Bernie Sanders Is Scaring The Crap Out Of Wall Street
May 13, 2015
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9:17Now PlayingBernie Sanders Is Scaring The Crap Out Of Wall Street
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"Wall Street is worried that Sen. Bernie Sanders’s vigorous calls for banking industry reform will pull Hillary Clinton to the left, as the two presidential candidates battle for the 2016 Democratic nomination.
Sanders (I-Vt.) last week unveiled new legislation designed to break up the nation’s largest banks, declaring that “if an institution is too big to fail, it is too big to exist.”
Though it stands virtually no chance of passage in the GOP-controlled Congress, the bill has industry leaders fretting.
“The prospects of it becoming law are nil,” said one banking lobbyist, who described Sanders’s legislations as “shrill, bombastic and misaligned.”
“But we care about whether this impacts Hillary and whether she’ll try to pander to the far left.”
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