2016 Postmortem
Related: About this forumSirota and Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two Bankers
David Sirota and Andrew Perez: Hillary Clinton's Wall Street Policy Being Shaped By Two BankersAccording to a story in Politico -- tweeted out by Clinton's campaign spokesperson -- the Democratic presidential candidate has been getting input from former Democratic Rep. Barney Frank, who was appointed to the board of New York-based Signature Bank after leaving Congress.
The newspaper says Frank, one of the namesakes of the Dodd-Frank financial reform bill, has been working on the Clinton campaign's Wall Street policy with Gary Gensler, a former longtime Goldman Sachs executive who was appointed by President Obama to head the Commodities Futures Trading Commission.
Frank in recent months has made headlines opposing the push by some progressive lawmakers -- including U.S. Sens. Elizabeth Warren and Bernie Sanders -- to reinstate the Glass-Steagall Act, which was repealed by legislation signed by President Bill Clinton. Hillary Clinton said Tuesday she does not support reinstating that Depression-era law, which sought to keep commerical banks separate from investment banks.
Related:
Yahoo Politics: Hillary Clinton doesnt support revival of Glass-Steagall Act
Democracy Now!: Robert Reich on Glass-Steagall and Bernie Sanders
Clinton: Cooperation, not speeches, is needed to regulate Wall Street
WillyT
(72,631 posts)Maedhros
(10,007 posts)reformist2
(9,841 posts)She is completely undermining the values of the Democratic Party. This kills any hope I had in her--although, it wasn't much.
1StrongBlackMan
(31,849 posts)beam me up scottie
(57,349 posts)hifiguy
(33,688 posts)"he who fucks the nun will later join the church."
beam me up scottie
(57,349 posts)It's all about guilt.
m-lekktor
(3,675 posts)octoberlib
(14,971 posts)DanTex
(20,709 posts)"Wall Street's archenemy" while he was head of the CFTC. As I posted below, when Hillary first hired him, there was speculation that she did it to placate critics on the left who said she was too close to Wall Street.
But whoever speculated that grossly overestimated the intelligence of Hillary haters.
sulphurdunn
(6,891 posts)the credulity of Hillary lovers.
HRC major campaign contributors 2015
1. City Group
2. Goldman Sacs
3. DLA Piper (Wall St. law firm)
4. JP Morgan Chase
5. Emily's List
6. Morgan Stanley
7. Time Warner (owns CNN)
8. Skadden, Arps. et al (Wall Street's largest law firm)
9. Lehman Brothers
10.Cable Vision Systems
tularetom
(23,664 posts)He's had to backtrack on DADT and DOMA, on the militarization of the police, and if he admits he was wrong about Glass Steagall, he has more or less conceded he fucked up everything he did.
hifiguy
(33,688 posts)And then some.
His presidency was a catastrophe for all but the 1%.
hifiguy
(33,688 posts)She is OWNED by the banksters. Lock, stock and barrel. She will let them write any "regulations" and they will continue doing every insane greedhead thing they can think up until it all melts down again.
How can anyone who gives a shit about this country support her??
TheKentuckian
(25,029 posts)the money just follows naturally.
DanTex
(20,709 posts)These "Bankers" have names. One of them is Barney Frank, former rep from MA, known among other things for the Dodd-Frank bill, which is the toughest financial regulation passed since the great depression.
The other one is Gary Gensler, former head of the CFTC, who received wide praise for his tough stance on Wall Street and in particular on expanding the CFTC to be more aggressive in regulating over-the-counter derivates. So much so that he was labelled things like "Wall Street's archenemy." When Hillary first hired Gensler, Politico published an article called "How Hillary Jilted Wall Street."
They even speculated that the reason for hiring Gensler was to placate her critics on the left about her supposed ties to Wall Street. But little did they know that Hillary haters are too ignorant to even know who Gensler is.
DhhD
(4,695 posts)bigger. Did he go through a revolving door?
Gensler is a specialist at moving around and by-passing regulations:
http://www.reuters.com/investigates/special-report/usa-swaps/
Hillary Clinton is not speaking about the issues. America used to be a representative democracy. Who does Clinton represent? Not me, I am only a depositor with a small savings account.
JaneyVee
(19,877 posts)Fawke Em
(11,366 posts)He hasn't worked for Sanders since 1999 or 2000.
He's worked for a number of politicians and news organizations since.
Armstead
(47,803 posts)"Frank will join former Sen. Alfonse D'Amato on the board. D'Amato was a Republican from New York who once chaired the Senate Banking Committee"
99Forever
(14,524 posts)Bought and paid for by Corrupt Banksters.
On the upside side, according to Camp Weathervane residents, the corrupt Republican members of Congress will happily work WITH her to "get things done."
Sounds like the perfect corporate trifecta.
JaneyVee
(19,877 posts)Sirota works for Bernie Sanders.
Hoooooooow unbiiiiiiiiiiiased.
RiverLover
(7,830 posts)https://en.wikipedia.org/wiki/Gary_Gensler
Fawke Em
(11,366 posts)RandySF
(59,221 posts)Didn't he even hate Obama?
riversedge
(70,299 posts)Don't think he hates Pres Obama but is very critical of 3rd way (bill Clinton) policies as I remember.