Sen. Elizabeth Warren shows support for Hillary Clinton's Wall Street plan

[Beet]

It won't matter if Hillary has a better policy plan to tackle wall street. Bernie still has more credibility on it because he hasnt taken speaking fees from Goldman Sachs. He isn't taking massive donations from Wall street. I am Hillary supporter so don't come at me.

Well, she can't exactly give back the money now, even if she wanted to it would look like a gimmick.

But it's worth pointing out that over 90% of those "Wall Street donations" are just donations from individuals who happen to work at a bank. So if Sally the teller donated $100 to her, it counts as a donation from Citigroup. And since Hillary was Senator from New York, a disproportionate number of her constituents worked in the financial industry. There aren't that many banks in Vermont.

Now I know that argument probably won't fly but it's worth putting out there.

[Beet]

Glass Steagall is the reason Lehman Bros. collapsed.

Without Glass Steagall, its operations would have been the branch of a bank holding company like Bank of America. The Federal Reserve would then have been authorized to come to the rescue. A rescue at that point would have been much cheaper than the multiple rescues that were later required after Lehman's failure. All the investment banks converted to bank holding companies after Lehman for a reason.

The point is, risky lending is risky lending no matter how you splice and dice it. Clinton's plan is better because it goes after the behavior itself.