Bernie Sanders and Timothy Geithner
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Senator Bernie Sanders talks with Treasury Secretary Tim Geithner about accountability at Wall Street companies that have received federal assistance. This took place at a hearing of the Senate Budget Committee
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Every video, article, piece of information I receive/watch about Bernie... The more I like him and trust that he will lead this country FOR THE PEOPLE and not the corporations.
he's still a Marxist ... almost as bad ass as a capitalist ... afortiori!
+Duane Kosmicki Then you don't know one fucking thing about Marxism and what its ideology is about. read a book.
Wanna bet shill?
Read over 10,000 books - not just the internet ... What a troll wannabe!
Duane Kosmicki No, you have not. No man who has read over 10k books would throw the word Marxist around as callously and idiotically as you.
Bernie Sanders conviction is unparalleled.
+SlugHatchet CONVICTION!
Sanders'?
top five rappers of all time
1 Bernie Sanders
2 Bernie Sanders
3 Bernie Sanders
4 Bernie Sanders
5 Bernie Sanders
wrr
Six years later and nobody went to jail or even fired.
+kidthump Here's an incomplete list of financial companies whose leaders and CEOs lost their jobs: AIG, Lehman Brothers, Morgan Stanley, Bear Stearns, Bank of America, Fannie Mae, Freddie Mac, Wachovia, Washington Mutual, Countrywide, and (a bit late) Citigroup. This line is a bit of "truthiness." It FEELS true, but all the worst guys are long gone.
Andrew Palmer All gone with golden parachutes. No justice.
No justice no peace.
@@AndrewPalmerJazz bullshit, just picking one: Morgan Stanley CEO John J. Mack *not only* keep his job...(when he should have been sent to jail), the firm received a bailout of 107 *billon* from the fed...he keep his happy chair until 2012, no charges.
Im speechless again, another bernie video, honest to goodness, i didnt know who this great man was 2 years ago, i could cry or kick a table, the injustice of the media to not give this man more light, (crying) the countless people, women children who he could have helped, SHAME ON THIS COUNTRIES MEDIA SHAME ON MSNBC, SHAME ON YOU CNN, CBS NEWS, SHAME ON YOU POLITICIANS, THIS MAN IN A GREAT CARING MAN, and they went out of their way to belittle and hide him.
so glad you found Bernie, spread these videos far and wide! he is the real deal! check out rep Tim ryan from ohio as well. another gem who fights for the middle class that the media hides.
I swear to you all, the appointment of Geithner was the day Obama lost me. The day he proved to me that he's just like everyone else. And I am a lifetime liberal. The NDAA, the bailouts, the lack of single payor, the complete overuse of the espionage act of 1917.....only of late has the now President even started acting like a liberal.....but it's too late. FEEL THE BERN 2016
+David Hutchinson Obama is a disappointment, just another puppet.
+David Hutchinson Geithner was the President of the Feral Reserve Bank of New York overseeing the Wall Street banks prior to the Lehman crash and consequent financial crisis.The President appointed him from that position, to the cabinet position of Secretary of the Treasury, in his administration. I knew then, and there, Obama is nothing more than a hand puppet of corporate America. Obama has spent more time, with his family, out of the country than he has spent in this country. He has put more hours on AF1 than any President in history flying around the world on a 8 year golf vacation at the taxpayer's expense while the citizenry have been bleed dry and driven into poverty.
They will never get the stank of the Wookie out of the White House. They will need a tanker truck full of Febreeze, but they will never get the stench out!
The Feral Reserve Bank Corporation had, in 1913, a balance sheet of zero dollars and a currency backed by gold. Now we have a fiat currency and $19 trillion public debt back by the full faith of the American taxpayer. $4.5 trillion of that public debt resides on the Feral Reserve Bank Corporations balance sheet, representing money lent to Wall Street banks at a, virtually, 0% interst rate: www.federalreserve.gov/releases/h41/current/h41.pdf
+David Hutchinson Totally agree with you. This slimy SOB Geithner was in league with those CEOs to swindle the monies from the government. How Obama could have let this SOB become the treasury secretary was shocking to me too. I wonder if there is a statue of limitation for fraud committed by Geither. Surely, whoever dispensed the monies from the treasury must have a record of where these funds where disbursed, when, how much, etc. Geithner is the one who ordered its disbursement. Why didn't any of the people in the treasury come forward?
These guys who answer questions protect them so they can get a job in the private sector after "serving". Tim's new employer won't say how much he will be paid. must me a lot of Cashhhhhhhhhhhhhhhhhhh.
This is the leader america DOESNT deserve
like a former president of the new york federal reserve would do anything to hold his bankster buddies on wall street to account..
Notice how the banksters absolutely will NOT answer a question directly? These banksters need to pay some consequrnces for their evasion and perhaps lies.
I also have 2 say..I severely doubt that we're ever goin 2 see those tax dollars we spent into these companies back into our pockets...It just seems absurd to me that people like us..the hard grinders..the day in day out workers who actually keep the system afloat have very little say in where the system should lead us, where the country should lead us or where its even going...I for one have not seen any equity return on my share of the tax dollars that have been used to bail these guys out...
Banks should be able to fail. Deposits are insured. There are plenty of banks out there.
I consider myself a conservative, and as liberal as Senator Sanders is, I admire his charisma and passion. At times, I even find myself agreeing with him.
Why do they still have these hearings when they never get a straight answer from anyone? Thank God for Bernie Sanders and Ron Paul for all they do and ask even if they never get an answer.
Well said my friend; there is only a small percentage of people in this country that adhere to Democratic or Republican principles one by one... we can find common ground, it just takes people like Senator Sanders and Senator Paul who stand by their gut principles over party principles... even then, they can come to agree.
Geithner is awesome! he;s like a Robot that can't deviate from his course! He doesn't hear a question, he just runs his pre-programmed answers.
[robot voice] "We will Work for transparanency. We Will work for the economy" [/robot coice]
Bringing a new level of disclosure doesn't say higher or lower
Classic mob mentality by Bernie which he usually does not exhibit. Mr Geithner was a hero.
Jose Giovanni a hero to whom?
Besides Obama saving the country from another great depression, here are some accomplishments:
1. Getting further along in the health care reform debate than any previous president.
2. Creating the "Office of Urban Policy" which has funneled money to inner-city areas to combat the youth gang problem.
3. Engaging the Muslim world.
4. The largest forest covservation act in 15 years--Omnibus Public Land Management Act of 2009.
5. Cars--$2 billion in stimulus cash for advanced batteries systems.
Olicharthic rule is what this is about. Do yourself a favor look that up.
It is always the system that permit such annoyance...These ppl are just working around the system..Thats why i say theres no point in blaming these ppl; Theres always gonna be greedy scumbags like them at the top...We should rather focus on changing the system such that the distribution of wealth is more appropriate and the judicial system does not allow any discrepency or high leverage...And i agree with one thing tim says - Capital requirement would actually help in keeping systematic risk low
though i havent went around the block with him. i want sec Gethner out.
Most elected officials don't know too much about details, they know the shorthand they know the talking points and they have a general sense, but they are only capable of putting up a great, passionate show for their not-so-much-informed voters. I think Bernie might well be a good guy who cares about this country (and his political career too). But in this video he acted like an amatuer microsoft flight simulator gamer who is constantly skeptical of the perplexing, sometimes counter-intuitive practices that real pilots apply when they fly.
Irrelevant comment dork ... Stay on the subject matter bitch.
What makes you think this is irrelevent? Does he appear to know, or care to know the detailed fact that Chicago can only survive for less than 12 days without fresh credits flowing in from a functioning financial system? What this truncated video didn't show you is Bernie's short-term compassion. In a similar 1998 hearing he questioned Fed Chairman Alan Greenspan about the fact that 255 people in this world owned more wealth than the bottom 20% did. Greenspan explained that if you take all these people's wealth and just give it to all the bottom 20% who lived under $3 a day (at that time), it would only give each of them $1 a day for a year! Most of us prefer less concentration of wealth, but only strutural change, private ownership and good economics can fundamentally pull people out of poverty. He's taking advantage of Geitner sitting in the hot seat because, as a soon-to-be-candidate-again senator, his interest was to identify the problem, not to solve it.
***** Thanks for your comments. There is little doubt that the 2008 financial crisis was a de facto fraud, but the argument implying these frauds were unilaterally committed by these CEOs is an emotional one. I don't deny that fraudulent CEOs played a big role in the collapse but so did credit rating agencies, loan originators, real estate professionals, AND many individual citizens who were, at that time, cruising on the speculative tide. Over-accusing financial leaders is a cheap rhetoric that sounds great but does not touch on the fundamental structural issues, provides no constructive guides to overall economic and fiscal policies. Policies originated out of emotions and hates are generally the ones that push the country to the other extreme. Instead of finding accountability, some politicians are digging political gold out of it. As for "bailouts", there were many cash injections into depository institutions that were essentially taxpayers bailing out of taxpayers. And most importantly, as of December 2014, the US closed its books with a $15.3 billion profit on TARP, the "notorious bailouts" that Bernie voted against.
+BAviator Wen I appreciate that you want to illustrate the breadth and depth of the crisis that ensued when regulations were stripped and these banks were set free to speculate (and defraud) far and wide. Sanders was one of the few who voted against the repeal of Glass-Steagall. (The Warren-McCain re-introduction of which Hillary does not support).
I think however that you are missing the point that those CEOS who were in charge and did engineer this National and Global crash and depression have yea to admit guilt, be prosecuted or even be dismissed from their jobs. Some of us have not forgotten and Bernie stands with us.
If i spend a lot of time to decide about 10,20,50 millions here or there but dont know why put 2.3 Trillions!!!! I might not be comfortable the way i do my job or the committe and my partners at work. Who knows, jajaja
I have to disagree. Please tell me what you mean by "distribution of wealth"
2016 and blankfein is still ceo of goldman sachs
Sanders challenges these fools and makes them answer his questions when they try to answer anything other than what he asks
Who the fuck does the Secretary treasurer work for??
Everyone forgets that Timothy Geithner was the head of the New York Federal Reserve in 2008 before he was chosen to be Barack Obama’s Secretary of the Treasury=The fox was guarding the hen house.
Bernie Sanders Right Then And Right Now For America!
I love that he's not afraid to say, "Hey, dude, stop tap-dancing and answer the question!" We need more of that.
#berniesanders2016
3:15 trillion dollars at risk from FED we have no idea where one nickel of that money went!**************
ANSWER the questions, Geithner!!! Geesh!
Bernie is the Man! #BernieForPresident
Fuck, I keep thinking I love Bernie but maybe I'm disillusioned, but then I keep watching these. Simply amazing. He came on my radar in 2010, never thought I would get to vote for him to be our president.
ditto
Same here!
"our restaurant runs shitty."
"why?"
"the cook suck pretty fucking hard"
"got it. fire the waitresses, dont bring the customers their food, keep the cook and give him a raise"
"golden sir"
*Bernie Sanders POTUS 2020 ...*
#FeelTheBern
#BernieSanders2016
This man is for real! Bernie for the United Nations! The voice of reason.
Sander's is the best! Most honest politician I have ever seen.
Geithner got berned! Bernie FTW!
Bernie 4 America!
0:15 American people are outraged that wall st behaviors to crash
Every morning and every evening and most afternoons I've gotta get my Bernie fix ( thank you Utube). If he doesn't get the nomination I'm gonna being so Jonesin I don't know what I'll do. Fuck. I'll probably hit up the local AA meetings wit "Hello, my name is Tom and I'm a Bernaholic. It started slowly at first, but then I was sneaking away with my IPad 3 or 4 times a day looking for a fix, sometimes even late at night while the kids and missus were asleep I would be scouring TH-cam or Google news for some sweet Bernie stuff, you gotta help me, you gotta get him lectern man, otherwise I don't know how I'm gonna make it. Please, for the love of all that is sacred ...." then I'll probably collapse in full out babbling mode with some writhing spastic jerking movements, lord have pity.
Thanks again, Bernie! Senator, if you're reading this, hook me up with the girl to your right behind you.
Elsewhere Tim has such conviction, and I trust he knew what he was doing to fix the crisis. But in this, he sounds like another shady politician. The whole ordeal about justice not being served in the end is a bit disturbing. Tim has always said that the primary focus was to fix the system, to put out the fire, and then to punish the arsonists later. That punishment never came. And it's unfortunate, because for whatever the complicated reason why, everybody suddenly gets the impression Tim is a complete crook looking out for his banker cronies. It's human nature I suppose, that ambiguity breeds negativity and assumption. I just want answers.
Hi folks over here, i dont like Bernie just so you know
His preparation for these meetings is amazing....
Firing wasn't enough
Jail and confiscate their assets
2009 video wow
Thank god Geithner's retiring, I'm just scared to see who going to replace him.
I'm very proud of bernie sanders. so few politicians are willing to call powerful men like this out.
#BernieSanders2016 WILL BE PRESIDENT!!!!!!!!!!!!!!!!!!!!!
Welp. Isn't this awkward?
Here is the problem: Timothy Geithner is a Council on Foreign Relations member. Lloyd Blankfein is CFR. Of course, Goldman Sachs is a longtime CFR corp. In 2016, Bernie got F'd out of the nomination by CFR Debbie Wasserman-Schultz & CFR Swillery. I voted for Bernie & if he runs in 2020, I will surely vote for him again!
I love how you fight for the working class it's incredible and very motivating at the same time. I hope you are doing well Senator!
Timothy Geithner is a smug secretary. Watch Jason Chaffetz wipe that stupid grin off his face!
11 trillion dollars ! They gave themsselfa 11 trillion and have IRS calling us telling us we have to pay 111 back ! Lucerferian .
After med.GR ,,this girl is restricted to Woman's reservation,,and signs go up ,,this King Herod is a ominous King,,with a strange power, affecting US tall girl population
GO BERNIE!!!
Tall girls from mother of Jesus mom styles, black and white ,belong on a endangered species reservation,,signs need to go up ,
This girl on my med.deck is 6 foot 3,,was shot in the sternum,,and doesn't appear to be a bad eater
all this is hard to understand for a middle class guy making $40.000 a year. Their all in it. They all make money.they all thrive on this. The inmates are in charge of the prisoners!
everytime it seems like these crooks get off the hook by just sweet talking. american government in a nutshell
Btw, what about the tens of thousands of documents the SEC destroyed a while back??
Goldman Sac needs to Bail out College Debt Criss due to they did not pay anything back
Have their Jobs! Hell, 2009 was a banner bonus year for the Banksters........ at the taxpayers expense.
ROTFLMAO! ..........
What a SCAM!
Happy New Year!
There are ways to do that...There's nothing new to discover here..There is not a lack of discovery but a lack of will from the people already at a higher power..The people who are at the head of the pack right now will try anything to make sure the policy favors them over anybody else....As much as anyone else I would like to see some change in the system; fiscal and monetary policy; tax policy and the capital requirement condition...Thats where I believe they should start...
why is everyone hating on tim...he seems like the perfect guy for the job...Every single video I've watched about him; he has given a straight forward to the point answer...I dont see why noone likes him...If anything we need to work with him and the top execs so that we can get back the tax money..And i dont think there was any fraud committed...All the wallstreet execs deserves what they made and just cause there is one tiny bit financial crisis I dont think its right to blame them for it..
@wbg975 Many people dont consider the CFR or IMF "civil" service. Also many of Geithner's aides worked with AIG. In politics the dirt doesnt land on their feet but there is dirt all around them. Also anyone who acts like none of this could be seen coming a decade ago is a liar or very bad at their job. Plus the guy forgot to pay his taxes in a reasonable manner. As a head economist you would think taxes would not be hard to figure out.
@thisisnotmybag
here are some more Obama accomplishments:
6. Education: Creating policies to offset tuition costs for debt-loaded families--biggest one a $2,500 tax credit for undergrad students.
7. Pakistan--securing $5 billion in aid commitments to stabilize Pakistan's economy.
8. Communication--first administration consistently stream all media events online, creating many internet options to get info from WH.
9. Transportation--approving more than 2,500 highway proj's in 1st year
He let go of everyone who got him into office???? Axelrod and Gibbs, the two bigger players in his campaign are still on his team. Who exactly did he let go?
We shouldn't have a us vs them mentality when it comes to the banks. We are both at fault. Obama is the best president in our lifetimes, and I am damn proud of the things he has done to bring this country from the brink of another great depression.
I don't trust this Time Geithner wall street guy. And I don't understand Why Obama has banker's like Tim on his Economic team. Once he got in office he let go of everyone that got him into office and that opposed what these bankker's are all about and what they're doing and then put people like Giethner on the team. I question this. I voted for Obama but there is a huge big red flag here.
Citigroup is training people in India to take Americans job
@lilgurly1607 whats even more funny is that the politicians are almost as evil if not worst..than the bankers...so its like watching hitler and stalin comparing notes
Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy.
THE PEOPLE HAVE THE POWER TO END THE FED
So who do you blame? I hope your trolling. Otherwise I have a feeling your response is going to be GREAT!
@thisisnotmybag
Obama is perhaps the smartest, most competent president of our lifetimes.
Like I always said, we've been hijacked by bandits
Jewish Federal Reserve District Bank Presidents:
- Eric S. Rosengren - FRB of Boston
- Charles I. Plosser - FRB of Philadelphia
- Jeffrey M. Lacker - FRB of Richmond
- James B. Bullard - FRB of St. Louis
- Gary H. Stern- FRB of Minneapolis
- Thomas M. Hoenig - FRB of Kansas City
- Richard W. Fisher- FRB of Dallas
- Janet L. Yellen - FRB of San Francisco
- Stephen Friedman - Chairman, Board of Directors, FRB of New York
Wow. I don't know what Sanders was playing at in this, but all but the last question was irrelevant and unjustly made Geithner look bad. Those problems were not his job and were/are out of the Treasury's powers. In fact, most of those issues are the jobs of Congress. I mean, asking about if the heads of banks should be fired is insane because it's outside of his control and ridiculously stupid to give his moral answer to since he was currently working with them.
It is on the wrong institutional place but the importance of the question about the subject is f**king on point, and in practice no demands where placed...so he is right, sadly right.
This is disgusting. He was against bailouts knowing that it would destroy the lives of the American people.
No sir, what really destroy the lives of American people was the speculative/counting on the bailout, CEO's business diagram...that was what really fock us all. This gentleman was trying to asking-back *something* (man...at least kick the responsables, they should be in jail but *at least* fire them from their jobs...) spoiler: none of that happened. And you still defending them in 2020...it's so ironically sad.
At the end of the day nothing changed ..
I think the american people would not like to fire a person from a private company, even if is a criminal. Like argentinian people or just people i would prefer the law take care. I guess, jajaja.
Acá un argentino comentando...el tema es que apostaron fuerte sabiendo que contaban con el rescate estatal, el famoso "socialismo para los ricos" la gente, la nacion les salvo el culo...si vos timbeas y cuando caes sabes que te van a "donar" 7.77 trillones de dolares que te los guardas en el bolsillo...mereces ir en cana minimamente.
Quienes forzaron el mix de intereses privados con intereses estatales fueron los culpables...ninguno de ellos fue preso porque implicaba perder en ese mismo momento el privilegio mundial de primera potencia, pero mostraron la hilacha...es una cuestion de tiempo nomás.
Shit its on top, time for an alien invasion,
Geithner answers with the fear card .. can't hold the rich to account, because the recovery will collapse.
Now, ain't that special?
this comment was 11 years ago geeeez !!!!!!
I fucking love Bernie
damn that geithner is a weasel.
why don't i have a job
For the past couple weeks, the news anchors kept mentioning how Hillary seems to have pivoted her focus away from Sanders and more towards the GOP and the general election - as if she felt she already had the nomination locked up. Like yea she pivoted her attention away from Sanders - what in the world COULD she say against the man???
Who is the congressman sitting next to Bernie who leaves at 3:41?
He realizes he might be caught on camera sitting next to someone fighting against the people funding his campaigns.
It's Mafia !
I never trusted Geithner from the moment I laid eyes on him. I enjoyed watching Bernie put that garden gnome back in is place.
@2:30 you can see that Bernie frazzled the gal sitting back left of timmy boy.
I don't doubt what you say, honestly is makes more sense. With the knowledge of the market, previous failures and success, they should know what to do.
Distribution of Wealth means that we should make a system where some people can not horde unbelievable amounts of wealth whereas other people remain homeless...The gap should be tighter but instead it gets wider and wider
No that was a trying time. I was in college at the time and I watched tons of people lose their jobs. No one helped them. I have a feeling if things don't change people will take things to a extreme level. Hopefully this does not happen because it can be fixed with the proper individuals, who won't buy into a pyramid scheme.
Crazy : the rethoric of Geithner is really that of threat. His first answer is pure blackmail.
@supermariofj Paul and Sanders have very different philosophies. Sanders wants more government regulation over all (including the Fed) where Paul wants regulation and the Fed to go away.
Both are very interesting approaches.
Geithner knows (and enjoys) the fact that he has ignored Bernie's request for a yes or no answer.
agreed, I wasn't sure if you were referring to the trickle down theory. I honestly don't know how a regulation could stop the bleed out. I wish some one would find a way.