Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LiberalElite

(14,691 posts)
Wed Apr 6, 2016, 07:35 PM Apr 2016

NY Times: Yes, Bernie Sanders Knows Something About Breaking Up Banks

http://www.nytimes.com/2016/04/07/upshot/yes-bernie-sanders-knows-something-about-breaking-up-banks.html?em_pos=small&emc=edit_up_20160406&nl=upshot&nl_art=1&nlid=46529169&ref=headline&te=1

snip
Bernie Sanders probably knows more about breaking up banks than his critics give him credit for.

The Daily News on Monday published an interview with him that led some commentators to say he didn’t know how to break up the country’s biggest banks. Downsizing the largest financial institutions is one of Mr. Sanders’s signature policies, so it would indeed raise questions about his candidacy if he had little idea of how to do it.

In the interview, with The Daily News’s editorial board, Mr. Sanders does appear to get tangled up in some details and lacks clarity. Breaking up the banks would involve arcane and complex regulatory moves that can trip up any banking policy wonk, let alone a presidential candidate. But, taken as a whole, Mr. Sanders’s answers seem to make sense. Crucially, his answers mostly track with a reasonably straightforward breakup plan that he introduced to Congress last year.
snip
xposted in Sanders group
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
NY Times: Yes, Bernie Sanders Knows Something About Breaking Up Banks (Original Post) LiberalElite Apr 2016 OP
K & R n/t Bjornsdotter Apr 2016 #1
K&R Luminous Animal Apr 2016 #2
Polishing a turd. nt Cali_Democrat Apr 2016 #3
Yes. The journalist has ONLY been writing about finance for decades. Luminous Animal Apr 2016 #5
Guess he forgot before he remembered redstateblues Apr 2016 #4
Latest Discussions»Retired Forums»2016 Postmortem»NY Times: Yes, Bernie San...