Hillary: I'll Take On Wall Street "Like Nixon Going To China"

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JOHN DICKERSON, CBS NEWS: On Senator Sanders' response, this idea that he represents a state which there are lot of gun owners, you were a senator. You -- aren't you sympathetic to that? You said you represented Wall Street, and that's what shaped your views on certain Wall Street policy. And you have suggested that, as president, you would be different than you did as senator, when you were representing a state with a constituency.

HILLARY CLINTON: Well...

DICKERSON: So, why isn't it fair for Bernie Sanders to say, as president, I would be different than I would as a senator representing a state with a lot of gun owners?

CLINTON: Well, you know, I think you have really mixed up two important issues here. I have been consistent on gun lobby restrictions. In fact, I supported the Brady Bill. Senator Sanders voted against it five times. So, there is a very clear difference.

And when it comes to Wall Street, yes, I represented New York. And I was proud to do so. And I took on Wall Street. I'm the person who came out against derivatives. I'm the person who came out calling for restrictions on CEO pay, which, thankfully, got into the Dodd- Frank bill.

I'm the person who went to Wall Street and actually confronted them in 2007. I called them out on the role they were playing in the mortgage market. So, I do have a history of taking on what I consider to be the abuses that come from any industry, including Wall Street.

And I will continue to do so as president. And the proposal that I have put forth about how we rein in the excesses of Wall Street, so we never again face what we did in 2008, has been judged as being more comprehensive, tougher, more effective by Barney Frank, by Sherrod Brown, my friend from Ohio who leads the banking efforts in the Senate, and by Paul Krugman.

So, I have plan that will go after not just the big banks, because Dodd-Frank has given us the tools to do a lot of that, but to go after the so-called shadow banking industry.

DICKERSON: Right.

CLINTON: And I think I'm well-prepared. I know what needs to be done. It's kind of like Nixon going to China, John.

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