Alexander Jimenez/The Washington Post)
THE WASHINGTON POST:
— This story, by the AP, on Monday was headlined “Sen. Bernie Sanders takes $40 million from Wall Street despite voting to break up banks” (my emphasis):
In an interview with The Associated Press on Monday, Sanders vowed to continue pushing for changes to the financial industry as lawmakers consider overhauling a 2010 law that helped set up the CFPB. Sanders told the AP that lawmakers should not rely on the U.S. Supreme Court’s decision in Citizens United v. Federal Election Commission, which limits campaign spending by corporations and unions, to defend the overhaul. And he called on a handful of lawmakers — from Vermont’s independent Sen. Bernie Sanders (I), a two-term Vermont independent who caucuses with Democrats, to Kentucky’s centrist Republican Senate candidate Rand Paul to back a plan that would end the practice of “short-circuiting the oversight process,” which he described as a “shifting of regulatory authority from government officials to a handful of CEOs.” Sanders’s critics accused him last month of pandering to the financial sector, in part by not attacking the 2010 law as overly burdensome. Now Sanders told the AP that he had worked for months with representatives from the financial industry — including some who had made donations to his Senate campaign — to press for greater regulation. “My view is to protect the middle class from the greed of Wall Street, not to go after Wall Street and the big banks. But you can’t ignore the fact that two or three of the most powerful banks in this country are now doing phenomenally well,” Sanders said at the time, suggesting the industry’s dominance was only beginning to change. Sanders said he had talked recently with representatives from JP Morgan Chase and Wells Fargo, which have contributed to his campaign, and with a group called the U.S. CFPB. “I want the CFPB to become as strong as possible,” he said.
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“I think it’s a mistake to say this is not a problem,” Sanders said when asked about his support for reining in the banking industry’s influence on government. He also warned Republicans not to back away from their calls for reforming financial regulations at the federal level, because it could hurt his position in the presidential race against Clinton.
— The AP has another story on the CFPB, this one headlined “A bank regulator said this week that she’s