Hillary Clinton says she’d let big banks fail

Tells Stephen Colbert that as president, she wouldn’t bail out Wall Street

Over the last few months, Democratic presidential frontrunner Hillary Clinton has gone out of her way to position herself as a non-supporter of the country’s biggest banks, perhaps as part of a plan to woo those on the left who would rather see Senator Elizabeth Warren running in Clinton’s place.

Clinton continued her push against the big banks on Tuesday night when she was a guest on “The Late Show with Stephen Colbert.”

During her appearance, Colbert asked Clinton what she would do as president if there were another financial crisis, and she used the opportunity to plant her flag on the issue of the big banks.

According to a Reuters report, Clinton said she would not bail out the banks again.

From Reuters:

"If you're president and the banks are failing, do we let them fail?" asked Colbert.

"Yes, yes, yes, yes… " Clinton said.

She added that she would not hesitate to break apart banks that were "too big to fail."

Earlier this month, in an article written by Clinton on Bloomberg View, the former Secretary of State said that she is also in favor of having more accountability for those on Wall Street.

“People who commit serious financial crimes should face serious consequences, including big fines, disbarment from working in the industry and the prospect of imprisonment,” Clinton wrote.

“As president, I will seek to extend the statute of limitations for major financial crimes, enhance whistle-blower rewards, and increase resources for the Department of Justice and the Securities and Exchange Commission to investigate and prosecute individuals,” Clinton continued. “We should also hold financial executives accountable for egregious misconduct by their subordinates. They need to lose their bonuses and, in some cases, their jobs.”

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