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Tue Jan 5, 2016, 03:29 AM

 

Top Clinton aide blasts Sanders' Wall Street proposals

http://finance.yahoo.com/news/top-clinton-aide-blasts-sanders-213341716.html

A top aide to Democratic presidential front-runner Hillary Clinton on Monday criticized rival Bernie Sanders' proposals to regulate Wall Street as doing nothing to address some of the riskiest financial institutions...Clinton's chief financial officer, Gary Gensler, a former chair of the Commodity Futures Trading Commission, said in a statement that Sanders should "go beyond his existing plans" to break up too-big-to-fail banks and endorse a risk-based approach that also deals with non-bank financial institutions.

"Any plan to further reform our financial system must include strong provisions to tackle risks in the 'shadow banking' sector, which remains a critical source of instability in our economy," Gensler said.

"This includes certain activities of hedge funds, investment banks like the now-defunct Lehman Brothers, and insurance companies like AIG," Gensler added, calling them some of the "biggest culprits" of the 2008 financial crisis.


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...Sanders, who is Clinton's chief challenger for the Democratic nomination for the November 2016 election, will deliver what his campaign is calling a "major policy address" on Wall Street reform in New York on Tuesday...

"Senator Sanders won't be taking advice on how to regulate Wall Street from a former Goldman Sachs partner and a former Treasury Department official who helped Wall Street rig the system," Sanders campaign spokesman Michael Briggs said, referring to Gensler's past positions.


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Reply Top Clinton aide blasts Sanders' Wall Street proposals (Original post)
Proserpina Jan 2016 OP
FreakinDJ Jan 2016 #1
delrem Jan 2016 #2
Scuba Jan 2016 #3
Doctor_J Jan 2016 #4

Response to Proserpina (Original post)

Tue Jan 5, 2016, 06:16 AM

1. Spoken like a true sell-out to Wall St

 

Honestly Vulture Capitalism isn't that bad

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Response to Proserpina (Original post)

Tue Jan 5, 2016, 06:46 AM

2. The question is, who are we to believe? Hillary Clinton? Really?

That's it?
With no explanation of why she's Wall St's darling?

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Response to Proserpina (Original post)

Tue Jan 5, 2016, 08:53 AM

3. "Shocking" said absolutely no one.

 

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Response to Proserpina (Original post)

Tue Jan 5, 2016, 10:31 AM

4. What is left out of this is that Bernie will try his best to get his plan implemented

 

Hillary will cave in, if she actually was going to try it at all. The wall street big shots already said they would be ecstatic if Clinton or Bush wins the white house.

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