Sunday, February 7, 2016

Clinton's disingenuous misdirection on Sanders CMFA vote

Recall in the debate Clinton claiming Sanders voted to deregulate Wall Street. This story fills in the facts behind this half truth. True, Sander did vote to approve an Omnibus spending bill that included the Commodity Futures Modernization Act (CMFA) at the last minute. Sanders vociferously argued against it, but it was either include that in the spending bill or shut down the government again, a common Republican strategy (aka blackmail). But here's what Clinton doesn't tell you, and what Sanders' team should have the good sense to have him respond:



The CMFA was a deal between then President Bill Clinton and Senate Banking Committee Chairman Phil Gramm. The key author of the Act was Gary Gensler, who left Goldman Sachs to be Clinton's undersecretary of the treasury. The same Gensler is now Hillary's top economic adviser, and who is having her implant this meme against Sanders. See the story for the rest of the story behind Clinton's despicable tactics.

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