Thursday, January 7, 2016

Sen. Bernie Sanders On Wall Street And Banking Reform

If you’ve seen the Adam McKay's film “The Big Short,” you know it was the greed of Wall Street traders and bankers, combined with the lack of regulatory control, that produced the 2008 economic crisis. You also know that nothing has changed. Congress still has not enacted the kind of financial reforms needed to prevent the next 2008-like financial crash and, even more disturbing, most of the banks are now bigger than they were before the 2008 crash. As noted by the Washington Post, “three of the four largest financial institutions are nearly 80 percent larger” than they were in 2008.

At Town Hall in New York City, Bernie Sanders delivered a major policy speech declaring that he will "break up any banks that are too big to fail and that big bankers will not be too big to jail."


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Politico: Sen. Elizabeth Warren on Wednesday offered some strong praise for Bernie Sanders Wall Street speech.

Huffington Post: Hillary Clinton's Campaign Response to Sanders' Wall Street Reform Proposals.

Sanders'Speech text as prepared for delivery: