http://www.sanders.senate.gov/newsroom/press-releases/sanders-files-bill-to-break-up-big-banks The Sanders and Sherman legislation would give banking regulators 90 days to identify commercial banks, investment banks, hedge funds, insurance companies and other entities whose “failure would have a catastrophic effect on the stability of either the financial system or the United States economy without substantial government assistance.” The list would have to include Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo. These eight institutions already have been deemed “systemically important banks” by the Financial Stability Board, the international body which monitors the global financial system. Under the legislation, the U.S. Treasury Department would be required to break up those and any other institutions deemed too big to fail by the treasury secretary. Any entity on the too-big-to-fail list would no longer be eligible for a taxpayer bailout from the Federal Reserve and could not use their customers’ bank deposits to speculate on derivatives or other risky financial activities. To read the bill and a summary click here and here. To read Sanders’ statement at the news conference, click here.
Likewise, Sanders has evidently given little thought to what impact his policy would actually have on the large institutions he wants to break up: Daily News: So if you look forward, a year, maybe two years, right now you have…JPMorgan has 241,000 employees. About 20,000 of them in New York. $192 billion in net assets. What happens? What do you foresee? What is JPMorgan in year two of… Sanders: What I foresee is a stronger national economy. And, in fact, a stronger economy in New York State, as well. What I foresee is a financial system which actually makes affordable loans to small and medium-size businesses. Does not live as an island onto themselves concerned about their own profits. And, in fact, creating incredibly complicated financial tools, which have led us into the worst economic recession in the modern history of the United States. Daily News: I get that point. I’m just looking at the method because, actions have reactions, right? There are pluses and minuses. So, if you push here, you may get an unintended consequence that you don’t understand. --------------------------------------------------------------------------------------------------------- So ridiculous to question Bernie Sander's for unintended consequences to break up these big banks. Was the selling of the subprime mortgage bundle (rated AAA) from these big banks create the (unintended consequence)? Yes. These banks create the financial crisis to not only the USA, but to Europe, Asia and others. They sell these crap junk with the AAA rating all over the world.
The rigged system is exposed for all to see. The Bern destroys Clinton in the popular vote and then only manages to pick up a 3 delegate edge last night. Just in case you're really stupid let me spell it out. Your vote means nothing. Your opinion means nothing. Your life means nothing to these people. Presidents are not elected, they're appointed, and you ain't doing the appointing.
Imo, this is at the heart of modern political philosophy in this country. What does it mean to be a Democrat. What does it mean to be a Republican. What can it mean? Are we forever in the straight-jacket of these labels? Hillary Clinton Says She's Unsure Bernie Sanders Is A Democrat "When asked whether she believes Sen. Bernie Sanders (I-VT) is a Democrat in a Politico interview published Wednesday morning, Hillary Clinton said she was unable to describe Sanders' relationship with the Democratic party. "Well, I can’t answer that," Clinton told Politico's "Off Message" podcast. "He’s a relatively new Democrat, and, in fact, I’m not even sure he is one. He’s running as one. So I don’t know quite how to characterize him."..." http://www.msn.com/en-us/news/polit...e-sanders-is-a-democrat/ar-BBrqGT4?li=BBnb7Kz
I don't know it is impossible. Remember, everyone wants you to give up. For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill. https://en.wikiquote.org/wiki/Sun_Tzu Wall St is pretty certain who will be president "Recent indications from deep-pocketed institutional investors as well as those who frequent prediction markets say Hillary Clinton will win. And it's not close. More than 70 percent of respondents to a recent Citigroup poll of institutional clients viewed the former secretary of state, first lady and New York senator as the likely 45th president. Just over 10 percent give Donald Trump the nod, while fellow Republican John Kasich is a few points behind. Democrat Bernie Sanders and Republican Ted Cruz barely register...." http://www.msn.com/en-us/money/mark...n-who-will-be-president/ar-BBrr4b6?li=BBnb7Kz