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Delivered-To: john.podesta@gmail.com Received: by 10.25.43.68 with SMTP id r65csp234850lfr; Sat, 3 Oct 2015 08:44:41 -0700 (PDT) X-Received: by 10.129.73.203 with SMTP id w194mr16943965ywa.16.1443887081591; Sat, 03 Oct 2015 08:44:41 -0700 (PDT) Return-Path: <re47@hillaryclinton.com> Received: from mail-yk0-x235.google.com (mail-yk0-x235.google.com. [2607:f8b0:4002:c07::235]) by mx.google.com with ESMTPS id n195si7401695ywn.87.2015.10.03.08.44.41 for <john.podesta@gmail.com> (version=TLSv1.2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128); Sat, 03 Oct 2015 08:44:41 -0700 (PDT) Received-SPF: pass (google.com: domain of re47@hillaryclinton.com designates 2607:f8b0:4002:c07::235 as permitted sender) client-ip=2607:f8b0:4002:c07::235; Authentication-Results: mx.google.com; spf=pass (google.com: domain of re47@hillaryclinton.com designates 2607:f8b0:4002:c07::235 as permitted sender) smtp.mailfrom=re47@hillaryclinton.com; dkim=pass header.i=@hillaryclinton.com; dmarc=pass (p=NONE dis=NONE) header.from=hillaryclinton.com Received: by mail-yk0-x235.google.com with SMTP id t14so130913462ykf.0 for <john.podesta@gmail.com>; Sat, 03 Oct 2015 08:44:41 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=hillaryclinton.com; s=google; h=from:mime-version:references:in-reply-to:date:message-id:subject:to :cc:content-type; bh=nTmFCHcmXUNw1DGYyeRb2C6DAUqugcpDrqzIAL9C+C8=; b=ZIyIpXUh9fsJnFZ4Xh/hc9zVKN5aU6dTHMoOK2N9N0GXaat4w/bOqKlX8pps7R5Qyc Im4OlYKNBu4lRgvFTAFN9wV+D3aJpO92kyEe+55AYAlIcmbAfKP3dRvHhf5SdV83oWZr 9fNOHl9kuVJkyZzipZ/1FtDiX27mPclTZ4JtU= X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:from:mime-version:references:in-reply-to:date :message-id:subject:to:cc:content-type; bh=nTmFCHcmXUNw1DGYyeRb2C6DAUqugcpDrqzIAL9C+C8=; b=G3RVY4RMargQnKoZlBdtCqJ9DHrt5YWb5OhsA1SV//4CKrfBSGqBOqzxecNGIjrBR5 8TOsMs9PpG3XfX7F6W271D1rX14u9lCdK6OsUqXtHYpjtbr5xhR5I9Tt7zex2Bh6cyCV P4uEBXljH/0sSi40cHU4g9T7hRdcTCOpTo+IOQRrYSnD6rd9Qf+TRYux4jh1Vtt432Lb msn0bWJXBuxh5WvqYOLt3Ov6IFfd3WRH8conuVi+AnMFPvKUQFCbQiSjyiNYSMqFJGYs OP4Hs+b3cJqmH1YKXWCcf9tpvT0uCtkvk0Smo5jd9HOPJ5MkeKEN4eXvGD21ITzER4il RYUA== X-Gm-Message-State: ALoCoQnF7M5gvCe0hSEYpOT/7i0fu5vPYeauRYxM+RQu6ShR4YetcKeVj4BmDDEsB+chEohOWHra X-Received: by 10.170.76.11 with SMTP id s11mr18190158yks.53.1443887081256; Sat, 03 Oct 2015 08:44:41 -0700 (PDT) From: Robby Mook <re47@hillaryclinton.com> Mime-Version: 1.0 (1.0) References: <F652FD7157F3814886D064763C7EADD816088524@REV02EXCH01.revolution.ad> <5696018752632724747@unknownmsgid> In-Reply-To: <5696018752632724747@unknownmsgid> Date: Sat, 3 Oct 2015 11:44:40 -0400 Message-ID: <-6569074896360942795@unknownmsgid> Subject: Re: TPP & Glass Steagall To: Jake Sullivan <jsullivan@hillaryclinton.com> CC: Ron Klain <ron.klain@revolution.com>, John Podesta <john.podesta@gmail.com> Content-Type: multipart/alternative; boundary=001a113a2bb89333b10521352893 --001a113a2bb89333b10521352893 Content-Type: text/plain; charset=UTF-8 TPP would be lethal with labor. We'd loose afscme and likely seiu as well. On Oct 3, 2015, at 11:42 AM, Jake Sullivan <jsullivan@hillaryclinton.com> wrote: Thanks Ron. On Glass Steagall, that's what a stronger Volcker Rule does which is what she is for, but what about requiring banks to downsize? I agree with you on TPP but others (including on this email!) feel strongly to the contrary. On Oct 3, 2015, at 11:39 AM, Ron Klain <ron.klain@revolution.com> wrote: Jake, I had to get off that call before it ended, and I also didn't want to intrude in that group. But FWIW, my view would be: 1. * She has to be for TPP*. She called it the "gold standard" of trade agreements. I think opposing that would be a huge flip flop. She can say that as President she would work to change it. She can say that it can be better. But I think she should support it. 2. *She should move 95% to Warren on Glass Steagall.* I think you can avoid the flip flop, but survive the Warren primary by saying: "Of course I wouldn't bring back Glass Steagall -- that's a law written 80 years ago before we had anything like the current banking system. But I agree with Sen. Warren that -- given the ongoing misconduct in the banking industry -- we need to erect a wall between banking and non-banking activities. If I became President, I would sit down with her and develop a 21st century version of Glass Steagall that provides sound separation between basic banking and riskier activities, but still keeps America's financial institution's competitive." Just my view, FWIW. Ron --001a113a2bb89333b10521352893 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable <html><head><meta http-equiv=3D"content-type" content=3D"text/html; charset= =3Dutf-8"></head><body dir=3D"auto"><div>TPP would be lethal with labor.=C2= =A0 We'd loose afscme and likely seiu as well. =C2=A0<br><br><br></div>= <div><br>On Oct 3, 2015, at 11:42 AM, Jake Sullivan <<a href=3D"mailto:j= sullivan@hillaryclinton.com">jsullivan@hillaryclinton.com</a>> wrote:<br= ><br></div><blockquote type=3D"cite"><div><meta http-equiv=3D"content-type"= content=3D"text/html; charset=3Dutf-8"><div>Thanks Ron. On Glass Steagall,= that's what a stronger Volcker Rule does which is what she is for, but= what about requiring banks to downsize?</div><div><br></div><div>I agree w= ith you on TPP but others (including on this email!) feel strongly to the c= ontrary. =C2=A0<br><br><br></div><div><br>On Oct 3, 2015, at 11:39 AM, Ron = Klain <<a href=3D"mailto:ron.klain@revolution.com">ron.klain@revolution.= com</a>> wrote:<br><br></div><blockquote type=3D"cite"><div> <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Diso-8859-= 1"> <div style=3D"direction:ltr;font-family:Tahoma;color:#000000;font-size:10pt= ">Jake, <div><br> </div> <div>I had to get off that call before it ended, and I also didn't want= to intrude in that group.=C2=A0 But FWIW, my view would be:</div> <div><br> </div> <div>1. <u>=C2=A0She has to be for TPP</u>.=C2=A0 She called it the "g= old standard" of trade agreements.=C2=A0 I think opposing that would b= e a huge flip flop.=C2=A0 She can say that as President she would work to c= hange it.=C2=A0 She can say that it can be better. =C2=A0 But I think she should support it.</div> <div><br> </div> <div>2. =C2=A0<u>She should move 95% to Warren on Glass Steagall.</u>=C2=A0= =C2=A0I think you can avoid the flip flop, but survive the Warren primary = by saying:</div> <div><br> </div> <div> <blockquote style=3D"margin:0 0 0 40px;border:none;padding:0px"> <div>"Of course I wouldn't bring back Glass Steagall -- that's= a law written 80 years ago before we had anything like the current banking= system.=C2=A0 But I agree with Sen. Warren that -- given the ongoing misco= nduct in the banking industry -- we need to erect a wall between banking and non-banking activities.=C2=A0 If I became Presi= dent, I would sit down with her and develop a 21st century version of Glass= Steagall that provides sound separation between basic banking and riskier = activities, but still keeps America's financial institution's competitive."</div> <div><br> </div> </blockquote> Just my view, FWIW.</div> <div><br> </div> <div>Ron</div> </div> </div></blockquote> </div></blockquote></body></html> --001a113a2bb89333b10521352893--