Bernie Sanders unveils foundation-shattering Wall Street reform plans

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Housingwire:

On Tuesday, Sanders again took on the Fed in a wide-ranging speech on Wall Street and the economy, but the Fed got off easy compared to the rest of Wall Street, especially the country’s biggest banks.

In his speech, Sanders detailed just how different life would be for the “too big to fail” banks under a Sanders administration. In fact, there would be no life for the “too big to fail” banks if Sanders is elected president, only death.

In the speech, Sanders said “if a bank is too big to fail, it is too big to exist.”

According to Sanders, in his first 100 days as President, he would order the secretary of the Treasury Department to establish a “too big to fail” list of “commercial banks, shadow banks and insurance companies whose failure would pose a catastrophic risk to the United States economy without a taxpayer bailout.”

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