Vermont Senator BernieSanders, the left-leaning Independent who caucuses with the Democrats, today introduced legislation that would give the government the power to identify and break up financial firms that are "too big to fail." The story from Reuters : An independent U.S. senator on Friday introduced a bill that would give the government the power to identify and...
Vermont Sen. BernieSanders and Pennsylvania Rep. Paul Kanjorski will say and do what needs to be done on Too Big To Fail: break the banks . An independent U.S. senator on Friday introduced a bill that would give the government the power to identify and break up financial firms that are "too big to fail," an idea that is catching on. " If an institution is too big to fail,...
Senator BernieSanders 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. We should end the concentration of ownership that has resulted in just four huge...
Filed under: Management , Industry , Market matters , Money and Finance Today , Politics , Headline news , Federal Reserve , Financial Crisis US Senator BernieSanders, independent from Vermont, is known for his straightforward and unbiased positions. His new legislative proposal is to break up big banks that are deemed "too big to fail." To quote Mr. Sanders: "if...
Senator BernieSanders (I-VT) is introducing a bill in the Senate that would break the monopoly of the “too big to fail” financial institutions. If they’re too big to fail, says Sanders, they’re too big to exist. (h/t Sam Stein, The Huffington Post) Here’s amazing irony. Guess what. Three out of the four largest financial institutions in [...]
by Sam Stein Senator BernieSanders (I-VT) introduced new legislation on Friday that should, he claims, solve the phenomenon of massive and failing financial institutions holding the nation's economy captive. It's all of two pages long. The Vermont Democrat-Socialist unveiled the "Too Big to Fail, Too Big to Exist Act" -- which he billed as a succinct remedy for tackling financial...
As Reuters notes : An independent U.S. senator on Friday introduced a bill that would give the government the power to identify and break up financial firms that are "too big to fail," an idea that is catching on. "If an institution is too big to fail, it is too big to exist," said Senator BernieSanders in a statement. "We should break them up so they are no...
Nov. 6 (Bloomberg) -- U.S. Senator BernieSanders unveiled legislation requiring Treasury Secretary Timothy Geithner to name banks whose collapse may shake the economy and break up the firms in a year, fueling efforts to end taxpayers bailouts.
WASHINGTON (MarketWatch) - Large 'too-big-to-fail' banks should be required to break up into smaller banks within a year, according to legislation introduced by Sen. BernieSanders on Friday. "If an institution is too big to fail, it is too big to exist," Sanders said in a statement. The Vermont independnent Senator's legislation would require the Treasury Department...
BernieSanders gets a twofer this week, with a quote from his website: “Today we face the greatest economic crisis since the Great Depression. There is no better moment to move forward aggressively on energy efficiency and creating new sustainable energy and creating jobs in the process. The potential for job growth in this area is [...]
He's apparently still planning to introduce both a full single payer bill in the Senate, a la Anthony Weiner's substitution move last I heard, and he's planning to introduce a Kucinich-style states' rights single payer amendment too. By DANIEL BARLOW Times-Argus (Vt.) Oct. 29, 2009 MONTPELIER — U.S. Sen. Bernard Sanders will likely make history this year when — for the first time...
BernieSanders in both Senate hearing and other writings with respect to environmental policy, energy policy, and economic policy, “the low-hanging fruit and a real job creator is energy efficiency”. Thanks, Mike
… is too big, period. Sign Sen. BernieSanders’ petition to Tim Geithner to break up the banks that pose a risk to American taxpayers, and please support Sanders’ forthcoming legislation. Posted in I want my money back. Tagged: banksters, BernieSanders, Tim Geithner, too big to fail
Burt Prelutsky wants the socialists to be exposed for what they are: For some peculiar reason, America's left-wingers object to being called socialists. In fact, we have only one member of Congress, Vermont's BernieSanders, who has the gumption to...
Via mail: [T]his legislative battle is not yet over . Our focus can now turn to two remaining efforts for single-payer healthcare in this Congress. Sen. BernieSanders will introduce S 703 in coming weeks, and we understand that he is considering editing it to be more like HR 676. We will have the opportunity again to see the first ever vote on single-payer healthcare in this Congress....