Senator Bernie Sanders: Too Big to Fail = Too Big to Exist
Posted November 6th, 2009 by meekandmild
Senator Bernie Sanders introduced legislation that would break up financial institutions that are too big to fail. "If an institution is too big to fail, it is too big to exist," Sanders said. "We should break them up so they are no longer in a position to bring down the entire economy.
Continued at:
http://sanders.senate.gov...
This is another law that
This is another law that will be turned to the advantage of big corporations. They will put pressure on the politicans they have bought to destroy rival companies.
Hey Sanders, here's an idea!
Hey Sanders, if this is what you want, how about you introduce legislation in the Senate to END the Fed! These institutions are only able to get this big from intervention by central banks. Introduce identical legislation to HR 833, and you won't have to worry about these institutions bringing down the economy. Protect your constituents from this nonsense, end the fed!
Video
A little off topic, but here is a hilaroius video of Sanders going off on Greenspan during a committee hearing back when Sanders was in the house. For some reason this clip makes me laugh.
http://www.youtube.com/wa...
It is funny because it is the truth.
It is like watching Peter Schiff and Ron Paul at the same time.
The answers from Greenspan are even funnier.
I now see what they elected this commie Sanders - He is good.
Yup
Exactly. I just like how Sanders has the balls to yell at Greenspan and call him out, when probably everyone else in the room was bowing down to Greenspan.
Audit First Then End
I think it is a more realistic path.
I appreceiate the commie introducing 604.
..on a more serious note...
I think the free market itself is in a sense a right of the people. So I agree with Bernie in that if something is monopolistic that the rights of the people to have compitition outweighs the right of a company to be big.
Can I have a competitior to the Fed please. Since the Fed has already failed can we just say that they are too big.