Mayor De Blasio backs Clinton’s Wall Street package

[riversedge]

Progressive New York mayor backs Clinton’s Wall Street package

De Blasio helps the Democratic front-runner preempt Bernie Sanders’ financial reform plan.

By Annie Karni

01/05/16 02:13 PM EST
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As Bernie Sanders prepared to deliver a speech on Wall Street reform, New York City’s progressive mayor, Bill de Blasio, endorsed Hillary Clinton’s financial proposals instead.

“Having studied all the Wall Street reform proposals, I firmly believe Hillary Clinton has put forward the toughest, farthest-reaching plan of anyone running for President,” de Blasio said in a statement to POLITICO. “She would not only go beyond Dodd-Frank to ensure the needed authority exists to break up or downsize banks that are too large, but she also imposes new constraints on activities in the shadow banking sector, which is too often overlooked.”

He added: “Hillary Clinton’s plan confronts risk-taking wherever it occurs, from investment and commercial banks to insurance firms to hedge funds. Her plan goes the farthest to crack down on the true causes of the last financial crisis, and to prevent the next one.”

Wall Street reform has been the backbone of Sanders’ presidential bid and driven much of his grassroots, progressive appeal. His campaign sees the issue as his best lane to winning the primary, and has tried to represent Clinton as a politician too close to the financial industry she represented as a senator from New York.

Read more: http://www.politico.com/story/2016/01/bill-de-blasio-hillary-clinton-wall-street-217363#ixzz3wR5nrVkM

[Walk away]

1. Oligarch!

[William769]

3. RLFLMAO!

[Cha]

2. Smart.. thanks for getting on board, Mayor de Blasio!

Thank you, rivers!

[enid602]

4. de Blasio

Well his city does, admittedly have a large number of jobs (both high paying and rank and file) that depend on careful and constructive Wall Street reform. A hatchet job will not be beneficial to anyone.

[SunSeeker]

5. I agree with Mayor De Basio!

[sheshe2]

8. Yup!!!!!

[sheshe2]

6. "Progressive New York mayor backs Clinton’s Wall Street package "

[sheshe2]

7. Let me reiterate.

Progressive New York mayor backs Clinton’s Wall Street package


Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package
Progressive...Progressive New York mayor backs Clinton’s Wall Street package Progressive...Progressive New York mayor backs Clinton’s Wall Street package

Mayor Bill de Blasio under the bus. Ouch.

[Thinkingabout]

9. Hillary is pushing the better policy on regulating Wall Street with

Enhancing Dodd Frank and invoking the Volcker Rule. Also it must be said Sanders also voted for Dodd Frank.

[riversedge]

10. #ImWithHer

[Hekate]

11. Kick