The Problem With Hillary Clinton Using a Progressive Hero to Attack Bernie Sanders

[marmar]

(The Intercept) Hillary Clinton is using a prominent surrogate to attack Bernie Sanders’ emphatic proposals for reforming Wall Street: Gary Gensler, former chair of the Commodity Futures Trading Commission.

Gensler, who is the Clinton campaign’s chief financial officer, has enormous credibility among financial reformers after his aggressive (and lonely) efforts to rein in banks during the early years of the Obama administration.

As a result, the Clinton campaign has tapped him to fend off Sanders and make the difficult case that Clinton is genuinely interested in cleaning up Wall Street.

Gensler, for instance, delivered a pre-buttal before Sanders’ speech on Tuesday, and deemed it insufficient afterward.

But Gensler’s attacks on Sanders come across as hollow given that the Clinton campaign has been largely silent on the issue that defined Gensler’s legacy – the regulation of derivatives – and the undermining of that legacy by the man Obama chose to succeed him. ................(more)

https://theintercept.com/2016/01/07/the-problem-with-hillary-clinton-using-gary-gensler-to-attack-bernie-sanders/

[NCTraveler]

1. Clinton has gotten enormous praise for her plan.

No issue with her getting her message out using someone well versed.

[Phlem]

28. OMG.

[NCTraveler]

30. It's O'MG!!!!! Happy Friday!!!! Nt

[sonofspy777]

2. A Progressive Hero?

This lying corporatist sack of shit? Really?

Nice Astroturfing



Thanx Playinghardball!

[Art_from_Ark]

13. The words "progressive" and "hero"

both seem to have taken on completely different meanings in recent years.

[Dark n Stormy Knight]

31. Much to our great loss. I fear that the arc of history is no longer bending

toward justice. When we can't, as a society, recognize true progressive and heroism--which would move us all toward a more socially and economically just place, how can we ever hope to get there?

[rhett o rick]

3. I've read her "plan" and I think it's full of rhetoric. Like, "Clinton is also expected to encourage

the SEC to pursue changes that ensure equity markets favor investors over high-frequency traders...". The key word here is "encourage", she will encourage them. That's like driving by Wall Street and shouting out "cut it out".

She doesn't want to bring back Glass-Steagall because it wouldn't do enough. WTF. It was repealed because the banks didn't like the regulation because they wanted to gamble with our money.

Now she wants to tax high frequency traders. LOL. Where did she get that idea. When Sen Sanders recommended that, her supporters cried, and cried that it would harm retirement plans.

[reformist2]

4. The refusal to reinstate Glass-Steagall is the dead giveaway that her plan is garbage.

The notion that somehow the repeal of Glass Steagall didn't matter, is absolute BS.

[rhett o rick]

5. It's also a good example of most of her "plans". They are full of rhetoric and no substance.

If she doesn't think Glass-Steagall, she should provide an explanation. Why is it good for banks to gamble with our deposit money. To simply dismiss it by saying that it, alone, wouldn't solve the problem is bullcrap.

[Ed Suspicious]

8. She, like Republicans, think that no dollar should go unmaximized. Every dollar should be invested

for max gain despite the risks.

[KoKo]

12. Yep...Copied Bernie for much of it and tweaks it as she goes?

[Hekate]

6. This is a problem?

[Uncle Joe]

7. Kicked and recommended.

Thanks for the thread, marmar.

[WillyT]

9. HUGE K & R !!! - Thank You !!!

[Babel_17]

10. "the silence speaks volumes"

Thanks for linking that article. It boils down to politics, wherein people say stuff they might otherwise not say.

[JackRiddler]

11. The former Goldman Sachs man Gensler is not a "progressive hero"

The problem in other words belongs to the writer, David Dayen.

Dayen on Gensler, of Goldman Sachs:

"When he was at the Treasury Department in the Clinton administration, Gensler worked to ban derivatives regulation..."

Enough said! Nothing he does after that can possibly make up for the damage!

He did a good thing or two after that, but such a move permanently disqualifies him from being posed as a "hero." His word has no special authority.

[KoKo]

14. Gensler is one of those who "Tests the Wind Blowing with his Finger in the Air."

That was from an article about Gensler and why he seems to be "Non-Partisan" and that "Everyone can find something they can agree with in what he says..."

I don't have the link...sorry, and it's from memory. But, we've seen a lot of these "Insiders" who tend to "adjust their views" and "nuance" according to which candidate they are supporting that they think will give them a position in their Administration or gain them Status with their Peers.

Not that he isn't entitled to his opinion or that he might have revised his views...but, that we need to be wary of those who are important enough to get quoted who have stature in our political system who will often just "follow the wind" in their opinions when it suits them and their personal interests.

[DhhD]

15. It is my understanding that the Clinton Team of the late 1990s went on to strengthen and

further develop, third way. This team worked with Republicans in Congress to put the finishing touches on the removal of Glass-Steagall and privatize everything that was not specifically government-FAIR public law.

[KoKo]

17. That's pretty much what the record says. And, we have how many decades

to verify that this is correct from the record of Legislation under Clinton?

[ozone_man]

21. It's best to take the measure of one

when they are tested. That was a major failure, to "work to ban derivatine regulation." But that meshes with the Clinton's (Bill) signing away Glass-Steagall. They lie in the same bed.

[onecaliberal]

16. He is a WallStreet friend, not foe. Spare us.

[Spitfire of ATJ]

18. "....the campaign declined to comment."

[Yallow]

19. Goldman Sachs Officer = Progressive Hero? Bull - GS Killed Millions

Only the greediest murdering scumbags ever born work for Goldman Sachs.

Goldman Sachs is the poster child of what is wrong with our country and our planet.

They (Goldman Sachs) would kill a billion people for a nickel a share, and not have one second thought.

http://www.democraticunderground.com/10027509284

And I am sure one candidate is loading up her staff with their minions.

https://theintercept.com/2016/01/07/the-problem-with-hillary-clinton-using-gary-gensler-to-attack-bernie-sanders/

Shame on you Hillary. Calling yourself a progressive while stroking Goldman Sachs the murderer of millions.

[Yallow]

20. Sorry, Forgot Link

Forgot Link. My bad.

http://www.independent.co.uk/voices/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html

[Fawke Em]

22. I'm progressive and he never was my hero.

His protests are a bit hollow.

That said, I enjoyed the article.

[RoccoR5955]

23. Progressive hero according to who?

The third wayers? The conservatives? The neo-liberal capitalists?
I wonder.

[Yallow]

24. The Corporate Rapists Of Course

He's the bankster hero.

He got them all a get out of jail free card.

Yayyyyy!!!!

[INdemo]

25. Yes this guy

Gensler, former chair of the Commodity Futures Trading Commission,when Hillary made those questionable trades (1994)without the standard investment earned $6,000 overnight and then went on that year to earn over $100,000 on the mercantile commodities trades, something unheard of for a rookie investor.
Its all here

http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm

Perhaps we will be hearing form these progressive's also
Larry Summers and Tim Geithner,former Golman Sachs mafia members ,or maybe we could hear from the progressive
current Goldman Sachs CEO Lloyd Blankfein. Perhaps he could tell us exactly what he did when Hillary told them to
"Cut it Out"

[Historic NY]

27. And nothing was illegal....

[INdemo]

29. It looked and smelled alot like insider trading but I think we could

classify it as a bit illegal when the number of contracts that were traded for normally required a 12,000 investment but she only put up $1,000. Could you or I have gotten away with that? Read the WP link and I think it should answer many of your questions.

http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm

I cannot believe the lengths you Hillary fans will go to to try and legitimize her questionable dealings or her huge speaking fees from all those corporations that are now a huge part of her campaign funding.

If you would like i will provide you with a YouTube link that explains her dealings in great detail.

[INdemo]

32. Yes ..believe there was read the WP article