In Iowa, O’Malley sounds a lot like a Democrat liberals love: Warren

[Raine1967]

15. This was posters at Vox today:

http://www.vox.com/2015/3/23/8272423/martin-omally-glass-steagall

The O'Malley plan for finance

In a March 20 op-ed for the Des Moines Register, O'Malley outlined an aggressive plan for financial reform that would go well beyond the provisions of the existing Dodd-Frank legislation.

His agenda:

--Reinstate Glass-Steagall and break up the largest and most diverse banks.
--Prevent banks for taking tax writeoffs when they pay fines.
--Insist on CEO resignations as part of the resolution of regulatory misconduct claims and seek to prosecute individual executives for misconduct.
--An equivalent of the three strikes and you're out policy to "revoke a bank's right to operate if they repeatedly break the law."

These ideas would, if implemented, radically alter the role of finance in American society. Large financial institutions would have to act in an extremely risk-averse (and not-so-lucrative) manner and likely become substantially smaller besides. The Obama administration — and mostly likely Clinton — would argue that this is unnecessary for financial stability and risky for the economy as a whole.

But to populists, that's precisely the point. These ideas would move beyond a narrow focus on the stability of the financial system to a broader attack on finance's role as one of the commanding heights of the American economy.