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&_r=0
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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 didnt know how to break up the countrys biggest banks. Downsizing the largest financial institutions is one of Mr. Sanderss 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 Newss 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. Sanderss answers seem to make sense. Crucially, his answers mostly track with a reasonably straightforward breakup plan that he introduced to Congress last year.
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