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October 14, 2015

Bernie Sanders And Hillary Clinton Tout Wall Street Reform, But Who’s Toughest On Big Banks?

“The two top Democratic batters took big swings at Wall Street during the party’s first presidential primary debate Tuesday. Although their rhetoric puts them on the same team, Bernie Sanders and Hillary Clinton are proposing financial reform agendas that show clear philosophical differences.”

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“Still, policy experts see similar themes in the two candidates’ plans. “They’ve all said the same thing,” said Dennis Kelleher, president of the financial reform group Better Markets. “If it’s too big to fail, it’s too big to exist.”

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“Kelleher also doubts the plans proposed by Clinton, Sanders and O’Malley could come to fruition. “All three plans rely too much on some magical future Congress passing legislation getting tough on Wall Street.”

“Despite similarities, though, Clinton and O’Malley have released far more comprehensive plans than Sanders. Advocates of a get-tough approach to the financial industry are wondering whether Sanders will unveil a fuller agenda. “Bernie is light on details and scope,” says Kelleher.

“Clinton’s lengthy proposals surprised some analysts who wondered how tough she would get on an industry that has provided the lion’s share of her campaign funding.”

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Read the full International Business Times article by Owen Davis here.

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