Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Billionaire Whines That Bankers Just Can’t Make Any Money
Posted
November 15, 2014
Views
50,866
Likes
1,179
Comments
194
Engagement
2.70%
November 15, 2014
50,866
1,179
194
2.70%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
4:26Now PlayingMichael Bloomberg on Monday told a room full of bankers, traders, and investors that financial regulation was hurting their profitability and the U.S. economy. It was crowd-pleasing, but wrong.
In a speech at the Securities Industry and Financial Markets Association's annual conference in New York, Bloomberg criticized the Dodd-Frank financial reforms, saying, "if you reduce the risk, they can’t make the money, they can’t provide the financing that this country and world needs to create jobs and build infrastructure and all of those things." Bloomberg's anti-regulation comments were applauded by the crowd, BuzzFeed's Matthew Zeitlin reported.
But have banks really stopped being able to "make the money"? The answer is clearly no: As a percentage of total U.S. profits, the financial sector has bounced back remarkably well from the crisis it caused and the recession it triggered."* The Young Turks host Cenk Uygur breaks it down.
*Read more here:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
