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gobears10

(310 posts)
Fri Jul 17, 2015, 03:38 PM Jul 2015

Bernie Sanders backs big bank breakups, in contrast with Hillary Clinton

"Bernie Sanders is backing a bill to break up big banks after advisers to presidential rival Hillary Clinton made clear earlier this week she will not support reinstating the Glass-Steagall Act.

Noting that he’s long supported reimposing a firewall between investment and commercial banks, the Vermont senator said he’s officially rejoining an effort led by Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) to break up the big banks, saying, 'If we are truly serious about ending too big to fail, we have got to break up the largest financial institutions in this country...'

By moving quickly to reassert his support for a proposal from liberal superstar Warren, Sanders is highlighting the differences between his platform and Clinton’s more centrist positions on financial regulations, a major issue among progressives. Sanders actually cosponsored a version of the bill in 2013, well before he began challenging Clinton for the Democratic nomination, and in a press release reminded reporters of a speech he gave in 1999 as a House member.

'Sixteen years ago, I predicted that such a massive deregulation of the financial services industry would seriously harm the economy. I would give anything to have been proven wrong about this, but unfortunately, what happened seven years ago was even worse than I predicted,' Sanders said.

In 1999, Congress passed legislation rewriting the financial rule book for banks, and it was signed by President Bill Clinton."


Full link: http://www.politico.com/story/2015/07/bernie-sanders-big-ban-break-ups-glass-steagall-120287.html
43 replies = new reply since forum marked as read
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Bernie Sanders backs big bank breakups, in contrast with Hillary Clinton (Original Post) gobears10 Jul 2015 OP
And he acknowledged he cant get that passed through the Republican congress. So never mind. nt stevenleser Jul 2015 #1
Ya. Let's just pack it up folks. The GOP & Goldman Sachs said NO! think Jul 2015 #2
Two flags on the play... stevenleser Jul 2015 #3
So we should fight to break up the big banks that consistently violate laws or not? yes or no? think Jul 2015 #6
To Lesser: It's important that we have someone who will not side with big banks, no matter who TheNutcracker Jul 2015 #34
John McCain supports it... gobears10 Jul 2015 #4
Ok. Let's fold up camp and go home because Steven Leser (often of Fox News) London Lover Man Jul 2015 #5
The fallacy ref gets a workout from Bernie supporters... stevenleser Jul 2015 #7
And he's suggested the answer to that problem, as well. LWolf Jul 2015 #8
Yes, the Unicorn distraction technique. Problematic of course since Unicorns don't exist. stevenleser Jul 2015 #9
Er...no. LWolf Jul 2015 #10
Um, yes, here is the reference and it's spot on because there is no evidence of Bernie stevenleser Jul 2015 #11
I don't think so. LWolf Jul 2015 #13
That's Hilarious! The article attempts to give Bernie credit for amendments as if they are major stevenleser Jul 2015 #17
It's "Hillarious" that LWolf Jul 2015 #22
If he and we are unfortunate to find ourselves with him in the WH you will see how mistaken you are stevenleser Jul 2015 #23
Oh, I don't think so. LWolf Jul 2015 #24
Oh I know so. Which is why, for me, it doesn't even pay to consider supporting Sanders. It's not as stevenleser Jul 2015 #25
Let's hope you don't know as much as you think you do. LWolf Jul 2015 #26
I wish I was wrong, quite frankly. But I'm not. On edit... stevenleser Jul 2015 #27
Everything that you mentioned is important virtualobserver Jul 2015 #28
No, I'm not "locked into old thinking" I refuse to accept magical thinking. There is a difference. stevenleser Jul 2015 #29
He is not trying to win over bought and paid for Senators in this campaign virtualobserver Jul 2015 #33
You waste A LOT of time posting things about why we don't need Bernie if it doesn't matter. stillwaiting Jul 2015 #32
Preventing several hundred Democrats from wasting their time isn't a waste of time stevenleser Jul 2015 #41
You're hilarious. nt stillwaiting Jul 2015 #43
Which is how you actually get things done when the opposing party holds power. jeff47 Jul 2015 #31
The point is, it is a fail as an example of special ability to get the GOP congress to do what stevenleser Jul 2015 #42
Wrong, he is not just running for POTUS. Never mind, clearly you sabrina 1 Jul 2015 #36
I don't know why Hilary Clinton doesn't address "why" she opposed Glass-Steagal. EndElectoral Jul 2015 #12
It's simple: she knows that her answer won't play well with certain target demographics Maedhros Jul 2015 #14
it's not because of pressure from her donors HFRN Jul 2015 #16
Hillary is not free to say much about issues like this due to the money she is expecting sabrina 1 Jul 2015 #37
and that contrast is made by principals, not because of donors HFRN Jul 2015 #15
What principle would that be? think Jul 2015 #18
a too subtle attempt at sarcasm? nt HFRN Jul 2015 #19
Sorry. Went over my head. think Jul 2015 #21
'Too big to fail means too big to exist' HFRN Jul 2015 #20
K&R CharlotteVale Jul 2015 #30
Go Bernie! SoapBox Jul 2015 #35
According to Centrist Democrats ... nikto Jul 2015 #38
K&R. JDPriestly Jul 2015 #39
1 BlueJazz Jul 2015 #40
 

TheNutcracker

(2,104 posts)
34. To Lesser: It's important that we have someone who will not side with big banks, no matter who
Fri Jul 17, 2015, 05:17 PM
Jul 2015

controls congress. And we could get the senate back too. So we should have someone who says they are a democrat, even though they support big banks and Wall Street over people, but it's okay, cuz it won't pass in the republican house.

With her views, I worry what she WILL sign, and what she WILL NOT veto!

Done with Bush/Clinton.

THIS....is how we got into this mess.

No 'lesser' a fool, than to believe your own comment here.

gobears10

(310 posts)
4. John McCain supports it...
Fri Jul 17, 2015, 03:51 PM
Jul 2015

Newt Gingrich admitted Glass-Steagall's repeal was probably a mistake, and David Vitter (R-Louisiana) supports limiting bank size. This isn't as partisan of an issue as you think.

Hillary Clinton is to the right of some Republicans on this issue, haha.

 

London Lover Man

(371 posts)
5. Ok. Let's fold up camp and go home because Steven Leser (often of Fox News)
Fri Jul 17, 2015, 03:53 PM
Jul 2015

says so!

Steve Leser does not make any sense because he's deeply intertwined in the bubble.

LWolf

(46,179 posts)
8. And he's suggested the answer to that problem, as well.
Fri Jul 17, 2015, 03:55 PM
Jul 2015

He's actually pretty good at negotiating with Rs.

 

stevenleser

(32,886 posts)
9. Yes, the Unicorn distraction technique. Problematic of course since Unicorns don't exist.
Fri Jul 17, 2015, 03:57 PM
Jul 2015

But interesting nonetheless.

 

stevenleser

(32,886 posts)
11. Um, yes, here is the reference and it's spot on because there is no evidence of Bernie
Fri Jul 17, 2015, 04:00 PM
Jul 2015

negotiating with Republicans to accomplish anything of substance that the Republicans involved didn't already want to do.

http://www.democraticunderground.com/1251451772#post1

LWolf

(46,179 posts)
13. I don't think so.
Fri Jul 17, 2015, 04:07 PM
Jul 2015
Bernie Sanders is an independent in the US Senate. Although he caucuses with the Democratic Party, he is not a member of the party. Some characterize him as so out of touch with the mainstream that his only role is to tilt at windmills and not achieve anything. And yet, over time, he has displayed a political savvy that has enabled him to get things done even when Republicans had the majority.

Lee Fang describes how he managed to get through a bill that expanded health care coverage for a lot of poor people by instituting a system of community health clinics, at the same time as the Republicans were vigorously fighting increased access to affordable health care via the ACA (Affordable Care Act or Obamacare).

Despite the inherent limitations of a self-described democratic socialist who eschews the norms of Beltway fundraising, the Democratic presidential candidate from Vermont has won legislative victory after victory on an issue that has been dear to him since his days as Burlington’s mayor. That issue is the simultaneously benign and revolutionary expansion of federally qualified community health clinics. Over the years, Sanders has tucked away funding for health centers in appropriation bills signed by George W. Bush, into Barack Obama’s stimulus program, and through the earmarking process. But his biggest achievement came in 2010 through the Affordable Care Act. In a series of high-stakes legislative maneuvers, Sanders struck a deal to include $11 billion for health clinics in the law.
The result has made an indelible mark on American health care, extending the number of people served by clinics from 18 million before the ACA to an expected 28 million next year.



Read more: http://freethoughtblogs.com/singham/2015/07/09/how-bernie-sanders-gets-things-done/#ixzz3gAo23DuF

And

Sen. Bernard Sanders didn’t seem a likely suspect to bridge Washington’s toxic partisan divide and cut one of the most significant deals in years.

But the Senate’s lone socialist and a potential 2016 presidential candidate did just that — negotiating a deal over the weekend to tackle wait times at the Department of Veterans Affairs and clear his biggest legislative test since he took over the Senate Veterans’ Affairs Committee gavel last year.


http://www.sanders.senate.gov/newsroom/must-read/bernie-sanders-new-title-dealmaker

And

...in 2014 he accomplished the last thing you might expect from a candidate whose campaign brand is firebrand: He negotiated a major bipartisan agreement with two conservatives to deal with the veterans health care crisis.



Read more: http://www.politico.com/magazine/story/2015/07/how-bernie-sanders-fought-for-our-veterans-119708.html#ixzz3gAotCiJO

That's just a sampling.
 

stevenleser

(32,886 posts)
17. That's Hilarious! The article attempts to give Bernie credit for amendments as if they are major
Fri Jul 17, 2015, 04:11 PM
Jul 2015

accomplishments. All Senators get amendments tucked into bills.

LWolf

(46,179 posts)
22. It's "Hillarious" that
Fri Jul 17, 2015, 04:18 PM
Jul 2015

you don't acknowledge that he knows how to get things done when Republicans are in the majority.

 

stevenleser

(32,886 posts)
23. If he and we are unfortunate to find ourselves with him in the WH you will see how mistaken you are
Fri Jul 17, 2015, 04:20 PM
Jul 2015

They will pass NOTHING he proposes. NOTHING. And they will brag about it to their constituents and get rewarded for it.

LWolf

(46,179 posts)
24. Oh, I don't think so.
Fri Jul 17, 2015, 04:35 PM
Jul 2015

I hope, in all sincerity, to be able to prove you wrong.

And when it happens, I think you'll be glad that I did.

 

stevenleser

(32,886 posts)
25. Oh I know so. Which is why, for me, it doesn't even pay to consider supporting Sanders. It's not as
Fri Jul 17, 2015, 04:42 PM
Jul 2015

if we don't the entire administrations of two recent Democratic Presidents to point to in order to judge how Republicans will behave.

I don't know why 100% of Democrats/Liberals/Progressives don't get this:

They DO NOT CARE what any Democratic President has to say or propose. An exception was the TPP because the GOP is all about Free Trade. So of course, they supported that, but even there, it was controversial for some Republicans to vote for it because of the appearance of supporting Obama, i.e. a Democratic President. If you don't get that, if you don't internalize that example, I can't help you.

It frankly doesn't matter much which Democrat is elected this time. The GOP will pass NOTHING. The important things are:

#1 - That a Democratic President is elected at all

#2 - That we fight for control of the senate

#3 - That people vote for the Democratic candidate for state legislature/state senate etc., this election, in 2018 and 2020 so we can control redistricting so that we can have a shot again to take back the house in 2022 or 2024.

This entire Bernie Sanders thing is wasted effort.

LWolf

(46,179 posts)
26. Let's hope you don't know as much as you think you do.
Fri Jul 17, 2015, 04:45 PM
Jul 2015

You, and the rest of the country, will be better off if I'm right than if you are.

If what you are saying is "right," it won't matter WHO is POTUS, we'll all be screwed anyway.

 

stevenleser

(32,886 posts)
27. I wish I was wrong, quite frankly. But I'm not. On edit...
Fri Jul 17, 2015, 04:47 PM
Jul 2015

we have allowed ourselves to be out-maneuvered on the re-districting front, allowing the GOP to take over way too many state legislatures following the 2010 election.

I don't know who was responsible for missing that the Republicans were going for this, but it meant we have no chance of winning both houses of congress from 2012 - 2022 at least because of the House of Representatives. Given Republicans current behavior, that effectively stopped any Democratic legislation for 10+ years. Its probably going to be 12 years because 2022 is a midterm election. Assuming a Democratic president, we tend not to do well in those.

We're screwed for that long.

 

virtualobserver

(8,760 posts)
28. Everything that you mentioned is important
Fri Jul 17, 2015, 04:52 PM
Jul 2015



that is why we must have a candidate who can be competitive in areas that traditionally
have not voted Democratic.

That is the only way to break past the gerrymandering and retake both the House and Senate
and state legislatures.

I realize that you can't even conceive of how Bernie might do that and that you will
not accept that possibility.

You are locked into the old thinking. Bernie will have to prove it to you.



 

stevenleser

(32,886 posts)
29. No, I'm not "locked into old thinking" I refuse to accept magical thinking. There is a difference.
Fri Jul 17, 2015, 04:54 PM
Jul 2015

If you want me to accept that Bernie can accomplish something exceptional, you need to provide exceptional evidence.

Instead, the opposite is out there. He has accomplished absolutely nothing exceptional legislatively.

 

virtualobserver

(8,760 posts)
33. He is not trying to win over bought and paid for Senators in this campaign
Fri Jul 17, 2015, 05:04 PM
Jul 2015

He is speaking to ordinary citizens.

There is nothing magical about speaking directly to people about the things that they care about.
It is simply a lost art in the Democratic Party.

The old thinking that I am talking about has to do with delivering a poll-tested message
as in the $900,000 that Hillary spent on polling last quarter. Not only will it not win back the House, it makes her an uninspiring candidate.

stillwaiting

(3,795 posts)
32. You waste A LOT of time posting things about why we don't need Bernie if it doesn't matter.
Fri Jul 17, 2015, 04:59 PM
Jul 2015

If it truly doesn't matter to you, isn't there something better that you could do with your time?

Personally, I DO believe it matters. I believe it matters a great deal.

 

stevenleser

(32,886 posts)
41. Preventing several hundred Democrats from wasting their time isn't a waste of time
Fri Jul 17, 2015, 07:46 PM
Jul 2015

For me as far as I am concerned.

jeff47

(26,549 posts)
31. Which is how you actually get things done when the opposing party holds power.
Fri Jul 17, 2015, 04:57 PM
Jul 2015

It's not like an amendment has any less force of law.

 

stevenleser

(32,886 posts)
42. The point is, it is a fail as an example of special ability to get the GOP congress to do what
Fri Jul 17, 2015, 07:50 PM
Jul 2015

He Wants. And that's being kind.

sabrina 1

(62,325 posts)
36. Wrong, he is not just running for POTUS. Never mind, clearly you
Fri Jul 17, 2015, 06:19 PM
Jul 2015

are unaware of what this candidacy is about.

But for those who do, Bernie is the only hope for this country to end the corrosive purchasing of our politicians and government in this race. Which is why as soon as people know who he is, what his record is, they are sold. The ONLY hurdle facing him is getting the people to know him. And so far, his army of volunteers is doing a great job of that.

 

Maedhros

(10,007 posts)
14. It's simple: she knows that her answer won't play well with certain target demographics
Fri Jul 17, 2015, 04:08 PM
Jul 2015

that she needs to trick into voting for her. Therefore she avoids the question.

sabrina 1

(62,325 posts)
37. Hillary is not free to say much about issues like this due to the money she is expecting
Fri Jul 17, 2015, 06:22 PM
Jul 2015

which she thinks will help her win this election. That is the problem, one of the problems, with accepting this kind of money.

Bernie otoh, is completely free to speak his mind and doesn't have to wait to 'unveil' his policies after they have been vetted by special interests.

That's the sad thing, we will never really know where Hillary stands, or any candidate who is beholden to big money.

Which is why this is the most important issue in this campaign, to get this poisonous money out of our government.

 

HFRN

(1,469 posts)
20. 'Too big to fail means too big to exist'
Fri Jul 17, 2015, 04:16 PM
Jul 2015

truer words were never spoken

because too big to fail really means 'heads we win, tails you lose, and then we win anyway, because you go into debt to make us win'

how the f--k can you lose, with that kind of setup? completely rigged game

SoapBox

(18,791 posts)
35. Go Bernie!
Fri Jul 17, 2015, 06:15 PM
Jul 2015

Much better than being a Zombie for Banksters...which seems to be what another candidate's followers expect everyone to be.

No thanks to being a Zombie.

 

nikto

(3,284 posts)
38. According to Centrist Democrats ...
Fri Jul 17, 2015, 06:30 PM
Jul 2015

Bernie's appeals to morality and ethics just make the Democratic Party weaker.



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