Clinton says she'll offer plan for 'Wall Street abuses'

AP News
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Posted: Oct 06, 2015 6:12 PM
Clinton says she'll offer plan for 'Wall Street abuses'

DAVENPORT, Iowa (AP) — Democratic presidential candidate Hillary Rodham Clinton said Tuesday she'll offer a plan in the next week to deal with "Wall Street abuses."

Campaigning in Iowa, Clinton said her proposal would "rein in the too-big-to-fail banks and other institutions."

Clinton has maintained strong ties to Wall Street from her time as a New York senator. But her chief rival for the nomination, Vermont Sen. Bernie Sanders, has pushed hard against the big financial institutions, and he's co-sponsored a bill to restore the law that once separated commercial and investment banking, known as Glass-Steagall.

"If you only reinstate Glass-Steagall you don't go after all these other institutions," Clinton said when asked if she would try to bring the law back. "What I'm proposing is that we go after the risk. If they are too big to manage, that's a risk and they should not continue."

Clinton said she would offer a comprehensive plan designed to deal with problems in the future. She pledged to hold individuals responsible for bad behavior and said she would enforce and implement the Dodd-Frank law passed by Congress in 2010, which tightened regulation of financial institutions.

Clinton said she would "go after what I think are the real problems, not the problems of the past, but the problems of today."

During two stops in Iowa, Clinton also said she would support small business, spending on public infrastructure and providing more help to the poor.