Forget about polls. A far better indication of how well Bernie's doing

[think]

89. I don't like big banks screwing people and becoming bigger in the process. And I don't trust Hillary

to end their unscrupulous actions.

It has nothing to do with liking Hillary. It has everything to do with keeping our country safe from banks who have repeatedly violated US laws and utilize loopholes to skirt the law.

Right now the big banks are taking the derivative trade that was at the heart of the last great recession and moving them offshore to avoid regulation thanks to a loop hole in Dodd Frank. A loophole that was created with one sentence added to a 228 page amendment which was authored by Gary Gensler. The same Gary Gensler who is a former partner at Goldman Sachs and is now part of the Clinton campaign.

Vanishing Act

U.S. banks moved billions of dollars in trades beyond Washington’s reach

By Charles Levinson

Filed Aug. 21, 2015, 2 p.m. GMT

Part 2: The story of how Wall Street’s giants got around derivatives rules imposed by the CFTC after the financial crisis. The fix: tweaking contracts and shifting deals offshore.

NEW YORK – This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished.

“We saw strange things in the data,” said Chris Barnes, a former swaps trader now with ClarusFT, a London-based data firm.

The vanishing of the trades was little noted outside a circle of specialists. But the implications were big. The missing transactions reflected an effort by some of the largest U.S. banks — including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley — to get around new regulations on derivatives enacted in the wake of the financial crisis, say current and former financial regulators.

~Snip~

Gensler and his staff tucked a 17-word insert into a 228-page amendment to the Dodd-Frank bill. The addition seemed to assure banks that the new derivatives rules wouldn’t apply to their overseas trading operations. Bachus backed off. But the insert was craftily worded to leave wiggle room. If those activities “have a direct and significant connection with activities in, or effect on, commerce of the United States,” then the rules would apply, Gensler’s addition read.

http://www.reuters.com/investigates/special-report/usa-swaps/

More about Gensler:

Hillary Clinton Is Grooming A Former Goldman Banker To Become America's Next Treasury Secretary

By Tyler Durden on 04/17/2015 13:53 -0400

For years on end, many wondered how it is possible that Gary Gensler allowed Wall Street firms to manipulate, rig, and otherwise abuse the US commodity market which he, as head of the Commodity Futures Trading Commission from 2009 until 2014, was supposed to regulate.

Some, such as this website, suggested that what Gensler was doing was simply protecting his former colleagues from civil or criminal investigation and prosecution. After all Gensler is far better known for not only having worked at Goldman Sachs for 18 years most recently as co-head of finance, prior to joining the CFTC, but for becoming the youngest ever Goldman partner, at the tender age of 30.

~Snip~

Actually no. Gensler was put in so that he would be a figurehead and to neutralize and undo all real attempts at change, those undertaken by his predecessor Brooksley Born, who was truly a focused on fixing America's runaway derivatives doomsday machine until she was shut down by the "committee to save the world" of Summers, Rubin and Greenspan.

http://www.zerohedge.com/news/2015-04-17/hillary-clinton-grooming-former-goldman-banker-become-americas-next-treasury-secreta

If I have to vote against the GOP Hillary probably gets my vote. She doesn't deserve it. Her actions don't merit it. And she won't be good for the American people. She'll just suck less than the GOP. Period.