Hillary Clinton on Colbert: I would let the big banks fail

28 Oct 2015 | Author: | No comments yet »

Hillary Clinton Gets Serious About Breaking Up Big Banks on Stephen Colbert.

Hillary Clinton made her first visit to “the cathedral of Colbert,” as she called it, appearing on “Late Show with Stephen Colbert” on Tuesday and quipping with the host about potential GOP challengers Donald Trump and Ben Carson.After weeks of testing out her positions on income inequality and Wall Street regulation in the financial press, Hillary Clinton brought her message to an unlikely venue: the late night comedy circuit.NEW YORK (AP) — It should come as no surprise, but when Hillary Rodham Clinton kicks back for a little pleasure viewing, she gravitates to TV dramas about government and law.Democratic presidential frontrunner Hillary Clinton appeared on NBC’s “The Late Show” with Stephen Colbert Tuesday night and joked about her time before the Benghazi Select Committee, as well as the HBO TV series “House of Cards.” Clinton laughed and told Colbert she had slept late and had “tried to get away with as little as I could get away with.” The audience, however, did not pick up on the humor, that she had re-watched all 11 hours of the Benghazi hearing.

The group launched “Let’s Talk Hillary” on Monday, highlighting the Democratic frontrunner’s personal and professional accomplishments as told by the people who know and love her and by those who have been helped by her over the years. “There are so many families and individuals in this country with stories about how Hillary Clinton’s kind words, friendship or record of service have changed their lives for the better, and they are sick and tired of all the lies that are told about her by the far right and the media,” said David Brock, founder of Correct The Record. If Clinton were president, Colbert asked, “and the banks are failing, do we let the banks fail this time?” “Look at what happened in ’08, we had a big insurance company that had to be bailed out, we had an investment bank, Lehman Brothers, that failed. ” Three weeks ago, Clinton published an op-ed on Bloomberg View outlining her plan to “Prevent the Next Crash.” On Tuesday, she returned to financial matters, focusing on the need to bolster the middle class. “We have to raise the minimum wage,” Clinton continued. “It’s a poverty wage now. When asked whether she’d rather run against Trump, a billionaire businessman, or Carson, a retired neurosurgeon who has surged to the top of the field of GOP hopefuls in Iowa, Clinton demurred. “I’m going to leave that to the Republicans,” she said. “If I say one or the other it might influence some people and I don’t want to have any influence on it.” Colbert, who became host of the “Late Show” in September, has interviewed several White House hopefuls, including Trump and former Florida Gov. She admitted to being “a little” jealous that Madeleine Albright, the first female secretary of state, appeared in a recent cameo on the show, according to the AP. A website with the first two videos launched Monday on Clinton’s 68th birthday, featuring Arkansans talking about Clinton’s advocacy for children and families as the state’s first lady and friends wishing her a happy birthday.

We have to look at the whole financial system and my plan does that.” Her stated refusal to bail out the big banks—to let them fail, if a 2008 scenario were to repeat itself—was a crystallization, a hardening, of her economic position. “First of all, under Dodd-Frank, that is what will happen because we now have stress-tests and I’m going to impose a risk fee on the big bank if they engage in risky investor,” she said. “And they have to know, what their shareholders have to know is, yes, they will fail. Staab/CBS via AP) Clinton, the Democratic front-runner in the 2016 race, became the fifth White House hopeful from both parties to appear with Colbert since he took over CBS’ “Late Show” last month. And if they’re too big to fail, then, under my plan and others that have been proposed, they may have to be broken up.” Sitting in matching orange-red and black, perhaps a nod to Halloween, Clinton laughed as Colbert displayed pictures of Clinton in various earlier stages of life: Halloween costume ideas, he said. He acknowledged that, in his past alter ego as a conservative blowhard hosting Comedy Central’s “The Colbert Report,” he had played a character “who didn’t care for you.” Clinton answered that she wants to make it possible for more people, particularly young people, “to live up to their God-given potential,” while she helps defend women’s rights, gay rights and voting rights. Colbert suggested that, with another Clinton in the White House, Americans were being promised an encore of the 1990s, and asked plaintively, “Do I have to wear parachute pants?” “I’m not running for my husband’s third term,” Clinton declared. “I’m not running for President Obama’s third term.

Let me tell you something, I’ve about had it with these people,” he told supporters at an Ohio rally Tuesday, according to a transcript provided by NBC News. He then shifted his focus to Donald Trump, whose immigration proposal has galvanized his supporters but drawn scrutiny among immigrant-rights groups for, among other proposals, his plan to deport all of the 11 million or so people in the U.S. illegally. “We got one guy who says we ought to take 10 or 11 million people and pick them up. … We’re gonna go into their homes, their apartments,” he said. “We’re gonna pick them up and we’re gonna take them to the border and scream at them to get out of our country.

While at a Southern California reception last month, while praising Latinos, he also talked about rewarding them but referred only to tipping hotel maids. During Kasich’s rally Tuesday in Ohio, he questioned the direction his party is going, particularly as candidates move to the right to appeal to core voters who turn out for the party’s primaries.

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