Comments by "dangerouslytalented" (@dangerouslytalented) on "Senator Haunted By 2009 Comments On Health Care" video.

@romanmir01 That is complete, utter bullshit and you know it. Food is PERISHABLE. If you grow grapes, you have to pick them within a one week window or they go off. Potatoes are taken directly to the factory and made into chips within 48 hours. And prices are NOT stable with regards to gold, the speculators and hoarders are forcing the price of GOLD up too.
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@rawjokes car insurance is a little bit different. If you don't have a car, you don't have to buy insurance.
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@romanmir01 There we go- that is the problem. Gramm Leach Bliley turned it all into a casino where their losses were guaranteed. HOWEVER, before Gramm Leach Bliley, there were rules against doing certain kinds of trading which WERE GAMBLING. Plus, the people in question worked out a system where they could shovel their risks on OTHERS ANYWAY. 0% loans by the Fed are part of the problem, but not the whole problem. They are an effort to keep the economy speeding without actually providing jobs.
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@romanmir01 Actually, that is speculators that are causing food prices to go up. This has been the case since the point where the megarich sold out of the subprime mortgage bonds.
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@romanmir01 The first generation of these mortgages did not go sour. The second generation didn't. They ONLY started going sour when they started packaging them out and selling them on. That is when the NINJA loans Those selling the loans did not NEED a guarantee, because they were selling them on ANYWAY. To make a profit, all they had to do was make them LOOK sound. Then, when they worked out they were going to implode, they STARTED BETTING AGAINST THEM. Look up Magnitar.
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@dffykvn The mandate was the COMPROMISE plan. It was the fucking Romney plan. They should have cut and pasted the legislation from any other wesernised nation that had universal healthcare.
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@romanmir01 except that the mortgages were not going bad for 30 or so years, until the whole market was deregulated, and other players apart from Fannie and Freddie got into the market, players who were not even SUBJECT TO THIS LAW, like WaMu. They got into the market not because it was compulsory, but because they were able to now package all these bad mortgages up and sell them off at a profit, based on a bubble on land values that THEY THEMSELVES were generating.
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@romanmir01 OK, I'll bite, what should the US government actually do?
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@romanmir01 There were RULES in the system that stopped all that happening. Until the repeal of Glass Steagal. This was a bubble market, and bubble markets are fueled by hoarded wealth.
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@romanmir01 The 1920s boom was a BUBBLE. The wealthy first started investing in factories, but worked out that speculating in bubbles in certain commodities and stocks was far more profitable. So unemployment started rising by the late 20s and the whole lot crashed massively in 1928/1929
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@romanmir01 The farmers don't OWN the grain anyway. They sell it all on the futures markets years in advance. It is the speculators who are driving up the price by hoarding it.
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@romanmir01 The economy started imploding within 8 years of Harding introducing his "reforms". Employment was declining by the late 20s, and then in 1929, the whole fucking lot collapsed.
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@romanmir01 It is up to the supreme court to interpret the constitution. Just ask Denzel Washington what happens when one does not pay income taxes. The US government has to get its money from somewhere, especially with spending rising massively under every president since Reagan, (especially the Bushes)
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@romanmir01 The WaMu loans were not even GUARANTEED. The Fannie/Freddie ones were. The first and second generation of Fannie/Freddie loans did not go sour. Things only started going sour when WaMu and others started making subprime loans and selling them ON as "mortgage backed securities". If Fannie/Freddie broke the rules, the promise of guarantee was void. This was rendered meaningless when the loans were sold off and securitised, as the risk was transfered to the bondholders.
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