Bernie Sanders (I): "Break 'em up"

[whitehall]

I bet Sanders would like to "break up banks". He used to be Bernie Sanders (S) for socialist until he found out a socialist couldn't get much funding. The freaking hypocrite takes capitalist funding for a campaign designed to overthrow capitalism. Who in their right mind votes for this jerk?

 

[boedicca]

The Obama Administration enshrined too big to fail in the alleged Consumer Protection Act. They actually want big banks, bigger is better, because they are easier to regulate and gov't can dictate easily to them.

But I distrust anything Bernie Sanders says. He's a bona fide commie simp.

Too Big To Fail for Banks...and Too Big To Succeed for Government.

What a great combination.

 

[The Rabbi]

It isn't just the left.
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Read more: Former Citigroup Head Sandy Weill Calls for Breaking up the Banks | TIME.com

Time to break up the big banks
George Will: Break up the big banks - The Washington Post

The following economists and financial experts agree with the concept of breaking up the banks.
Nobel prize-winning economist, Joseph Stiglitz
Nobel prize-winning economist, Ed Prescott
Nobel prize-winning economist, Paul Krugman
Former chairman of the Federal Reserve, Alan Greenspan
Former chairman of the Federal Reserve, Paul Volcker
Former Secretary of Labor Robert Reich
Current Vice Chair and director of the Federal Deposit Insurance Corporation – and former 20-year President of the Federal Reserve Bank of Kansas City – Thomas Hoenig (and see this)
Chief Stability Officer at the Bank of England, Andrew Haldane (and see this and this)
Former Federal Reserve Bank of New York economist and Salomon Brothers vice chairman, Henry Kaufman
Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
Former chief economist for the International Monetary Fund, Simon Johnson (and see this)
President of the Federal Reserve Bank of Dallas, Richard Fisher (and see this)
President of the Federal Reserve Bank of St. Louis, Thomas Bullard
Deputy Treasury Secretary, Neal S. Wolin
The Congressional panel overseeing the bailout (and see this)
The former head of the FDIC, Sheila Bair
The head of the Bank of England, Mervyn King
The Bank of International Settlements (the “Central Banks’ Central Bank”)
The International Monetary Fund
The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
Economics professor and senior regulator during the S & L crisis, William K. Black
Leading British economist, John Kay
Economics professor, Nouriel Roubini
Economist, Marc Faber
Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
Economics professor, Thomas F. Cooley
Economist Dean Baker
Economist Arnold Kling
Chairman of the Commons Treasury, John McFall
The Director of Research at the Federal Reserve Bank of Dallas, Harvey Rosenblum
Director, Max Planck Institute for Research on Collective Goods, Bonn, and Professor of Economics, University of Bonn, Martin Hellwig
Top Economists, Financial Experts and Bankers Say We Must Break Up the Giant Banks | The Big Picture

You realize almost all of those people are on the left, right? And Anna Schwartz has been dead for some time.

 

[kiwiman127]

It isn't just the left.
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Read more: Former Citigroup Head Sandy Weill Calls for Breaking up the Banks | TIME.com

Time to break up the big banks
George Will: Break up the big banks - The Washington Post

The following economists and financial experts agree with the concept of breaking up the banks.
Nobel prize-winning economist, Joseph Stiglitz
Nobel prize-winning economist, Ed Prescott
Nobel prize-winning economist, Paul Krugman
Former chairman of the Federal Reserve, Alan Greenspan
Former chairman of the Federal Reserve, Paul Volcker
Former Secretary of Labor Robert Reich
Current Vice Chair and director of the Federal Deposit Insurance Corporation – and former 20-year President of the Federal Reserve Bank of Kansas City – Thomas Hoenig (and see this)
Chief Stability Officer at the Bank of England, Andrew Haldane (and see this and this)
Former Federal Reserve Bank of New York economist and Salomon Brothers vice chairman, Henry Kaufman
Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
Former chief economist for the International Monetary Fund, Simon Johnson (and see this)
President of the Federal Reserve Bank of Dallas, Richard Fisher (and see this)
President of the Federal Reserve Bank of St. Louis, Thomas Bullard
Deputy Treasury Secretary, Neal S. Wolin
The Congressional panel overseeing the bailout (and see this)
The former head of the FDIC, Sheila Bair
The head of the Bank of England, Mervyn King
The Bank of International Settlements (the “Central Banks’ Central Bank”)
The International Monetary Fund
The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
Economics professor and senior regulator during the S & L crisis, William K. Black
Leading British economist, John Kay
Economics professor, Nouriel Roubini
Economist, Marc Faber
Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
Economics professor, Thomas F. Cooley
Economist Dean Baker
Economist Arnold Kling
Chairman of the Commons Treasury, John McFall
The Director of Research at the Federal Reserve Bank of Dallas, Harvey Rosenblum
Director, Max Planck Institute for Research on Collective Goods, Bonn, and Professor of Economics, University of Bonn, Martin Hellwig
Top Economists, Financial Experts and Bankers Say We Must Break Up the Giant Banks | The Big Picture

You realize almost all of those people are on the left, right? And Anna Schwartz has been dead for some time.

You realize that in the real world, no these folks aren't all from the right, of course most of us know that 90% of the population is to the left of you. Anna Schwartz died last summer, prior to her death she was for breaking up the banks and now she doesn't feel that way.
Bernie Sanders didn't just come up with the concept economists have written several articles about this over the past few years. I thought you'd know that but then you have always been a big apologist for the banking sector, so you would have immediately dismissed the notion anyways.

 

[Dot Com]

It isn't just the left.
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Read more: Former Citigroup Head Sandy Weill Calls for Breaking up the Banks | TIME.com

Time to break up the big banks
George Will: Break up the big banks - The Washington Post

The following economists and financial experts agree with the concept of breaking up the banks.
Nobel prize-winning economist, Joseph Stiglitz
Nobel prize-winning economist, Ed Prescott
Nobel prize-winning economist, Paul Krugman
Former chairman of the Federal Reserve, Alan Greenspan
Former chairman of the Federal Reserve, Paul Volcker
Former Secretary of Labor Robert Reich
Current Vice Chair and director of the Federal Deposit Insurance Corporation – and former 20-year President of the Federal Reserve Bank of Kansas City – Thomas Hoenig (and see this)
Chief Stability Officer at the Bank of England, Andrew Haldane (and see this and this)
Former Federal Reserve Bank of New York economist and Salomon Brothers vice chairman, Henry Kaufman
Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
Former chief economist for the International Monetary Fund, Simon Johnson (and see this)
President of the Federal Reserve Bank of Dallas, Richard Fisher (and see this)
President of the Federal Reserve Bank of St. Louis, Thomas Bullard
Deputy Treasury Secretary, Neal S. Wolin
The Congressional panel overseeing the bailout (and see this)
The former head of the FDIC, Sheila Bair
The head of the Bank of England, Mervyn King
The Bank of International Settlements (the “Central Banks’ Central Bank”)
The International Monetary Fund
The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
Economics professor and senior regulator during the S & L crisis, William K. Black
Leading British economist, John Kay
Economics professor, Nouriel Roubini
Economist, Marc Faber
Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
Economics professor, Thomas F. Cooley
Economist Dean Baker
Economist Arnold Kling
Chairman of the Commons Treasury, John McFall
The Director of Research at the Federal Reserve Bank of Dallas, Harvey Rosenblum
Director, Max Planck Institute for Research on Collective Goods, Bonn, and Professor of Economics, University of Bonn, Martin Hellwig
Top Economists, Financial Experts and Bankers Say We Must Break Up the Giant Banks | The Big Picture

yes I remember when the President of the Federal Reserve Bank of Dallas announced his approval of the mega-bank busting as well.

As to the OP- Sadly, if someone who isn't a Repub comes up w/ the legislation (Sanders (I) in this case) the Righties have a tantrum.

 

[MikeK]

I bet Sanders would like to "break up banks". He used to be Bernie Sanders (S) for socialist until he found out a socialist couldn't get much funding. The freaking hypocrite takes capitalist funding for a campaign designed to overthrow capitalism. Who in their right mind votes for this jerk?

Those who understand what America desperately needs to survive as the respectable democratic republic it was intended to be.

Bernie Sanders is a statesman and a good man. He would be a wonderful president.

 

[The Rabbi]

It isn't just the left.
Former Citigroup Head Sandy Weill Calls for Breaking up the Banks
Read more: Former Citigroup Head Sandy Weill Calls for Breaking up the Banks | TIME.com

Time to break up the big banks
George Will: Break up the big banks - The Washington Post

The following economists and financial experts agree with the concept of breaking up the banks.
Nobel prize-winning economist, Joseph Stiglitz
Nobel prize-winning economist, Ed Prescott
Nobel prize-winning economist, Paul Krugman
Former chairman of the Federal Reserve, Alan Greenspan
Former chairman of the Federal Reserve, Paul Volcker
Former Secretary of Labor Robert Reich
Current Vice Chair and director of the Federal Deposit Insurance Corporation – and former 20-year President of the Federal Reserve Bank of Kansas City – Thomas Hoenig (and see this)
Chief Stability Officer at the Bank of England, Andrew Haldane (and see this and this)
Former Federal Reserve Bank of New York economist and Salomon Brothers vice chairman, Henry Kaufman
Dean and professor of finance and economics at Columbia Business School, and chairman of the Council of Economic Advisers under President George W. Bush, R. Glenn Hubbard
Former chief economist for the International Monetary Fund, Simon Johnson (and see this)
President of the Federal Reserve Bank of Dallas, Richard Fisher (and see this)
President of the Federal Reserve Bank of St. Louis, Thomas Bullard
Deputy Treasury Secretary, Neal S. Wolin
The Congressional panel overseeing the bailout (and see this)
The former head of the FDIC, Sheila Bair
The head of the Bank of England, Mervyn King
The Bank of International Settlements (the “Central Banks’ Central Bank”)
The International Monetary Fund
The leading monetary economist and co-author with Milton Friedman of the leading treatise on the Great Depression, Anna Schwartz
Economics professor and senior regulator during the S & L crisis, William K. Black
Leading British economist, John Kay
Economics professor, Nouriel Roubini
Economist, Marc Faber
Professor of entrepreneurship and finance at the Chicago Booth School of Business, Luigi Zingales
Economics professor, Thomas F. Cooley
Economist Dean Baker
Economist Arnold Kling
Chairman of the Commons Treasury, John McFall
The Director of Research at the Federal Reserve Bank of Dallas, Harvey Rosenblum
Director, Max Planck Institute for Research on Collective Goods, Bonn, and Professor of Economics, University of Bonn, Martin Hellwig
Top Economists, Financial Experts and Bankers Say We Must Break Up the Giant Banks | The Big Picture

You realize almost all of those people are on the left, right? And Anna Schwartz has been dead for some time.

You realize that in the real world, no these folks aren't all from the right, of course most of us know that 90% of the population is to the left of you. Anna Schwartz died last summer, prior to her death she was for breaking up the banks and now she doesn't feel that way.
Bernie Sanders didn't just come up with the concept economists have written several articles about this over the past few years. I thought you'd know that but then you have always been a big apologist for the banking sector, so you would have immediately dismissed the notion anyways.

OK, so claiming that people who aren't on the left support breaking up the banks is your typical leftist dishonesty. What is it with you people that you cannot simply tell the truth?
I have never been an apologist for the banks. I think too big to fail is atrocious. Of course Obama&Co enshrined that notion into law recently.
As Reagan said, If it moves, tax it. If it still moves, regulate it. If it stops moving, subsidize it. That is the formula for the Left. Look how many are still cheering the GM and Chrysler bail out.

 

[Rozman]

Yup.....destroy the banking industry.

Now we know what caused the Great Depression.

Progressives.

Get rid of banks,brokerage houses,insurance companies,drug manufactures,gun manufacturers,corporations.

Shut it all down.
Grow government...

What say you all?

 

[Rozman]

Only through government benevolence can we hope to thrive and prosper!

 

[The Rabbi]

Only through government benevolence can we hope to thrive and prosper!

Yeah. Just ask the French and Japanese.

 

[editec]

As long as the government backs up deposits in the banks, those banks ought to be regulated to prevent them taking the kinds of risks they took.

Banks that want to play the high risk games ought not to be so backed up by FDIC.

If you don't already understand this?

Then you seriously haven't a clue what this subject is all about.

 

[t_polkow]

The best thing that could happen to America is a Bernie Sanders presidency! It would be analogous to a cure for cancer.

thats what the liberals thought when they spied for another socialist, Joseph Stalin! Little did know that his liberalism was slowly starving 60 million to death while they were helping him build the bomb!!

What an uneducated ignoramus

[ame=http://www.youtube.com/watch?v=1CoeAwUswGI]NPR: How To Speak Tea Bag - YouTube[/ame]

 

[EdwardBaiamonte]

The best thing that could happen to America is a Bernie Sanders presidency! It would be analogous to a cure for cancer.

thats what the liberals thought when they spied for another socialist, Joseph Stalin! Little did know that his liberalism was slowly starving 60 million to death while they were helping him build the bomb!!

What an uneducated ignoramus

are you saying that liberals didn't spy for Stalin or that socialism didn't starve 100 million or so to death in China and USSR???

 

[Dot Com]

As long as the government backs up deposits in the banks, those banks ought to be regulated to prevent them taking the kinds of risks they took.

Banks that want to play the high risk games ought not to be so backed up by FDIC.

If you don't already understand this?

Then you seriously haven't a clue what this subject is all about.

you just described EdwardBaiamonte

The best thing that could happen to America is a Bernie Sanders presidency! It would be analogous to a cure for cancer.

thats what the liberals thought when they spied for another socialist, Joseph Stalin! Little did know that his liberalism was slowly starving 60 million to death while they were helping him build the bomb!!

What an uneducated ignoramus

[ame=http://www.youtube.com/watch?v=1CoeAwUswGI]NPR: How To Speak Tea Bag - YouTube[/ame]

EdwardBaiamonte doesn't have the requisite IQ to participate in our discussion, no.

 

[EdwardBaiamonte]

As long as the government backs up deposits in the banks, those banks ought to be regulated to prevent them taking the kinds of risks they took.

Banks that want to play the high risk games ought not to be so backed up by FDIC.

this is stupid beyond worlds!! The crisis was caused by the FDIC. They insured deposits so depositors didn't have to care what bank they were investing their money in.

Imagine if libturds regulated the entire economy so that no one had to worry where they invested their money? It is a formula for massive misallocation of capital that would cause an instant depression.

See why we are positive a liberal will be slow?

 

[joewp]

Yup.....destroy the banking industry.

Now we know what caused the Great Depression.

Progressives.

Actually, it was caused by the Fed. Bernanke agrees with Freidman right here:
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it"FRB Speech, Bernanke -- On Milton Friedman's ninetieth birthday -- November 8, 2002

 

[EdwardBaiamonte]

Yup.....destroy the banking industry.

Now we know what caused the Great Depression.

Progressives.

Actually, it was caused by the Fed. Bernanke agrees with Freidman right here:
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it"FRB Speech, Bernanke -- On Milton Friedman's ninetieth birthday -- November 8, 2002

dear, it was caused by progressives at the Fed who did not follow the rules of the gold standard in place at the time. Sorry.

 

[oldfart]

You realize almost all of those people are on the left, right?

So your point is that the most prominent economists are on the left? I would agree there; but it is somewhat disconcerting to hear you classify Volker, Greenspan, and a big chunk of the Federal Reserve as leftists.

 

[Procrustes Stretched]

...the banks that is. This has gone on long enough these mega-for-profit corps raping the taxpayer when ever their ponzi schemes fail

New Sanders Bill Would Break Up Big Banks | Common Dreams

New Sanders Bill Would Break Up Big Banks
'If an institution is too big to fail, it is too big to exist'

 

[EdwardBaiamonte]

You realize almost all of those people are on the left, right?

So your point is that the most prominent economists are on the left? I would agree there; but it is somewhat disconcerting to hear you classify Volker, Greenspan, and a big chunk of the Federal Reserve as leftists.

they are mostly leftists it seems. Bernanke seems to have no concern at all for letting the free market take over. He's still pumping 80 billion a month into the currency supply to manipulate rates. This is very socialist at best.