Timothy Sumer

Less bank rules mean more bank crashes. Cenk Uygur, host of The Young Turks, breaks it down. To get even more TYT in your life, go to and download our free app! Read more here: "Alexandria Ocasio-Cortez is the first Democrat in years to challenge Crowley’s reign over New York’s 14th Congressional District, which includes parts of Queens and the Bronx. A 28-year-old community organizer, her drive to enter public office was shaped by a series of events that began to unfold at the height of the 2008 recession, she told The Intercept in an interview at a diner in Queens. That fall, she was a 19-year-old undergrad at Boston University. She remembers getting an emergency call from her mother while sitting in an economics class. She hopped in a taxi, took the next flight home, and went straight to the hospital to see her father. He died on September 9, and she felt she could only take a week off of school. “I come from a working-class background, so you don’t really get a t

When congress voted for the bank bailouts, were they going to personally benefit from it? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. "Do the personal assets of congressional lawmakers affect the way they vote on federal legislation? New data says yes -- at least when it comes to their votes to bail out Wall Street with hundreds of billions of taxpayer dollars. Amid the 2008 financial crisis, congressional lawmakers passed a bill providing $700 billion of direct support to major banks. In a new study, researchers from the London Business School and Tillburg University cross-referenced lawmakers’ vote for that controversial legislation with those lawmakers’ financial holdings. Their conclusion: members of the U.S. House of Representatives with a personal stake in bank stocks were far more likely to support the legislation than those who were not invested in those institutions." Read more here: Hosts: