Cenk On Bernanke's Secret Loan Program - "I Thought Jamie Dimon Was A Genius And Didn't Need A Bailout..."

Video - Cenk on the Federal Reserve's Secret Loans - Aug. 26, 2011

Comments

[Cheyenne]

At the 2:50 mark, Cenk explains the Fed's giveaways to FOREIGN BANKS as follows: Royal Bank of Scotland, $85 billion; Credit Suisse, $61 billion; and Deutsche Bank, $66 billion.

It's worth recalling that these gift-loans to foreign banks are IN ADDITION TO all the money they got when AIG collapsed and Tim Geithner insisted that AIG's counter-parties be paid at 100 cents even though they were most these very same FOREIGN BANKS:

http://www.businessweek.com/the_thread/economicsunbound/archives/2009/03/german_and_fren.html

http://www.propublica.org/blog/item/bailout-us-bore-risk-foreign-banks-reaped-rewards

http://www.politico.com/news/stories/0309/20039.html

Nice to know that both the U.S. Treasury Secretary and the Chairman of the Federal Reserve are working on behalf of foreign banks at the expense of United States citizens.

[DailyBail]

It's all the same to Bernanke.

Banc, banco, banque, caja, caixa...he'll bailout anyone who takes deposits, loses a mortgage note, falsely securitizes or commits usury.

[john]

When Debt Is Fraud, Debt Forgiveness Is The Last And Only Remedy

http://www.zerohedge.com/news/guest-post-endgame-when-debt-fraud-debt-forgiveness-last-and-only-remedy

[dennis kucinich]

alternately:

fixed at the gitgo:

http://goo.gl/SI7Us

bad bankers taking the losses instead of you getting nothing on your savings
and watching your currency get tossed in a top hat

[Charles M]

This guy "Cenk" is a far, far, FAR leftist loon and you reduce your credibility when you put him front and center to comment. His stink on "The Young Turks" was an embarrassment to civil discourse. All this buffoon ever did was mock others while having no answers. If I see him again I will be unsubscribing and letting all my associates who I have pointed here know why.

The Daily Bail is just not credible if "Cenk" is being quoted.

[Sagebrush]

I think we will continue to see Cenk Uygur comments here in the future, at least I hope so. Yours I can do without, but because I believe in free speech I won't be unsubscribing and telling all my friends who I have pointed here that, I can't take the far, far, FAR right wingnut comments anymore.

[Cheyenne]

Right on, Sage. Take issues on the merits or not at all.

I don't see anyone challenging Cenk's data. That's called a tell.

[fliteshare]

The attitude displayed by Charles M does explain why right wingers always come up with these inbred ideas.
No need to turn the Daily Bail into an echo-chamber of pleasantries. I enjoy a variety of opinions even the wackier ones, just to keep my mind sharp, have a good laugh and stay informed on the real issues.

[DailyBail]

Charles M

You are a party tribalist and part of the problem. There is no partisanship in this clip. It is a truth tell on the Fed and Wall Street, but you weren't even able to get over your left-right hang-up long enough to watch it.

[Texas Dar]

No need to turn the Daily Bail into an echo-chamber of pleasantries. I enjoy a variety of opinions even the wackier ones,

Its guys like this makes for the most laughter when they sit in the first row, front & center.........

[Inurface]

Charles M, you have the clap, go away!!!
Cenk for President...

[TR]

Sep 4, 2011 at 6:06 PM | Cheyenne

I can challenge Cenk. He's just got real data. I create my facts as I go along.

[john]

Mr. Dimon goes to Washington

http://www.reuters.com/article/2012/06/10/us-jpmorgan-loss-senate-idUSBRE85908J20120610

[snip]

Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan's recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis.

The Senate Banking Committee is expected to press Dimon on how much more will the estimated $2 billion trading loss grow, and whether the purported failed hedging strategy was really a speculative bet that went largely undetected until it was too late.

The embarrassing loss from a series of trades out of JPMorgan's London office has also raised questions about the oversight of regulators and whether proposed rules curbing proprietary trading will be adequate.

[John]

Mr. Dimon goes to Washington

http://www.reuters.com/article/2012/06/10/us-jpmorgan-loss-senate-idUSBRE85908J20120610

[snip]

Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan's recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis.

The Senate Banking Committee is expected to press Dimon on how much more will the estimated $2 billion trading loss grow, and whether the purported failed hedging strategy was really a speculative bet that went largely undetected until it was too late.

The embarrassing loss from a series of trades out of JPMorgan's London office has also raised questions about the oversight of regulators and whether proposed rules curbing proprietary trading will be adequate.