Sanders calls Clinton 'naive' on Wall Street

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Sanders calls Clinton 'naive' on Wall Street
Kevin Cirilli
The Hill

Sen. Bernie Sanders (I-Vt.) knocked Hillary Clinton as "naive" on Wall Street during the first Democratic presidential debate on Tuesday in Las Vegas.

"Going to Wall Street and saying 'please stop' is very naive," Sanders told Clinton during a heated exchange about their regulatory policies, in particular the Glass-Steagall Act.

The former secretary of State has sought to differentiate herself from two of her closest Democratic challengers: Sanders and former Maryland Gov. Martin O'Malley, who have called for reviving Glass-Steagall. The Great Depression-era law, which President Bill Clinton repealed in 1999, required financial institutions to separate their commercial and investment banking operations.
Clinton, in contrast, argued that Glass-Steagall is the wrong policy prescription and wouldn't have prevented the 2008 economic collapse.

Oh Bernie ... it's not naivety.



Related:

Robert Scheer: Go Ahead, Back Hillary Clinton and Forget All About Her Record

Robert Reich: The Big Banks Need to Be Broken Up

Paula Dwyer: Clinton's plan on Wall Street protects husband's legacy

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

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

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1. I Thought Like Bernie That Hillary Was Naive When She Said This....

CLINTON: You know, I — I respect the passion an intensity. I represented Wall Street, as a senator from New York, and I went to Wall Street in December of 2007 — before the big crash that we had — and I basically said, “cut it out! Quit foreclosing on homes! Quit engaging in these kinds of speculative behaviors.”

What did she expect - that because she went to Wall Street and told them to "cut it out" - that they would? I would say that that was naive. A lot of good that did.

And then what did she mean when she said this:

CLINTON: But I’m telling you — I will say it tonight. If only you look at the big banks, you may be missing the forest for the trees. What was she referring to?

I think one of Bernie's best lines of the night was:

SANDERS: In my view, Secretary Clinton, you do not — Congress does not regulate Wall Street. Wall Street regulates Congress.