I'm for Bernie all the way but I sure do like the way O'Malley is talking. We Democrats are lucky to have Bernie and O'Malley running for our parties nomination.

Come on Hillary - do it! Say- "You were all for me back blah blah"


PLEASE!

...not what he'd do about it.

Unlike Bernie Sanders. Sanders says that if a bank is too big to fail it's too big to exist, and has put forth a bill to break up the biggest banks.

...minus my snark.


Martin O'Malley Op-Ed: Reform Wall Street - Prosecute Those Who Commit or Permit Crimes March 19, 2015


____We were forced to save our economy by bailing out big banks. Now, we have a responsibility to correct the mistakes of our more recent past to prevent another crash...

The largest banks should be broken up into more manageable institutions. Today, five banks control half of the financial industry’s $15 trillion in assets. Even members of Congress, several Federal Reserve Board governors, and major players in the financial industry are recognizing that institutions that are too big to fail are too big to succeed.

Structural reforms aren’t enough. We must bring fundamental change to the culture of Wall Street, beginning with real accountability. To this day, the Justice Department and financial regulators have done virtually nothing to bring criminal charges or hold leadership accountable. Legal deterrents are critical for improving the culture of Wall Street and showing that fraudulent behavior will be punished.

We can solve this problem in a few ways. The first is to replace the leadership at banks that are repeat offenders. CEOs should not remain in charge of institutions that they have failed to manage properly.

Second, we must appoint people to positions — attorney general and SEC chair for starters — who will prosecute those who commit or permit crimes. Thus far, settlements have been nothing more than CEOs using shareholder money to buy their way out of jail.

Third, we must end the days of “neither admit nor deny,” and force law-breaking banks to publicly admit it. We have allowed big banks to avoid admitting guilt due to claims that it will cause them too much harm — it’s time to end that game and let banks face the legal consequences and harm to their reputation.

Fourth, we must make banks bear the full weight of financial penalties. As unbelievable as it sounds, the worst actors on Wall Street have written off large portions of these penalties — as if they were donations to charity. We should not allow banks to deduct fines from their taxes.

Finally, we need a “three strikes and you’re out” or a points-accrual policy — like the one drivers face — to revoke a bank’s right to operate if they repeatedly break the law. This would increase transparency, reduce recidivism and put banks out of business if they repeatedly disregard the law.


read: http://www.desmoinesregister.com/story/opinion/columnists/caucus/2015/03/20/prevent-another-crash-reform-wall-street/25057735/

posted here: http://www.democraticunderground.com/10026390199

NT

...casualty of too much work and too little sleep.

But her time has come and gone. I agree, that everything has changed since the economic collapse. We need someone that will fight for the middle class now.