Subscribe to Receive the Daily Report

Monday, January 18th, 2016

170 Economists and Analysts Support Bernie’s Plan to Break Up the Big Banks

Author:     Nation of Change Staff
Source:     Nation of Change
Publication Date:     January 16, 2016
 Link: 170 Economists and Analysts Support Bernie’s Plan to Break Up the Big Banks
Stephan:   In the strongest terms of can state I want to say that I support Senator Sanders proposal, and I am pleased to see that others in the world of finance share this view.  We will not thrive again as a country until we get this sector of our society under control, and make wellness our first national priority.
Presidential Candidate Senator Bernie Sanders

Presidential Candidate Senator Bernie Sanders

After his ground-breaking speech earlier this month announcing his plan for Wall Street reform, Bernie Sanders’ has seen enormous support from top economists and financial analysts.

Bernie Sanders’ plan includes instating a law similar to the 1930s Glass-Steagall bill, separating commercial and investment banking. Doing this would break up the “too big to fail” financial institutions into smaller parts. Sanders also plans on pursing bringing criminal charges against banking executives that had a role in the 2008 financial crisis.

Now 170 economists and other financial professionals have officially endorsed the plan. Former U.S. Secretary of Labor Robert Reich and CEPR’s Dean Baker are just two of the highly respected individuals that have pledged their support.

Read the entire letter and view the list of all 170 signers below:

“In our view, Sen. Bernie Sanders’ plan for comprehensive financial reform is critical for avoiding another “too-big-to-fail” financial crisis. The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment […]

Read the Full Article

1 Comment

  1. John Gabriel Otvos on Tuesday, January 19, 2016 at 4:28 am

    Here’s an interesting scenario. Bernie & Elizabeth get elected as President and VP respectively. They start to unravel the corporate system of control and governance perhaps beginning with the ‘big banks.’ Then one or both get assassinated. With all the guns about down there, the second American revolution finally gets underway. This is not script for a Hollywood blockbuster. Look for it happening in a town near you.