Bernie Sanders
Related: About this forumClinton Comes Out Swinging At Sanders Wall Street Plan—Before He Unveils It
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The Democratic front-runner has developed policies aimed at reining in the shadow banking, an area that Sanderss proposals have yet to address. He's set to speak Tuesday in New York.
Unfortunately, Senator Sanders has so far taken a hands-off approach to some of the riskiest institutions and activities in our economy, which were among the biggest culprits during the 2008 crisis, Gary Gensler, Clintons chief financial officer and the former chair of the Commodity Futures Trading Commission, said in a statement, referring to the activities of hedge funds and high-frequency traders. In his speech tomorrow, Senator Sanders should go beyond his existing plans for reforming Wall Street and endorse Hillary Clintons tough, comprehensive proposals to rein in risky behavior within the shadow banking sector.
http://www.bloomberg.com/politics/articles/2016-01-04/clinton-campaign-prebuts-sanders-wall-street-speech
SandersDem
(592 posts)because 9-11
Phlem
(6,323 posts)INdemo
(6,994 posts)back in the mid-90s where she made thousands overnight without having a minimum amount in her account when the trades (cattle) were intimated... I thought this guy,Gary Gensler, Clintons chief financial officer and the former chair of the Commodity Futures Trading Commission might have been the chairman then.
Oh ya Hillary bought several cattle contracts which normally required a $12,000 investment with only a Thousand dollars in her account and made a very substantial profit.Then she went on make earn a bundle in just one year which usually requires the trader to be very knowledgeable about commodity pricing history etc.
Here is the link: Its very interesting.
Here is my question for Hillary after reading this paragraph
Hillary Clinton has said "she made all the trading decisions herself" and has tried to play down Blair's role. But she acknowledged in April, three weeks after her trades were first disclosed, that Blair actually placed most of the trades.
So Hillary if you could make this kind money on the mercantile commodities market what the hell were you doing traveling around the world giving those pocket change speeches for?
http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm
thereismore
(13,326 posts)nc4bo
(17,651 posts)Baitball Blogger
(46,755 posts)"Hillary comes out swinging at Wall Street."
nashville_brook
(20,958 posts)and that's just no fun.
zentrum
(9,865 posts)roguevalley
(40,656 posts)Fawke Em
(11,366 posts)Just ask Matt Taibbi, who would know.
This squeamishness about criticizing banks is laughable to people in the industry. But of course, that's probably the point that the average voter won't know how absurd and desperate it is to point to faceless "shadow" financiers as villains when the real bad guys are famed mega-firms that are right out in the open, with their names plastered all over every second city block.
http://www.rollingstone.com/politics/news/hillary-clintons-take-on-banks-wont-hold-up-20151014
Major Hogwash
(17,656 posts)And since Sanders hasn't revealed his plan yet, she's just whiffing in the air, not hitting anything.
nxylas
(6,440 posts)Data leaks can work both ways.
nashville_brook
(20,958 posts)Fuddnik
(8,846 posts)Careful Hillary, sometimes the shadow hits back!
rhett o rick
(55,981 posts)Wall Fracking Street. H. Clinton says that bringing back Glass-Steigall won't help reform Wall Street. Why then is Wall Street fighting it so hard. Why was it important to get repealed in the first place? And what would it hurt to try it and see. It might just prevent the next great financial meltdown. Note that meltdowns essentially move wealth from the taxpayers to the wealthy 1%.
Major Hogwash
(17,656 posts)Banks, shmanks, she owns her own foundation, for crying out loud!
Bank reform is as far from her mind as reforming the state lines between New York and New Jersey . . she couldn't care less!!
PyaarRevolution
(814 posts)Call it Fascism if you want, but it's Feudalism with a new skin attached. I mean Feudalism worked SOOO well. Yeah it wasn't a shit system where most starved or ate questionable food just to survive and didn't have anything to really call theirs.
sonofspy777
(360 posts)Screw her
Jack Rabbit
(45,984 posts). . . Gee Dubya Frat Boy said he was the "reform candidate."
SoapBox
(18,791 posts)ViseGrip
(3,133 posts)abelenkpe
(9,933 posts)Needs to be looked at and discussed. However, the idea that big banks are innocent is laughable.
azurnoir
(45,850 posts)her campaign contributors list speak louder than any speech she makes for the common folk
Geronimoe
(1,539 posts)via ending Glass-Steagall, I would never trust him or his wife to fix anything. It is like asking Bush or Cheney; how they would fix Iraq.
leftcoastmountains
(2,968 posts)Almost 8 years since the their mess and we are still trying to deal with it (Bush/Cheney).
One of the detainees has a book out now. I heard it on NPR this morning.
Unbelievable!
INdemo
(6,994 posts)Thanks for posting and Welcome