Elizabeth Warren allies demand answers from Clinton on Wall Street ties

[Ichingcarpenter]

Eight liberal political groups are resuming pressure on Hillary Clinton over her Wall Street policies on Wednesday, releasing a letter that asks whether she supports legislation to ban financial companies from giving workers large bonuses before they join the government. The letter specifically points to two of Clinton’s State Department aides who came over from the banking world.

“On behalf of our nine million supporters across the country, we are writing to request more information about your positions regarding the revolving door between Wall Street and the federal government,” reads a statement backed by Democracy For America, Rootstrikers, CREDO Action, MoveOn.Org Political Action, the Center for Popular Democracy Action, The Other 98%, Friends of the Earth Action, and American Family Voices.

The missive, which comes as Clinton interrupts her Hamptons vacation to unveil her rural policy platform in Iowa on Wednesday, specifically notes that Clinton has yet to support or comment on Sen. Tammy Baldwin’s Financial Services Conflict of Interest Act. Progressive icon Sen. Elizabeth Warren — who has ties to many of the letter’s signatories — has encouraged all presidential candidates to back the legislation, as both Bernie Sanders and Martin O’Malley have.


Read more: http://www.politico.com/story/2015/08/elizabeth-warren-allies-demand-answers-from-clinton-on-wall-st-ties-121748.html#ixzz3jtqVvzbt

[JDPriestly]

1. K&R. It is important that Hillary clarify her plans with regard to regulating Wall Street

and asking for the enactment of new measures to limit the fraud and unethical conduct on Wall Street and in the financial sector.

We have reached a point at which the fees some banks charge depositors for ordinary services like certain bank transfers are so high that the small depositors are practically paying the bank to keep the depositor's money.

If banks feel they need to operate in a way and charge fees that discourage ordinary people from developing the habit of saving, then maybe we need to have banks in our post offices and state banks -- government-run banks that don't have to charge such exorbitant fees, banks that are offering services and making reasonable profits rather than gouging depositors and customers.

[DiehardLiberal]

2. Don't do business with banks. Use credit unions instead to avoid the exorbitant charges and

supporting the banksters.

[emsimon33]

3. Of course she won't support Financial Services Conflict of Interest Act

If she does and then becomes president by some dark force, she will ignore the pledge as Obama ignored so many of his campaign pledges ("All options will be on the table, including single payer." Riiiiight!)