some of those financial people really have a real
stunning problems here we talked about uh...
and ross sorkin
it o
game heading down to occupy wall street because
uh... some bank c_e_o_ told them to here is um...
here's the pizza i hadn't heard this part about amber dot and initiate tweed
then realize she has a segment called seriously
in mine wrong time because i'm never watch as saying i live anymore but is
that
u_s_o_ u_s_a_ live
ideas that sounds to me like a certain segment on s_n_l_ yet is is that they
like uh... what's his face is a
yet yet cameras yeah set this up my eyesight yes he has a thing where his
hold joke
stand upright a bit still using county uh...
it's more like a radio concede
butt heads of the other like seriously you know that's a but that's his joke
setup and so she does this
i guess thinking like
well if he does that uh... for cheap that
she's pat
uh...
aside from being bad
she also seems to be uh...
well i don't know
i guess the jury is out
she's either in india for just a huge liar
and i'm gonna go with well there's also could be just uh... enormously lazy and
uh... to self satisfied
is probably a combination of all three i'm not sure if we see all three in this
clip but the let's play this but this is an bird at this is the day uh...
day-and-a-half ago i guess
uh... i've twila sense of time
uh... erin burnett
headed down to occupy wall street
uh... seshu shot like look we were down there
their we saw this guy who's in this clip actually was hanging out one we're
interviewing them because he was probably stemming a foot from anne klein
listening in to our show live yes
and uh...
are there people there who look a little freaky or wearing funny glasses are yes
and i would say the percentage of those people relatively inside tire size of
the crowd
is somewhere between one and three percent
so here is arab burnett doing this is serious reporting to us down there and
she really fakes out this uh... ad sales guy with this uh... for marketing guy or
software computer software developer
but let's listen to this court compress story that may i think
seriously
the occupy wall street protest entered its third week today what started as
less than a dozen college students camping out in a park near the new york
stock exchange is now hundreds of protesters and it spread to other cities
my protesting
nobody seems to know so this afternoon we went to wall street to find out
nobody's three weeks into this she's saying and nobody seems to know
what was it since two days ago right
yes
and
she's claiming that no but nobody seems to know
she is very she apparently
uh... has either it's very delimited social and use circle
you know a misguided said like
some people think they have an idea
or there's some places we can
old but he seems to know nobody three weeks and a stunning
i think you'd be hard-pressed to find somebody
who could actually say nobody seems to know anymore
you know michigan has three weeks ago
i mean even added a c_e_o_ who told andrew also working to get down there
seem to have a better grasp what was going on and different today
that's a very good point maybe she should get a again it was uh... ross
arkansas 'em you know uh...
rolodex
and call that bank c_e_o_ tascam
despite you heard here's my cell a bunch of dancing hippies protest
there are all kinds of people their babies teachers cheerleaders until stamp
the hands
she was talking about him being incidently financing the picture but
aside from that um...
yes it was a little rhetorical a game should laser it's not just a bunch of
yet these
there's also a bunch of other freaks and teachers
rightists cheerleaders and that that
in the and teachers
so it's not just hit these folks ido haha i wanna know what you think i'm
judging
it's not just at these
there's also a bunch of freaks
and teachers seriously it's a mixed bag but they were happy to take some time
from their books banjo
loves in bangalore
sports drinks
catered lunch yet it was catered lunch all my guide notes
total arjun people have tickets o there's a catered lunch as opposed to
what
it's not a home-cooked meal that they're doing in the park yummy and there's no
pun soon burners their know they've bought pizza from across the street or
people sent them pizzas black catered lunch
it's this stunning keep gun
house like thirty says banjos like this bend your arms which has no idea how to
say the word right
uh... return may instruments
designer yoga clothing
absolutely lemon logo computers lotsa mac books and found some perspective on
my best this is a flight software developer dance
whitening eleven are product up about
stop right about that really implant worldwide i'm glad ball on it
pop up
said you know that and taxpayers actually made money on the market now
part of that
there's a midnight cm
they get on on off her back but i think i mean i never leave
what might happen or is it
if iraq in my butler
by this person is in in this is where obviously she's is lying or she's just
stupid
uh... and and i would imagine
uh... in these things aren't mutually exclusive to be fair she could be lying
and she could be stupid
uh... if she could be willfully ignorant
uh... but she
really wanted to go down there and uh... and prove how how clueless these people
were there's no reason to be mad at wall street m_g_m_ on the other hand
you can be mad at g_m_
without wall street
uh...
which i gotta say it's fairly can cling to that all
because uh... here's statement uh... by way of
will bunch and brian hickey
of the local independence to party
and what they have to say about occupy wall street
duplication here they're saying is that
bailing out the war old uh... the banks was a great idea g_m_ will really make
any money on that but
what he or she got that concept from wonder where she got that sort of like
uh...
i don't know if i will call a talking point the idea that wall street is the
root of all evil is also anathema to us like any other institution wall street
has a scrub figures in such individuals we dealt with accordingly
but to condemn wall street el mas is akin to condemning our entire free
enterprise system
our association deplores corporate bailouts
g_m_
they're talking about g_m_
corporate subsidies solent road
and corporate welfare
we now that's a lender and annie
solar subsidies are literally
two percent
of all the subsidies we give to uh... energy whether it's uh...
fifty billion for nuclear power for
uh... matter at ten twenty billion for um...
uh... call and other ten twenty billion for while subsidies
but it's the five hundred thousand dollar loan or the one point five
million dollar loan
the cylinder that was the big problem
at the same at time however recognize a contribution to cheat mix of america's
chamber of commerce
i had it
she's parroting uh... the uh... talking points of these uh... tea party people i
guess that's not to be surprised
seriously
that's all it would take to put an end to the unrest
well as promised we did go double checked the numbers on the bank bailout
and this is what we found yes the bank bailouts made money for american
taxpayers right now the tune of ten million dollars anticipated that it will
be twenty billion dollars those are seriously the numbers
this is a big issue so we solved it in fact the only reason we have and they
all turned my back is actually jia
i don't think protests and it's right
so there it is and
and g_m_ probably where i think we're going to see uh... the money in fact i
think if you look at market capitalization we probably have made
money which haven't sold all the stock in there but that's at the point
because she can flights
thank bailouts
with tarp
yes tarp was one element of the bank balance but there was tell pf
which is that uh... shorter massive baked uh... that securities loan
facility
which essentially
there was a whole series of different instruments
that allowed the banks to borrow money
from the fed
at the exit row percent interest
and that what they did is turned around and love
that money back to its
at one too
three four percent interest
by buying u_s_ treasury bonds
so in other words
and we've talked about this many times
and about ten dollars
okay you give me ten dollars
and you come to be go any can i borrow ten dollars shirk n
uni eleven dollars tomorrow
you give me that eleven dollars and then i give you back the ten that i borrow
from you and i have a book
and i have just made a a bach
offer you matt
and you're in this instance
you were the taxpayer
brownlee
and burnett
then she worked on mike's c_n_b_c_ did you work like some financial channel
she couldn't figure that out
we also know the billions of dollars that was spent uh... today i g
was basically a slush fund
four other odd banks particular goldman sachs
we also know that we love the bank of america
to sell
ubuntu their crappy of mortgages
if any mainframe ac
so there is
anywhere i mean i don't think yours range from anywhere from lake
one point five to three trillion dollars
that have been spent on these bank balance
so no sin that have been costing taxpayers any money is ridiculous but
that's not even relevant anyways
because even a f
the bailouts
cost no money
even if we made ten billion dollars on the belt
we still have a completely broken financial system
because of the excessive leveraging
and speculation these banks did and it is destroyed the economy
there are depending on how you calculated over twenty million people
unemployed
there are millions of people who smoke it is our underwater
there are millions of people have been subjected the mortgage fraud
there is ongoing mortgage fraud
so forget about the bailouts
wall street
ruined our economy
the financial eyes asian
of our economy
is ruining our economy
the income disparity is ruining our economy
but erin burnett found it more convenient to just reduce it down to
we make money on car
uh...
you know i find it interesting if if you're watching the video which of
public with this one up on the you tube for the day
um... you couldn't you couldn't when when she asks him a question he says
what's called occupy wall street there's a really quick clip
of the park to being on
liberty street as if it's a laugh at them saying
we're now in wall street you're on liberty st
it's a it's a little things like that if your but the whole video tries things
like that is
you couldn't help with that
yeah even sit down if you were making hippies and as you can sit down to
better and they found a supporter who unfortunately i mean not everyone is
going to be as knowledgeable on all this
as has some like for example
bag that guy who took down foxnews i'd jesse other greta this guy unfortunately
just didn't know as much as as maybe someone else knows and they went out of
their way to find someone like you smart enough to say you know and i don't
believe you
let me check any of the check
i need to do more research on it
but if i wasn't lying
and a shield for the banking industry
and was telling you the truth would i be right always called it that what of
moral
you know what
i'm gonna make a prediction
those people are gonna be in a park longer than she will have a program
infinite