Friday, January 8, 2016

Bernie Sanders Lays Out Plan To Break Up Wall Street Banks

Bernie Sanders Lays Out Plan To Break Up Wall Street Banks

"Sanders promised to create a list of the biggest "too big to fail" institutions within the first 100 days of his presidency, and then break them up. He would also reinstate Glass-Steagall and establish rigid firewalls between insurance, securities and banking. Sanders then promised to tax Wall Street speculators as penalty for destabilizing markets. In addition, he would force bond rating agencies to become non-profit entities in order to reduce the possibility of favoritism toward Wall Street."