NEW YORK, Oct. 28 (UPI) — Former Secretary of State and Democratic front-runner Hillary Clinton said she would allow big banks to fail if she was president during an interview with Stephen Colbert.
During her appearance on The Late Show with Stephen Colbert on Tuesday, the host asked Clinton: “If you’re president and the banks are failing, do we let them fail?”
Clinton unequivocally replied: “Yes, yes, yes, yes, yes, yes, yes.”
“First of all, under Dodd-Frank, that is what will happen because we now have stress tests and I’m going to impose a risk fee on the big bank if they engage in risky behavior but they have to know, their shareholders have to know that yes, they will fail and if they’re too big to fail,” she added. “Then under my plan and others that have been proposed, they may have to be broken up.”
“If they are too big too fail … they may have to be broken up because if you can’t manage it, then it’s more likely to fail,” Clinton added.
Clinton and Colbert then agreed that something should be done about banks’ $3 ATM fees, further criticizing Wall Street’s influence on the American people.
Colbert then asked: “Who would you rather run against Donald Trump or Ben Carson?”
“I’m going to leave that to the Republicans,” Clinton replied.
.@StephenAtHome: “I was playing a character who did not care for you.”
Hillary: “I can say it now—it was mutual.”
https://t.co/RP8cPdEoh3— Hillary Clinton (@HillaryClinton) October 28, 2015
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