This part....Wow, Bernie.

[madfloridian]

Bernie Sanders Attacks Hillary Clinton Over Regulating Wall Street

Senator Bernie Sanders of Vermont laid out in a fiery speech Tuesday his plan to break up “too big to fail” commercial banks and pointedly attacked Hillary Clinton for taking speaking fees from the financial industry and, in his view, for not going far enough in her plan to regulate Wall Street.

The criticism of Mrs. Clinton was some of Mr. Sanders’s strongest to date, and came after he had frequently refrained from such direct attacks.

“My opponent says that as a senator, she told bankers to ‘cut it out’ and end their destructive behavior,” Mr. Sanders said of Mrs. Clinton. “But, in my view, establishment politicians are the ones who need to ‘cut it out.’ The reality is that Congress doesn’t regulate Wall Street. Wall Street and their lobbyists regulate Congress. We must change that reality, and as president, I will.”

Mr. Sanders said that Mrs. Clinton was “wrong” to oppose his plan to reinstitute the Glass-Steagall Act, which would legally separate commercial banking, investment banking and insurances services. And the senator implicitly criticized Mrs. Clinton for being a patron of bankers when he pointed to their huge campaign donations and noted that they “provide very generous speaking fees to those who go before them.”

[HerbChestnut]

1. He didn't hold back on anybody

This was a great speech.

[Fast Walker 52]

55. Exactly. That was powerful and brutally on target.

He was a man on a mission.

[madfloridian]

2. Wall Street spokesman disagrees...says Hillary's plan is better.

As Mr. Sanders suggested in his speech, Wall Street was paying attention, too. However, with Mrs. Clinton still holding a commanding lead in most polls, her proposals appear to carry more weight.

Les Funtleyder, a portfolio manager at E Squared Asset Management, said that Mrs. Clinton’s remarks about regulating companies tended to move the market more than those of Mr. Sanders.

“This suggests to me The Street is more interested in what Hillary says at this point,” Mr. Funtleyder said.

[sabrina 1]

10. Lol, that's not going to help her: 'Wall St likes Hillary's plan better'. Well of course they do!

[Paka]

20. Exactly what I was thinking, Sabrina.

Bernie called it during the debate. No, Wall Street is not going to like me as President.

[senz]

29. Cause they don't wanna be "reformed."

[shireen]

68. that photo

of Bernie with Sandra Bland's mom and sister ... amazing.

[senz]

69. If you haven't seen the report

here it is: http://www.democraticunderground.com/1251684857

Very moving.

[SusanCalvin]

13. I don't give a €™^¥ what The Street is "interested in."

I'm interested in what they're scared of.

[Populist_Prole]

39. You said it!

Up the proles. These are the "wedge issues" I've longed for.

[RoccoR5955]

24. Of course Wall St. likes Clintons proposal better

What were you expecting, rubber biscuit?
With Clinton's plan the 99% get a wish sandwich, maybe a cool water sandwich and a Sunday go to meeting bun!
The 1% get Fillet Mignon.

[cleanhippie]

31. Your post would have been so much better with the video.

It would have been fun to see how many asked what a rubber biscuit was!!

Great reference! Brings back so many memories!

[Enthusiast]

51. Huge +1!

[passiveporcupine]

54. I miss the Blues Brothers

[R. Daneel Olivaw]

70. ...

[nc4bo]

3. He speaks the truth. It's so refreshing to hear. nt

[bigwillq]

4. Good for Bernie.

to Senator Sanders.

[Punkingal]

5. Love that he used her "Cut it out" words against her!

[Warren DeMontague]

6. But Nine Eleven!

[Uncle Joe]

7. I just viewed the nightly network prime time news ABC CBS and NBC, none of them mentioned that part

ABC actually did the best job probably because they committed the most egregious blackout against Bernie for so long, CBS covered the speech a very small amount, if NBC covered it, I missed it flipping through the networks.

I would bet fifty dollars to a doughnut that if Trump had stated what Bernie said, it would be all over the news, non-stop.

The ridiculous part is, Trump isn't even running against Hillary, the first primary hasn't taken place but the corporate media conglomerates are doing their best to present a Presidential race with all the integrity of professional wrestling.

Thanks for the thread, madfloridian.

[sabrina 1]

11. Yesterday CNN covered Bill Clinton speaking for Hillary for probably about 30 minutes. But

scanning the networks today, I saw nothing on Bernie! So biased, and yet he is closing in on her every day. That tells you how little influence they have anymore.

[Uncle Joe]

14. I agree, sabrina and that's a major reason as to why T.V. viewership is rapidly dropping but

we can't make the mistake of underestimating its propaganda power over too many people, as the old adage states that a beast is most dangerous when its' wounded or something like that.

More people every day are losing faith in the integrity of television news and tragically, the corporate media conglomerates; in their zeal to cynically manipulate the American People purely for self-serving purposes as they have inherent conflicts of interest are only speeding up the process.

[sabrina 1]

16. I saw some statistics today wrt to the Corp Media. Apparently trust in them is around 18%

of the population. I'm guessing much of even that number, are Fox loyalists.

Young people in particular, don't bother with the Corp Media, they get their news on Social Media from a variety of sources.

If this was the 'nineties, eg, Bernie would not be anywhere near as successful as he is right now. Because back then the Corp Media did have a lot of influence.

Sure, there is still an older Demographic that depends on them for news, but increasingly people are looking elsewhere to get their news, and also, they are now subject to ANALYSIS by millions of people which they never had to deal with in the past.

Bernie's success despite all their efforts, is proof of them losing their grip on the public's consciousness.

In fact, Hillary admitted a few years ago before the Senate when asking for funds for the State Dept: 'We are losing control of the message' and named several news sources other than the MSM, who she stated 'are doing a job' while CNN was no longer a force to be reckoned with as it once was..

[Uncle Joe]

18. PBS is the only network that gets a majority of trust at 57% and the lowest non-rating at 24%

FOX gets the highest in trust at 44% but it also gets a high distrust at 42%

U.S. News and World Report is a member of the corporate media conglomerate and here they are trying to obfuscate the issue on behalf of FOX, notice the headline as if this is even close to being in dispute!

PBS Is America's Most Trusted TV News Source. Or Maybe It's Fox News.

Organization Trust Don't Trust Not Sure
ABC 37% 38% 26%
CBS 39 37 24
CNN 40 40 21
Comedy Central 29 38 33
Fox News 44 42 15
MSNBC 34 44 21
NBC 39 39 22
PBS 57 24 19

http://www.usnews.com/news/blogs/data-mine/2014/01/30/pbs-is-americas-most-trusted-tv-news-source-or-maybe-its-fox-news

So FOX can't break a majority of over 50% and only has a +2 rating, PBS has a majority of 57% with a plus 33 point rating and U.S. News and World Report in their headline states "maybe!?

I totally agree with you, if we didn't have an Internet, Bernie wouldn't be anywhere near where he is today and that's precisely why the corporate media trashed, slandered and libeled Al Gore during his campaign with the "Gore claimed to have Invented the Internet lie," they saw the writing on the wall, knew this day was coming and they despised him for it.

[Cassiopeia]

26. Comedy Central ranks better than msnbc when trust/don't trust numbers are calculated

[Uncle Joe]

28. Personally, I believe that's because while "MSNBC is most definitely a member of

the corporate media conglomerations," it's the closest network to being liberal and as such is drastically outnumbered by the rest of the corporate media conglomerates which are not.

As most T.V. viewers are programmed by the fifty shades of corporate supremacy and conservative dogma, from all the other networks MSNBC pays a price for its relative progressivism.

Having said that the corporate media is the corporate media and even MSNBC only pushes the bar so far in regards to being against corporate supremacy, they have an inherent conflict of interest as well.

Comedy Central has the advantage of making people laugh, they're liberal as well but don't get punished as much because humor gives them a cloak, however even they don't rank well with people programmed by the conservative dogma from the rest of the corporate media conglomerates.

[Enthusiast]

50. Plus one to the absolute Max!

[sabrina 1]

60. Thanks Uncle Joe for those statistics. As for Fox, I wonder who they polled to get that number

I'm sure they they did see this coming in 2000. All the work they did to buy the media isn't paying off the way they hoped it would after alll

[Uncle Joe]

62. That's also why the Republican dominated Supreme Court passed Citizens United and

McCutcheon v Federal Election Commission, they see the writing on the wall as well, so the corporate supremacists powers that be, do what they can to offset the growing people powered influence of the Internet and resulting democratization of the U.S.

Both being authoritarian by nature, the Republicans and corporate supremacists are deathly afraid of democracy breaking out, so they rely on the almighty dollar to offset that possibility.

[MrMickeysMom]

37. Thus, driving home the awful blow-back of corporate media...

It's dishonest in delivering news, and the youngest voting generation have known it.


Heh... Corporate Media.... Hoisted by their own petard, Sabrina. We're seeing it happen right before our eyes.

[arikara]

66. Millenials don't watch CNN or Faux

and they will matter hugely in your election just as they did in Canada's as long as they are motivated. I hope Bernie is doing that, I really doubt Hillary would stimulate them to get out and vote.

[JDPriestly]

21. We don't bother subscribing to cable. They don't have enough to

say on the cable news to interest us.

Real News, Democracy Now, KPFK, Cenk -- Young Turks, and a long list of internet news sources including Huffington Post, Salon, international newspapers, the Guardian . . .. .

The list of great news sources on the internet is just too long.

Who needs cable? I sure don't.

[Fast Walker 52]

57. I figured they wouldn't touch this, and too bad it was on same day as Obama's gun control

announcement. But still, we don't need no stinkin' MSM.

[FloriTexan]

8. Kick !!

Love it.

[zentrum]

9. He gets greater every day.

[ChiciB1]

12. It Was A Great Speech! n/t

[bvf]

15. Yep.

It was only a matter of time before calling Clinton wrong became an "attack."

Just like people are "attacked" around here all the time, and have even been known to create an OP or two to whine about it.

Cry about a pathetic DU user (4)

[JDPriestly]

17. Bernie's speech was great. It is going to boost his campaign.

Everybody in America wants stronger reform on Wall Street than Hillary is proposing.

The friends I have who lost homes and/or businesses, all need real reform of the financial sector.

The too-big-to-fail banks need to be reduced in size. Right now the risks in our economy are too concentrated in the hands of a few very wealthy gamblers. That needs to change.

Many years ago, we rented an apartment from the manager of and S&L. He was the embodiment of a conservative fiscal view but with a heart of gold. He reduced our rent provided we got up at 5 a.m. when it snowed and shoveled the snow in front of the S&L and in front of the building we were in.

That was the early to mid-sixties, the time when bankers still cared about the people they served, the time when bankers made good money but didn't have to be Kings of the Hill, the time when Americans earned a living wage, enough to live modestly but well. There was still hunger and need, but that hunger and need was not as mean, not as cruel as today. It wasn't so all-or-nothing as I recall.

Bernie Sanders' speech today was terrific. The risk and some of the gain needs to be spread more widely in our society. Bernie is right. Hillary is wrong. About the "shadow banks." The money came from the too-big-to-fail economy that is lead by the too-big-to-fail banks.

[WillyT]

19. HUGE K & R !!! - Thank You !!!

[Duval]

22. And he did it without being nasty.

[madfloridian]

38. That is true.

[jkbRN]

23. Bernie is on fire.

[SammyWinstonJack]

25. I thought he said, "...and as president, we will."

[Fast Walker 52]

56. so?

[leftcoastmountains]

27. It was one of his better speeches.

[senz]

30. NPR mentioned Bernie's speech

Very brief, maybe a couple of minutes. Said he cited Glass-Steagall something like six times. Toward the end they gave Hillary's opinion and then noted that the Cato Institute agrees with her!

The Cato Institute is libertarian, economically Far Right.

[senz]

32. Here's NPR's coverage, from their "Marketplace" program.

You can listen online

http://www.marketplace.org/2016/01/05/world/glass-steagall

Here's the transcript:

Senator Bernie Sanders hit the presidential campaign trail in New York today, laying out his plans tackle income inequality, end “Too Big to Fail” and to reinstate the Glass-Steagall Act, which he mentioned by name roughly half a dozen times.

“Let’s not forget: President Franklin Roosevelt signed this bill into law precisely to prevent Wall Street speculators from causing another Great Depression,” Sanders said in his speech. “And it worked for more than five decades, until Wall Street watered it down under President Reagan and killed it under President Clinton.”

Glass-Steagall was part of the larger the Banking Act of 1933, which, among other things, separated banks’ commercial banking, investment banking and insurance businesses.

“The idea then — and there’s some validity to this now as well — is that if you’re mixing different kinds of activities, making it more complex, more opaque, it’s easier to make mistakes, it’s easier to behave badly, it’s easier to become very big,” said Simon Johnson, a professor at MIT’s Sloan School of Management.

Fast forward to the late 90s, Glass-Steagall was repealed amid a wave of deregulation, in part with the argument that it’d help banks be more profitable and better compete against bank abroad not subject to similar regulations.

“There was a general view among officials and the private sector in the United States that these 1930s restrictions and regulations were somehow holding back the U.S. financial sector, preventing firms from being ‘globally competitive,’” Johnson said.

But the idea of that there should be some type of firewall between custodian bankers and more entrepreneurial, risky Wall street types has persisted, said Lawrence Baxter, a professor at Duke Law School. Senators John McCain (R-Ariz) and Elizabeth Warren (D-Mass) have repeatedly introduced legislation to revive the act.

“The Glass-Steagall Act element that it keeps coming back, I think, it rests on deep belief that you shouldn’t mix these two types of cultures, especially if one of them is backed up by the taxpayer,” Baxter said.

The debate over reinstating Glass-Steagall often focuses on whether it would have helped prevent the recent financial crisis. Democratic candidate Hillary Clinton has said it would not.

Mark Calabria, director of financial regulation studies at the Cato Institute, agreed, saying that the crisis was caused by non-banks and financial institutions it wouldn’t have covered. He sees the idea of reinstating Glass-Steagall as distracting and a “misdirection.”

“Almost all activity banks engage in is risky,” he said. “There’s this artificial distinction that something going on on Wall Street is incredibly risky, where what commercial banks do is not risky. That’s just not true.”

[madfloridian]

45. Thanks for that link, senz.

[senz]

47. You're welcome. It's coverage, but narrow and limited.

He never gets a fair shake from the MSM.

[KoKo]

33. ..!

[chervilant]

34. I must have successfully placed on my IL

all the HRC supporters whose posts are snarky or condescending, and it's so refreshing not to see those kinds of posts.

I love how popular Bernie has become--he's all over the social media, and people are flocking to his appearances. I wish he'd visit my rural area.

Go, BERNIE!!!

[azmom]

35. She told them to cut it out.

I still can't get over her saying that during the debate.

[R. Daneel Olivaw]

71. Is "cut it out" legally binding or enforceable?

What fucking joke politician came up with that?

Oh, wait...

[Doctor_J]

36. more truth bombs from Bernie

If you think the country needs to move to the right, Hillary is your candidate

[SoapBox]

40. Go Bernie Go!

Our next President!

[senz]

41. My favorite lines of the speech

were near the end where he said,

"If elected president I will rein in Wall Street so they cannot crash our economy again.

Will the folks on Wall Street like me? (Crowd yells, “NO!)

Will they begin to play by the rules if I am president? You’d bettah believe it."

[Left Coast2020]

42. What paper/website published this story?

I don't see source.

[madfloridian]

44. Hi. From the New York Times.

Here's the link without the formatting.

http://www.nytimes.com/2016/01/06/us/politics/bernie-sanders-attacks-hillary-clinton-over-regulating-wall-street.html?_r=0

[Babel_17]

43. If the next debate devotes time to this topic, I think our party will get a lot of free publicity

People have a real interest in this, and it might get out the vote for us.

[Betty Karlson]

46. Wow...

(No wonder camp Weathervane attempted to pre-emptively attack the speech.)

[emsimon33]

48. K&R

[Enthusiast]

49. Kicked and recommended! Way to go, Bernie!

[UCmeNdc]

52. This is the reason Bernie Sanders must remain active in the discussion

even if he is not the nominee. He and Sen. Warren need to have a platform to put their correct views forward. If Bernie is defeated he needs to be the vice presidential candidate and have a voice shaping the Democratic platform.

[Douglas Carpenter]

53. Let's make this speech go viral!! If the American people hear his

message -- he WILL WIN!!! Let's make sure they do!!!!!

POST IT ON FACEBOOK, TWITTER AND EVERYWHERE!!

[Fast Walker 52]

58. I agree-- and have been doing just that!

[raouldukelives]

59. Some invest themselves in democracy for all, some in Wall St.

Some try to do both, which is at best its very best, a one step forward, two steps back proposition.

It is why we are where we are. It is no secret. Wall St owns us. We live in the most reality and change individual shareholders cannot fund the blocking of.

[Babel_17]

61. The New York Times showing an interest in the Sanders campaign

It's refreshing to see that, and I don't think it's a coincidence that the subject of the article is what it is.

This might provide a signal, and an impetus, for others to follow this lead.

[Android3.14]

63. So where are the usual suspects?

No defense from Camp Weathervane? No unsupported denials, lacking any reference to actual facts? They usually leap on this stuff within seconds.

Maybe there is an email in which Ms. Clinton said, "I will break up big banks, and all those millions and millions of dollars I received from the corporate financial systems are just proof they are all suckers."

Helloooo? Is this mic on?

[questionseverything]

64. the silence speaks volumes

not even a

[nolabels]

67. They are thinking it will all go away and or somebody or something will change the subject soon.

Then if you think about it, without a leg to stand on, or maybe even cheer leading for some of perpetrators that brought on this situation on. Like, what could or would they say about in the prop up of such a weather-vain.

Fate is the reality we cannot change but what change comes is our privilege to deal with and this always regardless of if we like it or not.

[rhett o rick]

65. It was a great speech. We need change from the corruption brought by big money

in our government. Why HRC supporters can't see that I find strange. For a long time until a few years ago, these same Democrats were against big money in government and against the domination of the Corp-Media. Now they embrace both. Do they not believe in quid pro quo or do they think it applies to everyone but their candidate? HRC will not regulate Wall Street. If she tried, Goldman-Sachs and others would want their money back.