Streams

Jonathan Tasini: Wall Street Critic

Wednesday, April 28, 2010

Labor activist Jonathan Tasini, who is challenging Sen. Kirsten Gillibrand for the Democratic nomination for Senate, comments on the Goldman Sachs testimony and his run to unseat Sen. Gillibrand.

Guests:

Jonathan Tasini

Comments [38]

Carl from NJ

Tasini is correct in his support of working Americans and that their interests have been pushed aside in favor of the corporate and banking elite. In NJ, teachers and their unions are now under attack for being over compensated. Instead of attacking them, other working and middle class Americans should look at how teachers have organized themselves as a model that they could emulate in their own lines of work. This would be wiser than buying into the myths that continue to allow the already wealthy to enjoy most of the benefits of economic booms while their own standards of living steadily decline.

Apr. 29 2010 03:52 PM
Eugenia Renskoff from Williamsburgh, Brooklyn

Hello, Brian, Like the former investment banker said, brokers pay more attention to the people with the biggest bank accounts. Even so, a person who has little to invest now, can have a lot to invest tomorrow. I would not do business with a company if that company did not want to make money for me. If I was just another number, why bother with them? It would be better if brokers thought about doing the best they could for their clients. They can make a good commission honestly. That is not impossible, though they may think it is. Eugenia Renskoff

Apr. 28 2010 01:45 PM

Derek: "Public funded elections is a joke it will become a total take over of our government by the two party system.

you say that like we haven't already had "a total take over of our government by the two party system." so i'm unclear what your point was

Apr. 28 2010 10:44 AM
Mike from Manhattan

The problem is Goldman is a publicly owned corporation and by law they can only look out for the best interests of the SHAREHOLDERS! If the officers of GS did not represent the best interests of the shareholders they could be sued by the shareholders for malpractice. There needs to be professional advisers who do owe their allegiance to their clients who advise on financial matters. Sales needs to be a completely separate function in a separate organization.

Apr. 28 2010 10:43 AM
mike


It's likely I disagree w/ >98% of your policy views, however, I will vote for you - because you are very correct about $$$ being the prerequisite for (not only) candidacy. I work on "Wall St." btw. The least senior 'secretary' - gets full medical etc., company contributions to retirement, company subsidies for education, and annual bonus (no matter if we profit or not). Just saying.....

Apr. 28 2010 10:43 AM
Mike from Manhattan

The problem is Goldman is a publicly owned corporation and by law they can only look out for the best interests of the SHAREHOLDERS! If the officers of GS did not represent the best interests of the shareholders they could be sued by the shareholders for malpractice. There needs to be professional advisers who do owe their allegiance to their clients who advise on financial matters. Sales needs to be a completely separate function in a separate organization.

Apr. 28 2010 10:43 AM
Taher from Croton on Hudson

But a car dealer dose not have an opportunity to bring down an entire economy.

Apr. 28 2010 10:42 AM
Calls'em As I Sees'em from here, there and everywhere

Funny how Obama promised to take public money, but lied and spent $800 million dollars in private money to get elected (against McCain's $84mil in public funds).

Much (2/3rds) of Obama's cash came from fat cats, bundlers, big business, lobbyists and special interests - including from the folks that he now vilifies. Lol.

Apr. 28 2010 10:42 AM
Taher from Croton on Hudson

One might as well invest with the Mob. These bankers are racketeers.

Apr. 28 2010 10:39 AM
The Truth from Becky

So when exactly did Jesse Jackson say that?

Apr. 28 2010 10:31 AM

For the record, Walmart has told their employees throughout the US to seek public assistance. Working people, making wages that don't pay their bills. Disgusting.

Apr. 28 2010 10:31 AM
dsimon from Manhattan

Derek: "Public funded elections is a joke it will become a total take over of our government by the two party system. Will any 3rd party get this public election money..."

Short answer: yes. Show a threshold level of support, and the candidate qualifies for public funding. (There has to be some threshold so that only serious candidates get public funds; if frivolous candidates get funds, there will not be public support for the system.) Maine and Arizona have had such systems at the state level since 2000, and they seem to work pretty well.

And even if the answer were no, it would still be better than a 2-party system dependent on large donors.

Apr. 28 2010 10:30 AM
tester from crown hts/brklyn

I love this guy! Thanks for directing the spotlight on him - Gillibrand would never agree to a debate with guy.

Apr. 28 2010 10:27 AM
Taher from Croton on Hudson

The book by Kevin Phillips “ Bad Money” should be read by any one who is interested in America’s future. Good read. Explains a lot about the global finance system and American economy and where it’s heading.

Apr. 28 2010 10:27 AM
Robert from NYC

yeah if MSNBC can play an uncensored Senator reading a document why can't NPR who supposedly has no commercial supporters whom you might offend. tsk tsk tsk.

Apr. 28 2010 10:26 AM
Tom from UWS

Still amused by George Will's comment "Barack Obama is God's gift to columnists."

The obvious parallel we were hearing for a very long time: "George Bush is God's gift to comedians."

Apr. 28 2010 10:26 AM
Rick from Comncecticut Coast

Tasini is correct, the real problem is that the banks "hedged" their prospects by not only having the Republicans in their pocket, but bought the Democrats as easy as buying a poodle in a pet store in the 1990's, hence no real reform.

Apr. 28 2010 10:26 AM
norman from NYC

Actually the NYT did run a piece about Tasini running for the Senate

http://www.nytimes.com/2010/01/27/nyregion/27tasini.html

Apr. 28 2010 10:24 AM
Derek from Wayne NJ

REFORM: The Census according the US Constitution is mandated to apportion the representatives by State. Why has the US Congress not expanded its membership since the 1910 census and why did the Congress freeze the membership at 435 in the Reapportionment Act of 1929. The congressional distinct sizes have tripled in population (212,000 to 650,000) while the Congressional House membership has been stagnant at 435. If this is truly a representative government we need to increase the House Membership. This also affects the Electoral College and Presidential elections.
Also the Method of Equal Proportions is a disaster for apportionment and an equal divisor method would be ideal with a fixed number of people per Representative.
Please visit http://www.thirty-thousand.org/ and http://www.publiclaw62-5.org for more information.

Apr. 28 2010 10:24 AM
Steve

Just tell me whether Mr. Tasini is running as a Democrat or an indepenent...that's all I need to know.

Apr. 28 2010 10:23 AM
norman from NYC

Actually the NYT did run a piece about Tasini running for the Senate

http://www.nytimes.com/2010/01/27/nyregion/27tasini.html

Apr. 28 2010 10:23 AM
dsimon from Manhattan

While Tasini criticizes Senator Gillibrand for being awash in Wall Street money, I wonder if he is aware that Gillibrand was one of the first cosponsors of the Fair Elections Now Act which would provide public financing for congressional elections.

I'm pretty sure Gillibrand is on the right side of the campaign funding issue. In the meantime, I think it's a little naive to expect politicians to unilaterally disarm. We have the system we have until we change it, and Gillibrand seems pretty clearly on the side of changing it.

Apr. 28 2010 10:21 AM
stephen from prospect heights

Almost 75 year of corporatism where we have seen large unions' management sell out the interest of labor because they are in-cahoots with management contradicts Tasini's assertion of labor as the small guy. From the Marshall plan forward, labor has consistently supported US foreign policy initiatives that has ultimately hurt labor.

Apr. 28 2010 10:20 AM
Derek from 42nd & Lex

Public funded elections is a joke it will become a total take over of our government by the two party system. Will any 3rd party get this public election money, just look what NJ did to the Libertarian party when they met the donation requirements they got a tiny portion of what the two parties got and a few republicans did not even met this requirement.

Apr. 28 2010 10:20 AM
teresa from manhattan

Please keep Walmart out of our city. NYC is a grouping of small businesses, creative individuals keeping the city unique all trying to make a living. Let us continue ways to creatively keep people employed with existing establishments. Big box stores do not belong in the city.
thank you.

Apr. 28 2010 10:20 AM
Sheldon from Brooklyn

I agree with John's critique of Wall Street but his naivite of the true interests of Labour Unions is rather shocking.

Public Sector Labor Unions look out for working people? really.
Jonathan needs to go have a lay-down.

Apr. 28 2010 10:20 AM
woof from NYC

Goodness, Gillibrand doesn't oppose the bank tax, and as liberal as I am, I don't think it's fair to say the banking industry can't lobby and the labor industry can. It makes no sense whatsoever. Having known people forced into certain unions, the behavior within unions can be just as bad and just as much selling the American ppl for profit.

Apr. 28 2010 10:19 AM

Keith Olbermann on MSNBC did not censor the statements of Senator Levin.

If US media doesn't feel a need to censor Americans blowing people up, I'm not sure why they feel a need to censor a mere word.

As for the caller lambasting labor -- she doesn't know what she's talking about. Labor has been ostracized (including by Obama) for years.

Apr. 28 2010 10:18 AM
Leaning toward the Tea Baggers

So is your guest suggesting that these debates be taken from the floor of Congress to the...what? The streets? The churches? The union halls? Who the F are you to suggest that we "cut down the size of Wall Street" without going through our legal and legislative system? Obama seems to be giving cover for the most insipid sort of revolutionary chatter. Keep those Tea Baggers festering, man.

Apr. 28 2010 10:17 AM
test from crown hts/brklyn

WALMART - NO!
Bad enough we have Ikea - and why is it always Brooklyn. The "cool" factor is really starting to hurt the borough. Everybody wants a piece of Brooklyn - enough!
What happened to Queens/Bronx/Mnhtn?

Apr. 28 2010 10:17 AM

Like any good advocate, he's trying to tilt the field in his favor. Great, good work, but if he thinks anyone would believe he's looking for fair play, please don't be ridiculous.

Apr. 28 2010 10:15 AM
Hugh Sansom from Brooklyn

Bravo! Bravo! Bravo! Jonathan Tasini!

Finally! Somebody who gets the difference between billionaires lobbying for billionaires and labor lobbying for workers!

Finally.

Apr. 28 2010 10:14 AM
Taher from Croton on Hudson

Lets get real banks and the financial industry are only interested in themselves.

Apr. 28 2010 10:14 AM
David from NYC

Brian, Why is your program censoring quotes from our elected officials? Are we really that infantile?

Apr. 28 2010 10:13 AM

please ask if Tasini would vote to end the corn subsidy and other forms of red state welfare?
and should off shore oil drilling be reviewed in light of the recent disaster???

Apr. 28 2010 10:11 AM
John Lobell from New York

It seems to me that focusing on Goldman is (deliberately) missing the point. Once this stuff is created SOMEBODY has to own it – whether one bank is dumb enough to buy it and another is smart enough to sell it.
The problem is that it EXISTS – that one quarter of all the mortgages were given to people who would not be able to pay them.

Why were these mortgages given (Community Reinvestment Act, lack of regulation, failure of ratings agencies????). THIS IS THE STORY.

Apr. 28 2010 10:09 AM
gettingb

What is the point of reflection here? To vent?

Apr. 28 2010 10:08 AM

if goldman was a law firm they would not be allow to represent both parties in a deal.

Apr. 28 2010 10:05 AM

Leave a Comment

Email addresses are required but never displayed.

The Morning Brief

Enter your email address and we’ll send you our top 5 stories every day, plus breaking news and weather.