Bernie Sanders campaign now has the support of over 60 experts and counting. They support his Wall Street plan over Hillary Clinton’s. Clinton, sadly, has exaggerated the positive endorsements of her plan. Senator Sander’s Wall Street plan is so reasonable, there is no need for exaggeration.
The Fact Checker investigated Clinton’s speech in Sioux City, after she stated, “everybody who’s looked at my proposals says my proposals are tougher, more effective, more comprehensive” than Democratic presidential candidate Sen. Bernie Sanders’s.” They found problems with it. And this was after she had been caught in another “misinformation” statement.
Best to read and compare the two plans yourself:
As you’ll see, Bernie Sanders has focused on breaking up big banks and reinstating a modern Glass-Steagall Act to separate investment from commercial banking. Clinton has not embraced this idea, saying she does not think it’s necessary.
Clinton has, instead, focused on stricter enforcement of the financial regulations and strengthening aspects of the Dodd-Frank Act. She also wants to impose risk fees on the largest financial institutions.
Which plan will actually have an impact? There’s no doubt Bernie’s plan shakes things up. Rich bankers will genuinely be frightened by a breakup and reorganization of the banks. Aside from shaking up the status quo, their individual incomes would be reduced and ugly little side deals would be broken up.
Hillary’s plan seems to support the status quo. More of the same, with harsher “financial” penalties, though not too harsh. Ask yourself why?