On Medicare-for-All, Clinton Reminds Us That She's Part of the Problem

Fenton said:

You DO realize Government policies and unprecedented Government intervention into the private sector economy for the explicit purpose of " fixing " social and economic disparity are at the root of the 2008 Financial Crisis, right ?

Well, that and the two extremely corrrupt GSEs Fannie Mae and Freddie Mac.

In the early 90s the Clinton administration declared that the decades old standards used by Lenders to safely vet the ability of a borrower to repay their loans were innately Racist, so Clinton set up a 10 Agency strong " Fair Lending Task Force ", made changes to the CRA law that included public posting of Financial iinstitutions CRA scores and co-opting of GSEs into the Subprime markets via " affordable lending " quotas that started at 46% in 1995.

Nearly half of Fannie and Freddies loan purchases had to be from borrowers who were considered to be low to moderate income with damaged credit or NO credit.

Prior to 1993 the GSEs never purchased more or held more than 10% in stressed loans

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Ah, yes, Fenton's "analysis" of the financial collapse. The evil doers are democrats and the GSEs. Innocent bystanders in all this are republicans, obviously. But the real victims are the behemoth private sector banks who were spending in the end $500 million per year at least in influence peddling, who owned democrat and republicans at the various committees and WHs, getting every item on their regulatory checklist checked off, and raking in record profits and all time record bonuses. Yes, they got exactly the regulatory environment they'd spent $billions buying, and during the peak bubble years collected record shares of economic activity, converted to record profits, stock prices, bonuses and 8,9 even 10 figure paydays for the guys at the top, but were the poor, poor victims of the democrats, pushing policies to benefit the people with REAL power, who are the poor, and blahs and browns (obviously) who were allowed to borrow too much money and who then bankrupted the world when they couldn't pay it back.

What I'm always impressed with his how much power democrats wielded. They controlled congressional committees from the minority leaving the GOP committee chairmen and the GOP congress incapable of action, controlled the executive branch and bank regulators when republicans were in the WH, and controlled world lending standards from the U.S., and so were able to push policies that resulted in debt and housing bubbles like we had in the U.S. all over the globe!!

fmw said:

Ah well. Liberals believe money grows on trees and that deficits and debt don't matter. Unfortunately, if it keeps up they will find out they were wrong.

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So will the rest of us, but no one seems to care! They will, though, and so will the next two generations!

The biggest problem is we are doing nothing to contain the costs of health services. Therefore, if you have any form of a single payer system, all you will do is bankrupt the US or the service providers. You can't expect the US to just pay all of these astronomical costs and you can't expect to pay health providers less and less while their own costs are getting higher and higher. That's the fundamental problem with even the healthcare we have now. We expect the health insurance companies to pay all of the ever rising bills without addressing the root causes and if we merely limit what we are paying the providers or the health insurance companies we're still not addressing the root cause of their costs going up exponentially. Until we wake up and realize we need to help providers and health insurance companies lower healthcare costs instead of treating them like they are the devil, we will never make any progress.

Fenton said:

You DO realize Government policies and unprecedented Government intervention into the private sector economy for the explicit purpose of " fixing " social and economic disparity are at the root of the 2008 Financial Crisis, right ?

Well, that and the two extremely corrrupt GSEs Fannie Mae and Freddie Mac.

In the early 90s the Clinton administration declared that the decades old standards used by Lenders to safely vet the ability of a borrower to repay their loans were innately Racist, so Clinton set up a 10 Agency strong " Fair Lending Task Force ", made changes to the CRA law that included public posting of Financial iinstitutions CRA scores and co-opting of GSEs into the Subprime markets via " affordable lending " quotas that started at 46% in 1995.

Nearly half of Fannie and Freddies loan purchases had to be from borrowers who were considered to be low to moderate income with damaged credit or NO credit.

Prior to 1993 the GSEs never purchased more or held more than 10% in stressed loans

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You should really read the entire list of explanatory factors of the 2008 financial collapse. "The blacks are all the problem" might sound like a compelling story that may or may not fit within your own narrative of the world, but I prefer factually accurate and total accounts of what causes things. Your "analysis" is missing a few key elements --mostly, all of them.

ocean515 said:

Well, I would suggest that as an admitted socialist, a multitude of things cloud your judgment, so stop slinging your BS as some sort of authority on anything other than your radical views.

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This argument can most easily be summed up as: "Me no like socialist. Socialist is bad word. You no talk. Me no like hear you talk."

ocean515 said:

So, having admitted you've already misrepresented the facts regarding Hoover

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I did no such thing, please try to follow the conversation.

ocean515 said:

It would seem your exercise in presenting anything of value here has come up considerably short of your promise. Rather underscores the entire socialist ideology and agenda.

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...? Yeah, there's nothing of substance in your post just wrong or baseless accusations. Talk about "presenting nothing of value here."