"White People are Not as Important as Bernie Sanders Thinks"

[Recursion]

122. Speaking personally, I'm wary about "breaking up the banks" as an end in itself

There are financial sector restructurings that could be good and restructurings that could be bad and I get no indication from the platform even what basic kind of outcome Sanders is looking for here (he's frozen on this in both interviews and debates, too). Does he want a Ma-Bell-style equity split? Capital requirement increases? Mandated asset liquidations?

"The banks" (whatever that means -- does it include insurance behemoths, etc.?) are "too big", in Sanders opinion. Too big absolutely? As a proportion of the GDP? Or is the systemic risk that they are too diversified in their holdings and commitments? This seems to be the Dodd-Frank view, which also has its problems (would a less diversified financial sector actually be better?) I don't know, and if Sanders has a view on it he's not saying. He just knows that this line polls very, very well, so he keeps using it. But I don't agree with "breaking up the banks" as an end in itself, because I don't believe in itself it's a good thing.

I'm incredibly disappointed in how little actual work he seems to have put in to most parts of his platform, but "break up the banks" is probably the worst offender, even worse than his single payer plan that predicted pharmaceutical manufacturers would pay us to take their drugs.

"In the first weeks of my administration, the Treasury department would draw up a list of institutions that are too big to fail." Well, yeah: Treasury already does that. It's part of Dodd-Frank. I know he knows that (he's on the committee that receives that report before anybody else) and I assume he also knows his supporters don't know that. That bothers the hell out of me.

And what do you like about Hillarys campaign?

Not a damn thing, personally. I think we managed to whittle ourselves down to our worst two possible candidates.