Bloomberg: Hillary Clinton Tries to Walk Delicate Line in Plan to Rein In Banks
Last edited Fri Oct 9, 2015, 09:11 AM - Edit history (1)
Bloomberg: Hillary Clinton Tries to Walk Delicate Line in Plan to Rein In Banks
Call it Hillary Clinton’s Wall Street dilemma.
In unveiling her most specific plans yet to stiffen rules on financial firms, Clinton’s presidential campaign is aiming to shore up her standing with the liberal base of the Democratic party that has made getting tough on the industry a near litmus test for their support.
At the same time, the Democratic frontrunner’s move was greeted with a shrug by many bankers because it stopped short of the calls by Vermont Senator Bernie Sanders, her closest rival for the party’s nomination, to break up the biggest lenders.
Still, much of the document has left progressive groups underwhelmed and wondering how as president Clinton would back up her words.
“Throwing out a few ideas isn’t enough without knowing who she’ll appoint to top law enforcement and regulatory positions,” said Jeff Connaughton, a former lobbyist and Senate aide who wrote a book on Wall Street’s power in Washington. “I’m very skeptical she’ll name anyone other than the usual suspects.”
“It’s a political stunt and a headline-grabber,” said Joe Saluzzi, a partner at Themis Trading LLC.
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
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