Sen. Bernie Sanders, Rep. Brad Sherman Team Up to Break Up America’s Biggest Banks

[marmar]

from truthdig:


Building off the momentum from his 2016 campaign launch Thursday, Sen. Bernie Sanders is taking aim at America’s banking behemoths with an aggressively named new bill he drew up with Rep. Brad Sherman, D-Calif., called the “Too Big to Fail, Too Big to Exist Act.”

The congressional tag team will introduce their measure on Capitol Hill on Wednesday. A preemptive announcement released Tuesday about the unveiling, slated to be held in the Senate Radio and TV Gallery at 11:30 a.m. EST, said the aim of the effort is “to break up the nation’s biggest banks.”

A bold move, if seemingly improbable, but we’ll take it over the many implemented acts of legislative hypocrisy that turned out to have the opposite effect in recent history.

The bill’s title draws upon the same rationale that banks like Goldman Sachs, JPMorgan Chase and Bank of America capitalized upon—both while playing roulette with the global economy and then while putting the squeeze on two successive American administrations to bail them out—to illustrate precisely why those same institutions shouldn’t be able to survive in the same destructive form that allowed them to wreak havoc on an unprecedented scale. ....................(more)

http://www.truthdig.com/eartotheground/item/sen_bernie_sanders_rep_brad_sherman_team_up_to_20150505

[cantbeserious]

1. I Will No Longer Settle For The Lesser Of Two Evils - Go Bernie Go

eom

[stillwaiting]

2. Great name. Would resonate with most Americans no doubt. They need to hear about it now. nt