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Too funny!!!
THE FORBIDDEN "SNL" SKIT
Apparently, SNL did a "Bailout" skit, which has created some incredible problems for NBC. They have pulled the video and apparently gone after anyone who put the video out there, because the video has all but disappeared off the Internet.
It was up on multiple sites and virtually all the copies are gone now.
Now how much power would you have to have to pull something from the entire Internet?
Here is one copy still out there:
http://www.hulu.com/watch/38041/satu...d%20Politics,1
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Apparently that site is gone now too:
The page you were looking for doesn't exist (404 error)Sorry - we couldn't find the page you were looking for. You may have mistyped the address or the page may have moved.
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Wow, someone's really trying to make it disappear!
Here's another link..
http://msunderestimated.com/SNLBailoutSkit.wmv
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Lord knows, I'm all for political satire (and I've always been a huge mark for SNL), but you have to be careful. It's one thing to call out a President or a candidate for President. You can pretty much get away with anything on them. But if you start lobbing grenades at contributors or campaign staffers or even former co-workers or employees of theirs, you have to be careful in what you're doing.
To give you and example, OJ was famous enough that, even with an acquittal, you could go around and call him a murderer, and he wouldn't have any recourse against you. But if you said that Al Cowlings was an accomplice, you might have heard from AC's lawyers.
I'm not saying NBC was necessariy right in pulling it, I'm just saying their legal department obviously felt that they had to pull it, maybe out of an abundance of caution.
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The issue I saw with the video was the "claim" that Wachovia bought all those bundled bad loans while the sellers profited. The problem with Wachovia is that they purchased Golden West, a big mortgage originator in California. I think the skit said something like $19 billion of bad mortgage-backed securities.
I'm sure Wells Fargo, the new owner of Wachovia, really liked that skit, and I'm willing to bet that this is the reason the video was pulled.
I took umbrage with the blurb that Republicans warned of this mess 6 years ago. That would be false. In 2002, George Bush began a program called "America's Homeownership Challenge." He stood with Franklin Raines and personally thanked him for supporting his low income housing program to the tune of $440 billion in extra support. He also enlisted the help of the private sector to the tune of $1.1 trillion.
Under exclusively Republican leadership, subprime absolutely exploded this decade. The GOP was more than willing to let this thing roll at the urging of Wall Street.
In 2002, Republicans controlled everything. At the same time, they relaxed oversight.
In 2005, Republicans warned of the accounting scandal, but did little about it.
<font color="#CC6600" size="1">[ December 02, 2008 11:03 AM: Message edited by: The Big Sexy ]</font>
