THE PARAGRAPHS OF THE DAY

Ken Berwitz

Todayat 2 p.m., Bernie Sanders gave a speech onWall Street reform.

Yesterday,Hillary Clinton\’s campaign preemptively attacked.

Her chief financialofficer said of the then-undeliveredspeech that “SenatorSanders should go beyond his existing plans for reforming Wall Street andendorse Hillary Clinton’s tough, comprehensive proposals to rein in riskybehavior within the shadow banking sector.”

In comprehensible English, that means Clintonis advocating minor tweaks to the financial regulation system, instead of its transformation.

 Clinton invites voters to “look at what I did in the Senate,” but, she actuallyonly introduced five bills related to the dangerous housing bubble before/afterthe \’07 Crash. No committee took any action on them, and, in the Democrat-controlled Senate, “they died without further discussion.“

There is a reasonClinton is receiving money from these financial giants, and in such amounts she feels compelled to lie about theirrelationship. She will not (and cannot) cut Wall Street\’sstranglehold on the majority-generated wealth, in the vein of TheodoreRoosevelt or FDR, and so is instead trying to sell minimal reforms as thecrackdown that Sanders is championing.

In Wall Street\’s ownwords, “Clinton would be one of the better candidates for financial firms.”