under New York State gaming laws prior to Devil Gramm’s Commodities Futures Modernization Act. Gramm legalized the gambling away of our countries self sufficiency.

it wasnt the original law. that only allowed trading on stock options.
quite a few good jobs came out of those businesses. a lot. good jobs.

it is subsequent expansion on the concept that turned it into plain gambling.
and it had nothing to do w the mortgage securities that led to 08.

on to try and destroy the bank that backed him.

Phil Gramm’s UBS Problem
If the Texas senator and McCain adviser was supposed to keep the Swiss bank out of trouble, he’s made a mess of it.
By DANIEL GROSS
JULY 07, 20085:58 PM


https://slate.com/business/2008/07/phil-gramm-s-ubs-problem.amp

"Bernie will pay for it all."

...it's obvious to me...

...you speak the truth...

Wonderful news! The sooner he drops out, the sooner he can go back to being an independent and run for his senate seat in Vermont and god willing, he will name two more post offices and nearly double his legislative accomplishments.

Sanders' supporters just want to sock it to the rich and corporations.

There just isn't enough money in taxing to support Bernie's 32 trillion dollar plans. Even if the tax was raised to 100%.

All the economic legislation from the last 40 years has been selfishly devoted to making it easier to get more money faster and easier and cheaper from the economy. That is why the US can't fight a conventional war and has only the nuclear option as a resort. We lost the capacity to make almost everything important. Our Armed services are dependent on China and India and others for parts including tires. All because money was siphoned from the economy and deposited into securing bets on progress. We lost almost all industry because of the legislation passed in the last 40 years. The US will spend more than 32 trillion dollars on the current healthcare system in the same time interval. Consider absolving the 1.5 Trillion dollar college debt. That will put more money into 89 million hands that will spend it. That is real QE. Money in the economy. Inject 1.5 trillion dollars into the economy is not money wasted. That is money with velocity going through the economy from hand to hand.

We have already seen how socialist economies fare

Of the former soviet block countries, not one has stuck to the old policies. All of them adopted market economies.

France, which went the semi-socialist route is faltering.

The dream of not a single socialist has ever brought prosperity - only brought misery to people - from Lenin to Evo Morales -- all of them brought nothing but misery.

economist that I know of that are willing to admit capitalism is gone the way of our non existing economy. The gaming of derivatives is in no way shape or form capitalism or an economy. Using capitalism to describe the current financial operations is a total fallacy. Any changing of money is not capitalism. Money changing hands to facilitate the trading of goods and services is capitalism working in an economy. If you are opposed to returning to working for a living making products to sell then you are opposed to capitalism.

However, consumers of specific products had always hedged their risk factors with derivatives. Coffee producers hedged against an oversupply of coffee, oil producers hedged against a drop in oil prices, airlines hedged against a catastrophic increase in oil prices and so on. Many of those were bundled into complex instruments so all parties had a hedge against some negative economic factor.


Stop parroting Snaders' talking points - they lack substance and are just geared to incite people who have blinders on.

They did not exist to the extent that the CFMA expanded them. Best example is mortgage backed securities that almost destroyed the economy. Sorry but the system we have now is simply periodic disasters followed by socializing the damage. There is nothing to defend as is.

They are simply collateralized instruments.

The problem with the 2008 crash was not the derivatives themselves , which were sound. The problem was dishonest banking institutions that put junk in the collateral. Standard procedures for approving a loan were not followed.

We have mortgage backed securities today and they are working fine, allowing people to buy homes.

mortgages. That let them fall under the classification of derivatives and therefore be traded unregulated. They fit the definition of derivative.

They were not derivatives. There were derivatives created on top of the MBS - they were called "default swaps" and insured by AIG.

institutional instead of eventful. IPO is not the way. Earnings are the answer.

simply for them being rich. I am totally for the rich paying a fair share of taxes, which they don't currently by a long shot, but after that, why single them out? A person can make themselves believe that rich ($50 million and above) people got that way only by lying and cheating and degrading their employees, but that view is massively simplistic.

We are saving more lives than ever before and people are living longer. If everyone died at 60, the costs will drop.

Modern drugs and diagnostic techniques don't come cheap.

A Boeing plane costs more today as well -- by almost 50% - but it is safer (despite the 737-MAX disaster)

There are many things that cost more. Health care is heavily regulated which is why it costs more. If we had companies making drugs on a farm with no regulations, the drugs would cost less. If doctors didn't need a license and expensive schooling, doctor visits will be cheaper. Is that where you want to go?

On average, life expectancy across the globe is steadily ticking upward—but the same can’t be said for the United States. Three reports newly published by the Centers for Disease Control and Prevention highlight a worrying downward trend in Americans’ average life expectancy, with the country’s ongoing drug crisis and climbing suicide rates contributing to a

third straight year of decline.

https://www.smithsonianmag.com/smart-news/us-life-expectancy-drops-third-year-row-reflecting-rising-drug-overdose-suicide-rates-180970942/

3.65 Trillion dollars spent on health care and life expectancy in USA is dropping

US longevity is skewed because of gun violence and more recently by opioid overdoses. Take those out of the equation and the longevity is rising.

Health care system cannot be blamed for the gun violence and opioid abuse.

M4A is simply a political football - has nothing to do with improving the quality of care.

That is improving the quality of care for those people.

M4A cannot afford quality care because providing quality care will cost as much if not more than the current system.

then that is a significant improvement in their health care. The limited system now costing more every year will exceed M4A over a similar time period. 10 years at current rate is 37.5 trillion.

Haven't seen that particular take before.

"And my conclusions rest on little more than a faith-based prophecy."

He is most certainly The Chosen One.





But I ain't choosin' him.

destroyed our economy.

to make the case for a sacred cow.

Plutophobia -- sans the pitchforks and torches. They even called it a revolution

envy of the world. Now we are ranked like number 18 or 19. All because greed stripped our economy of money.

people under insured or not insured. If you don’t place the health and lives of millions of people as top priority that is your choice. People that do suffer the wrath of people that don’t. And all the attacks and excuses are based on people not wanting to help the lowest levels of human beings. And on the other hand the people that attack Bernie also have no interest in changing all the right wing laws that have destroyed our economy and place us at the mercy of possible enemies to get parts for our armed service equipment.

You listed incremental limited actions that people get to list on their accomplishments. They all fall far short of solutions bug rank number one for getting credit.

I see.

None of those actual, real, progressive achievements "count" as solutions, no matter how much good they accomplished, because they weren't perfect by the standards of a particular candidate. Unless it can be attributed to a certain candidate, there is no good that came of it, and it was as bad or worse than never having been created at all.

And therefore, no one 'really' benefitted from those 'failures rather than solutions." Not the low income kids who didn't have insurance... not the consumers that benefitted from the CPB...not the people who had pre-existing conditions who would have died....etc.

Their lives don't matter, I guess.

appropriately in a few minutes.

all odds.

And regarding the items you mentioned :

Expanding Health Care Access? Expanded to millions that can't use it. Fortunately every single candidate is campaigning on fixing it.
E

Many Insured Americans Can't Afford Health Care
www.newsweek.com/many-americans-insured-cant...
Many Insured Americans Can't Afford Health Care By Jessica Firger On 5/21/15 at 3:28 PM EDT More than 30 million Americans with health benefits skip doctor visits due to high costs.


Pelosi/Obama - the ACA ????

Hillary Clinton/Ted Kennedy - SCHIP Great but has no money. Why wasn't it passed for perpetuity.

Paul Wellstone - Mental Health Parity and Addiction Equity Act (MHPAEA) Hard to enforce and exceptions provide for exclusions if execution produces increase in cost from applying parity.

Consumer Protection?
Elizabeth Warren - CPB Fine but obstructed by Obama who vied for acknowledgment of needs of banks over people. In words of Elizabeth Warren , Geithner and Summers just dont get it. She wanted to repair from the bottom up and Obama et al chose to help big banks instead of the people, the people who ended up paying for their own hardships to help the banks.

Reigning in Wall Street?
Barney Frank - Dodd/Frank
Paul S. Sarbanes - Sarbanes/Oxley Reigning in Wall Street, no such thing happened and now almost totally ignored with banks bigger and more dangerous than ever.

If Warren was president then, this would be a far better place now.

Sorry but centralism and incrementalism are a game played away from the terrible results.

They may be what he talks about doing, but the aren't Sanders-authored achievments, so they are by defintion "centrist" and therefore benefitted no one, and they don't count as progressive or effective.

Also "incrementalism" is a bad thing, because Sanders has pronounced it "centrist."

And then I explained the shortcomings of all the incremental credentialized initiatives you listed. None of which were solutions.

30 years in Washington.

Explain to me how a person who has written and got approved two Post Office naming bills and a massively bi-partisan veterans benefits will will accomplish the things Bernie is promising? LBJ was the most legislatively accomplished President to come in that office ever, and he accomplished only a small fraction of what Bernie is promising.

of the problems and are pledging to do something about it. Everybody that wants to be president promises to do something beyond what they have accomplished. Sanders and Warren have radical solutions to Biden who promised to tune things up.

Drastic actions are needed to undo the Trump disaster.


Prevailing in news media’s political content is the central, tacit assumption that oligarchy isn’t a reality in the United States.

Fairy dust? Declare himself king? The fact is big initiatives have to get approved by Congress, else they run into legal or other problems. Even the dumbass Trump has found that out. Bernie can do a lot with executive orders, but the scale that he is promising can't be done that way.

Maybe the other politicians are promising what they know that they can realistically deliver. If you buy stuff for your home and a shop promises the moon but deliver much less, you will most likely be very pissed off, yet you totally buy into the unachievable promises that Bernie is making, without apparently asking any hard questions.

in theory... I like Bernie, he is a good Senator... let's keep it that way

Nor to anybody I know.

Intuitively obvious to the most casual observation.

So there's that.

of Democrats in the last 30 years, because someone has told you that unless they have come from one individual, they really don't exist.


Intuitively obvious to the most casual observation.

ImageCNBC
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Corporate buybacks are the only thing keeping the stock market afloat
corporate. buybacks set off buying that artificially sustains dow from www.cnbc.com
Jul 2, 2018 · Companies set a record for share buybacks in the second ... All in all, the corporate buying has won out, keeping the S&P ... Dow components Nike and Walgreens Boots Alliance led the ...

I honestly thought it was sarcasm.

We *just* won the house in 2018 after 8 years? We still don’t have the senate.

Any candidate will get a fraction of the revenue increases they want.

We’ll be lucky to get half. Then their programs that work on paper during a campaign have to be enacted. Suddenly the math won’t work out and we will get a fraction of what was promised.

In 2022 there will be midterms. What ever policies are enacted will he looming as scary changes. Little to no benefit is likely to have been delivered yet.

I want to keep the house and senate. Give me policies that show enough benefit so we can keep
fixing government in 2023 and 24.

That to me means pharmaceutical reform and Medicare buy in as the first steps. I also want student cost reform (loans and tuition). Do that and we might retain congress in 22.

The arrogance of thinking we can move trillions of dollars around without any negative consequences is alarming. I’m for reforms and changes but I know enough to not trust anyone who can’t see the potential for problems. Change doesn’t scare me but naivety does.

Last edited Sun Jan 26, 2020, 12:48 AM - Edit history (1)

A correction or crash is more of a chance than the market keeps chugging along. If whoever takes office has a moderate or centrist persuasion they will have no idea how to deal with the problem. A centrist elected to office indicates conditions are not that bad and a centrist would no doubt deal with the problem like the Geithner team did. The banks are already more like 2008 than the supposedly Geithner , Dodd Frank reigned in reforms they are supposed to be. I hear radio commercials promising easier qualifications like in 2007. Paraphrasing Warren about the Obama Team. “They just don’t get it”. Looks again like a lot of people just don’t get it or just don’t care.

50 years of predatory loans and laws to deprive the working class of a living. Putting us at the mercy of all our enemies or potential enemies for parts to keep our armed services operational. The oligarch owned mass media doesn’t question the DOW. Sanders recognizes the tenuous condition of the country and is relegated to the status of crank for trying to sound the alarm. Shouldn’t be surprised because the same type of alarmist was treated the same way before 2008.