I like Bernie Sanders’s banking act
That said, Mr. Sanders’s philosophy seems sensible. Breaking up the biggest financial firms would remove unfair subsidies in the form of implicit government backing, sharply reduce systemic risk, and perhaps foster greater competition. Given the poor performance of some of the biggest financial conglomerates, it might even benefit shareholders. It’s quite a show of capitalist sympathies from a Green Mountain socialist.
via Breakingviews.com – Wells Fargo’s Big Dilemma – NYTimes.com.
He calls it the Too Big to Fail, Too Big to Exist Act. If you’re too big you’ll get chopped up!
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