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support H.R.1450: Too Big to Fail, Too Big to Exist Act - Break up the banks

Created by M.M. on May 24, 2013

As Sen. Bernie Sanders (I-Vermont) charges in a news release issued from his Senate office:
The 10 largest banks in the United States are bigger now than before a taxpayer bailout following the 2008 financial crisis when the Federal Reserve propped up financial institutions with $16 trillion in near zero-interest loans and Congress approved a $700 billion rescue for banks that some considered “too big to fail.” Attorney General Eric H. Holder Jr. now says the Justice Department may not pursue criminal cases against big banks because filing charges could “have a negative impact on the national economy, perhaps even the world economy.”

“We have a situation now where Wall Street banks are not only too big to fail, they are too big to jail,” Sanders said. “That is unacceptable..."

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