{"id":31720,"date":"2015-12-19T07:29:46","date_gmt":"2015-12-19T06:29:46","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=31720"},"modified":"2015-12-20T05:43:21","modified_gmt":"2015-12-20T04:43:21","slug":"31720","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/31720\/","title":{"rendered":"Is Banking Reform Possible?"},"content":{"rendered":"

Mrs. Clinton is ducking the big issues about big banks.<\/p>\n

William Cohan writes:\u00a0 \u00a0The new movie \u201cThe Big Short\u201d dredges up a lot of bad memories of how badly the country was screwed by Wall Street. It goes into what went horribly wrong inside the big banks seven years ago and how a small group of clever traders made fortunes betting on the crash of the American economy. After they figured out that Wall Street bankers and traders had stuffed one bad loan after another into the mortgage-backed securities they sold as solid investments the world over, the guys devised the Big Short to bet against this crazy behavior. When the economy collapsed, they cashed in. And those were the\u00a0good guys<\/i>. It\u2019s not just the movie, of course, that brings back unhappy times. Judging from the kind of rhetoric being bruited about on the campaign trail, you would think Wall Street might be just a little antsy about public sentiment\u2014starting with Bernie \u201cbig-banks-are-always-bad\u201d Sanders and his astonishing rise in the Democratic race against Hillary Clinton. Even\u00a0top GOP candidates\u00a0like Donald Trump, Marco Rubio and Ted Cruz have been at it, channeling Elizabeth Warren\u2019s populist message against the Street.<\/p>\n

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But the truth is, Wall Street isn\u2019t the slightest bit worried these days. Indeed, it is happily making plans for the future, no matter who becomes president: Highly paid bank lobbyists are working overtime to gut Dodd-Frank regulations (as part of riders on the year-end budget bill). And what makes the elite of the Street most happy is they are hearing all the right things from Hillary Clinton, the near-certain Democratic nominee with an excellent shot at the White House. \u00a0Why Wall Street Isn’t Worried about the Political Class<\/strong><\/a><\/p>\n

\u00a0\"Laughing<\/a><\/div>\n

 <\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Mrs. Clinton is ducking the big issues about big banks. William Cohan writes:\u00a0 \u00a0The new movie \u201cThe Big Short\u201d dredges up a lot of bad memories of how badly the country was screwed by Wall Street. It goes into what … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,22,13],"tags":[],"class_list":["post-31720","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t