Break up the banks, says Minneapolis Fed chief

[beastie boy]

23. Roosevelt was not a Keynesian when he ran. But most of his economic advisers were

And he turned around fairly quickly.

From your source:

To balance our budget in 1933 or 1934 or 1935 would have been a crime against the American people. To do so we should either have had to make a capital levy that would have been confiscatory, or we should have had to set our face against human suffering with callous indifference. When Americans suffered, we refused to pass by on the other side. Humanity came first.

In any event, this addresses Roosevelt. What about Bernie? Who are his economic advisers? It is well established that he wants to break up the big banks. We know he wants to reinstate Glass-Steagal. No problem with that.

The problem is: how many allies in Congress does he have to pass any legislation as controversial (in Congress) as Glass-Steagal? If by some miracle it is reinstated, is separating commercial banks from investment banks sufficient to achieve Bernie's goal? If by some miracle it is sufficient, what effects on the economy, either positive or negative, can be anticipated and how would they managed?

You may have some answers to this, but with all due respect, you ain't running for President. I would like to hear from Bernie on this.

And he ain't talking.