2016 Postmortem
In reply to the discussion: Bernie Needs To Go Away [View all]puffy socks
(1,473 posts)Clinton veto would have been over ridden and it was a GOP bill.
Bernie still voted for it the CFMA he gets no excuses --just as Bernie's camp holds everyone else to. You made the standard you live by it.
Hillary is correct reinstating Glass Steagall wont solve the problem --the exact same problem was avoided in mid 90s when the bankers got together to thwart it with Greenspan, Summers, and Rubin. and guess what? Glass Steagall was still in effect at that time. So obviously reinstating it isn't going to solve the problem.
"opting instead to better regulate speculators, whatever that means"
It means regulating the different kinds of collateral backed securities etc. and the CDSs that were supposed to insure defaults were covered..obviously you don't care enough to actually analyze the problem. You'd just rather bandwagon bash Hillary and continue the dumb idea that breaking up banks doesn't touch the systemic problem. It also would add to the cost of banking for customers because of undoing cost effective synergies.