Go Ahead, Back Hillary Clinton and Forget All About Her Record--Ouch!

[pinebox]

Well, this is a pretty harsh article to say the least.

Go Ahead, Back Hillary Clinton and Forget All About Her Record
http://www.truthdig.com/report/item/go_ahead_back_hillary_clinton_and_forget_all_about_her_record_20151009#14447461469131

One key piece of that betrayal was the reversal of the New Deal wall between commercial and consumer banking, codified in the Glass-Steagall Act, which Franklin Roosevelt had signed into law. When Bill Clinton betrayed the legacy of FDR by signing the so-called Financial Services Modernization Act of 1999, he handed the pen used in the signing to a beaming Sandy Weill, whose Citigroup had breached that wall and commingled the savings of ordinary folks with the assets of private hustlers—a swindle made legal by Clinton’s approval of the legislation.

Hillary Clinton, in her statement this week, made clear that in opposition to positions taken by Bernie Sanders, Elizabeth Warren and even John McCain she will not revive Roosevelt’s sensible restriction if she is elected.

Instead, Clinton blamed Republicans for the fact that “In the years before the crash, as financial firms piled risk upon risk, regulators in Washington couldn’t or wouldn’t keep up.” How convenient to ignore that Citigroup, the result of a merger made legitimate by her husband, was one of the prime offenders in piling up those risks before taxpayers provided $300 million in relief.

Brooksley Born, a head of the Commodity Futures Trading Commission in Clinton’s second term, made a heroic effort to regulate the nefarious marketing of dubious mortgage debt securities until Bill Clinton betrayed her by signing off on legislation that explicitly banned any regulation of those suspect mortgage derivatives, involving many trillions of dollars.

Ouch! Now that's going to "Bern".

[peacebird]

1. Ouch indeed!

[MineralMan]

2. Hmm...that sounds like Bill Clinton's record, not Hillary's.

Hillary Clinton says she has a plan for something better than Glass-Steagall. I haven't seen it, so I don't know what it says, but she didn't really have anything to do with overturning it. She wasn't in any office at the time.

Bill Clinton is not on the ballot for 2016.

[leftupnorth]

3. He is when it's convenient and he's not when it's inconvenient.

Funny how that works.

[jeff47]

4. She claims her time as First Lady as part of her vast eperience

Which brings a lot of Bill Clinton's presidency into her campaign. In addition, it means her public actions during Bill Clinton's presidency become germane to the campaign.

She was fine with the Glass-Steagall repeal until very recently. And there's no opposition to the repeal in her public record until very recently. Including during her 2008 campaign. As a result, there's little reason to believe she opposed it.

As for her plan, if she wanted to rebuild the firewall from Glass-Steagall, she can say that she wants to rebuild that firewall. She doesn't have to create a false dichotomy where the only options are everything in Glass-Steagall or nothing in Glass-Steagall.

[sabrina 1]

5. 'Two for the price of one'! That's how they ran. And many people liked that idea. She was changing

the role of First Ladies, and for women, since we never have had Female President, this was very exciting. And she did play a huge role in Clinton's administration. Which she has proudly written and talked about down through the years.

AND since she is using her time as First Lady and all of what she refers to as 'her accomplishments' during that period, as part of her 'experience' in public life, unless there is something to demonstrate that she disagreed with onis the deregulation of the Banks, we have only her own word on how proud she is of her husband's record.

Btw, what is her plan that is 'better than Glass Steagal'?