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« Bank Bailout News: CNBC's Erin Burnett, Banking Apologista, Leader of Idiots | Main | Tim Geithner's Magical Mystery Tour Of TARP Propaganda Has Little Use For Truth »

Brad Sherman Annihilates Mark Haines And Erin Burnett

This is an absolute beatdown for those who haven't seen it.

The debate with Mark Haines and Erin banking apologista Burnett is focused on Capitol Hill efforts to impose special taxes on bonus payments made by firms who have received taxpayer bailout cash.

Guess who wins this contest of wit and intelligence. If you thought brunette bimbette, then you are asked to leave the site.

"I want all bailouts to stop. I want capitalism. Bailouts are not capitalism. Tarp is not capitalism. We should have AIG in receivership. It should have been in receivership for months now.  We don't have to hunt the witches, we know who they are. What do AIG executives know about running a financial services company?  They only know how to destroy one. We need some limitations on salary and bonus.  The goal is to get them off the TARP system entirely. Give back the money and run your companies.  This is about people who think they are really important but work at bailed out companies.  I'm against bailing out Wall Street period. If they want capitalism, let them have capitalism and give the money back."


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Reader Comments (17)

BAIL EM OUT, BAIL EM OUT!!! The sky is falling!!
May 25, 2011 at 12:14 PM | Unregistered CommenterTR
this is a great clip...tr...i asked about your initials last night b/c i have a friend in eugene by that name...todd robert vass...
May 25, 2011 at 1:21 PM | Registered CommenterDailyBail
Now disgraced ex-IMF chief Dominique Strauss-Kahn to get $250,000 'golden parachute'... funded by U.S. TAXPAYERS

Read more: http://www.dailymail.co.uk/news/article-1390651/Disgraced-banker-Dominique-Strauss-Kahn-250-000-golden-handshake--taxpayer.html#ixzz1NO08zVMn
May 25, 2011 at 1:28 PM | Registered CommenterDailyBail
EU Juncker: Still In Favor Of 'Reprofiling' Greek Sovereign Debt

May 25, 2011 at 1:29 PM | Registered CommenterDailyBail
May 25, 2011 at 1:31 PM | Registered CommenterDailyBail
CNBC’s Mark Haines: ‘He took no B.S.’

Commentary: TV anchor was a reporter from the old school

May 25, 2011 at 1:31 PM | Registered CommenterDailyBail
U.S. Rep. Barney Frank admitted he helped his ex-lover land a lucrative post with Fannie Mae in the early 1990s while the Newton Democrat was on a committee that regulated the lending giant — but he called questions of a potential ethical conflict “nonsense.”

May 26, 2011 at 11:27 AM | Registered CommenterDailyBail
Virginia Attorney General Kenneth T. Cuccinelli II says a judge’s order compelling the University of Virginia to turn over thousands of pages of climate-change research will likely alter his own battle for the long-sought documents.

May 26, 2011 at 11:27 AM | Registered CommenterDailyBail
Virginia Attorney General Kenneth T. Cuccinelli II says a judge’s order compelling the University of Virginia to turn over thousands of pages of climate-change research will likely alter his own battle for the long-sought documents.

May 26, 2011 at 11:29 AM | Registered CommenterDailyBail
Freedom of information laws are being misused to harass scientists and should be re-examined by the government, according to the president of the Royal Society.

Nobel laureate Sir Paul Nurse told the Guardian that some climate scientists were being targeted by organised campaigns of requests for data and other research materials, aimed at intimidating them and slowing down research. He said the behaviour was turning freedom of information laws into a way to intimidate some scientists.


excuses, excuses...wah, wah...
May 26, 2011 at 11:30 AM | Registered CommenterDailyBail
Linda Green, paging Linda Green............


Anyone who has been or is facing foreclosure in Massachusetts (or elsewhere) must see this.
May 26, 2011 at 11:42 AM | Unregistered Commenterjohn
Senate Avoids Debate, Moves Patriot Act Into ‘Small Business Bill’

May 26, 2011 at 11:43 AM | Unregistered CommenterMorton
I'm starting to glow in the dark form Fukushima. Ask your friend if he's showing any signs.
I wonder how far the AGs will take the foreclosure fraud issue. Hoping this goes CRITICAL.
May 26, 2011 at 12:20 PM | Unregistered CommenterTR
May 26, 2011 at 12:22 PM | Unregistered CommenterTR
My only problem with the video is its title "Brad Sherman Annihilates Mark Haines". How about "Brad Sherman gets his point across" or even "Brad Sherman schools Mark Haines" but hardly annihilates Mark or Erin Burnett for that matter. To me this an example of a what an interview should be. Intelligent hosts asking an articulate guest, in this case Rep. Brad Sherman pointed questions that help put the guest's position in context rather than a setup for the guest to repeat a set of talking points. For instance it is fine for Rep. Sherman to compare AIG to a casino and its CDS holders as gamblers and say the TARP is a bailout of both financed by the tax payers. By making that simple analogy he implies TARP was totally uneccesary. If left unchallenged one might reasonably conclude that no sensible or morally sound person could have possibly voted for TARP. Thankfully Mark helps present the other side of the argument. Financial systems after all are based on confidence and once confidence in contracts is broken the system break downs. Mark rightfully pointed out to Mr. Sherman that many believed that breakdown is exactly what would have happened had AIG gone into receivership. Rep. Sherman apparently was willing to bet against that argument, but at least Mark Haines made the case to the viewer that it was a gamble either way and the stakes were no less than the stability of our financial system. As I said it was a good interview and all participates played their parts well.
May 26, 2011 at 9:49 PM | Unregistered CommenterScott In Indiana
i choose exaggerated headlines for effect scott...it's a bloggers' disease...trying to get search hits thu the use of headlines...i'm guilty...regarding the breakdown of the financial system...that is nothing but blatant fear mongering...sure it would have hurt goldman sachs and they might have failed like lehman given their massive portfolio with AIG but it was THEIR fault for keeping so much secured by 1 firm...it actually goes so much deeper than that...goldman took aig for a patsy...read this story for a start...i do appreciate your thoughtful comment...but in my opinion and the opinion of nobel prize winner stiglitz, non-winners taleb, roubini, tavakoli, dean baker and hundreds of others, tarp was the worst thing to have happened to this country in decades...it opened up the issue of moral hazard and now where do we stop... when do we stop bailing out companies...true capitalism might be lost forever...all to save a few crony banks...honestly just thinking about it makes me sick...

May 26, 2011 at 11:16 PM | Registered CommenterDailyBail
This irony here is that FoX news has people on to attack and make them look like fools. CNBC has people on to mildly disagree with and make them look like geniuses.

Brad Sherman made them look completely foolish and uninformed. Erin Burnett's questions were patently absurd.

"Do you think that every single person on wall street who made over 250,000 dollars was a bad person?"

"No, of course not."

"Then why do you want to tax them at 90%?"

What kind of ignorant, loaded questions are those?

Oh, and she's a complete wall street crony which is emblematic by her new show which straw manned the Wall Street Protests about a dozen times in a 4 minute report.
Oct 6, 2011 at 5:41 AM | Unregistered CommenterJohn Vattic

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