Hillary Clinton Targets Big Banks In NYT Op-Ed
Source: HuffingtonPost
Elizabeth Warren @elizabethforma 3h3 hours ago
.@HillaryClinton is right to fight GOP efforts to sneak financial reform rollbacks into the funding bill. http://nyti.ms/1lIMqjj
Hillary Clinton Targets Big Banks In NYT Op-Ed
"Republicans may have decided to forget about the financial crisis that caused so much devastation -- but I haven’t.”
Willa Frej
Reporter, The Huffington Post
12/07/2015 09:57 am ET
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Yet Clinton maintained that some are threatening economic progress. "Republicans, both in Congress and on the campaign trail, are dead-set on rolling back critical financial protections," she wrote. Those in Congress, she specified, are busy rolling back "common-sense efforts to prevent conflicts of interest by financial managers."
She outlines her own plan to combat added risks to the financial sector. "As president, I would not only veto any legislation that would weaken financial reform, but I would also fight for tough new rules, stronger enforcement and more accountability that go well beyond Dodd-Frank," she wrote.
First, Clinton proposes controls on the large financial institutions. She envisions imposing a "risk fee" on banks with over $50 billion in assets. The former Secretary of State also seeks to strengthen the Volcker Rule by "closing the loopholes that still allow banks to make speculative gambles with taxpayer-backed deposits."
The plan would encompass the entire financial sector, not just big banks, Clinton said. Equally important would be greater oversight over broker-dealers and short-term borrowing.
Next, Clinton wants to limit the amount of political meddling................
The third pillar of her plan is that "no one should be too big to jail."..................
Executives must bear responsibility for the wrongdoings of their firms, Clinton insisted. Any fines that a firm owes will cut into bonuses -- and she will fight to get rid of executive tax breaks.......................
Read more: http://www.huffingtonpost.com/entry/hillary-clinton-reiterates-plan-to-rein-in-big-banks-in-nyt-op-ed_566585bae4b072e9d1c69ad7
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Elizabeth Warren @elizabethforma 3h3 hours ago
.@HillaryClinton is right to fight GOP efforts to sneak financial reform rollbacks into the funding bill. http://nyti.ms/1lIMqjj
I thought Warren was a one-dimensional politician to many in the Clinton camp? 
If necessary.
