Senator Bernie Sanders visited New York City's Town Hall and made his case to break up "too big to fail" commercial banks. He pointedly attacked Hillary Clinton for being too lax with her plan to regulate Wall Street. Sanders says that Congress should be the one regulating Wall Street and not the other way around. He claims that banks need to stop taking advantage of poorer Americans who need more affordable banking options and that he would allow post offices to engage in basic banking services to fix this issue. Clinton pushed back on Sander's statements arguing that she was tougher on the shadow banking sector and that she has a broader, more comprehensive set of policies for Wall Street What do you think of Sanders' proposals? Is his plan too extreme? What of Clinton's proposals, are her plans for Wall Street too weak or too tough?
Wednesday, January 6, 2016
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I don't think Sanders' proposals are too extreme. They're more comprehensive than Clinton's, and they're more specific, too - Sanders listed exactly what he would do during his presidency to improve the economic situations of poorer Americans. Clinton only said that her plans are "tougher and more comprehensive," and she didn't explain in detail what her plans actually are.
ReplyDeleteI agree with Julia in that Sanders' proposals are a lot more specific than Clintons'. Clinton's policy on Wall Street regulation isn't as clear as Sander's. Although I'm not sure how his regulations would fair realistically in changing the dynamic between Wall Street and Congress but Sanders' proposals are definitely tougher than anything Clinton has proposed.
ReplyDeleteI agree with Julia in that Sanders' proposals are a lot more specific than Clintons'. Clinton's policy on Wall Street regulation isn't as clear as Sander's. Although I'm not sure how his regulations would fair realistically in changing the dynamic between Wall Street and Congress but Sanders' proposals are definitely tougher than anything Clinton has proposed.
ReplyDeleteI agree, Sanders's proposals are much more detailed and specific than Clinton's. I don't think that his plans are too extreme and that more effort should be made to regulate Wall Street. However I do not know what will work and what will not work.
ReplyDeleteI think Sanders' proposals are rather reasonable. Sanders' proposals are a lot more specific than Clinton's, which will appeal to voters. I find it hard to believe that Sanders, or any candidate for that matter, will be effective in removing Wall Street's influence on congress.
ReplyDeletePersonally, I believe Sanders' proposal to be a little big, but I agree that he has more laid-out and definitive plans than Hillary. It will take a lot for him to implement any plan that would take out Wall Street's influence on Congress, so I think jumping to that quick resolution is a bit irrational and will take more time and baby steps to ultimately reach that goal.
ReplyDeleteI agree with Sanders' proposals to regulate the large banking conglomerates and appreciate his specificity. Clinton has not been specific about the actions she would take. There is an obvious conflict of interest in any of Clinton's plans, however, as some of her largest donors are banks. I have not heard her address this issue yet.
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