Must See Bailout News Video: Barry Ritholtz From The Big Picture Has A Few, Choice Words For Tim Geithner From Taxpayers; Torches & Pitchforks, Anyone?

Barry Ritholtz is an American hero who wastes his time and increasingly his sanity fighting against the taxpayer bailouts of private failure.  The Big Picture, his vehicle of revolution, makes for great reading as Barry puts the truth above everything else in his daily quest for knowledge and reason.

Yesterday, he was in rare form as he headed to Tech Ticker for a chat with Aaron Task.  Aaron is another outstanding journalist who should be seen and heard by millions everyday.  The problem is that he likely frightens CNBC management with his penchant for honesty. 

The above video runs about 4 minutes and is excellent.  Barry discusses AIG and counterparties, bank bondholders vs. taxpayers, and torches and pitchforks.  Asinine is the key phrase.

Oh yeah, and he takes a few shots at Bill Gross of Pimco, which always makes me happy.

Bank's Bondholders Will Share In Bailout Pain    Bloomberg  March 11th

Comments

[Ain't Bullshittin']

When the shock and lack of change takes hold of the Nation......Watch for Pitchfork sales to spike!

[Comrade Dope]

I love Barry. Thanks for posting this. Good to see bloggers co-operating.

[truthbetold]

You've got some interesting posts on this site, but the reality is that your total focus is on letting the whole system go under so that hedge funds and private equity vulture funds can buy the media dubbed toxic assets of the banks for pennies on the dollar and make the greatest killing of all time - as in tens and tens of billions of dollars - and all at the expense of the average american investor who owns stocks directly or thru mutual funds in their 401ks, IRAs, and other investment accounts ie. pension funds. So you really are just another shill for the financial mafia who up to a few weeks ago thru their relentless scare tactics in the media were causing this market to fall at a faster rate than that of the great 1929-32 bear market which led and helped ensure that the great depression would stick around for a decade. So your views are really pathetic because you would favor a trading elite over the vast majority of americans who are already struggling as it is, wondering now where they are going to find a job, pay their mortgage, send their kids to college, survive on a fixed income. The fact is we need to reinflate the stock market from the short driven depressed levels of the past three months. The market is rising now because bernanke made it quite clear that the 'strong hands" that stand behind that ghoul roubini are not going to be allowed to take down any other financial institutions. So you really need to update your mojo here and recognize that the democrats completely understand this, and are going to do everything in their power to ge the market up. The next election cycle is now less than two years away.