One senator finally ‘endorses’ Bernie Sanders

“Yes, we can make our economy work for all Americans, not just a handful of wealthy speculators”. Sanders has made regulating Wall Street a focus of his primary bid, with calls to curb the political influence of “millionaires and billionaires” at the core of his message.

/ Wall Street is feeling the Bern. And that’s exactly what we need to do.

Since 1977, the Fed has been mandated by Congress to pursue a “dual mandate” of maximum employment and low inflation, but Fed officials are often criticized for pursuing one at the expense of the other. Sanders’s campaign has also signed a fundraising agreement with the DNC but did not raise anything for it in the fourth quarter, though it says it will moving forward. “I’ll have your back”, Clinton said.

“If a bank is too big to fail, it is too big to exist. It came from the federally-insured bank deposits of big commercial banks – something that would have been banned under the Glass-Steagall Act”.

During the course of his remarks, the presidential candidate specifically named several companies when talking about what he sees as reckless and monopolistic behavior on Wall Street, including Bank of America, Citigroup, JP Morgan Chase and others.

Sanders presented a sweeping plan to rein in the greed of the nation’s biggest financial institutions, drawing sharp contrasts with Sec. At the December 19 Democratic debate, Clinton was asked whether corporate America should love her. Elizabeth Warren (D-MA) used her Facebook page to commend Sanders’ proposed dismantling of the so-called too-big-to-fail financial institutions.

SANDERS: The number one reason I think is that the issues that we are talking about, the disappearing middle class, massive levels of income and wealth inequality, the fact that Wall Street’s greed has had a huge impact on the lives of millions of people, people want leadership now to stand up to the big money interests, protect working people. AFP Book Publishing Augusta Free Press Publishing has produced books in-house and assisted more than 17 authors with book publishing and production services since 2003.

Bernie Sanders, Senator Bernie Sanders here now, Democratic presidential candidate.

Sanders noted that he intends to take a completely different approach from fellow presidential candidate Hillary Clinton when addressing greed within Wall Street.

“Any plan to further reform our financial system must include strong provisions to tackle risks in the “shadow banking” system, which remains a critical source of potential instability in our economy”, Gensler said in a statement. And he promised to take a tougher tact against industry abuses, noting that major financial institutions have been fined only $204 billion since 2009.

Senator Sanders and Secretary Clinton during October’s Democratic debate.

“To those on Wall Street who may be listening today, let me be very clear”.

ZARROLI: All of this was wildly popular with the crowd, which laughed and applauded and even, at one point, finished his sentence for him.

Clinton’s plan calls for greater transparency from financial institutions to “measure risks”, higher “collateral and margin requirements” for short-term borrowing and make sure new financial regulations adequately “protect taxpayers”. He pointed out that under his governorship, Maryland had been the first state in the union to introduce a living wage, and that he had also passed a climate change bill, the Dream Act, marriage equality legislation and eliminated the death penalty.