We've Had 40 Years Of Trigger Mechanism With Insurance Companies! Congressman Weiner
Top Comments
All Comments (56)
-
Agreed. The whole purpose of the glass steagle was to give an approximate cap on banking swaps, derivatives, and other exotic financial instruments. Sounds to me like the plan was to remove these rules incrementally.
-
re: ExquisiteDoom
Well then, would it be possible to make the argument that, Without the removal of the Federal Reserve.
That deregulation can have negative consequences?
-
The free market has always existed and has been a part of mutually beneficial trades since the dawn of times when humans realized we all could experiment in different fields and trade the knowledge and tools to one another. It is a simple realization that a good has a certain margin of utility compared to another one. It has however, never been completely free. It has always been held back , mostly due to the myth of monopolies, which have never been proven. Thanks to government propaganda.
-
re: ExquisiteDoom
"Free market logic wins all arguments."
So basically your argument is that libertarian economics can never fail, because it's never actually existed?
-
Bad example. Reason : Federal reserve. Private organisation which owns the monopoly on money, and is backed by government in a mutually beneficial and morally hazardeous partnership.
How well can swaps do without either government involvement or a valueless currency?
Free market logic wins all arguments.
-
re: ExquisiteDoom
Well they tried that with Credit Default Swaps. (i.e. A form of insurance)
The primary distributor of this type of insurance being AIG.
How well did that go?
greyfalcon. net/ cds3
greyfalcon. net/ cds
What's more, Texas is perhaps the most deregulated State in the union.
How well is their performance on premium costs, and coverage?
greyfalcon. net/ tort
-
Healthcare is a fraud, end of story. Government is a bigger fraud, end of story. Add competition, deregulate, problem solved in a matter of a few days or weeks. End of story.
-
re: helltrackrider
"every other country" "cost" "worthless"
How do you figure that?
greyfalcon. net/ healthcare
-
no...they shouldnt be telling ANY company what to do if it violates ANYONES Rights...period.
Get the States and especially the Federal Govt away from insurance, and let the PEOPLE choose what is best for them...very simple, and will work.
Look at EVERY other country that has government controlled insurance, cost too much and is worthless...
hell, our Social Security and Medicare is taking up around 30-35% of our budget...and it is worthless and Unconstitutional.
-
re: helltrackrider
42 states ban insurance companies from treating domestic violence as a pre-existing condition.
Are you telling me that both the State and Federal government shouldn't be able to regulate that?
Weiner in 2016!
xTheOxx 2 years ago 5
hey martina,
Show us a free market and you might have an argument there--all I see are corporate system-gamers (and their apologists & stooges) who like to SELL bought-and-paid-for, too-big-to-fail, loppsided, loopholed and subsidized arrangements under a big bullshit banner of 'free markets'.
You silly Pautards are as bad as megachurch Huckabee-ites, really...you just got sold a different handful of magic beans.
terpis 2 years ago 3