Hillary knows that the disastrous legislation, the Commodity Futures Modernization Act (CFMA), had nothing to do with Sanders and everything to do with then-President Bill Clinton, who devoted his presidency to sucking up to Wall Street. Clinton signed this bill into law as a lame-duck president, ensuring his wife would have massive Wall Street contributions for her Senate run.
Early this year President Obama spoke before the Cleveland Club. After the speech 7th grader Alura Winfrey inquired, "If you could go back to the first day of your first term what advice would you give yourself?" Obama reflected for a moment and then blithely explained he would have worked harder to sell his economic policies.
Go ahead and support Hillary Clinton, those of you for whom having the first female president is the top priority. Just admit that you will be voting for someone who has not only been profoundly wrong on the two most pressing issues of our time--economic injustice and the ravages of unbridled militarism--but seems hopelessly incapable of learning from her dangerous errors in judgment.
Hillary Clinton won't propose reinstating a bank break-up law known as the Glass-Steagall Act - at least according to Alan Blinder, an economist who has been advising Clinton's campaign. "You're not going to see Glass-Steagall," Blinder said after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall. This is a big mistake. It's a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks. It's a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we're in danger of another one.