| Bernie introduced legislation to break up the nation’s too-big-to-fail banks. “No single financial institution should have holdings so extensive that its failure could send the world economy into crisis,” Bernie said. “If an institution is too big to fail, it is too big to exist.” Three out of the four largest banks in the United States are now 80 percent bigger than they were one year before the financial crisis in 2008. To bail them out, the Federal Reserve provided $16 trillion in near zero-interest loans and Congress approved a $700 billion taxpayer bailout. | |
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