Entries by DailyBail (6219)
GETTING HEATED: Dylan Ratigan & Wall Street Apologist Judd Gregg Argue The Finer Points Of Bailout Payback (MUST SEE VIDEO)
Video: Ratigan & Senator Judd Gregg -- May 4, 2010
Have been saving this one for Friday afternoon. There is no love lost between truth and fiction in this clip. If you're in a hurry, start at the 5:20 mark, where Ratigan starts to get fired up about the hidden bailout and Gregg's denials. My sympathies extend to Dylan -- it would not be easy to listen to the constant Wall Street b.s. without occasionally getting angry at the system and Senators who obfuscate.
Hey Judd, as I lift a Friday afternoon cold, adult beverage, let me toast to the thought that this will be your last term in the Senate. You're a captured Wall Street bastard, and we're better off without you.
And nice work protecting the 100-year secrecy of the Fed, you freaking troglodyte.
AUDIT THE FED: Bernie Sanders & Dylan Ratigan (Video)
Video: Dylan Ratigan with Senator Bernie Sanders -- May 5, 2010
Sanders the day before caving to White House and Fed special interests.
James Kwak On Too Big To Fail Banks (VIDEO)
CBS Video: James Kwak of Baseline Scenario -- May 6, 2010
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As the FCIC continues to dig into the causes of the financial crisis with testimony from former Treasury Secretary Henry Paulson and current Treasury Secretary Tim Geithner, it might occur to even the most casual observer that banks are still pretty big. If we thought that banks were "too big to fail" in 2008, today it's scary to consider that the top 6 banks control an even larger share of the industry post Great Recession.
James Kwak, co-author with Simon Johnson of "13 Bankers" discussed what needs to happen to prevent banks from getting so big that they could potentially drag down the entire financial system.
WATCH LIVE: Financial Crisis Hearings -- Testimony From Tim Geithner & Henry Paulson
Updated on May 6, 2010 at 7:55 PM by
DailyBail
Today's testimony:
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You can watch Hank Paulson's testimony HERE >>
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Paulson quotes from testimony >>
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Paulson testified this morning and Geithner is in the FCIC crosshairs now.
From C-Span
The Financial Crisis Inquiry Commission (FCIC) is on its final panel on the “Shadow Banking System”. Earlier, Treasury Secretary Timothy Geithner stated that the U.S. was “fundamentally inadequate” overseeing financial regulation. Also Fmr. Treasury Sec. Henry Paulson appeared earlier and noted that the financial bailouts still "remain very unpopular" with Americans.
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Some early reaction to today's testimony:
Paulson defends actions in financial crisis
Ex-Treasury Chief Paulson Says ‘Wolf Pack’ Menaced Bear Stearns
Paulson: U.S. wasn't ready for meltdown
Geithner says crisis could have been milder
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Audit The Fed -- Call Your Senators NOW @ 202-224-3121
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You can also sign the petition and generate and automatic letter supporting an audit of the Federal Reserve at:
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And don't forget Ron Paul's and Alan Grayson's website -- You can quickly send another automatic letter here:
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Thank you!
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We are tracking all the stories related to the Senate push:
UPDATE: Senate Battle To Audit The Federal Reserve