Dylan Ratigan Goes From Fast Money To Morning Meeting But The Song Remains The Same (Excellent Clip)

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Ratigan goes from Fast Money to Morning Meeting, but his blistering attacks and blustery style have not changed. And I for one am thankful.

Guests were Daphne Aviatar, William D. Cohan and Eliot Spitzer.

Yesterday Ratigan began new his MSNBC show with the same issues he flailed back at CNBC.  Any of these sound familiar: bank bailouts, financial de-regulation, rearranging the deck chairs, compromised regulators and politicians, oversight, leverage, Hank Paulson, the guilty staying in control, the Banking Oligarchy, too big to fail, Wall Street bonus and compensation structures, the revolving door, the SEC, Goldman Sachs, Larry Summers, derivatives regulation, Tim Geithner, and probably a few that I missed.

By far the funniest moment begins at the 4:25 mark, where Cohan says "There is a reason Spitzer was Governor..."  Make sure to see that part.

And the best bit for taxpayers occurs in the last 15 seconds when Spitzer, railing on the AIG bailout, demands to know why we didn't receive additional warrants and shares in Goldman and the other banks in exchange for payments they received through AIG.  He asks specifically why we didn't get $12.9 billion more of shares in Goldman since AIG was simply a conduit to Goldman:

"We took stock in AIG that is worthless.  We gave a 12.9 billion dollar check to Goldman Sachs. Why didn't we take stock in Goldman Sachs?  Why didn't, if they knew these were conduit payments, we should have taken stock in the institutions that had value, not wasted it on AIG.  Why didn't that happen?"

Bravo.  I wrote back in April that Eliot Spitzer deserves a 2nd chance.  Familial peccadilloes aside, the guy is a prosecutorial beast and US taxpayers desperately need him back in Albany as Attorney General for the Sate of New York.

My face mimics a smile as I imagine his hit list: Paulson, Rubin, Cassano, Athan, Mozilo, Dodd, Cox, Cramer (yes Jim Cramer, just for general douchebaggery), Blankfein, Lewis, Thain, Pandit, Fuld, Schwarz, Cayne. Do not deny this writer his dreams.

Comments

[RobertM]

Albany? Hell, Spitzer needs to be AG of the USA!

[RobertM]

PS- You are a link MONSTER! I don't know where you find the time.

[spideydouble]

"And I for one am thankful."

I couldn't agree more with this statement. This is a fantastic show and I wish Dylan overwhelming success. I am certain it will come. Folks are starving for daytime discussion like this. It's like chess and blueberries.

"We took stock in AIG that is worthless. We gave a 12.9 billion dollar check to Goldman Sachs. Why didn't we take stock in Goldman Sachs? Why didn't, if they knew these were conduit payments, we should have taken stock in the institutions that had value, not wasted it on AIG. Why didn't that happen?"

Bravo indeed. I'm with you on a 2nd chance Steve.

"Familial peccadilloes aside, the guy is a prosecutorial beast and US taxpayers desperately need him back in Albany as Attorney General for the Sate of New York."

Notwithstanding paternal silver spoon campaign finance, sexual escapades, and the Jim Cramer connection (I hate that guy as much as the rest of you) and the flames we are sure to take by this, how do I help this writer's dreams come to fruition?

[Helene F. From Morristown, NJ]

Dylan was always an interesting guest on MORNING JOE, however he is not a good host....at least, at this point!
Reason: Joe was able to involve Dylan in a discussion but kept him from completely taking over the show. I watched Dylan this a.m. (July 1st), and found him iinterrupting his guests over and over again. There is still hope for him if he calms down and allows his guests to complete a sentence every once in awhile. As of now, it was almost a monolog.

[DailyBail]

Helene

I haven't seen this morning's show yet...my suspsicion is that he is still amped up on adrenalin after the long hiatus...give hima few weeks and he will relax...

[DailyBail]

@Robert M

Would be great if Obama would consider him for AG...

@Spidey

Thanks for translating that section; I'm going to add it to the post...

As for helping Spitzer get back into the ring, I have no ideas outside of public encouragement, which is partially why I emphasize my support in the posts.

[Mack]

The morning fluff tv is beneath Ratigan and I, for one, am sorry to see him leave Fast Money where his contributions were something you could actually USE. Almost feels like a demotion of some kind. Did he piss someone off at NBC?

[DailyBail]

Mack.

Yes he pissed off his producer and CNBC didn't renew his contract.

Here's teh audio of their argument:

http://dailybail.com/home/why-dylan-ratigan-left-cnbc-the-audio-leakage.html