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Sun Sep 15, 2013, 02:40 PM

Barney Frank Leaves Wall Street Defenders Speechless: Why Are Bankers ‘Paying Themselves So Much

Barney Frank Leaves Wall Street Defenders Speechless: Why Are Bankers ‘Paying Themselves So Much Money?’
http://thinkprogress.org/economy/2013/09/15/2622641/barney-frank-leaves-wall-street-defenders-speechless-paying-money/

As his fellow panelists sought to sidestep criticisms of the financial industry on the five-year anniversary of the bank failure that kicked the financial crisis and Great Recession into full swing, former congressman Barney Frank asked a simple question that brought Wall Street’s defenders up short. “To your question about those poor beleaguered bankers who have been forced to do so much,” Frank said, “why are they paying themselves so much money? Where did these enormous salaries come from if they were in fact in such serious trouble?”

Frank was responding to CNBC host Maria Bartiromo’s call to “get beyond the conversation of is Wall Street evil, are the bankers evil and causing pain” and instead look to economic growth as a cure-all for the vast inequality in income and wealth that has been exacerbated since the end of the recession. (Nevermind that the deregulation of the financial sector is a primary driver of inequality in the U.S.) His question produced several seconds of silence as Bartiromo and former Treasury Secretary Hank Paulson laughed nervously and looked to Meet The Press host David Gregory for help. As Bartiromo seemed about to respond to Frank, Gregory stepped in to change the subject.

Watch the exchange below:

BARTIROMO: We need to get beyond the conversation of is Wall Street evil? Are the bankers evil and causing pain? And toward the conversation of, how do you create sustainable economic growth? That will answer the issue of inequality. Because with growth comes jobs.


BARNEY FRANK: I do want to add one thing, though, to your question about those poor beleaguered bankers who have been forced to do so much to keep from not being able to pay their debts they can’t lend money. if they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money? Where did these enormous salaries come from if they were in fact in such serious trouble?




And of course Gregory did not let anyone answer

69 replies, 8025 views

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Reply Barney Frank Leaves Wall Street Defenders Speechless: Why Are Bankers ‘Paying Themselves So Much (Original post)
cal04 Sep 2013 OP
CrispyQ Sep 2013 #1
russspeakeasy Sep 2013 #44
Baitball Blogger Sep 2013 #2
sufrommich Sep 2013 #3
Rex Sep 2013 #4
Spitfire of ATJ Sep 2013 #5
99th_Monkey Sep 2013 #6
pacalo Sep 2013 #25
99th_Monkey Sep 2013 #31
kelliekat44 Sep 2013 #7
sufrommich Sep 2013 #8
IDemo Sep 2013 #15
Waiting For Everyman Sep 2013 #9
brentspeak Sep 2013 #10
rhett o rick Sep 2013 #42
calimary Sep 2013 #48
JackRiddler Sep 2013 #11
Uncle Joe Sep 2013 #27
JackRiddler Sep 2013 #29
Uncle Joe Sep 2013 #30
JackRiddler Sep 2013 #60
Uncle Joe Sep 2013 #63
JackRiddler Sep 2013 #65
Uncle Joe Sep 2013 #66
JackRiddler Sep 2013 #67
Uncle Joe Sep 2013 #68
kelliekat44 Sep 2013 #35
JackRiddler Sep 2013 #69
ljm2002 Sep 2013 #12
progressoid Sep 2013 #43
King_Klonopin Sep 2013 #47
uponit7771 Sep 2013 #62
on point Sep 2013 #13
JDPriestly Sep 2013 #14
Uncle Joe Sep 2013 #16
Jasana Sep 2013 #17
dballance Sep 2013 #21
Enthusiast Sep 2013 #22
Theyletmeeatcake2 Sep 2013 #18
JEB Sep 2013 #20
Theyletmeeatcake2 Sep 2013 #52
gopiscrap Sep 2013 #19
Cryptoad Sep 2013 #23
Lasher Sep 2013 #24
Uncle Joe Sep 2013 #26
Benton D Struckcheon Sep 2013 #28
Lasher Sep 2013 #34
adirondacker Sep 2013 #32
AAO Sep 2013 #33
Brigid Sep 2013 #36
benld74 Sep 2013 #37
LineReply .
blkmusclmachine Sep 2013 #38
Dustlawyer Sep 2013 #39
valerief Sep 2013 #40
freshwest Sep 2013 #41
BillyRibs Sep 2013 #45
YOHABLO Sep 2013 #46
DeSwiss Sep 2013 #49
B Calm Sep 2013 #50
jtuck004 Sep 2013 #51
Berlum Sep 2013 #53
Botany Sep 2013 #57
whathehell Sep 2013 #54
Sunlei Sep 2013 #55
Flatulo Sep 2013 #56
myrna minx Sep 2013 #58
elleng Sep 2013 #59
mountain grammy Sep 2013 #61
Enrique Sep 2013 #64

Response to cal04 (Original post)

Sun Sep 15, 2013, 02:47 PM

1. Was that ever a 'looking forward' speech by Bartiromo.

And Paulson couldn't agree more. Fuckers.

Go Barney! You threw them one they couldn't catch & they cowardly laughed it off.

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Response to CrispyQ (Reply #1)

Sun Sep 15, 2013, 11:20 PM

44. Your tag line says it all.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:00 PM

2. The price for failure is high, and even higher when you take in their salaries.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:02 PM

3. I just watched it,the rest of the panel laughed.

Said nothing,but laughed.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:10 PM

4. Of course they laughed, poverty and the working poor are a big joke

to the millionaire mouthpieces that makes up the M$M. Won't be so ha ha funny when half the country is below the poverty line and there is nothing left of the middle class.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:14 PM

5. "Meet The Press" is an infomercial for Wall Street.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:19 PM

6. I couldn't help notice Paulson's facial expression when Barney started talking

Last edited Sun Sep 15, 2013, 07:40 PM - Edit history (1)

I swear I saw a thought balloon over his head, saying
"Oh shit! Barney's going off-script"

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Response to 99th_Monkey (Reply #6)

Sun Sep 15, 2013, 06:17 PM

25. Same here!

It was as if common sense were extinct & Barney had no right to ask that question; what would the viewers think?!

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Response to pacalo (Reply #25)

Sun Sep 15, 2013, 07:41 PM

31. beautiful.

that's "the look" alright. lol

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:22 PM

7. Just fired off an e-mail to Meet the Press to find out why Gregory changed the subject to this huge

question. If we don't respond to stuff like this there will never be any pressure on bankster or the media to shape up. There ought to be a move in Congress to limit bankers pay and CEO pay until the pay gap between employees and themselves is reduced by 20% at least.

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Response to kelliekat44 (Reply #7)

Sun Sep 15, 2013, 03:25 PM

8. He didn't just change the subject,he laughed.

Laughed as in "let's all minimize what was just asked by answering with a hearty laugh".

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Response to kelliekat44 (Reply #7)

Sun Sep 15, 2013, 04:00 PM

15. Likely following the lead of Bill Inskeep (NPR)

Cut off Barney or change the subject to keep your RW friends and benefactors happy.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:28 PM

9. That's the one I've been waiting for someone to ask.

Thank you, Barney Frank. Now if that question would be asked in every segment on a financial topic, we might get something done about it.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:31 PM

10. "Gregory stepped in to change the subject"

Seven words which sums up David Gregory's entire career and his value to the elites.

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Response to brentspeak (Reply #10)

Sun Sep 15, 2013, 11:08 PM

42. I think he said we need to get beyond something. F him. He is a tool of the 1%. nm

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Response to brentspeak (Reply #10)

Mon Sep 16, 2013, 01:42 AM

48. He's frickin' USELESS. David Gregory is merely another wholly-owned subsidiary.

USELESS. Fawning, completely co-opted and corporate-owned. USELESS.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:42 PM

11. Because Barney Frank bailed them out.

As part of an establishment that claimed they were "too big to fail." Be it noted that 80 Democrats voted no on the second TARP vote. Frank was a key player in the 2008-2009 bailouts. Why didn't Barney Frank support liquidating the megabanks at that time? Why at least didn't he advocate removal of the megabank management and permanent limits on compensation as a condition of the bailouts? Why did he support a scheme to rescue the megabanks and to allow their executives to continue paying themselves, as well as to continue draining the economy for their own profit?

Here's a real truthteller on the banking front:
http://www.democraticunderground.com/10023672512

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Response to JackRiddler (Reply #11)

Sun Sep 15, 2013, 06:26 PM

27. That may be true as well and perhaps Frank has come

to realize the error of his ways, but that doesn't change the merit of this OP.

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Response to Uncle Joe (Reply #27)

Sun Sep 15, 2013, 06:34 PM

29. Again, here's a real truthteller on the banking front:

Neil Barofsky
http://www.democraticunderground.com/10023672512

One of many.

Frank's remarks are true but also generic. They're only interesting because they were said to that particular crowd on one of the Sunday shows. (An institution I am proud to say I have never watched!)

It's not just the pay that must change, but an entire rotten system that Frank also served, not least in his lame substitute for reform, which does nothing to prevent a repeat of the crash and next to nothing to end predatory banking.

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Response to JackRiddler (Reply #29)

Sun Sep 15, 2013, 06:41 PM

30. They weren't just said to "that particular crowd"

it was said to everyone watching and that's quite a few people.

I agree the rotten system needs to be changed as well, but as I stated above perhaps Frank has learned the error of his was and will push for serious banking reform this time around.

I believe he sees the writing on the wall in regards to public opinion on this issue.

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Response to Uncle Joe (Reply #30)

Mon Sep 16, 2013, 11:17 AM

60. Frank has retired.

I notice sometimes successful career politicians (and generals too) get a bug of the truth-telling as soon as they have removed themselves from the direct lawmaking and governing processes, i.e., soon as it makes no difference. Turn things around when you're at the steering wheel or admit the system's politically bankrupt.

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Response to JackRiddler (Reply #60)

Mon Sep 16, 2013, 12:05 PM

63. To be honest, that's something I didn't know or had forgotten.

But I do believe his message to the American People via MTP still makes a difference, reinforcing the publics' already lopsided opinion re: this issue and to that of other progressive political leaders still in power adding to their political power.

Look at this way, you say CEO pay makes no difference in the larger scheme of things but it most assuredly makes a difference to the overpaid CEOs and upper management bilking the American Taxpayers.

Frank's argument only fuels more credence to the low esteem the people already have for the banking system in its' current manifestation and that in turn supplements the political power of politicians in office now and those running in future elections on the banking reform issue.

This isn't a static situation, all voices speaking the truth should be welcome whether they're with sin or without.

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Response to Uncle Joe (Reply #63)

Mon Sep 16, 2013, 12:22 PM

65. Just a correction...

"you say CEO pay makes no difference in the larger scheme of things"

oh, I don't say. Absolutely not. The Wall Street incentive structure drives the crisis, and is intentionally designed to reward the most ruthless, brutal and sociopathic. Nothing but deals and volume count toward bonuses. When people point out how much bigger the systemic losses are in comparison to the executive and top trader pay in salary and of course bonuses, I always liken it to the poacher and the elephant. The poacher kills a six-ton elephant just to get 20 or 30 pounds of ivory. The poacher doesn't care about the dead elephant, or the six tons of rotting flesh left on the prairie. The poacher just wants that personal prize. Same thing with the motherfuckers. The reward system is set up for them, and they are sociopathic and reckless and unmindful enough, that they will happily see even their own institutions crash, causing trillions in damage to all, as long as they personally make off with tens or hundreds of millions as their own prize and need not worry about prosecution. That, by the way, is why prosecution is so important: no personal consequences, no deterrence. (Deterrence theory doesn't work with street crime but would do spectacularly well with Goldman Sachs. They need to be preemptively raided, hogtied, interrogated, made to rat each other out, etc., like any common drug operation, since of course their criminality is infinitely greater.)

All that doesn't mean Frank's statement isn't generic and too late, but okay! Appreciated compared to nothing. I just wanted a corrective to the blind following every time a "D" says something good. It's just a fact that this was an engineer of the bailout, well accommodated with the banksters even if he has been critical from a non-system-threatening perspective. And now he talks more radical once he's out of the House. The latter especially doesn't impress me.

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Response to JackRiddler (Reply #65)

Mon Sep 16, 2013, 12:39 PM

66. I totally agree in regards to prosecution and banking reform.

But the public sees it all as pay, whether it be stock bonuses or salary.

It only takes one more step to link stock bonuses and corporate book manipulation.

I believe the stage is being set for serious banking reform because the public political atmosphere is demanding it, Frank's statement only helped to inflame public disgust.

It's all part of the "demonization" process, sometimes it's warranted.

The subject on MTP was the publics' abysmally low regard for the banksters, Gregory had two most definite advocates for them on his program in the hopes of using his propaganda to turn that public enmity around, Frank put a definite roadblock in that mass brainwashing attempt.

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Response to Uncle Joe (Reply #66)

Mon Sep 16, 2013, 01:02 PM

67. Good for him, in the end.

When he does right, it's right.

I do wonder how much "mass" is involved in MTP any more, which is more Beltway talking to itself, but when he does right, it's right.

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Response to JackRiddler (Reply #67)

Mon Sep 16, 2013, 01:04 PM

68. At least a few million people, I imagine.

Peace to you, JackRiddler.

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Response to JackRiddler (Reply #11)

Sun Sep 15, 2013, 08:58 PM

35. He may have signed on to the bailout but he didn't sign on to their obscene pay. nt

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Response to kelliekat44 (Reply #35)

Mon Sep 16, 2013, 01:11 PM

69. Right, except that the bailout is...

the absolute prerequisite for their continuing to cash in obscene pay.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:43 PM

12. Okay, I usually don't use this term...

...but David Gregory is a douchebag. The way he jumped in to rescue the situation, was just so ridiculously blatant.

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Response to ljm2002 (Reply #12)

Sun Sep 15, 2013, 11:19 PM

43. That's being kind.

I only see Gregory on these small clips anymore (can't stand to watch him for more than 3 minutes at a time), and he rarely avoids douchebaggery.

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Response to ljm2002 (Reply #12)

Mon Sep 16, 2013, 01:34 AM

47. Why do we protect the abusers and abandon the abused?

General context of the dialogue:

Frank: (addressing Gregory) Hey, you know what? Mr Paulson and his friends stoled our money and punched us all in the face. Everybody knows it.

Paulson: (nervous laughter, glares at Barney with clenched rage) Bless his heart! He doesn't really understand what happened. Just ignore him.

Bartiromo: We know, Barney; but can't we just put all that behind us? We shouldn't talk about Mr Paulson like this in front of strangers. You're embarrassing him, sweetie. He's not a bad man; he's successful.

Frank: But they did something wrong and never said they were sorry, never said why they did it, never gave us back our money. I thought stealing and being greedy were bad things?

Gregory: (nervous laughter) Smart boy ! (pats Barney on the head) Mr Paulson and his pals never intended to hurt anybody, Barney. They are just misunderstood. Who wants ice cream ?!

Bartiromo and Paulson: We do!

Frank: (addressing Gregory) And they're still doing it, too.

Gregory, Bartiromo and Paulson: (yuk yuk yuk)

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Response to ljm2002 (Reply #12)

Mon Sep 16, 2013, 11:50 AM

62. +1, Gregory bailed the bankster apologist out

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:46 PM

13. I am in favor of claw backs to strip them of their ill gotten salaries, bonuses and pensions

I think there is a case to be made these things were gotten fraudulently as they manipulated and misstated he state of their business earnings to take that remuneration

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Response to cal04 (Original post)

Sun Sep 15, 2013, 03:53 PM

14. There is no "beyond" as long as bankers pay themselves such out of proportion salaries and bonuses.

Last edited Sun Sep 15, 2013, 09:52 PM - Edit history (1)

The bankers take home what they can because they can.

When a poor man does that, we call him a thief.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 04:04 PM

16. That was a classic example of corporate media manipulation. After Frank's

comment about why are these banker (business owners) paying themselves so much if they're hurting and can't make money, Paulson starts giving the eye toward Gregory for his own bailout and as Bartirmomo begins to stumble in trying to defend a defenseless issue, corporate supremacist mouth puppet Gregory comes to the rescue and changes the subject.

Thanks for the thread, cal.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 04:23 PM

17. Oh Ha, Ha, Ha, very funny! It makes the blood boil. Idiots!

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Response to Jasana (Reply #17)

Sun Sep 15, 2013, 05:29 PM

21. You are absolutey Correct

Mr. Frank asks a serious question but it is laughed off by the news heads.

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Response to Jasana (Reply #17)

Sun Sep 15, 2013, 05:43 PM

22. Not idiots. Ruthless criminal millionaires.

This is the real scandal of the 2000s. Not the stolen elections and Iraq, as if they aren't bad enough, but the greatest act of theft in world history.

And this is the reason we can no longer have a real media. A real media would have exposed these miscreants for what they are, we would have had them in prison and we would have had real financial reform.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 04:54 PM

18. All those free marketeers out can never explain this because it's an outright ripoff!

They harp on how there has to be low wages and conditions to be able to be competitive.That's ok for their workers but when it comes to management all that flys out the window.It confounds me that what is basically a worker can get millions of dollars as a wage.They have golden parachutes in their contracts that ensures that no matter how much they stuff up they can still walk away with a few years loot.They basically take no risk but are rewarded handsomely.I don't takeaway from the entrepreneurs out there that take the risk and have 'skin in the game' .the reasons for their rewards are that they take risk and invest heavily and can fail.But how can some management parasite come in and demand dream conditions with absolutely no risk except to his reputation.And I'm sure the millions can go a fair way to sooth any pain felt.A worker doesn't perform and they get sacked with a minimal redundancy package of a few weeks pay if they're lucky.A simple explanation would be nice but as in the filmclip won't be forthcoming as they're defending the indefensible . The rorters are protecting their patch and are so greedy they don't give a fuck!

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Response to Theyletmeeatcake2 (Reply #18)

Sun Sep 15, 2013, 05:26 PM

20. For half the price

I'm sure I could destroy the economy and kill most of the middle class.

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Response to JEB (Reply #20)

Mon Sep 16, 2013, 05:19 AM

52. Unfortunately the guys doing a perfectly good job

But as his renumeration is so much we can't take you on anyway.

We wish you well with the job hunting!!

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Response to cal04 (Original post)

Sun Sep 15, 2013, 05:23 PM

19. Good for Barney Frank

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Response to cal04 (Original post)

Sun Sep 15, 2013, 05:47 PM

23. Does anybody here really thing

the GOP is ever going to allow legislation to pass that would really help correct this injustice as long as they control Congress?


Bridges for Sale?

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Response to cal04 (Original post)

Sun Sep 15, 2013, 05:54 PM

24. What a shame, an actual debate was about to be had.

Gregory felt the producers tugging at his leash and shut it down. That's why I stopped watching this shit. Meaningful dialog is prohibited.

Too bad Governor Patrick chose his crony, Mo Cowan, to serve Kerry's unexpired Senate term. Barney would have been awesome there.

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Response to Lasher (Reply #24)

Sun Sep 15, 2013, 06:21 PM

26. And that's not to mention they had two bankster advocates against one

on the program, par for the course.

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Response to Uncle Joe (Reply #26)

Sun Sep 15, 2013, 06:26 PM

28. Yeah, these shows have become ridiculous.

Even having Paulson on was an insult to all our intelligences. But ignoring Frank's question was beyond insulting.

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Response to Uncle Joe (Reply #26)

Sun Sep 15, 2013, 08:56 PM

34. Barnie had them outnumbered 3 to 1

And still they cheated to shut him down

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Response to cal04 (Original post)

Sun Sep 15, 2013, 07:59 PM

32. I hope Barney has the opportunity to ask these chuckleheads about the front run on the markets

that numerous firms are involved in. I posted a Taibbi Piece about it in Good Reads...Lets Talk about corruption that is ongoing...

http://www.democraticunderground.com/101673462

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Response to cal04 (Original post)

Sun Sep 15, 2013, 08:21 PM

33. The look on Barneys face was priceless!

 

Last edited Sun Sep 15, 2013, 09:15 PM - Edit history (1)

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Response to cal04 (Original post)

Sun Sep 15, 2013, 09:51 PM

36. What Barney Frank should have asked:

"Why are the bankers not in jail?"

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Response to cal04 (Original post)

Sun Sep 15, 2013, 10:00 PM

37. Why does the banker group care about,

'structural reform' such as immigration, the tax system? What a bunch of effin sociopaths! If they are siting on trillions, effin do something with it! Our infrastructure is going into the toilet, FIX IT! Lend the funds at 1%, create the jobs and FIX it!

And Gregory another schill,,,,,,,,,,,,

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Response to cal04 (Original post)

Sun Sep 15, 2013, 10:01 PM

38. .

.

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Response to cal04 (Original post)

Sun Sep 15, 2013, 10:17 PM

39. They need to learn not to fuck with Barney! He is the only one on the panel giving his

true opinion, an opinion most of us not on the Wall Street payroll have. He just called bull shit on them and they were stupefied! AWESOME!!!

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Response to cal04 (Original post)

Sun Sep 15, 2013, 10:59 PM

40. Put Barney in charge of the Federal Reserve. nt

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Response to cal04 (Original post)

Sun Sep 15, 2013, 11:05 PM

41. I am so glad to hear from Barney Frank again! Many happy years to him and his husband!

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Response to cal04 (Original post)

Sun Sep 15, 2013, 11:54 PM

45. So, Are Bankers Evil?

 

BARTIROMO: We need to get beyond the conversation of is Wall Street evil?
Yes, Wall Street is evil! Yes, Bankers are Evil!
they have lied their way into our savings, equity, and have stolen Pensions by the score! They and their tools in government are absolutely irredeemable. Fit only for the drop that comes after They climb up the long ladder. Bring on the hangman bring on the guillotine, hoist the blade strap down the murderer, The robber baron, the cause of orphaned children, the filler of the work houses. it's time.
Thank you, A little ranting and I feel so much better.

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Response to cal04 (Original post)

Mon Sep 16, 2013, 12:09 AM

46. Meet The Press? More like "Meet the Shills" for Corporate America.. Go Barney!

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Response to cal04 (Original post)

Mon Sep 16, 2013, 04:09 AM

49. I want you to know that I watched this video at great sacrifice.

But only because Barney's bit was at the end. I make it a general rule not to watch David Gregory's videos because watching him can lower your IQ. And he's such a tool. And a douche-bag.

But Ms. Bartiromo's query (designed to change the subject from evil bankers as she intimated she wanted to do) as to how does Wall Street acheive and maintain sustainable economic growth?, is based up the specious idea that such a condition is actually possible. It assumes that at sometime in the past we had achieved sustainable economic growth, and therefore it can be achieved again. All we have to do is keep working at it and figure this thing out.

But of course that is all a lie. Capitalism is a ponzi scheme of the first magnitude. It is an economic system that uses arithmetic is such a way as to achieve ''calculations and results'' that are in essence all gobbledygook, crappola and whose purpose is solely designed to confuse ''the investors'' as well as support the idea that wealth can be ''created'' from thin-air. Which it proves is possible by doing so on Wall Street with their investment instruments (like derivatives), constantly.

- These economic talks on the MSM-BS programming networks that we're seeing now is the non-musical and definitely boring equivalent of the orchestra playing ''Oh, Danny Boy'' on the Titanic as she sank.....

K&R


''An appeaser is one who feeds a crocodile, hoping it will eat him last.'' ~Winston Churchill


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Response to cal04 (Original post)

Mon Sep 16, 2013, 04:32 AM

50. Because they can!

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Response to cal04 (Original post)

Mon Sep 16, 2013, 05:00 AM

51. Hank Paulson is a dirty, lying son--of-a-bitch, and deserves any pain that might come


his way in this lifetime, along with any son-of-a-bitch that sits in the same room with the motherfucker and doesn't call him a traitor to this country and the people it in that aren't his banker friends.


"What we did wasn't for the bankers" <- lying piece of crap.






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Response to cal04 (Original post)

Mon Sep 16, 2013, 05:35 AM

53. Gregory (R) is such a Republicon Poodle

of course he wanted to immediately change the subject. What a RepubliWanker he is. Shameful.

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Response to Berlum (Reply #53)

Mon Sep 16, 2013, 09:05 AM

57. Gregory knows who he really works for and that is the super rich

all 3 of them knew that Barney asked a question they couldn't answer so they
changed the subject.

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Response to cal04 (Original post)

Mon Sep 16, 2013, 08:02 AM

54. Go on with your Bad Self, Barney!!

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Response to cal04 (Original post)

Mon Sep 16, 2013, 08:11 AM

55. perfect question, I'd like an answer from banks. "Why Are Bankers ‘Paying Themselves So Much'?

The banks use HUGE profits stripped from all the little people who would have to carry cash if they don't use a bank.

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Response to cal04 (Original post)

Mon Sep 16, 2013, 08:35 AM

56. It starts in the boardroom.

Publically held companies have a Board of Directors, who are responsible for representing the shareholders' interests, but also naming the executives who actually run the company.

What happens is that Board members place their buddies into these leadership positions and award them mind-boggling salaries. In turn, the Board members sit on the executive staff of other companies, and the people they just compensated sit on their board. It's all a big joke.

Shareholders do have a say in all of this in the form of their periodic board elections, but who actually bothers to elect impartial board members? People get a little card in the mail and they just elect to reseat the existing board, so the nepotism and abuse continues ad infinitum.

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Response to cal04 (Original post)

Mon Sep 16, 2013, 10:09 AM

58. K&R n/t

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Response to cal04 (Original post)

Mon Sep 16, 2013, 11:13 AM

59. So her first response is 'HaHaHaHa!'

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Response to cal04 (Original post)

Mon Sep 16, 2013, 11:45 AM

61. I also sent a letter to "Meet the Press" to remind them that they are a joke

David Gregory is a joke.

Sure was good to see Barney. He is definitely no joke!

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Response to cal04 (Original post)

Mon Sep 16, 2013, 12:21 PM

64. nice save by David Gregory

a Sunday news show almost became relevant there for a second.

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