Comments on: Peter Schiff on Daily Show

By: wagdog

wagdog — Sat, 13 Jun 2009 20:22:18 +0000

Jon Stewart says that without living on credit, episodes of the cribs would suck:
http://www.funnyordie.com/videos/0b8581d2e3/un-broke-the-seth-green-cribs-edition
It doesn’t look all that bad, really.

By: mbtswat

mbtswat — Fri, 12 Jun 2009 12:31:30 +0000

Answer to your question:
Hannity, the clown brain surgeon on Fox, called Peter a socialist.

If you believe the party line they are trying to flog now, it was too much regulation that caused the current crisis. Fair and balanced

By: FromLori

FromLori — Thu, 11 Jun 2009 15:44:21 +0000

He is right we are headed for an economic collapse. The Fed Is Dead.

http://bluelori.blogspot.com/2009/06/fed-is-dead.html

By: MJ34

MJ34 — Thu, 11 Jun 2009 14:58:01 +0000

“Nobody made the banks extend credit to unworthy customers. ”

Some congressional acts did, and went as far as to fine those banks who didn’t.

“ratings agencies to give junk securities a AAA rating.”

The rules created in having these ratings agencies opperate allowed for this abuse to happen.

“why don’t we do the same to financial institutions that extend credit to people who cannot afford to pay it back?”

We used to, it’s called bankruptcy.

And as for regulators, they have missed everything, and what they don’t miss congress tells them to ignore.

By: tradeking13

tradeking13 — Thu, 11 Jun 2009 02:51:02 +0000

Ben Stein should go back to hosting gameshows.

By: Tao Jonesing

Tao Jonesing — Thu, 11 Jun 2009 02:42:08 +0000

While there is much I agree with about what this guy says, I shake my head every time I hear the tired libertarian refrain that it is all the Fed’s fault for encouraging reckless lending and reckless consumption by keeping interest rates low. That’s like blaming the sheep for being killed by the wolves.

Nobody made the banks extend credit to unworthy customers. Nobody made the banks securitize risky assets, or ratings agencies to give junk securities a AAA rating.

This society holds bartenders and bar owners accountable for serving alcohol to somebody is already drunk, why don’t we do the same to financial institutions that extend credit to people who cannot afford to pay it back? The other choice is to hire shepherds (i.e., regulators) who actually tend the flock of sheep and keep the wolves at bay. But regulation is Baaaaaaahhd.

By: vaughn

vaughn — Thu, 11 Jun 2009 02:09:30 +0000

i think Schiff would be great in the Senate but yeah, as far as following his investing strategies? Early is wrong and wrong is wrong….

By: ZackAttack

ZackAttack — Wed, 10 Jun 2009 17:29:17 +0000

I recall that first clip – after the commercial break, the plastic Brylcreme-hair dude’s stock pick of the year for 2007 was WaMu.

I thought it might have been Art Laffer, in that classic “penny bet” video, over Peter’s misogynistic little aside about wives having to go back to work? (about 6:30 mark in here) But that wasn’t it. Enjoy anyway…

http://www.youtube.com/watch?v=IU6PamCQ6zw

By: patient renter

patient renter — Wed, 10 Jun 2009 16:39:00 +0000

He wasn’t right about everything, but he was right about many things, much more so than the bulk of the MSM (the video is a perfect reminder of this).

By: Bullish on Britain » Blog Archive » Nobody Predicted The Recession - Bull****

Wed, 10 Jun 2009 16:12:40 +0000

[...] From The Daily Show – Hat Tip Barry Ritholtz. [...]