The Sellout: Don't trust Wall Street, Dow, Goldman Sachs Video

Author and CNBC commentator Charles Gasparino discusses what he doesn't trust about the current economic crisis, which is pretty much everything. Interesting interview. He thinks Wall Street is setting us up for another bailout.

Copyright MSNBC 2009

unemployment banking crisis consumer loans credit bailouts risk bonds commercial bank the Fed Federal Reserve bonuses regulation stimulus moral hazard Goldman Sachs commercial bank TARP profits Today Show Geithner Bernanke reulatory reform

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debtruth1: exactly - he's right on target about moral hazard.

fal2grace: yes!

skybirdbird: now they start talking about the "real unemployment".......you can bet that even that "real" number is not real...... wall street needs to go to gamblers anonymous.... TKX deb

fal2grace: "gamblers anonymous"... pretty funny... and true!

Eraser7622: these talking media heads are LITERALLY the dumb leading the blind. there is no other way to describe it more effectively. ARGHH!, Charlie Brown!

1mealperday: tough love for me is growing own garden, building a green house,having stocked up now not buying anything and nothing on credit, plus took money out of bank. Thanks for the post.

fal2grace: great ideas and you're welcome

SilverRose09: ofcourse you can't trust... they have robe us clean...

fal2grace: you're right; thanks for commenting.

mainesprocket63: We are seeing the final bubble being formed at the expense of the USD. When this bubble pops the party will begin in earnest. I give it 2 more years max before the wheels fall off the wagon. But for now, dont fight the FED and the FED wants inflation. Gold and Silver should go to the moon. Just need to cash out and pay off the farm before the system implodes. Thanks Uncle Ben and Goldman Shatz! Thanks for posting the video fal2grace.