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TexasTowelie

(112,250 posts)
Thu Jul 30, 2015, 02:39 AM Jul 2015

Perry Launches Populist Offense Against Big Banks

Sounding a deeply populist note, former Gov. Rick Perry on Wednesday launched an offensive against banks that are too big to fail, making a pitch for Wall Street reform while tying the 2008 financial crisis to Democratic presidential front-runner Hillary Clinton.

Warning that the "next crash is on the horizon," Perry used a New York speech to position himself as the only candidate with the economic record to to reverse an era of Wall Street run amok, enabled by complicit politicians.

"If you elect me president, I will reform Wall Street and I will reform Washington," Perry declared, later promising not to "bail out a single bank on Wall Street."

Perry had particularly harsh words for Clinton, whom he said must answer for her husband's economic policies as she wages her own 2016 campaign. In an extensive critique, Perry linked the 2008 housing collapse to Bill Clinton's efforts to expand the ranks of homeowners in the United States.

Read more: http://www.texastribune.org/2015/07/29/perry-wall-street-reform-speech/

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Perry Launches Populist Offense Against Big Banks (Original Post) TexasTowelie Jul 2015 OP
Flatter than his toupee Aerows Jul 2015 #1
Uh, Rick? Phil Gramm was a GOP Senator... from Texas. villager Jul 2015 #2
I detect a lack of sincerity Armstead Jul 2015 #3
I detect a lack of senses TexasTowelie Jul 2015 #4
Perry promises not to "bail out a single bank on Wall Street." TexasTowelie Jul 2015 #5
I think the only bank still literally on Wall Street is DeutscheBank Recursion Jul 2015 #6
 

villager

(26,001 posts)
2. Uh, Rick? Phil Gramm was a GOP Senator... from Texas.
Thu Jul 30, 2015, 02:42 AM
Jul 2015

You might want to talk to him about the bills he sent to Clinton to sign (though I agree they should have been vetoed...)

TexasTowelie

(112,250 posts)
5. Perry promises not to "bail out a single bank on Wall Street."
Thu Jul 30, 2015, 03:05 AM
Jul 2015

List of the top 10 banks with main address.

State Street Corp. - Boston
HSBC North American Holdings Inc. - New York, 110 William Street
Capital One Financial Corp. - McLean, Virginia
PNC Financial Services Group Inc. - Pittsburgh
U.S. Bankcorp - Minneapolis
Bank of New York Mellon Corp. - New York, 200 Park Ave #54
Wells Fargo & Co. - San Francisco
Citigroup Inc. - New York, 399 Park Ave
Bank of America Corp. - Charlotte, North Carolina
JPMorgan Chase & Co. - New York, 270 Park Ave

I guess if you take his word literally then he should be able to keep his promise since none of those banks are on Wall Street.

Recursion

(56,582 posts)
6. I think the only bank still literally on Wall Street is DeutscheBank
Thu Jul 30, 2015, 03:49 AM
Jul 2015

(Well, Mellon has a branch, but that's not really what people mean.)

Though I do think "Wall Street" has become way too nebulous a term.

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