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2016 Postmortem
Related: About this forumDC Press Corps Spins Itself Silly Over Sanders’ Specifics
I think sillier would be a better description of the HC-supporters conduct, which includes those that benefited from her husband signing that 1996 Telecom Act into law. But we know how it goes -- they'll cling to their talking points like a Pee Partier does their guns and bibles -- with the mythical tenacity of a Gila Monster -- and similarly, they'll retain some vestige of truth to them long after they are thoroughly debunked.
Among the frenzied were the Washington Posts Chris Cillizza, The Atlantics David Graham and Vanity Fairs Tina Nguyen, with CNNs Dylan Byers telling about it all. Having read the transcript of the interview, I would say that I certainly would have liked to see more specificity in Sanders answers, but Im an economist. And some of the complaints are just silly.
When asked how he would break up the big banks, Sanders said he would leave that up to the banks. Thats exactly the right answer. The government doesnt know the most efficient way to break up JP Morgan; JP Morgan does. If the point is to downsize the banks, the way to do it is to give them a size cap and let them figure out the best way to reconfigure themselves to get under it.
The same applies to Sanders not knowing the specific statute for prosecuting banks for their actions in the housing bubble. Knowingly passing off fraudulent mortgages in a mortgage-backed security is fraud. Could the Justice Department prove this case against high-level bank executives? Who knows, but they obviously didnt try.
And the fact that Sanders didnt know the specific statutewho cares? How many people know the specific statute for someone who puts a bullet in someones head? Thats murder, and if a candidate for office doesnt know the exact title and specifics of her state murder statute, it hardly seems like a big issue. http://fair.org/home/dc-press-corps-spins-itself-silly-over-sanders-specifics/
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DC Press Corps Spins Itself Silly Over Sanders’ Specifics (Original Post)
stupidicus
Apr 2016
OP
daleanime
(17,796 posts)1. K&R....
Jitter65
(3,089 posts)2. So he wants to leave it up to the banks to break themselves up? Huh? nt
stupidicus
(2,570 posts)3. good grief
try reading it again
Motown_Johnny
(22,308 posts)4. How did you miss this?
When asked how he would break up the big banks, Sanders said he would leave that up to the banks. Thats exactly the right answer. The government doesnt know the most efficient way to break up JP Morgan; JP Morgan does. If the point is to downsize the banks, the way to do it is to give them a size cap and let them figure out the best way to reconfigure themselves to get under it.
Does a cop tell you exactly how to drive? No, they tell you what you can't do and you do what is allowed.
The way to break up the banks is to explain what they can't be and allow them to alter themselves to fit within those parameters.
How is that confusing to anyone?
stupidicus
(2,570 posts)5. I've wore a figurative hole in my head this morning scratching it
over Hillarians here and elsewhere posting stuff like that.
I'm guessing that abysmal reading comp skills might play a larger role in their status as her supporters than they'd be willing to admit... lol