Wednesday, October 28, 2015
Robert Reich on Sanders, Clinton and the big banks
See the interview here. An interesting excerpt:
Mic: Clinton has called for more regulation of Wall Street, oversight of shadow banks and additional fees. Sanders has gone further, calling for big banks to be broken up and the Glass-Steagall Act to be revived. Who do you think has the right idea in that policy domain?
RR: As I've written about in several columns and essays, we need to break up the big banks, and also resurrect the Glass-Steagall Act. Doing one without the other won't avoid a Too Big to Fail catastrophe.