Tweet: Bernie Sanders on how he'd break up big banks..

[robbedvoter]

17. This comes with the answer he should have given

I admit I didn't have it myself. But then again, I didn't tun around for 1 year demanding this be done
http://www.thepeoplesview.net/main/2016/4/6/bernie-sanders-clueless-about-breaking-up-banks

Furthermore, once such a determination is made by the Secretary of Treasury, the actual authority to oversee and implement the liquidation and asset distribution belongs not to the Treasury department but to the Federal Deposit Insurance Corporation, or the FDIC, an independent agency of the federal government.

The other part is that Sen. Sanders has no idea whether the administrative process will be enough or if new legislation will be required to implement his vision of breaking up the banks. As even Eavis' generally pro-Sanders commentary points out, asked to describe how he'd do it, Sanders seemed to believe either new legislation or existing Dodd-Frank authority could be used to do it. He seemed to have felt that the legislation he introduced in this regard is optional.