Surprisingly, Sanders has a simple and very reasonable selling point, that Republicans should consider as a good idea.
If a bank or financial business is “too big to fail” without harming the US economy, then it is “too big to live”, and should be, in an orderly and careful way, subdivided into two or more competing organizations that do not share ownership or management, until they have been “rendered safe”.
And this concept should not be limited to just banks.
Any enterprise that is “too big to fail’ is in essence a Public Trust, because the taxpayers will bail them out.
CptnObvious The poor don't even get a 1% interest rate
rstrahan Big Banks love millionares, big corporations, Wall Street... ... hit the small guy hardest.
thoughtomator money for the banks, no matter the consequences for middle-class
Sandars is a Marxist and what he really means by too big to live” is "death to the capitalists!" Yeah, so the dems are a bunch of blood thirsty class warfare Marxists, that's old news. What baffles me is why we got so much Marxist hatred right here on the FR.
Look guys, only an idiot Marxist thinks you make the 'little guy' bigger by cutting down the big guys. Think, if being around rich people was a bad idea then imagine moving to say, Botswana where all your neighbors are poor --I'm sure they'd just love to swap w/ you.
Finally, y'all got to realize that prices are not set my capitalist exploiters or their evil gov't oligarchy Federal Reserve. 99% of all money loaned in the U.S. is w/ interest rates set by the free market --agreed upon by both the loaner and the borrower. Another fact is that even more dollars are being loaned out in free markets outside the U.S. where the evil capitalist Federal Reserve does not even exist.
Interest rates are low because inflation's low. When inflation comes back up so will interest rates. This is how it's been for hundreds of years and we need to deal w/ it.