Audit The Fed: Round 45

[Maschine_Man]

Because of what? Some campaign rhetoric??????

At least he's not afraid to mention it and have it brought up. That's still closer than anything Hillary or Obama done.

Hillary is 100x worse when it comes to wall street corruption. But I'll let your own bias run with it

 

[FAH1223]

Auditing the Fed will just reveal that it's balance sheet has gone from $800 billion in 2008 to about $4 trillion now and that bailing out the banks isn't going to be possible in the next crash

 

[BaggerofTea]

At least he's not afraid to mention it and have it brought up. That's still closer than anything Hillary or Obama done.

Hillary is 100x worse when it comes to wall street corruption. But I'll let your own bias run with it

nikkas still bringing up Hillary. When Hillary was the only one of the two that actually articulate a reasonable response to dealing with Wall Street.

This is higher learning, not bullshyt spewing to push a narrative.


Hillary Clinton on Wall Street reform

Hillary’s plan will tackle dangerous risks in the financial system:

• Impose a risk fee on the largest financial institutions. Big banks and financial companies would be required to pay a fee based on their size and their risk of contributing to another crisis.
• Close loopholes that let banks make risky investments with taxpayer money. The Volcker Rule prohibits banks from making risky trading bets with taxpayer-backed money—one of the core protections of the post-financial crisis Wall Street reforms. However, under current law these banks can still invest billions through hedge funds, which are exempt from this rule. Hillary would close that loophole and strengthen the law.
• Hold senior bankers accountable when a large bank suffers major losses. When a large bank suffers major losses with sweeping consequences, senior managers should lose some or all of their bonus compensation.
• Make sure no financial firm is ever too big or too risky to be managed effectively. Hillary’s plan would give regulators more authority to force overly complex or risky firms—including banks, hedge funds and other non-bank financial institutions—to reorganize, downsize, or break apart.
• Tackle financial dangers of the “shadow banking” system. Hillary’s plan will enhance transparency and reduce volatility in the “shadow banking system,” which includes certain activities of hedge funds, investment banks, and other non-bank financial companies.
• Impose a tax on high-frequency trading. The growth of high-frequency trading has unnecessarily placed stress on our markets, created instability, and enabled unfair and abusive trading strategies. Hillary would impose a tax on harmful high-frequency trading and reform rules to make our stock markets fairer, more open, and transparent.

Hillary would also hold both corporations and individuals on Wall Street accountable by:

• Prosecuting individuals when they break the law. Hillary would extend the statute of limitations for prosecuting major financial frauds, enhance whistleblower rewards, and provide the Department of Justice and the Securities and Exchange Commission with more resources to prosecute wrongdoing.
• Holding executives accountable when they are responsible for their subordinates’ misconduct. Hillary believes that when corporations pay large fines to the government for violating the law, those fines should cut into the bonuses of the executives who were responsible for or should have caught the problem. And when egregious misconduct happens on an executive’s watch, that executive should lose his or her job.
• Holding corporations accountable when they break the law. Hillary will make sure that corporations can’t treat penalties for breaking the law as merely a cost of doing business, so we can put an end to the patterns of corporate wrongdoing that we see too often today.

Please be smarter than this

 

[BaggerofTea]

Auditing the Fed will just reveal that it's balance sheet has gone from $800 billion in 2008 to about $4 trillion now and that bailing out the banks isn't going to be possible in the next crash

Would be interesting on the exact percentage of US debt is owned by the feds and factors in the decision making process of taking that debt on

 

[Lucky_Lefty]

Accuracy and accountability (theoretically).

What's there to lose by auditing them?

Okay, if we're going to do that, I want DoD to open them discretionary and sustainment books that are super vague and pertain to special forces missions and whatnot. Guarantee you it's a lot of fw&a in that portion of the NDAA

 

[Maschine_Man]

nikkas still bringing up Hillary. When Hillary was the only one of the two that actually articulate a reasonable response to dealing with Wall Street.

This is higher learning, not bullshyt spewing to push a narrative.


Hillary Clinton on Wall Street reform



Please be smarter than this

Now sid she say that in public or private?

 

[BaggerofTea]

Now sid she say that in public or private?

Didn't Trump say that things are "negotiable?"