Democratic frontrunner Hillary Clinton used her recent appearance on The Late Show with Stephen Colbert to discuss Wall Street and income inequality. The appearance, which is set to air on 27 October in the US, was an opportunity for Clinton to highlight her lighter side during her campaign.
Host Colbert got Clinton to admit that she and former President Bill Clinton are fans of binge watching "bad TV" and that she wanted to "do as little as I could get away with" for her 68th birthday on 26 October. Among her favourite shows? CBS's Madame Secretary and The Good Wife, as well as Netflix political drama House of Cards.
However, Clinton did not just talk about TV during her Late Show appearance. Colbert asked the former secretary of state her stance on Wall State abuses and if elected, would she would allow big banks fail. "Yes, yes, yes, yes, yes, yes, yes," she repeated emphatically, NBC News reported.
"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 behaviour," she said. "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."
Clinton was also asked why she was running for president and if Americans should expect an encore of the 1990s when her husband was in office. "I'm not running for my husband's third term," she said. "I'm not running for President Obama's third term. I'm running for my first term. But I'm going to do what works, and we have an understanding of what works."
She also focused on the need to boost the middle class financially, Bloomberg noted. "We have to raise the minimum wage," Clinton said. "It's a poverty wage now. It's disgraceful that people are working full time and can't get out of poverty. We need to incentivise for profit sharing — we need to continue to rein in the abuses in the financial system and particularly on Wall Street because it did contribute to the problems we had in the economy."
Colbert also asked Clinton whether she would rather run against Donald Trump or Ben Carson. She deflected the question, telling him she would rather not have influence on the GOP nomination, NBC News reported. When he asked if she could see either of them in office, she responded: "I can picture them in some office."
The interview was Colbert's first with Clinton, with the host joking that it may have to do with the fact that he "was playing a character who did not care" for her on his Comedy Central show. Clinton laughed it off, adding:"I can say it now, it was mutual."