Nobel Prize economist Paul Krugman yesterday said Hillary Clinton’s plan on reforming Wall Street is tougher than Bernie Sanders’ plan : ” Hillary Clinton and Bernie Sanders had an argument about financial regulation during Tuesday’s debate but it wasn’t about whether to crack down on banks. Instead it was about whose plan was tougher.
For what it’s worth, Mrs. Clinton had the better case.
… the financial crises arose from “shadow banks” like Lehman Brothers, which don’t take deposits but nevertheless wreak havoc when they fail. Mrs. Clinton has laid out a plan to rein in shadow banks; so far, Mr. Sanders hasn’t…”
I’m not an economist but I believe Dr. Krugman is the wisest liberal economist writing today. He doesn’t lie. I would take his words to the bank ! 🙂
Fred Rich Lariccia