One, it assumes that Hillary Clinton will win the nomination outright, which will not be a “done deal” until the primaries are going and people are actually casting votes; two, it assumes that Bernie doesn’t really want to be President of the United States and is just running his campaign for show.
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Hillary Clinton at the CNN Democratic Debate at the Wynn Hotel in Las Vegas, Tuesday, October 13, 2015. In 2008, the greed, recklessness and illegal behavior on Wall Street almost destroyed the US and global economy.
ZARROLI: As an enthusiastic crowd of several hundred cheered him on, Sanders repeated a litany of promises about how he will deal with Wall Street – break up the big banks, send executives who are responsible for financial meltdowns to jail, place limits on credit card interest rates and ATM fees.
Clinton’s plan calls for greater transparency from financial institutions to “measure risks”, higher “collateral and margin requirements” for short-term borrowing and make sure new financial regulations adequately “protect taxpayers”. Sanders beat Sen. Ted Cruz by 10 percentage points, compared to Clinton’s 5, and he bested Dr. Ben Carson by 6 points versus Clinton’s 3 points.
On Tuesday, Sanders called for breaking up the biggest banks and reinstating the Glass-Steagall financial law that separated commercial and investment banking activities. Shadow banks did gamble recklessly, but where did that money come from? Clinton will fly into Beaumont from San Antonio, where she will be fundraising in the morning.
Before Sanders’ speech, Gary Gensler, Clinton’s chief financial adviser, accused the senator of taking a “hands-off approach” because his plan does not address shadow banking.
Sanders also attacked the financial sector more broadly.
Sanders indirectly criticized the speaking fees Clinton has collected from Wall Street.
“We can no longer tolerate an economy and a political system that has been rigged by Wall Street to benefit the wealthiest Americans in this country at the expense of everyone else”, Sanders said.
“When Wall Street was on the verge of collapse, Federal Reserve acted with a fierce sense of urgency to save the financial system”.
Martin O’Malley, despite languishing far behind both Clinton and Sanders in the polls, gave a barnstorming speech that impressed many in the room with its concrete policy proposals, and which won growing applause among an audience largely – and audibly – composed of either die-hard Clinton or die-hard Sanders supporters.
“The reality is that fraud is the business model on Wall Street“, he said.
Clinton fired back in Sioux City, Iowa, the same day.
Sen. Elizabeth Warren (D-Mass.) is not playing favorites in the 2016 race on her pet issue, cracking down on Wall Street.
Her suggestion seemed to be that Sanders has run a more one-dimensional campaign focused on economic issues.
Drawing on his standard stump speech, but with the ear-piercing clamor of vuvuzela-blowing supporters filling a ballroom at the MGM Grand, Sanders said that Democrats will only win if they can drive up voter enthusiasm and turnout, something that only he can do.
“I need you”, she says repeatedly on the rope-line between handshakes and selfies.
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“One of the big things he’s going for is making college free, which would be fantastic, because right now I’m trying to go to school, but looking at prices right now, things are insane”.
