On breaking up the big banks and reinstating Glass-Steagall. So much for
the faux misdirection that he doesn't know about economics. Signatories
listed. An excerpt:
"In our view, Sen. Bernie
Sanders’ plan for comprehensive financial reform is critical for
avoiding another 'too-big-to-fail' financial crisis. The Senator is
correct that the biggest banks must be broken up and that a new 21st
Century Glass-Steagall Act, separating investment from commercial
banking, must be enacted. Wall Street’s largest banks are now far bigger
than they were before the crisis, and they still have every incentive
to take excessive risks."
"Secretary Hillary
Clinton’s more modest proposals do not go far enough. They call for a
bit more oversight and a few new charges on shadow banking activity, but
they leave intact the titanic financial conglomerates that practice
most shadow banking. As a result, her plan does not adequately reduce
the serious risks our financial system poses to the American economy and
to individual Americans. Given the size and political power of Wall
Street, her proposals would only invite more dilution and finagle."
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