It's official: Hillary is Against Glass-Steagall

[berni_mccoy]

She said it herself.

MSNBC Panel after the debate confirms it.

[MADem]

1. I don't think so--she said she wanted something TOUGHER than that. nt

[berni_mccoy]

2. Check the transcripts. She said it.

[Dem2]

3. That's a 'taken out of context' statement

She said her plan was tougher and more comprehensive that just repealing Glass-Steagall, which is said WOULD likely help by itself, but wasn't enough.

[berni_mccoy]

4. Bull. Shite.

And you know it.

[Dem2]

5. That's my best recollection paraphrased

I think she made the Glass-Steagal comment as an aside, but I'll wait for the transcript. I will not call bullshit, but I wrote what I heard to my best recollection without any attempt to change the meaning.

[Robbins]

9. we agree

tougher than it my butt.

[Avalux]

6. Yes. But she's really going to go after those hedge funds!!!

I bet her son-in-law is pissed about that.

[mythology]

7. You should be better than this lie.

You know damn well she said she wants something tougher than Glass-Steagall. Don't attempt to pass off your intentional misstatement to others.

[berni_mccoy]

11. Lol that's bull shite and you know it.

She's against any regulation on Wall Street.

[tammywammy]

8. "it doesn't go far enough"

[berni_mccoy]

10. Nope. She's against it. Period.

[tammywammy]

12. She just said "it doesn't go far enough"

So, yeah she's against it because she wants something tougher. You're being disingenuous with her statement.

[berni_mccoy]

13. With no alternative?!? Nope she's against Wall Street regulation.

Period.

[tammywammy]

16. here:

https://www.hillaryclinton.com/p/briefing/factsheets/2015/10/08/wall-street-work-for-main-street/

[berni_mccoy]

17. That's not meaningful, nor is it tougher legislation than

Glass-Steagall

[tammywammy]

19. Where's Sanders plan for shadow banks?

Like Lehman Bros? They weren't covered by Glass-Steagall.

[berni_mccoy]

24. Sanders would START by reinstating Glass-Steagall

That's the minimum. He would then close loopholes and tax speculation in addition to revoking overseas havens while breaking up the big banks.

Clinton opposes this as she said very clearly.

[tammywammy]

27. Which does nothing to prevent another Lehman Bros type melt down.

Or Bear Sterns or AIG or Fannie & Freddie!

The majority of shit that went wrong in 2008 wasn't because of the Glass Steagall repeal, it was shadow banks and other activities that were never regulated by Glass Steagall.

[wyldwolf]

14. Along with Krugman and Warren.

[berni_mccoy]

15. Krugman and Warren would never say what Hillary just said

[wyldwolf]

32. Warren said it was good issue to get people riled up, but really means nothing

Paraphrased.

[berni_mccoy]

33. And Clinton said she was against it

Boom

[wyldwolf]

34. Warren said it was good issue to get people riled up, but really means nothing

In other words, she's just humoring 'progressives.'

Boom.

[Hoyt]

18. She says we need to do more than GS, it's not enough.

[berni_mccoy]

21. Read the transcript. She would not reinstate it

If she thought it was good, she would do that and more. But she's not going to do that.

[Hoyt]

23. She supports the Volcker rule and some tougher restrictions that are as O'Mallely calls it,

a "modern version of GS." I read the Krugman comments, and he supports her position.

[berni_mccoy]

25. GS is the minimum and the first step and you know it

[Hoyt]

26. GS by another name is what she, and folks like Krugman, support.

[berni_mccoy]

29. Nope. She would have said that then but she didn't.

She very explicitly said she didn't support GS

[Hoyt]

30. It's decades old legislation. Read what we have now including Volcker rule, plus

what additional restrictions she's proposing. Read Krugman's comments. Stop focusing on GS.

Clinton Krugman Volcker Dodd/Frank is better.

[berni_mccoy]

31. Thanks but I did.

If she supported GS she would not say otherwise but she did.

[jfern]

28. Senator Warren's 21st century Glass Steagall would do more than the original

But Hillary opposes

[reformist2]

20. The OP is false. She would keep it. She claims she would do something else.

[berni_mccoy]

22. Your response is mistaken. Read the transcript.

She said very clearly she would not reinstate it.

[Javaman]

35. Which is so much better!

Glass stegal worked for decades then was trashed by Bill. Yup wouldn't work again at all.

She was tripping all over gpherself during that segment.

If she supported the return of glass stegal her Wall Street donations would dry up in a heartbeat.

She knows how her bread is buttered.

[berni_mccoy]

36. Obviously...

There are many Hillary supporters not happy with her opposing Glass Steagall. They are so upset by it that they deny she said it explicitly. Tomorrow they will wake up and have to reconcile Hilary's stance with their own.

[berni_mccoy]

37. Update: MSNBC Panel after the debate confirms it.