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Senator Bernie Sanders Bill Would Break Up Big Banks

U.S. Sen. Bernie Sanders (I-Vt.) said today he will introduce legislation to break up banks that have grown so big that the Justice Department has not pursued prosecutions for fear an indictment would harm the financial system.

The 10 largest banks in the United States are bigger now than before a taxpayer bailout following the 2008 financial crisis. At the time Congress, over Sanders' objection, approved a $700 billion bank rescue because of concerns by some that the financial institutions were too big to fail. Another $16 trillion from the Federal Reserve propped up financial institutions.

Attorney General Eric H. Holder Jr. now says the Justice Department may not pursue criminal cases against big banks because filing charges could "have a negative impact on the national economy, perhaps even the world economy."

"In other words," Sanders said, "we have a situation now where Wall Street banks are not only too big to fail, they are too big to jail. That is unacceptable and that has got to change because America is based on a system of law and justice."

http://readersupportednews.org/news-section2/318-66/16711-se...

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Cyril's picture

Thank for posting this. This is amusing. In a sick way.

Thank for posting this. This is amusing. In a sick way.

"In other words," Sanders said, "we have a situation now where Wall Street banks are not only too big to fail, they are too big to jail. That is unacceptable and that has got to change because America is based on a system of law and justice."

Er..

Someone... ? Please... ?

...

"[...]because America is based on a system of law and justice"

...

Yes, can someone wake up this man from his daydreaming for his own safety ?

I mean... Well, you know as well as I do:

http://www.dailypaul.com/249236/obama-s-unprecedented-lie

...

Ahh... Poor Bernie. Disenchantment coming! :/

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Don't fall in love with

Don't fall in love with Bernie. He is a straight up Communist and Israeli-zionist-oneworlder shill all at the same time. Yes he would be happy to break up big banks as a start and replace them with Gosbank USSA while sticking us all in Kibbutz's. Not a bad thing maybe for some who might like,,, but we would not be choosing it if you know what I mean. You know, "to each by his ability to each by his need". Of course they say "his" and "hers" now... Scary the change in just the last 20 years of accepting this evil thought in VT.

Bernie is a danger to himself and others. If you ever want to know that just ask him what he would do next if any of his "first step" ideas were accomplished then ask him what after that??? He is backed by NWO types that would like to see Vermont as their personal fiefdom and its government as their own experiment in a modern feudal system.
And, with huge public programs and through the captured public school system Vermonters are swallowing it hook, line, and sinker after just two generations. As their standard of living and ability to own and use their own property is attacked from new angles all the time, Bernie and his evil buddies are taking notes and making "progress"... Vermont might be an interesting place as the people wake up. It does have rich history of liberty.

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

ecorob's picture

He also voted against the bailout!

Good for him!

Also, thanks for the info above. I knew there was something fishy about him but couldn't quite put my finger on it. There is always a plant in the "works" to allow for the dissent leader later.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

Yeah what's new. The only white collar crimes the FBI is...

Yeah what's new. The only white collar crimes the FBI is interested in going after are the parents of 8-13 year old kids for music piracy.

The banks and their employees can do no wrong and are above the law... or our jails would already be filed with bankers who committed mortgage fraud against homeowners instead of housing pot smokers who only victimize themselves.

.

What do we expect,

they have the money to by the government.