Mr Sanders said on Tuesday that, if elected, “Goldman Sachs and other Wall Street banks will not be represented in my administration”. And Clinton is vulnerable on the issue.
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“Hillary Clinton and Bernie Sanders have been within two to three points of each other on our last two New Hampshire polls”, said PPP President Dean Debnam. But the attacks on Clinton marked an escalation in his offensive against the Democratic front-runner.
Clinton has endorsed an approach that would break up large banks that take excessive risks. And the senator implicitly criticised Ms. Clinton for being a patron of bankers when he pointed to their huge campaign donations and noted that they “provide very generous speaking fees to those who go before them”.
No bank should be too big to fail, Sanders argued, while pointing out that that America’s six largest banks are now even larger than they were before the 2008 housing crisis-and the taxpayer bailout that followed. “It came from the federally-insured bank deposits of big commercial banks – something that would have been banned under the Glass-Steagall Act”.
Clinton pledged that as the president of the United States, she would make Wall Street dynamic and stated that “no bank is too big not to fail and no banker is too important not to jail”.
“This is not consistent with who we are as a country”, O’Malley said.
“Legislation must be passed which undoes the damage caused by excessive de-regulation”, Sanders said on September 19.
“While it makes for great political theater, there is zero chance of breaking up the large banks”, Greg McBride, chief financial analyst at Bankrate.com, said. “Of course he’s concerned about shadow banking”.
The former Secretary of State has repeatedly faced criticism for her longstanding ties to Wall Street.
Glass-Steagall’s main provisions were repealed in 1999 during the presidency of her husband Bill Clinton – a fact that Mr Sanders highlighted in his speech.
Sen. Bernie Sanders went on a tirade against Wall Street on Tuesday and in the process, took the time to point out one or two major flaws in his opponent, Hillary Clinton. Gunnel highlighted an analysis from Guggenheim Partners, an investment firm that said Sanders’s agenda would have “radical impacts”.
Clinton is leading in California because she’s preferred over Sanders by majorities of women, minorities, registered Democrats, Northern California residents and people 40 and older, the poll shows.
The politics of Clinton’s play are fairly easy to divine.
The crux of Clinton’s argument is that Sanders’ plan lacks specifics when it comes to the so-called “shadow banking” system – a part of the banking industry made up institutions like hedge funds and non-bank finance companies.
Sanders’ supporters were by far the noisiest and most vocally enthusiastic from long before the candidates emerged. Sanders has another idea: He wants to create a postal-banking system, which would add some banking powers to existing U.S. Post Offices.
In series of tweets, Trump called Sanders a liar, and by the next day, he agreed that wages were “too low”.
Clinton should be the Democratic nominee for president because she’s a smart, experienced negotiator who would get things done, said Oakland resident Deidre Wan, 55.
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Clinton used her speech to hit out at the Republicans and set out her stall as the most likely candidate to win the general election in November.
