Obama Plan Helps Bank Fraud at Taxpayer Expense

A new proposal by the Obama Administration is supposed to help homeowners facing foreclosure but The Young Turks host Cenk Uygur shares the dirty details. Read more here: www.huffingtonpost.com The Young Turks on Current TV: current.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com Support TYT for FREE: bit.ly
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25 Responses to Obama Plan Helps Bank Fraud at Taxpayer Expense

  1. USAputAmanOnTheMoon says:

    Americans are experiencing Obama Fatigue Syndrome. We are tired of looking at him, tired of listending to his bullshit, and tired of the democrat’s politics of polarization, resentment and division.

  2. luvcheney1 says:

    @barsense Govt works on the non economic cures. Big Pharma tries to save as many people as possible, because it is more profitable to have as many people as possible as customers. IF your OBJECT is saving the most lives per dollar invested, defund the govt. If you want to stop the highest amount of pain per dollar invested, defund the govt. Leave Big Pharma alone. When left alone, the US Pharma Corps produce 55% of the entire fucking world`s drugs. You prefer FEWER cures, more pain.

  3. barsense says:

    @luvcheney1 Pharma researchers in order to make profits on new drugs, gov funds research to find cures for diseases thru grants not for profit , get over yourself and come back to reality.

  4. luvcheney1 says:

    @barsense CBO in 2004 said the NIH spends about $25 billion TOTAL BUDGET, but US Pharma spends $40 billion on R&D, and the CBO is NOT counting what US Pharma corporations are spending on R&D outside the US. NIH spends money on uneconomic research. Fed Govt spends $225K per dead person (about 10K dead a yr) , and $26 per dead cardiovascular person (about 750K a yr). Business is greedy, therefore wants to save as many lives per dollar as possible. Govt doesnt care, neither do you.

  5. barsense says:

    @luvcheney1 LOL, I support the drug co. not being allowed to overcharge the gov at taxpayers expense,
    Big pharma get’s plenty of investment funding from taxpayers thru research grants without overcharging us for medicine.

  6. luvcheney1 says:

    @odom602 Because Big Pharma chases profits, it invests where the biggest returns are. That means allocating capital where its greed is satisfied the MOST. So, if $1 billion is invested to make sales to cardiac patients, of whom over 700K die a year, compare THAT to investing $1 billion to make sales to Aids patients, of which only 17K die a year. IF the humane goal is to save as many lives as possible, obviously evil Big Pharma will make the correct choice.

  7. odom602 says:

    @luvcheney1 you’re kidding right? defending big pharma? the corporations that deny real medicine because some of it can’t turn a profit, how many drugs are designed to actually cure ailments? not many, I’ll tell you that, they are designed to prolong the suffering while giving just enough relief to keep the lab rats( ie humans) pumping on the feeder pellet. there are so many advances in medicine that get ignored that make your ethical argument just that an argument and not reality.

  8. luvcheney1 says:

    @barsense You support less development of drugs that reduce pain, suffering, and help those who want to live. Reducing profit margins of “evil” Big Pharma will simply make those businesses less attractive to greedy investors. As capital flows away from Greedy Big Pharma, less capital available for research and development of new drugs. Currently, “evil” US Big Pharma invented 55% of the 34 OECD nations internationally used drugs, because of our free market. YOU are evil, support pain and death.

  9. fatouche99 says:

    @barsense Hey. I’m just passing on information that someone gave to me. Maybe it’s just a regulatory change that only requires a sign off. He wouldn’t give me specifics, but he said that the people he knew at the banks were expecting it to happen. That’s all it know. And remember, it’s only a law if it’s enforced.

  10. barsense says:

    @luvcheney1 backtracking AGAIN, and you call me stupid. LMAO big pharma kicked in 80 billion over the next ten years plus giving a 50% cut on all medicare drugs, ins. companies limited from charging excessive rates to gov. and crack-down on fraud, medicare funding will still increase where it is needed by the people,

  11. cbhavsar1 says:

    @DannySmith300 So we could keep ourselves busy bombing Chechnya, Morocco, Malaysia, Bangladesh, Kazakhstan and Albania, while our currency becomes worthless lesser than toilet paper – and then we could all go bury our head in the sand shouting “USA!!! USA!!! USA!!!”. Wait a second, Obama is already busy along those lines. We already have a BUSH clone in the White House. Your wish has come true!

  12. heyheyheyFATmormon says:

    Get on board with _N I N E * N I N E * N I N E
    HERMAN _C A I N_, 45TH president of the USA.

  13. cbhavsar1 says:

    @luvcheney1 OK, fine – I concede on the “article not book”. Big deal, doesn’t really change basic premise of my rant. No, I’m not psychic reading Alan Greenspan’s thoughts. To phrase it like immortal words of Pee Wee Herman: “I don’t need to read any hollow articles/books Greenspan publishes. I’ve lived the consequences of his actions.”

  14. luvcheney1 says:

    @cbhavsar1 It was an article, not a book. Of course, having opinions about him without reading his thoughts is very instructive. Making blind assumptions while villifying a man is sweet. I like Ron Paul, dont get me wrong. However, I read some of his books, so I like him for a reason, I have an idea what he thinks. You are psychic, not needing to see what alan thinks.

  15. cbhavsar1 says:

    @luvcheney1 I’m far from confused, only you’re confused (your handle itself shows). I don’t care what sham book Greenspan wrote. All actions the bastard took over years speak loud, still haunting with housing mess. Somebody **HAD TO** run murderous Federal Reserve org??? So illegal/criminal war could be kept alive printing more and more junk currency, while unemployment/housing situation imploded back home?? Whole point is that Fed *IS* useless about which Ron Paul cried bloody murder years ago.

  16. luvcheney1 says:

    @barsense You dont remember Obama promised to cut $500 billion from MediCare over the next 10 years? That is where a great deal of the money “came from” to pay the increased costs of Obamacare. The doctor fix was just an annual increase that Obama and the Dems conveniently left out of the picture, to keep the price low. Everyone knew it was missing. You need to pay attention to your own signature position, stupid.

  17. barsense says:

    @luvcheney1 Doctors pay has always been supplemented in separate legislation called the doctors fix and the same applies now no different than from before.

  18. DannySmith300 says:

    WE WANT BUSH BACK

  19. ViciousOneWon says:

    So who should be vote for Cenk? Should we just not vote at all. Cenk, give us an alternative please!

  20. poopikins says:

    FFFFUUCCK

  21. luvcheney1 says:

    @barsense a decision on Monday by the Medicare Payment Advisory Commission (MPAC) established by the law to supervise $500 billion in Medicare cuts. MPAC, whose decisions have the force of law, has voted to impose drastic pay cuts on all doctors under Medicare and, by extension, under Medicaid (which tends to follow suit). The cuts will effectively reduce the real pay for specialists by 50% over the next ten years — including a 25% reduction over the next three years. Obamacare stupid!

  22. luvcheney1 says:

    @cbhavsar1 I think you are confused. Greenspan`s ties to Rand are undeniable. However, Greenspan made clear his belief in the Gold Standard, in an article originally published in a Rand book. “Gold and Economic Freedom”, google if you care to. Belief in Gold as money coincides exactly with Ron Paul, if you have read Paul`s books. Gold as money is a limiting factor in the ability of the Federal Reserve to print money, therefore it makes the Fed useless. But, someone had to run it, so he tried.

  23. WhyMeMoFo says:

    @cbhavsar1 Well, I am taking Mr Paul at his word. He said he is a follower of Rand. Who cares if Paul and Greenspan don’t like each other. The American version of Libertarianism is a joke anyway. A central bank is not part of the Libertarian agenda, although Mr Greenspan seems to be a bit iffy on this rather self evident proposition… Mr Paul wants the regulations HE approves of, however few they are.

  24. cbhavsar1 says:

    @WhyMeMoFo It’s a stupid statement that Paul is a disciple of Ayn Rand. Alan Greenspan, the scumbag who’s responsible for all this housing crisis has always been a disciple of Ayn Rand. Furthermore, Ron Paul and Alan Greenspan are each others’ arch-nemesis. Nothing could be further from the truth than Paul is disciple of Ayn Rand, given his hatred of Greenspan’s (and so Ayn Rand’s) philosophy.

  25. Tetsuoha says:

    Obama is a piece of sh it. USA blackmails UNESCO agains the Palestina.
    Disgusting.