Sanders: “Real Wall Street reform means breaking up the big banks”

“Greed is not good”, Sanders plans to say, according to excerpts of his remarks.

Pushing for more regulation of Wall Street, Sanders ripped regulators’ ability to keep a handle on the United States’ largest financial institutions, including those that constitute the so-called shadow banking system, that act as intermediaries for many of Wall Street’s commercial and investment banks. No. Will they begin to play by the rules if I am president? 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”. And as Sanders prepared to detail his own proposals on Clinton’s home turf Tuesday, her campaign launched an unusual pre-emptive attack by releasing an aggressive statement from her chief financial officer, Gary Gensler, a former top regulator at the Commodity Futures Trading Commission. He urged increased penalties for financial fraud or malfeasance by institutions, calling fraud the business model of Wall Street. “Under my administration”, Sanders declared, “we will turn for-profit credit rating agencies into non-profit insitutions, independent from Wall Street“.

She said Bernie Sanders is tackling thorny issues no other candidate would touch, such as “single-payer health care and making criminals pay even when they wear nice suits and work on Wall Street“.

“I think her [Clinton’s] message is not an accurate one”, Sanders said. “Let me be very clear and be a little bit political here”.

“Hillary Clinton and Bernie Sanders have been within two to three points of each other on our last two New Hampshire polls”, said PPP President Dean Debnam.

Mr. Sanders said that Ms. Clinton was “wrong” to oppose his plan to reinstitute the Glass-Steagall Act, which would legally separate commercial banking, investment banking and insurances services.

Sanders will also point out that JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co are almost 80 percent bigger than when they accepted money from the USA government during the 2008 bailout. And Bill Clinton had Goldman alums in his inner circle too, including Treasury Secretary Robert Rubin.

He, Clinton and O’Malley all share the goal of defeating Republicans and “right-wing extremism”, Sanders said. Will they like me?

Clinton’s campaign chairman, former Obama adviser John Podesta, called on Sanders to join Obama and Clinton by taking on the issue of liability for gun manufacturers whose firearms are used in a crime. Noting the interest on Sanders among the younger voters, Peter Dreier, a professor of politics at Occidental College said younger voters “may not be willing to entertain a whole new system, but are open to a profound critique of the current one”.

Sloan Hickson, a first-time voter from Henderson, Nevada, said he had come to the dinner with his mother, a Clinton supporter, to see what the different options were.

“We believe the most likely outcome if a Democrat wins the White House are negative actions for big banks and big nonbanks. Wall Street and their lobbyists regulate Congress”. Her effort appears to be bearing fruit, with Iowans saying she came across as simultaneously more confident and congenial than during her 2008 campaign.

Born in the borough of Brooklyn in New York City, 74-year old Sanders graduated from the University of Chicago in 1964.