He wants to pass what he called a “21st century Glass-Steagall Act” that would restore the boundaries between commercial and investment banking and has praised Warren in his campaign against big banks.
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Sanders has belittled Clinton’s claims that she told Wall Street bankers to “cut it out” when she was in the Senate. Bernie Sanders (I-VT) sounded off on how large banks that were considered to be “too big to fail” seven years ago are now even bigger and how that poses a threat to the American economy.
“Your choice in the caucus really matters”, said Hillary Clinton, speaking first at the “Battle Born Battleground” Dinner hosted by the state party.
But don’t take the Arkansas senator too seriously: Cotton has had harsh words for Sanders in the past.
Sanders also said he will fight to cap ATM fees at $2, cap interest rates on credit cards and loans at 15 percent, establish modest banking services at post offices, and turn credit rating agencies into non-profits that are committed to accurately rating financial products, and are not beholden to Wall Street.
Gensler’s missive got the attention of Sanders, who devoted a big chunk of his speech on Tuesday to rebutting the Clinton campaign’s argument.
He also quoted another progressive icon, former U.S. labour secretary Robert Reich, as criticizing Mrs Clinton’s proposals to regulate Wall Street as too weak. He said that JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co are almost 80 percent bigger than when they accepted money from the USA government during the 2008 bailout.
STEPHANOPOULOS: But so numerous problems were created by the banks that weren’t under Glass-Steagall.
“She was giving us an opportunity to talk with her”, he said. But voters here haven’t had much exposure to either candidate, and a big win by Sanders in an early voting state could shake things up.
“It’s just not time for me to do that yet”, she said.
“I honestly didn’t even know that Nevada was a caucus state until I got involved with the Bernie Sanders’ campaign”, she said.
“I doesn’t concern me at all”, Sean Dolstad, a graphic designed from Las Vegas, said bluntly, reflecting what many of his Sanders supporting brethren said on Wednesday. The Sanders campaign said there was “zero daylight” between Obama and the senator and has argued that Sanders was re-evaluating his position on the gun manufacturer liability law he voted for in 2005.
The former Secretary of State has repeatedly faced criticism for her longstanding ties to Wall Street. Gunnel highlighted an analysis from Guggenheim Partners, an investment firm that said Sanders’s agenda would have “radical impacts”.
The third major Democratic candidate, former Maryland Gov. Martin O’Malley, has trailed Clinton and Sanders by a wide margin but won cheers from the crowd with a series of slams against the Republican presidential field.
The politics of Clinton’s play are fairly easy to divine.
So far, Democratic primary voters – including some Sanders voters – are far from convinced.
Mr. Sanders reiterated his focus on the working class on Tuesday, saying that poorer Americans needed more affordable banking options and that banks must stop taking advantage of vulnerable people.
Both Clinton and Sanders have sought to build upon the 1993 Family and Medical Leave Act, a law signed by President Bill Clinton that required employers to offer workers up to 12 weeks of unpaid family and medical leave.
It’s a direct hit at Hillary Clinton.
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Sanders’ team has pointed to more recent Quinnipiac polling in December showing him beating Republican front-runner Donald Trump by thirteen points, compared to Clinton’s seven point edge in a hypothetical matchup.
