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John's Blog

Give a man a fish and feed him for a day....Teach him to use the internet and he won't bother you for weeks!

Thursday, March 05, 2009

A Rant Too Far

A excellent piece from DownWithTyranny!: The Incredible Santelli-- And Why Republicans Think American Working Families Are "Losers"
Wall Street is mad as hell and they refuse to be abused by what the Republicans refer to as "the losers." In their parlance "the losers" are not the failed banksters and insurance companies and CEOs but their victims, ordinary working families. Last night John Stewart took a look at how Santelli's network, CNBC, mislead its viewers so badly than anyone who would have taken them seriously and followed their advice would absolutely be in need of a bailout. It's an eight-and-half minute study on how the business press acted as cheerleaders while the financial system melted down. It is completely worth watching.

And it dovetails nicely with a disturbing report in this morning's NY Times: "More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from countless trades, federal regulators said on Wednesday."

In China they would have been sentenced to death for this kind of fraud-- and then pardoned-- but here they got a $69 million fine-- without even having to admit guilt! This could never have happened had not Bush, the Republicans and the Blue Dog type Democrats they are allied with not systematically wrecked the regulatory system meant to protect society from greed-obsessed amoral predators. (I hope you read our report on the nexus between Wall Street and Washington earlier today.) Anyway, John Stewart... take it away:

|| JM, 7:37 PM

7 Comments:

Great to still find you here, buddy! So many have vanished. . .look me up on facebook if you are so inclined -many of us have regrouped there.
Blogger John Good, at 2:02 AM  
Barely here, but I do post from time to time. I'm more of a Twitter fan myself. If I ever figure out which of the "over 500 people results for: John Good" is you, I'll do the FB add/
Blogger JM, at 7:35 AM  
hello... hapi blogging... have a nice day! just visiting here....
Blogger Hapi, at 6:30 PM  
hello... you may submit this blog to my webBlog Directory, keyworddir.info.. have a nice day!

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Blogger Keyword, at 9:00 AM  
Hey, the good part of this whole story is people got to see that the CNBC crew are idiots and that Stewart is the only reporter who actually reports.
Blogger STP, at 10:46 AM  
Watch Natsha Naked!
Blogger natasha, at 12:00 AM  
Great point STP!
Anonymous NESPNtv, at 3:22 PM  

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