Furry Creatures Explain Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people."

In the new video, from Omid Malekan, one character asks why the banks were bailed out, and the other responds "Because they said the banks were too big to fail, and if they failed, there would be too many foreclosures, and no new mortgages." The video goes on to point out that after the bailouts, banks didn't stop foreclosures, or issue new mortgages. But one executive at Bank of America did pay bill on his $70,000 desk. (Scroll down to watch.)

The banks also bought other banks, becoming "too bigger-er to fail." Among the banks too bigger-er to fail: "JP Morgan Chase Bear Stearns Washington Mutual and the Bank of America Countrywide Merill Lynch."

What about Goldman Sachs, did they buy another bank? The character in blue asks.

"No," the other replies. "Because when you already own the US government, you don't need to buy any more banks."

WATCH below

The video follows Malekan's popular explanation of the Federal Reserve's quantitative easing policy, which presented it as a hopelessly misguided effort to save the world economy.

WATCH below

Comments

[Siebenstein]

06:56 AM on 02/04/2011

..............and we should spit on this administrations shoes when they walk by, since they reject any attempt to come up with true regulation as well !!

Please don't mention that fake attempt they call regulation, ITS A JOKE !

[SitandStay]

08:00 AM on 03/05/2011

No one is laughing though.
INSIDE JOB, the documentary, will be available on DVD Mar 8th.
If you haven't seen it and aren't facing a foreclosure, see it. It will knock you over.
It covers MERS and all sorts of untidy stuff right from the lips of the crooks.

[NickTAZ]

06:36 PM on 01/31/2011

These cartoon are usually funny and informative (i.e. their take on our trade agreement with China). This one, however, fell flat on comedy and was light on facts. I understand how the creators thought that these lovable bears could make over the top statements like, to Ben Bernake, "if you're not a banker, you don't exist," but these are just conclusions meant to play on the audience's emotions and not logic. The whole thing starts off with three questions-- "Do you trust politicians .... Does 2 + 2 = pink?" -- the connotation being that if the answer is "no" then the bailouts must mean that banks robbing are the people blind.

This whole scene was merely designed to make people who already hate the banks feel good about themselves rather than make any cogent argument. And worse.... there IS a argument to made against the banks, but the creators apparently knew their audience wouldn't be interested and so they just skipped the research-- apparently.

[DinNM]

05:05 PM on 01/31/2011

It's over folks. America is bankrupt. Our country is owned entirely by foreigners and they are now our masters. The U.S. government is just a sad joke now and "democracy" is nothing more than a memory of a country that used to be. We belong to China and Saudi Arabia now, like it or not.

Who's to blame? Chiefly, Reagan, Clinton, and BOTH Bushes. Now Obama is one of them. He has shown us that. Color of skin takes a backseat to color of money every time.

[Maarten Wentink]

06:32 PM on 01/31/2011

China owns about 7.5% of our national debt.

[jwilson1]

11:23 AM on 01/31/2011

Very funny and super well done..but subject matter is a tragity of moral fiber in the banking system...bring it on Wikileaks.

[thestargazer]

09:33 PM on 01/30/2011

Yep!

[Skyhawk]

06:45 PM on 01/30/2011

I see a gold bubble.

[PDXM1ke]

03:38 PM on 01/30/2011

I think that these "movies" do not accurately describe what happened. They are examples of right wing propaganda.

[RunningBecky]

07:55 PM on 01/30/2011

Your partially right . I think, if I remember properly the people who put these out are Libertarians. Now I have no use at all for libertarian philosophy. These also got a lot wrong describing why the quantitative easing is down and what it is supposed to accomplish. But while everything in those videos have to be taken with a few grains of sand, there is, admittedly a lot in there that is correct. Their worth listening to because they do make points that need to be made and ideas that should be considered. I like the videos, their good, Even though Libertarian economics would be a disaster about on par with that 2012 movie. Huggs Becky

[PDXM1ke]

12:26 AM on 01/31/2011

Point taken. F&F.

[JustAnotherLiberal]

02:42 PM on 01/31/2011

Agreed.

The quantitative easing video was *mostly* wrong and full of points that did *not* need to be made, though. It's a real shame that it has probably had an effect on the way the public - or at least, the YouTube portion of the public - view QE.

[hrpmap]

11:34 PM on 01/29/2011

I don’t have an opinion to post, just some questions. It’s pretty well clear that the fed is not a government agency as the “Owens Glass Bill” commonly known as the “Federal Reserve Act” establishes the fed as a stock based corporation, and spells out how the stock is to be divided and sold. So, my question is and hopefully someone can answer it, did the fed incorporate under the World Bank, and if so wouldn’t they be a foreign corporation and where are the records of that filing? I over heard a conversation at a local café where one man was telling another that a foreign corporation could not buy treasuries directly from the US Treasury Department, that in order to but US treasuries they must buy them through a broker, is that true, and if so how would I get that info?  

[ACMSinc]

09:07 PM on 01/29/2011

They fooled us when they gave us all those stated asset, stated income, Arms, Interest only and Negam, and trap Loans, they fooled us when they sold those mortgages in packages to investors, they fooled us by buying insurance against foreclosures (because they knew they were doing all of those risky loans) they fooled us when they scare the people and congress to give them $700 bail out, the fooled us with their fraud-closures and their forged notes, lost notes, intentional destruction of notes, unauthorized people signing mortgage assignments or endorsing notes, missing documentation, fraudulently fabricated documents, different plaintiffs foreclosing on the same property, plaintiffs who do not exist and the inability or refusal to provide proof of purchase and/or ownership of the promissory notes.
How does that saying goes..... fool me once......

[ninetailedfox]

02:02 PM on 01/29/2011

I dont think the creatures in the video were bears. Bears dont have floppy ears. they look more like weird dogs to me.

[ninetailedfox]

01:41 PM on 01/29/2011

You are being lied to. One thing I learned quickly after I deconverted from christianity. People have to learn to think for themselves, and stop believing that the governement is your friend.

[Ralph Perman]

11:56 AM on 01/29/2011

Sometimes the truth really Sucks.

[Cowboylove]

11:21 AM on 01/29/2011

Brilliantly funny and enormously depressing.

[USNDC]

08:04 AM on 01/29/2011

2012 ... I hope the people vote against "all" of the corrupt career politicians of the 2-party establishment government.

These arrogant selfish f^cks are using taxation to fund their slush funds !

[BHD]

12:27 AM on 01/30/2011

Valid point, but we'd need to FLOOD every primary of both major parties with a "throw the bums out" candidate. Every house seat, every running senate seat and both presidential primaries would need an outsider to run. I'll run if we can get people for the rest of congress though.