‘Remember Who Magically Appears to Save Your Sorry Ass’: Cavuto Rips EC President for Saying U.S. Banks Created Europe’s Mess
- Posted on June 19, 2012 at 8:01pm by
Christopher Santarelli
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Fox News Channel’s Neil Cavuto closed his 4.pm. show Tuesday with possibly the most epic cable news rant of the year, torching European Commission President Jose Manuel Barroso for daring to blame the European economic crisis on North America.
“For god’s sake wake up and sniff your obviously spiked cappuccino,” Cavuto exclaimed while commenting in frustration on Barroso’s remarks during the G20 summit in Mexico Tuesday. “U.S. banks did not create your mess, you did. U.S. banks did not grant cradle-to-the-grave government protections that were unsustainable decades ago let alone today, you did. U.S. banks did not make austerity a foreign concept in Europe, you did. And U.S. banks didn’t force public workers to retire at age 52 or refuse to ask them to contribute so much as a single euro to their healthcare benefits, or their prescription drug benefits, or their ridiculously–unaffordable spousal and kid benefits, you did.
“You created the safety net and now you’re throwing us under the net? I don’t think so Peppe. We are many things in this country, but even our most gullible institutions aren’t half that stupid.”
Cavuto exploded after hearing Barroso’s remarks during a news conference on the first day of the G20 summit in Mexico Tuesday. When asked by a reporter why funds from North American governments should be used to help Europe, the Portuguese politician and European Commission President answered that there needs to be cooperation among the world’s governments, but noted that ”this crisis was not originated in Europe.”
“Since you mention North America, this crisis was originated in North America and many of our financial sector was contaminated by, how can I put it, unorthodox practices, from some sectors of the financial market,” Barroso said.
Cavuto would not have such remarks from “pathetic finger-pointing socialists.” Watch Cavuto’s epic rant on Fox News Tuesday:
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Comments (120)
self_rightousness_is_wearing_thin
Posted on June 19, 2012 at 9:44pmCavuto is my new hero!
Report Post »Goldline_scam
Posted on June 20, 2012 at 5:34amThere is PLENTY of blame to go around. It is a FACT that the US housing crisis was caused by banks irresponsibly made home loans to anyone over 18 with a pulse – then packaged up all that crap into mortgage-backed securities and sold them around the world with AAA ratings. When the house of cards finally fell over, it sparked both a US and global recession.
Was this alone the reason for the European debt crisis? NO – another fact is that European governments DID over-spend and over-promise on pensions and retirement. But the European crisis was made worse by their economic recessions … which DID originate in the US.
Typical politicians trying to point the finger at each other. If the US mortgage market was regulated similar to Canada or Germany (which did NOT face any mortgage crisis) – a lot of this mess could have been avoided.
Report Post »4xeverything
Posted on June 20, 2012 at 5:45amI watched this yesterday and wanted to kiss Cavuto! I love a good smack down!
Report Post »Seabird
Posted on June 20, 2012 at 6:44amDear gold line_scam,
Report Post »It was the gov’t forced loans by Fanny and Freddy Mac that created the environment for the banks need to cover their losses! It was a shell game! As for Canada and Germany look at the spending habits! I want the government to stop its spending and give aways to all countries that want to something for nothing! Socialism doesn’t work!
lukerw
Posted on June 20, 2012 at 7:21amThe Congress CREATED THE PROBLEM… created Programs for Housing for the Poor… then pressured Banks to Loan the Money… where Obama ACORN attacked Banks,,, and where Fanny & Fredie help start a Production Line Loan System. Now, all the Crooks walk away… and the Banks get stuck with the Debt & Blame! PERVERTED!
Report Post »Izzy2626
Posted on June 20, 2012 at 7:53amDonr leave out Carter who was there during the start of the community housing act and Clinton who put it on steriods. Tnen along came Barney F#g & Christipher Dodd and Kaboom.
Report Post »poorrichard09
Posted on June 20, 2012 at 8:29amRight on Neil! The reason the bank “contagion” spread to Eurozone is because the banksters over there were greedy and wanted a piece of the action in mortgage backed securities, too.
Report Post »ed0315
Posted on June 20, 2012 at 11:27am@ GOLDLINE “It is a FACT that the US housing crisis was caused by banks irresponsibly made home loans to anyone over 18 with a pulse – then packaged up all that crap into mortgage-backed securities and sold them around the world with AAA ratings. When the house of cards finally fell over, it sparked both a US and global recession.”
Since you seem to know the “facts”, just why is it that the US banks gave out those mortgages? Could it be that they were all sued by then Secretary of HUD Andrew Cuomo in the Clinton administration and threatened by the Janet Reno and the DOJ to give mortgages to minorities who pretty much just say they had a job to secure votes for Clinton and to boost the economy? Just askin’.
Report Post »red_white_blue2
Posted on June 20, 2012 at 11:48amWay to Go Neil! These morons need to be taught first that they ARE a MORON! I sometimes find its needed on roadways too. Just doing my civic duty. I mean if no one has ever told you, you’re an *******, how can we expect you go wipe yourself!
Report Post »WillBos
Posted on June 20, 2012 at 12:10pmGOLDLINE_SCAM,
You flat out have no idea what you’re talking about.. Congress, HUD and FDA were forcing banks to make these risky loans w/ threats of punitive action regarding interest rate and favorable status, as well as civil rights and discrimination lawsuits if they didn’t go along. The banks went along because those loans were being guaranteed by the HUD and Congress. They did this so the politicians could point to the “first time homeowners” data and the “minority home owners” data and tout how great a champion they are for the lower income buyers who could not previously buy a home. You’re an idi0t to repeat that BS about regulation. You can regulate ’till you’re blue in the face, but if they’re f-up regs, you’ll get F-up results.. A$$!
Report Post »AMENDMENT
Posted on June 20, 2012 at 12:14pmNigel Farage should also be on your heroes list… latest rant which happens to be on topic http://www.zerohedge.com/news/farage-barroso-hes-deluded-communist-idiot
Report Post »Stu D. Baker-Hawk
Posted on June 20, 2012 at 12:30pmSomebody named ‘Goldline_Scam’ needs to be slapped… hard. I’ve never seen a dumber post than his, er.. hers, er… its (?).
Report Post »G-WHIZ
Posted on June 20, 2012 at 12:33pmMr. Neil has always been here for us. When will Geo.Soros give his boss “the news you can’t refuse”, and N.Cavuto will go the way of JugeNappy, and G.-Beck??
Report Post »Popp40
Posted on June 20, 2012 at 12:43pmG-Whiz….if that happens wouldn’t it be great if Glenn hires him to work for GBTV…well now The Blaze.
Report Post »snakeoilforsale
Posted on June 20, 2012 at 4:39pmIt is a fact that Americans applied for loans on houses they could never afford. My bank did not come to my apartment, grab me by the arm and put a gun to my head and force me to buy a house. People like you that display total ignorance to facts, are the same people that are going to destroy this Nation, because after all– it is some one else’s fault for bad decsion making.
Report Post »dmerwin
Posted on June 20, 2012 at 5:18pmI agree. I would let them figure it out themselves if they don’t want our help.
Report Post »Bikkiboo
Posted on June 21, 2012 at 10:15pmTo Goldline___Scam: Those banks were FORCED to make mortgage loans to those who could not afford them by the Barney Franks in Congress. These do-gooder progressives tho‘t everyone should own a home even if they couldn’t afford one or take care of it, so they made sure they got one. Remember “red lining”? These were city areas where banks did NOT make loans. Why? People in those areas couldn’t afford them! Well, progressive liberals tho’t that was prejudice against those people and forced the banks to make the bad loans. The banks knew they were bad, but the do-gooders told them to package them all up and Fannie Mae or Freddie Mac would buy them, hiding the bad loans among good ones. It was a scam begun by those in Washington who then profited from the deals. They threatened banks if they didn’t make the loans – just as they threatened banks involved in the bail outs if they didn‘t take that money even if they didn’t need it. Good grief, educate yourself! Don’t believe the Washington insiders!
Report Post »abbygirl1994
Posted on June 19, 2012 at 9:36pmLoved it.. way to go Neil Cavuto!!
Report Post »Rayblue
Posted on June 19, 2012 at 9:26pmI caught the segment when it aired. Mr. Cavuto sounded much happier than usual. I could practically hear the crew slowly backing up to a safe distance so as to avoid the chewed up Europeans he was spitting out. Made my tense, standoffish day for sure.
Report Post »G-WHIZ
Posted on June 20, 2012 at 12:37pmJust watched it!! My goosbumps now have goosbumps which now have goosbumps…A tripple-decker!!
Report Post »Thomist5
Posted on June 19, 2012 at 9:08pmCavuto for president.That was hilarious.I hope he was kidding about retirement at 52 and not paying into your benefits,because that is just lazy.It’s like people here:there will to spend $550 on the new smart phone,but d_m you if you ask them to save for retirement,take care of their own kids(remember,household budget surplus is for new “man cave”),or live within their means.
Report Post »000degrees
Posted on June 19, 2012 at 9:23pmThat was too sweet…..
Report Post »joe conservative
Posted on June 19, 2012 at 9:31pmI am so glad that Cavuto is on at 8PM now. I stopped watching Ted Baxter a few months ago. As for Europe blaming us, good thing Obama is there to apologize. How pathetic things have become. This is a great short vid showing the liberal media at their finest. Just amazing.
Report Post »http://www.youtube.com/watch?v=Z-WWrGHn5QQ
pissantno.10
Posted on June 19, 2012 at 10:40pmno he was not kidding
Report Post »nzkiwi
Posted on June 20, 2012 at 6:07amNo, that’s right, he wasn’t. Every word was factual.
I listened to every single word with a big grin on my face. It is high time that someone put those soft-bellied European socialists in their place.
He might have mentioned that the western allies rescued Europe from a martial nightmare, at collossal cost in lives and treasure, without (to quote Gen. Powell) asking anything in return save enough land in which to bury our dead.
And not just once either.
Report Post »texasbeta
Posted on June 20, 2012 at 12:16pmExcept that mortgage backed securities, credit default swaps, derivatives, and the move of keeping them unregulated WERE created and pushed by American banks. Cute emotion TEAM moment from Cavuto, but he is an idiot, wrong, or being dishonest.
Report Post »You people cheering him on just proves AGAIN, that you haven’t even the basics of the argument…like usual.
spirited
Posted on June 19, 2012 at 9:08pmCavuto needs to interview Obama ….please God.
>A slice and dice ….. Just the facts Sir.
Report Post »countryfirst
Posted on June 20, 2012 at 7:07amI think Obama is working on the rebuttal. There is no one better with the blame game.
Report Post »spirited
Posted on June 19, 2012 at 9:02pmIs it normal
that the United States Of America’s flag
Report Post »was the second to the last flag
on the right side of the stage –on the left side of President Obama
and covered up by a powder-blue colored flag
at the 20 summit in Mexico?
rickc34
Posted on June 19, 2012 at 9:12pmLet europe fend for itself. The world used to look up to the US but since Obama and Biden got into office we are the laughing stock of the world.
Report Post »cloudsofwar
Posted on June 20, 2012 at 8:54am@ rick……. remember Obama and Biden do not want anyone looking up to the USA. Obama has said that the USA is no better than any other country.
Report Post »Bernice Durdan-Rowland
Posted on June 19, 2012 at 8:56pmCavuto – I do believe you could handle Holder very nicely – - – - – - wished you were in the drivers seat !!!!!! You have always pulled “no punches”!!!!!
Report Post »G-WHIZ
Posted on June 20, 2012 at 12:48pmJust as E.With-Holder would refuse Beck’s interview, He would-for exactly the same reason, refuse to be inteviewed by NeilC.! He would be, WITH FACTS, be turnned into a babbling idiot! Wait! He’s already a babbling-idiot! ):-)
Report Post »Al J Zira
Posted on June 19, 2012 at 8:56pmIf you take out Barroso’s name and replace it with the Democratic Party it still works.
Report Post »seeker9
Posted on June 19, 2012 at 9:09pmI’ll second that!
Report Post »Did he mention that govt regulators allowed the banks to leverage 40 to 1 so more junk loans could be made?
Tawny
Posted on June 19, 2012 at 8:55pmI really wish Beck would/could hire Neil for some sort of business deal on GBTV, I’d glue myself to the screen and watch him over and over again. Just like I did/am doing with that clip.
Report Post »Goldline_scam
Posted on June 20, 2012 at 5:35amOr maybe try to think for YOURSELF, sometimes?
Report Post »kathleenlee
Posted on June 20, 2012 at 10:05am@ goldline_scam: you really need to educate yourself…not just take the words of progressives and run with them. You ignorance is so profound that I am stunned…and that’s saying something. I’ve read a couple of your comments and your stupidity is obvious. Once you read educational material on both sides of the argument, then you will be able to make an informed comment. Until then it is “Better to remain silent and be thought a fool than to speak out and remove all doubt.” Abraham Lincoln…just trying to help you…constructive criticism…
Report Post »Mikev5
Posted on June 19, 2012 at 8:54pmAnother thing I hate about the EU is they try to push their green crap on us like Agenda 21 that monstrosity should be banned from having anything to do with the USA and any state government implementing any Agenda 21 crap should be removed as a traitor to the USA. Remember the air tax Europe has been trying push on the USA what a scam that is to me this ls like thuggery/blackmail gangster tactics to squeeze money out of us. So now we are getting taxed by our government and the world is taxing us who is next China and Russia starts taxing us.
Report Post »HorseCrazy
Posted on June 19, 2012 at 9:05pmthe eu is crazy. they drink too much the damage done to their brains has caused the enviro gullible garbage coming from them. I wish the enviros would move to the precious land of polar bears and give them a hug see how much the bears love the ugly little prius driving 2 legged snacks.
Report Post »Mikev5
Posted on June 19, 2012 at 8:45pmWay to go Cavuto Love it to the point.
I knew this was coming soon they will expect the USA to Bail them out we caused the mess we should Bail them out. I say screw them they have been sticking their middle finger at us for the last 20 years or more meanwhile we shoulder what 80% of the cost for their protection NATO. They wax and dither at everything we try to do with IRAN they block almost everything we have tried to do with many other things. They don’t work with us anymore.
Report Post »lassiegirldawn
Posted on June 19, 2012 at 8:39pmDid anyone see our sorry ass of a Commie In Chief give his speech? If my grandson did a paper that sounded like that, it would have been a do over.
Report Post »spirited
Posted on June 19, 2012 at 9:05pmYes,
that long just words, non-speech
and
three (or, was it 4?) non-answers?
>It was enough to give anyone a bout of turrets!!!
Report Post »junior1971
Posted on June 19, 2012 at 8:34pmSmack down!!!!!
Report Post »blanco5
Posted on June 19, 2012 at 8:32pmDo you ever feel like euro trash totally forgets that whole WW II thing?
Report Post »G-WHIZ
Posted on June 20, 2012 at 12:53pmYeh. The only ones who remember “that whole WW2-thing” are Poland and Israel.
Report Post »Even Germany, now…..forgot.
cdcats8
Posted on June 19, 2012 at 8:30pmGo Neil! You have the right stuff and the right attitude.
Report Post »barber2
Posted on June 19, 2012 at 8:29pmSure wish the Obama people listened to Cavuto instead of to their over-spending European / international LEFTY best buddies. Government as charity. Government as Robin Hood. Government as Santa Claus. Obama and Company has us heading into the same morass and, of course, looking for someone to blame. European Lefties blame America. Obama blames ” banks.” ( he forgot about ACORN and those Discrimination Card “ loans to the poor minorities ” that his Democrats pushed through this evil “ capitalist” system ….back when it was a functioning economic system…. “) … actually did the Obama Democrats pollute the entire world with their Robin Hood / ACORN / Santa Claus/ Basically Center For American Progress ideas ? Maybe we all need to BLAME GEORGE SOROS ?? Will he profit from all of this ? Could this be true ? Hmmmmmmmm……
Report Post »justangry
Posted on June 19, 2012 at 8:29pmThat’s awesome. I do still like Cavuto.
Report Post »Dougral Supports Israel
Posted on June 19, 2012 at 8:29pmI am completely sick of Europe and their entitled attitude. We have to fund a big chunk of their defense while they spend their money on early retirements. It would be our boys dying on the front lines while the spoiled young Euros sat in their cafes decrying the violence of war. Now, after spending their banks dry, the Euros blame us for being broke. Well, when the crisis hits you can take one thing to the bank, that this American won’t be wondering what he can do to help the poor Europeans.
Report Post »soybomb315
Posted on June 19, 2012 at 8:25pmYea our economy definately tanked first – brought down the rest of the world with us
Report Post »762x51
Posted on June 19, 2012 at 8:17pmWhat else could you expect from a stinking Communist like Barroso? No commie, U.S. or European or Asian has ever accepted responsibility for the failure of their ridiculous system which HAS failed EVERY time it has been tried. Retards!
Report Post »Diane TX
Posted on June 19, 2012 at 8:35pmYes, Socialism and Communism fails everytime it’s tried. The scary thing is that Obama and the other socialist Democrats believe that “this time, with them running the show” , everything will work out great.
Report Post »dsind
Posted on June 19, 2012 at 8:15pmwhoaa……..cavuto
Report Post »cooool.
Mapache
Posted on June 19, 2012 at 8:14pmA refreshing breath of fresh air, someone finally sticking up for America instead of saying we all caused the mess. The US is constantly being dumped upon by all these ungrateful dweebs and if it was’t for us they would all be speaking German….and not in a good way. The only true friend we have over there is Britain who has always stood beside us, even giving our president a bust of Churchill out of a sign of solidarity after 9/11….what? ….we gave the bust of Churchill back?! oh my!
Report Post »rose-ellen
Posted on June 20, 2012 at 7:58amwe did cause the financial crisis in europe [greedy money making schemes]as well as america and he’s an arrogant ugly american.Kudos to the europeans for not making their people work like slaves.one day we will catch up to their enlighteed culture.We’re rabid work till you drop hypercpitalist puritans and the young people are sick of it.European style democracy is a coming to the usa!We love jumping all over any country that has problems as if we don’t have plenty of our own.-a naton of snobs.
Report Post »c31tango
Posted on June 20, 2012 at 8:44amRose-Ellen, I suggest you lay off the bath salts. Carter and Clinton wanted everyone in the US to own a home, and live the American Dream. However, they forced the banks to give loans to people who could not afford them. When those people defaulted, they brought the banks down with them. If you think that the luxurious entitlements, and the unfunded liabilities didn’t play a large role in making Europe tank itself, you are sadly uninformed and deranged. Show a Country where socialism/communism has succeeded? Sweden-every socialists dream-has debunked Socialism. They have cut taxes, cut spending, and cut entitlements, and they are one of the few countries avoided an economical collapse. CHINA, COMMUNIST China stays out of the way of businesses and corporations, and their economy is about to surpass ours. Estonia, Friedman economics, they are the Baltic Tiger! So, sadly for you, you are lost, and deranged, and probably lazy. I am sorry you have to work for a living. I am sorry American Businesses can’t pay you to do nothing. How successful was the USSR economically? How Successful was China when they had their hands in all the Corporations and Businesses? Not very. If you dont want to be a slave, i suggest you move to Denmark and become a socialist Zombie, and a slave to the government because you want to a meet a standard that would have to work for in America. If you don’t like Capitalism and America, get out. We dont want you here. North Korea is nice this time of year.
Report Post »michael48
Posted on June 20, 2012 at 9:52amrose …you’re an idiot!!!!!!!!!!!!!!!!!!!!!!…but making steady progress to meaningless…suggest you leave …Earth!!!!!!!!!!!!!!!!!!!
Report Post »AmazingGrace8
Posted on June 20, 2012 at 10:18amGood post!
Rose-Ellen has her own prescription for “rose-colored-glasses”
Neil looked “in-the-pink“ and lately ”all” of the Fox News ladies & men(& guests) have a “just-right-glow“ for ”all-seasons”, Summer(today), fall, winter (hmmm), spring. I always said the ladies & men of Fox News are “The People For All Seasons”. Bob B has the “most” season change & looks pretty-sharp in his “pastels”…however, don’t let that fool-ya…..he still is a “flaming-liberal” LOL
Love you Neil….the best to you…..!
Report Post »God Bless America. God Bless Our Military.
CougarNick78
Posted on June 20, 2012 at 12:04pm@ Rose-Ellen, can I buy some of whatever drug you’re using?
Report Post »progressiveslayer
Posted on June 19, 2012 at 8:13pmThe federal government with their draconian regulations on the financial sector caused the meltdown in 08,remember folks government is always the problem.They forced banks to write bad loans because Barney Frank declared everyone in America will own a house weather they can afford it or not. The edict handed down by the Marxist POS currently dismantling capitalism is everyone will be made equal,equally poor.
Report Post »HorseCrazy
Posted on June 19, 2012 at 9:11pmwhile I completely agree with you it isn’t just the feds but the local municipalities and states as well. I am trying to open a new branch of my real estate office and no city wants me, I am a large employer a good taxpayer but they want to extort tens of thousands of dollars from me to move into an existing business space by useless parking studies, I am paying 15k for a permit to ad a client bathroom that required another parking study, not to mention my other permits. If they do not want my business which I have several branches I don’t know what to do at this point. I give people jobs, I buy real estate the poor folks have been trying to sell me this building for a year and the state and local every level of department gov worker is holding up every single step of this. I am currently giving up. I will keep my already existing offices and rent sattelite offices which will not help the 2 new cities collect money at all from me. every level of government at this point needs to be stripped and started over with. someone please explain how adding 1 toilet means a 4000$ study on parking for the permit? I am a realtor and cannot figure this new garbage out I have had it.
Report Post »rose-ellen
Posted on June 20, 2012 at 1:08pmYou’re the work till you droppuritanical maniulated right wing hypercapitalist capitalist gulls.the 21st c will bring about a shorter work week and earlier reiteremnet -not later .Kudos for the europeans in wanting advances in techology towork for people-not against people.You want to bring back feurdalism which is what is happening to anerica-as you work till you drop wit hvisions of money-like the billionaires whose bidding you do- dancing in your heads You’re manipulated puritanical rabidrcapitalist right wing gulls. Quality of life-not how much money you make-but how much leisure we have-is part of being an enlightened 21stc culture.You’re die-hard anacronistic puritans bul you’ll learn-your young people are getting it.
Report Post »MrButcher
Posted on June 19, 2012 at 8:08pm“You built your toilette’, you know what you have to do with it.”
HA!
Report Post »freedomisasfreedomdoes
Posted on June 19, 2012 at 8:08pmYou go Cavuto! So sick and tired of global economics being blamed on US esp seeing how Europe does have cradle to grave entitlements. So sick and tired of stupidity.
Report Post »