The Hill: Clinton’s Wall Street plan comes under attack

[portlander23]

The Hill: Clinton’s Wall Street plan comes under attack

Liberals such as Sen. Elizabeth Warren (D-Mass.) have pressed for lawmakers to re-impose Glass-Steagall, which former President Clinton repealed in the late 1990s. The law had required financial institutions to keep their commercial baking operations separate from investment banking.

Liberals, including Clinton's top Democratic challenger, Sen. Bernie Sanders (I-Vt.), argue that Glass-Steagall's repeal contributed to the 2008 financial crisis. Most economists — and the Clintons — reject that argument, saying the end of Glass-Steagall led to more economic growth.

“Given the image of big banks today, it is easy now to take on Wall Street. I was there when it was not so popular,” Sanders said in a statement, without mentioning Clinton by name. “I was proud to lead the fight in the House against repealing the Glass-Steagall Act."

Martin O'Malley said Clinton's plan "falls short on what should be our ultimate goal: preventing reckless Wall Street speculators from backing up their bad bets with taxpayer money."

Robert Borosage, co-director of the liberal Campaign For America's Future, commended Clinton for "seeking to strengthen Dodd-Frank."

He said that the plan is "far less bold than the agenda of Sanders ... or Elizabeth Warren.”

Related:

Sirota and Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two Bankers

Yahoo Politics: Hillary Clinton doesn’t support revival of Glass-Steagall Act

Democracy Now!: Robert Reich on Glass-Steagall and Bernie Sanders

Clinton: Cooperation, not speeches, is needed to regulate Wall Street

Senator Elizabeth Warren - Reinstating Glass-Steagall:

[JaneyVee]

1. Lets see the other candidates plans for comparison.

Because from everything I've read, her plan is being praised by liberal economists and Wall Street watchdogs.

[Fred Sanders]

2. Clinton's plan is NOT being praised by the 1%!

[JaneyVee]

3. I said Wall Street watchdogs and liberal economists.

[askew]

4. O'Malley released a detailed plan that was raved by liberal economists, interest groups.

No one outside of Hillary supporters is praising her weak sauce plan.

[JaneyVee]

5. Who?

[Truprogressive85]

6. Whatever Sanders is for

HRC will come out and say she supports "breaking up the big banks" either during the debates, before the debates, or after the debates.

its Xeroxing as HRC said about than Sen. Obama