Martin O’Malley Takes Aim At Wall Street, Student Debt

omalley1Former Governor Martin O’Malley of Maryland, a Democrat, began his presidential campaign in May with a speech that led some to call him the financial industry’s “public enemy number one,” writes Business Insider.

O’Malley revealed his policy proposals today, Thursday, July 9th.  He is continuing to take aim at Wall Street, and – in other news – he also looks to eradicate student debt.

Media sources immediately began portraying the situation as a “cat-fight” between O’Malley and candidate Bernie Sanders.

According to his deputy campaign manager Lis Smith, O’Malley plans to release, along with the letter, a “detailed Wall Street white paper that continues in (the) mold of O’Malley leading with bold, progressive policy agenda,” writes Business Insider.

In conjunction with the policy rollout, O’Malley is sending an open letter to “megabanks.”  In the letter, O’Malley directly blamed the Wall Street “megabanks” for the 2008 financial crisis and warned, “As President, I have no plans to let up on you.”

In his letter, O’Malley describes the “megabanks” as a “grave threat” to the US economy with executives who are “somehow classified as too big to prosecute and too big to jail.”

“I know that many of you have tried to dismiss and undermine my calls for stronger reforms as ‘anti-capitalist,'” O’Malley wrote. “Let me be clear — the ongoing reckless behavior of your megabanks isn’t capitalism — it’s the antithesis of it. True capitalism requires a level playing field on which everyone plays by the same set of rules. True capitalism requires competition. True capitalism means that just as businesses and banks can succeed – they can also fail.”

“Today, your — too-big-to-fail, too-big-to-manage, and too-big-to-jail — megabanks pose an enormous risk to the financial system, the economy, and American families,” O’Malley wrote. “They are so big and so interconnected with the entire financial system that the failure of one or more of them could cause the collapse of the entire US economy.”

In related news, O’Malley has made debt-free college a priority.

He has put several proposals on the table to make that happen, including tuition freezes, making it possible for students to refinance student loans for lower rates, basing re-payment on income, and increasing funding to schools.

(Updated article)

NBC News: O’Malley May Be The Best Democrat To Take On Clinton


According to the Associated Press, former Governor of Maryland Martin O’Malley declared his candidacy for U.S. President today, May 30th.  He will be running under the Democratic ticket and will face Hillary Clinton in the primaries.

Recently, NBC News wrote that former Maryland Governor is the strongest candidate to take on Hillary Clinton.

Throughout last year, O’Malley has been making appearances in Iowa and New Hampshire and giving speeches around the country to tout himself as a potential Democratic presidential candidate.

The former governor has been trying to cast himself as the alternative to Hillary Clinton for Democrats who either are tired of the Clinton family or prefer a more liberal candidate.

O’Malley is probably the strongest candidate in the Democratic field to take on Clinton, writes NBC News.  Vermont Senator Bernie Sanders and ex-Virginia Senator Jim Webb are also seeking the nomination, and former Rhode Island Governor Lincoln Chafee is expected to jump in the race as well.

(Updated articfle)

O’Malley: The Presidency Is Not ‘Some Crown’ Families Should Share

Maryland Governor Martin O'Malley. (Photo credit: KAREN BLEIER/AFP/Getty Images)

Former Governor of Maryland and potential Democratic presidential candidate Martin O’Malley said Sunday that the country needs fresh perspectives for confronting its problems.

He criticized the idea of the Clinton and Bush families yet again seeking the White House.

“The presidency of the United States is not some crown to be passed between two families,” the former Maryland governor told ABC’s “This Week.”

O’Malley was referring to the fact that former Secretary of State Hillary Rodham Clinton is considered a likely candidate and clear front-runner for the Democratic nomination. Former Florida Governor Jeb Bush is considered a probable contender for the Republican nomination.

“I think that our country always benefits from new leadership and new perspectives,” O’Malley said, according to CBS DC.

He added, “We need a president who’s on our side, a president who’s willing to take on powerful, wealthy special interests” to restore the economy.

Asked if Clinton would take on special interests, O’Malley said, “I don’t know. I don’t know where she stands. Will she represent a break with the failed policies of the past? I don’t know.”

O’Malley said he will decide whether to run for president this spring.   He questioned whether his party’s nomination of Clinton — also a former senator and first lady — is inevitable.

“History is full of times when the inevitable front-runner is inevitable right up until he or she is no longer inevitable,” said O’Malley.

(Updated post)