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Blogs > hardworkin2008 > You Can Sleep When You're Dead

IS FOX NEWS PSYCHO??  

hardworkin2008 65M
295 posts
12/13/2011 10:21 pm

Last Read:
12/31/2011 11:20 pm
IS FOX NEWS PSYCHO??

I use to respect John Stossel for having some basis of credibility but after his imbecilic reporting on Bill O'Reily's show, I have lost all faith in him.

He sets up a food stand or drink stand and he can't sell his goods because there are too many regulations. He then EQUATES this to the Federal government OVER-REGULATION!!! ARE YOU FUCKING GOD DAMN KIDDING ME??? YOU GOD DAMN BACKWOODS COUNTRY FUCK!!

This God Damn Bull shit is EXACTLY why I left the GOP. Getting a business license in NYC or LA or anywhere else has nothing to do with the OUTRAGEOUS and EGREGIOUS acts of irresponsibility that was caused by the DEREGULATION of the Financial industry under BOTH Bill Clinton and George W Bush.

I still say the the 99% is NOT the under privileged BUT those who don't understand the cause of the Financial Crisis. It was the financial deregulation of the Glass Steagal Act that caused the whole problem by way of the Gramm Leach Bliley Act. Even Alan Greenspan admitted it as exhibited below.

>>In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was "partially" wrong in opposing regulation and stated "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity — myself especially — are in a state of shocked disbelief."[49] Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Rep. Henry Waxman (D-CA) then pressed him to clarify his words. "In other words, you found that your view of the world, your ideology, was not right, it was not working," Waxman said. "Absolutely, precisely," Greenspan replied. "You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well."[77] Greenspan admitted fault[78] in opposing regulation of derivatives and acknowledged that financial institutions didn't protect shareholders and investments as well as he expected.

Matt Taibbi described the Greenspan put and its bad consequences saying: "every time the banks blew up a speculative bubble, they could go back to the Fed and borrow money at zero or one or two percent, and then start the game all over", thereby making it "almost impossible" for the banks to lose money.[79] He also called Greenspan a "classic con man" who, through political savvy, "flattered and bullshitted his way up the Matterhorn of American power and ... jacked himself off to the attention of Wall Street for 20 consecutive years.<<

For the very unsophisticated, i.e. average Fox News viewer this type of information from anyone who even resembles a person of authority like John Stossell who bastardizes the TRUTH so much he deserves NO credibility no wonder FOX News are<b> psycho. </font></b>I can't believe he stooped so low.

Hey John I hope they bought your soul too!!

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