Break up the banks, says Minneapolis Fed chief

[Hortensis]

10. Not visionary. Sensible, and we've done it before.

Last edited Tue Apr 5, 2016, 01:19 PM - Edit history (1)

I remember when Bank of America was only allowed to operate in three states and was outraged that so many people sat on their fingers or voted in support of taking the leash off. Those who did deserve whatever they got as a result, but our nation needs to do better for the sake of the innocent and everyone to come.

The argument isn't that breaking up banks is undesirable, but that many more reforms must take place and that Bernie's plan should be broader than it is. Breaking up the banks is an emphatic, desirable move, but we could break up the banks all day long and the financial system's power to control and disrupt our economy would continue anyway. It's not the opening move under Hillary's plan, but it is on the table for everyone who wants financial reform.

Here's Elizabeth Warren on “the Unfinished Business of Financial Reform.”
http://billmoyers.com/2015/04/18/elizabeth-warren-speech/
She wants to break up the banks, but it's down there a ways because her list is significantly longer than just that.