The Whistleblowers’ Plan Offers Hillary the Perfect Opportunity
Posted on February 11, 2016
William K. Black
February 10, 2016 Bloomington, MN
I am writing as one of the four founding members of Bank Whistleblowers United. We came together recently to create a detailed plan that could restore the rule of law to Wall Street and dramatically reduce the risk and damage of future financial crises. We crafted it so that it could be implemented without any new legislation or regulation. We offered our aid in the implementation process to any candidate who wins the election and pointed out that President Obama could implement it immediately. Our plan and approach virtually defines the word pragmatic. It would also transform finance and begin to end its corrupt culture.
In response to Bernies big election win in New Hampshire, a political scientist rushed out a piece in the New York Times advising Hillary how to do a PR makeover. His advice was peddling pragmatism, by which he meant the opposite an effort to rebrand Hillary through slogans. The political scientist does, however, understand Hillarys key liability the one that Krugman was foolish enough to think was an asset she often sounds as if she were acquiescing to a status quo that Democrats find objectionable. Actually, she is acquiescing to a status quo that is objectively far beyond objectionable. It isnt simply Democrats that find it unacceptable for a pervasively corrupt Wall Street to maintain its destructive power over our economy and our democracy, that view is shared by the vast majority of Republicans and independents.
Hillary does not sound as if she is acquiescing to Wall Streets stranglehold. Hillarys most prominent economics supporter, Krugman, urged us to vote for her because Hillary will not seek to break Wall Streets corrupt power. Paul Krugman, in an article meant to attack Bernie Sanders, accidentally misfired and shot Hillary Clinton when he admitted that Dodd-Frank did not even try breaking [Wall Streets] power over our economy and democracy and praised that failure. Hillarys fundamental problem is that after an adult lifetime in which she and Bill formed a mutual support society with Wall Street few find her claims to a Road to Damascus conversion credible. In the last debate, when trying to demonstrate how tough she was on Wall Street the best she could muster was to call the elite bankers frauds that caused the Great Recession shenanigans childish pranks.
Endorsing our plan to restore the rule of law to Wall Street is the perfect opportunity for Hillary to embrace pragmatism and credibly demonstrate that she refuses to acquiesce to Wall Streets continued corrupt power over our economy and our democracy. She simply has to pledge to implement our plan to demonstrate that she has embraced pragmatic, vital change that will break Wall Streets dangerous power over our economy and democracy.
in full: http://neweconomicperspectives.org/2016/02/whistleblowers-plan-offers-hillary-perfect-opportunity.html
Autumn Colors
(2,379 posts)Jefferson23
(30,099 posts)Autumn Colors
(2,379 posts)said in my best "female imitating Han Solo" voice.