‘Break Em Up!’: Sanders Speech Takes Aim at Big Bank Greed

“In fact, the greed of Wall Street and corporate America is destroying the very fabric of our nation”. And Clinton is vulnerable on the issue.

“In 2008, the taxpayers of this country bailed out Wall Street because we were told they were ‘too big to fail, ‘” Sanders said.

Drawing on his standard stump speech, but with the ear-piercing clamor of vuvuzela-blowing supporters filling a ballroom at the MGM Grand, Sanders said that Democrats will only win if they can drive up voter enthusiasm and turnout, something that only he can do. “I’ll have your back”, Clinton said.

The dispute centers on the regulation of so-called “shadow banks”-large institutions like AIG, Lehman Brothers, and Bear Stearns who were not subject to the same rules as big commercial banks that take deposits”. Sanders, after all, only hired a state director here in October, while the Clinton campaign has had staff in the state since last April.

Sanders’ supporters were by far the noisiest and most vocally enthusiastic from long before the candidates emerged. The Sanders campaign is falling behind, while Clinton is gaining.

Debnam contended that the New Hampshire primary may come down to how many non-Democrats Sanders “can get to come out and choose to vote in the Democratic race rather than the Republican one that’s drawn a lot more interest”. Elizabeth Warren (D-Mass.) to reinstate the Glass-Steagall Act, which separated commercial and investment banking.

Sanders vowed to break up large banks as president and end “Too Big To Fail”. I think we can do that. The new Glass-Steagall Act that Sanders supports, he said, “would strike at the heart of shadow banking” because it would prohibit those firms from getting their financing from commercial banks.

“While it makes for great political theater, there is zero chance of breaking up the large banks”, Greg McBride, chief financial analyst at Bankrate.com, said.

STEPHANOPOULOS: Senator Sanders, thanks for joining us this morning. “Senator Sanders doesn’t take his advice from a former Goldman Sachs executive who supported the repeal of Glass-Steagall during the Clinton administration”, he said of Gensler.

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.

STEPHANOPOULOS: And you’ve also said that you’re upset that the leaders of those financial institutions, some did not go to jail.

The politics of Clinton’s play are fairly easy to divine.

Liz Kransky, a bartender from Sanders’ adopted home state of Vermont who now lives in Las Vegas, said she will be caucusing for the first time for Sanders.

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. “If you do not end your greed, we will end it for you”. He said Clinton had not demonstrated that she could properly control misbehavior in the financial industry. He argues that it’s a small price to pay for the expansion of paid family and medical leave benefits that’s part of the bill while Clinton says she will pay for the same programs with increased effective tax rates on the wealthy and corporations. The central theme of Sanders campaign, from the very beginning, has been reforming our crooked financial system.

Still, the former secretary of state also faces an energized opposition – many of them younger voters and caucuses who she will need if she is the nominee.