Under the Mountain Bunker

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twitter.com/charyl:

    BREAK UP BIG BANKS: A message from Bernie Sanders – J.P. Morgan Chase revealed that its in-house trading operation lost $2 billion in the past six weeks. “The debacle at J.P. Morgan Chase reaffirms my view that the largest six banks in this country, including J.P. Morgan Chase, which have assets equivalent to two-thirds of our GDP, must be broken up. This is important in order to bring more competition into the financial marketplace and to prevent another ‘too-big-to-fail’ bailout,” Sen. Bernie Sanders said. “At a time when 23 million Americans are either unemployed or underemployed, huge financial institutions should not be involved in ‘making wagers or high-stake bets.’ They should be investing in the productive economy creating jobs and improving our standard of living.” —Crooks & Liars

    — 2 years ago
    #news  #politics  #jp morgan  #wall street reform  #bernie sanders  #dodd-frank