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Clinton’s Plan To Reform Wall St: “Less Aggressive Than…Many In Her Party Want”

- December 18, 2015

Clinton's Democrat Presidential Opponents Have Been "Attacking" Her New Wall Street Reform Plan, Primarily Citing Her Opposition To Glass-Steagall As A "Glaring Omission." "Hillary Clinton's primary opponents are attacking her new plan for tightened financial regulations, arguing it would not do enough to police Wall Street. The front-runner for the Democratic nomination unveiled a plan Thursday that she said would strengthen Wall Street regulations, but her rivals for the Democratic nomination said it has one glaring omission: a failure to reinstate the Glass-Steagall law." (Kevin Cirilli, "Clinton's Wall Street Plan Comes Under Attack," The Hill, 10/8/15)

In Reaction To Clinton's Wall Street Plan, Certain Wall Street Reform Groups Have Said "They Weren't Sure" Clinton's Plan "Went Far Enough. " "Wall Street reform groups praised Clinton for putting forward a plan, but said they weren't sure it went far enough. 'One key concern with the Clinton plan is the lack of a strong structural firewall and what appears to be an overreliance on regulators,' said Dennis Kelleher, president of the Wall Street reform group Better Markets, in a statement." (Kevin Cirilli, "Clinton's Wall Street Plan Comes Under Attack," The Hill, 10/8/15)

The Wall Street Journal: Clinton's Proposals Are "Less Aggressive Than What Many In Her Party Want." "But they are less aggressive than what many in her party want, and some analysts suggested that, despite the harsh rhetoric in Mrs. Clinton's plan, the financial industry should breathe a sigh of relief she didn't go further to win over the liberal wing of her party." (Laura Meckler and Ryan Tracy, "Clinton Proposes Big Bank 'Risk Fee,' The Wall Street Journal, 10/8/15)

The Huffington Post: Clinton's Wall Street Reform Plan "Look Like Baby Steps" Compared To Bernie Sanders' Plan. "Sanders has taken a much harder line on Wall Street, consistently calling to break up the largest financial institutions. But while Clinton's top-line items on executive accountability look like baby steps compared to Sanders' plan, they are baby steps that the Obama administration has refused to take, and could significantly curb bad behavior on Wall Street." (Zach Carter, "Hillary Clinton's Wall Street Reform Plan Is A Rebuke To The Obama Administration," The Huffington Post, 10/8/15)


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