Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

TYT interviews Michael Schlachter about PIP and TALF, Geithner rip-offs

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Political Videos Donate to DU
 
ProfessorPlum Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-08-10 02:39 PM
Original message
TYT interviews Michael Schlachter about PIP and TALF, Geithner rip-offs
 
Run time: 19:24
https://www.youtube.com/watch?v=SQ-gKxCk4dA
 
Posted on YouTube: January 07, 2010
By YouTube Member:
Views on YouTube: 0
 
Posted on DU: January 08, 2010
By DU Member: ProfessorPlum
Views on DU: 458
 
I'm not sure what to make of this interview. It seems clear that in Schlachter's article, he rips on banks from profiting from their fraudulent assets twice, and Cenk expected him to be down on Geithner for structuring the bailouts in such a way to allow them to do that. They come back to the article at the end of the interview.

On the other hand, throughout the bulk of the interview, Cenk keeps trying to steer the guy toward admitting that the US taxpayer has been taken on an enormous ride based on the way this largess was doled out with essentially no strings and little benefit to taxpayers. Schlachter, who seems to be a corporate man, keeps apologizing for Geithner's actions in exactly the same way as we've heard before: "but everyone was saying this was a big crisis".

This is the core of the Shock Doctrine. Talk up a big crisis, about how the rich absolutely need to steal public money. After the theft, keep talking about how "scary" the fearmongering at the time was, to cover your tracks.

I'm with Cenk on this one. The banks via their government toadies hosed us. And this guy is abetting the theft of public money into private pockets.
Printer Friendly | Permalink |  | Top
ihavenobias Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-08-10 02:42 PM
Response to Original message
1. You pretty much summed up what I thought of the interview.
Good SD reference BTW.

Here are 3 Easy Steps to Vote for TYT once every day through January 15th 2010 at :

1. Use the drop down box to select Best News or Politics Web Series

2. For Series Name enter The Young Turks

3. For Series URL enter www.theyoungturks.com

Note: Only ONE vote per IP address per day. If you live with someone who wants to vote, please encourage her/him/them to vote at work, school or a friend's house (only once per day). Also, it's optional to log-in to your Twitter account before you vote so that your nomination will post on your page.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon May 06th 2024, 05:21 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Political Videos Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC