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2016 Postmortem
Showing Original Post only (View all)Clinton: Cooperation, not speeches, is needed to regulate Wall Street [View all]
The Hill: Clinton: Cooperation, not speeches, is needed to regulate Wall Street
Democratic presidential candidate Hillary Democratic presidential candidate Clinton defended her decision to not be a "stem winder" in calling to break up big banks, a clear reference to her 2016 challenger Sen. Bernie Sanders (I-Vt.).
"I may not always be the stem winder about these things, because I think it's important and I've been around Washington long enough to know that you have to get people to agree if you want to get something done," Clinton told Dunham.
Progressives have long raised concerns about Clinton's ties to Wall Street, and Sanders, a self-described socialist, has surged in recent weeks in part because of his rousing anti-big-business speeches.
"You know, some people say, 'All we have to do it break up the banks,'" Clinton continued.
"The problem with that is that the banks did their fair share of trouble, but a lot of problems were not from these traditional banks, they were from whats called the shadow-banking world like Lehman Brothers, which went belly up and brought a lot of people down with them; or AIG, a gigantic insurance company."
"I feel strongly that the Dodd-Frank legislation that was passed after President Obama took office is a good down payment, but it's not good enough," Clinton said.
"We are now fighting just to get it implemented. What has not been implemented, I will absolutely implement it, and then I will look for any other abuses that needs to be stopped and curved."
Mrs. Clinton has not come out in favor of restoring the Glass-Steagall Act. Mrs. Clinton has historically received large contributions from the banking sector.
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Clinton: Cooperation, not speeches, is needed to regulate Wall Street [View all]
portlander23
Sep 2015
OP
No, Gass-Steagall did not impact AIG or Lehmen or Bear Stearns or Goldman or....
Recursion
Sep 2015
#25
It wasn't the trigger, but it was part of why there was an industry-wide crisis
portlander23
Sep 2015
#30
Please, deregulation of the Banking System led the way, which was predicted by some pretty smart
sabrina 1
Sep 2015
#47
I've heard it mentioned as part of a solution, but never as the entire solution.
arcane1
Sep 2015
#23
So could you name the people she is referring to? I presume she doesn't frequent barber shops.
sabrina 1
Sep 2015
#49
She said we don't need to restore Glass Steagal nor to break up the big banks. That tells ME all I
sabrina 1
Sep 2015
#53
Reinstating it has support from both parties. If the next pres supports it, it can happen.
arcane1
Sep 2015
#6
After all we've been through, to defend the banks is not only Republican, it's just bad politics.
reformist2
Sep 2015
#16
And Dark Money!! We need lots and lots of Dark Money to regulate Wall Street!!
Motown_Johnny
Sep 2015
#9
She's getting even worse! Openly declaring she's not going to rock the boat.
reformist2
Sep 2015
#14
No Secretary Clinton we need compliance to robust, well resourced and staffed regulatory regimes
TheKentuckian
Sep 2015
#29
'Cooperate' like allowing Citi to write their own laws & force them to be passed?
RiverLover
Sep 2015
#35
Oh please. She's not going to touch Wall Street or her donors will be pissed. n/t
Avalux
Sep 2015
#41
Clinton really knows how to "get along" with members of Congress, both parties, "Cooperation".
MindfulOne
Sep 2015
#45
Seems like for the past 25 years when Democrats "cooperate" with the GOP, people get hurt or killed.
Bread and Circus
Sep 2015
#46