Friday, July 17th, 2009
Alan Grayson: Is there any way to save the system other than showering taxpayer money on banks?
This is from a March 5, 2009 Financial Services subcommittee hearing on ‘systemic risk’.
The witnesses are:
Ms. Orice Williams, Director, Financial Markets and Community Investment, Government Accountability Office
The Honorable Richard H. Baker, President and Chief Executive Officer, Managed Funds ociation
The Honorable Steve Bartlett, President and Chief Executive Officer, The Financial Services Roundtable
Dr. Therese Vaughan, Chief Executive Officer, National ociation of Insurance Commissioners
Mr. Robert A. DiMuccio, President and Chief Executive Officer, Amica Mutual Group
Mr. T. Timothy Ryan, Jr., President and Chief Executive Officer, Securities Industry and Financial Markets ociation
Duration : 0:5:27
Topics: ways to save money |
Comments RSS
Why does Grayson …
Why does Grayson dress like a 30s mafia gangster?
Not gonna lie, that …
Not gonna lie, that was a really good question. He sculpted the out of that question. Well played.
Why didnt they take …
Why didnt they take that money, put in on another lower risk hedge of somesort,
pay off what we owed to them and continued down some kind of entrepenaueral road to make money. This is absurd.
Why didnt they pay off our loans man ????rediculous.
Grayson, I wish you the best of health, may your work for us either wanted or unwanted go explained, I hope in your stint there, that you found the answers you were looking for thru all that garbage, even though I DIDNT.
At what dollar …
At what dollar number are “we” at the lowest of low of no return?
There MUST BE money SOMEWHERE where the are they digging these dollars from?
Or is that an answer that cannot be released either.
Mr Bartlett.
“the only way to save this economy is to start with the financial services industry”
Heh, I thought maybe a better approach would be to start with the people WHO NEED TO PAY BACK THE LOANS!
Start with us, the people, screw these institutions man, we need more jobs.
not sure if that …
not sure if that guy was kissing or giving an answer?
Here’s one solution …
Here’s one solution: “You are all fired, get out now”. Replace all the dead, corrupt wood, bring in a whole new crew and dont let them bribe Congress with “campaign contributions”.
When math can’t …
When math can’t save us we’re ed.
I had a …
I had a conversation with my father about why i think the credit system will fail. His only argument was: “the credit system can’t fail because our country is built on it….” Thats the only response I’ve heard from anybody.
THE ZEITGEIST …
THE ZEITGEIST MOVEMENT.
For the Win
To really look into …
To really look into the problem it seems to me would invite revolution….and the people on top would never want that!
It is eerily similar to investigating 911 and disturbing the well established sacred cow of ‘
Al-Qaeda.
Obama’s idea of “moving ahead and forgetting the past”, is really an action of sweeping all the bad stuff under the carpet.
The stuff is still with us today and will need to be addressed otherwise it doubtful we will progress much further!
Do you think these …
Do you think these people will give up their slice of the pie willingly? Can we maybe talk them into finding real jobs like changing tires or picking berries?
The guillotine will …
The guillotine will fix the problem like it didduring French Revolution. Get rid of the thieves, bankers families, kings, queens and the whole bunch of criminal bloodsuckers. If you put a million into a savings account ask the management to sign a personal guarantee on your money. They will refuse that.
We need a French …
We need a French style Revolution. All the bankers and their political friends beheaded in public by the Guillotine. A fast job. Problem solved.
Their “industry” is …
Their “industry” is facing real problems…
Well, their “industry” amounts to stealing trillions of other people’s savings using some fancy computer calculations and a gambling floor.
I don’t call that INDUSTRY.
What they real do is create giant pockets of artifical inflation and money from nothing called stocks, which is a hyped up bloated pile of paper across the board.
Failed real INDUSTRY (or just as fake businesses) ride the money stock wave and spreads the inflation paying wages.
dnt read this(cuz …
dnt read this(cuz it really wrks). u will gt kissd on the nearest frieday by the love of ur life. 2mara wll b the bst day of? ur life hwever if you dnt post ths comment 2 at least 3 vids u will die withn 2 days nw uv startd readn this dnt stp this is so scary snd ths ovr 2 5 vids in 143 mins when ur done press f6 nd ur crush’s name wll appear on the screen n big letters ths is so scary cuz it actully wrks ths really wrks
Is it me or are …
Is it me or are there some very interesting parallels with the language used in this video and those in The Matrix movie? “Systemic problems.” “Taking it to the core.”
I find it interesting, as well, that this “crisis” happened before nearly 100 years ago. To quote from The Matrix, “this is the sixth time we have destroyed Zion and, let me ure you, we are very good at it.”
I think we’ve been here before. Every third generation has their wealth stolen. It’s all a scam. Wake up people.
Its not an …
Its not an investment, Its SLAVERY. Bankers are not our master’s who own billion dollar homes that we work hard to build and go pay rent in our small hotel.
STOP ROBBING THE AMERICAN PEOPLE. The Government was set up for the people by the people. These BANKERS are so CLEVER they always pulling these type of tricks. Silly Bankster tricks are for KIDS.
Uhhh yeah the Banks …
Uhhh yeah the Banks took more money from us then people would realize…. The Shadow Government Banking Cartel.
That’s how they …
That’s how they force us to do things we don’t want to do, they create a war or a economic downfall, and everytime it happens we get closer and closer to dictatorship.
Do you not remember …
Do you not remember what happened during the depression, do you remember what caused it? If wall street fails, the banks fail, and our money becomes useless, we go into another depression, it will eventually happen, and we will get the equivalent to another federal reserve, but this time it will be the NAU and socialism, it was staged once to create the Fed and it is being staged again to create the NAU and eventually the NWO.
Listen to what this …
Listen to what this er says, if the financials don’t recover then there will be no economic recovery. Since when did a bank become a necessity for a market to work?
Hang everyone of these ers and Washington criminals included.
These ing banks …
These ing banks are not essential to our economic health, just more propaganda.
These rats know the …
These rats know the jig is up….they are scrambling to hide….expect another ‘attack’
its how they keep the sheep in line….
They will all burn in for eternity
Wow, this man is so …
Wow, this man is so cool. Wall street socialism! How right he is.
Ron Paul/Alan Grayson 2012!
hang them all
hang them all