Clinton: Sanders' health care plan 'will never, ever come to pass'

[jmowreader]

106. Change that to NO HE CAN'T

Hillary is exactly right on the banks: Glass-Steagall wouldn't have stopped the Shrub Bush Financial Meltdown because the firms that were the worst malefactors wouldn't have been governed by it. You want to stop the next meltdown? Then you do what I have been telling you guys to do for a very long time, get someone in there who understands derivatives (Elizabeth Warren might, but Bernie Sanders doesn't act like he does) and CLEAN UP THE DERIVATIVES MARKET!

I have said this for quite a while: The problem with the financial system isn't what you can't do. It's what you CAN. Let's look at the Goldman, Sachs Scandal...you know, the one where Goldman joined with the nastiest short in the industry to bet against the housing market, and screwed a bunch of people out of billions of dollars? I read the prospectus, and those assholes described EXACTLY what was going to happen with one short, easy to misunderstand phrase: "synthetic exposure to the housing market." A synthetic CDO is kinda like a blackjack table in a rigged house. I'm the dealer. You're the player. The table we're at is labeled The Housing Market. I think the housing market is going to crash. You don't think that, so we both put some money in a pot. Then we play cards. But since this casino has no rules whatsoever, don't get too upset when I deal your hands from a deck that's all deuces and treys and my hands from a deck that's all queens and kings. OF COURSE the guy who set up the deal picked the riskiest mortgages in America to bet on and he didn't tell you what they were. HE COULD DO THAT!