Clinton would let the big banks fail

by Justin da Rosa28 Oct 2015
Stephen Colbert asked Hillary Clinton if she would let the banks fail if the country were to find itself in a similar recession-era scenario – and her answer may surprise industry professionals.

If Clinton were president, Colbert asked, "and the banks are failing, do we let the banks fail this time?"

Her answer was … shall we say … emphatic.

“Yes,” the former secretary of state replied. “Yes, yes, yes, yes, yes.”

“First of all, under Dodd-Frank, that is what will happen because we now have stress-tests and I’m going to impose a risk fee on the big bank if they engage in risky investor," she continued. "And they have to know, what their shareholders have to know is, yes, they will fail. And if they're too big to fail, then, under my plan and others that have been proposed, they may have to be broken up.”

Clinton has certainly refused to shy away from discussing economic matters.

She recently wrote an op-ed for Bloomberg outlining her plan to prevent the next economic crash, and on Tuesday, while on Colbert’s “Late Show,” Clinton explained the importance of investing in the middle class.

“We have to raise the minimum wage,” Clinton said. “It’s a poverty wage now. It’s disgraceful that people are working full time and can’t get out of poverty. We need to incentivize for profit sharing—we need to continue to rein in the abuses in the financial system and particularly on Wall Street because it did contribute to the problems we had in the economy.”

With files from Bloomberg


  • by JCRussell | 10/28/2015 1:11:04 PM

    Typical blue state blarney.....

  • by | 10/28/2015 1:54:39 PM

    maybe all should remember her husbands policies and the repeal of the Glass Steagall act

  • by jas | 10/29/2015 9:30:30 AM

    The idea this woman is even being considered for ANY government position, shows just how far the intelligence of this nation has gone.

    Can anyone tell me ONE accomplishment of this woman that qualifies her to become the most powerful person in the world?

    What economic accomplishment?
    What legislation has she authored?
    What foreign policy accomplishment? What peace plan has she brokered?

    She has been a doormat for one of the most publicly sex-starved men ever and humiliated herself by putting up with that behavior.
    Her "arab spring" policy has left the middle east on fire.
    The Clinton foundation is rife with corruption, flush with money supplied from countries and donors with horrific women's rights and human rights records, all the while she is championing women's rights.

    Yet, here we are, confronting the possibility she could continue not only her husband's failed policies but the current president's policies.
    Put the final nail in the US economy if she somehow wins.


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