Clinton Comes Out Swinging At Sanders Wall Street Plan—Before He Unveils It

[riversedge]

Pre-emptive!!
Hillary Team is on the ball.


Clinton Comes Out Swinging At Sanders Wall Street Plan—Before He Unveils It
http://www.bloomberg.com/politics/articles/2016-01-04/clinton-campaign-prebuts-sanders-wall-street-speech


The Democratic front-runner's campaign is criticizing Sanders' failure to address the issue of "shadow banking."
Jennifer Epstein

January 4, 2016 — 2:30 PM CST

Hillary Clinton’s campaign is attempting to preempt rival Bernie Sanders’s big Wall Street policy speech by suggesting that the Vermont senator’s plans wouldn’t do nearly as much as hers to prevent a future financial crisis.

The Democratic front-runner has developed policies aimed at reining in the “shadow banking,” an area that Sanders’s 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, Clinton’s 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 Clinton’s tough, comprehensive proposals to rein in risky behavior within the shadow banking sector.”

Clinton faces the persistent notion that because she has many Wall Street donors and high-level advisers with ties to the financial services industry, she won’t be as tough on Wall Street as many Democratic voters would hope. But her campaign has pushed back by stressing that she has offered nuanced proposals that reach beyond simply regulating the big banks. She's been endorsed by former Massachusetts Congressman Barney Frank and Gensler has widespread credibility with the left after aggressively pushing for tougher regulations during his time in the Obama administration. ....................

[BooScout]

1. Hillary knows her stuff....

Sanders does not.

[NurseJackie]

2. Agreed! She's well rounded and BRILLIANT!

Sanders pivots and no matter what the question, he'll always deflect and change the subject back to the only topic he's comfortable with. If he actually had a chance of winning the nomination, that would worry me.

[1StrongBlackMan]

3. Imagine a world where candidates were free to "borrow" the strongest parts of their competitor's ...

and adopt/adapt it into their own plan ... without intra-partisan complaining.

Oh, what a beautiful world it would be.

HRC could add G/S ... Bernie could add the "shadow banking" parts ... putting them, both, at O'Malley's plan. (Sorry ... I couldn't help that)

[BlueCaliDem]

11. It's happened. President Obama adopted Hillary Clinton's idea of the individual mandate in the ACA.

Hillary Clinton, if she becomes president, will have a Congress she can work with and who will help her push through important legislation. This is very important. Without Congress, she won't be able to do much.

This is just one of the many reasons I won't vote for Sanders in the primary. He doesn't have that same clout. Unfortunately, neither does O'Malley. I know you're a supporter of his 1SBM, but realistically speaking, what Democratic allies does MO'M have in Congress? What relationships has he built there?

That's what I'm looking at. The level of clout a Democratic candidate has in Congress, and Hillary Clinton is it.

[Thinkingabout]

4. He has been saying he wants to reinstate Glass Stegall and she knows it needs

To be more. She feels there needs to be more to regulate weak points which occurred in 2008. Glass Stegall would not prevented the financial crisis. Also the CRMA also played a part in the financial crisis.

[sheshe2]

5. Pre-emptive! Love it.

Go Hillary~

[William769]

6. Kick & highly recommended!

[Cha]

7. Good on Hillary!

Thank you, rivers!

[Kath1]

8. That is excellent!

Good move, Hillary!

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[Cha]

9. Thank you, Kath.. I love yours too!

Excellent move~

[Kath1]

10. Thanks!

Hey, Cha!