Discussion: Sanders Faces Biggest Test Yet In 2nd Democratic Debate Tonight

Discussion for article #242844

One thing I am certain of is this: All three of those in the debate will speak and act as adults, and will give thoughtful answers.

I just hope the questions are worthy.

Regardless, it will be in stark contrast to the “Amateur Hour” display of the GOP in their debates and recent comments.

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The problem for Sanders is that Clinton agrees with him on some of the core domestic issues of his campaign, having shifted to the left in recent weeks to oppose construction of the Keystone XL pipeline and the Trans-Pacific Partnership trade deal.

That paragraph really made me laugh! let’s fix it:

The problem for Sanders is that Clinton a̶g̶r̶e̶e̶s̶ ̶w̶i̶t̶h̶ ̶h̶i̶m̶ ̶o̶n̶ ̶s̶o̶m̶e̶ ̶o̶f̶ gives lip service to some of the core domestic issues of his campaign, having s̶h̶i̶f̶t̶e̶d̶ ̶t̶o̶ ̶t̶h̶e̶ ̶l̶e̶f̶t̶ resorting to lying about her positions in recent weeks to regarding opposition to construction of the Keystone XL pipeline and the Trans-Pacific Partnership trade deal.

Just like Obama and the telecom prosecution, public option etc. Want to keep selling off our nation to the highest bidder? Vote Hillary!

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I agree with Finn13 1000%. I view Hillary as just another corporatist. I’m hoping Bernie will hammer her on all the “position shifts” she’s pulled ever since voting for the invasion of Iraq.

Indeed, her shifting positions could accurately be described as "driftier than a sailboat in a hurricane."

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I have decided I just can’t vote for Clinton after she said she does not support bringing back Glass–Steagall. That was the last straw for me. She is trying to present herself as the new savior of the middle class, but she can’t seem to give up her plutocrat ways. The last thing this country needs is another Wall Street Bubble. I am voting for Bernie

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Like I’ve said, she’s just another Corporatist.

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what a crock of bullshit you are spouting. you are an embarassment to bernie’s supporters.

I have plenty of issues with Hillary Clinton, and agree more with Bernie Sanders on most issues.

But I also agree with Bernie that Hillary would be “infinitely better” than any of the Republicans.

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It’s important to note the financial sector abuses which caused the meltdown weren’t covered under Glass-Steagal. Ironically, bringing back Glass-Steagal would not prevent financial abuse by non banking entities which proved to be the most dangerous threat to our economy.

For this reason Hillary favors a law or set of laws which are much more inclusive of the arcane financial structures lurking in the system. Glass Steagal is something they want passed to eliminate their competition. Hillary does not want to give them a leg up.

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Thanks for that Finn. The sycophant who wrote this pathetic story is just more of the Hillary Coronation crowd who actually believe she deserves to be president and Bernie well, you know, he’s a socialist and according to that cow McCaskill Bernie is “extreme”.

“All the candidates quickly denounced the attacks in statements on Friday night”

Wonderful but only Hillary gets a photo and statement on TPM. You know, Bernie isn’t a “serious” candidate anyway.

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Christ Almighty, you sound just like her! LOL! Glass-Steagal was in place for 60 years before her husband and almost every Democrat in both Senate and House voted to help the Republicans make it go away. And what ensued after that. the greatest fraud in American history and the near destruction of the entire world’s financial foundation.

Hillary will be far worse than Obama in dealing with the banks. He took the easiest path (sold out) but Hillary has been the banks and corporate America’s sweetheart since her days on the Walmart board.

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I doubt anyone here would disagree with your post.

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I know there are some here who absolutely hate Hillary and some of you have good reasons. I hope all of you realize what is on the line if she gets the nomination and you choose to sit it out, Citizen’s United will be mild compared to what will happen if the GOP wins the White House and he/she gets to appoint at least two new justices to SCOTUS. Legal abortion will go away, voting rights will be merely a crumpled chapter in the history of the US. Your issues with Hillary would be minor compared to what the Koch brothers want.

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This one’s gonna be a booger. The subject is unquestionably in Hillary’s wheelhouse and though I’d love nothing more than a surprise from Bernie, he’s got his work cut out for him.

That’s a bit of a sneaky way of stating things. According to a 2003 Report by the Fed and Treasury Department, 12% of all bank holding companies had instead qualified as “financial holding companies” (enabled by the GLBA), and those companies held 78% of all bank holding company assets.

Joseph Stiglitz said it best.


“The most important consequence of the repeal of Glass-Steagall was
indirect - it lay in the way repeal changed an entire culture. Commercial
banks are not supposed to be high-risk ventures; they are supposed to
manage other people’s money very conservatively. It is with this
understanding that the government agrees to pick up the tab should
they fail. Investment banks, on the other hand, have traditionally
managed rich people’s money - people who can take bigger risks in
order to get bigger returns. When repeal of Glass-Steagall brought
investment and commercial banks together, the investment-bank
culture came out on top. There was a demand for the kind of high
returns that could be obtained only through high leverage and big
risktaking.”

Yes, there were other factors as Stiglitz notes:
“There were other important steps down the deregulatory path. One
was the decision in April 2004 by the Securities and Exchange
Commission, at a meeting attended by virtually no one and largely
overlooked at the time, to allow big investment banks to increase their
debt-to-capital ratio (from 12:1 to 30:1, or higher) so that they could
buy more mortgage-backed securities, inflating the housing bubble in
the process. In agreeing to this measure, the S.E.C. argued for the
virtues of self-regulation: the peculiar notion that banks can effectively
police themselves. Self-regulation is preposterous, as even Alan
Greenspan now concedes, and as a practical matter it can’t, in any case,
identify systemic risks - the kinds of risks that arise when, for instance,
the models used by each of the banks to manage their portfolios tell all
the banks to sell some security all at once”

But the important thing the repeal of Glass Steagall did was provide motive and a culture for big banks to get away from conservative banking, and instead get into high risk banking.

There is a reason why it is called high risk banking… So frankly my opinion is that Hillary is dead wrong on her assertion. Reinstating Glass Steagall obviously does not solve all problems, but it definitely will be a huge help.

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Don’t panic, most of us will vote for her if she is the nominee, we just are voting for Bernie in the primary. If she beats him, yes, she then gets my vote over any of the ass clowns on the other side.

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The repeal of Glass Steagall allowed “shadow banks” to get favorable loans of the previously off-limits commercial bank assets from the investment banks. Only another Glass Steagall type of absolute separation of commercial assets from high-stakes speculative traders will force them to make deals with their own assets and not the guaranteed assets of the rest of us, businesses included! Otherwise, the temptation and ability of the “masters of the universe” to regame the financial system for immense personal profit gambling the *house’s money" is irresistible.

The financial players understand this; Hillary understands this, which is why uttering “Glass Steagall” cleaves her tongue to the roof of her mouth. But without its restoration, her “cunning plan” to reform the financial system is only a 9-page, 59-page, 590-page fig leaf on a still-naked emperor!

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Expect a “gotta fight to protect Israel” cri de coeur from Hillary tonite.

It will be interesting to find out, since she’s tried to back off from her hawkish stance somewhat in the past few weeks.

Saturday night debate during college football season? Poor choice.