Pearlstein: Wall St. Leadership "Non-Existent"

[babylonsister]

Run time: 00:46 https://www.youtube.com/watch?v=na6VVsapCS4   Posted on YouTube: February 11, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: February 11, 2009 By DU Member: babylonsister Views on DU: 847

 

[trthnd4jstc]

1. The rich have not capitalized in the country. They told themselves that out-sourcing is good. And

now our country is poorer. Simple idea: A person has a job making $44,000 a year, with medical, dental, and IRA. The person's job is outsourced, and now the person's income of that amount no longer exists. Later on the person defaults on the mortgage and the Triple B Bond, multiplied by hundreds of defaults no longer holds the value of the Bond's purchase price, plus inflation, and expenses.

By clumping these mortgages into Triple B Bonds, Wall Street Out-sourced other people's mortgages.

Wall Street has an out-sourcing problem, most on Wall Street, most in the Republican Party, and some in the Democratic Party supported NAFTA, Deregulation, GATT, and China's Most Favored Nation status in the WTO.

The Majority of the rich have outsourced and bankrupted America. Does that make them Traitors?

We need US industries! We need to support US industries that have quality and fair value.

[eleny]

2. This interview was priceless

Best segment of Hardball in a long time. He had me cheering last night with the "tractor trailer" reference. :D

[trthnd4jstc]

3. The Clip, "the day in a 100 seconds" was pretty good also. I like your eyes.