Bernie Sanders: Hillary Clinton ‘Wrong’ on Great Recession Financial Crisis
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.
Is Wall Street beginning to “feel the Bern” yet?
“Today, we don’t need the hellfire and the pitch forks, we don’t need the rivers of boiling blood, but we do need a national usury law”.
Katrina Brown, a union electrician from north Las Vegas, said that she had also been impressed by O’Malley’s speech, saying that he had come across as “someone who gets things done”.
Sanders vowed to break up large banks as president and end “Too Big To Fail”. Incredibly, the six largest banks in this country issue more than two-thirds of all credit cards and more than 35 percent of all mortgages. She wants to reinstate Glass-Steagall, which President Bill Clinton repealed in 1999, and would break up big banks.
U.S. Democratic presidential candidate Hillary Clinton on Tuesday outlined her plan for dealing with autism, which affects millions of Americans and their families, calling for nationwide screening and a ban on the use of physical restraints in schools. Clinton says her plan is tougher because it addresses risk in the shadow banking sector.
Many economists question whether that law would have prevented the crisis, given that many financial institutions that failed, including Lehman Brothers and Bear Stearns, were investment banks and their failure wouldn’t have been prevented by Glass-Steagall. “Elizabeth Warren, aims at the heart of the shadow banking system”, Sanders said during his speech Tuesday.
After an hour of rowdy back and forth between the two sides at the Nevada Democratic Party’s “Battle Born Battleground” dinner, a disembodied voice called out a reminder to the crowd: “Remember to respect all the candidates as they do their speeches”.
Sanders has made regulating Wall Street a focus of his primary bid, with calls to curb the political influence of “millionaires and billionaires” at the core of his message. No. Will they begin to play by the rules if I am president? “Clearly believes that she can make the pitch she’s far more electable than you are”.
Copyright 2016 NPR. To see more, visit http://www.npr.org/. But first, this breaking news overnight from North Korea. NPR’s Jim Zarroli reports. And here, just a few blocks from some of the world’s biggest banks, he let loose again.
But what’s interesting in the divide over financial regulation is that while Clinton has adopted some of the more popular items on the progressive wish list-debt-free college, expansive proposals on immigration, gun-control, and criminal-justice reform-she is relying on a wonkier approach to Wall Street reform. Unfortunately, while her D.C. knowhow would definitely be a strength once she’s in office (one a President Sanders would lack), it’s not the sort of thing that excites voters. After the financial crisis, he said, the Fed had acted urgently to rescue the big banks. “We’ll have to lean on China”, Sanders said of American strategy.
Hillary Clinton is trying to turn the tables on Bernie Sanders.
“I have yet to recover from Trump’s shock that women go to the bathroom, I’m still recovering from that”, Sanders said.
SANDERS: Will the folks on Wall Street like me? What do you think? But by what he says, he means – he’s no-nonsense. She also urged her supporters to think about what a Republican presidency would be like, and cast her self as the best Democrat to stop that possibility.