Sunday, September 25, 2011

Jon Stewart On Wall Street Bonuses

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The Daily Show With Jon Stewart Mon - Thurs 11p / 10c
Clusterf#@k to the Poor House - Wall Street Bonuses
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Daily Show Video:  Clusterf*ck to the Poor House - Stewart on Wall Street bonuses:
  • "I guess the only real difference between bankers and movie stars is when Nick Cage lost all his money, I didn't have to bail him out."
  • "Let me get this straight, the only people who have recovered from the financial meltdown... are the people who caused this financial meltdown."
Pointing to the "we had to" argument for bailout supporters -- i.e. the line of thinking that says "we had to bail out the financial sector or our economic system would collapse" -- Stewart wondered why so many bankers furiously resisted placing any conditions on receiving bailout funds. Wall Street leaders, including former Treasury Chief Hank Paulson and current Treasury Secretary Tim Geithner, Stewart noted, argued that placing even the smallest requirements on bailout recipients such as the requirement to lend, would have been disastrous.
"I'm not an economist, but these are some fragile f$#@ing businesses. No, don't look the bank in the eye, it will fail! What, are our banks made out of balsa wood held together by baby tears?" Stewart joked.

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