Did Politicians Get Rich From Bank Bailouts? | Soshal Network, Social Circle Connection

Did Politicians Get Rich From Bank Bailouts?

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When congress voted for the bank bailouts, were they going to personally benefit from it? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.

"Do the personal assets of congressional lawmakers affect the way they vote on federal legislation? New data says yes — at least when it comes to their votes to bail out Wall Street with hundreds of billions of taxpayer dollars.

Amid the 2008 financial crisis, congressional lawmakers passed a bill providing $700 billion of direct support to major banks. In a new study, researchers from the London Business School and Tillburg University cross-referenced lawmakers’ vote for that controversial legislation with those lawmakers’ financial holdings. Their conclusion: members of the U.S. House of Representatives with a personal stake in bank stocks were far more likely to support the legislation than those who were not invested in those institutions."

Read more here:

Hosts: Cenk Uygur

Cast: Cenk Uygur

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)

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14 comments

  1. Posted by Code, at Reply

    Fake News!

    • Posted by blackstarGOaT, at Reply

      Code So you think money in politics doesn’t matter ? Or do you spam
      comments without even watching the video ??

    • Posted by InsideOut, at Reply

      Fake human!

  2. Posted by Aldous Huxley, at Reply

    Obviously. Why is this a question?

  3. Posted by Ozymandias, at Reply

    I haven’t seen the video yet but I’m going to go ahead and guess absolutely
    not

  4. Posted by Gouky, at Reply

    Do Liberal Fascists buy votes with welfare?

    • Posted by InsideOut, at Reply

      Do conservative retards buy a working brain with their welfare? Fact, red
      states take the most in government assistance, but you don’t deal in facts
      do you?

    • Posted by Syrup Forever, at Reply

      InsideOut Ooooohh roasted

  5. Posted by Kareem, at Reply

    Congrats man, for going a hold video without crying about trump.

  6. Posted by tkzubaran, at Reply

    Not a single word on the truck of peace killing people in Berlin? I was
    expecting at least a propaganda peace on how it is the fault of the Trump
    or the patriarchy.

    Shame on TYT supporters.

  7. Posted by Jekyll Hyde, at Reply

    that’s funny because TYT’s favorite negro president was the #1 politician
    that got rich from the bailouts… Gay Barry was the one pushing for
    bailouts…. wonder why mhmmmm

    • Posted by donavon pip, at Reply

      Jekyll Hyde you are one sad individual

  8. Posted by The Progressive Voice, at Reply

    Hey all, I am 16 years old and I am truly aspiring to become a news
    reporter here on YouTube! I am very hopeful that you guys will give my
    channel a look and tell me what you think! Thanks guys!!

  9. Posted by Kareem, at Reply

    TRUMP will restore America to greatness! The young teletubbies need to show
    some respect.