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sketchy

(458 posts)
Wed Apr 6, 2016, 02:15 PM Apr 2016

Sanders wasn't the one who botched the Daily News interview

From Ryan Grim, Huffington Post
"A notion is rapidly crystallizing among the national media that Bernie Sanders majorly bungled an interview with the editorial board of the New York Daily News. His rival, Hillary Clinton, has even sent a transcript of the interview to supporters as part of a fundraising push. A close look at that transcript, though, suggests the media may be getting worked up over nothing.

In fact, in several instances, it’s the Daily News editors who are bungling the facts in an interview designed to show that Sanders doesn’t understand the fine points of policy. In questions about breaking up big banks, the powers of the Treasury Department and drone strikes, the editors were simply wrong on details."

link:
http://www.huffingtonpost.com/entry/bernie-sanders-daily-news_us_5704779ce4b0a506064d8df5?section=politics


He cites this example from the transcript:

Daily News: Okay. Well, let’s assume that you’re correct on that point. How do you go about doing it?

Sanders: How you go about doing it is having legislation passed, or giving the authority to the secretary of treasury to determine, under Dodd-Frank, that these banks are a danger to the economy over the problem of too-big-to-fail.

Daily News: But do you think that the Fed, now, has that authority?

Sanders: Well, I don’t know if the Fed has it. But I think the administration can have it.

Daily News: How? How does a president turn to JPMorgan Chase, or have the treasury turn to any of those banks and say, “Now you must do X, Y and Z?”

Sanders: Well, you do have authority under the Dodd-Frank legislation to do that, make that determination.

Daily News: You do, just by Federal Reserve fiat, you do?

4 replies = new reply since forum marked as read
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Sanders wasn't the one who botched the Daily News interview (Original Post) sketchy Apr 2016 OP
Blame the media! Bernie can nationalize it when he becomes President. Buzz Clik Apr 2016 #1
The Federal Reserve regulates private banks, not the Treasury Department. NuclearDem Apr 2016 #2
Democracy now dr60omg Apr 2016 #3
kick sketchy Apr 2016 #4
 

NuclearDem

(16,184 posts)
2. The Federal Reserve regulates private banks, not the Treasury Department.
Wed Apr 6, 2016, 02:23 PM
Apr 2016

Mayhaps Ryan Grim should stick to writing articles about marijuana.

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