Cenk Uygur Flat Out Nails It.

[kalm]

On Obama's choice on bank reform -protect Wall Street or do what's right, the Republicans choice - obstruct or out-flank Obama and become the good guys, and (once again) how these financial geniuses either don't understand their own bullshit or are truly sociopathic thieves.

At the very least Greenspan was a complete idiot.

Audit the fed.

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[89Hen]

Can you tell me what it's about? As soon as I see The Young Turks I have to close the window. I can't imagine more annoying stuff.

[JohnStOnge]

So how did the vote go?

[kalm]

Can you tell me what it's about? As soon as I see The Young Turks I have to close the window. I can't imagine more annoying stuff.

Barry Sanders proposed legislation to audit the fed last year. At that time it had the support of 59 senators but was scuttled by the democratic leadership. Auditing the fed is now part of the current discussion on reform and has gained support with some republicans and now Rahm Emmanuel and Timothy Geithner are publicly fighing against it as are corporatist senators from both parties. If it were to actually get passed the potential can of worms could be quite interesting. The repbulicans who would vote for this stand to gain populist cred while it could be viewed as a massive failure in the eyes of Wall Street for democrats and the white house. Of course Obama could always veto the legislation which would make things even more interesting and confirm corporatist conspiracy theories.

But Cenk goes further with a very clear explanation of how the fed works and the obvious duplicity of the AIG bailout.

It's a really good riff.

TYT is a very good show.

[kalm]

So how did the vote go?

They haven't voted yet. My guess is the White House and corporatists in congress are still figuring out ways to pass a watered down banking reform bill that isn't really reform. Kind of like healthcare.