Hillary Clinton on Late Show with Stephen Colbert: Bailouts, Benghazi Jokes on Colbert Show
Democratic presidential front-runner Hillary Clinton talked with Stephen Colbert in a "Late Show" interview on Tuesday night about the 2007 financial crisis and the Benghazi investigation panel.
The candidate said "too big to fail" would not define her approach to a situation like the financial crisis. If faced with a similar conundrum, the former secretary of state said she would not bail out big banks. Asked directly whether she would allow such institutions to "fail," Clinton answered with an unequivocal "yes."
"First of all, under Dodd-Frank, that is what will happen because 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 explained. "But they have to know, 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."
And, as if her initial answer had not already underlined her limited sympathy for the financial industry, Clinton proceeded to take a look at the details. She hammered the $3 fee some banks charge for withdrawing as little as $20 from an ATM. "That's serious," the former New York senator said.
The Democratic candidate also joked about her 11-hour appearance before the congressional committee investigating her handling of the 2012 terrorist attack on the U.S. Consulate in Benghazi, Libya.
Meanwhile, she refused to say whether she would prefer Donald Trump or Ben Carson as her Republican rival in the White House race, according to The Post.
On lighter subjects, Clinton also used her "Late Show" appearance to shed some light on her own television preferences. The former secretary likes "Madame Secretary," the CBS show about her fictional counterpart, Elizabeth McCord (Téa Leoni), as well as "The Good Wife," which centers on Alicia Florrick (Julianna Margulies), a lawyer and wife of an affair-prone Chicago politician.
"We finally finished 'House of Cards,'" Clinton revealed, in reference to the Netflix hit series about unscrupulous President Frank Underwood (Kevin Spacey).
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