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The Line That May Have Won Hillary Clinton the Nomination | Rolling Stone

These lunatic resentments drove the effort to blame minority homeowners for the crisis. That effort peaked in a Tea Party movement triggered by a rant by CNBC goof Rick Santelli against the "losers" of the housing crisis. He described them as the "people who drink the water" at the expense of those who "carry the water." As coded language went, it was remarkably un-subtle.

Race was always at the very center of the crash story. It was just never explained that way in the press.

When Hillary Clinton used that line about breaking up the banks not ending racism, she opened a door for Bernie Sanders to talk about all of this. He could have talked about Wall Street not just as a symbol of international greed and corruption, but in terms of a more peculiarly American kind of ugliness.

He could have begun with subprime and plausibly traced all the way back to 40 acres and a mule, explaining the modern problem of wealth inequality as (among other things) a still-extant failure of the Civil Rights movement, an ancient wrong still not corrected.

But he didn't. Sanders I believe fundamentally sees the Wall Street corruption issue as a matter of class, i.e., rich vs. poor. He never found a way to talk about the special edge the financial sector brought/brings to the exploitation of nonwhite America.

by Bernard (bernard) on Sun May 15th, 2016 at 08:10:06 AM EST
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