Bernie Sanders on the Today Show 1981

[Uncle Joe]

[CrossingTheRubicon]

1. BS says he's not going to nationalize banks and not going to nationalize industries in 1981...

because--as mayor--his powers as mayor are limited. Despite "his visions" of what life should be in Vermont.

And "I'm not a capitalist."

Ouch!

"Must-watch TV."

[Uncle Joe]

5. The President's powers are limited as well, (someone needs to tell Trump that) Bernie knows it

and he has no intention of nationalizing the banks even if he were President.

Having said that Bernie would probably break the biggest banks up to increase competition and not have the nation held by our short hairs while vulnerable to economic collapse because they're "too big to fail."

[CrossingTheRubicon]

14. When asked how he would "break up the banks" in 2016 by the NY Daily News...

Sen. Bernard Sanders (I-Vt) had no clue how he'd actually do that or under what legal authority.

It was a very embarrassing moment. On his pet projects, he seems to lack any mastery of details.

Competence matters.

[Uncle Joe]

16. Bernie Sanders Wants to Break Up the Big Banks With a New Bill

By ERIN CORBETT October 3, 2018
Vermont Sen. Bernie Sanders on Wednesday introduced a bill that would break up big banks, including J. P. Morgan, Bank of America, Citigroup, Wells Fargo & Co., Goldman Sachs and Morgan Stanley. The bill will also target large financial companies that aren’t banks, such as Berkshire Hathaway, Prudential Financial, MetLife, and American International Group.

The bill, first reported by CNBC, would require financial groups with a total exposure of greater than 3% of gross domestic product, which amounts to about $584 billion today, to break up. Sanders introduced the bill, which is co-sponsored in the House by California’s Rep. Brad Sherman, on the 10-year anniversary of the federal government’s $700 billion Wall Street bailout.

“No financial institution should be so large that its failure would cause catastrophic risk to millions of Americans or to our nation’s economic well being,” Sanders said in a statement about the proposed bill. “We must end, once and for all, the scheme that is nothing more than a free insurance policy for Wall Street: the policy of ‘too big to fail.'”

(snip)

Sanders has positioned himself as an ally to working class Americans. During the 2016 presidential election primaries he ran his campaign as a democratic socialist and has continued to advocate for workers. In recent months, Sanders has supported Amazon workers organizing for higher wages, which became reality on Tuesday with the company raising its minimum wage to $15/ hour.

http://fortune.com/2018/10/03/bernie-sanders-bill-big-banks/

[Uncle Joe]

17. P.S. Is Joe Biden co-sponsoring this bill to break up the mega-banks? n/t

[CrossingTheRubicon]

18. Joe Biden is no longer a Senator. I'd have thought you'd know that.

How's Sen. Bernard Sanders (I-Vt) bill coming along?

[Uncle Joe]

19. My bad, does he support it?

[BannonsLiver]

20. The GOP ad makers would have a field day with this nugget in a general election.

[Doodley]

2. Thanks for posting. He been talking sense for a long time.

[Uncle Joe]

8. Thank you Doodley.

Peace to you.

[David__77]

3. Great segment!

Notably, things have become much more economically polarized since he spoke those words.

[jimlup]

4. Go Bernie!

[George II]

6. 38 years ago? Back then he had very outspoken opinions on some other controversial issues.

[sheshe2]

7. Yep.

[KayF]

9. he went on to serve four two-year terms

electing him turned out to be a good move.

[Uncle Joe]

10. I couldn't agree more Kay.

[ZeroSomeBrains]

11. I don't think Senator Sanders has ever used a comb

I audibly laughed when I saw his hair. I see he hasn't changed much since that time almost 40 years ago. It's partly why he is at the top of my list of candidates. Thanks Uncle Joe!

[Doodley]

12. Yes, he"s the anti-Trump to the extreme, the antithesis of Mr. Comb-over.

[Uncle Joe]

13. I was thinking the same thing,

and thank you ZeroSomeBrains.

[CrossingTheRubicon]

15. He might be able to borrow a spare comb from Amy Khobachar.

[Duppers]

21. Bernie has stayed consistent.

He's stayed devoted to helping the little guy.

👍👍

[Uncle Joe]

22. I totally agree Duppers.

[crazytown]

23. "What happened is Jimmy Carter failed"

One other thing that hasn’t changed is Sen Sanders stands as an outsider blaming the Democratic Party for the nation’s economic and political ills.

[Uncle Joe]

24. Bernie Sanders & Jimmy Carter - 05/08/17