Wednesday, January 6, 2016

Wall Street Isn't Feeling The Bern As Sanders Calls For Breakup


By Michael J Moore, Jan 05, 2015 Bloomberg

Wall Street banks are about to face another test of whether words will ever hurt them.

Bernie Sanders, the Democratic presidential candidate from Vermont, vowed during a speech Tuesday in New York to break up the largest U.S. banks within one year of taking office. Sanders lambasted the power the biggest lenders have and the “greed of Wall Street and corporate America” that he said is destroying the nation’s fabric.

While spokesmen for the four biggest banks -- JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. -- declined to address Sanders’s threat, analysts and historians expressed doubt that it would ever be realized, even if he defied the odds to win the White House.

 
Read More: http://www.bloomberg.com

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