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Sanders unveils bank breakup bill
Sen. Bernie Sanders (I-Vt.) unveiled a tough bill targeting Wall Street Wednesday, reminding liberals pining for a loud leftward voice as a presidential candidate that he is available.
In one of his first legislative moves since announcing his presidential run, Sanders unveiled a bill that takes square aim at the biggest names on Wall Street. His legislation would require federal regulators to determine which financial institutions pose a risk to the economy thanks to their size and complexity, and give those firms a simple message: break yourselves up, or the government will do it for you.
“If an institution is too big to fail, it is too big to exist and that is the bottom line,” he said.
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When Sanders launched his presidential campaign earlier this month, he earned plaudits from liberal grassroots groups for his long record on fighting inequality and battling the nation’s most powerful. Many of those same groups also said they were still waiting for Warren to jump into the race.
A CNN poll out Wednesday found that Sanders was gaining ground in New Hampshire now that he is an official candidate, pulling in 13 percent support from Democratic primary voters compared to Clinton’s 51 percent. Warren, who has repeatedly ruled out a presidential run, tallied 20 percent.
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In one of his first legislative moves since announcing his presidential run, Sanders unveiled a bill that takes square aim at the biggest names on Wall Street. His legislation would require federal regulators to determine which financial institutions pose a risk to the economy thanks to their size and complexity, and give those firms a simple message: break yourselves up, or the government will do it for you.
“If an institution is too big to fail, it is too big to exist and that is the bottom line,” he said.
....
When Sanders launched his presidential campaign earlier this month, he earned plaudits from liberal grassroots groups for his long record on fighting inequality and battling the nation’s most powerful. Many of those same groups also said they were still waiting for Warren to jump into the race.
A CNN poll out Wednesday found that Sanders was gaining ground in New Hampshire now that he is an official candidate, pulling in 13 percent support from Democratic primary voters compared to Clinton’s 51 percent. Warren, who has repeatedly ruled out a presidential run, tallied 20 percent.
....
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