On banks, O’Malley is both prosecutor and policy wonk.
During a policy speech in Washington Thursday, O'Malley blasted the nation’s banking industry as everything short of evil . In the process, he showcased both the best and the worst of the political DNA he’s counting on to help him dethrone Democratic front-runner Hillary Rodham Clinton.
“We need to restore robust deterrents to those who police Wall Street. We cannot assume that this is the one industry that’s allowed to police itself. We need to put the cops back on the street,” O’Malley said.
O’Malley named Republican majorities in Congress as co-conspirators for cutting funding for Wall Street oversight.He argued for more stringent federal monitoring of banks, and, if necessary, government action to break them up and to bring charges against executives when institutions fail.
“When there is evidence of criminal wrongdoing, we need to prosecute it,” O’Malley said. . .
An Irish songwriter prone to quoting poetry, O’Malley spent some time waxing philosophical about the campaign.
“Every election, especially every national election, is the opportunity for a deeper understanding, and understanding precedes action," he said. "I think real leadership is to forge a new consensus, not to follow or submit to the straight jacket of the way things are today.”
http://www.washingtonpost.com/blogs/post-politics/wp/2015/07/24/on-banks-omalley-is-both-prosecutor-and-policy-wonk/
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