2016 Postmortem
Related: About this forumActually, Bernie Sanders Does Have a Clear Plan for How to Break Up Too-Big-to-Fail Banks
Actually, Bernie Sanders Does Have a Clear Plan for How to Break Up Too-Big-to-Fail BanksApr 6, 2016
Andrea Germanos / Common Dreams
:snip:
Sanders told the Daily News, How you go about [breaking up the dangerously large institutions] is having legislation passed, or giving the authority to the secretary of treasury to determine, under Dodd-Frank, that these banks are a danger to the economy over the problem of too-big-to-fail, later adding that itd be the banks decision how they want to reconfigure themselves.
You would determine is that, if a bank is too big to fail, it is too big to exist. And then you have the secretary of treasury and some people who know a lot about this, making that determination. If the determination is that Goldman Sachs or JPMorgan Chase is too big to fail, yes, they will be broken up, he said.
Read in full:
http://www.truthdig.com/report/item/in_fact_sanders_has_a_very_clear_plan_20160406
Sheepshank
(12,504 posts)....his plan is to let the banks figure it out.
And the final "yes, they will be broken up". Gives us all the details we deserve? Hardly.
IamMab
(1,359 posts)His whole brand is built on voting against everything based on some trumped-up reason and then taking credit after-the-fact for any positives that come about from bills he never supported.
It's not surprising to find out that he has no clue, no plan, and no idea what he'd actually do as President. Maybe that bullshit flies up in Vermont, but not out here in the real world.
Sheepshank
(12,504 posts)....of companies too big to fail.
That list already exists and has requirements of operations for any bank on that list.
Attempting to take credit for somethig already done. He's a fake and a liar.
Rebkeh
(2,450 posts)But like I always say...
then don't vote for him.
Rebkeh
(2,450 posts)Or listened to his speeches.
But that's fine. Vote however you will, I truly do not care.
pat_k
(9,313 posts)04.05.16
Mike Konczal is a Fellow with the Roosevelt Institute
http://rooseveltinstitute.org/sanders-ending-tbtf/
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Why Bernie Sanders knows more about big banks than his critics are saying
By Max Ehrenfreund
April 7 at 1:50 PM
https://www.washingtonpost.com/news/wonk/wp/2016/04/07/bernie-sanders-has-a-plan-to-break-up-the-big-banks/
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Yes, Bernie Sanders Knows Something About Breaking Up Banks
By Peter Eavis
New York Times
APRIL 5, 2016
http://www.nytimes.com/2016/04/07/upshot/yes-bernie-sanders-knows-something-about-breaking-up-banks.html