Will Hillary Clinton tout anti-bank regulations?

"It doesn't seem to me that Wall Street is too focused on the comments that possible Democratic or Republican general election candidates are making at these local, midterm election events in places like Minnesota, Iowa or Massachusetts," he said.

"Thus, I certainly do not think anyone is extrapolating Secretary Clinton's or anyone else's remarks as her or his national agenda. We all know that the hotly debated topics of today will unlikely be the key ones a year from now."

Clinton's recent moves do not suggest any big policy shift. Warren recently softened her disavowals of a presidential run, increasing pressure on the former first lady to appeal to the Massachusetts senator's vocal constituency, which is desperate for further crackdowns on banks and more progressive tax policy.

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What the moves do show is that Clinton is not great on the stump and is pretty bad at going left. These problems helped sink Clinton's campaign in 2008 when Obama caught fire with progressives with his soaring rhetoric and his consistent opposition to the Iraq War.

A 2016 campaign will be quite different, of course. There is no Barack Obama on the horizon. Even Warren, if she runs, would be very unlikely to defeat Clinton in the primaries, though she might get close or even win an early state or two.

But Clinton's deficiencies as a politician could prove far more damaging in a general election campaign, especially if Republicans nominate a candidate with broad national appeal who can compete in swing states like Ohio and Florida.

Right now it looks like former Florida Gov. Jeb Bush, should he get in, would be the most likely candidate to take advantage of a weak Clinton campaign. But even one of the other Republicans considering a run such as Sens. Rand Paul, R-Ky., or Marco Rubio, R-Fla., could wind up displaying superior political skills and denying Clinton the White House.

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The main takeaway here is not that Clinton is going to run as a pitchfork-wielding, fire-breathing scourge of the banks. That's not going to happen. It's that she has to step up her campaign game in a major way to make it to the Oval Office.

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Will Hillary Clinton tout anti-bank regulations?

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