He said a bunch of stupid stuff and Britt didn’t call him on it. He blamed “speculators playing with other people’s money” or something to that effect. So either he’s just parroting the BS or he doesn’t understand the issue...or both.
Hume is an idiot. A typical jounalism major, who never took a single economics or business course in his life, and he darn sure has no idea what national income accounting is. Ask Hume what a credit deriative is? What do hedge funds do? How do they operate? Ask him what ERISA is? Where do you you find a due on sale clause? Sadly, I doubt that he knows.