TYT: Bernie Sanders’s Plan To Break Up Megabanks

[WhoIsNumberNone]

Bernie Sanders just delivered a speech on Wall Street that they are not going to like at all. He explained, in extreme detail, what his approach toward the big banks would be if elected president. Cenk Uygur and John Iadarola (Think Tank), hosts of the The Young Turks, break it down. Tell us what you think in the comment section below.

"Presidential hopeful Bernie Sanders will pledge Tuesday that if elected president he would act within his first year to break up banks deemed “too big to fail.”

The promise is included in a speech that the Vermont senator is scheduled to deliver in Manhattan on Wall Street reform, one of the pillars of his upstart campaign for the Democratic nomination against Hillary Clinton.

In the address, Sanders plans to assert that “a handful of huge financial institutions simply have too much economic and political power over this country.”

“If a bank is too big to fail, it is too big to exist,” Sanders will say, according to excerpts released by his campaign. “When it comes to Wall Street reform, that must be our bottom line.””*

Read more here: https://www.washingtonpost.com/news/post-politics/wp/2016/01/04/in-wall-street-speech-sanders-will-pledge-to-break-up-big-banks-within-first-year-in-office/

[lewebley3]

1. Crazy: not going happen proposal: Like the bills he put forth that Senate never

passes.

[Spitfire of ATJ]

6. So we're supposed to figure Republicans have already won and work from there.

[lewebley3]

7. They won the 2014 elections;That is why nothing can get passed

too few Dem's:

[Spitfire of ATJ]

8. So we're going from "Hope and Change" to "It's Hopeless".

[Jack Rabbit]

2. Of course, these are popular ideas

That's why the establishment opposes them them tooth-and-nail and even resorts to underhanded tactics to destroy him.

Like not giving him any air time or scheduling debates when no one will watch. When the establishment owns the media and doesn't give him any air time on programming the purpose of which is to inform the public in a democratic process, that's not just a dirty trick, that's a complete dereliction of duty.

[Duckfan]

3. Never make assumptions the House or Senate will remain the same.

They won't. There are 33 "R" seats up for reelection in the Senate. Repukes will lose big time because of voter dissatisfaction with their performance. I would tell you about "coattails" in an election cycle, but that may be too complicated for you.

[jwirr]

4. For those who think this is not needed. Think of this. "Too

big to fail." The underlying meaning of this statement is that if they fail they will take the entire world with them. Thus the need for the 2008 bailout.

Unless we want to continue bailing them out we need to break them up and end their monopoly. Smaller banks existed when I was born until the raygun era and especially until Glass-Steagall was repealed. Those were very good years.

It is time to bring them back.

[Spitfire of ATJ]

5. "I'm very badly Berned!"