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By John McCrank

NEW YORK (Reuters) — U.S. Democratic presidential hopeful Hillary Clinton on Thursday introduced a plan to curb what she called Wall Street abuses, including a “risk fee” on the largest financial institutions and breaking up banks considered “too big to fail.”

Under the proposal, Clinton would charge a yearly “risk fee” on a sliding scale on the liabilities of banks with more than $50 billion in assets along with other institutions overseen by financial regulators, her campaign said.

The proposals also called for raising the fines that regulators could impose on corporations and their executives, and imposing a new tax on high-frequency trading (HFT).

“These sound like much more meaningful reforms than some of the things she has suggested earlier,” said former Federal Deposit Insurance Corp Chair Sheila Bair, currently president of Washington College, in Chestertown, Maryland.

Clinton’s HFT tax would target securities transactions with excessive levels of order cancellations, which her campaign said unnecessarily burdens markets and enables unfair and abusive trading strategies.

HFT firms say their trading adds needed liquidity and that such a tax would end up making the markets less efficient and more expensive for all investors. There were also concerns that the proposals could be expanded.

“We are concerned that this is an opening salvo that could eventually lead to a proposal to tax mom and pop investors,” said Bill Harts, chief executive officer of HFT advocacy group Modern Markets Initiative.

Clinton would also pursue additional oversight of the “shadow-banking” sector by imposing other margin and collateral requirements on risky short-term borrowing; review recent regulatory changes to the money market fund industry for possible holes; create new reporting requirements for hedge funds and private equity firms; and strengthen the authority of the Financial Stability Oversight Council.

Unless the Democrats win a majority in the Senate and retake the House of Representatives in the 2016 elections, the chances of the proposals being enacted are low, Keefe, Bruyette & Woods said in a note to clients.

(Additional reporting by Ross Kerber, Sarah Lynch, Dan Freed, David Henry, Olivia Oran; Editing by Jeffrey Benkoe)

Photo: U.S. Democratic presidential candidate Hillary Clinton speaks during a community forum campaign event at Cornell College in Mt Vernon, Iowa, October 7, 2015. REUTERS/Scott Morgan

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Jason Miller

Screenshot from C-SPAN

Reprinted with permission from Daily Kos

If there's anything that right-wing chat platforms promising uncensored "free speech" like Gab and Parler have proven, it's that such predicates ensure the platforms will quickly be inundated with the worst people in the world—bigots spewing death threats, hatemongers, disinformation artists, conspiracy theorists, vile misogynists, and terrorists of all stripes. The kind of clients that will doom such networks to permanent deplatforming.

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