The Logical Leftist
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Bernie Sanders Goes After 'Too Big To Fail' Banks
Posted
May 7, 2015
Views
328
Likes
14
Comments
3
Engagement
5.18%
May 7, 2015
328
14
3
5.18%
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"Senator Bernie Sanders announced legislation Wednesday that would break up the country’s largest financial institutions. It’s the third time he’s introduced such a measure, but this time around he wields the large microphone of a presidential candidate.
The bill, titled the “Too Big to Fail, Too Big to Exist Act,” will also be introduced in the House by Representatives Brad Sherman and Alan Grayson. If passed, it would require regulators at the Financial Stability Oversight Council to come up with a list of too-big-to-fail institutions whose failure would threaten the economy. One year later, those banks would be broken up by the secretary of the Treasury."
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