Subject: Re: DRAFT: Wall Street Op-Ed
From: Dan Schwerin <[email-masked]>
To: John Podesta <[email-masked]>, Gary Gensler <[email-masked]>
Cc: Mandy Grunwald <[email-masked]>, Speech Drafts <[email-masked]>, Mike Schmidt <[email-masked]>
Date: Wed, 7 Oct 2015 15:04:37 -0400

Thanks all. Revised attached with more love for Obama and other tweaks.
Talked with Mandy and we agree on keeping G-S in there but take another
read.
Also adding Gary here.

On Wed, Oct 7, 2015 at 2:18 PM, John Podesta <[email-masked]> wrote:

> I am worried that there is not enough love here for Obama. Implicitly
> critical.  We are skating on thin ice after TPP, syria, Cadillac tax,
> immigration. Need to beef up credit.
> On Oct 7, 2015 2:07 PM, "'Mandy Grunwald' via Speech Drafts" <
> [email-masked]> wrote:
>
>>
>> I like this a lot.  Just a few comments.
>>
>> 1. I am concerned about the Glass Steagall paragraph.  I would recommend
>> cutting it.  Three things will antagonize: 1) saying she respects those who
>> support it, is kind of patronizing; 2) calling it "old" is an insult to the
>> work done on the new version and 3) saying it will have unintended economic
>> consequences will annoy.
>>
>> Why not just skip this?
>>
>> 2. On giving regulators the power to break up banks that are too big, can
>> we say that there are several that are bigger than before the crisis and
>> should be looked at right now?
>>
>> 3.  Can we lose the phrase "not just in the big banks"?  This seems to
>> denigrate the importance of the big banks when we don't have to.  Our point
>> is just additive -- these other financial institutions need to be held
>> accountable too.
>>
>> Mandy Grunwald
>> Grunwald Communications
>> 202 973-9400
>>
>>
>> > On Oct 7, 2015, at 1:42 PM, Dan Schwerin <[email-masked]>
>> wrote:
>> >
>> > Attached is the latest draft of the Wall Street op-ed, which reflects
>> edits from WJC and further refinement from policy team. The President's
>> main recommendation was to generally let the policies speak for themselves
>> and keep the rhetoric to a sober minimum. Given what else we're doing this
>> week, I think that makes sense.
>> > Please let me know if you have any final flags.
>> > Thanks
>> > Dan
>> > <2015-10-07 Wall Street op-ed - 130pm.docx>
>>
>