Here is a reasonably good breakdown of the financial crises. Good stuff, but Olberman, changes the subject at the end and turns it into Bush bashing over stem cell research. Weird.

Found by Aric Mackey.

  1. mrpips says:

    I don’t watch Olberdork, but if Bwarney Fwank, Chris Dodd, FHA, FHLMC and FNMA aren’t mentioned, he’s wrong.

    my guess is that it’s a long rant on the evil execs at banks.

  2. xenophrenia says:

    The stem cell bit was an introduction to the upcoming story regarding Obama’s stance on stem cell research and the signing he did the day this aired.

    I don’t understand – why comment on something you admittedly know anything about? Oh – preconceived notions

  3. SparkyOne says:

    About the first 30 seconds or so his delivery reminded me of George Putnam.

  4. Robart says:

    Not too bad for an Olberman rant. I think he was remiss for not including the sub-prime fiasco in the formula.

    Weird transition to stem cell research though.

  5. Paddy-O says:

    Interesting. However, misses the root problem entirely.

  6. Sinn Fein says:

    There is enough greedy guilt to go around to swamp both parties BUT, I’m sure that they, in the spirit of bi-partisan cooperation, all ready passed legislation to absolve them of any wrong doing and to cover it up at any cost. Right Bwarney?

    Olberdork needed a damn flow chart to show all of what he was racing through and conveniently leaving out. Stay tuned to MSNBC, an affiliate and major cheerleader for The Messiah Media Network.

  7. Ah_Yea says:

    I think Olberman was Bush’s jilted lover in a former life.

  8. Mr Diesel says:

    First time I have ever watched Ooberdork for more than 30 seconds. Biggest fucktard on TV.

    I really like how all stem cell research suddenly dried up in the US when we, as taxpayers, stopped paying for it. Bullshit, the research continued and the media is reporting the research is allowed again. It was allowed before, I just didn’t happen to pay for it with my tax dollars.

  9. Paddy-O says:

    #8 The real story is that libs were upset that they weren’t allowed to steal your money to do with as they pleased.

    It was never about “science” as there were no laws passed against doing scientific research.

  10. noname says:

    It does seem like a broad synopses of the current financial break down, with the start of allowed merger of regulated banks and unregulated financial firms (Citi and Travelers, 1998); the subsequent repeal of Glass Steagall Act 1999; changing of accounting standards that allowed hiding of derivatives liabilities off books, Phil Graham 2000 derivatives legislation, Bob Nye predatory lender protection legislation, ……

    Does he miss the root problem entirely, I am not sure if the root cause is entirely known, at least not in a publicly accepted way. But this is a good public attempt at getting at “a root cause” if not “the root cause”.

    Yes the 2nd part, stem cell bit was an introduction to the upcoming story. He could have announced the change in subject a little more clearly.

    However, it seems the 1st part (synopses of the current financial break down) was how things haven’t change with Obama, and the 2nd part (stem cell bit) shows how things have changed with Obama.

    #1 mrpips, doesn’t like when “evil execs at banks” get a finger pointed at them.

  11. Paddy-O says:

    # 10 noname said, “Does he miss the root problem entirely, I am not sure if the root cause is entirely known,”

    Yes & yes.

  12. MikeN says:

    His spat with Ann Coulter is more interesting, after she revealed that he’s not an Ivy Leaguer like he claims.

  13. Carcarius says:

    Good beginning and middle, bad end. Yeah, should have ended on a note that our government is corrupt and they should all be kicked out on their ass, and to pay up $5 million each to the US Treasury just before their ass hits the floor. That’s a policy I could live with.

    Stem cell research, glad Obama overturned it but the general DC lobbyist practices need to end yesterday, so IMO that is the bigger issue.

  14. QB says:

    #9 The real story is that conservs were upset that they weren’t allowed to steal your money to do with as they pleased.

    It was never about “religion” as there were no laws passed against doing scientific research.

    That sounds just as plausible to me. 😉

  15. deowll says:

    I think Will Rogers said, “We have the best government that money can buy,” and this listed many of those who sold us out in the time aloted.

    Congress critters are always happy to pimp out the people that elected them for the right consideration.

    It wasn’t limited to one party or one person. There were large numbers of elite who wante to screw over the public and they bought the people at the top.

    The people at the top are still bought.

  16. Guy Fawkes says:

    One can only hope, for the good of this country, terrorists would NEVER go to Wall Street and blow anything up. This would be a heinous crime that would set this country back for decades. An attack on Wall St. and the fine people who so willingly and generously donate money to Israeli charities, would be a slap in the face to every American alive today! Please, in the name of God, the holiest of holies, please never let this happen!

  17. Cheese says:

    I think I get it. Olbermann was trying to show the irony of removing regulation (causing bad in his view) vs. over-regulating (causing bad in his view again). Of course, people who dug themselves into debt deeper than they are tall are totally innocent. :-O Quick Loans? Just say no, Mrs. Reagan…

    I heard terrorists plotted to come here to destroy banking, commerce, and prosperity but Lehman Brothers and friends beat them to it.

  18. Mr. Fusion says:

    #13, Lyin’ Mike,

    His spat with Ann Coulter is more interesting, after she revealed that he’s not an Ivy Leaguer like he claims.

    More bullshit from the stooopid right wing nuts.

    Olberman graduated and received his degree from Cornell University. The same as Ann Colture. Both degrees are signed by the same University President.

    Cornell even calls <a href=Olberman an aluminus.

    Second. The Ivy League is a football conference. If Colture went there it was probably to give the football team oral satisfaction.

  19. Winston says:

    Wow! Big surprise! No matter what major party one is talking about, they are OWNED. And YOU are not the owner no matter how good you may feel after voting for one of the two major party candidates you are allowed to vote for.

    Almighty God, praise the oligarchy!

    BTW, the CNBC report “House of Cards” is another great expose’ on this fiasco.

  20. Mr. Fusion says:

    A fairly accurate synopses of the whole banking failure. Even though he did not hesitate to point out where the Democrats were to blame, most of the responsibility falls quite correctly with the Republican led Congress and the sorry excuse they had for a President.

    I can’t help but notice how the right wing nuts are all in an uproar because their mentors were outed as the leading cause of the current depression. Just like they were in 1928 and 1929 and then again 1987.

  21. Winston says:

    Mr. Fusion,

    I’m not a member or promoter of either of the two corrupt major parties, so I can see plenty of blame on both sides of the putrid isle. However, there were regulatory agencies that didn’t come remotely close to doing their jobs and a complicit mainstream financial media. But I think you are correct in claiming that the ultra-right and their FAITH (there’s that word again) that everything would come out AOK if everything were totally deregulated are heavily at fault here.

  22. AnnaLewis says:

    Talk about the blame for the economic crisis, what about the G20???
    Check out this parody which demonstrates the G20 situation


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