Tuesday, October 13, 2015

Key difference between Sanders & Clinton

See Robert Reich's article for the details. An edited excerpt:

"Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do?
Bernie Sanders says break them up and resurrect the Glass-Steagall Act that once separated investment from commercial banking. Hillary Clinton says charge them a bit more and oversee them more carefully. [...] Wall Street is on the road to another crisis. [...] Hillary Clinton’s proposals would only invite more dilution and finagle. The only way to contain the Street’s excesses is with reforms so big, bold, and public they can’t be watered down – busting up the biggest banks and resurrecting Glass-Steagall."

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