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Wednesday, April 8, 2015

Maryland Gov. Martin O'Malley Is Running The Campaign People Wanted To See From Warren

O'Malley is running the campaign people want from Sen. Elizabeth Warren (D-Mass.)."If it's the ideas you're interested in, it's worth paying attention to former Maryland Governor Martin O'Malley who is actually waging the campaign people want to see from Warren. ... These ideas would, if implemented, radically alter the role of finance in American society. Large financial institutions would have to act in an extremely risk-averse (and not-so-lucrative) manner and likely become substantially smaller besides. The Obama administration — and mostly likely Clinton — would argue that this is unnecessary for financial stability and risky for the economy as a whole. But to populists, that's precisely the point. These ideas would move beyond a narrow focus on the stability of the financial system to a broader attack on finance's role as one of the commanding heights of the American economy." Vox



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