2016 Postmortem
In reply to the discussion: Blaming Sanders: Why Democratic Party Unity is Officially Impossible [View all]think
(11,641 posts)Banks that rig markets, cheat their customers, and deceive congress.
She already proclaims that a new version of Glass Steagall is not necessary to break up to big to fail banks. Banks that routinely violate the law while growing ever bigger even after being called too big to fail during the last crisis.
http://nymag.com/daily/intelligencer/2016/04/goldman-sachs-admits-it-defrauded-investors.html
http://www.reuters.com/article/us-banks-rigging-lawsuit-idUSKCN0WU1E8
http://www.bloomberg.com/news/articles/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says
http://www.cnn.com/2016/02/05/politics/hillary-clinton-bill-clinton-paid-speeches/
5 too big to fail banks can't pass Dodd Frank living will requirements currently which is suppose to be a requirement that if not met these banks should be broken up. But the banks are now given an extension and the regulators are suggesting the rules be watered down so the banks can pass the test.
by David Goldman @DavidGoldmanCNN
April 13, 2016: 9:19 AM ET
Five major U.S. banks are in violation of Dodd-Frank rules that are meant to prevent "too big to fail" institutions from causing another financial crisis.
Federal banking regulators rebuked JPMorgan Chase, Bank of America (BAC), Wells Fargo, Bank of New York Mellon (BKPRC) and State Street (STT) for their so-called living wills -- bankruptcy plans in the event of a failure.
The Dodd-Frank rules apply to banks with assets of $50 billion or more. Each bank has to outline its plans for a quick and orderly bankruptcy in the event that it encounters severe financial distress or if the company goes under.
But the Federal Reserve and the FDIC said the living wills of America's largest banks were "not credible or would not facilitate an orderly resolution" under the standard established in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The regulators warned that they will hit the banks with even more stringent requirements unless each of them get up to code by October 1.
Goldman Sachs (GS)' and Morgan Stanley's (MS) living wills were also found to be deficient, but regulators did not specifically outline plans for bringing them up to snuff. Citigroup's plan was approved, despite some shortcomings that the bank must address.
Read more:
http://money.cnn.com/2016/04/13/investing/dodd-frank-banks-living-wills/
http://www.bloomberg.com/news/articles/2016-04-13/five-big-banks-living-wills-rejected-by-u-s-banking-agencies
Hillary is taking millions in INCOME from a health care industry that doesn't want universal healthcare. She was paid 6 figures for a speech to a health care association that is actively fighting single payer in Colorado. Meanwhile the US is the only one of the 25 wealthiest nations not providing universal healthcare for it's people.
http://www.politifact.com/virginia/statements/2015/sep/01/dan-gecker/dan-gecker-says-us-only-wealth-nation-without-univ/
https://theintercept.com/2016/01/13/hillary-clinton-single-payer/
http://www.democraticunderground.com/12511817230
And that's just getting warmed up in regards to Hillary's blatant potential conflicts of interest with mega corporations in America.
So please do open your eyes and see that Hillary has chosen to take tens of millions in INCOME for speeches from mega banks and corporations that have powerful influence already over our govt and lives.
It may be too late. She may be the Democratic nominee for president. But to act like she's not taking massive amounts of income from powerful corporate interests is just naive.
Don't expect the too big to fail banks to be properly regulated. Expect their interests to be represented over the interests of the American people.
Expect the Hillary will not fight for or inform the American people about the universal healthcare the rest of the modern world already has and enjoys. Hillary has already made it clear that if she's president single payer will NEVER happen.
So pardon me if I'm less than thrilled that someone that corrupted by the se large corporations may be our nominee...