Rachel Maddow: Bernie Sanders Calls for Accountability for Financial Catastrophe

[Hissyspit]

Run time: 07:47 https://www.youtube.com/watch?v=m_wmr6WqhWo   Posted on YouTube: February 04, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 04, 2009 By DU Member: Hissyspit Views on DU: 899

 
MSNBC The Rachel Maddow Show - Feb. 3, 2009: Sen. Bernie Sanders calls for accountability for catastrophic financial situation.

[terisan]

1. We need more Bernie Sanders' in our government. Integrity and Honesty. Voted NO on bailout of 2008.

[Muttocracy]

2. I'm waiting to see about my newly appointed Senator but I liked that she voted against it

on the grounds of lack of oversight and not addressing fundamental problems.

[terisan]

3. I have a lot of hope for her success nt

[midnight]

4. I remember listening to his argument against this bailout.

To bad the whole lot did not sick with their first instinct which was not to allow this bailout.

[girl gone mad]

7. Imagine that..

the liberals were right and the centrists/DLCers pretended the liberals were just clueless dingbats.

It's ike deja vu all over again.

[slipslidingaway]

5. More of what he said on 10/1/2008

http://www.c-spanarchives.org/congress/?q=node/77531&id=8901289

"...I have introduced an amendment which gives the Senate a very clear choice. We can pay for this bailout of Wall Street by asking people all across this country, small businesses on Main Street, homeowners on Maple Street, elderly couples on Oak Street, college students on Campus Avenue, working families on Sunrise Lane--we can ask them to pay for this bailout. That is one way we can go or we can ask the people who have gained the most from the spasm of greed, the people whose incomes have been soaring under President Bush, to pick up the tab. They threw the party, they became drunk on greed, and now I believe they should foot the bill. What my amendment proposes is quite simple. It proposes to raise the tax rate on any individual earning $500,000 a year or more, or any family earning $1 million a year or more, by 10 percent. That 10-percent increase in the tax rate from 35 percent to 45 percent will raise over $300 billion in the next 5 years; $300 billion is almost half the cost of the bailout.

If what all the supporters of this legislation are saying is correct, that the Government will get back some of its money when the market calms down and the Government sells some of the assets it has purchased, this amount of $300 billion should be sufficient to make sure 99.7 percent of taxpayers do not have to pay one nickel for this bailout.

Most of my constituents did not earn a $38 million bonus in 2005 or make over $100 million in total compensation in 3 years, as did Mr. Henry Paulson, current Secretary of the Treasury and former CEO of Goldman Sachs. Most of my constituents did not make $354 million in total compensation over the past 5 years as did Richard Fuld, the CEO of Lehman Brothers.

Most of my constituents did not cash out $650 million in stock after a $29 billion bailout for Bear Stearns, after that failing company was bought out by JPMorgan Chase. Most of my constituents did not get a $161 million severance package as E. Stanley O'Neil, former CEO of Merrill Lynch, did...."


And later...

http://www.c-spanarchives.org/congress/?q=node/77531&id=8901427

[Iwillnevergiveup]

6. Hurray for Bernie and Rachel

K&R

Banks and insurance companies - ongoing, untold criminality. For once, I'm wondering if we have enough lawyers in this country. Much prosecution needs doin'.

[pleah]

8. K&R