Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

jwirr

(39,215 posts)
28. Hillary fails to see what Bernie and Elizabeth clearly see.
Wed Jan 6, 2016, 05:45 PM
Jan 2016

Hillary thinks we need legislation the stop the risky gambling from being risky. She is wrong. Wall Street gambling has always been risky. 1928 and 2008 are examples of it.

And Glass-Steagall never addressed that problem. It addressed the issue of who's money would be used to gamble in the Wall Street. It made depositing in commercial banks less risky than depositing in investment banks of today.

Hillary very clearly shows us that she is not worried about our little deposits but instead is looking out for the big investment banks that use our money to make money for the rich.

She also seems to miss the point that if the big banks continue to exist it will be the little guy (taxpayer) who will get to bail them out at the same time that little taxpayer will be losing his/her shirt without any hope of bailout or protection from FDIC.

I do not know if Hillary is willfully blind to this or if she is just so out of touch that she truly misses it.


Recommendations

0 members have recommended this reply (displayed in chronological order):

But but she encouraged Hillary to run! thereismore Jan 2016 #1
+1. Yeah, you can practically see bvf Jan 2016 #6
Also: Nine-Eleven! (n/t) Mike__M Jan 2016 #7
"..Sanders has long maintained the opposite,.. Segami Jan 2016 #2
great series of tweets by ew questionseverything Jan 2016 #3
This is exciting boobooday Jan 2016 #4
Clearly, Warren is for breaking up the big banks CoffeeCat Jan 2016 #5
We'll see. If she gets desperate she will start talking about looking into breaking them up. thereismore Jan 2016 #8
Thanks for that list red dog 1 Jan 2016 #32
Message auto-removed Name removed Jan 2016 #9
But she doesn't think Clinton's plan goes far enough. Fawke Em Jan 2016 #20
Message auto-removed Name removed Jan 2016 #21
Warren is certainly aware of the Congressional Approval Ratings of Congress. She is to smart. DhhD Jan 2016 #40
And on Facebook. Luminous Animal Jan 2016 #10
Thanks, Luminous Animal.. Segami Jan 2016 #11
That post was 'liked' by the Bernie Sanders official presidential campaign Facebook profile. NT Eric J in MN Jan 2016 #27
Why is Clinton so averse to restoring Glass-Steagall? EndElectoral Jan 2016 #12
Didn't Bill Clinton repeal Glass Steagall? (nt) CoffeeCat Jan 2016 #15
Because the banks have told her so! nt sonofspy777 Jan 2016 #18
I've heard her say stupid things like "reinstating it isn't enough" arcane1 Jan 2016 #22
Because her co-president repealed it. Ino Jan 2016 #23
+1 Segami Jan 2016 #24
+ 2 red dog 1 Jan 2016 #31
Don't overlook DADT and DOMA, please. eom Betty Karlson Jan 2016 #37
IMO, Clinton's decision to repeal Glass-Steagall, (which FDR made law), was far worse red dog 1 Jan 2016 #44
I respect your position, but please understand mine: Betty Karlson Jan 2016 #46
Bernie/Warren 2016 azmom Jan 2016 #13
Let's make it so! Segami Jan 2016 #14
K&R CharlotteVale Jan 2016 #16
knr Douglas Carpenter Jan 2016 #17
HUGE K & R !!! - THANK YOU !!! WillyT Jan 2016 #19
K & R! SoapBox Jan 2016 #25
...but...but..last year Warren said Hillary was "terrific". bvar22 Jan 2016 #26
Hillary fails to see what Bernie and Elizabeth clearly see. jwirr Jan 2016 #28
She added another tweet. Motown_Johnny Jan 2016 #29
Sorry, but this isn't the time for politics. Hillary's Wall Street reform is a joke. n/t Skwmom Jan 2016 #30
+1 red dog 1 Jan 2016 #33
K&R!!! red dog 1 Jan 2016 #34
Good Rosa Luxemburg Jan 2016 #35
Kicked and recommended! Enthusiast Jan 2016 #36
Far, far more meaningful than saying a politician is "terrific." senz Jan 2016 #38
I'll agree. It is a good idea. She's right. Amimnoch Jan 2016 #39
And then she came back and made sure to Gloria Jan 2016 #41
K&R Some tuck their tails at the idea of figthing for all our futures. raouldukelives Jan 2016 #42
Funny how Sen Warren praised Hillary Clinton's Wall Street plan too.... Historic NY Jan 2016 #43
MSNBC said awhile ago Go Vols Jan 2016 #45
Latest Discussions»Retired Forums»2016 Postmortem»Elizabeth Warren PRAISES ...»Reply #28