Amazing how he was able to write legislation in 2 pages instead of 1,900+.
“Financial institutions that are “too big to fail” played a major role in undermining the American economy and driving our country into a severe recession.
Financial institutions that are “too big to fail” put taxpayers on the hook for a $ 700 billion bailout and more than $ 2 trillion from the Federal Reserve in virtually zero interest loans.
Huge financial institutions have become so big that the four largest banks in America (JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup) now issue one out of every two mortgages; two out of three credit cards; and hold $ 4 out of every $ 10 in bank deposits in the country. ”
http://sanders.senate.gov/petition/?uid=c53f1aca-5881-403e-928b-a25980cb4e0c
I don’t care if you agree with the majority of his politics or not, but should Congress take a serious look at Sander’s proposed bill?
Is is reasonable for these mega-corporations to have a stranglehold on the US economy and govt? If you don’t like Sander’s bill, what do you propose? Keep the status quo?
Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., urged the FBI and the Justice Department to put people who have committed mortgage fraud behind bars.
investigators have 530 active corporate fraud investigations, and 38 of them involve some of the biggest names in corporate finance —
I have personally seen a web page letter.were house loan brokers were advising clients, how to up their stated income, a.I -. yep. how to cheat, big names, these guys have bend the rules and have helped put the usa and us in a house of cards. because of greed.
http://news.yahoo.com/s/ap/bailout_fraud
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