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Sanders: “Real Wall Street reform means breaking up the big banks”

Sanders appeared on MSNBC’s Morning Joe to discuss a range of topics, including Clinton, and he bashed the former secretary of state for being inconsistent throughout her political career.

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Clinton supports providing three months of paid leave but opposes the Senate bill because she has said she won’t raise taxes on families earning $250,000 a year or less.

U.S. Senator Bernie Sanders provided Americans with an unforgettable piece of his mind concerning the inner workings of Wall Street, clearly stating in his prepared remarks that he will no longer tolerate the burden that big banks have placed on taxpayers.

Sanders claims it’s because she is too friendly with Wall Street. Second of all, for a variety of reasons I think we can do better against Trump or other Republicans than can Secretary Clinton. He argued that Clinton was not willing to take dramatic steps needed to make changes in the industry, though Clinton has argued that she would and released her own plan on the issue. As most people know, in the 1990s and later, the financial interests spent billions of dollars in lobbying and campaign contributions to force through Congress the deregulation of Wall Street, the repeal of the Glass-Steagall Act and the weakening of consumer protection laws in states.

“My opponent says that as a senator she told bankers to “cut it out” and end their destructive behavior”, Sanders explained.

He also quoted another progressive icon, former USA labour secretary Robert Reich, as criticizing Mrs Clinton’s proposals to regulate Wall Street as too weak. The crowd finished the line: “Wall Street regulates Congress”.

Sanders will also point out 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.

On many issues, Clinton and Sanders carry similar stands.

Hillary Clinton found herself in an unexpected battle for the support of primary voters in Nevada, as Bernie Sanders and Martin O’Malley impressed at a caucus dinner in Las Vegas on Wednesday night.

The underlying logic of this federal policy is that the biggest banks can not fail and shut down, even if they make bad investments or wreak great harm to the economy, because the USA economy and millions of ordinary people would become financially destitute. He also attacked Hillary Clinton with a sharp note for accepting speaking fees from the financial industry.

Sanders presented a sweeping plan to rein in the greed of the nation’s biggest financial institutions, drawing sharp contrasts with Sec.

“These poll numbers reflect what California Democrats have come to know about these candidates in recent years”, said Dan Schnur, who directs the Unruh Institute of Politics at the University of Southern California. Elizabeth Warren (D-Mass.) to reinstate the Glass-Steagall Act, which separated commercial and investment banking. Nobody prosecuted. I think what you have is a situation where banks are not only too big to fail, bankers are too big to jail.

While Sanders has wooed the Democratic base with his liberal positions, he’s had to defend a more mixed record on gun legislation – a reflection, he says, of his rural, gun-friendly home state.

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In a competition of enthusiasm, the room offered a deafening roar at times as Sanders’ cheering section screamed, “Feel the Bern”, and blew into yellow vuvuzelas and air horns while Clinton’s backers chanted, “HRC”, and waved neon blue glow sticks.

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