Reuters: Clinton courts left with promise to break up risky banks

[portlander23]

Reuters: Clinton courts left with promise to break up risky banks

“It’s not pure size, it’s bad management, excessive risk and things like that, lack of controls," said Alan Blinder, a Princeton economist who helped formulate the plans. "Now the truth of the size question is that the bigger you get the harder it is to do those things effectively.”

Clinton has been under pressure to join progressives within the Democratic Party calling for the government to break up banks deemed "too-big-to-fail." Both U.S. Senator Elizabeth Warren, the party's most outspoken critic of Wall Street, and U.S. Senator Bernie Sanders, Clinton's leading challenger for the Democratic nomination, have embraced such an approach.

But Sanders, a self-proclaimed Democratic socialist from Vermont, has been closing in on Clinton in polls in crucial early-voting states and in some cases overtaking her. His rise is emblematic of a leftward shift by party members exasperated by its past coziness with Wall Street.

"One year ago, who was predicting that all top Democratic candidates would be talking about jailing Wall Street bankers, breaking up Too Big To Fail banks, and picking executive branch appointees who will crack down on Wall Street," Adam Green, co-founder of the Progressive Change Campaign Committee, which has pushed for tougher regulations, said in a statement.

Related:

Sirota and Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two Bankers

Yahoo Politics: Hillary Clinton doesn’t support revival of Glass-Steagall Act

Democracy Now!: Robert Reich on Glass-Steagall and Bernie Sanders

Clinton: Cooperation, not speeches, is needed to regulate Wall Street

[djean111]

1. Oh, I'll stick with Bernie.

kthanxbye.

[AtomicKitten]

2. LOL. Pfft. As if.

[restorefreedom]

3. another "me too" position

thanks but i will stick with the guy who can think for himself.

[sadoldgirl]

4. What do you want?!

The debate is only a few days away.
Thus all three of the main contestants can
now sing cubaya.

[in_cog_ni_to]

5. OMG! With each Bernie policy she copies, the worse she comes off!

The unmitigated gall of that woman.

Opposes XL PIPELINE - AFTER she learns it's safe to do so - Hopefully Obama will veto the bill

Opposes the TPP (but not really! Just kidding, peons!) - AFTER she learns it's going to pass

She's going to tax her Wall St. Buddies on transactions - WHERE ON EARTH DID THAT IDEA COME FROM?!?!

AND NOW she's going to break up big banks??



Imitation is the sincerest form of flattery.

Thanks, Hill!

How pathetic and predictable can she be? I'm embarrassed for her.

I cannot wait for the debate!

She doesn't intend to do any of the above and she just doesn't care that people know she's being untruthful. WOW.

[reformist2]

9. Yep. Her goal is to keep her supporters from straying. She has no hope of winning new ones.

[MiniMe]

6. And how does she define "risky"

They don't pay enough into her campaign?

[Fumesucker]

7. Of course I'll still respect you in the morning, you can trust me

[awoke_in_2003]

11. Or better yet...

"don't worry- I'll pull out"

[reformist2]

8. She is soooo desperate. This week could be her undoing.

Maybe if she had changed just one position, we could maybe believe it. Maybe. But what is she up to now, three policy shifts? In one week?? Absurd. Laughable.

[Armstead]

10. Wait a minute. I thought size didn't matter...Last week I guess

Next she'll be endorsing Bernie Sanders

[uponit7771]

12. Clinton.... AND.... Sanders are evolving on issues DURING their campaigns. That's a good thing no?