(2009/07/18) Reaping the results of corruption and greed (MP3)
Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy
Jay Tomlinson
4.5 • 3.4K Ratings
🗓️ 18 July 2009
⏱️ 74 minutes
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| 0:00.0 | This episode is brought to you by the members of the Best of Left Podcast. |
| 0:04.8 | I'm not kidding around about that, I couldn't do this without them. |
| 0:08.7 | Welcome to the Best of Left Podcast with clips today from the Daily Show, NPR, Tom Hartman, |
| 0:14.2 | the Young Turks, the Onion Radio News, and Slate.com. |
| 0:30.2 | Remember last fall, the economic crisis, the entire financial system, the current collapse, |
| 0:34.2 | everyone pretty certain, one thing. |
| 0:36.2 | We need legislation that decisively addresses the troubled assets now clogging the financial system. |
| 0:41.2 | The risk of doing nothing is economic catastrophe. |
| 0:44.2 | It's a terrible situation and we need to fix it. |
| 0:48.2 | $850 billion in federal bailout money later. |
| 0:51.2 | Let's check in for an update on how those reforms are going in tonight's. |
| 0:55.2 | Perfect. |
| 0:59.2 | Of course, one of the main villains in the crisis was AIG, |
| 1:07.2 | a company which overextended themselves by writing banks, billions, and unpayable financial insurance contracts, |
| 1:13.2 | thus destabilizing our entire economy. |
| 1:16.2 | They were f***ed. |
| 1:17.2 | So, for $180 billion, the government took them over, and AIG is making some radical changes. |
| 1:25.2 | I think the AIG name is so thoroughly wounded, we've already begun the rebranding process to AIU. |
| 1:35.2 | $180 billion and all you come up with is, what do we change a letter? |
| 1:39.2 | Talk about buying a vowel. |
| 1:44.2 | You know what the U stands for? You've got some f***ing balls. |
| 1:49.2 | But all right, AIG, you fixed. |
... |
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