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Secretary Hillary Clinton’s more modest proposals do not go far enough. They call for a bit more oversight and a few new charges on shadow banking activity, but they leave intact the titanic financial conglomerates that practice most shadow banking. As a result, her plan does not adequately reduce the serious risks our financial system poses to the American economy and to individual Americans. Given the size and political power of Wall Street, her proposals would only invite more dilution and finagle.
Secretary Hillary Clinton’s more modest proposals do not go far enough. They call for a bit more oversight and a few new charges on shadow banking activity, but they leave intact the titanic financial conglomerates that practice most shadow banking. As a result, her plan does not adequately reduce the serious risks our financial system poses to the American economy and to individual Americans. Given the size and political power of Wall Street, her proposals would only invite more dilution and finagle.
Who listens to "economists" after they failed to predict the financial collapse of 2008-09? Economics, as practiced by these guys, is nothing but a pseudo-science.
I like Bernie sanders, but I have to say that I am a bit skeptical about his economic plan. I support him not because of his economic plans lol
For example, he wants to end “too big to fail.
even if in reality it’s more of a description: some financial institutions are so big that the government cannot let them fail, because their failure would be economically catastrophic for the entire country. Either way, Sanders wants to break up all such institutions “so that they no longer pose a grave threat to the economy.”
It is easier said than done.
I think Bern is a great person who is a humanitarian. But as a president, his economic plan needs to be improved.
Have I missed Sanders' call to break up GM? The automakers are obviously too big to fail given the US taxpayers had to 'bail them out' and actually lost BILLIONS of dollars doing so, whereas the taxpayers actually made a windfall in the 'bail out' of wall street.
Well, there are 14,600 economists in the USA. So far 170 support Bernie. This could mean that 14,430 don't.
Another thought. For all a politician's tough talk, virtually all of them change their tune if they become President. And they have to convince Congress.
Bottom line is that if you're hoping Wall Street is burned to the ground, think again. Sorry, but that's just the reality of it all.
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