Login | Register

Bernie Sanders introduces bill to break up big banks

Quicklink Submitted By Meryl Ann Butler 5 comments

Managing Editor
Meryl Ann Butler

Become a Fan
(82 fans)

Bernie Sanders
(Image by Gage Skidmore) Details DMCA

Sen. Bernie Sanders (I-Vt.) introduced a bill Wednesday that would break up some of the largest U.S. banks, a long-standing goal of financial sector skeptics. The bill would force the federal government to dismantle any bank with total exposure greater than 3 percent of U.S. GDP, which is roughly equal to $584 billion. Banks above that threshold would be given two years to downsize before the federal government would be forced to take them apart.

Read the rest of the story HERE:

At thehill.com

1
Rate It | View Ratings

Meryl Ann Butler Social Media Pages:

Meryl Ann Butler is an artist, author, educator and OpedNews Managing Editor who has been actively engaged in utilizing the arts as stepping-stones toward joy-filled wellbeing since she was a hippie. She began writing for OpEdNews in Feb, 2004. She became a Senior Editor in August 2012 and Managing Editor in January, (more...)