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Hillary Clinton Says She'd Let The Banks Fail On Stephen Colbert's 'Late Show'

The Huffington Post The Huffington Post 28/10/2015 Nick Visser
COLBERT HILLARY © CBS/The Late Show with Stephen Colbert COLBERT HILLARY

In her first appearance on Stephen Colbert's "Late Show," Hillary Clinton took a firm stance against America's big banks and let the talk show host know how she'd deal with those that were too big should they start to fail.

Clinton stopped by to chat about various aspects of her campaign, including her staunch support for a stable middle class, an increase to the minimum wage and even let it be known what she and Bill like to binge-watch after 11-hour-long congressional hearings ("The Good Wife," "House of Cards" and "Madam Secretary." Duh.)

When Colbert turned his questioning to Wall Street reform, he asked directly ,if Clinton were president, "and the banks are failing, do we let them fail?"

"Yes. Yes, yes, yes, yes, yes," the former secretary of state responded. "Their shareholders have to know that yes, they will fail. And if they're too big to fail, then under my plan and others that have been proposed they may have to be broken up."

Clinton rallied behind the Dodd-Frank Act, which came into law in 2010 as a response to the Great Recession, and pointed toward the collapse of Lehman Brothers and bailouts of insurance and investment firms.

The interview also heavily focused on her desire to build on President Obama's support for the middle class while brushing off the notion that she would not be running any of her predecessor's third term.

"I'm not running for my husband's third term, I'm not running for Obama's third term, I'm running for my first term, but I'm going to do what works," she said. "We have an understanding of what works. The wealthy need to pay more, I'm sorry to break it to you."

Take a look at the clip above.

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