‘Clinton Is Wrong’: Bernie Sanders, In New York, Rips Apart Wall Street and His Rival
-snip-
Declaring that “greed is not good” and Wall Street’s “fraud” and “dishonesty” had sunk the American economy, Sen. Bernie Sanders of Vermont vowed to aggressively regulate and reform the financial industry, building on many of the themes he has espoused during his insurgent campaign.
Mr. Sanders, reflecting an ongoing shift in the campaign as the first primaries and caucuses grow near, blasted Hillary Clinton, his top rival, for proposing overhauls of Wall Street that some liberals say don’t go far enough.
“Greed, fraud, dishonesty and arrogance, these are the words that best describe the reality of Wall Street today,” Mr. Sanders, an independent and self-described democratic socialist, said today at Town Hall in Midtown, just a few miles from Wall Street. “So, to those on Wall Street who may be listening today, let me be very clear. Greed is not good. In fact, the greed of Wall Street and corporate America is destroying the fabric of our nation.”
Mr. Sanders took aim at large financial institutions which had received bailouts following the 2008 crash, calling for so-called “too big to fail” banks to be eliminated. He said that within the first 100 days his administration, he would require the secretary of the Treasury Department to establish a “too big to fail” list of commercial banks, “shadow” banks and insurance companies whose failure would pose a “catastrophic risk” to the United States economy without a taxpayer bailout. Within a year, he said, he would break up these institutions.
http://observer.com/2016/01/clinton-is-wrong-bernie-sanders-in-new-york-rips-apart-wall-street-and-his-rival/
= new reply since forum marked as read
