and their fascist, demonic underlings...

But all things said, more truth than one would expect, I suppose...

Sat, 05/24/2014 - 10:33 | 4791143 ajax
ajax's picture

 

 

Oh pease you people - The Daily Show has extreme time restaints which to his credit Stewart has tried to override by posting overtime interviews on his Comedy Central page. Give Stewart a break, he's doing a fucking good job - you don't blow up all your boats and then expect to leave the shore. Stewart doesn't walk on water.

Sat, 05/24/2014 - 00:26 | 4790618 Bananamerican
Bananamerican's picture

the first part got my hopes up but Stewart basically blew it thereafter, harping on about HARP and bailing out homeowners...(Fuck the homeowners. My wife and i have rented for the last 7 years waiting (in vain) for prices to normalize)

I'd rather have had Tyler or any 3 random ZHeads (except Fonestar) have at Turbo.

I'd have done a better job myself, and when Geithner said "we saved the system" I would have replied: "Better the banks and the whole rotten corrupted CAPTURED political Ponzi mess got FLUSHED in'09, along WITH the homeowners (who just MIGHT have begun to then hang bankers in earnest).

In 2009 we were robbed of a much needed national banker colonic because of the Fascist system that's been built up around us over the last 30 years. That system is even worse, even more corrupted and antithetical to Liberty and SANITY, 5 years on

Sat, 05/24/2014 - 12:29 | 4791284 I Write Code
I Write Code's picture

The worst part was the continuing lie (or stupidity) that Timmy kept going on about, that "well, nobody thought that home prices could ever go down!".  Stewart called him on that repeatedly, and anyway it is a baldfaced lie, there were screaming headlines all through 2006, 2007 and 2008 warning that not only COULD it happen but everyone EXPECTED it to happen and everyone was PREPARING for it to happen.

Then what eventuated is that not ONLY did the bubble burst (as bubbles always do), but there was a "market failure" that caused the bust to overshoot, and during that market failure Bear Stearns failed and Lehman failed and Citibank was insolvent and EVERYONE was technically insolvent - and nobody had planned for THAT.

AND YET THEY SHOULD HAVE!  The entire thrust of financial deregulation is that the leading banksters were too smart to make such mistakes.  My ass.  When push came to shove they went with GREED.  That is the lesson of 2008.  I did not hear Timmy mention it once.  And for that matter I never really heard Stewart mention it either.  OK there was talk about "old testament punishment" and like that, which is sorely needed, but that still misses the point of just what they did to merit punishment - they completely failed in their fiduciary duties choosing instead to enrich themselves, prima facie guilt both criminal and civil, of the most basic and loathsome kinds.

Sun, 05/25/2014 - 08:30 | 4792936 Leraconteur
Leraconteur's picture

financial deregulation 

 

Don't get bogged down in the MBA accepted explanation that the Crisis was 'a failure of regulation' - it wasn't.

It does not matter how many regulations you have if no one enforces them above the D-level suite and the judges and politicians protect The Bankstas.

This is pure end of empire, end of government, corruption.

It happens to all governments.

Marx was right on this point, but he missed that it happens to Socialists, Communists and Marxists, too.

Eventually all power and wealth accrues to one person, and corruption runs wild.


Sun, 05/25/2014 - 08:55 | 4792957 overmedicatedun...
overmedicatedundersexed's picture

Lera, yep..the human failings come to the powerful and it is put in front of us :DKS and rape of the maid, Clinton's rapes ,carlos danger, on and on as most obvious examples of moral degernerates in leadership..no mear paper constitution, no laws, no form of government can produce a healthy society, when those in leadership and those tasked with regulation (sec or doj, judges and law) are self serving sociopaths.

Sun, 05/25/2014 - 02:47 | 4792772 Frilton Miedman
Frilton Miedman's picture

 

 

" ... The entire thrust of financial deregulation is that the leading banksters were too smart to make such mistakes. ..."

 

Trust me, giving out untold billions in mortgages via liar loans to anyone with a pulse, knowing they'd default, but reselling those mortgages as "triple A" to the public while shorting them in secrecy wasn't a mistake.

Goldman Sachs was doling out all time record bonuses to it's executives and traders at the height of the crisis while millions of Americans were getting eviction notices.

That was no mistake.

 


Fri, 05/23/2014 - 19:03 | 4790011 ozzzo
ozzzo's picture

When I try to watch videos (or view WB7's pictures) on Zerohedge, there is always an ad covering the right third of tghe picture or video, and I can't move it. On my Samsung Galaxy it covers 2/3 of the picture or video. What am I doing wrong?

Fri, 05/23/2014 - 20:23 | 4790159 homme
homme's picture

That happens to me sometimes but since I usually read Zero Hedge articles with Flash disabled, I get a big black box instead of an ad. To clear the screen, I reactivate flash and immediately deactivate it again. Works every time- so far.

Fri, 05/23/2014 - 19:11 | 4790022 cdm
cdm's picture

 

for most browsers "Ctrl -" (control minus) will reduce the overall page formatting allowing the frames with videos and pictures to "fit", relatively speaking.

 

use "Ctrl +" to work the zoom feature in reverse ...

 

happy viewing !!!

Fri, 05/23/2014 - 19:08 | 4790018 bookwurm
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IF your using Fire fox hit crtl and - key, will make image smaller////\\\\

Fri, 05/23/2014 - 19:05 | 4790014 George Washington
George Washington's picture

If you're having problems, you can always watch here:

 

Jon Stewart Eviscerates Tim Geithner

Fri, 05/23/2014 - 19:01 | 4790002 blindman
blindman's picture

old soft shoe, new soft shoe ...
Gram Parsons/Emmylou Harris-"The New Soft Shoe" from "GP"
https://www.youtube.com/watch?v=3MzU_TeBdLo

Fri, 05/23/2014 - 18:53 | 4789985 Manbeast Wangdango
Manbeast Wangdango's picture

Jon Stewart is on TeeVee. 'Nuff said.

Sun, 05/25/2014 - 02:33 | 4792758 TheReplacement
TheReplacement's picture

Yeah but can you imagine someone asking these questions and making his arguments on CNBC or some such?  No you can't.  That is the truly incredible thing here.  It takes a partisan comedian to demonstrate some semblance of jouralism far beyond that which the professional journos are willing to strive.

Fri, 05/23/2014 - 20:42 | 4789981 QQQBall
QQQBall's picture

We know alot about these things. Ben & Timmay were both underwater on their mortgages, que no?

Timmay has stated in the past HE IS NOT A Banker, he is a bureaucrat.

 

And I do not believe they spent $400B to homemoaners

 

Fri, 05/23/2014 - 18:33 | 4789951 WMM II
WMM II's picture

i thought both did well given the constraints of time and format, that both were honest, and that one of them, or both of them, were wrong.

 

 

 

:)

Sat, 05/24/2014 - 03:22 | 4790780 OldPhart
OldPhart's picture

What I find meaningful is that all four videos open and begin playing all at once..providing the same gibberish that was given back in 2008.

Fri, 05/23/2014 - 18:10 | 4789916 Platinum
Platinum's picture

"Interview with a Sociopath" now playing.

Fri, 05/23/2014 - 18:10 | 4789907 Aquarius
Aquarius's picture

Dear God,

It is far worse than even I dared believe. Is this just the transformation of incompetence and corruption into entertainment?

Stewart is obviously desperately attempting / trying to diffuse justified social anger and Geithner is playing Costello. Nobody could be that stupid, but at the same time, he obviously was complicit in this greatest of scams. Who is behind this parody?

And, Geithner was in charge of Treasury? An eager "fall-guy" for the big boys. And here he is again, playing out the finale.

Say Goodnight, Dick.

Goodnight.

Ho hum

Sat, 05/24/2014 - 10:27 | 4791130 ajax
ajax's picture

 

 

"Stewart is obviously desperately attempting / trying to diffuse justified social anger"

 

No that is NOT what Stewart was doing at all. Watch the interview with your eyes wide shut did you?? Stewart stood his ground, he disagreed with everything Geithner was repeating and told Geithner so. Stewart has spent more broadcast hours skewering the bankers, brokers and politicians involved in the Credit Blow-up than anyone else in popular media. Don't forget, Stewart's Daily Show is on Comedy Central yet he has taken on the Geithners like no one else on television. If Stewart was 100% vitriolic and adversarial none of these wankers would agree to come on his show to be interviewed. Stewart does not give up his ground when he sincerely disagrees with any of guests.

 

 

Sat, 05/24/2014 - 14:13 | 4791510 billwilson
billwilson's picture

Exactly.

 

Stewart has probably the best news show on TV ... and he is on the Comedy Network. Kudos for the number of excellent issues he has taken on, from the VA, to first reponders, to even the Indian election. 

Sun, 05/25/2014 - 00:35 | 4792648 Frilton Miedman
Frilton Miedman's picture

 

 

AJAX, BillW, thank you.

This forum is ridiculous at times, such willfull need to egage in bombastic, vulgar anger & immediate gratification that a lot of commentors here don't actually realize they're targetting someone who regularly fights for them.

Stewart, who has relentlessly commented on banking & political corruption for years, he lambastes Geitner and they're flaming Stewart, wow.

 

Fri, 05/23/2014 - 18:01 | 4789894 eatthebanksters
eatthebanksters's picture

Can't listen to Geithner's lies...saying the President could do nothing....hmmm How'd he get the bond holder of GM to takeit in th ass?  Isn't e bragging about how powerful his pen and executive action are these days?  Someone whispered into his inexperience, naive and gullible big ears that people who borrowed to much were all deadbeats and that the crooks who ran the banks were actually good guys...he bought it hook, line and sinker and sold out Main Street for some sociopaths on Wall Street.  Fuck this guy...he has no idea what 10 million people have gone through...wth, did he think he was going to create jobs in an environment of deflation and millions of people losing teir home?  Go read te book 'Confidence Men' by Ron Suskind and you'll see how our arrogant dumbshit prez fucked up financial reform (and healthcare).  He traded for favors with the 13 bggest bankers who came with hat in hand to meet him at the White House and fucked Main Street.  Read the book if you want to understand how he fucked up the original deal on healthcare.

I'm sure a small percentage of deadbeats are in the group who lost their homes, but speaking from experience where my business imploded and the value of my home dropped 45% as a result of the meltdown, I know of what I speak.  I went to friends and family to borrow money and made an offer to the bank before I lost my home.  My offer turned out to be above what the home was worth and about 75% of my mortgage.  In the end they got back about 45% of the loan...who won? Not me, not the investor....the fucking dirtball banks made out like bandits on the fees.  I have realized there is no rule of law, it's wo you know and who has influence.  Whether you like Dinesh Desouza or not, its absolutely despicable that he might go to jail while the charges against John Corzine have quietly been dropped.  I could go on and on...

Sat, 05/24/2014 - 03:20 | 4790779 OldPhart
OldPhart's picture

Unfortunately, I have no sympathy for you.

Sun, 05/25/2014 - 09:39 | 4793020 sunnyside
sunnyside's picture

????  I'm not understanding your comment.

Sun, 05/25/2014 - 10:30 | 4793108 wearef_ckedwith...
wearef_ckedwithnohope's picture

Fascinating that a host of Comedy Central has a better understanding of what caused the real estate bubble and financial crisis than the Secretary of the Treasury.  Geithner actually said that derivatives and securization and leverage was only "at the margin".

 

That is a pathetic misunderstanding of the root cause of the financial crisis.  ONLY AT THE MARGIN ??????  It was at the epicenter.

Fri, 05/23/2014 - 19:07 | 4790017 FeralSerf
FeralSerf's picture

Dinesh Desouza is not a member of The Tribe. John Corzine is.

Fri, 05/23/2014 - 18:32 | 4789949 disabledvet
disabledvet's picture

Please do indeed go one.

"All in the name of fighting the Taliban!"

Treason doesn't even begin to describe it. Indeed part of me says even the folks who were Secretary Geithner's paymasters wish they could have a do-over now that they see the result.

The time for Admiralty is now...and the orders are, of course, "attack."

When aren't they, yes? "Somebody needs to reign those people in"? Good luck.

Fri, 05/23/2014 - 18:00 | 4789893 kurt
kurt's picture

Is there a way we can get a refund on the Iraq and Afganistan wars? We could take that 7 Trillion Dollars and adjust down the over priced mortgages, allow housing prices to drop, sales to take place, people could take cash out again (in a modest way), they could improve their expenses in view of inflation of food and fuel and lack of jobs? Perhaps a low and middle class tax cut for a couple years, reduction of property taxes based on the new, lower, appraised valuations. We could also give each American citizen a couple thousand dollars they could use to get their finances in order. Even if they don't, it would be stimulative to the entire economy because poor people tend to spend money and rich people tend to keep it, accumulate it, hire thugs, influence the government, conspire through financial devices, and move toward a new feudalistic society and continued debt slavery. Stimulus to the middle classes would help retail, car sales, home improvements, small business.

Fri, 05/23/2014 - 18:56 | 4789986 QQQBall
QQQBall's picture

Refund for detroying Iraq, Afghanistan, Libta.... before or after will rebuild the rubble...

 

Hand out money and stimulate spending... fucking moron... BTW, you can appeal the assessment on your crib. Same with Stewart. Don't give it to the bankers, give to the douches that borrowed $600k on a home they bought years and years ago for $40k. Fucking moron. Go educate yourself.

Sat, 05/24/2014 - 17:27 | 4791837 kurt
kurt's picture

Thanks that felt good on my weiner.

Fri, 05/23/2014 - 18:33 | 4789952 disabledvet
disabledvet's picture

It's called "the Ukraine" buddy. Learn it, live it, love it.

Fri, 05/23/2014 - 17:52 | 4789878 Fix It Again Timmy
Fix It Again Timmy's picture

The dearly departed Gore Vidal grew up in the lap of luxury. Years ago in an interview, he said that if you heard the way the wealthy talked among themselves about the common man, you would never vote for one of them. 

Dick Cavett:
I got to spend a lot of time with Gore, on and off the air, and there was always a sort of afterglow. You felt you had just had a lovely bath in the elegant and witty use of our sadly declining English language. Gore's talk, if transcribed, could be printed without editing. If there seemed to be some preening in his prepared remarks on television -- and he knew a good line was worth repeating -- it was outweighed by the quality of the verbal prose.

I would have stood in line for days to watch Gore Vidal take on Timmy.....

Sat, 05/24/2014 - 00:55 | 4790651 Savyindallas
Savyindallas's picture

I truly miss Gore Vidal.

Fri, 05/23/2014 - 17:47 | 4789861 Seasmoke
Seasmoke's picture

No mention of the Paulson TARP Switcheroo ????

Fri, 05/23/2014 - 17:31 | 4789816 kchrisc
kchrisc's picture

I went back and re-watched Part 3. What a great example of the lies sociopaths tell themselves and believe.

From about 3 minutes onward, during the "experiment" part, listen to what he says. He's not lying. He really believes the shit he is slinging.

Pure sociopath.

And that shitty grin he wears?!

Sat, 05/24/2014 - 04:01 | 4790833 Bro of the Sorr...
Bro of the Sorrowful Figure's picture

yeah that grin is awful. he's got the kind of face id like to see swinging from a noose.

Fri, 05/23/2014 - 17:15 | 4789794 dirty dolphin
dirty dolphin's picture

Liebowitz and Colbert are just another couple of cable news propagandists. Nothing to see here. 

Fri, 05/23/2014 - 17:12 | 4789788 kchrisc
kchrisc's picture

I just watched it all, and all that I have to say is, "I need a shower."

 

"'G' is for Geithner and Guillotine. Cool."

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