Bernie Sanders to propose bill to break up big banks, he'll be supported by Sherrod Brown. But, i

[Cal33]

question if there will be enough time for it to succeed, because the Republicans will
have the majority in the Senate in 2 weeks+. I wish Bernie had thought of this sooner.

http://www.dailykos.com/story/2014/12/14/1351830/-Bernie-Sanders-To-Intro-Bill-to-Break-Up-Big-Banks?detail=facebook#

[PoliticAverse]

1. Would a majority of Democrats in the Senate even support such a bill? n/t

[Scuba]

2. And lose their next turn in the revolving door? Seems unlikely.

[Thinkingabout]

3. Who do you think passed Dodd-Frank, it was passed in 2010, the

Democrats was in the majority. And to think there was cheering,saying good riddance when a Democrat lost in 2014, this is wrong and will return to bite us in the butt.

[PoliticAverse]

4. Big difference between supporting Dodd-Frank and supporting breaking up big banks. n/t

[Thinkingabout]

7. Well, the question was will Democrats pass a bill to break up big banks

Which really became big after TARP and I concluded they would based on the fact a Democratic congress passed Dodd-Frank. It will not happen in the next two years and maybe in the next four years because the Democrats has to take back the House and Senate, elections has consequences, now we have to face the music.

[jwirr]

10. I think that there will come a time when the banksters get themselves in another jam requiring

another bailout and that is the time that not only Democrats but also Rs will support breaking up the banks. It will take that next crash to get people on the band wagon.

[1StrongBlackMan]

12. +1. n/t

[Cal33]

5. After Sen. Elizabeth Warren's fiery speech, the chances should actually be good, if the senators

Last edited Tue Dec 16, 2014, 08:52 AM - Edit history (1)

would be willing to vote on it within the few days before they go home for the Holidays. The
Republicans would naturally try to stall the thing until January, when they will be in control of
the Senate.

[PoliticAverse]

6. Bill would likely be stuck in committee until the Holidays. n/t

[Cal33]

16. After Elizabeth Warren's fiery speech -- it just might be. Then, of course it will

also have to go through the House.

[Thinkingabout]

8. It would still have to be voted in the House, naw, it will not happen in this Congress.

[onenote]

9. He did think of it sooner. In 2009. And again in 2013.

But he didn't make much of an effort to get sponsors or push it (apart from offering it as an amendment to a bill being considered by the Budget Committee in 2010). In particular, even though the bill introduced in 2013 was referred to the Banking Committee, he either was unable or unsuccessful in getting either Warren or Brown -- both members of that committee -- to sign on as co-sponsors at that time.

By the way, where does it say Brown will support Sanders this time around?

[Cal33]

13. I read it in a different article. They are apparently separate efforts. Wouldn't

it be better, if they worked together?

http://www.huffingtonpost.com/2013/02/28/sherrod-brown-banks-david-vitter_n_2782665.html

[Mr. Mustard]

11. As much as I like Sen. Sanders

His proposal is just before Republicans take control of Senate.

Interesting timing.

Sorry guys, but our Democrats and even Mr. Sanders it seems are playing games.

Senator Sanders can tout his proposal now as though he's a freaking hero, fighting against the oligarchs when he knows it will not pass a Republican house and Senate.


I also like President Obama, but now he's going to sign a budget into law allowing banks to take risks and be insured with FDIC money. Our money.

I love my family, earth, life and America too much to be blindly loyal to anyone or any party.

Democrats and President Obama should refuse to sign this budget, even if it means a shut down. Enough is enough, or actually it's not when you're a career D.C. politician.

Democrats, as Matt Taibi said and I paraphrase, Democrats play this game of "caring" for the populace and trying to appease Wall Street. In the end, Wall Street wins again and we're screwed again.

So good luck Mr. Sanders with your proposal, why didn't you do this every single day of each year since 2009?

Rotating villains is the game.

[Cal33]

14. The timing does look awkward. Maybe Sanders has something up his sleeve? Who knows?

Last edited Tue Dec 16, 2014, 05:40 PM - Edit history (1)

[Bluenorthwest]

15. He actually did so in 2009 and again in 2013.

Perhaps ask the members of the Banking Committee why it did not move forward?