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2016 Postmortem
Related: About this forumNYT: How Hillary Clinton Would Regulate the Big Banks
NYT: How Hillary Clinton Would Regulate the Big BanksThe desire to assail too-big-to-fail-banks energizes the left and has propelled Senator Elizabeth Warren and the presidential campaign of Bernie Sanders. But then, some of the partys most prodigious donors come from the financial industry and dont much care for its vilification. And Bill Clintons administration oversaw the deregulation on Wall Street.
The short version: Directionally, Mrs. Clinton favors more intensive regulation of Wall Street than what is in place now. Bank executives and lobbyists will find little to like in her plan. But her approach stops short of the wholesale breakup of too-big-to-fail banks favored by Mr. Sanders and Mrs. Warren.
Mrs. Clinton proposes changes that would put stiff new costs on the largest banks and give regulators greater power to break up an institution they view as too sprawling and risky. But her plan does not envision a return to the era of the Glass-Steagall Act, the 1930s law requiring commercial banking and investment banking to remain separate. It was reversed by Congress during the Bill Clinton administration (an action that had less to do with the global financial crisis than many liberal activists would suggest).
With the first Democratic debate taking place next week, the stage is set for financial reform to be a major area where Mrs. Clinton and Mr. Sanders can clash.
The short version: Directionally, Mrs. Clinton favors more intensive regulation of Wall Street than what is in place now. Bank executives and lobbyists will find little to like in her plan. But her approach stops short of the wholesale breakup of too-big-to-fail banks favored by Mr. Sanders and Mrs. Warren.
Mrs. Clinton proposes changes that would put stiff new costs on the largest banks and give regulators greater power to break up an institution they view as too sprawling and risky. But her plan does not envision a return to the era of the Glass-Steagall Act, the 1930s law requiring commercial banking and investment banking to remain separate. It was reversed by Congress during the Bill Clinton administration (an action that had less to do with the global financial crisis than many liberal activists would suggest).
With the first Democratic debate taking place next week, the stage is set for financial reform to be a major area where Mrs. Clinton and Mr. Sanders can clash.
Related:
Sirota and Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two Bankers
Yahoo Politics: Hillary Clinton doesnt support revival of Glass-Steagall Act
Democracy Now!: Robert Reich on Glass-Steagall and Bernie Sanders
Clinton: Cooperation, not speeches, is needed to regulate Wall Street
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NYT: How Hillary Clinton Would Regulate the Big Banks (Original Post)
portlander23
Oct 2015
OP
CNBC "Breaking" headline - Clinton calls for breaking up too-big-to-fail banks as part of Wall Stree
closeupready
Oct 2015
#2
Armstead
(47,803 posts)1. I thought banking wasn't the problem
I thought the behavior of banking wasnlt the problem, it was just that shadow banking and the mysterious outliers luring in the corner that was the problem.
I guess that was last week.
closeupready
(29,503 posts)2. CNBC "Breaking" headline - Clinton calls for breaking up too-big-to-fail banks as part of Wall Stree
Clinton calls for breaking up too-big-to-fail banks as part of Wall Street plan
If true, this is good. K&R