Eavis writes: "Bernie Sanders probably knows more about breaking up banks than his critics give him credit for. The Daily News on Monday published an interview with him that led some commentators to say he didn't know how to break up the country's biggest banks."
Bernie Sanders. (photo: Hillary Swift/The New York Times)
Yes, Bernie Sanders Knows Something About Breaking Up Banks
07 April 16
ernie Sanders probably knows more about breaking up banks than his critics give him credit for.
The Daily News on Monday published an interview with him that led some commentators to say he didn’t know how to break up the country’s biggest banks. Downsizing the largest financial institutions is one of Mr. Sanders’s signature policies, so it would indeed raise questions about his candidacy if he had little idea of how to do it.
In the interview, with The Daily News’s editorial board, Mr. Sanders does appear to get tangled up in some details and lacks clarity. Breaking up the banks would involve arcane and complex regulatory moves that can trip up any banking policy wonk, let alone a presidential candidate. But, taken as a whole, Mr. Sanders’s answers seem to make sense. Crucially, his answers mostly track with a reasonably straightforward breakup plan that he introduced to Congress last year.
|
THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community. |
