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.

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.”