The Daily Show - Fraud City

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Comedy Central

Comedy Central

9 жыл бұрын

When a cheating scandal rocks an Atlanta school system, Jon notices eerie similarities to the 2008 U.S. financial crisis brought on by Wall Street.
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Пікірлер: 671
@corvisqueer
@corvisqueer 3 жыл бұрын
It's so weird looking back on Jon Stewart's bits now, watching his mannerisms and cadence and expressions, and realizing how much he affected my sense of humor and the way I tell jokes and express sarcasm. Guess I got more than just an interest in politics from watching him so much as a kid. Thanks, Jon. For everything.
@marshallgarcia7546
@marshallgarcia7546 Жыл бұрын
Literally SAME! - that’s why i got my poly sci degree !
@heyysimone
@heyysimone 4 жыл бұрын
The way he says "nearly broke the earth" is just spot on for what actually happened. They almost did break the damn planet.
@Bayseek
@Bayseek 8 жыл бұрын
Not only jail but 20 Years? 20 Years for Fraud? How about spending the money you waste on that and paying your teachers more, so that they don't need "fraud" to get to money.
@thecool24681
@thecool24681 8 жыл бұрын
OMG that sounds like a pretty good idea. I wonder why they won't do it. I'm serious this is a great idea.
@pavan5able
@pavan5able 8 жыл бұрын
they don't do it because that would help in educating the masses. are crazy?! we can't have that!
@acaaew
@acaaew 7 жыл бұрын
I will give you 1 hint on why, skin color.
@TriniLush7
@TriniLush7 5 жыл бұрын
more like class, than race for real.
@hazukichanx408
@hazukichanx408 5 жыл бұрын
+Ultimate Dweeb - Class segregation tends to be based on race segregation, though, so perhaps we can agree they're both factors or perhaps rather, symptoms of a larger problem: Too many people don't care about things that matter, like others' right to dignity and justice, while caring too much about things that don't matter, like the many lies they've been told by heavily-lobbied politicians and privately owned media acting as puppets of the corporations.
@MrLuizilla
@MrLuizilla 9 жыл бұрын
Waitwaitwaitwait. Teachers who changed student grades in order to, at worst, keep their unappreciated and underpaid jobs so they could make ends meet at the end of the month, and at best, to help failing students, went to jail... While people linked to a massive global economical crisis walked away... Huh.
@WordedDrake
@WordedDrake 8 жыл бұрын
MrLuizilla You shouldn't be able to buy yourself out of jail time. Those few million dollars in fines are nothing to them and they're gonna continue right where they left of.
@russiansquare
@russiansquare 8 жыл бұрын
MrLuizilla How about corrupt, arrogant pigs who kill people over nothing and never go to jail....
@ThatFalloutGod
@ThatFalloutGod 8 жыл бұрын
You're talking on behalf of the 20% ( if that ) of teachers in the US. But do we really want to get into the other 80% ( maybe more ) that are nothing more than pieces of shit that waste everyone's time and suck up taxpayer money? While I'm all for teachers being paid more, if we're going to do that then becoming a teacher has to require having an IQ above 20, ACTUALLY be evaluated by the students as well as other faculty so the students' voices can be heard and weed through the shitty teachers, and have the entire "education" system be reevaluated since its nothing more than a burning pile of dogshit on taxpayers' front doorstep that they continuously throw money into.
@mcmarkmarkson7115
@mcmarkmarkson7115 8 жыл бұрын
+ThatFalloutGod IQ is worthless to measure intelligence. You will never get enough money the school would need. You can´t properly educate 30 people in one class with one person. All you can do is show the kids what they have to learn, not how they can learn it. There is no time to explain to 30 people or even 20. People are individuals and everyone has different problems in school. There is simply no time for everyone kid. So we have standardized bullshit. If you want to learn leave school and use the internet. Self motivated learning is the best anyway.
@ThatFalloutGod
@ThatFalloutGod 8 жыл бұрын
MC Mark Markson First off, I was using IQ as a joke because most teachers nowadays are worthless pieces of shit. Secondly, learning by yourself isn't the best way to learn, that's been proven wrong on multiple occasions. And it's not impossible for good teachers to teach 20 kids the shit they need to know to pass the class ( granted, I agree smaller classes are by far better than bigger, and I'd be all for a limit on how many are in a class, like 20 ), it's just when you get little shits or bad teachers when problems arise. The problem ( which I could go very much into depth about all the problems about America's "education" system, but I'm not unless you want me to ) is that everyone is assbackwards on their "solution" to the problem.
@MegaChickpeas
@MegaChickpeas 8 жыл бұрын
It's fu*king legit that Jon Stewart is the best host in TV history!
@dexteraguirre2814
@dexteraguirre2814 5 жыл бұрын
News comedy host. . fixed
@WisamSafi1978
@WisamSafi1978 4 жыл бұрын
Was 😭
@tooitchy
@tooitchy 8 жыл бұрын
As great as this segment is, it doesn't even touch on the problems with the current education testing system that actually led to teachers cheating. Tying students test scores with teacher wages and job security, does not work, it has never worked, and it will never work. There will always be kids who know the standardized tests don't affect anything for them, and fill out the bubbles randomly, or try to make designs, etc. Hell half my class used to do it in middle school, tying a teachers livelihood to that is cruel.
@bellavita2284
@bellavita2284 8 жыл бұрын
+Darren Kehrli It was touched upon, as Stewart hints at financial incentives being a cause
@BellsNoel
@BellsNoel 8 жыл бұрын
like your statement. some kids are not great at tests. some parents don't care or work too much to help.
@malcolmboy21
@malcolmboy21 4 жыл бұрын
Damn I did that as a kid. All the time. Hell I did it on my ASVAB and got a 47. And I was one of those kids that didn't take those test seriously. The only one I ever took serious was my high school exit exam. Now that I know some teachers needed this to get paid I feel fucked up. I mean I passed my test but had I actually applied myself more they could've gotten paid more. That's cold.
@xmlthegreat
@xmlthegreat 3 жыл бұрын
@@malcolmboy21 that's wrong to do. The test scores system is rigged against the teachers as well. Some opaque arbitrary fucking algorithm from a company decides the projected score that a student should get, and if they get below that the teachers get paid less. It's sheer corporate barbarity and callousness taken to the extremes. I feel sick to imagine what these monsters will think of next.
@SockLove
@SockLove 3 жыл бұрын
The segment was more to emphasize the fact that people that caused the worlds economy to colapse got out scott free but teachers went to jail
@danki2000daniel
@danki2000daniel 9 жыл бұрын
Our criminal Justice system is phucking joke. Exactly why no one should support the death penalty
@vpdrinks
@vpdrinks 9 жыл бұрын
I agree.
@BurazSC2
@BurazSC2 9 жыл бұрын
daniel harvey iv It's so bad, people can't even spell 'fucking' correctly.
@danki2000daniel
@danki2000daniel 9 жыл бұрын
BurazSC2 laff out loud
@danki2000daniel
@danki2000daniel 9 жыл бұрын
I actually phucked that whole sentence up.....forgot an a too
@BurazSC2
@BurazSC2 9 жыл бұрын
daniel harvey iv *shakes head*. you Americans and your education system. :P
@reimmukhtarmohamedahmedalh8329
@reimmukhtarmohamedahmedalh8329 8 жыл бұрын
Jon Stewart is amazing as usual
@mattsharpey361
@mattsharpey361 9 жыл бұрын
Stewart nails it yet again. WTF America?
@schwubs
@schwubs 9 жыл бұрын
This was an excellent piece.
@linakster
@linakster 9 жыл бұрын
Matt Sharpey Corruption is nothing new, he isn't nailing anything, it's already firmly nailed in.
@markstanley4141
@markstanley4141 Жыл бұрын
"Vote Democrat#MeToo#Biden is the best President in history
@supastar25
@supastar25 7 жыл бұрын
Twenty...TWENTY years!? Are you kidding me?
@antred11
@antred11 6 жыл бұрын
supastar Personally I'm not against severe punishment for fraud and corruption. I only wish it were applied equally harshly to the big fish.
@Einomar
@Einomar 5 жыл бұрын
Yeah it's ridiculous.
@theangryholmesian4556
@theangryholmesian4556 5 жыл бұрын
Gotta fill the prisons to get that sweet cheap labor.
@forman208
@forman208 4 жыл бұрын
@@antred11 20 years for that is an fucking joke. Rapists and even murderers get less time than that
@lateral1385
@lateral1385 3 жыл бұрын
Unacceptable
@Sherlocklord
@Sherlocklord 8 жыл бұрын
I miss Jon Stewart
@marco1234ami
@marco1234ami 9 жыл бұрын
Justice for the rich
@coolfloyd6113
@coolfloyd6113 9 жыл бұрын
Marco A Injustice for the rich
@Muadexperience
@Muadexperience 9 жыл бұрын
Unjustice for rich
@anthonykoutso457
@anthonykoutso457 9 жыл бұрын
Rich for the justice
@jordanfrazierful
@jordanfrazierful 9 жыл бұрын
Marco A What?
@AdmiralBison
@AdmiralBison 9 жыл бұрын
Marco A presided by Justice Rich.
@mutopis
@mutopis 9 жыл бұрын
crime does pay if you are a banksta.
@someonesomewhere9746
@someonesomewhere9746 9 жыл бұрын
mutopis nice
@bowwowchickawowow
@bowwowchickawowow 9 жыл бұрын
Anders Dahl Check out Peter Joseph with the Zeitgeist Movement and Jacque Fresco with the Venus Project here on youtube. Their stuff is so consistently good I don't even have to provide a link. Enjoy!
@Ineddiblehulk
@Ineddiblehulk 9 жыл бұрын
mutopis I see what you did there... I like it.
@RDL15100
@RDL15100 8 жыл бұрын
I sincerely thank +Comedy Central for keeping some of John's stuff up!!
@lbdobson
@lbdobson 9 жыл бұрын
Why can The Daily Show educate (with humour) but every news network be so utterly useless? This is why the Daily Show is the number 1 news source for so many Americans.
@AdmiralBison
@AdmiralBison 9 жыл бұрын
Larry Dobson actually and unfortunately Fox News is the bigger rated "news" source. Fox news is funny as well, just not ha ha funny.
@lbdobson
@lbdobson 9 жыл бұрын
Duane Locsin I sometimes think the appeal of a "news" channel like Fox is because the viewer is not required to think, consider, ponder the stories of the day. With Fox you get both the stories and what your opinion of them should be. A nice neat, easy package gift wrapped in beautiful self-righteousness. Very efficient of them.
@daviddrahmann4209
@daviddrahmann4209 9 жыл бұрын
Larry Dobson I rather think it's because people turn it on to see someone cater to the views they already hold. They aren't in the least interested in truth, they are interested in having their beliefs massaged. So it's pandering and companies pay bzillions of dollars in ad money to Fox and others because they know that people keep running back to hear what they already think being affirmed.
@lindaking7343
@lindaking7343 9 жыл бұрын
Larry Dobson
@GordonofSeattle
@GordonofSeattle 9 жыл бұрын
Larry Dobson News network are not useless at all for the people who pay for them. The naition has been lobotomized. Mission accomplished. Msnbc, fox and cnn play good cop-bland cop-bad cop
@MrPhilbo03
@MrPhilbo03 9 жыл бұрын
Point, set, match. Spot on Jon. :)
@willcerf757
@willcerf757 8 жыл бұрын
It's making these kind of connections, and offering this depth of analyses, that made the Daily Show w JS not just comedy but exceptional journalism. Stewart would often illuminate the systemic hypocrisies in our system where his counterparts on the 24-hour news cycle would just scratch the surface.
@nathanmckenzie904
@nathanmckenzie904 4 жыл бұрын
I forgot how savage this man was! I love Trevor Noah but Jon was other world savage
@cleanmarch
@cleanmarch 6 жыл бұрын
Wow...now this is... something.... wow, the amount of work and effort that goes into these pieces. Jon Stewart was really a gem. Damn, he really went after Wall Street every chance he got. And he never let go of them no matter what. In hindsight, it must suck to scream about it for so many years and not seeing any resolution to it.
@starmanhov
@starmanhov 5 жыл бұрын
Man this show was so much funnier with Jon Stewart
@luckylefty2405
@luckylefty2405 4 жыл бұрын
TheHovster7 agreed. Trevor Noah isn't terrible but he definitely isn't Jon Stewart
@jasongrig
@jasongrig 5 жыл бұрын
watching this in 2019 makes him look irreplaceable. noone makes these analogies anymore. they just report the daily news
@EdibleClown
@EdibleClown 3 жыл бұрын
Have you tried John Oliver?
@badaxestar3532
@badaxestar3532 3 жыл бұрын
Lee Camp! Samantha Bee! But you're right, Jon Stewart is one of a kind! How is it there is more journalism in our comedy than in our news?
@micahthomas199
@micahthomas199 3 жыл бұрын
I need him back. Time to come out of retirement
@ayubhussein201
@ayubhussein201 3 жыл бұрын
@@micahthomas199 yes time to bring Stewart back! but prob aint gonna happen
@matthewnunya6329
@matthewnunya6329 3 жыл бұрын
Oliver is the person who carries the Torch. The others listed aren't even close
@DestroJJ
@DestroJJ 9 жыл бұрын
The Great Hypocrisy of our Democracy.
@GordonofSeattle
@GordonofSeattle 9 жыл бұрын
OmegaMagnetic plutocricy brother
@sebastianquinchia1840
@sebastianquinchia1840 9 жыл бұрын
My friend, unfortunately we do not live in a democracy, we live in a Republic. In a democracy, every eligible citizen can vote on laws. In a Republic, we elect leaders to make laws for us.
@chewbactimusprime
@chewbactimusprime 8 жыл бұрын
+Sebastian Quinchia We live in an oligarchy now, if once it was a republic. The rich and powerful control the fate of this country through their lobbyists and the puppet politicians they control. We the people are here to provide the contrast that makes being part of the 1 percent look so special.
@bobmilaplace3816
@bobmilaplace3816 8 жыл бұрын
+chewbactimusprime No it was an oligarchy back then as well. Slavers, rich men etc, the American Revolution was about taxes and the rich didn't want to pay
@DarkArtistKaiser
@DarkArtistKaiser 8 жыл бұрын
+OmegaMagnetic Indeed. >Try to take a short cut just to survive? >Decades of hard time >Rob nations, turn people into virtual slaves, destroy entire ecosystems and economies >A slap on the wrist
@3214lifelol
@3214lifelol 8 жыл бұрын
#BernieSanders is one of the few candidates in history to fight against this corruption, one of the few to have the balls. That is one reason he has my vote #BernieSanders2016
@jdbrauner8325
@jdbrauner8325 8 жыл бұрын
+Lawrence D. So you're SANCHO PANZA !!! Lose the Presidency, lose the Supreme Court. Lose the SCOTUS and you find out what corruption is really all about. Bernie is a very nice man but he has nothing like the political power needed to deal with a GOP/TP congress. If you value the small progressive changes of the last 50+ years you will hold your nose and vote to elect the first women President.
@adamparol8554
@adamparol8554 8 жыл бұрын
+J D BRAUNER You mean the woman that is fake as sh*t and not sincere in any way?
@jdbrauner8325
@jdbrauner8325 8 жыл бұрын
Yep that's the one !! Or sit on the sideline and worship St Bernie while the country prepares to deal with President Trump or WORSE PRESIDENT CRUZ !!!
@no1lykeJ
@no1lykeJ 8 жыл бұрын
+Lawrence D. There is a movement formed in support of Bernie Sanders because we believe he represents the sentiment of America's majority. Please take a look at this Facebook group page: facebook.com/groups/1659751380950836/ "The New Regulator Movement"
@no1lykeJ
@no1lykeJ 8 жыл бұрын
+J D BRAUNER This isn't about just electing a President, It's a "REVOLUTION", and it begins here with all of us connecting on social media. There is a movement formed in support of Bernie Sanders because we believe he represents the sentiment of America's majority. Please take a look at this Facebook group page: facebook.com/groups/1659751380950836/ "The New Regulator Movement".
@Amanda-mb5sp
@Amanda-mb5sp 3 жыл бұрын
Watching this in January of 2021 is the absolute chef’s kiss. Occupying Wall Street didn’t work. Infiltrating it did!
@michellem4287
@michellem4287 3 жыл бұрын
We know now it's called privilege. Still missing you John in 2020! Thank you for waking the world and leaving such a strong Legacy with Trevor, Stephen, Jon. and too many talented philosophers. Love you!!
@MischievousBastard
@MischievousBastard 9 жыл бұрын
Wealth = privilege. The word privilege itself is very pertinent here: privi like privy, as in private; and lege like legislation or legal, as in law. Privi lege means private law. That is what we can say that we mean when we talk about privilege, someone who is different from the rest of us before the law. As we can see from this video the banksters have a privi lege over the teachers, they are different before the law. Lying and cheating and racketeering will put a teacher behind bars but not a bankster because of the privilege, the private law, that is afforded to those who make a lot of money. Now how is that right?
@greendogg83
@greendogg83 9 жыл бұрын
I love it when he does his wiseguy routine, cracks me up.
@emmanuellubin9704
@emmanuellubin9704 9 жыл бұрын
Great point. Get em Jon Stewart
@dhawalmahajan5432
@dhawalmahajan5432 5 жыл бұрын
Loved this piece from Jon the most!! Please Jon Stewart come back to daily show..
@DefaOmega
@DefaOmega 4 жыл бұрын
It's 2020 and Coronavirus is happening right now and I'm watching old John Stewart and Colbert Report segments. What ads am I seeing? Trump reelection ads... Why?!
@mouneshaddad7546
@mouneshaddad7546 3 жыл бұрын
Oh Jon! We miss you so much ! You’re so needed now!
@ernestomarcos0103
@ernestomarcos0103 3 жыл бұрын
So this immediately reminded me of Season 4 of The Wire where Black-majority schools in Baltimore had to give kids the answers to the standardized tests so that the school would keep receiving money. I imagine Atlanta's case wasn't much different. A system that forces schools to do that instead of incentivizing them is clearly wrong, not even needing to mention the subprime fraud.
@txlee5513
@txlee5513 2 жыл бұрын
The contempt and hatred on the face of that judge is so hard to look at. He just revelled in his scorn. Scary to imagine what other people he treated that way.
@Damonxoxo
@Damonxoxo 6 жыл бұрын
American justice system where a rape crime is 3 years where as a cheating scandal is 20 years?!!
@panama2468
@panama2468 6 жыл бұрын
Mahnoor Malik the white man has to ensure his most common crime isn't punishing as harshly as the rest
@hankmoody7974
@hankmoody7974 3 жыл бұрын
@@panama2468 If you think this is simply black-and-white you're as dumb as a Trump supporter.
@PeterGriffinFOX
@PeterGriffinFOX 5 жыл бұрын
4 years later, just 4 years, and history fucking repeated itself like 3 times since this episode
@mininabs
@mininabs 8 жыл бұрын
The major difference is that if test scores aren't high enough the ENTIRE district can lose funding, be subject to governmental punishments, etc. Saying that teachers did is simply because they wanted a bigger paycheck (which, who doesn't?) is to simplistic. Surprised Jon didn't point this out.
@ortuignis3782
@ortuignis3782 8 жыл бұрын
probably one of the best endings ive ever seen. miss this guy.
@xanpenguin754
@xanpenguin754 5 жыл бұрын
Loved the segment. Also that CNN/Atlanta joke was great.
@patrickm7739
@patrickm7739 3 жыл бұрын
I miss Jon Stewart. He was so perfect for this show
@niclasvw685
@niclasvw685 8 жыл бұрын
How can a person with such a emotional behaviour even become an neutral and objective judge?
@eveoleson5160
@eveoleson5160 8 жыл бұрын
+Niclas vW I think a lot of judges run for office unopposed.
@Twofirmfeet1024
@Twofirmfeet1024 9 жыл бұрын
Very well put John
@ITV-ITV-
@ITV-ITV- 6 жыл бұрын
Brilliant!
@TheAmericanCrusader
@TheAmericanCrusader 5 жыл бұрын
If you're gonna commit a crime, you gotta be rich to avoid jail time.
@dfghdfghuytiu8207
@dfghdfghuytiu8207 4 жыл бұрын
I would watch every one of these shows over again from the beginning. How about it, Comedy Central?
@jpstudios3056
@jpstudios3056 6 жыл бұрын
I love him
@monkeyrotary6979
@monkeyrotary6979 5 жыл бұрын
We miss you John your insight and cleverness is desperately needed. Now more than ever.
@pitbull7440
@pitbull7440 2 жыл бұрын
Put very simply... Rich: no trouble Poor: trouble
@dewaynethomas3122
@dewaynethomas3122 5 жыл бұрын
I miss staying up late ta watch The Daily Show and I didn't have to worry about our President trying to become King.
@TheoneandonlyEETFUK
@TheoneandonlyEETFUK 8 жыл бұрын
Halls of Justice painted green, money talking.
@-radioq2026
@-radioq2026 8 жыл бұрын
This is best comedy piece I have ever seen
@jaymehta7769
@jaymehta7769 5 жыл бұрын
This is a genius segment. Brilliant.
@surgie8389
@surgie8389 6 жыл бұрын
Jon Stewart is a god!
@HoOGenghisB
@HoOGenghisB 4 ай бұрын
Hellllo can’t wait for this again
@fclavijo
@fclavijo 9 жыл бұрын
In New Jersey that's considered a compliment...
@DarkArtistKaiser
@DarkArtistKaiser 8 жыл бұрын
Its terrible the teachers did that, but more so is it terrible that through the incompetence of the government for not only stripping the educational system of funds but also enforcing insane goals to reach.
@cgmam8923
@cgmam8923 3 жыл бұрын
What a legend!
@sup3rfunk
@sup3rfunk 9 жыл бұрын
the financial collaps in 2008 was crazy! i would have never thought that even we as factory workers in germany would feel the shockwave.
@John-cq3hk
@John-cq3hk 4 жыл бұрын
This guy. What a legend. "You live in Atlanta! "
@gambit752
@gambit752 4 жыл бұрын
That’s some harsh reality
@a.thomville
@a.thomville 9 жыл бұрын
this is so true
@dimakhidarkovskiy2175
@dimakhidarkovskiy2175 3 жыл бұрын
Great video
@52flyingbicycles
@52flyingbicycles 7 жыл бұрын
Wealth is the greatest superpower
@pdoylemi
@pdoylemi 5 жыл бұрын
I worked for an honest mortgage company in the 1990s, and it was tough - because there were competitors who would inflate appraisals and lie about the clients to get a loan made, and we would not. Also, we would not lend more than 100% of appraised value and rarely more than 80%, but our competitors would loan up to 120% of a fake appraisal. We looked like the bad guys very often, because our competitors would loan maybe $50,000 while we could only loan $5,000 or $10,000, or nothing. That is because we might get a potential customer with a $60,000 loan on a $70,000 house and at best, we could loan against the $10,000 equity, but a competitor might falsely appraise the place at $100,000 and loan up to 120% of that making $60,000 possible. And the customer (being a bit dumb) did not know who to trust, but they wanted the money.
@nelsonrodrigomartin3489
@nelsonrodrigomartin3489 9 жыл бұрын
That's a textbook acute case of justice ridiculitis.
@hellfirehockey4236
@hellfirehockey4236 5 жыл бұрын
Miss Jon! He had no bias, shit on everyone equally.
@foreseengust
@foreseengust 8 жыл бұрын
I can see how seeing and talking about these injustices everyday would drive a decent person to leave a job in which he had to keep talking about these injustices knowing nothing will ever change...
@robbiesize
@robbiesize 9 жыл бұрын
Wow!
@TheSilverPhoenix100
@TheSilverPhoenix100 8 жыл бұрын
well the difference is those test scores would have meant those teachers would lose their jobs, where as cheating on wall street yeilds multi million dollar bonuses
@Anjalena
@Anjalena 4 жыл бұрын
I grew up in Atlanta and I was a teen in the 80's so I went through the whole terrifying child murderer period. But as far as I know, even to this day there are still doubts on whether they got the right person. Just thought I'd throw some trivia in here since he brought up Wayne Williams when talking about all the shitty things Atlanta has done and experienced.
@alwillk
@alwillk 2 жыл бұрын
The murders stopped after they caught Williams.
@chewbactimusprime
@chewbactimusprime 9 жыл бұрын
Wall Street should pray this country's society doesn't collapse into anarchy and revolution in there lifetimes, cause who do you think we'll be crucifying first?
@gigabic7487
@gigabic7487 9 жыл бұрын
Scientologists. They're going first.
@diegolee9120
@diegolee9120 8 жыл бұрын
+chewbactimusprime Once people start starving by the masses, we will have nothing else to lose. Go for it
@nathanbrady8529
@nathanbrady8529 3 жыл бұрын
Consider, whenever you watch this, it is still completely relevant and nothing has changed.
@MarkyMark845
@MarkyMark845 4 жыл бұрын
What do people mean when they say "Wall Street"? Because, in reality, the traders on the floor who dealt in CMOs (collateralized mortgage obligations) which consist of a large number of mortgages grouped together and securitized to be sold to investors who are looking for a stream of income based on mortgage payments, are not the ones to blame. The companies who bought the risky "sub-prime" mortgage CMOs were taking a risk, much like investors who trade in below investment grade bonds or distressed debt. Were they doing something illegal or unethical? No, just risky. It wouldn't have occurred to them that a substantial portion of the mortgages underlying these obligations would be defaulted on, mainly due to unethical and illegal lending practices. So, it boils down to mortgage brokers, lenders and their associated companies. Call a spade a spade and blame the mortgage lenders, not "Wall Street".
@Martensite1
@Martensite1 3 жыл бұрын
This analogy is pure genius
@benjaminh-n803
@benjaminh-n803 9 жыл бұрын
Laughed my ass off at - 2:51
@Pineappletaco
@Pineappletaco 3 жыл бұрын
To put this into greater context the teaching incentive system was proven to not only led to ethical issues, especially teaching and financial gymnastics, it also led to teacher refusing to teaching normally when admin/appraisers showed up, refuse to share lesson plans with up-and-coming teachers, let alone new teachers, and this was in the 90's. That state chose to keep that system for a reason.
@warilban
@warilban 9 жыл бұрын
Classic Johnny
@damnumonkeyballs
@damnumonkeyballs 4 жыл бұрын
Oh look nothings changed
@markwale9681
@markwale9681 9 жыл бұрын
Wat a brilliant man
@coolhundred21
@coolhundred21 7 жыл бұрын
1 million we can do it!!!
@ekdaufin1485
@ekdaufin1485 3 ай бұрын
And those educators who were forced to do that at in jail! But not Wall Street !!!
@bringsik100
@bringsik100 3 жыл бұрын
well. I wish Jon covering the GameStop fiasco.
@Amaya313
@Amaya313 4 жыл бұрын
I love Trevor, but he can never fill this guy's shoes.
@TheSquirrelbeast
@TheSquirrelbeast 3 жыл бұрын
No one can. Jon is the GOAT. But Trevor has his own strengths and brings other things to the table. He doesn't need to fill other people's shoes, but stablish his own legacy.
@Amaya313
@Amaya313 3 жыл бұрын
@@TheSquirrelbeast totally true
@gymnast2890
@gymnast2890 6 жыл бұрын
Jon Stewart is hilarious!
@atomhearts
@atomhearts 9 жыл бұрын
I live in Jersey. The flat tires thing is totally true.
@rick9021090210
@rick9021090210 8 жыл бұрын
from the people that invented "too big to jail"... cheers! xD
@jacquelinemorrison1946
@jacquelinemorrison1946 2 жыл бұрын
Not. In. Row. No. Worrys.
@sharksfan2041
@sharksfan2041 5 жыл бұрын
That Pink Floyd/Meryl Streep joke to get to Wall Street was phenomenal
@robinsutton4952
@robinsutton4952 4 жыл бұрын
Fast forward to 2019. How many parents, college admissions, going down for buying kids into college?
@davidstowers1964
@davidstowers1964 3 жыл бұрын
The justice being blind bit at the end may well be analogous to justice taking it up trap 2.
@moemegahed6270
@moemegahed6270 4 жыл бұрын
I miss John Stewart 💔
@JBC352
@JBC352 6 жыл бұрын
Oh God, the peeing thing made me think of Drumpf's golden showers thing 😨
@bentd1018
@bentd1018 5 жыл бұрын
Altough the bankers/teachers did something terrible. The system of bonuses is also flawed
@MrMr123
@MrMr123 3 жыл бұрын
This guy is genius hahahaha
@zehrajafri9252
@zehrajafri9252 2 жыл бұрын
When the top is corrupt, corruption trickle's down into the masses.
@Lemuriam
@Lemuriam 6 жыл бұрын
you shouldnt be able to "settle" if you are accused of a severe crime.
@mashy1987
@mashy1987 5 жыл бұрын
Nothing against Trevor, but got to ask, this segment is so much smarter than current TDS episodes!
@sagerider2
@sagerider2 7 жыл бұрын
CNN gave me asthma laughing so hard. Yeah, much worse than the Civil War. LOL Here's some creepy coincidences. Abraham Lincoln was elected to Congress in 1846. John F. Kennedy in 1946. Lincoln was elected President in 1860. Kennedy in 1960. Both wives lost their children while living in the White House. Both Presidents were shot on a Friday. Lincoln's secretary, Kennedy, warned him not to go to the theater. Kennedy's secretary, Lincoln, warned him not to go to Dallas. Both were assassinated by Southerners. Andrew Johnson, who succeeded Lincoln, was born in 1808. Lyndon Johnson, who succeeded Kennedy, was born in 1908. John Wilkes Booth was born in 1839. Lee Harvey Oswald was born in 1939. Both assassins were known by their three names.
@kaderathebeekeeper22m3
@kaderathebeekeeper22m3 7 жыл бұрын
Marilyn Newman Stop playing
@sagerider2
@sagerider2 7 жыл бұрын
Evans Kadera Playing what, exactly?
@saitamatrash2527
@saitamatrash2527 7 жыл бұрын
Marilyn Newman that's so creepy. 😂😂
@sigsin1
@sigsin1 2 жыл бұрын
I blame No Child Left Behind. My cousin had to quit her job because she taught special ed and when this was first enacted, they had to pass the same tests as the non special ed students. It was ridiculous. Even though this was wrong, I understand it.
@PaulaAllenPaulasPlace
@PaulaAllenPaulasPlace 8 жыл бұрын
Naild It.
@TheEyeball37
@TheEyeball37 6 жыл бұрын
Oh my god. An Arby's ad just played before the video.
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