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Aug. 3, 2012 - Jimmy Dore Show
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This week, Gorvidal died at the age of 86.
Millions of people all over the world knew Vidal was important, but they weren't sure why.
The problem is he was not just an author, but a playwright, an intellectual, and a liberal.
All things nobody cares about anymore.
Like many people alive today, I've not read any of Vidal's novels, but I did once want to be a novelist.
Then I turned to joke writing because you only have to write 10 or 15 words tops.
Vidal was a throwback to the days when authors went on the Tonight Show of Merv Griffin and talked about politics and ideas.
Yes, that, Merv Griffin.
Now talk shows are just movie stars plugging their movie or their kids or their kids' movie.
In Gorvidal's heyday, some people's opinions mattered a lot more than other people's.
Now everybody's opinion matters about the same amount, no matter how frivolous or insane.
You don't have to be right, but you do have to be retweeted.
True that.
Gorvidal was probably one of the last people on earth who knew President Kennedy.
If you live long enough, eventually the world you once knew vanishes.
And it's hard to be an iconoclast when there are so few icons left.
We're losing all of our mid-century guys.
George Carlin, Kurt Vonnegut, Paul Newman, Rodney Dangerfield, James Brown, and others.
Someday people will brag about that time they had lunch with Daniel Tosh.
On the bright side, we still have George Cloney.
Yay.
It's the Jimmy Dore Show.
The show for...
The kind of people that are...
It's the show that makes Anderson Cooper save.
It's hard to talk to Kevin.
And now, here's a guy who sounds a lot like me.
It's Jimmy Dore.
It's Jimmy Dore.
Hi, welcome to this week's episode of the Jimmy Dore Show.
I'm in a great mood.
Take two.
Across the glass.
We'll do it live.
Yes.
We're loosening it up.
Across the glass from me, hilarious comedian, former writer for the Daily Show.
It's Steve Rosenfield.
Hi, Steve.
How are you?
Hi, Jimmy, again.
Good to see you again.
And next to him, a Japanese American, still Japanese American.
From Team Yasamura, Hilarious Community, Robert Yasamura.
Hi, Robert.
Hello.
You can't see, but Robert is bowing.
Yes, he is.
And he's going to make Steve drink a bowl of ink later.
So across from him, Mr. Roberts.
I don't know what that means.
That's something we do.
Yeah.
Okay, across from them is a host of the Mental Illness Happy Hour podcast.
Chosen one of the top 10 podcasts of the year by the Onion A.V. Club.
It's Paul Gilmartin.
Hi, Paul.
How are you?
And next to him from Mystery Science Theater, 3000 in Cinematic Titanic, now on Woohoo, it's TV's Frank Frank Connoff.
Hi, Frank.
How are you?
Hey, Jimmy, how you doing?
I'm doing good.
Did you know that today is Chick-fil-A Appreciation Day?
Did you know that?
Yeah, and it's also the kickoff to Diarrhea Month.
Yes, and for Chris Christie, today was Chick-fil-A KFC Taco Bell Arby's Wendy's Dairy Queen Duncan Donut Cinnabon Appreciation Day.
He's a large man.
He is a large man.
Bad knows the joke wasn't funny the second time around.
LAUGHTER That's Governor Chris Christie on the line.
Oh, I forgot to mention we have on the line, we have Governor Chris Christie and Mitt Romney will be joining us later on.
How are you?
Oh, my God.
Okay.
Yeah, it's good to be here.
I wasn't blessed, though.
It's my surprise.
Okay, Governor Christie, I appreciate you sitting in.
I have a few more jokes to get through at the top here.
Okay.
So this week, the contraception mandate in the Affordable Care Act goes into effect, which means that women are going to be able to get contraception now.
They won't have to decide whether, you know, should I get food for my kids or contraceptions or medical help.
So that's, you know, so that's part of that plan of how Obamacare is going to kill America.
Representative Mike Kelly, it led him to say this.
Think of something because I know in your mind, you can think of the times that America was attacked.
One is December 7th.
That's Pearl Harbor Day.
The other is September 11th, and that's the day of the terrorists attacked.
I want you to remember August the 1st, 2012, the attack on our religious freedom.
That is a date that will live in infamy along with those other dates.
The question is, if not us, who?
If not now, when?
It is our turn.
There is no option.
That's right.
It's white Christians' turn sometime in America.
You know, I see his point that the contraception mandate in the Affordable Care Act is akin to a surprise attack that killed 2,500 people and launched our nation into the Second World War.
Okay, maybe that's a stretch, but it certainly is spot on when he compares the Affordable Care Act to a terrorist attack that left nearly 3,000 dead and led to the longest war in our nation's history in Afghanistan.
I think it's a right-on comparison.
Okay, not so funny.
I'm just guessing there must be some really uncomfortable rubbers out there.
You know what?
We live in a post-August 1st world.
We really do.
We're all Republican teabagging douchebags now.
Oh, you know what?
I just got a breaking news.
Representative Mike Kelly just got its finger caught in his card door and he compared it to the Holocaust.
Okay, what's coming up on today's show?
Well, we're going to have Mitt Romney's going to answer some questions for us at the top of the show.
And then we're going to talk about Sandy Weil.
If you don't know who Sandy Weil is, he is king of the douchebags.
And he was the one who pioneered repealing Glass Steagle.
He came out in favor of it this week.
That's right.
It's even too cold outside for Mr. Freeze, and we're going to talk about it.
Plus, we're going to talk about they're going to try and cut $500 billion out of the defense budget.
And Senator McCain is here to defend it.
Plus, we're going to talk Tuesdays with Moron and a lot, lot more.
That's this week on the Jimmy Dore Show.
Okay, now we're joined by Governor Mitt Romney.
Governor Romney, how are you?
I'm doing great, Jerry.
It's good to be here.
How are you?
Good, good.
You're just back from your overseas trip.
Yeah, no, it's great to be here, although I do have grave doubts about your competence as a juror.
You see, I see what you do.
Mitt, did you see what you just did?
You're here as a guest on my show, and yet you're crapping all over the host.
You did the same thing in England.
Well, I do that Everywhere I go.
Really?
Well, yes.
For example, when anyone has me over to their house for dinner, the first thing I say is, thanks for inviting me, but I'm worried that the meal that you've prepared is going to suck.
In fact, one time I went over to Famous Amos' house.
You remember him?
Yeah.
He baked me some cookies, and I said, What are these from?
From 7-Eleven or some such place?
And then Trump came over and demanded to see famous Amos' birth certificate.
Governor, why are you always saying the wrong thing at the wrong time that rubs people the wrong way?
Well, basically, because I'm a huge, you're admitting to this.
Well, yes, the fact that I'm a big a-hole is really the only thing that humanizes me.
Governor, I want to talk to you about the speech you gave in Israel.
It was pretty controversial.
What are the things you said that the Israeli culture is what makes them better than well?
Jimmy, please, you know, keep in mind, I have the utmost respect for the nation of Israel, which is why I went out of my way to pander to those adorable Hebs.
Leave me alone.
Mitt, I'm pretty sure you just made another gap.
Oh, I don't make gaffs, my friend.
You don't?
No, they're not gaffs.
You see, releasing clueless, nonsensical words from our mouths is actually the way Mormons fart.
I did.
I did not know that, Governor.
I did not know that.
Yeah, that's true.
It's a religious thing, yes.
Speaking of which, why don't you stop sucking up?
Keep our magic underwear clean.
Listen, Governor, speaking of religion, why don't you stop sucking up to the extreme religious right wing of your party?
Oh, well, Jimmy, I don't suck up to them at all.
I may let them get me drunk on Boone's Farm strawberry wine while I give them handshakes in the back seat of a Chevy, but I do not suck up to them.
Well, I'm glad you cleared that up.
Mitt Romney, thanks for joining us today.
I appreciate it.
Oh, no problem, Jimmy.
Hey, you know what?
You bag full of governor, do you mind hanging around?
I actually do have a few questions about what awkward that I just yelled at at you right now.
I was going to say that to the very end.
I jumped the gun.
I'm sure I'll stick around.
Whatever you want to talk about there, Chief.
Okay, let me see.
I had a couple of.
Does anybody have any questions for the governor about his recent trip?
What did you think of Brian Williams' interviewing style when he interviewed you?
Oh, aside from his unsettling, crooked face and talking to Brian Williams because he really just saw, you know, he's a gentleman.
He knows how to interview an extremely wealthy, powerful man with deference and so on and so forth.
So it was good.
You know, Mitt, I noticed that you did, you were sucking up to the Israelis when you told them that they spend a lot.
Jimmy, I don't think that's a proper way to.
I was in another country, and I was respectful of the people of that country.
That's all that was about.
No, you were saying that.
I don't think talking of is a proper terminology.
You were saying how much less of their GDP that they spend on their health care as opposed to the United States.
And do you aware that they have socialized health care in Israel?
Yes.
Well, yeah, I certainly got an earbanging about that when I got home.
Do you.
You also.
Go ahead.
You compared the economic success of Israel to the economic lack of success of the Palestinians without really taking into account the fact that there's an oppression going on against the Palestinians.
Do you not see that?
Well, I don't know that everyone would look at it that way.
I mean, there's no one, you know, there's no one saying to the Palestinians that you can't start a business or you can't get out and make your own way in life.
It does come down to a different culture.
I mean, it's not like these people have guns pointed at their heads or tanks, you know, stopping them from doing what they want to do.
It comes down to a question of liberty and culture between those two peoples.
Governor, I have a question.
Why did you go to Poland?
And a follow-up question to that.
We didn't hear a lot about what you said in Poland.
What did you say?
It's a fantastic factory for screen doors for submarines.
That is true.
LAUGHTER LAUGHTER LAUGHTER laughter laughter laughter Is it true?
I hear their aeronautical program that they're going to actually fly to the sun, but not get burned because they're going to go at night.
Did you talk to them about that?
I have heard rumors about that.
They asked me to keep quiet about it.
I was laughing about the LI6.
I didn't want to talk about the Polish space program afterward.
Is it true?
Is it true that you saw Gardner break his arm by falling out of a tree, raking leaves?
I'm going to be honest, Paul, I don't know what the hell you're talking.
Okay, well, listen, Governor.
You know what, Jimmy?
I just want to say something to Governor Romney right now.
Sure.
You know what?
Bruce Gardner.
Did I know this?
Hey, Governor Romney, I just want to say that, you know, I'm a Latina, and I noticed that your son Craig is running Spanish-speaking commercials right now for the Latino vote.
And I just wanted to let you know that there's something about a privileged white billionaire son speaking Spanish that gets my vote every time.
Well, that is fantastic news because we were worried about that for that very reason.
But apparently, your people are easily tricked.
We'll be sure to take full advantage of that in November.
Well, go ahead.
I was just going to ask you, how do you respond to people saying that you're stiff and really completely uncultured and kind of clueless?
Well, when people say that, I, well, I respond awkwardly and prove them right by how I talk.
Did your wife, did your wife mind that you pandered to the masses by blowing off her dressage competition?
Yeah, what's with that, Governor?
Why won't you, you won't, you're so empty inside that you won't even go see your wife compete in the Olympics?
Well, you know, it's one of those things where I show up and the horse gets nervous, and you know, you know, so I wouldn't want to compromise everything that my wife, my lovely wife, has worked so hard.
Her endeavors in teaching horses to dance compromise or jeopardize that in any way.
Okay, well, listen, Governor, I hope you can stick around for a few minutes because we're going to talk about some banking stuff.
And I know you're a big venture capitalist.
What do they call equity?
What do they call it now?
Equity?
He's an equity.
You're an equity guy.
I sort of like don't.
I don't like market raper.
Right?
Because they used to call it venture capitalists.
And then that got a, somehow that got a bad, what is it, wasn't it?
And then they switched private equity.
Now it's called private equity, right?
Because we pronounce a job creator.
There's venture capitalists and Beach Boys capitalists, right?
Okay, so we're going to...
That's a walk, don't run joke there somewhere.
Yeah.
Now, in case of you listening, if you've never heard of Sandy Weil, he's the former chairman and CEO of Citigroup.
And he was on the squawk box recently on CNBC.
I assume he went on there to explain how his plan for world domination was going swimmingly until James Bond ruined everything, blew up his secret lair and stole his wife.
You know, he was once viewed as a brilliant deal maker.
Some critics now cast him as an architect of a shoddily constructed, unmanageable financial supermarket whose troubles have sideswiped investors, employees, and average citizens nationwide.
I give you Sandy Weil, and here's what he had to say when he went on Squawkbox.
So I think what we should probably do is go and split up investment banking from banking.
Have banks be deposit takers, have banks make commercial loans and real estate loans, have banks do something that's not going to risk the taxpayer dollars, that's not going to be too big to fail.
If they want to hedge what they're doing in their investments, let them do it in a way where it can be marked to market so that they're never going to be hit.
And let's have a creative investment banking system like we've always had, where the financial industry can again attract the best and the brightest young people like they do in Silicon Valley, like they're doing in engineering.
So I got to say, Jimmy, where do you find these whack jobs?
Oh, good grace.
Well, listen, Governor, it sounds like it took Sandy Weil a long time to grow a conscience.
And I think the technical term for what he's doing is called douchebags remorse.
So let me, can I just say when a guy who got Glass-Steagall repealed in the first place tells you that it needs to come back, I'm pretty sure, Governor, it's time for it to come back.
The same way you know you might have brain damage if Sarah Palin corrects your grammar.
I mean, let me just say this to Sandy Wild.
I mean, this happens.
People who support Glass-Steagall should not throw stones.
Oh.
We can edit that, right?
Thank you, Governor.
Yes.
You're telling me a system where consumer banks, And it's glad to see that it only took the former chairman of Citicorp five years to get as smart as me.
An idiot comedian.
I was just going to say, but the investment firms are so big that they're still too big to fail, even if you separate them from the banks.
But as long as they're not using government-backed money, if they want to risk their own money, that's fine.
But his point is well taken, which is all of our money are in 401ks and mutual funds.
Everybody has money in the investment banks indirectly.
So their failure would wipe out huge amounts of retirement funds and then trigger a big sell-off in the markets, which would trigger a depression.
So the government's still going to step in when these investment banks get so big.
So I still think you need more oversight.
Has anybody create a law to fix this problem that rhymes with ass eagle?
Something like that.
Has anybody found out what Mr. Drysdale thinks of all this?
From the Beverly Hillbillies.
He was the banker.
Oh, oh, okay.
Okay.
Okay.
Well, this was a big deal.
This joke fell into the cement pump.
But you know what?
That was the swimming pool in the Beverly Hill banks.
By the way, his point, though, is well taken to say, you see, bankers were really conservative.
Yeah, and they didn't screw around with money.
I'm sorry, Robert, when was that?
Before the repeal of Glass-Steagall.
And by the way.
And after the Depression.
And let me clarify one thing.
Glass-Steagall was killed by a thousand cuts.
Its first cut comes in 1980, which leads directly to the SNL crisis, which is billions of dollars that the government again paid out to banks to bail them out.
And then...
I think the SNL crisis ended when they got Christian Way.
Oh.
Can't you ever be serious?
Oh, I got it.
The SNL crisis.
Okay, she's a girl on.
Okay.
Okay.
And let me just say that that was a big deal that he said that.
Sandy Weil said that.
Because he was an architect of removing Glass-Steagall.
He was one of the major driving forces who lobbied the Clinton administration into completely eliminating Glass-Steagall.
And it marked the first time in American history that a Wall Street banker told the truth.
So that was a big deal.
And what year in the Clinton administration was it repealed?
99.
Well, it's really great when I think back on that era how when you turn on the cable news or the newspaper, all they were talking about was how Glass-Steagall was being repealed.
Nobody talked about Gladys.
But about what an awful thing it was.
It was jammed through in the door.
I mean, nobody knew.
Well, because everyone was talking about Monica Lewinsky.
Yes.
And how much money they were making with their technology stocks.
Yeah, and if you look back, if you watch any show from that era as Glass-Steagall was being repealed, I'm sure most of the show is about Monica Lewinsky.
Governor, they actually asked Timothy Geithner what his response to this was.
A guy got a camera and a microphone in front of his face, and I'm going to play it for you right now.
He's getting out of a car, Timothy Geithner, who's the Secretary of the Treasury.
He's getting out of a car and he's walking into a meeting somewhere and a reporter catches him.
And here we go.
Here we go.
Secretary Geithner.
Sandy Wilde just said on CNBC that he thinks the big banks should be broken up.
Any reaction?
He's one of the architects of the supermarket concept.
Can you change the debate at all, sir?
Okay, there you go.
That's what he had to say.
Nothing.
He said nothing.
Wow.
Hey, Secretary of the Treasury, the biggest banker in the history of the world, just said we should reinstitute Glassdeagle.
You have any comment?
Nothing.
You have any comment for the people that you work for?
Yes.
Exactly.
Exactly.
Right.
The people of America.
Do you have a comment on this?
They'd like to hear which you as their employee have to say.
So what is it?
Why would Sandy Weil come out and say this now?
Why would he admit that what he did screwed everything up?
He wants to die with a clear conscience.
I think three ghosts might have visited him Christmas Eve.
Do you think that?
Because he is 79 years old.
I think it could be the first.
Well, here's what here's the reason.
He kind of let on.
Here's the real reason.
There is such a feeling among people, among Regulators among the political system all over the world against the banking system.
And I don't think that's going to change so soon.
Basically, nobody would stand up, take our shit anymore.
And so, guess what?
I guess we'll stop doing this.
I already got my billions.
It was a great run.
Yeah.
So he's basically saying, like, people don't like us anymore.
We need to stop being so unlikable.
It's like the last looter coming out of the store with a TV going, looting's wrong.
We should really, this is hurting people.
Well, it's like the guy who just got done selling everything that he sold, that he looted, coming back to the empty store going, this is bad.
This isn't right.
Because that's exactly, yeah, you think people wouldn't take his stuff anymore.
Then they stole trillions of dollars and people aren't ever getting it back.
He's 79.
Sure, reinstated.
I don't care.
And you know what?
The intelligence behind him coming to this conclusion now.
I would think he would have come to that conclusion a long time ago.
And it would have done some good if he had come to this, if he had said this while it was all happening, you know, or before it was all happening.
To say it now, after the same way all the Iraq war people say after the Chris Matthews.
Yeah, and Colin Powell, that, you know, it was a big mistake.
It doesn't do, it doesn't do anybody any good, really, when they say that.
Don't you think part of the problem is that we deify people that amass huge amounts of wealth and never really put it in the context of.
It's not a problem at all, I think.
We never put it in the context of the toll that it may have taken on other people, the toll that it may take on their family.
Are you saying that America is a superficial culture that worships wealth no matter how you get it?
That's been that way all.
I mean, we worship gangsters in America.
I mean, we've always have.
So it's wealth that we worship in America, and that's the American culture.
It's get money no matter how.
And if you don't have it, it's because you're a bad person.
Poverty has been demonized in America.
Mitt, would you agree with that?
I don't think it means if you're not wealthy, you're a bad person.
I think it just means that you're a loser.
There's a big difference.
Can I just deconstruct one thing that this guy is saying?
He's saying, I'm a banker.
Bankers are assoles.
We need laws so that we can't be ass.
We can't just do it on our own.
We can't stop being greedy bastards.
We need laws to stop us.
Well, you know, basically, you know what?
It's funny you say that, Robert, because they ask him about the culture of Wall Street.
And here's what he has to say.
They ask him this exact question.
I wanted to talk to you about the culture of Wall Street today.
And there's a great sense in the public psyche of distrust about Wall Street, whether it be the Facebook IPO not working, whether it be the LIBOR scandal, whether it be questions about this trading loss at JPMorgan.
What do you think about the culture of Wall Street today?
I think that 99% of people on Wall Street are very honest.
They're ethical.
They care.
They care about the country they care about, their shareholders.
They care about what people make.
Their future is really connected.
I mean, the financial industry is connected to the country, to the economy of the world.
And, you know, we always have bad apples in any kind of a business.
Yeah, you have a few bad apples in any kind of business.
And on Wall Street, we call them chief executive officers.
I'm glad he supports the 99%.
Yeah, isn't it something he's really sticking up for the regular guy?
You know, for a guy Sandy's age, he really can swing a shovel.
Let me just say that.
They're really such good people that they feel really bad about all the money they stole from people, though they are glad that they're never going to be punished for it.
It worked out then.
Yeah, it really worked out for these guys.
He didn't ask them.
And also, you know, Wall Street, there is all this wealth that's just there, and they're not investing it because how does that make them good people when they could be a corporation with a gigantic amount of cash, which a lot of these people have or assets, however you say it.
They're sitting on them.
They're just sitting on them.
They're not investing them.
And it would be a patriotic thing for them to do to invest it.
Hey, it's the uncertainty.
It's the uncertainty.
But yeah, the uncertainty, but they have all this money, though.
I know.
The problem here with this question and this answer from Sandy Weil is he didn't ask Sandy Weil about the people on Wall Street.
Most German soldiers were honest, hardworking people.
What he was asking was about was the culture that allows honest, well-intentioned people to do horribly evil and destructive things, like bundle no-dock mortgages they know are worthless, slap a triple-A rating on it, and sell those toxic, worthless bonds to unsuspecting customers like teachers' pensions funds, all the while taking a boatload of cash as commission.
That's the question he was asking you about is that culture that allows good people to do horrible evil things.
It's a matter of course.
Their business was built on fraud.
They would lose their job if they didn't do that.
Yeah, he has to face those people on the weekend, Jimmy.
So he's never going to say that.
No, you're right.
You're right.
He's never going to say that.
He's always got to say it's a few bad apples.
He can't say where there's an illness in the banking system and it's worldwide and we've all got it.
We've all got an illness and we can't help but be destructive to the economies that we participate in.
They're not creating wealth.
They're transferring wealth.
And that's a big difference.
I love how he goes, the financial industry is connected to the economy of the world.
Evidently, this guy isn't connected to the reality of the world.
Let's just take one example.
The corporate officers at USB have made roughly $34 billion in the last five years while losing $44 billion.
The whole of the credit default crisis comes from betting against the well-being of the world markets.
If anything, the people in the financial industry are connected to the world economy in an inverse proportional way.
They're not really connected to the real economy.
Jamie Dimon, they just lost $9 billion and he got a bonus.
Nobody's not connected to the business.
Let's emphasize, though, that you said they made $34 billion over a five-year period.
So it's not like they just had $34 billion.
It came gradually.
That would be like KPFK paying you $0 over five years.
I like how he makes it sound like it was just a few rogue traders or two, which is total BS.
But even if it wasn't, what the hell is wrong with your business that something like this can even happen if it was a few bad apples?
A few bad apples can crash the world economy and bring Citicorp down to $1 trading a share?
Hey, I used to work at Starbucks.
The most I could have cost my company was $15 in pastries.
That's a system you can trust.
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It's a great way to help support.
Okay, now let's get back to the second half.
Hi, welcome back to the Jimmy Door show.
I am joined in studio by former comedian and former comedy.
Ouch.
Hi, welcome back to the passive aggressive hour.
You like Romney?
Hi, welcome back to the Passive Aggressive Hour.
My guests are doing good, I guess.
If you like that kind of thing, I've joined.
Some people like them.
That's the voice of the host of the Mental Illness Happy Hour podcast, chosen one of the top 10 of the year by the Onions AV Club.
It's Paul Gilmartin across from him from Team Yasamura.
It's Robert Yasamura next to him, former writer for the Daily Show, hilarious comedian Steve Rosenfield.
And it's TV's Frank from Mystery Science Theater 3000.
It's Frank Condiff next to me, host of Comedy and Everything Else, our resident Latina, Steph Samorano.
Right now, we're talking today, we're talking about Sandy Weil, who was the former chairman and CEO of Citigroup.
He was instrumental in shattering the Glassdeagle.
What's Glasteagle, Jimmy?
It's all those regulations that helped that made the banks not crash.
That's what happened.
Saying as soon as they got rid of it, seven years later, all the banks crashed.
So he got rid of that, created the biggest bank in the world, Citigroup.
And so he was on Squawkbox.
Now he says all that stuff was a mistake and they should reinstitute Glasteagle and put all those regulations back in there.
And then they ask him about his compensation.
They asked Sandy Weil about compensation on Wall Street.
Because let me just give you a couple of, let me give you a couple of statistics, all right?
The average salary of a Wall Street worker in 2010 was the average salary of a Wall Street worker, the average salary, salary of a Wall Street worker.
Anybody want to take a guess, Paul?
I'm going to guess $160,000.
Good guess.
The average salary of a Wall Street worker in 2010 was $361,000.
Dear Little Money.
That's the average pay for an average Wall Street worker.
But you got to steal a lot of money.
You really got to steal a lot to make that kind of money.
That's $5.50.
What'd you say, Governor?
I said, how do they live on that?
I mean, you spend more money.
I don't do well with that joke.
You can punch it up in post.
He's mad.
That's five and a half.
Did you know the average Wall Street worker makes five and a half times the average salary in the rest of the private sector in the city?
So in Manhattan, which is a very expensive salary.
Very expensive.
People make a lot of money.
$66,000 is the average pay of a worker in Manhattan in the private sector.
$66,000.
So by contrast, 30 years ago, such salaries were only twice as high as the rest of the private.
So bankers 30 years ago made twice as much.
Now they're making five times as much.
They must be better people.
And by the way, that's what drove up a lot of the cost of living in Manhattan.
They're making people like this.
People like this.
Exactly like bandits.
How much do you think Sandy Wilde's apartment costs?
Paul, take a guess.
I'm going to guess $12 million.
I'm going to guess $12 million.
$12 million.
Frank, you have a guess?
$20 million.
Now, you, because he lived in Manhattan, so he knows.
So I know that it is.
Why does he rent?
I don't understand.
So Frank says $20 million.
Steph?
I'm going to go with $10 million.
His apartment costs $42 million.
Oh, my God.
His Manhattan.
Yeah, but there's a doorman who gets dental.
Okay, so here's what they ask him about compensation on Wall Street.
Here's what he says.
Sandy Weil, Mr. Truth Teller.
Compensation?
What do I think about compensation?
What do you think about compensation?
I think compensation is important.
Too much, too little?
Where are we right now?
I think right now there's everybody shooting at compensation.
I'm glad I'm not working.
He's honest.
That's all he said.
Yeah, he's not going to say a lie.
I'm glad I'm not working.
He's upset that people are taking, they're saying that Wall Street people are making too much.
I got in and I got out before the shot started getting fired.
He got in.
And let me just say, this is a gene.
So Sandy Weil is worth $1.5 billion.
Oh, my God.
Well, he's not really worth that.
That's how much he has.
That's how much he has.
He's worth a plug nickel in terms of human worth.
That's his net worth.
His net worth is $1.5 billion.
And let me just say, so Citigroup, which was the big bank that he created, he actually created that bank.
It was Citi Bank before it was Citigroup.
He took travel.
It was much better when it was Citibank.
Yes.
I don't know.
I have no opinion.
So it went from, let me just say, it went from...
He didn't think to correct the spelling of Citi.
Well observed, Governor.
He went from...
It would be a good opportunity.
That's what Citigroup was trading at, $55 a share in 2007.
He went to $1 a share last spring, and it currently trades $3 a share, right around $3 a share for a Citigroup share.
And so I say, hey, let's give this guy a microphone and listen to what he has to say, because obviously he's a genius.
He's a genius at ruining banks.
He took, and he's got it.
And you know what he gets for that from taking Citigroup from $55 a share to $3 a share?
He gets a $42 million Manhattan apartment.
You know, think of banks as a liberal.
I'm sorry.
Choose a side here.
Do you want to break up the big banks or not?
It seems to me that's a great way of breaking up a big bank, is making it $1 a share.
Think of banks as a liquor store, bankers as customers, alcoholic customers, and Glass Steagle as a cashier.
Yeah, and now there's no cashier.
Right.
That's a good analogy, Paul.
And on the phone, I forgot to tell anybody.
We have Mitt Romney with us.
Governor, how are you?
I'm doing great, fellas.
How's your class warfare fan?
How's it on your public radio station?
So, Governor, right now, they asked Sandy Weil about the LIBOR scandal.
Are you familiar with the LIBOR scandal?
What they call LIBRE?
Let's just say yes.
I'm sure Mitt Romney is very familiar.
Whether or not I can speak intelligently about it right now.
That's a whole different issue.
Was that the computer war tennis shoes, LIBOR?
All right, and a reference even more obscure than what I'd say.
You want to tell them what that meant?
That's the computer in the Kurt Russell Disney movie, right?
It was called Tobor, which is backwards for robot, right?
Oh, wasn't it from that movie or was it from a different movie?
No, no, no, I think you're right.
Okay, so something right.
So it stands for Library Governor, stands for the London Interbank Offered Rate.
So now it's the interest rate at which banks can, it's the rate that banks are charged when they borrow funds from other banks.
And LIBOR is fixed.
It's fixed on a daily basis.
And everyone trusted that number.
So it turns out that they were manipulating that, that the banks were lowering the interest rate that they would charge other banks because they didn't want to reveal that they were actually less solvent than they actually were.
So it was all built on fraud, right?
So that's a big deal.
That's kind of a, it's, in fact, it's, it's been called the biggest banking scandal ever.
And by the way, maybe, I don't know if you know, but the biggest financial scandal in history has gotten all of zero minutes airtime on ABC and NBC nightly news broadcasts.
Yes.
Wow.
And only a little more time than that on the CBS and major news cable channels, according to a report by the progressive media watchdog, Media Matters.
Zero minutes about the LIBOR scandal, the biggest banking scandal in the history of the world.
Zero minutes on NBC, which I don't know if you know, owned by a bank and ABC.
Okay, so if LIBOR was a Venezuelan singer with a big ass, then they might cover it.
I hope that people appreciate that we're going in depth with Sandy Wilde today.
We're not switching topics.
We even do an oh my god, because I think this is important.
This is an extended oh my God segment.
Yeah, this really is.
When he said that 99% of the people on Wall Street are good people, I expected Paul you to scream, oh my God.
I thought that was going to happen.
Jimmy, I'm done.
I'm empty.
Okay.
I have no more rage.
Okay, after Spound, I'm going to read this is from the Huffington Post.
After spending roughly six and a half minutes combined covering the scandal on their evening nudecasts and opinion programming between June 27th and July 12th, MSNBC, CNN, and Fox News devoted less than 32 minutes of stories related to the controversy from July 13th to July 28th, with more than two-thirds of that coverage coming from CNN.
So nobody's covering this.
Well, you know what, though, in their defense, you know, an episode of How I Met Your Mother is 22 minutes.
This was 32 minutes.
So they, you know.
So just to recap, the major.
I didn't follow that, but don't worry about it.
The major TV outlet covering LIBOR the most, the one, the only TV outlet that's covering it the most, is the news station that nobody watches, which is CNN.
Well, our first clue should have been that LIBOR uses the Mayan calendar.
Okay.
It has the LIE in it.
So maybe that should have been a clue, right?
Yeah, so they asked Sandy Weil about the LIBOR scandal, and here's what he has to say.
The banks could actually be rigging this incredibly important.
I was very surprised.
He was very surprised.
I was very surprised that people actually found out about this.
Yes.
That's what he's surprised about, right?
Yeah.
Who told?
I don't think we know all the facts yet.
We don't know all the facts.
That's one of my favorite.
Let's let the fact.
We got the facts.
We got the facts.
You guys rigged the system.
Who did what?
And what kind of collusion, if any, there was.
If any.
He couldn't have added if any fast enough, could he?
We don't know.
We don't know yet.
But we know Barclays was putting in wrong bids and fake bids.
I mean, they've admitted to that.
It's just the idea that something that trillions of dollars and investments are based on.
The other thing we need to get rid of is these punishments that don't damage them.
Right.
Like when they get, so for the robo signing, all the banks had to pay $25 billion fine, which they got for interest-free from the Fed.
Okay, that's not a fine.
That doesn't do anything.
Okay.
So I want you to watch.
I noticed this.
So this woman on the CNBC, she's actually asking him questions, which this never happens on television.
Even on CNBC, this never happens.
She's asking Sandy Weil about this LIBOR scandal, and he's like, well, we got to wait for the facts to come in.
She goes, no, no, no, no, the facts are kind of in.
And Barclays has admitted to rigging it.
And then watch how he won't say the words.
He won't say anything negative about banks or the people in.
He's got to see these people.
Watch the words he uses here.
Watch, watch.
Okay, so we'll back it up just a little bit.
Let me back it up just a little bit.
Here we go.
It's just the idea that something that trillions of dollars and investments are based on.
Very, very unfortunate.
Very unfortunate.
It's unfortunate that these guys were rigging the system and everyone knows it.
That's like calling the Hindenburg breezy.
Whatever happened, happened.
Whatever happened, happened.
You know, he's right about that.
Something that happens happens.
I can't argue with that.
That's what I'm saying.
He keeps saying things like that.
Whatever happened.
Okay.
And I think it's just another bad mark that's going to re-energize people to hate banks and not trust banks.
SOU.
That's the problem, is that it's another thing that's going to cause people to dislike bankers.
That's the problem.
It isn't that they wiped out massive amounts of wealth.
It isn't that they created a huge criminal conspiracy at the highest level.
And it isn't that the then head of the New York Fed, Timothy Geithner, who is now the Secretary of the Treasury, knew what was going on the whole goddamn time.
And doesn't have a word to say about it.
And you know what?
I'm mad as hell, and I'm not going to drink it anymore.
Paul, I'm back.
I say let's not rush to judgment.
In fact, let's move quickly in the opposite direction.
I think that's what Sandy Weil is saying.
You call it rigging the system.
Sandy calls it his life's work.
Okay?
That's what I do.
Also, you know, his point in that last answer that you played is that people are going to feel negatively about banks.
Like, that's the worst consequence of it.
Not the suffering that people have gone through as a result of their dishonesty, just that, oh, now people are going to think badly of us.
Yeah, I think it's going to make people hate banks and not trust banks.
It's just a shame that people had to find out about this.
I can't imagine how angry I would be if I now couldn't retire.
Oh, wait, I can't.
After listening to Mr. Weil, those clips you were playing, it's just very exciting to know who will be playing the character of Meyer Wolfsheim in the upcoming Great Cat.
The Jimmy Dora show is available as a podcast for free on iTunes.
Or for other ways to subscribe, go to jimmydoorcomedy.com.
And while you're there, you can listen to past episodes and you can comment on them too.
Remember, Jimmy spells his last name, D-O-R-E, jimmydorecomedy.com.
D-O-R-E
And now it's time for another episode of Tuesdays with Moron.
He's moron because he likes to vote against his own interests, easily manipulated by the powerful and always respects his leaders unless they happen to be a Democrat or a black.
Now, let's hear from Moron.
Hey, it's Jimmy.
Who's this?
Hey, Jimmy, how you doing?
It's Moron.
Hey, Moron, how are you doing, buddy?
What's up?
I haven't heard from you in a while.
Yeah, it's been quite a hot summer.
You know, no rain, no nothing.
Yeah, they say global warming.
It's been so goddamn hot, Jim.
We had we spent all our money on the water bill, and so Therese made me cut back on the cell phone usage.
And so anyway, it's bad out there in America, and that's why I'm voting for Romney.
Get a businessman, put this country back on its feet, help out people like me and Terese.
Yeah, I don't think Romney's gonna help out people like you and Terese.
No, Jim, you get a businessman.
That's what you need.
Guy run the country like a business, and then everybody has a job.
That's how it works, right?
Businessmen make jobs, and community organizers where they make nothing.
Okay, one vote for Romney.
But anyway, I want to talk about this Chick-fil-A thing that's happening.
What do you want to talk about?
The Chick-fil-A.
Chick-fil-A?
Chick-fil-A.
Chick-fil-A.
You mean you mean to say Chick-fil-A?
You're mispronouncing it.
Why would they spell it like that?
It's spelled that way, Jim.
Yeah, I know it's spelled Chick-fil-A, but it's pronounced Chick-fil-A.
And the reason they spelled it that way is because the guy who owns the place thinks you're a moron who couldn't pronounce filet.
Jim, I might be a moron, but I can read the word fillet.
I don't need them to spell it out.
Phil-a.
I'm with you on this.
I eat steaks.
I don't go to a steakhouse and go, oh, I'll have the fill-a-minion.
I know it's insulting.
I'm with you, Moron.
I feel your pain.
So, anyway, so what do you want to talk about, Moron?
Listen, I don't get why you lefty liberal a-holes have a problem with this guy's from Chick-fil-A's free speech.
Moran, nobody has a problem with his free speech.
We have a problem with the content of his free speech, and we're using our free speech to combat it.
Ha!
What do you mean, ha?
He has a right to his beliefs, Jim.
Are you anti-religion?
Sounds like you're anti-religion, Jim.
Moran, I'm not being anti-religion.
I'm just stating a case.
Yeah, well, it sounds like you're anti-religion.
I'm not anti-religion.
It sounds like it, Jim.
Anti-religion.
How is it anti-religion, Moron?
Well, first of all, Jim, it's the guy's religion.
It's his beliefs, right?
He has a right to his beliefs.
And if you would discriminate against someone, can't you, aren't you supposed to respect the beliefs?
Yeah, but I don't respect those beliefs.
That's what I'm saying, Jim.
You're just as bad as a bigot.
You have to respect everyone's beliefs.
No, no, no, no, I don't.
That's what I'm saying.
See, you're a bigot.
Just as bad.
That is Moron.
How do you, first of all, just because you call it your belief doesn't make it okay.
If it's, you know, if it's your belief to be to deny gay people their civil rights, then that's not a that's not an okay reason to have that belief.
That's not the sounds like you're anti-religion, Jim.
Moran, I'm not going to have this conversation with you that's not the same thing.
Being a bigot and being against someone who is a bigot because they're bigoted are two totally different things.
Yeah, but it's it's it's because of God that God tells them not to give gay rights.
So if you're against that, then you're against God.
Yeah.
Yeah, I know that they say God tells them to be against gays, but that's not true.
Jim, everybody knows God hates the gays.
Moron, what are you talking about?
It's all over the Bible, Jim.
Come on.
What's all those?
Right?
It's right there in the Bible.
It says so.
That's not.
First of all, that's not how that goes.
Huh?
Moron, what if people's religion told them to make blacks sit in the back of the bus?
That would be their belief.
That's ridiculous, Jim.
Why is that?
How could the Bible say anything about that?
There weren't even buses back then, and America wasn't even invented by Jesus yet.
So that's a bad analogy.
Moron.
Hey, why don't we go out somewhere?
You're going to take me out anywhere.
Terese, I'm going to take you dolphin later today.
I don't want to get signed on my face.
No, look, I got you something.
I got.
I got you a visor.
A visor.
It's called the flare hair visor.
It gives you that spiky flare hair in the front that's going to have heads turning no matter where you go.
Oh, I love it.
Okay.
Okay, Moron, good talking.
Okay, buddy.
I think so.
Okay.
Oh, my God.
It's hot.
It's hot.
Okay, and that is another installment of Tuesdays with Moron.
A lot of people have been requesting Moron.
Where has he been?
What's he been doing?
He's busy.
You know, he's working two jobs now, the economy, and he doesn't have a lot of time to call in.
Plus, he had to cut back on his cell phone.
You heard him.
They're spending all their money on their water bill.
I don't know why they're watering their grass in a drought, but they are.
So that's Tuesdays with Moron.
I hope you enjoyed it.
Right now, I don't know if everybody knows what's happening in Anaheim, California.
the police shot an unarmed Hispanic guy in the back as he was running away, which is a no-no, not supposed to do that.
And so when the surrounding community, the people who live there, saw what happened, they all came out and they were like, hey, why are you shooting people in our community in the back in our front lawn, on our front lawn is where it happened.
And so then the police started shooting rubber bullets at the crowd and released a attack dog on them.
Now, the crowd was made up of women and children, infants, infants.
So that they were, the cops were out of control.
And of course, you know, I feel like this is their, you know, the police feel like they can do this because we watch on television as police in New York City pepper spray pregnant women with impunity and all they lose is a day off of work.
So, and then the other cops, because people say, well, that's just a few cops who ruin it for the good ones.
Well, how come none of the good ones ever stand up and say anything?
Are all the good ones, were all the good ones on vacation during Occupy New York?
Because they were all pretty brutal, horrible, and they kind of protected the people who were brutalizing citizens exercising their freedom of speech.
Well, in Anaheim, same thing, right?
So the cops are out of control.
They're shooting women and children with rubber bullets, setting their attack dogs on infants, mothers holding infants.
This has all really happened.
This has happened.
If you want to see a video of it, it's at the website, jimmydoorcomedy.com.
Plus, it's up on my Facebook page.
And right now, well, I just wanted you to have that backstory.
And right now, we're going to have a commentary from the host of Comedy and Everything Else, which is a great podcast that interviews all the comedians of the day about all things that are happening.
And Seth Samorano is here, and here's her commentary.
I know everyone who's anyone is talking about the Olympics or Romney's interesting and oh-so-entertaining gaffes.
Will Willard's Whirlwind World Tour hurt him?
I hope not.
Oh, and what about Chick-fil-A Appreciation Day?
It's so nice that a business that runs on biblical principles can turn a sweet profit, even after Chick-fil-A president Dan Cathy, the good Christian he is, espouses anti-rhetoric, anti-gay rhetoric in the name of the good Lord Jesus Christ.
Great business model for this century.
Important footnote: Chick-fil-A is known for its charitable work, donating 2 million bucks to anti-gay groups in 2010.
See, they're nice.
Oh, and there's that unfortunate matter regarding vampires.
You know, all of Hollywood is a buzz about Kristen Stewart's affair with film director Robert Patterson and how Charlize Theron is furious over Stewart's affair.
I love gossip because it takes my little mind off of real stuff.
However, today, as a good American of Mexican descent, I feel compelled to talk about what happened in Anaheim last week.
Did you hear about it?
The police were ridding the neighborhood of a no-good gang member who may have just stolen a vehicle from the Inland Empire and his life of crime had to be stopped.
So, as he ran away from the police, they shot him dead.
Sure, he was unarmed, but he had a record.
Case closed.
It's quite a relief that the justice system has been served in such an efficient manner.
No need for judges and juries or prisons.
The police, i.e., peacekeepers, were just doing their job in their riot gear.
And yes, whenever attempting to control a growing mob of brown people, be sure to bring lots of pepper spray, rubber bullets, and out-of-control police doggies.
That ought to remedy that situation.
Now, can you imagine if the same thing happened on the streets of Disneyland?
Goofy is running down the street and shot dead.
I don't think America would stand for it.
Or would we?
Thank you, Steph.
Okay, our special thanks to Steph Zamarano from the great podcast, Comedy and Everything Else, that I also co-host.
And if you like to hear comedians talk about comedy and everything else, you just listen to comedy and everything else.
We've got all the great comedians on the show.
Janine Garofilo, we've had Paul F. Tompkins, Patton Oswald, Jim Gaffigan, Maria Bamford, huh?
Doug Benson.
We've had them all on the show.
So if you like to hear comedians talk about comedy and everything else, it's comedy and everything else hosted by Steph Zamarana, a resident Latina, and Jimmy Dore.
Did I say Zamarana?
I meant to say Zamarano.
Okay, there you go.
And I want to thank everybody for listening today's show.
You know, if you missed any part of the Jimmy Door show, it's always available as a podcast for free at iTunes.
Or you can go to my website, jimmydoorcomedy.com, and you can listen to the show there for free.
You can download it for free.
Plus, you can comment on back episodes.
And we love your comments.
We'd love to hear what you're thinking.
And especially the war criminal David Frum.
He leaves a lot of nice messages for us over there.
Okay, there's lots more to do over there, too.
There's lots of videos of our new show up on the Young Turks Network.
If you'd like to see us on video, it's the Jimmy Door Show on video on the Young Turks Network.
And lots of those videos and links are all over at JimmyDoorComedy.com.
You spell my last name, D-O-R-E.
And today's show was written.
That's right, it was written by Robert Yasamura, Steve Rosenfield, Frank Conniff, Mike McRae, and Steph Zamorano.
That's right.
Today's show was produced by me.
That's a who cares.
And I want to take time out to thank the two gentlemen who donate their time and talent to this show, Sean James at MacHelp at SeanJames.com.
If you have a problem with your Macintosh and you don't have time to get to the genius bar or don't want to go, he can fix it for you right over the internet.
He's amazing.
He saves my ass on a weekly basis.
That's Sean James.
And how do you reach him?
You email him at MacHelp, M-A-C-Help, MacHelp at SeanJames.com.
You spell it S-H-A-U-N.
Okay.
Also, Frank Pulaski from Dreamtime Films take some of the bits we do on the show.
He puts video to them in a great, hilarious way.
He picks the perfect clips.
And you'll see those clips over at jimmydoorcomedy.com and over at my Facebook page.
I want to say big thanks to Frank Pulaski from Dreamtime Films.
And that's it for today.
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