Posts tagged Banks
Posts tagged Banks
Great quote from Senator Elizabeth Warren
Cenk Uygur explains why Iceland is a perfect example for how bailing out citizens instead of banks can help an economy recover. Between 2001 and 2010, the median net worth in the U.S. dropped 20 percent. Meanwhile, Iceland invested in their middle class, provided debt relief for 25 percent of its citizens, and now the economy on the rebound. “We were told here in the United States, both by Republican and Tim Geithner, ‘That can’t work; it’ll destroy our economy,” Cenk says, but Iceland disproves that by now doing better than the U.S. and the Eurozone.
Banks Funding The Tea Party
Cenk gets all worked up about a Think Progress report by Josh Israel, “How Banks Bought the Tea Party.” Cenk says, “Every one of those 15 tea party freshman, forget criticizing banks and the bailouts. You frauds! You hypocrites! You sell-outs!” The most guilty, Cenk says, is Rep. Joe Walsh, who yelled at a constituent for asking about whether banks were at fault for economic problems. “You see how he got in her face? That’s a constituent that put him in office! And he gets in her face: ‘How dare you ever say anything about the banks! Don’t you know I’m a tea party whore and my job is to protect those guys?’ You sicken me the way you sold out your cause entirely.”
Via AmericaBlog: Campaign for a Fair Settlement, a liberal housing group which formed to pressure state Attorneys General like California’s Kamala Harris to not agree to a bad robosigning settlement deal, has released a poll that paints a brutal picture of how voters in swing states view President Obama’s handling of the housing crisis. The poll also shows that voters think the President hasn’t done enough to hold banks accountable and that criminal behavior by Wall Street has driven the crisis. The poll surveyed independent likely voters in Pennsylvania, Florida, Arizona, Nevada and North Carolina, all of which are states which have been devastated by the foreclosure crisis…”.* The Young Turks host Cenk Uygur breaks it down.
Poll Results: President Obama vs. Wall Street