By Dan Calabrese ——Bio and Archives--February 6, 2016
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I guess she just plays this card whenever she can't think of anything else to say, which is some combination of two things: 1. Her own lack of intelligence; 2. Her lack of confidence in yours.
Yeah, this'll shut 'em up! There's no way to respond to this!The long-standing arrangement between Democrats and financial giants like Goldman is that the politicians collect money and get to pose as populists by publicly attacking the big banks, and in return the big banks enjoy high regulatory barriers that prevent smaller firms from competing with them. New York Sen. Chuck Schumer has perfected this bargain, which may have reached its zenith with the Dodd-Frank law of 2010, which brought Wall Street giants and Washington into a historically intimate embrace. Yes, Wall Streeters love to complain about Dodd-Frank, but they also know it virtually ensures that no upstart finance company in the Midwest is going to challenge Goldman’s position in global finance. “More intense regulatory and technology requirements have raised the barriers to entry higher than at any other time in modern history,” said Goldman CEO Lloyd Blankfein last year. “This is an expensive business to be in, if you don’t have the market share in scale.” Mrs. Clinton has been trying to enjoy the customary privileges—squeezing every nickel she can out of New York’s financial district while suggesting that she too is a progressive who wants to occupy the place. Her problem is that she’s now running for her party’s nomination against Bernie Sanders, who actually means what he says about bankers. And she’s running in a party that, thanks to Mr. Obama, increasingly looks at finance not as an essential part of the economy that needs to be moved outside the taxpayer safety net, but as a den of thieves populated by people who ought to be in jail.Hillary plays this game exactly the way the people surrounding Bill set it up for her to play. She's certainly not "going after" her Wall Street patrons, and she's certainly not going to "break them up" or put them in jail. Her job is to make sure no uppity startup can present them with any problems, and in exchange for these services, they will shell out cash and occasionally sit and listen to her screeching. The suggestion that the establishment is terrified of this woman becoming president is one of the biggest howlers she's tried to sell. Yeah, she's a woman running to be the first president all right. And you might be wondering where her support would possibly come from since just about no one shows any enthusiasm for her. Yet she's got all kinds of campaign cash and all the most powerful consultants in her camp. How did that happen? It sure didn't happen because the "establishment" is terrified of her. Anyone can figure that out.
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