Can We Fix The Stock Market? Interview w/ SEC Chairman Gary Gensler | The Problem With Jon Stewart
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- เผยแพร่เมื่อ 2 มี.ค. 2022
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Jon sits down with SEC Chairman Gary Gensler to talk stocks, apes, and accountability. Watch the full interview on Apple TV+.
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The frustrating thing is if I make $100k breaking the law and then get fined $5k, I'm still ahead $95k. WHY WOULD I STOP BREAKING THE LAW?!?!
Your comment makes too much sense for Gary ..
Gg face lol
Dont forget...its considered a business expense and is....guess what folks.....a tax write off
Unfortunately yes
Yep. The sad irony is that some wealthy _do_ pay "taxes," just in the form of wrist-slap fines.
It's so telling that when you ask a guy like this if he can imagine a *financial system* better than a toothless SEC and a dangerously criminal finance industry his first response is that he "believes in American democracy". Dude, everyone asking for a fairer financial system believes in American democracy; that's the whole dang point. If you believe in American democracy, maybe you ought to have an answer when you're directly asked to imagine an alternative to plutocracy.
The SEC is only toothless during republican administrations. They defund it so it cant function. When the democrats take over they fund it as much as they can and they are playing catch up. Then republicans come in again when we get fat and happy and greedy and the cycle repeats. Go ahead and tell me Im wrong or a liberal or whatever but ask yourself this, why is there always a financial crash under republican administrations?
@@boristheamerican2938 To think that any financial crash is purely the outcome of a few years during a single presidency is completely absurd. To think that the sitting president has meaningful sway over what the Fed does is absurd.
Learn about the longterm debt cycle, read about how the banks were over-lending mortgages for the better part of a decade before 2008, just please wake up and realize we live in the same messed up financial system all year, every year.
Politicians want to make this a partisan issue so they point to "who was currently in charge" and will swap between president and congress depending on which helps the narrative. It's all coincidence, the whole thing is messed up down to the very money the FED and banks are constantly printing into existence via debt vehicles.
Dude is a worm.
It's so funny. The modifier "American" in front of Democracy doesn't strengthen America, it weakens Democracy. We have the shittiest version of Democracy on the planet at the moment. And this tool thinks it's cool to extend that to our financial markets? Yikes.
@@boristheamerican2938 The financial crash always comes just AFTER Republican administrations. This is by design. It's sabotage.
Mr Stewart did what most of us wouldn’t be able to: Have a productive conversation without losing it halfway thru the B.S. hot-air being blown his direction.
u know, that's kinda the problem isn't it? At least that's why I think Mr. Stewart does these things is cause 1. it's NOT always hot air even if you think it is and 2. many people simply stop listening when they hear something that betrays their expectations. It doesn't make for much of anything but a circle jerk. Thankfully I don't get that at all w/ the interviews I've seen from Jon Stewart. He's had hot air blown at him for sure, but his composure gives the statement of humility and purpose. One of my new fav interviewers!
This guy, in a roundabout way, just said the system is broken and I believe in it.
Lol, he admits the system is broken but he's American and fixing the system is in unAmerican.
Right!!!
Wow, Gensler unknowingly just told the whole world how useless the SEC really is
The fucking Chair of the SEC doesn't know the difference between DEMOCRACY and CAPITALISM. How are we being run by the stupidest people on the planet, why are we allowing this?
@@vyvianalcott1681
That's the result of long standing American propaganda. Some people really believe capitalism and democracy are synonymous and that neither can exist without the other.
@@DonCDXX which is insane, capitalism is antithetical to democracy.
@@itcouldbelupus2842 How so? Care to explain in detail?
@@jewulo only a small proportion of a population is capitalist. The majority are workers. In a democracy, the interests of workers would be primary in terms of policy. So capital has to corrupt the democratic system in order to sustain its interests. The interests of capital, namely freedom of capital, is not congruent with freedom and democracy.
Anyone who thinks the right wing (capital) really stands for freedom and democracy, doesn’t understand the nature of private capital. The freedom the right wing cares about is freedom of capital to do what it wants and go where it wants. But for that to happen, it has to rely on corruption and propaganda when the majority of a population are workers rather than capitalists. Capital wouldn’t get what it wants in an uncorrupted democracy, and it certainly doesn’t want workers to have freedom. In an actual democracy, there’d be far less private ownership of capital, assuming it wasn’t abolished all together.
John stewart called out what was known only by few, he deserves respect
Everyone knew it. We used to talk shit around the dinner table about it.
You guys gotta see Gaming Wall St
. Oh and Buy AMC and GME.
👑👑
Not a few. Many people already know how rigged the stock market is but still play the game. 🙄😬
None by a few? Pretty sure the corporate-industrial-corruption complex is pretty well known these days. It's just a matter of what we, the People, do (or don't do) about it.
Imagine if getting caught robbing a bank only came with a small fine. And, most banks had security that was easy to fool and guards easy to pay off. That's the world the corporations and super rich live in. It costs them more NOT to rob.
It's nothing more than "pay to play". If you want to do things your way, you'll have to cough up some dough to do so. But the sky's the limit, if you have the funds to make it happen. Example: A speeding ticket can be viewed (through a wealthy persons eyes) as a "go fast license fee". Worried about losing your license? Just donate to a cause or campaign that's close to the judges heart and watch those 'points' disappear. The amount of money required to make something like this happen is pocket change to the wealthy. Pay to play.
They designed it that way. It didn't just happen one day.
Who are the corporations robbing? Lol
@@cvrki7 taxpayers through backroom deals with government officials. excessive lobbying. it costs the taxpayer money they dont want to be spent.
Banks are the biggest perpetrators of money laundering.
The look of dread that forms on Gary's face when Jon first mentions the apes is priceless.
it's amazing what an interview by unsponsored news media actually looks like!
This is so eye opening. Civilians go to jail, but those hedge funds pay fines. Imagine making 1 million off of fraud and paying 5 percent of that fraud profit to a fine. Corrupt.
It’s supposed to be corrupt, you are just supposed to be too busy arguing with your fellow citizens to acknowledge it
They will pay for it.just wait about it :)
@@theuglyducklingisgodlevelt6104 OMG, so many likes to this comment. Spot on! 👍
Absolutely
I think 5% might be a bit higher than they're usually expected to pay
Its amazing I've never seen someone basically admit without admitting that they are completely useless.
Jon, thank you so much for starting this show. You're doing something special.
Thank you for doing this Mr. Stewart and his team.
Look gg face lmao
Nothing happened. He didn’t answer a single thing. If anything, this made me less hopeful
This was just more resolutionless browbeating to vent the public's anger, which is why these officials agree to sit down with him. Don't let them lull you with silly "Gee, he really showed it to him!" BS, take their fraud down.
@@evandunwoodie3966 FUD
Amen.
When this guy tells you "I believe in American Democracy" it tells you everything you need to know about what is currently called "democracy."
But corporations are not democracies. They are fiefdoms run by unaccountable autocrats. If we are to have democracy in corporate
America, corporate law must change.
aka Oligarchy
He believe in American Capitalism NOT Demcroacy. American Capitalism is where corporations bought and own the government
@@daitauloable That's because America is and has been a Plutocracy since its inception. They only call it a "democracy" so people don't look at the facts and label it what it really is. Sort of how they call global warming "climate change". Sounds a lot less scary with the propaganda behind it.
@@ironmarkkus8969 Scientists call it "climate change" so dumb asses don't say "HURRR DURR BUT IT'S ACTUALLY GETTING COLDER IN SOME PLACES". Don't conflate corrupt Hedge Fund cronies with scientists.
Just love how Jon can get into any topic and beat them at their game. He's just that good!
The look on his face when Jon says “take out the little guys” is hilarious
"Take out the little guys." Exactly, he didn't say CEO'S, CFO'S or Board members for pushing the "Gatekeepers". Got to keep those guys protected.
Exactly. This little weasel is exactly what's wrong with the SEC. They have no balls to stand up to the people at the top who make the REAL financial decisions.
Not so fast. Th powerful use the gatekeepers like shields. You can’t get them unless you take away the shields. When a CEO wants to pull a scam with multiple entities or using some loophole he always hires professionals to protect him. If the professionals realize they will be ruined if they take his money, it goes a long way towards stopping the bad behavior.
BTW, it often happens that the accountants and lawyers think up the schemes and go to the rich and powerful to get money and access to make the scheme work.
@@nunyabidness3075 Not how it will work out tho, if the little guy take the fall they get a huge payout under the table if they keep quiet until they get out of jail.
@@everybodyisanidiot4553 I think that’s pretty Hollywood. The lawyers, accountants, and public officials aren’t generally little people with no money and no reason to stay out of jail.
@@nunyabidness3075 They'd need a large sum stashed.. they may never be able to get a job after whistleblowing
This toothless man just showed us how toothless the SEC really is.
Thank you John for pushing him on this interview! 👍
Absolutely
Well yes, the SEC isn't the DOJ.
@T D What do you think Marxism is, exactly? Because that comment makes me think you really dont know.
@T D Im sorry, what part of "The Marxists who have stolen our federal government" was unclear?
Because it wasn't. So, tell me. What do you think Marxism is?
My endorsement of Jon Stewart from the "AMC FAMILY"
th-cam.com/video/JZUChrd_iHY/w-d-xo.html
Stewart, out loud: "Really appreciate it. Fascinating."
Stewart, in his head: "Fascinating how you wouldn't give me one fucking straight answer to a simple question."
John Stewart is incredible. Keep up the good work.
The comic flair and the demanding in a nice way for answers to your questions. Love it man.
Wow. Irrefutable evidence, Gary Gensler is NOT for retail investors. Great on you Jon and your team. THIS is the interview we needed all along.
Absolutely
We were always waiting on Joe Rogan to do it but thank you Jon!
Congress is the problem. If Gary starts shit talking like apes, nothing will get done!
No worries ... this will show and make everyone pull their $ out of this disgusting market
@@dagainsta6253 Not as long as there's money to be made. Retail investors only hold about 14%. If they all collectively pulled their money out tomorrow, the market would dip some, and the corporations would just buy up all the stock at a discount.
You're a legend for doing this! Who would've thought one year ago we'd be blessed by this incredible support!
Amen
Bravo @JonStewart!!! Please follow through with this we need you on our side.
Thank you John Stewart for the work your doing on this subject 🙏🏻
Thanks for trying Mr. Stewart. I never thought I would see Gensler "answering questions"
SEC: you committed a fraudulent act to the tune of 11 billion dollars which you pocketed. Here is a fine for 250k. You learned your lesson right?
Hedge Fund/Market Makers: Mmmhmm
Indeed
Plus, as we saw here, they don't even collect all of the fines!!
@@calm2348 did't Jon Stewart say SEC doesn't collect 50% of the fines and GG didn't disagree
Insery mini me meme.
@@TronCasper yeah? You and I apparently agree with what we saw in the video lol
Thank you for covering this, Jon and team!
Jon: "Can you get anything done to help the public fight this corruption", Gensler, "No..I'm too busy getting things done".. EVERYONE ELSE- "WHAT?!?!?!?!?!?"
"Give us a little bit more time"
"Ill come back in a year"
"We need more time than a year"....
Jesus man, more than a year?
Don't forget about "see you next year and by that time we will have a total different financial system'
Only hodl another year and we'll moooon..... every fucking meme stock investor..... guess Gary is one too 😏
All they have to do is run out the clock. There's no incentive to do otherwise.
The system is working as its designed to do. Benefit the wealthy. They aren't going to change that anytime soon.
@@SomeTH-camTraveler apes are the clock and it doesnt look like theyre running anywhere.
This is so great, surprised Gensler agreed to this interview. BRING JUSTICE AGAINST THESE CRIMINAL PRACTICES! Protect the retail investor Gary!
Gary won't he worked for Hillary and paid the tech companies to spy on Trump, Gary Gensler is looking at Treason charges so he's done for unless he was working under cover he's going to rot in prison
Don't you get it yet? They sound nice, but you have to ignore their words. Concentrate on their ACTIONS, but pay real close attention to their INACTIONS, to get a real picture of their loyalties.
That's what you took from this interview? This dude is a BS artist... Like he said take out the little guys... DOJ wants to charge DFV,why do you think he's no longer active on social media?
@@JesusSanchez-xu2is LOL you're going off of if someone has a social media or not??? G T F O now you sound really really ROOKIE
@@JesusSanchez-xu2is naa im aware....just trying to b optimistic, sec is obviously complicit but this is what we're hopin to change
Jon is so calm and eloquent in the way he brings heavy topics that can be discussed
This is my favorite series ever on Apple+! Thank you for actually caring about the average Joe.
I was immediately taken back by how quickly he equated capitalist economic structure and the governing body as the SAME system. He literally couldn't even playfully imagine an alternative.
It’s like a bunch of crooks putting one of their own in charge of law enforcement.
@@jgmediting7770 You know he came from Goldman Sachs right?
He doesn't want to imagine another system because he has the corrupt system running the way he wants it to in my opinion.
It is funny how incapable he is of understanding that difference. Almost like his pay check is dependant on him not seeing a difference or something?
What I heard:
"Is this the best, can we have a better system?"
"I believe in this system."
"Could it be better, could we use what the people have brought up about all these issues?"
"I work in the system we got."
"Dream man!"
"No, but we've given people awards."
Ugh, SEC can't even look like they're thinking about trying to maybe improve.
Indeed
The awards bit baffled me.
America: We have a shitty system, but hell if we're going to improve it -- even when there are already definitively better systems in other countries.
Because the SEC is part of the problem! SEC, hedge funds, etc all are the same people! They all come from the same place.
Same here, dude is clinging to the status quo like a coward.
Why haven't more people seen this Interview?! Jon is FANTASTIC at nailing them down
such well done interview. Jon did such a great job in delicately handling such a high profile individual.
Admire Jon's integrity, have forever respected him because of his honesty and effort for changing the corrupt system.👍👍
Too bad that's OUR job, not one man's. Most of the population believes right or left are right or wrong and would rather point fingers than actually do research to what is really going on. Bunch of sheep all of you democrats and Republicans. YOU'RE ALL THE PROBLEM.
Did he even answer a single question????
Thank you John for speaking the truth of what you see.
Seriously!
Jon really didn't give him a chance. Jon kept talking over him.
@@cmath6454
No he didn’t do that at all.
Yes he said he confessed to being a paid off scum bag. I think that was as clear as a bell.
Thank you for bringing this to light !!!!
All the millions apes appreciate you and your wonderful team Jon, keep fighting with us.
... "I'd love to help you and the general public Jon, but it doesn't really benefit me, my wealth or the institutions who like things just as they are - anyway, take care Jon and thanks again for the interview" - Gary Gensler
Finally some one getting the message too Gary Gensler !!!
Thank you John. I never agree with all your ideas, but I love your professionalism, knowledge, and dedication to everything you do. The SEC seems lost.
The one thing I'm taking away from watching this series is that the people who have power do not want anything to change and will fight change at all costs.
You let Robinhood IPO after they committed Rico Acts! You are complicit and deserve the same punishment as colluding or you lie. It's ok to lie....
Jon has always been a straight shooter and I have always loved his interviews
Keep pushing deeper on this topic. Good work!
Even when Jim Cramer openly admitted to engaging in market manipulation when he was a fund manager, the SEC sat on their hands. Elon Musk is right to call them the Shortseller Enrichment Commission.
Elon isn't the best example of a "moral" man to be calling out the corruption of the stock market
He can still be right, but I'll respect him when he starts calling out his own bullshit
I did, in public, tell a woman I did something because of the market price of crude oil.
No one called me out on it.
Jon Stewart is the only person in mainstream media I trust. More power to that guy.
This is what we need. Thank you so much for taking GG to grill! We've been getting our butts kicked by dark pools, pfof, and insider crap. Please keep up the good work
Absolutely
Jon really shows how DEEPLY ENTRENCHED these “captains of industry” really are. And within seconds!
YOURE AN ANGEL FROM ABOVE JON. KEEP IT UP!!!!
Good Lord! Gary, the system is broken! Take your blinders off!
The system paid for Gary's house and car, and his vacation every year...
It’s only broken from the POV of the general population. It works exactly as it should from the POV of capital. He’s there to ensure the system remains ‘broken’. It’s like a bunch of crooks putting another crook in charge of law enforcement. Capitalists have put another capitalist in charge of policing capitalism. The upshot of that is capital can do what it wants.
@@jgmediting7770 agreed.
It's not broken it's doing exactly what it's designed to do.
Great job John! We need more voices like yours behind this corruption!
Jon is a fucking legend! I keep wondering why celebrities are so quiet on the meme stops. I can only conclude that they're run by these companies and they hold their investments. Youre going against the grain Jon, and we appreciate you more than you realize!
LFG! 🚀
man I wish all journalists had this much integrity what great questions
Gensler .. do something
Unlike most mainstream TV reporters, Jon seems to do enough homework beforehand to actually ask challenging questions.
I always love coming back to this and seeing Gary throw the DOJ under the bus 😂😂
Jon Stewart has the amazing super power of getting people to straight up confess, and somehow nothing ever happens to them for their confessions.
Well this should have 4 million views pretty damn quick!!
His response to "is there a better system" is "I love democracy!" Because he's desperate to keep up the charade that _democracy_ and _capitalism_ are the same thing.
Thank you Mr. Stewart for exposing the problem.
Excellent interview, great questions
Finally a "normal" interview, asking gary to the point questions.
Gary did really badly here sadly....
He's a plant what else would u expect of him, compromised, complicit, just blowing smoke up our holes, I digress 😤
@@fee_ic4981 He definitely seemed to me like someone who was appointed intentionally to do a horrible job, and who knows it and is at least a little embarrassed about it.
@@12x2richter YUP
One of Gary's parents had to have been a turtle. At least one
@@toddinthemiddle he looks like mitch's long lost son
SEC taking credit for "catching" madoff is laughable. He operated for over 2 decades and someone outside of the SEC had reported him multiple times over the years to the SEC
exactly,plus they allowed madoff to get to $50 billion dollars,,,,,,bernie was just the fall guy,,,there were a bunch in on it that they kept silent
As soon as he said “I want to get things done for the investing public” I realized the whole point of the sec is to protect the top 10% who own 90% of the stock market. It’s a institution to protect the rich.
what an amazing interview.
Gensler was left without words... He truly doesnt know what to say. Jon destroyed him. WHERE ARE THE RULES GARY? WHEN THEY APPLY? PFFF
P-A-T-H-E-T-I-C
Bigger fines because they just pay to play. Buy and hodl apes🦍🚀💎🙌
Keep keepin' on, Jon. You're the man.
Thank you John !
Wow I just gained so much noble respect for Mr. Stewart and he is doing divine work asking the interview the world needed to hear and see!
John Stewart...you are on the right path.
Thanks John!
Thanks, Jon!
Painful. As someone else said on this board: Gensler unknowingly just told the whole world how useless the SEC really is.
True that!
Exactly!
Commenter "Blackie" said that, and it's true, but others have pointed this out before. The 'watchdog' has a buddy, and it ain't retail.
they have been defanged by the laws our congress has passed and the supreme court has upheld. and only the doj can get criminal charges sec cant put anyone in jail
They've not simply defanged the laws, they rotate the Wall St. guys in and out of this government agency. Hence, Gensler. Equally disheartening is that everything said here is also true of the FCC (Federal Communications Commission), which currently allows the corruption of information services infrastructure and the Fourth Estate.
Go after the gatekeepers ey? Well lets start with GG himself.
Jon Stewart....my owe my...thank you, sir! Just...thank you.
Thank you 🙏🏻
Fundamentally stocks still don't make sense at their valuation. There is still fear of holding cash
The market is now more volatile than i have ever witnessed before. no one knows the best financial move to be made at the situation.>
@@bobbygunz9254 its pretty farfetched for hodlers only... I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. It’s a long term plan for me so I invest and re-invest. building wealth involves developing good investment habit and understanding.
@@claradidi7573 its pretty farfetched for hodlers only... I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. It’s a long term plan for me so I invest and re-invest. building wealth involves developing good investment habit and understanding.
@@viviangall1786 < I let my portfolio mirror a licensed and recognised Financial - Advisor ”NICOLE ANN SABIN” stock picks/trades like it is done in etoro, She is quite known for her services you can do a web search on her using her full name. Ended q4 of 2021 with $143,670 in raw profits.>
Can you blame them? I don’t want to hold cash right now, either.
Media take note, that is how you ask real tough questions that need to be asked. Too often they refuse to take the gloves off and only ask softball questions and let them weasel way out of real answers.
Seriously. If they're even able to weasel out of decent questions, how easy is it for them to bullshit on mainstream media?
Good work🔥
John: “Take out the little guy.”
Gary: “No, no, no! The gate keepers.”
🤣
I love the way Jon kept his foot on his neck and didn't let up. Did it accomplish anything? Probably not but I missed Jon's interviews because of how intelligent and thorough he is and can wear them down past their
the BS responses that slide by on other networks.
This is why I used to like Meet the Press. The original host used to press the people he had on. They would still spit nonsense but it was blatantly obvious they were lying.
Gary dodging bullets better than Neo in the matrix. Fucking rigged market.
Will you share the full interview? I feel like we didn’t get to hear a single full answer from Mr. Gensler and that the edit gives Mr. Stewart as much as time asking questions as Mr. Gensler gets answering.
Amazing content
Thx Jon and Gary.. looking forward to March 3..
"Agile" and "crowd sourcing" are only buzz words to suits at this level. These are modern tools for engineering systems but they're being used as marketing devices. Gensler et. al. can't make use of tools they haven't begun to comprehend. If this preview is indicative, Gensler won't even think outside his SEC cube.
Or they know it would work better and don't want it to.
Generally, insofar aware, power protects power with less regard to partisanship and more to institutions, though the latter seems more accurate in decades past to present when Dems have power. Exceptions are cropping up, granted.
The SEC is run primarily by a bunch of lawyers, not engineers.
This reminds me of Johns interview years ago with someone from the department of education.. literally couldn’t think outside the box at all.
Protect John Stewart at all costs
I always like it when someone answers a question with, "No no, you don't understand. It's very complicated and so I won't explain to you why you're wrong."
Thank you Mr. Stewart for bringing up great points/questions. We don’t evolve unless we are willing to change. What I heard was this is the way things have always been done so let’s work within the confines of the system.
Complexity in both the stock market and tax system makes it easier for those in the know to game the system. This complexity is not there to benefit the 99%. When I was younger, I thought the stock market existed for people to be able to invest in the future success of businesses. This notion was shattered when I learned of the option to short stocks.
Damn yes keep it up.
Mr. John Stewart, thank you sir for making this guy squirm. I really appreciate this. God bless you and all my fellow Apes.💪🏽🦍🇺🇸💚
Finally, a voice for the voiceless with influence and reach! You're asking and saying everything we've ever wanted to too! I especially appreciate the comment about how next year will be a new market already; we need change now!
What a great guy that Jon!
That's interesting conversation