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99th_Monkey

(19,326 posts)
Sat Feb 6, 2016, 01:12 AM Feb 2016

Please give this OP a boost, this article badly needs exposure. (Plz. Read the whole thing)

An excerpt:

The Clinton argument goes: No way could Bernie break up the banks. Only a pragmatic, moderate insider can get anywhere.

Actually the truth is exactly the opposite. American insider politics is now so corrupt that nobody within it can get anything done. But by stepping outside of the rules, you could do a great deal. Let's take a concrete example - the banks.


http://www.democraticunderground.com/?com=view_post&forum=1251&pid=1153802
7 replies = new reply since forum marked as read
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Please give this OP a boost, this article badly needs exposure. (Plz. Read the whole thing) (Original Post) 99th_Monkey Feb 2016 OP
K&R geardaddy Feb 2016 #1
When We Stand Together - No Citizen Need Settle For The Lesser Of Two Corporate Evils - Go Bernie Go cantbeserious Feb 2016 #2
Enthusiastic k&r. Euphoria Feb 2016 #3
K&R. Must read. Really thoughtful article about the decision we have to make. JDPriestly Feb 2016 #4
Clintons' "chrony capitalism: corrupt, arrogant, and predatory" Divernan Feb 2016 #5
done K&R Mbrow Feb 2016 #6
K&R (eom) Autumn Colors Feb 2016 #7

Divernan

(15,480 posts)
5. Clintons' "chrony capitalism: corrupt, arrogant, and predatory"
Sat Feb 6, 2016, 03:43 AM
Feb 2016
Thus Hillary Clinton and her husband, along with many others, are increasingly trapped by the wealth, credentials, and insider status they have pursued so fervently - because they derive from a corruption whose nature and consequences can no longer be concealed.

OK, Hillary ain't so great. But could Bernie do any better? Well, he could appoint an Attorney General and a head of the DOJ Criminal Division who haven't spent their careers defending corporate criminals, and then invite the Justice Department to put lots of bankers in jail. (There is overwhelming evidence to justify doing so; for details, read this, or chapter 6 of this.) Bernie could also appoint an Antitrust Division head who would actually investigate the cozy, cartel-like arrangements that pervade finance, and bring major cases against the banks. He could appoint a Federal Reserve chair who would require banks to divest assets and operate safely, plus regulating bankers' compensation so that if you caused a disaster, you couldn't profit from it. All this can be done without a single new law, and both Bill Clinton and Obama could have done them too.

http://www.huffingtonpost.com/charles-ferguson/hillary-clinton-bernie-sa_b_9172128.html

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