Posted on 01/08/2016 8:12:48 PM PST by Olog-hai
Characterizing Wall Street as an industry run on "greed, fraud, dishonesty and arrogance," Democratic presidential candidate Bernie Sanders pledged to break up the country's biggest financial firms within a year and limit banking fees placed on consumers, should he become president, in a fiery speech on Tuesday.
He coupled that promise, delivered in front of a raucous crowd just a few subway stops from Wall Street, with a series of attacks on rival Hillary Clinton, arguing her personal and political ties make her unable to truly take on the financial industry.
"To those on Wall Street who may be listening today, let me be very clear: Greed is not good," said Sanders, in a reference to Oliver Stone's 1980s film, "Wall Street."
"If Wall Street does not end its greed, we will end it for them," he said, as a cheering audience jumped to its feet. ...
(Excerpt) Read more at bigstory.ap.org ...
Oh Bernie, you don’t really think you will be in the Oval Office, do you?
Stupid should not get him enter. He also has to give back his cowardly lion voice from the Wizard of Oz.
Sanders bites.
But I have been saying since day 1 that ANY company that is too big to fail is TOO BIG TO EXIST!
Trust busting laws are already on the books, all that is needed is a president willing to use them!
I hope Trump is that president!
If by “the banks” he meant the Fed he’d at least be in the right ballpark.
I realize attacking the banks is standard Communist party fare.
Also, I appreciate the convenience of a big bank with many branches.
However, in the last few years (Obama’s regime) there’s been tremendous concentration in this industry. It is my opinion that no bank should be “too big to fail”....this especially since it winds up being we, the taxpayers, who wind up “having” to bail them out
We can have big banks, just I think that maybe we would be better off without Super-Sized banks?
AND we definitely need to reinstitute the barrier between retail and investment banking! letting one outfit both take our savings deposits AND invest in risky ventures... is just asking for trouble
Hey Bernie, start talking about breaking up the Fed and I might start listening.
ok, now have at me
ha!
smile
smile
smile
and Happy New Year!
In 1913 America was sold out by politicians who knew the Federal Reserves was a private banking cabal. These politicians lied over and over to get the legislation passed over the Christmas Holiday, finally. Bernie is a commie puppet. He will lie in any way necessary to get elected, then do as he is told by the banking oligarchy.
THAT in bold is the scary part.
‘Greed, fraud, dishonesty and arrogance.’
Sounds like this crazy communist just described himself.
If Bernie wins, Jackie Mason will be a billionaire!
Yes, the creature from Jekyll Island- the Fed. Massive fraud.
The problem is, he doesn’t mean the federal reserve, he means the big banks. I guess repassing glass-steigal is what he means, but since he’s been in the Senate has he tried getting this done? No, he hasn’t.
And unless you address the problem of the ‘fed’, you’re not really solving anything.
Here’s a good question to ask any politician (eg Bernie Sanders). When we pay interest on the debt, where does that interest go? We’ve paid 20 Trillion or so since 1913. Where has that money gone???
I think it goes to the private families that own the central banking system. The same people that are flooding America and Europe with ‘refugees’.
I agree. All things being equal, the big banks should be allowed to fail. But they were forced by the gov’t to give loans to people that couldn’t pay for them for “social justice” and then all he’ll broke loose. There’s a lot of blame to go around.
Pffft! Only the banks who aren’t giving him money. Its like how Killary brags about how she’s going to “get” Wall Street Bankers...when she gets all her money from them.
Well, the size of the audience was not noted.
And we thought getting out from under Zer0 could only result in an improvement.
Then this joker comes along and shows us how to destroy the economy for real.
Makes me shudder to think that there are likely 40-45% or more of the people that would vote for him in a heartbeat.
Crony capitalism aided by the federal reserve and corrupt politicians bad, free market capitalism good. His audience doesn’t know the difference.
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