Clinton Comes Out Swinging At Sanders Wall Street Plan—Before He Unveils It

[leftcoastmountains]

-snip-
The Democratic front-runner has developed policies aimed at reining in the “shadow banking,” an area that Sanders’s proposals have yet to address. He's set to speak Tuesday in New York.

“Unfortunately, Senator Sanders has so far taken a hands-off approach to some of the riskiest institutions and activities in our economy, which were among the biggest culprits during the 2008 crisis,” Gary Gensler, Clinton’s chief financial officer and the former chair of the Commodity Futures Trading Commission, said in a statement, referring to the activities of hedge funds and high-frequency traders. “In his speech tomorrow, Senator Sanders should go beyond his existing plans for reforming Wall Street and endorse Hillary Clinton’s tough, comprehensive proposals to rein in risky behavior within the shadow banking sector.”


http://www.bloomberg.com/politics/articles/2016-01-04/clinton-campaign-prebuts-sanders-wall-street-speech

[SandersDem]

1. Well she's an expert...

because 9-11

[Phlem]

2. This is going to be good.

[INdemo]

3. Didnt Hillary have some sort of trading controversy

back in the mid-90s where she made thousands overnight without having a minimum amount in her account when the trades (cattle) were intimated... I thought this guy,Gary Gensler, Clinton’s chief financial officer and the former chair of the Commodity Futures Trading Commission might have been the chairman then.

Oh ya Hillary bought several cattle contracts which normally required a $12,000 investment with only a Thousand dollars in her account and made a very substantial profit.Then she went on make earn a bundle in just one year which usually requires the trader to be very knowledgeable about commodity pricing history etc.

Here is the link: Its very interesting.
Here is my question for Hillary after reading this paragraph


Hillary Clinton has said "she made all the trading decisions herself" and has tried to play down Blair's role. But she acknowledged in April, three weeks after her trades were first disclosed, that Blair actually placed most of the trades.

So Hillary if you could make this kind money on the mercantile commodities market what the hell were you doing traveling around the world giving those pocket change speeches for?

http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm

[thereismore]

25. Cattle futures. She's good at that too!

[nc4bo]

28. Jack(ie) of all trades, I'd say. nt

[Baitball Blogger]

4. the headline I should be reading:

"Hillary comes out swinging at Wall Street."

[nashville_brook]

13. well, that would put the onus where it belongs

and that's just no fun.

[zentrum]

15. Good point. n/t

[roguevalley]

24. swinging for wall street is the truth. she Is pathetic

[Fawke Em]

5. The "shadow banking" shit is smoke and mirrors.

Just ask Matt Taibbi, who would know.

Hillary, like her close advisor Barney Frank, has been pushing an idea that banks aren't at the root of any financial instability problem. Last night, she pointed a finger instead at "shadow banking," non-bank actors like AIG, and a dead investment bank in Lehman Brothers. (Interesting she didn't mention a still-viable investment bank like Goldman, Sachs, which has hosted her expensive speaking engagements.)

This squeamishness about criticizing banks is laughable to people in the industry. But of course, that's probably the point – that the average voter won't know how absurd and desperate it is to point to faceless "shadow" financiers as villains when the real bad guys are famed mega-firms that are right out in the open, with their names plastered all over every second city block.

http://www.rollingstone.com/politics/news/hillary-clintons-take-on-banks-wont-hold-up-20151014

[Major Hogwash]

6. She's not that great at shadow boxing.

And since Sanders hasn't revealed his plan yet, she's just whiffing in the air, not hitting anything.

[nxylas]

8. Just because he hasn't released it, doesn't mean she hasn't seen it

Data leaks can work both ways.

[nashville_brook]

11. +10100110001000110011

[Fuddnik]

17. Reminds me of a Little Rascals episode with shadow boxing.

Careful Hillary, sometimes the shadow hits back!

[rhett o rick]

7. Those that benefitted from the financial meltdown are going to tell us how to reform

Wall Fracking Street. H. Clinton says that bringing back Glass-Steigall won't help reform Wall Street. Why then is Wall Street fighting it so hard. Why was it important to get repealed in the first place? And what would it hurt to try it and see. It might just prevent the next great financial meltdown. Note that meltdowns essentially move wealth from the taxpayers to the wealthy 1%.

[Major Hogwash]

10. "Champagne wishes and caviar dreams."

Banks, shmanks, she owns her own foundation, for crying out loud!
Bank reform is as far from her mind as reforming the state lines between New York and New Jersey . . she couldn't care less!!

[PyaarRevolution]

23. Let's not forget the direction these rich want us to move towards.

Call it Fascism if you want, but it's Feudalism with a new skin attached. I mean Feudalism worked SOOO well. Yeah it wasn't a shit system where most starved or ate questionable food just to survive and didn't have anything to really call theirs.

[sonofspy777]

9. Fuck no.

Screw her

[Jack Rabbit]

12. This is the silliest stuff I've heard from a presidential candidate since 2000 when

. . . Gee Dubya Frat Boy said he was the "reform candidate."

[SoapBox]

14. Barfo...she makes me sick.

[ViseGrip]

27. she sure does...

[abelenkpe]

16. Shadow banking is something that

Needs to be looked at and discussed. However, the idea that big banks are innocent is laughable.

[azurnoir]

18. well we know hers

her campaign contributors list speak louder than any speech she makes for the common folk

[Geronimoe]

19. Seeing how Bill Clinton created the mess

via ending Glass-Steagall, I would never trust him or his wife to fix anything. It is like asking Bush or Cheney; how they would fix Iraq.

[leftcoastmountains]

20. LOL

Almost 8 years since the their mess and we are still trying to deal with it (Bush/Cheney).
One of the detainees has a book out now. I heard it on NPR this morning.
Unbelievable!

[INdemo]

29. That one statement said it all

Thanks for posting and Welcome

[Blue State Bandit]

21. Swinging at balls that haven't been pitched? Seems legit.

[PatrynXX]

22. Isn't that something Republicans do oh wait nevermind :P n/t

[thereismore]

26. I see what you did there. nt