Shortly after airing, NBC pulled this video from their Web site. After much criticism and some editing, the video has reappeared. The original version of the video, which appears here, shows that NBC deleted information related to the appearance of actors portraying Herbert and Marion Sandler. The original video had a caption that described the couple as “People who should be shot.” Furthermore, the actor portraying Herbert Sandler stated “And thank you Congressman Frank as well as many Republicans for helping block Congressional oversight of our corrupt activity.” That part was edited out of the current version of the video.
Herbert and Marion Sandler sold Golden West Financial Corp, the parent company of World Savings Bank, one of the largest S&Ls in the US, to Wachovia in 2006 for $24 Billion. The video implied that Golden West extended sub-prime mortgages to unqualified lenders and then stuck Wachovia with the results thus accelerating their failure. The facts however, don’t confirm this assertion. Apparently, during their tenure at Golden West, World Savings did not make sub-prime loans. While they did provide Adjustable Rate Mortgages, these were based on real appraisals and real credit scores. Furthermore, World Savings did not bundle their loans and sell them as credit derivatives either – credit derivatives based on bad loans are one of the prime causes of the current financial crisis. Someone in the research department at SNL fucked up and the new video is clearly an attempt to mitigate the potential damages.
But other than that, it was a great attempt at bipartisanship with digs at the Democratic party controlled Congress who did in fact fail to reign in Fannie Mae and Freddie Mac. Barack Obama received a buttload of campaign contributions from them, it should be noted as did Barney Frank whose boyfriend Herb Moses, was an executive at Fannie Mae from 1991 to 1998. George Soros, the Billionaire Philanthropist, Holocaust survivor, currency speculator and darling of the Democratic Party and left-wing causes also made an appearance – he didn’t come off looking too good either but none of his dialog was altered.
Hey wait a minute. Congressman Barney Frank is Jewish. The Sandlers are Jewish. George Soros is Jewish. What the fuck? I thought we controlled the media?? Note to the Elders of Zion: I don’t care if it’s the holiday season – do not replace our regular crew of media overseers with glue huffing high school interns from Iowa ever again. This skit should never have aired! Sheesh.
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They brought up this issue on the JTA site too… I kinda sorta see your point, but to be fair, every ethnic group was skewered in that skit. The “victims” facing foreclosure were African-American and lower-middle class white (or coulda been Italian or Latino even) and both had a history of drug dealing, violent crime, lousy crecit, and both were deadbeat dads, who couldn’t seem to understand why owning a house should seem too good to be true. Obviously these are stereotypes that only a clueless bigot would buy into, as is the portrayal of WASPy rich yuppies who owned several properties and rented them illegally at astronomic prices, only to whine like babies when their gravy train got pulled out from under them. I don’t think 100% accuracy of everbody’s personal story involving the crisis is what they were going for in the skit. So if we’re to complain about their portrayal of Jews then you’d have to call them out of the other stereotypes as well.
It should of said “Soros: Should be locked up” and I’d be happy. At least SNL has tried more than every other comedy program to be somewhat objective.
I think the couple to be shot caption should have been kept, but that’s just me..
Well, we do control the media – that’s why the video was edited.
They’ve got glue in Iowa?
The development of anti-Semitism during the Weimar Republic clearly shows that whenever the economy was on the decay / down, anti-Semitism (as in openly anti-Semitic politics as well as anti-Semitic views held by people) rose.