Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)

ProfessorPlum

(11,459 posts)
Thu Sep 13, 2018, 09:17 AM Sep 2018

If America is to be saved from Feudalism/Fascism, [View all]

some brave politician with power is going to eventually have to stand up to the banks and be extremely tough with them. Who/Where is that politician going to be/come from?

Many of us hoped it would be Bill Clinton. And while Clinton was a good manager, he gave the banks almost everything they could have hoped for in the last year or two of his presidency - especially the repeal of Glass-Steagall.

Many of us hoped it would be Barack Obama. And while Obama was a good manager, he let the banks majorly off the hook for the financial crisis, with hardly any criminal prosecution for the massive fraud committed, and no break ups of too-large-to-fail institutions. The recovery from the financial crash due to mortgage-backed securities was mostly one of protecting the banks, not the citizens and victims.

Not many of us hoped it would be Hillary Clinton. It was not a major part of her message, and a large part of the Clintons' modus operandi was working within the structures of American power. Which is a smart way to gain political power, but it certainly doesn't threaten the control the banks now have over government.

Elizabeth Warren has a record of being extremely tough on bankers, having studied their weasel words and fraud for decades. If she ran, I would again hope that the banks might finally be frustrated in getting so much of their way.

Salvation for us as a culture and as an economy lies only in frustrating the bottomless greed and rapaciousness of the banker class and the fraud and lawlessness of high finance. It won't come from the GOP, that much is blindingly obvious. Will it arise from the Democratic party? That seems to be our only hope, but I don't hear much of it in our messaging. Hardly any politician (outside of Warren) even talks about it much as a problem.

My support has to go to any politician who can talk about the problems of unchecked financial/banking power, the revolving door, and goals and plans to check that power. I really hope it comes out of the next set of Democratic candidates. We may not have much more time to wait.

18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»General Discussion»If America is to be saved...