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I've nver listened/watched this guy, but the clarity here is welcome.
Best line:
(Note to any Wall Street executives who might be reading this: I know this simple little story isn't perfect, but let's remember that you're the ones who tried to make everything complicated and I'm the one who still has a job.)
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Since the purchase of "Tickle Me Elmo" was never a regulated market the makers never needed to wade into the politics of deregulation.
It's a bogus analogy, had deregulation been derailed no one would have been hurt since no financial institution would have been permitted to finance the "Tickle Me Elmo" pyramid scheme. The problem is, has been and remains one of lack of oversight, something championed by Republicans and not opposed by many Democrats.
Blaming the suckers who bought the pyramid scheme deflects attention from the real culprits, the financial institutions and lawmakers who changed the rules.
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Kiva wrote:
Beck is a moran
He's an angry alcoholic who thought he'd find some peace in wearing magic underwear. It obviously didn't work.
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is he seriously a mormon? I can't believe he has his own TV show...what a tool...
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Kiva wrote:
is he seriously a mormon? I can't believe he has his own TV show...what a tool...
Wikipedia wrote:
Beck cites the help of Alcoholics Anonymous in his sobriety, and he eventually converted to The Church of Jesus Christ of Latter-day Saints, which teaches against the consumption of alcohol.
Beck has spoken often of his religious beliefs and conversion. "God stalked me!...He had a giant baptismal rifle," Beck said. "I thwarted him. I led people astray as much I could but he kept putting Mormons in my way."[7]
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C'mon guys! Is his music really that bad?
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Think Cheeseburger in COQ AU VIN
