In an op-ed article in the New York Times, Presidential Candidate Hillary Clinton outlined her plan to rein in Wall Street in order to prevent a repeat of the financial crisis of 2008, which nearly toppled the nation’s economy. Among other things, candidate Clinton would appoint tougher, independent regulators who would oversee banking operations.
Also, candidate Clinton would ensure that the Securities and Exchange Commission and Commodity Futures Trading Commission would be independently funded to avoid the present political interference.
Her plans also include an extension of the statute of limitations for major financial crimes to 10 years from 5 years and enhanced rewards for whistleblowers who come forward to reveal major financial fraud.
In addition she says that when banks pay major fines for clear wrongdoing, that the penalties should cut into the executives’ bonuses too
