(Videos Are Below...These Are Screenshots)
Brad Sherman on Too Big to Fail:
- "They've created this new religion that involves genuflecting in the direction of Wall St. and believing this idea that, Oh my God, if those institutions don't get what they want, we're all gonna be fighting for rat meat in the streets."
It's time for a return visit from the Sherminator, destroyer of Mark Haynes and Erin Burnett, righter of bailout wrongs, incredibly massive thorn in Geithner's side. The clip is from September 23 when Timmmaaay sat in front of the House Financial Services Committee to talk financial regulatory reform. If you know Sherman, you know that he always hates how Geithner avoids his questions and wastes his allotted 5 minutes. This is but one more hilarious exchange between these two as the Treasury head evades and obfuscates while Sherman's blood boils.
Don't let my introduction fool you however, this is no laughing matter and you're gonna be pretty pissed off when you hear what's up for discussion. And for those of you who care about such things, Sherman is officially a Democrat from California, though he's 100% anti-bailout, street-fighter, with a little Dalai Lama built-in to impress the ladies back in the disctrict.
Watch (video is below)
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Sherman's simple question:
- Would you oppose a ONE TRILLION DOLLAR limit on rescuing Too Big To Fail Firms in the future?
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2 More Videos And Commentary Below
(Of the 2 CNBC clips, this is the more important one)
Airtime: Mon. Sept. 14 2009 | 1:30 PM ET
President Obama calling for financial regulatory reform on the anniversary of Lehman Brothers' collapse, with Rep. Brad Sherman, D-Calif.; Rep. Jason Chaffetz, R-Utah; and CNBC's Bill Griffeth.
Airtime: Fri. Jul. 24 2009 | 12:20 PM ET
Rep. Jeb Hensarling, (R-TX) and Rep. Brad Sherman (D-CA) share their perspectives on Treasury Secretary Geithner and Fed Chairman Bernanke's testimony.
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Extra-Angry Bonus Commentary provided by James H:
Damn you, Daily Bail. Just when I was starting to mellow out for an hour or two (ok, ok, it was only 25 minutes, but you see my point). Just when I was starting to mellow out, I get m********f********* Geithner up here refusing to answer my man Sherman's question. I'm just wondering, but what happens if a Congressman says something like, "Answer my gdamn question, boy, or I'm gonna jump this dais and kick your m*****f******* ass" ? Cause that's pretty much where I'd be at that point. I swear -- I'm not just blowing off steam -- but I seriously think Ivy-League pinhead Geithner has some serious mental issues. I mean, who can't answer a simple question like that?
It's not even a gotcha-type question. It's just a simple question that brings you closer to the god's honest truth. I suppose that's why G-boy doesn't like it -- he can't stand or handle the truth. It hurts, it burns -- and it gets all the f*** up in the way of your devious little plans.Anyhow, this is all the more reason for having a tax revolt. And that revolt should come with thousands of personal letters written to Geithner himself explaining why we won't be subsidizing his bankster buddies any longer.
Folks, you do realize that a significant portion (not the largest part, mind you) will go to ensure that Blankfein and Dimon and Lewis and Pandit et al. AND their retarded bondholders, don't lose a dime. I mean, it's one thing to have your tax dollars be used to slaughter innocents abroad. Some might argue that that's what tax dollars are mainly for. But it's another thing entirely to have your tax dollars go to support people who are much, much wealthier than you are. Those taxes you pay rerpresent hours on the job, whatever it is. In other words, paying your taxes next year means that for part of the year you worked and slaved so that some banker could continue to collect his paycheck from the bankrupt institution he works for.
Personally, I'm not OK with that. In fact, I'm pretty m******* f***** far from OK with that. Just remember when you write that check to the US Treasury next year, that you're writing it to this punk ^, who won't answer any of your representatives questions and who wants the authority to give the banks (or their bondholders) even MORE of your money. Don't do it.
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