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OpEdNews Op Eds    H3'ed 10/21/15

Clinton vs Sanders vs O'Malley On Fixing Banking

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-- No one doubts that Sanders, with his 100 percent Candidate Scorecard rating is independent of Wall Street and potential regulatory capture -- his net worth after 25 years in the Congress is around $330,000 and that includes his residence -- and will be extremely tough both with policy and enforcement.

-- O'Malley is stressing his positions on and independence from Wall Street. He also has a 100 percent Candidate Scorecard rating and solid proposals. His position paper stresses enforcement. His net worth is less than $256,000. ("That's after subtracting the $339,000 in student loans that he owes for his daughters' college educations...")

-- Clinton is offering a comprehensive plan to bring the big banks under control. She has also offered a "revolving door" plan that goes after bonuses from Wall Street firms and delays for three years any lucrative compensation for people who leave government after doing favors for the companies that might hire them. But her own net worth is between $15.3 million and $55 million, and this does not include the assets of her husband Bill. Much of this is from giving extremely lucrative speeches to Wall Street firms (for which some of the proceeds are donated to the Clinton Foundation). Yet Krugman says we can probably trust her to enforce the rules because Wall Street isn't giving her any money now.

It all comes down to trust. Which candidate do you trust to regulate the big banks and bring in people who will enforce the rules?

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