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2016 Postmortem
In reply to the discussion: Hillary Clinton opposes breaking up the megabanks, opposes reinstating Glass-Steagall [View all]Recursion
(56,582 posts)370. There's no such thing as "depository capital"
Banks are depositories and have capital, so there is in that sense (though even Google will only find "depository's capital", which is the point), but deposits are liabilities, not capital. Banks don't "keep" the money you deposit; it just disappears from the money supply. They particularly don't "invest" or "loan out" your deposits; they create money when they originate a loan, and they invest capital.
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Hillary Clinton opposes breaking up the megabanks, opposes reinstating Glass-Steagall [View all]
gobears10
Jul 2015
OP
Oh fucking please, Glass-Steagall was passed once before, it can be again.
AtheistCrusader
Jul 2015
#339
That which can be fairly asserted without evidence, can be fairly dismissed without evidence.
AtheistCrusader
Jul 2015
#387
I would rather vote for someone that pledged to work towards breaking up the banksters monopoly than
rhett o rick
Jul 2015
#86
It's not a promise, it's a platform. It's what he will fight for. It is not lip service,
cui bono
Jul 2015
#138
No, it's not lip service, but it is misleading because it is something he can't accomplish.
Nitram
Jul 2015
#301
If Bernie Sanders is elected President he will have majorities in both houses
Martin Eden
Jul 2015
#333
The banks are terrified of being discussed openly and in detail by someone with a bully pulpit
Babel_17
Jul 2015
#308
Banks are terrified: Ha! Ha! Ha: Not, if Bernie is running: the GOP will be elected
lewebley3
Jul 2015
#325
Unless the women live in resouce-rich coutnries and get in the way of a drone n/t
eridani
Jul 2015
#284
Exactly. Goldman Sachs CEO said he'd be happy with Hillary or Jeb! Why do dems igore this?
TheNutcracker
Jul 2015
#46
she shills for her donors. She has always said so out loud and she will continue. She has
roguevalley
Jul 2015
#77
David, if you look at the thread, you will see what I was directly responding to.
Nitram
Jul 2015
#318
It's called "rhetoric". Holder prosecuted all the banksters he thought broke the law. I think
rhett o rick
Jul 2015
#96
We need an "I'll lead you to it" candidate rather than a "Now make me do it" candidate. nt
Snotcicles
Jul 2015
#109
Translation: "We need to pass new laws so bankers will be shielded from breaking them"
grahamhgreen
Jul 2015
#229
It won't do any good to "go beyond Dodd-Frank", if the DoJ won't prosecute. nm
rhett o rick
Jul 2015
#123
That's why we need to elect Bernie. At least he'll TRY all these things he says he'll do.
PatrickforO
Jul 2015
#252
The problem arises when you confuse campaign rhetoric with actual "policy"
NorthCarolina
Jul 2015
#12
I think she may come third in the primary after Bernie and Martin at this rate
Rosa Luxemburg
Jul 2015
#13
Yeah, and we know how much good voting for the first female prime minister did
The Green Manalishi
Jul 2015
#307
LOL. Of course she will not repeal it. Wall Street needs our money to gamble with. If we get
jwirr
Jul 2015
#56
I understand perfectly - I grew up during the Depression and saw the good years that were the
jwirr
Jul 2015
#299
Color me surprised... Not! Say anything that polls well in order to get the nom, then pivot right
peacebird
Jul 2015
#28
I wish it were possible to "recommend" a comment, "ditto" it, something like that...
senz
Jul 2015
#125
Surprise, surprise: She is and always has been a corporate shill (Bernie 2016!)
emsimon33
Jul 2015
#41
As soon as the measure gains popularity with a solid majority of americans a heartfelt tweet
Indepatriot
Jul 2015
#43
She will "evolve" once again on an issue about which the right policy is just so obvious
JDPriestly
Jul 2015
#52
I'll bet that 90% of her vocal supporters don't even know what Glass Steagall is
tularetom
Jul 2015
#45
Thanks for noting that both Senator Bernie Sanders AND Gov. Martin O'Malley support breaking up the
elleng
Jul 2015
#54
I really don't care whether GS is reinstated, but I don't think it will change a lot,
Hoyt
Jul 2015
#59
You should care if GS had been in place the Banksters would not have been able to game the Market
awake
Jul 2015
#64
There is now, so all this is a waste of time. And even back then, there were restrictions on what
Hoyt
Jul 2015
#147
So how did the savings and loan failures occur. Fortunately, Dodd-Frank and Volcker Rule fill in the
Hoyt
Jul 2015
#268
It's just another example of junk that Sanders and Warren play up, that really isn't true.
Hoyt
Jul 2015
#128
To me, Warren and Sanders showed where they are coming from when they were saying
Hoyt
Jul 2015
#225
No, it's pretty clear that Warren does know, and that she also knows you *don't* know
Recursion
Jul 2015
#255
Exactly. Unfortunately, I'm not sure their supporters will ever catch on to how they are being
Hoyt
Jul 2015
#269
Warren herself said that Glass-Steagall would not have made a difference to 2008
Recursion
Jul 2015
#273
Well, sure: B of A stepped in to take long positions on Merrill Lynch, for instance
Recursion
Jul 2015
#289
She is a CORPORATE CANDIDATE, and speaks out of both sides of her mouth, like all the GOP clowns.
mother earth
Jul 2015
#62
Overcoming gerrymandering is possible - just up the turnout and get everyone to vote.
London Lover Man
Jul 2015
#206
Please explain to me how Sanders is going to break up the big banks with a gop congress?
hrmjustin
Jul 2015
#163
Your assumptions are touching. A GOP congress is not going to budge on this.
hrmjustin
Jul 2015
#176
Like I said, you have given up policy fights to the GOP while you are on the campaign trail.
cui bono
Jul 2015
#181
since when has that mattered? as long as she backs everything Jeb does BUT doesn't believe
MisterP
Jul 2015
#221
Please, young media enthusiasts, expose the hypocrisy of politicians for all to see.
nightscanner59
Jul 2015
#223
Lewis Black described our two party system as "a bowl of shit looking at itself in the mirror".
Spitfire of ATJ
Jul 2015
#241
Well, it was her husband who signed the legislation that ended the protections
sabrina 1
Jul 2015
#242
OK...so she SAYS that we need to 'go beyond' Dodd Frank, prosecute banks and bankers...
PatrickforO
Jul 2015
#247
I don't think Alan Blinder is running her campaign, and hysterical posts like this to the contrary
Capn Sunshine
Jul 2015
#259
What good would it do? Most large banks are not in the US, and most cash havens are offshore...
Sancho
Jul 2015
#261
I Will No Longer Settle For The Lesser Of Two Corporate Evils - Go Bernie Go
cantbeserious
Jul 2015
#279
Stiglitz doesn't give THIS a thumbs-up; hey, middle class, turns out she doesn't get it after all.
AtomicKitten
Jul 2015
#336
just as dean was stupid to say he would split up BIG media conglomerated BEFORE he was elected,
pansypoo53219
Jul 2015
#353
Glass-Stegall would not have prevented the banks finanical woes, it would only have helped prevent.
Thinkingabout
Jul 2015
#401
Hillary isnt dumb by any means. She will listen to advisors and then make her decisions.
Thinkingabout
Jul 2015
#408