HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » grahamhgreen » Journal
Page: « Prev 1 2 3 4 5 6 7 8 ... 56 Next »


Profile Information

Member since: Thu Dec 30, 2004, 02:05 PM
Number of posts: 15,455

Journal Archives

Hillary Folks: Sen Sanders wants to Break up Big Banks. Where does Sec Clinton Stand on this Issue?

This is a policy discussion only. What is her position?

Sanders Files Bill to Break Up Big Banks

Wednesday, May 6, 2015

WASHINGTON, May 6 – Sen. Bernie Sanders (I-Vt.) today introduced legislation to break up the nation’s biggest banks in order to safeguard the economy and prevent another costly taxpayer bailout. Rep. Brad Sherman (D-Calif.) proposed a companion bill in the House.

The 2008 financial crisis had a devastating impact on the U.S. economy. It cost as much as $14 trillion, the Dallas Federal Reserve calculated. The Government Accountability Office pegged the cost at $13 trillion. The Congressional Budget Office estimated that the crisis nearly doubled the national debt and cost more than the Bush tax cuts and the wars in Iraq and Afghanistan combined.

The six largest U.S. financial institutions today have assets of some $10 trillion, an amount equal to almost 60 percent of gross domestic product. They handle more than two-thirds of all credit card purchases, control nearly 50 percent of all bank deposits, and control over 95 percent of the $240 trillion in derivatives held by commercial banks.

The Sanders and Sherman legislation would give banking regulators 90 days to identify commercial banks, investment banks, hedge funds, insurance companies and other entities whose “failure would have a catastrophic effect on the stability of either the financial system or the United States economy without substantial government assistance.”

The list would have to include Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo. These eight institutions already have been deemed “systemically important banks” by the Financial Stability Board, the international body which monitors the global financial system. Under the legislation, the U.S. Treasury Department would be required to break up those and any other institutions deemed too big to fail by the treasury secretary. Any entity on the too-big-to-fail list would no longer be eligible for a taxpayer bailout from the Federal Reserve and could not use their customers’ bank deposits to speculate on derivatives or other risky financial activities.

To read the bill and a summary click here and here. LINK: http://www.sanders.senate.gov/newsroom/press-releases/sanders-files-bill-to-break-up-big-banks

What is Sec Clinton's position on this important issue? FOR OR AGAINST?

Many TPP'ers argue manufacturing must be outsourced due to costs. Why stop there? Wall Street would

be cheaper to operate in Vietnam. Why not offshore all our jobs?

Congress is about to pass a bill they KNOW will cost American jobs. Obama is for this loss of jobs,

as is Hillary.

Yet, all of their rhetoric is about creating jobs.


How to solve our banking crisis:

It's Dylan "Storm" Roof. Is that "Storm" as in "Stormfront", the racist white power website?

This website promotes "lone wolf" attacks.

Stormfront wiki: https://en.m.wikipedia.org/wiki/Stormfront_(website)

Stormfront presents itself as engaged in a struggle for unity, identifying culture, speech and free association as its core concerns, though members of Stormfront are especially passionate about racial purity. It promotes a lone wolf mentality, linking to white nationalist theorist Louis Beam's influential work on leaderless resistance and offering a sympathetic assessment of Benjamin Nathaniel Smith, a white supremacist who committed suicide after a racially-motivated killing spree in June 1999

Bernie has successfully framed the debate on the 2016 elections.

This election is about income inequality and wealth disparity. It's now about how billionaires and banksters are controlling our government. It's about costly trade agreements that offshore American jobs. Its about Medicare for All. Its about the wealthiest paying their fair share of taxes. Its about less war and more diplomacy. Its about a sales tax for stock transactions. Its about investing in tuition free education for public universities. Its about Black Lives Matter, police brutality, education over prisons, LGBT, Latinos, women's right to choose and pay equity. Its about your family and mine being able to have a middle class life again - livable wages, $15/hr minimum wage, guaranteed sick leave and vacations.

How anyone thinks they can out-Bernie Bernie on these issues is beyond me.

He's won the first battle, and that was a big one.

Hillary Sounds Like Bernie at Campaign Launch (link to transcript)


Except she's ight on substance. No specifics. Invocation of FDR.

I noticed she wanted to change the tax code for investors.... That got me a little worried. What does she mean specifically? Lower capital gains?

Says she'll have specifics in a few weeks....

Looks like Bernie's had a strong impact on Hillary already. Can't wait til she endorses him

PS - could not cut and paste on my phone.

Why is obama continuing Bush's Iraq war debacle? I voted for him to end that war. He lied.

I'm just completely disgusted.

This war is un-winnable and immoral, in my view.

Newly-Declassified U.S. Government Documents: The West Supported the Creation of ISIS

Posted by grahamhgreen | Mon Jun 8, 2015, 03:39 AM (0 replies)

FYI - the c-word does not have a negative connotation for all people:

Go to Page: « Prev 1 2 3 4 5 6 7 8 ... 56 Next »