Ed Show: Sen. Sanders on Financial Reform - 'You've Got to Break Them Up' (GOP Party of Obstruction)

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Run time: 04:21 https://www.youtube.com/watch?v=-U32Bm2wfBs   Posted on YouTube: April 27, 2010 By YouTube Member: MoxNewsDotCom Views on YouTube: 236   Posted on DU: April 27, 2010 By DU Member: Hissyspit Views on DU: 480

 
MSNBC The Ed Show w/ ED SCHULZ - 26 April 2010: Interview w/ Sen. Bernie Sanders of Vermont concerning financial reform.

SANDERS: "We are taking on the most powerful people in the world. And these CEOs do not roll over easy. They've got a lot of money and a lot of influence, and they certainly will use it. But, Ed... we want to make sure is we're not just passing something for the sake of passing something. We want to pass something real. REAL."

SCHULTZ: "Well, how real is reconciliation? I mean, here we go again. I mean, the righties are in the way. They don't want to move on Wall Street, now. Can we go reconciliation? Can the Senate go reconciliation on this kind of legislation?"

SANDERS: "Well, we will see. If I'm not mistaken, in the coming days you're going to find some Republicans looking over their shoulders and saying 'you know what, people back home want me to do something..."

- snip -

SANDERS: "Let me say something on this credit card business, 'cause we're going to offer an amendment - it's a pretty simple amendment. It says that we have to end usury and outrageous interest rates on credit cards in the United States - 15% max which is what credit unions now exist under.

Second thing, Ed, in my view, we've got to go beyond Dodd... and what we have got to do is understand that when you have four major financial institutions, who have $7 trillion in assets, more than half of the GDP in America, you know what you've got to do, Ed? You've got to break them up. That's what you've got to do."

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