Saturday, January 9, 2016

Fact check of Sanders on Wall Street reform

See this article. Some of the reasons Sanders gives for his policy proposals don't make sense but are still good ideas nonetheless. The article notes that if all the banks misbehave then it doesn't matter if we break up the big banks. But that's not what happened in the financial crisis; the big banks are the ones that committed fraud, not all the small banks. Red herring on that one. The article criticizes Sanders for his reasoning for reinstating Glass-Steagall but thinks it is a necessary step nonetheless. See the article for more.

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