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 partys most prodigious donors come from the financial industry and dont much care for its vilification. And Bill Clintons 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............