GOP Includes Reinstatement of Glass-Steagall Into Party Platform

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I remain unconvinced that Donald Trump will be as hard on Wall Street as many of his supporters think he’ll be if elected President, but some of the following from the Washington Post certainly represents a breath of fresh air.

CLEVELAND — Donald Trump is adding fuel to Wall Street anxiety about his candidacy, jabbing directly at big banks this week with new language in the official Republican party platform that calls for the restoration of the 1933 Glass-Steagall Act, a move that would force the break-up of large financial institutions.

The embrace of the controversial law, long championed on the left, is deepening the estrangement of the financial services sector from the presumptive Republican nominee, according to industry leaders and lobbyists, who are now struggling to assess what role and influence they would have in a Trump administration.

Absolutely none would be the right amount.

Tony Fratto, a former Treasury and White House official in the George W. Bush administration, called the embrace of Glass-Steagall “really dumb.” He suggested it could push pragmatically-oriented bankers toward Democratic contender Hillary Clinton.

“Push” bankers to Clinton. Are you kidding me? If they were pushed any closer together they’d be fused at the hip

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Hillary Clinton’s Full Speech to Goldman Sachs (Satire)

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Since we’re never going to get to see the full transcripts of Hillary Clinton’s multiple paid-for pandering sessions to Wall Street fraudsters, I bring you the next best thing.

What follows are excerpts from a piece of satirical brilliance composed by K.J. Noh, and published in full at Counterpunch, titled simply: Hillary Clinton’s Speech to Goldman Sachs.

Enjoy it, I sure did:

CLINTON: Thank you. Thank you so much. Thank you very much, Lloyd [Blankfein], and thanks to everyone at Goldman Sachs for welcoming me today. I’m delighted to be back among friends, colleagues, collaborators, supporters, kindred spirits…

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The Real Reason Hillary Clinton Refuses to Release Her Wall Street Transcripts

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“It was pretty glowing about us,” one person who watched the event said. “It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director.”

– From the post: What Clinton Said in Her Speeches – “She Sounded More Like a Goldman Sachs Managing Director”

We’ve seen bits and pieces emerge from Hillary Clinton’s infamous $225,000 speech to Goldman Sachs in October 2013, but an article published by the Huffington Post yesterday adds some additional perspective. In a nutshell, the author believes that a release of these transcripts would be so damaging it would end her bid for the presidency. 

Here are a few excerpts from the Huffington Post piece:

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