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riversedge

(69,721 posts)
Fri Oct 9, 2015, 06:10 AM Oct 2015

How Hillary Clinton Would Regulate Wall Street





Financial Reform
How Hillary Clinton Would Regulate Wall Street


How Hillary Clinton Would Regulate Wall Street


http://www.nytimes.com/2015/10/09/upshot/how-hillary-clinton-would-regulate-the-too-big-to-fail-banks.html?_r=0

OCT. 8, 2015

Neil Irwin



Nothing exposes the chasm between the activist wing and the donor class of the Democratic Party like the regulation of Wall Street.

The desire to assail too-big-to-fail-banks energizes the left and has propelled Senator Elizabeth Warren and the presidential campaign of Bernie Sanders. But some of the party’s most prodigious donors come from the financial industry and don’t much care for its vilification. And Bill Clinton’s administration oversaw the deregulation on Wall Street.

All that makes the question of how Hillary Clinton would regulate the financial sector a crucial test of her campaign to win the Democratic nomination. With a plan that is to be released Thursday, we get a first glimpse of how she walks that balance beam.


The short version: Directionally, Mrs. Clinton favors more intensive regulation of Wall Street than what is in place now. Bank executives and lobbyists will find little to like in her plan. But her approach stops short of the wholesale breakup of too-big-to-fail banks favored by Mr. Sanders and Mrs. Warren. She would prefer instead to take the philosophical approach embodied in the 2010 Dodd-Frank financial reform act a few steps further............
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How Hillary Clinton Would Regulate Wall Street (Original Post) riversedge Oct 2015 OP
She has a plan. Thinkingabout Oct 2015 #1
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