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Democratic Primary Debate VI: Raid Time 2/11 9PM EST

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Raxus

Member
They are REALLY going into it on this. Should have seen this coming though. Bernie's bread and butter has been the economy and finance reform.
 

nillah

Banned
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Pastry

Banned
Hillary came out of that okay.

Stuck to Obama and fought until the commercial, all she could do really. It'll play well with the general
 
Now when she says "No bank is too big to fail."

Is she making an observation or trying to say "No bank should be to big to fail."

Dodd Frank contains language to unwind large banks that didn't exist prior. That's what she means when she says no bank is too big to fail, because the government can dismantle them now.

That wasn't the case when the economy melted down.
 

nib95

Banned
And back to wall street, ugh

Because it's a gargantuan issue that has not been remotely sorted and needs vigorous aggression and attention, in the hopes it will not again crumble the global economy all over again, and with it ruin millions of lives all over again too. Millions of some of the already most impoverished and socioeconomically vulnerable.
 
So, again, as in the last debate: Three of the four banks are bigger because they swallowed up the failing banks at the behest of the government. Citi is smaller.
The institutions that led to the financial crisis would not have been affected by a Glass Steagall type separation.
 
I hope Bernie has boned up on his foreign policy. He's been doing very well so far, but he got clobbered on it last time.

If he takes a hit like that again, he won't look too hot.
 
Man, so Hillary once again whiffed on contributions and Wall Street. Like a deer in the headlights.

Wonder if we'll see exactly the same when it comes to Bernie and foreign policy.

Bernie not doing himself favors tearing down Obama in this debate. South Carolina dem base lives him.
You can't hold up Obama as the example of Wall Street accountability.
 

B-Dubs

No Scrubs
So, again, as in the last debate: Three of the four banks are bigger because they swallowed up the failing banks at the behest of the government. Citi is smaller.

You're making too much sense for this argument.

Rubio already demonstrated and Bernie isn't exactly a stranger repetition. We already got the message that she'll the Obama 2.0.

The point is that by doing that Bernie looks like he's attacking Obama, which he also does without her help, and it helps keep minority voters and the rest of the Obama coalition in her corner.
 

Kthulhu

Member
Politicians have been chipping away at Dodd Frank since it was implemented. Hillary needs to advocate for bringing back Glass Steagall.
 
Dodd Frank contains language to unwind large banks that didn't exist prior. That's what she means when she says no bank is too big to fail, because the government can dismantle them now.

That wasn't the case when the economy melted down.

That's false.

Prompt Corrective Action Law (PCA)
 

Tabris

Member
Canada has five banks that hold a massive percentage of the market there, so please don't come with that.

Regardless, most of what the banks did before the crisis was perfectly legal.

Those five banks are not allowed to merge.

They have to report quarterly to government. There are huge regulations around. They have to split their businesses to avoid the kind of corruption you see in WS banks.

Also, remember, Canada is 1/10th the population of the US. So the equivalent for America would be to have 50 major banks.
 
Hilary sticking hard to Obama, and Bernie sticking hard to his Wall Street talking points. About what I expected, but Bernie got some really solid hits in here.
 
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