People want jobs, not financial chaos and uncertainty.

With the re-introduction of Glass-Steagall banks will have to eliminate many of the the risky investment exposure to securities and derivatives and get back to the old business of banking and lending. That makes the banking sector much more stable and that certainly reduces the chance of financial chaos. Of course rational arguments don't work toward Hillary's candidacy given her past voting record. And as for jobs, if Hillary gets elected you can bet the ranch she will welch on her recent negative position on TPP and sign it....and there goes a few million more good paying jobs.

but that wouldn't necessarily mean that reinstating glass-steagal is not a good idea as well.

Whom Glass-Steagall would have had no effect. Among many other financial institutions.

Taibbi is opinionated, but he's also a helluva reporter and backs his stuff up with research and knpowledge.

... As recently as May 6th, anyway....

Business Insider interview of Joe Stiglitz on the issue of wealth inequality:

But that quote (at least the excerpt you clipped) isn't talking about banking.

in a discussion string about banking, that starts with:

eom

eom

eom

it's about retaining 3rd Way's iron-fisted control of the Democratic Party, which was
pretty much ushered in by Big Dawg. God forbid that the Democratic Party would
be run by people who want to represent workers, the poor and racial minorities again,
rather than of the Oligarchy

eom

eom

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In an exchange were HRC are being insulted (being called PUMAs) ... a third party enters and states it's really the Bernie supporters who are the PUMAs ... " Why are you insulting Bernie supporters?!!!! "

speak for everyone, but I am policy driven. I have no emotional attachment to a candidate. I am very invested in FOR style policies. HRC supporters seem to not care about policies or ethics. All that matters is Hillary wins damn her Wall Street, Big Pharma, Fossil fuel industry, MIC, PIC history none of that matters.

are Bernie supporters.

Since you brought it up: will you vote for the Democratic nominee if it's not Bernie?

candidate. She's horrible but she will have my vote.

You're funny Dan considering many Bernie supporters don't belong to ANY party. That whole (I) thing.

The vast majority of those supporting Bernie would have shouted mightily at the suggest of them NOT being of the Democratic Party.

Because myself and many others have always shouted we're NOT of the Dem party and continue to do so. Nor do we wish to and the whole DNC with Debbie is just one reason why.

We're the largest voting block in America and most of us are liberals, who left of the Dem establishment.

I must be from that begotten era where DEMOCRATICundergrounders were Democrats seeking to "work together to elect more Democrats."

My bad. While that explains a lot ... Please proceed.

Hell, Bernie gets the vote from something like 21% of Republicans in Vermont, where they
know and trust him.

Wow, thanks for that message clearing-up what the previous poster meant. Their message was so subtle I'm not sure anyone would have figured it out had you not provided the Cliff Notes.

When whining about PUMA, consider what many candidates and their supporters see as the DNC disregarding any consideration of "party" in favor of a process favoring a single candidate.

Markers were laid down in the first debate. Later debates will see them called in.

Of course the big banks were the problem. They were too big to fail. They received trillion of dollars in bailout funds, zero interest rate loans, and quantitative easing. The banks consolidated and are even bigger now.

Sadly, with the level of commentators like Cooper, there is no chance of challenging falsehoods by corporate-chosen politicians. RIP critical thinking.

subsidiary...

Yeah... she'll fix 'em, alright.

Get in on the action now. Buy stocks of big banks, even if its just a few. Hillary will make us rich (unless you don't have the money to buy stocks, in which case she thinks you just didn't work hard enough)

"work with" (get funded by) big money when she ran for Senate. Bill found out where the money was when he was president. He helped "reform" banking rules. No way can I vote for Hillary. I have tried voting for the one I thought could win -- a defensive strategy, but I am mostly done with that. I am voting for the person I think would try to solve the most important problems. So, the question is, What are this country's most important, most basic problems? I say Bernie is the one who is zeroing in on them. Secondly, I will vote for integrity. Clearly that is people like Elizabeth Warren and Bernie Sanders, maybe Joe Biden, but not Hillary.

The merging of all those starting points....Those remaining lines are way too concentrated and the institutions they represent are way too big. Period.


http://www.motherjones.com/politics/2010/01/bank-merger-history

have 3 huge banks and they are gambling with our money because of the repeal of Glass-Steagall. I wish people would learn at least this one fact.

Just re-read Hillary's extensive enemies list from the debate, when only asked for one, and note whom she didn't mention... Wall Street.