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During a late
night television appearance with comedian Stephen Colbert,
Clinton said her priorities were focused on raising the minimum
wage and bolstering the middle class.
"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."
"We now have stress tests and I'm going to impose a risk fee on
the big banks if they engage in risky behavior," she said.
During the 2008 recession, the U.S. government poured cash into
U.S banks to keep them afloat after years of risky loans. Under
the 2010 Dodd-Frank Act, regulators were given the power to
carve up the banks if they deem them "not credible."
Earlier this month, Clinton announced a plan to curb what she
has called the abuses of Wall Street, proposing everything from
raising the fines that can be levied by regulators to requiring
executives to bear some of those costs.
The plan includes strengthening the "Volcker rule" in the
Dodd-Frank Act, which prohibits banks from certain kinds of
trading on their own account, and imposing a new tax on
high-frequency trading.
"We need to get back to putting the middle class at the center
of our politics," Clinton told Colbert.
(This story has been refiled to restore missing quotation mark
in fourth paragraph.)
(Reporting by Victoria Cavaliere, editing by Larry King)
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