Sanders: ‘If Wall Street does not end its greed, we will’
That would have lawfully divided the commercial banking from investment banking and insurances services.
He also quoted another progressive icon, former U.S. labour secretary Robert Reich, as criticizing Mrs Clinton’s proposals to regulate Wall Street as too weak. The big banks make billions off over overdraft fees alone.
Sen. Bernie Sanders (I-Vermont) on Wednesday questioned whether Democratic presidential front-runner Hillary Clinton had the “courage” to deal with Wall Street. And Bill Clinton had Goldman alums in his inner circle too, including Treasury Secretary Robert Rubin.
During the course of his remarks, the presidential candidate specifically named several companies when talking about what he sees as reckless and monopolistic behavior on Wall Street, including Bank of America, Citigroup, JP Morgan Chase and others.
Clinton pledged that as the president of the United States, she would make Wall Street dynamic and stated that “no bank is too big not to fail and no banker is too important not to jail”.
Clinton does not support reinstating the Glass-Steagall Act, saying that her plan goes after the “shadow banking” system. No”, he said. “Will they begin to play by the rules if I’m president? Bernie Sanders (I-Vt.) and former Maryland Gov. Martin O’Malley. “Of course he’s concerned about shadow banking”. The State Department¿s search for documents during Secretary of State Hillary Clinton¿s tenure contributed to “inaccurate and incomplete¿ responses under federal open records laws, including the existence of her private email account, the agency¿s watchdog will report”.
Democrats say Sanders appears to have made a more emotional connection with his supporters even though polls show him trailing here while Clinton is viewed as the party’s standard-bearer and favorite to win the nomination.
A Bernie Sanders Independent run for President is not something that gets talked about much among Democrats or the mainstream media, beyond this one piece from the Guardian. Gunnel highlighted an analysis from Guggenheim Partners, an investment firm that said Sanders’s agenda would have “radical impacts”. A CNN poll from last month of New Hampshire Democrats found that 70 percent believed Clinton had the best chance of winning in the general election, compared to just 17 percent who picked Sanders.
According to Mr. Sanders, Mrs. Clinton was “wrong” while she opposed his plan to reinstitute the Glass-Steagall Act.
Sanders has repeatedly stirred up doubts about Clinton’s willingness to stand up to corporate interests as she takes in millions of dollars from maxed out executives.
Sanders noted that he intends to take a completely different approach from fellow presidential candidate Hillary Clinton when addressing greed within Wall Street.
“But let me very clear: That result will not happen with establishment politics and establishment economics”, he said.
Sanders’ supporters, many that were bussed from his rally to the dinner event, erupted in cheers and blew into piercingly loud, vuvuzela-like horns at almost every mention of their candidate’s name.
But should she win the primary, Clinton will need to harness the energy of enthusiastic Sanders backers to power her White House bid, leaving her reluctant to go after her opponent with real force. But while she has tagged Sanders’s ideas as simply too costly or unrealistic in other areas (like health care, college financing, and infrastructure), she is making a more assertive case on financial reform.