Confounding
Gold Member
- Jan 31, 2016
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I must have missed the plans other candidates have for breaking up the banks. Could somebody enlighten me for compare and contrast purposes?
170 Prominent Economists Back Bernie Sanders' Plan to Rein in Wall Street
Financial experts, academics, and economists from across the nation are officially endorsing Bernie Sanders’ proposal to break up big banks and bring justice to Wall Street. In a speech earlier this month in the heart of New York City’s financial district, Sanders outlined his plan to reform Wall Street that included, among other things, passing a new law similar to the Glass-Steagall bill of the 1930s that would separate commercial banking from investment banking — effectively breaking up the biggest Wall Street banks into smaller institutions. Sanders also pledged to take action to cap ATM fees at $2 per use, make usurious interest fees illegal, levy a sales tax on all financial transactions on Wall Street to discourage speculative trading, and bring criminal charges against the banking executives responsible for the 2008 financial crisis. Here’s video of the full speech:
170 Prominent Economists Back Bernie Sanders' Plan to Rein in Wall Street
Financial experts, academics, and economists from across the nation are officially endorsing Bernie Sanders’ proposal to break up big banks and bring justice to Wall Street. In a speech earlier this month in the heart of New York City’s financial district, Sanders outlined his plan to reform Wall Street that included, among other things, passing a new law similar to the Glass-Steagall bill of the 1930s that would separate commercial banking from investment banking — effectively breaking up the biggest Wall Street banks into smaller institutions. Sanders also pledged to take action to cap ATM fees at $2 per use, make usurious interest fees illegal, levy a sales tax on all financial transactions on Wall Street to discourage speculative trading, and bring criminal charges against the banking executives responsible for the 2008 financial crisis. Here’s video of the full speech: