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Bubzer

(4,211 posts)
Fri Apr 15, 2016, 12:53 PM Apr 2016

AP FACT CHECK: Hillary Clinton vs. Bernie Sanders on Wall Street

CLINTON: "I'm the only one on this stage who did not vote to deregulate swaps and derivatives, as Sen. Sanders did ... and that contributed to the collapse of Lehman Brothers and started the cascade."


THE FACTS: The legislation in question was signed into law by President Bill Clinton.

SANDERS: "When this campaign began, I said that we got to end the starvation minimum wage of $7.25, raise it to $15. Secretary Clinton said let's raise it to $12. There's a difference."

CLINTON: "I have said from the very beginning that I supported the fight for $15."


THE FACTS: It depends on what the meaning of "minimum" is. Clinton has said she supports legislation that calls for a $12-an-hour wage floor, and would encourage some cities and states to push it as high as $15. The graduated scale is a response to concerns that some localities would not be able to support a $15 minimum without suffering a loss of jobs.

CLINTON: "I stood up against the behaviors of the banks when I was a senator. I called them out on their mortgage behavior."

SANDERS: "Oh my goodness, they must have been really crushed by this."


THE FACTS: Sanders had reason to be sarcastic about Clinton's claim. She has repeatedly cited a speech she gave to the financial industry in December 2007 as proof that she gave Wall Street a dressing-down for its behavior as the sector slipped into crisis. In reality, she delivered a much more mixed message.

Lots more at the link:
http://www.theherald-news.com/2016/04/15/ap-fact-check-hillary-clinton-vs-bernie-sanders-on-wall-street/a4fclb0/?page=2
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