Robert Reich: Bernie gets it. Hillary is only inviting more corruption

[eridani]

http://www.salon.com/2015/10/13/robert_reich_bernie_gets_it_hillary_is_only_inviting_more_corruption_partner/

Giant Wall Street banks continue to threaten the wellbeing of millions of Americans, but what to do?

Bernie Sanders says break them up and resurrect the Glass-Steagall Act that once separated investment from commercial banking.

Hillary Clinton says charge them a bit more and oversee them more carefully.

Most Republicans say don’t worry.

Clearly, there’s reason to worry. Back in 2000, before they almost ruined the economy and had to be bailed out, the five biggest banks on Wall Street held 25 percent of the nation’s banking assets. Now they hold more than 45 percent.

Their huge size fuels further growth because they’ll be bailed out if they get into trouble again.

This hidden federal guarantee against failure is estimated be worth over $80 billion a year to the big banks. In effect, it’s a subsidy from the rest of us to the bankers.

And they’ll almost certainly get into trouble again if nothing dramatic is done to stop them. Consider their behavior since they were bailed out.

[Paka]

1. Finger waging never worked with me...

..my mom used to use a wet wash rag. That worked with my sister, but never with me. I was a lost cause. Why bother?

[LiberalArkie]

2. Oh yea, I have friends who went to Catholic school who have a fear of rulers.

[MisterP]

3. the Nurse Ratcheds and hall monitors are the main thing turning people off of Clinton

Americans aren't satisfied with politics as usual, and that goes double for the crybullies trying to shame the 300M of us wanting something else out of life