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Clinton VP Pick Stands With Hillary … and Big Banks

from Underground Reporter:

Sounding another alarm for progressives wary of the Democratic establishment’s support for Wall Street, the man said to be leading the pack of potential Hillary Clinton running mates—Virginia Sen. Tim Kaine—has just this week sent a clear message to big banks: He’s in their corner.

Kaine, who is reportedly Bill Clinton’s favorite for the vice presidential slot, signed onto two letters on Monday pushing for financial deregulation—letters that show the Clinton camp “how Kaine could be an asset with banking interests on the fundraising trail,” according to David Dayen at The Intercept on Wednesday.

The news should “disqualify” Kaine from the ticket, one prominent progressive group declared Thursday.

The first missive, signed by 16 Democrats and every Republican senator, calls on the Consumer Financial Protection Bureau (CFPB) to exempt community banks and credit unions from certain regulations.

As Dayen explains:

Read More @ undergroundreporter.org

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