Bernie Sanders to warn Wall Street: ‘Greed is not good’
http://www.marketwatch.com/story/bernie-sanders-to-warn-wall-street-greed-is-not-good-2016-01-04?siteid=YAHOOB
Democratic presidential candidate Bernie Sanders on Tuesday will seek to cast himself as Wall Street’s toughest cop and rebut criticism from the Clinton campaign that his policies aren’t comprehensive enough.
In a policy speech on Tuesday in New York City -- just blocks away from Wall Street itself -- Sanders is expected to lay out more details of his plan to crack down on the industry. He will reiterate his calls for breaking up banks that are too big to fail and to reinstate the Glass-Steagall Act, which separated commercial and investment banking. Hillary Clinton, his chief rival and the front-runner for the Democratic nomination, opposes that measure.
“To those on Wall Street who may be listening today, let me be very clear,” Sanders will say, according to prepared remarks provided by his campaign. “Greed is not good. Wall Street and corporate greed is destroying the fabric of our nation. And, here is a New Year’s Resolution that we will keep: If you do not end your greed we will end it for you.”
Sanders has made curtailing what he calls Wall Street greed a focus of his campaign. He also has questioned whether Clinton, a former New York senator, can effectively police many of the same people and companies who have paid her and her husband large sums for speeches and in campaign contributions. In the second Democratic presidential debate, she struggled to explain her ties to Wall Street donors...
= new reply since forum marked as read
