2016 Postmortem
Related: About this forumMr. Countrywide's "what size the big banks should be reduced to" is a political ploy
to detract from the issue that the banks need to be broken up so we don't face a major meltdown in the future. To detract from the fact that the banks deemed to big to fail in 2008 are now BIGGER.
What size the banks need to be reduced to is something that needs to be determined. Does it need to be determined now? Hell no. You want a number so you can attack it. Determining that will take time, competent manpower (not Wall Street hacks), and a President with a track record of exercising good judgment (Bernie).
And by the way, where is the specific detail for Clinton's plan? Because I looked at her plan and saw NO DETAIL. We wouldn't want to engage in a double standard would we? Should the woman candidate be held to a lesser standard? That would be downright sexist.
As Reich pointed out the banks don't even have a plan in place for winding down. The wait until we get into another crisis to break up a bank is fucking STUPID. You wait until you have a mess on your hands to break it up. Yeah, that should go real smooth.
A corrupt environment breads incompetence which is why we need to get rid of the corruption if we are going to have a prayer of turning this ship around.
arcane1
(38,613 posts)And no progressive would support such a position. If they're supporting it, they aren't progressive, and they don't put the people's interest first.
Skwmom
(12,685 posts)of greedy, corrupt, stupidity is hard to take!
merrily
(45,251 posts)upaloopa
(11,417 posts)If he can't answer that question he has no real plan and voters need to know that.
You can't keep excusing his "we'll see" attitude.
rhett o rick
(55,981 posts)How do you stand on that? Maybe you are ok with having one bank and one mega media corp. Tell us how you feel?
Sen Sanders recognizes the problem. Does he have a pat solution, most likely not. But at least he will work toward a solution where Clinton favors one big bank Goldman-Sachs-O-Gold. They will put her on the board and pay her tens of millions.
beedle
(1,235 posts)but they were so stupid they couldn't even ask the questions properly (kept talking about the FED, which had nothing to do with breaking up banks) and then blamed Bernie for their lack of financial knowledge.
Newkularblue
(130 posts)Just spit-ballin but seems reasonable to me.. or you could move everything to your local credit union.