No Surprise: Hillary Doesn't Support Reinstating Glass-Steagall

[Duckfan]

Hillary Clinton says she doesn’t support reinstating a Depression-era banking law that separated commercial and investment banks because her forthcoming proposal for U.S. financial reform is “more comprehensive.”

https://www.yahoo.com/politics/hillary-clinton-doesnt-support-revival-of-150542856.html

I guess she figures she needs to keep the conservative-dem's base happy.

[ForwardMotion]

1. Article states it's because she has a much more comprehensive plan.

[HooptieWagon]

2. Written by the Wall St banks funding her, no doubt.

[99Forever]

3. And we all know that candidates NEVER LIE while trying to get elected.

[ForwardMotion]

5. She has already released it.

[99Forever]

13. So what?

Candidate Obama promised a Public Option.


How did that work out?

[PotatoChip]

15. She has? Can you please link to the proposal so we can read it?

I can't find it myself despite a google search. But there is a CNN article written yesterday that says she will be unveiling the proposal next week.

See post #14

[truedelphi]

7. If the plan doesn't include re-instating Glass Steagall, then it is

no plan at all.

Of course, I wouldn't (and don't) trust her for a moment on her ability to rein in the Banksters. Her husband gave them full deregulation the moment he signed off on the The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999.

Although this Act was dismissed as not having any significant effect on the middle class, around 2005 or so, within eighteen months it was obvious that this major deregulation was going to put a stranglehold on Main Street. Many older people are never going to recover from what happened to them ,circa 2006 to 2011.

Later on, Time Magazine ran with the quote from Bill Clinton: "The Republicans made me do it."

So Ms Clinton can say whatever she wants to now, but in the end, should she be elected,
she will always have that remark of Bill's as her guideline - "I wanted to help out the middle class, and restore the economy to Main Street, really I did, but the *#!$! Republicans just
won't let me do it!"

[sabrina 1]

9. What is that plan? She is wrong of course when she says it isn't effective The Clinton

administration was WARNED by many people that ending Glass Steagal would lead to exactly what it led to ten years later. Some even predicted the time frame.

One woman I remember well, tried to warn them, thinking that was her, and they ran her out of town, Greenspan, Rubin, Clinton.

It's time to view the 'The Warning' again which tells the story of a very smart women, Brooksley Born who has yet to receive an apology from those men for the way they treated her and tried to silence her.

In fact it is probably a great documentary to use at some of the meetups across the country.

Deregulation, rescinding Glass Steagal took away the protections that kept what happened in 2008 from happening for 50 years.

Any candidate who doesn't understand that, really isn't qualified for this job, seriously.

[ForwardMotion]

11. I think she touched on it here, but I'll find more.

http://mobile.nytimes.com/2015/07/25/us/politics/hillary-clinton-offers-plans-for-changes-on-wall-street.html?referer=&_r=0

Also, Elizabeth Warren has stated GS wouldn't have stopped recent recessions.

[PotatoChip]

16. Read the entire piece. Did not see any sort of reference to it there. (nt)

[gateley]

12. Ever since I heard her (in a 2007 debate) say yes we SHOULD

issue more H1-B visas because our country deserves the very best workers we can get (paraphrasing), I realized she and I are not exactly on the same page, to put it mildly. It gobsmacked me to have her totally ignore the fact that OUR education system should be producing the very best in the world. Instead, we produce the very highest profits for all investors involved.

Does she love NAFTA, too?

[Duckfan]

4. If this doesn't show her true colors, I don't what would.

Certainly the fractional number of her supporters must want it reinstated. Or are they all from Wall Street?

[in_cog_ni_to]

6. Of course she doesn't.

She knows which side her bread is buttered.

I suppose this means she doesn't support arresting, trying and convicting the Wall St. THIEVES who brought this country's economy to its knees - to the tune of $12.8 TRILLION bailout?

[sabrina 1]

10. Wall St from the time Glass Steagal was implemented to get rid of it. Sadly it was a Dem who did it

for them in the end.

Naturally, after all the work they did to get rid of it, they don't even want to THINK about reinstating it.

[Evergreen Emerald]

8. Rather than a knee jerk negative reaction

Perhaps you should look at the proposal. Your superflcial negative attack is baseless.

[PotatoChip]

14. Please show us where it can be found.

The Op's link, the link above by (I think) a Hillary supporter, as well as everything I've seen suggests that she has not released her plan yet. If this is incorrect, can you please link to it?

This CNN article is from yesterday...

Hillary Clinton said her Wall Street plan would be more comprehensive than just reinstating the Glass-Steagall Act
"I have what I consider to be a more comprehensive approach to what we need to do to rein in these institutions including the big banks"
Davenport, Iowa (CNN)Hillary Clinton on Tuesday dismissed the idea of reinstating a Depression-era banking law that has found champions in two of her Democratic opponents, setting up what will likely be a flashpoint in next week's Democratic primary debate.


Asked by a voter in Iowa about reinstating the Glass-Steagall Act, a law that separated commercial and investment banks until its repeal under President Bill Clinton, Hillary Clinton said that her Wall Street plan -- which will be unveiled next week -- would be "more comprehensive" than reinstating the law.


"The big banks are not the only thing we have to worry about," Clinton said at the RiverCenter here. "I've studied this real closely and what I am proposing is we go after the risk, and if they are too big to manage, that is a risk and they should not continue. If they are so big that they are causing disruptions on the marketplace, that's a risk.

http://www.cnn.com/2015/10/06/politics/hillary-clinton-glass-steagall-act-martin-omalley/index.html

[tartan2]

17. Hell no she doesn't support it

Hells bells it was her husband who signed the Gramm-Leach-Bliley Act that removed barriers to the Glass-Steagall.

[olddots]

18. like it or not H.R.C. is a one percenter

if not on paper she is OWNED by the one percent and that can be proved ON PAPER .