Democratic presidential frontrunner Hillary Clinton responded to accusations from former Maryland Governor Martin O’Malley during the CNN Democratic debate that she is a flip flopper.
“Anderson, look, this is — the big banks — I mean, once we repealed Glass-Steagall back in the late 1999s (ph), the big banks, the six of them, went from controlling, what, the equivalent of 15 percent of our GDP to now 65 percent of our GDP,” O’Malley said.
He explained, “Right before this debate, Secretary Clinton’s campaign put out a lot of reversals on positions on Keystone and many other things. But one of them that we still have a great difference on, Madam Secretary, is that you are not for Glass-Steagall. You are not for putting a firewall between this speculative, risky shadow banking behavior. I am, and the people of our country need a president who’s on their side, willing to protect the Main Street economy from recklessness on Wall Street.”
Clinton replied, “Well, you know, everybody on this stage has changed a position or two. We’ve been around a cumulatively quite some period of time. You know, we know that if you are learning, you’re going to change your position.”
She added, “I never took a position on Keystone until I took a position on Keystone,” noting her position on climate change since 2009.