Hillary Clinton’s nod to the left wing

Hillary Clinton2

In a nod to the Elizabeth Warren and Bernie Sanders wing of the Democratic party, Hillary Clinton has proposed breaking up too-big-to-fail banks and providing more oversight of the so-called “shadow-banking” system in an effort to rein in a virtually lawless and consequence-free Wall Street.


[H]er campaign said she would push to enhance provisions in the 2010 Dodd-Frank Act to give regulators the “explicit statutory authorization” to break up too big, too risky banks.

Clinton would also pursue additional oversight of the “shadow-banking” sector by imposing additional margin and collateral requirements on risky short-term borrowing; reviewing recent regulatory changes to the money market fund industry for possible holes; creating new reporting requirements for hedge funds and private equity firms; and strengthening the authority of the Financial Stability Oversight Council.