Senator Sanders Unfiltered: Real Financial Reform, Now!

http://facebook.com/senatorsandersunfiltered As a member of the House Financial Services Committee, this is what I said on the floor of the House in 1999 as I voted against the major bank deregulation bill: This legislation, in its current form, will do more harm than good. It will lead to fewer banks and financial service providers; increased charges and fees for individual consumers and small businesses; diminished credit for rural America; and taxpayer exposure to potential loses should a financial conglomerate fail. It will lead to more mega-mergers; a small number of corporations dominating the financial service industry; and further concentration of economic power in our country.

Frankly, it didnt take a PhD in finance to reach that conclusion. If you give unlimited license to Wall Street speculators, no one should be surprised when the result is greed on steroids.




As a result of that reckless behavior by Wall Street, millions of Americans today have lost their jobs, health care and homes. Our country continues to struggle through a disastrous recession. Disgust at Wall Street is profound. Americans demand real changes in how Wall Street functions. Congress must deliver.

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[rickbar123]

Drag the bankers into the Street.

[FlowerClown]

Thank you Sanders.

You need to do the same with military spending. Military contractors are just as bad as the banks.

Standard Oil was too big to fail.

Break them up.

[1949b]

no teebaggers here cuz this guy wants to fix a broken system, they have no interest

[joe035]

I have a great credit rating and low debt but my interest rate was jacked up to 17.9% with BOA. They think I want to go buy stuff with this kind of interest? No wonder the economy is going to shit!

[Pkr]

If you are charged that much, 20-25%, interest on credit cards YOU should tear up the card and stop payment immediately. Jesus Christ fought this kind of bank rip-off and got killed for it....

[pokeyugi13]

not trying to be racist

he's jewish he knows this crap

[LibertyMike1]

Bernie Sanders sold out on Auditing the Fed! He came to a compromise with the Democratic senators who are consistently lobbied by Wall Street Banks and Financial institutions. Bernie, you are an Independent! Put your foot down and demand S604 in its original form!

[brlproduction]

Same problem as in my country Indonesia...it is hard to fight people, group, organization with lots of money, as so they exceed

[behonest47]

I would like him to name the senators that don't agree with him. They are the ones in bed

[UfilthyLIAR]

It got sent to ISRAEL

[Iceman22742]

I agree wholeheartedly with what he is saying, but it would seem that no one anywhere has the political testicular fortitude to truly bury these fuckers. The financial reform bill is complete garbage no one will step up a put a boot up their collective asses. When the second collapse comes prepare for a long hard road to recovery....