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 ‘Left, Right & Center’: Wall Street on the RocksPosted on Sep 19, 2008
What to make of the bailouts and sellouts that dominated the past week’s financial headlines? Well, “Left, Right & Center” commentators Matt Miller, Robert Scheer and Tony Blankley (Arianna Huffington was away) have some ideas about what caused the nightmare on Wall Street and what the future holds. KCRW.com:
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Stocks Rise as Geithner Becomes Treasury Front-Runner
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Jump to Comments
By STARCHY, September 23 at 1:51 pm #
(Unregistered commenter)
I think Tony does a great job, and LRC is a great, balanced, CIVIL radio show… it is availble on podcast for anyone to enjoy at their leisure
Report thisBy wildflower, September 23 at 6:48 am #
And Sheer is/was right when he said way back when . . .
“Corporate American is a shambles because deregulation the mantra of our President and his party has proven to be a license to steal.”
Report thisBy Hammo, September 22 at 11:40 am #
Maybe we Americans should take a good, hard look at Wall Street ... and ourselves. Food for thought in the article noted below:
“Let’s bail out the greedy, the crooks, the suckers”
AmericanChronicle.com
September 22, 2008
http://www.americanchronicle.com/articles/75078
Report thisBy cyrena, September 21 at 11:26 pm #
We knew it was coming. It has. We’re screwed.
Report thisBy RickinSF, September 21 at 6:36 pm #
Listening to Tony Blankley try to reframe this debacle is the aural equivalent of slalom skiing.
Scheer’s rebuttal is the aural version of plucking the legs off a bug.
I love it.
I’d also love it if the LRC link was kept up on Truthdig for more than a couple days.
Report thisBy Charlie, September 21 at 7:13 am #
(Unregistered commenter)
I suppose there’s some entertainment to be had from listening to the free-market ideologues tying themselves up in knots as they try to explain why deregulation hasn’t been the problem, but it’s pretty cold comfort.
The more depressing aspect is the idea that the huge taxpayer bailout to the bankers is going to put pressure on public finances and hit the taxpayer again in reduced services.
It’s the old neoliberal ‘heads I win, tails you lose’ con trick.
Report thisBy John, September 20 at 2:46 pm #
(Unregistered commenter)
Tony Blankley wants it both ways all the time. When Harry Truman ran this country, there weren’t semantics and deception. When do we start prosecuting inherit bribery, coercion, willful misconduct, and criminal negligence under the RICO statute. Wall Street corruption is just the legalized version of the mob only on a massive scale.
Report thisBy Tony Wicher, September 20 at 1:31 pm #
I’m sure that Democrats under Clinton such as Robert Rubin do bear some of the responsibility for this, but it has been largely Republican-pushed deregulation that has gone on for forty years that has finally undermined an economy that has been “fundamentally strong” since the regulations to prevent this were put in place after the Great Depression. After that all the Democrats had to say for the next 20 years was “remember Hoover”. Maybe now all we will have to say for the next 40 years is “remember Bush”.
Report thisBy troublesum, September 20 at 1:28 pm #
Thanks to Tony Blankley for clarifying that republicans never believed in small government. So when will the rewriting of history books begin?
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