Quote:Hillary Clinton slams Wall Street for the financial crisis, but continues to take donations from top dogs.
That's right she 'slams them', continues to support Dodd-Frank and promote the positions below. Sure sounds like no quid pro quo to me.
Maybe she 'takes the donations' because......Wall Street chooses to give them to the candidate they know will promote financial polices that will support corporate earnings, stock market valuations and the economy as a whole?
There IS historical support for associating better performance in all three areas with a Dem President.
Quote:Make sure no financial firm is ever too big or too risky to be managed effectively. Hillary’s plan would give regulators more authority to force overly complex or risky firms—including banks, hedge funds and other non-bank financial institutions—to reorganize, downsize, or break apart.
https://www.hillaryclinton.com/issues/wall-street/
Quote:“Our banking system is still too complex and too risky. … While institutions have paid large fines and in some cases admitted guilt, too often it has seemed that the human beings responsible get off with limited consequences—or none at all, even when they’ve already pocketed the gains. This is wrong, and on my watch, it will change.”
Hillary, July 13, 2015
The financial crisis showed how irresponsible behavior in the financial sector can devastate the lives of everyday Americans—costing 9 million workers their jobs, driving 5 million families out of their homes, and wiping out more than $13 trillion in household wealth. Hillary Clinton has a plan to reduce the risk of future crises and make our financial system fairer and more accountable.
Hillary’s plan will tackle dangerous risks in the financial system:
Impose a risk fee on the largest financial institutions. Big banks and financial companies would be required to pay a fee based on their size and their risk of contributing to another crisis.
Close loopholes that let banks make risky investments with taxpayer money. The Volcker Rule prohibits banks from making risky trading bets with taxpayer-backed money—one of the core protections of the post-financial crisis Wall Street reforms. However, under current law these banks can still invest billions through hedge funds, which are exempt from this rule. Hillary would close that loophole and strengthen the law.
Hold senior bankers accountable when a large bank suffers major losses. When a large bank suffers major losses with sweeping consequences, senior managers should lose some or all of their
bonus compensation.
Make sure no financial firm is ever too big or too risky to be managed effectively. Hillary’s plan would give regulators more authority to force overly complex or risky firms—including banks, hedge funds and other non-bank financial institutions—to reorganize, downsize, or break apart.
Tackle financial dangers of the “shadow banking” system. Hillary’s plan will enhance transparency and reduce volatility in the “shadow banking system,” which includes certain activities of hedge funds, investment banks, and other non-bank financial companies.
Impose a tax on high-frequency trading. The growth of high-frequency trading has unnecessarily placed stress on our markets, created instability, and enabled unfair and abusive trading strategies. Hillary would impose a tax on harmful high-frequency trading and reform rules to make our stock markets fairer, more open, and transparent.
Hillary would also hold both corporations and individuals on Wall Street accountable by:
Prosecuting individuals when they break the law. Hillary would extend the statute of limitations for prosecuting major financial frauds, enhance whistleblower rewards, and provide the Department of Justice and the Securities and Exchange Commission with more resources to prosecute wrongdoing.
Holding executives accountable when they are responsible for their subordinates’ misconduct. Hillary believes that when corporations pay large fines to the government for violating the law, those fines should cut into the bonuses of the executives who were responsible for or should have caught the problem.
And when egregious misconduct happens on an executive’s watch, that executive should lose his or her job.
Holding corporations accountable when they break the law. Hillary will make sure that corporations can’t treat penalties for breaking the law as merely a cost of doing business, so we can put an end to the patterns of corporate wrongdoing that we see too often today.
